Risk of reduced IT investment and declining demand for rental cars due to the spread of COVID-19
First written in FY2020. 6 of 14 entries say "Restated". Latest entry: FY2025-H1.
The whole theme swung hardest in 2020: 25 of 30 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「In the rental car business, customer traffic showed signs of recovery, although it remained below pre-pandemic levels, partly due to the extension of the Hokuriku Shinkansen to Tsuruga」
The company continued to state that rental car demand remained below pre-pandemic levels, although customer traffic continued to recover. - FY2024-Q3RestatedAnnual report
「In the car rental business, customer traffic recovered, although it remained below pre-pandemic levels. Revenue was ¥95 million, up 19.1% year on year, and operating profit was ¥1 million, compared with an operating loss of ¥9 million in the same period of the previous year.」
Although the impact of the COVID-19 pandemic on rental car demand remained, the company continued to see a recovery in customer traffic and remain profitable at the operating level. - FY2024-Q2MitigatedAnnual report
「In the car rental business, customer traffic recovered, although it remained below pre-pandemic levels. Revenue was ¥66 million, up 23.6% year on year, and operating profit was ¥6 million, compared with an operating loss of ¥8 million in the same period of the previous year.」
Although the impact of the COVID-19 pandemic on rental car demand remained, revenue increased owing to a recovery in customer traffic, and the company turned from an operating loss to an operating profit. - FY2024-Q1MitigatedAnnual report
「In the car rental business, customer traffic recovered, although it remained below pre-pandemic levels. The company also continued to work to control costs, resulting in revenue of ¥30 million, up 34.8% year on year, and operating profit of ¥2 million, compared with an operating loss of ¥6 million in the same period of the previous year.」
Although the impact of the COVID-19 pandemic on rental car demand remained, revenue increased and the company turned from an operating loss to an operating profit, owing to a recovery in customer traffic and cost controls. - FY2023-Q3MitigatedAnnual report
「In the car rental business, customer traffic showed a slight recovery despite the continued impact of requests to refrain from going out. The company also continued to work to control costs, resulting in revenue of ¥80 million, up 2.6% year on year, and an operating loss of ¥9 million, compared with an operating loss of ¥20 million in the same period of the previous year.」
Although demand remained weak due to requests to refrain from going out, revenue increased year on year and the operating loss narrowed, owing to a slight recovery in customer traffic and cost controls. - FY2023-Q2MitigatedAnnual report
「In the car rental business, customer traffic showed a slight recovery despite the continued impact of requests to refrain from going out. The company also continued to work to control costs, resulting in revenue of ¥54 million, up 6.5% year on year, and an operating loss of ¥8 million, compared with an operating loss of ¥23 million in the same period of the previous year.」
Although rental car demand remained weak due to requests to refrain from going out, revenue increased year on year and the operating loss narrowed, owing to a slight recovery in customer traffic and cost controls. - FY2023-Q1Operating loss narrows despite continued weak demandAnnual report
「In the car rental business, customer traffic remained sluggish due to the continued impact of requests to refrain from going out, but the company also worked to control costs. Revenue was ¥22 million, down 10.0% year on year, and the operating loss was ¥6 million, compared with an operating loss of ¥14 million in the same period of the previous year.」
Although rental car demand remained weak due to requests to refrain from going out, the operating loss narrowed from the same period of the previous year, partly due to cost-control efforts. - FY2022-Q3RestatedAnnual report
「In the car rental business, customer traffic remained sluggish due to the continued impact of requests to refrain from going out, but the company also worked to control costs. Revenue was ¥78 million, down 37.0% year on year, and the operating loss was ¥20 million, unchanged from the same period of the previous year.」
Weak rental car demand due to requests to refrain from going out continued, resulting in lower revenue. The operating loss was unchanged from the same period of the previous year. - FY2022-Q2WorsenedAnnual report
「In the car rental business, customer traffic remained sluggish due to the continued impact of requests to refrain from going out. Revenue was ¥50 million, down 39.8% year on year, and the operating loss was ¥23 million, compared with an operating loss of ¥11 million in the same period of the previous year.」
The impact of requests to refrain from going out due to COVID-19 continued, resulting in lower revenue and a larger operating loss in the rental car business. - FY2022-Q1MitigatedAnnual report
「In the car rental business, customer traffic showed signs of a slight recovery, and the company proceeded with the sale of surplus vehicles. As a result, revenue was ¥24 million, up 138.4% year on year, and the operating loss was ¥14 million, compared with an operating loss of ¥25 million in the same period of the previous year.」
Regarding rental car demand amid the spread of COVID-19, customer traffic showed signs of a slight recovery, and the operating loss narrowed from the same period of the previous year. - FY2021RestatedAnnual report
「However, if the effects of COVID-19 persist and customers restrain IT investment because of deteriorating business performance, new development projects may be postponed and existing operations and maintenance personnel may be reduced, which could affect the Group's performance.」
The risks of restrained IT investment, postponed development projects and reductions in operations and maintenance personnel due to a prolonged COVID-19 pandemic continue. - FY2021-Q3RestatedAnnual report
「In the car rental business, customer traffic declined due to requests to refrain from going out. As a result of proceeding with the sale of surplus vehicles, revenue was ¥124 million, down 25.4% year on year, and the operating loss was ¥20 million, compared with an operating loss of ¥37 million in the same period of the previous year.」
The cumulative third-quarter period also confirmed lower rental car demand and an impact on performance from requests to refrain from going out associated with the spread of COVID-19. - FY2021-Q1RestatedAnnual report
「The rental car business saw customer traffic decline due to requests to refrain from going out, resulting in revenue of ¥10 million (down 77.6% year on year) and an operating loss of ¥25 million (compared with an operating loss of ¥19 million in the same period of the previous year).」
The first-quarter results confirmed lower rental car demand and an impact on performance from requests to refrain from going out associated with the spread of COVID-19. - FY2020MaterialisedAnnual report
「If the effects of COVID-19 persist and customers restrain IT investment because of deteriorating business performance, new development projects may be postponed and existing operations and maintenance personnel may be reduced, which could affect the Group's performance. In the rental car business, sales have declined due to the impact of requests to refrain from going out」
While disclosing restrained IT investment and postponed development projects as future risks, the company stated that sales declines due to requests to refrain from going out have already occurred in the rental car business.