Business and Performance Risks Arising from the Spread of COVID-19
First written in FY2020. 7 of 11 entries say "Mitigated", first in FY2021-Q3. Latest entry: FY2023.
No other company in this theme has enough history to compare yet.
- FY2023MitigatedAnnual report
「Although the spread of COVID-19 may have both positive and negative effects on each business, we have determined that its impact on the operating results, share price and financial position of the Group is limited.」
While recognizing the effects of pandemic-related closures and reduced operating hours, the company continued to determine that the impact was limited, taking into account the recovery in visitor numbers following the lifting of activity restrictions and the increases in revenue and operating profit in the facilities business. - FY2023-Q2MitigatedAnnual report
「In this business, in addition to the recovery in customer visits following the full lifting in March this year of the priority preventive measures to prevent the spread of disease, the Company worked to expand earnings through efficient operation of existing stores and the effects of openings in new business formats, resulting in higher revenue and profit year on year.」
Visitor numbers recovered after all restrictions on activities introduced to control the pandemic were lifted, resulting in year-on-year increases in both revenue and operating profit in the amusement facilities business. - FY2022RestatedAnnual report
「Although the spread of COVID-19 may have both positive and negative effects on each business, we have determined that its impact on the operating results, share price and financial position of the Group is limited.」
While recognizing the effects of store closures, reduced operating hours and other factors resulting from the pandemic, the company continued to determine that their impact on operating results and other matters was limited as of the end of the consolidated fiscal year. - FY2022-Q3MitigatedAnnual report
「In this business, the spread of COVID-19 forced the temporary closure of stores, but operations were gradually resumed after the lifting of the state of emergency last year, and efforts were made to recover. As a result, revenue was ¥7,018 million, down 23.7% year on year, and operating profit was ¥86 million, down 92.7%.」
Although the effects of store closures and declining revenue remained, the amusement facilities business returned to operating profitability as it recovered after operations resumed. - FY2022-Q2MitigatedAnnual report
「In this business, some stores were forced to close or operate shorter hours as the state of emergency continued. However, the recovery in customer traffic resulted in higher revenue and profit year on year.」
Although the effects of COVID-19-related closures and reduced operating hours remained, the amusement facilities business reported year-on-year increases in both revenue and operating profit as customer traffic recovered, partially mitigating the impact. - FY2022-Q1MitigatedAnnual report
「Although the third state of emergency declared in Japan forced some stores to close or operate for shorter hours, revenue increased year on year as customer traffic recovered.」
Although the effects of closures and reduced operating hours under the state of emergency remained, revenue in the amusement facilities business increased year on year as customer traffic recovered, and the operating loss narrowed from ¥554 million in the prior-year period to ¥63 million. - FY2021MitigatedAnnual report
「Although the spread of COVID-19 may have both positive and negative effects on each business, we have determined that its impact on the operating results, share price and financial position of the Group is limited.」
Although the effects of store closures and other factors remained, the company indicated that, as of the end of the consolidated fiscal year, their impact on operating results, share price and financial position was limited. - FY2021-Q3MitigatedAnnual report
「In this business, the spread of COVID-19 forced the temporary closure of stores, but operations were gradually resumed after the lifting of the state of emergency last year, and efforts were made to recover. As a result, revenue was ¥7,018 million, down 23.7% year on year, and operating profit was ¥86 million, down 92.7%.」
Although store closures and declining revenue due to COVID-19 continued, the amusement facilities business returned to operating profitability as it recovered after operations resumed. - FY2021-Q2MaterialisedAnnual report
「In this business, we were temporarily forced to close locations due to the spread of COVID-19, but resumed operations sequentially after the state of emergency was lifted and worked toward recovery. As a result, revenue was ¥4,031 million, down 35.3% year on year, and the operating loss was ¥262 million, compared with operating profit of ¥915 million in the same period of the previous year.」
Store closures caused by the spread of COVID-19 and the failure to fully recover after operations resumed continued, resulting in a 35.3% decline in revenue and an operating loss of ¥262 million in the amusement facilities business. - FY2021-Q1MaterialisedAnnual report
「In the amusement facilities business, we were forced to struggle due to the closure of locations and other factors. Although we were forced to close locations due to the impact of COVID-19 and subsequently resumed operations, we did not recover to normal levels, resulting in substantial declines in revenue and profit. Revenue was ¥1,184 million, down 56.3% year on year, and the operating loss was ¥554 million, compared with operating profit of ¥299 million in the same period of the previous year.」
The closure of locations due to the spread of COVID-19 and the failure to recover after reopening actually occurred, materialising as a 56.3% decline in revenue and an operating loss in the amusement facilities business. - FY2020First statedAnnual report
「The impact of the spread of COVID-19 has both positive and negative aspects. The amusement facilities business, which has been forced to close its locations, and the amusement equipment business, where demand is expected to decline, are in a position where revenue declines cannot be avoided.」
We first disclosed separately that the spread of COVID-19 was expected to result in amusement facility closures, declining demand for amusement equipment, and an impact on content production due to remote work.