Suspension of Operations and Impact on Performance Caused by Natural Disasters and Infectious Diseases
First written in FY2016. 7 of 15 entries say "Worsened", first in FY2019. Latest entry: FY2023.
Hotel Newgrand moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 24 of 39 companies on the "Worse" side.
26 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Natural disasters such as major earthquakes and typhoons may damage buildings, facilities and other assets owned by the Company, resulting in lower sales due to temporary business suspensions and costs for repairs. In addition, outbreaks or the spread of infectious diseases such as novel influenza are expected to restrict long-distance travel and group activities, which may affect the Company's performance.」
The risks of facility damage, business suspensions, travel restrictions and earnings impacts caused by natural disasters and infectious diseases continue to be disclosed. - FY2022RestatedAnnual report
「Natural disasters such as major earthquakes and typhoons may damage buildings, facilities and other assets owned by the Company, resulting in lower sales due to temporary business suspensions and costs for repairs. In addition, outbreaks or the spread of infectious diseases such as novel influenza are expected to restrict long-distance travel and group activities, which may affect the Company's performance.」
The risks of facility damage, business suspensions, travel restrictions and earnings impacts caused by natural disasters and infectious diseases continue to be disclosed. - FY2022-Q2The impact of the infectious disease continued, while the challenging conditions easedAnnual report
「Although the difficult conditions caused by COVID-19 have begun to ease gradually, the outlook is for an economic recovery driven by the effects of various policies and improvements in overseas economies, but」
Although the difficult conditions caused by the infectious disease are said to be easing gradually, demand declines and the impact of shorter operating hours continue in the hotel business. - FY2022-Q1WorsenedAnnual report
「In response to the priority preventive measures reissued by the Japanese government from 21 January to 21 March 2022, the Company changed restaurant operating hours.」
Operating restrictions related to measures against the infectious disease continued, and the reissuance of the priority preventive measures resulted in changes to restaurant operating hours. - FY2021-Q3WorsenedAnnual report
「In response to the priority preventive measures issued by the Japanese government from 20 April to 20 June 2021 and from 12 July to 21 July, and the reissuance of the state of emergency from 22 July to 30 September, the Company shortened restaurant operating hours and suspended the serving of alcoholic beverages.」
In addition to the priority preventive measures, the reissuance of the state of emergency from 22 July resulted in the continued shortening of restaurant operating hours and suspension of alcoholic beverage service. - FY2021-Q2WorsenedAnnual report
「In response to the priority preventive measures issued by the Japanese government on 20 April 2021, the Company shortened restaurant operating hours and suspended the serving of alcoholic beverages.」
Operating restrictions related to measures against the infectious disease continued, and the priority preventive measures resulted in shorter restaurant operating hours and the suspension of alcoholic beverage service. - FY2021-Q1WorsenedAnnual report
「In response to the state of emergency reissued by the Japanese government on 8 January 2021, the Company changed the menus offered and operating hours at its restaurants.」
The reissuance of the state of emergency resulted in changes to the menus offered and operating hours at the restaurants. - FY2020WorsenedAnnual report
「In the hotel industry, although this will depend on whether the Tokyo Olympic and Paralympic Games are held, it is expected to take considerable time for demand from visitors to Japan to recover to previous levels. Expectations are also focused on government-led measures to stimulate domestic tourism demand, but the headwinds have strengthened again amid the temporary suspension of the Go To Travel program and requests for people to refrain from going out following the reissuance of the state of emergency. The extremely challenging operating environment is therefore expected to continue.」
Demand recovery has taken time even after operations were suspended due to the infectious disease, with the impact of the suspension of Go To Travel and the reissuance of the state of emergency adding to the pressure. - FY2020-Q3Demand remained weak after operations resumed throughout the hotelAnnual report
「Operations resumed throughout the hotel on 1 June 2020 following the lifting of the state of emergency, and demand has gradually begun to recover since the Go To Travel campaign started in July 2020. However, demand remains weak.」
Operations throughout the hotel resumed on 1 June, but demand remains weak due to the infectious disease. - FY2020-Q2WorsenedAnnual report
「Cancellations and postponements occurred in the accommodation and banquet divisions as part of measures to prevent the spread of COVID-19. In response to the state of emergency declared by the Japanese government on 7 April 2020, some restaurant operations were suspended and the menus offered and operating hours were changed from 8 April 2020, while operations at the branch locations Takashimaya Yokohama Le Grand and Sogo Yokohama Bar Sea Guardian III were temporarily suspended. In addition, operations throughout the hotel were temporarily suspended from 29 April to 31 May 2020.」
The impact of COVID-19 expanded from cancellations and postponements in the accommodation and banquet divisions and the closure of restaurants and branch locations to the temporary closure of the entire hotel. - FY2020-Q1MaterialisedAnnual report
「Cancellations and postponements occurred in the accommodation and banquet divisions as part of measures to prevent the spread of COVID-19. In response to the state of emergency declared by the Japanese government on 7 April 2020, some restaurant operations were suspended and the menus offered and operating hours were changed from 8 April 2020.」
The disclosure of infectious disease risk, previously described as a possibility, now states that cancellations and postponements in the accommodation and banquet divisions and the temporary suspension of some restaurant operations actually occurred due to COVID-19. - FY2019WorsenedAnnual report
「The operating environment was challenging, as the year also saw numerous natural disasters, including the arrival of major typhoons that caused extensive damage in various regions.」
Regarding natural disaster risk, the impact on the business environment is specifically described as having occurred in a year when major typhoons caused extensive damage in various regions. - FY2018RestatedAnnual report
「Natural disasters such as major earthquakes and typhoons may damage buildings, facilities and other assets owned by the Company, resulting in lower sales due to temporary business suspensions and costs for repairs. In addition, outbreaks or the spread of infectious diseases such as novel influenza are expected to restrict long-distance travel and group activities, which may affect the Company's performance.」
The risks of facility damage, business suspensions, travel restrictions and earnings impacts caused by natural disasters and infectious diseases continue to be disclosed. - FY2017RestatedAnnual report
「Natural disasters such as major earthquakes and typhoons may damage buildings, facilities and other assets owned by the Company, resulting in lower sales due to temporary business suspensions and costs for repairs. In addition, outbreaks or the spread of infectious diseases such as novel influenza are expected to restrict long-distance travel and group activities, which may affect the Company's performance.」
The risks of business suspensions, repair costs, travel restrictions and earnings impacts caused by natural disasters and infectious diseases continue to be disclosed. - FY2016First statedAnnual report
「Natural disasters such as major earthquakes and typhoons may damage buildings, facilities and other assets owned by the Company, resulting in lower sales due to temporary business suspensions and costs for repairs. In addition, outbreaks or the spread of infectious diseases such as novel influenza are expected to restrict long-distance travel and group activities, which may affect the Company's performance.」
The company identifies as risks facility damage and business suspensions caused by natural disasters, and travel restrictions and earnings impacts caused by infectious diseases.