Risk of natural disasters and infectious diseases

「In addition, depending on the scale and extent of increasingly frequent typhoons and torrential rains in recent years, even if our group suffers no direct damage, consumer sentiment is expected to weaken and the number of visitors may decline due to effects on domestic transportation, potentially affecting our group’s ability to secure revenue.」

「During the interim consolidated accounting period, there were no new major risks or significant changes to the business risks described in the annual securities report that management recognized as potentially having a material effect on the financial position, operating results, or cash flows of the consolidated companies, among the matters concerning business conditions and financial matters described in this Semiannual Report.」

「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」

「当第２四半期連結累計期間におけるわが国経済は、新型コロナウイルス感染症第７波の影響や海外からの渡航制限の長期化に加え、ウクライナ情勢などを背景とした原材料や燃料価格の高騰などにより、経営環境は依然として厳しい状況となりました。」

「In the hotel and tourism industries, lodging demand did not recover due to travel restrictions and requests to refrain from traveling across prefectural borders, while banquet use remained at a low level amid restraint on events and meetings, resulting in continued harsh operating conditions.」

「During the first-quarter cumulative consolidated period, Japan’s economy continued to experience the spread of infections, although COVID-19 vaccinations were progressing, and the timing of an end to the spread could not be foreseen」

「The hotel and tourism industries were particularly hard hit. Although tourism support measures such as the “Go To Campaign” provided a temporary lift, the operating environment became unprecedentedly difficult due to the disappearance of inbound demand caused by travel restrictions, calls for restraint on outings and events, and requests for restaurants to shorten their operating hours.」

「The hotel and tourism industry was among the most severely and directly affected. Inbound demand disappeared abruptly due to travel restrictions, and the industry faced an unprecedented crisis, including being forced to substantially reduce operations in response to government requests to refrain from going out and holding events.」

「However, due to the sharp decline in the number of visitors to Japan and domestic customers, as well as the reduction in business activities at all operating locations, revenue for the first-quarter cumulative consolidated period was ¥3,309 million, down 77.0% year on year. In addition, because of the substantial burden of fixed costs, the operating loss was ¥3,539 million, the ordinary loss was ¥3,496 million, and the quarterly net loss attributable to owners of the parent was ¥3,014 million.」

「However, after entering the fourth quarter, and particularly from February onward, the business was severely affected by the spread of infectious diseases. The number of rooms sold in March fell 80% year on year, and most banquets were canceled, resulting in a substantial decline in revenue.」

「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」

「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」

「In the hotel industry, lodging demand and corporate use remained solid as the number of visitors to Japan increased, and although the industry was affected by a succession of natural disasters, the operating environment was generally favorable.」

「In the hotel industry, lodging demand and corporate use remained solid as the number of visitors to Japan increased, and although the industry was affected by a succession of natural disasters in western Japan and elsewhere, the operating environment was generally favorable.」

「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」

「大規模な地震や台風等の自然災害の発生は、当社グループの所有する建物、施設等に損害を及ぼし、一時的な営業停止による売上減や修復のための費用負担が発生する可能性があります。また、新たな疾病や感染症の発生や蔓延」

「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」

「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」

「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」

「大規模な地震や台風等の自然災害の発生は、当社グループの所有する建物、施設等に損害を及ぼし、一時的な営業停止による売上減や修復のための費用負担が発生する可能性があります。また、新型インフルエンザ等新たな感染症の発生や蔓延」

「大規模な地震や台風等の自然災害の発生は、当社グループの所有する建物、施設等に損害を及ぼし、一時的な営業停止による売上減や修復のための費用負担が発生する可能性があります。また、新型インフルエンザやＳＡＲＳ等新たな感染症の発生や蔓延は、遠距離移動や団体行動の制限が予想され、当社グループの業績に影響する可能性があります。」