Risks to Business Continuity and Performance Due to COVID-19
First written in FY2020. 6 of 11 entries say "Materialised", first in FY2020. Latest entry: FY2023-Q3.
Toyo Tec moved to the "Worse" side of this theme in 2020, 2 years before the typical company in this theme (2022).
The whole theme swung hardest in 2025: 2 of 12 companies on the "Worse" side.
2 other companies' latest entry also says "Worsened".
- FY2023-Q3WorsenedAnnual report
「In the security services and building maintenance industries, in addition to difficulties recruiting personnel, the increase in people infected during the eighth wave of COVID-19 has made it difficult to address labor shortages.」
The eighth wave of COVID-19 infections and the increase in cases were again identified as factors making it difficult to address labor shortages in the security and building maintenance industries. - FY2023-Q2MitigatedAnnual report
「Although the number of new COVID-19 cases remained high, it peaked toward the end of the period, and economic activity began to recover toward pre-pandemic levels as various restrictions to prevent the spread of infection were eased.」
Although the number of new cases remained high, it peaked toward the end of the period, and the company stated that economic activity began to recover toward pre-pandemic levels as restrictions were eased. - FY2023-Q1MitigatedAnnual report
「The lifting of priority preventive measures against the spread of COVID-19 that had been in place in some regions eased restrictions on movement, and personal consumption showed signs of recovery.」
The company stated that personal consumption showed signs of recovery following the lifting of priority preventive measures against the spread of COVID-19 and the easing of restrictions on movement. - FY2022MitigatedAnnual report
「As the impact of COVID-19 was more limited than in the previous fiscal year and orders related to COVID-19 vaccines and the acquisition of new customers contributed, total net sales were ¥27,465 million, an increase of ¥1,464 million, or 5.6%, year on year, marking the 11th consecutive fiscal year of revenue growth.」
The impact of COVID-19 was more limited than in the previous fiscal year, while vaccine-related orders and the acquisition of new customers contributed to revenue growth. However, the infection risk itself continued to be disclosed as a pandemic risk. - FY2022-Q3Signs of recovery following the lifting of restrictions on movement, while risks such as the Omicron variant remainAnnual report
「COVID-19 also showed signs of subsiding, and the state of emergency and priority preventive measures that had continued since the beginning of the year were lifted at the end of September 2021. As economic activity gradually recovered, the company continued to report year-on-year increases in both revenue and earnings.」
The company described improving business conditions following the lifting of the state of emergency and other restrictions and the recovery in economic activity, while separately identifying risks including the global spread of the Omicron variant and restrictions on entry into Japan. - FY2022-Q2MaterialisedAnnual report
「Restrictions on movement resulting from the arrival of the fifth wave of COVID-19 and the issuance of a fourth state of emergency covering Tokyo, Osaka and other areas」
Restrictions on movement continued due to the fifth wave of COVID-19 and declarations of a state of emergency, with the cancellation or scaling back of events and the impact on security demand reflected in actual results. - FY2022-Q1MaterialisedAnnual report
「Economic and social activity remained stagnant amid the arrival of the fourth wave of COVID-19 and the issuance of a fourth state of emergency covering Tokyo, Osaka and other areas.」
The company stated that economic and social activity remained stagnant due to the fourth wave of COVID-19 and declarations of a state of emergency. At the same time, it cited expectations for an economic recovery after the pandemic as vaccinations began, as well as demand for products suited to life with COVID-19. - FY2021-Q3MaterialisedAnnual report
「During the nine-month period ended [relevant date], the Group continued to operate in a difficult environment as the second and third waves of COVID-19 arrived.」
The arrival of the second and third waves of COVID-19 prolonged the difficult business environment. The company cited COVID-19 and the reversal of a major real estate project as factors behind the decline in earnings. - FY2021-Q2MaterialisedAnnual report
「The security services industry continues to face a difficult environment, owing to customers scaling back operations due to the impact of COVID-19, the cancellation of various events and the accelerating shift to cashless transactions.」
The continued impact of COVID-19 was reflected in the actual business environment through customers scaling back operations, events being canceled and a decline in business due to the shift to cashless transactions. - FY2021-Q1MaterialisedAnnual report
「Regarding net sales, the declaration of a state of emergency due to the spread of COVID-19 brought economic activity to a standstill, creating a difficult environment for the company as customers suspended or scaled back operations and various events were canceled or postponed.」
The spread of COVID-19 and declarations of a state of emergency resulted in customers suspending or scaling back operations and events being canceled or postponed, affecting the business environment. - FY2020MaterialisedAnnual report
「If COVID-19 or another infectious disease occurs, employee infections in the security and building maintenance businesses could disrupt business continuity.」
The company newly identified the risks of employee infections and business continuity disruptions caused by COVID-19. It stated that, in terms of actual performance, the spread of the infection reduced new orders and spot projects, causing performance to deteriorate sharply in the fourth quarter.