Impact of COVID-19 on business and earnings
First written in FY2021-Q1. 10 of 15 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 102 of 175 companies on the "Worse" side.
- FY2026DroppedAnnual report
「Amid continuing concerns about higher costs, including logistics and labor costs, against a backdrop of labor shortages, and inflation caused by geopolitical risks such as the situation in the Middle East, it remains necessary to continue monitoring the impact of the financial and capital markets and U.S. trade policy, and the operating environment remains uncertain.」
This filing does not discuss the impact of the spread of COVID-19 on the business or financial results; instead, its discussion of the business environment has shifted to labor shortages, rising costs, geopolitical risks, and other factors. - FY2024-Q3MitigatedAnnual report
「The bedding and linen supply business serving accommodation facilities, which had continued to face a difficult environment during the pandemic, is also recovering steadily as tourism demand expands.」
Regarding the accommodation-facility business, which faced difficult conditions due to the spread of COVID-19, the filing describes a recovery accompanying the expansion of tourism demand and indicates that the business impact is easing. - FY2024-Q2RestatedAnnual report
「During the six-month consolidated period under review (1 April 2023 to 30 September 2023), Japan’s economy saw economic activity rapidly return to normal, partly because COVID-19 was downgraded to Category 5 under the Infectious Diseases Control Law. At the same time, new social issues emerged, including worsening labor shortages across all industries.」
The filing continues to indicate that economic activity rapidly returned to normal due in part to the reclassification of COVID-19 as a Class 5 disease. Although business-environment risks from the pandemic are declining, labor shortages and rising costs are cited as new challenges. - FY2024-Q1MitigatedAnnual report
「While economic activity is rapidly returning to normal, partly because COVID-19 was downgraded to Category 5 under Japan’s Infectious Diseases Control Law, new social issues have emerged, including worsening labor shortages across all industries.」
The filing indicates that economic activity rapidly returned to normal following the reclassification of COVID-19 as a Class 5 disease. The bedding and linen supply business for accommodation facilities is also recovering steadily as tourism demand expands. - FY2023MitigatedAnnual report
「At a Board of Directors meeting discussing key management matters for the fiscal year ended March 2024, the company confirmed that risks arising from COVID-19 had declined, while risks relating to soaring materials and fuel costs and securing personnel had increased. It therefore designated these as key management matters and decided to work to mitigate the risks.」
Although the filing states that risks arising from COVID-19 continue to affect the business environment, it expressly notes that the Board of Directors confirmed that the risks had declined. - FY2023-Q3RestatedAnnual report
「During the cumulative nine-month period of the fiscal year under review (1 April 2022 to 31 December 2022), Japan's economy showed signs of recovery in economic activity as restrictions on movement were eased, despite the continuing impact of the spread of COVID-19. However, the outlook remained uncertain due to higher energy costs and raw-material prices, fluctuations in foreign-exchange rates, rising prices and other factors.」
The filing states that, although the impact of the spread of COVID-19 continues, economic activity is also showing signs of recovery as restrictions on people's activities are eased. Uncertainty about the outlook continues due to higher energy and raw-material costs, foreign-exchange fluctuations, and rising prices. - FY2023-Q2RestatedAnnual report
「During the second quarter cumulative period (1 April 2022 to 30 September 2022), Japan's economy showed signs of a gradual recovery in economic activity, although conditions of strain were seen in medical settings and elsewhere due to the impact of the seventh wave of COVID-19 infections.」
The filing describes a situation in which medical facilities and other frontline services are under pressure due to the seventh wave of infections, while economic activity is also gradually recovering. The effects of the pandemic and signs of recovery are coexisting. - FY2023-Q1RestatedAnnual report
「During the first quarter of the fiscal year ending March 2023 (1 April 2022 to 30 June 2022), Japan's economy showed signs of recovery in economic activity as the number of COVID-19 cases declined, but the outlook remained uncertain due to the renewed spread of infection from late June onward, as well as rising prices caused by higher resource prices resulting from geopolitical risks and an accelerating depreciation of the yen.」
The filing states that, although economic activity is showing signs of recovery as the number of infections declines, uncertainty about the outlook continues due to the renewed spread of infection since late June and rising prices caused by higher resource prices and yen depreciation. - FY2022-Q3RestatedAnnual report
「In addition, the intermittent spread of COVID-19 has brought various changes to society and people's lives, affecting the operating and business environments of the company group.」
The filing reconfirms that the intermittent spread of COVID-19 is affecting social life and the Group's operating and business environment. Meanwhile, revenue and profit increased year on year in the cumulative nine-month period. - FY2022-Q2RestatedAnnual report
「In addition, the continued spread of COVID-19 has brought various changes to society and people's lives, and has affected the Group's management and business environments.」
The filing reconfirms that the spread of COVID-19 is continuing and affecting social life and the Group's operating and business environment. - FY2022-Q1RestatedAnnual report
「In addition, the current spread of COVID-19 has brought various changes to society and people's lives and has had a significant impact on the Group's operating and business environment.」
The filing continues to state that the spread of COVID-19 has had a significant impact on social life and the Group's operating and business environment. The business impact of lower hotel and ryokan occupancy rates also continues. - FY2021RestatedAnnual report
「The spread of COVID-19 continued this year, and hotel occupancy rates declined, with demand for hotel linen supply weakening, due to a decrease in inbound visitors resulting from global travel restrictions and companies discouraging business travel under declarations of a state of emergency and other measures.」
The impact of COVID-19 continued, with the business impact continuing to appear in the form of lower hotel occupancy rates and weaker demand for hotel linen supply. - FY2021-Q3RestatedAnnual report
「In addition, restrictions on social life and the stagnation of economic activity associated with the spread of COVID-19 have continued intermittently, and uncertainty about the outlook remains.」
The filing continues to describe the intermittent continuation of the spread of COVID-19 and the resulting uncertainty about the outlook. The impact is also evident in lower revenue and profit at each segment and on a consolidated basis. - FY2021-Q2RestatedAnnual report
「In addition, although restrictions on social life and the stagnation of economic activity associated with the spread of COVID-19 have begun to ease and recover gradually, the outlook remains uncertain.」
The filing states that, although there are signs of easing and recovery in some areas regarding the impact of the spread of COVID-19 on social life and economic activity, uncertainty about the outlook continues. Consolidated revenue decreased 5.3% and operating profit decreased 26.3%. - FY2021-Q1MaterialisedAnnual report
「As restrictions on social life and the stagnation of economic activity continued due to the spread of COVID-19, the Group, as a service provider involved in “cleanliness and health,” fulfilled its social mission by continuing its operations while thoroughly implementing infection-prevention measures, and worked to prevent infection among employees and their families and ensure their safety. Although rental revenue in the Silver Business remained solid, the Group reported lower revenue year on year due to the impact of lower hotel and ryokan occupancy rates associated with the spread of COVID-19 on the bedding and linen supply business and the manufacturing business for commercial laundry equipment, as well as the impact on the hospital-related business from factors including a decline in the number of inpatients.」
The spread of the infection affected hotel and ryokan occupancy rates, the number of inpatients, outpatient visits, and the operations of restaurants and commercial facilities through social life and economic activity, resulting in an actual decline in revenue and profit, including a 5.9% decrease in consolidated revenue and a 56.2% decrease in operating profit.