Delayed Student Recruitment and School Closures Due to COVID-19, Resulting in Downside to Performance
First written in FY2020. 6 of 15 entries say "Mitigated", first in FY2022-Q1. Latest entry: FY2024.
1 other company's latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「The removal of restrictions on personal activity accompanying the reclassification of COVID-19 as a Class 5 infectious disease has advanced the normalization of social and economic activity, with improvements seen in the employment and income environment, and the economy has been recovering moderately.」
The company described the normalization of social and economic activity resulting from COVID-19 being reclassified as a Class 5 infectious disease and the removal of restrictions on personal activity, indicating that the business-environment risk from the infectious disease was easing. - FY2024-Q3MitigatedAnnual report
「As COVID-19 was reclassified as a Class 5 infectious disease and social and economic activity continued to normalize, improvements were seen in the employment and income environment, and the economy has been recovering moderately.」
The company described the reclassification of COVID-19 as a Class 5 infectious disease and progress toward normalizing social and economic activity, indicating that the business-environment risk from the infectious disease was easing. - FY2024-Q1MitigatedAnnual report
「Although further progress was seen toward normalizing social and economic activity, including the reclassification of COVID-19 as a Class 5 infectious disease,」
The company described the reclassification of COVID-19 as a Class 5 infectious disease and progress toward normalizing social and economic activity, indicating that the business-environment risk from the infectious disease was easing. It did not state that the impact on student recruitment had been eliminated. - FY2023-Q3WorsenedAnnual report
「In the high school division, the resurgence of COVID-19 during the student recruitment periods at the end of the previous fiscal year, in summer (July and August), and in winter (November and December) also had an impact, resulting in a ¥581 million decline in revenue year on year.」
The resurgence of COVID-19 affected multiple student recruitment periods, with the impact expanding to a ¥581 million year-on-year decline in revenue in the high school division. - FY2023-Q2MaterialisedAnnual report
「In the high school division, the resurgence of COVID-19 during the student recruitment periods at the end of the previous fiscal year and in summer (July and August) also had an impact, resulting in a ¥99 million decline in revenue, down 0.7% year on year.」
The resurgence of COVID-19 actually affected the student recruitment period and appeared as a ¥99 million decline in revenue in the high school division. - FY2023-Q1MaterialisedAnnual report
「In the high school division, the impact of the COVID-19 pandemic during the previous fiscal year-end enrollment period remained, resulting in a ¥57 million year-on-year decline in revenue.」
The impact of the COVID-19 pandemic carried over from the previous fiscal year-end recruitment period and appeared in the current quarter as a ¥57 million year-on-year decline in revenue in the high school division. - FY2022RestatedAnnual report
「Although the Group continues its business activities after implementing stringent measures, the spread of infection could affect results, including by delaying student recruitment.」
While continuing business activities under infection-control measures, the company continues to identify the possibility of delays in student recruitment and an impact on results from the spread of infection as risks. - FY2022-Q3MitigatedAnnual report
「This was because Itoman Swimming School reported ¥977 million in revenue growth year on year, reflecting the decline in revenue caused by school closures in April and May 2020.」
In the cumulative third quarter, Itoman Swimming School reported ¥977 million in year-on-year revenue growth, partly reflecting the rebound from the decline in revenue caused by school closures the previous year. - FY2022-Q2MitigatedAnnual report
「During the cumulative second-quarter period of the previous fiscal year, ¥466 million in fixed costs and other expenses incurred while Itoman Swimming School suspended operations in April and May 2020 at the request of the national and local governments to prevent the spread of COVID-19 was reclassified as an extraordinary loss. Personnel expenses and other costs also declined due to measures such as school closures and shorter opening hours during the state of emergency. In the current fiscal year, however, these factors largely returned to normal, resulting in higher expenses, primarily personnel expenses.」
The company stated that the effects of school closures and suspended operations in the previous year had largely returned to normal during the current fiscal year. - FY2022-Q1MitigatedAnnual report
「During the quarter, regular classes were held at all of the Group's schools and other locations after thoroughly implementing infection-prevention measures.」
In contrast to the operational impact of school closures in the previous year, regular classes were held at all locations during the quarter with infection-prevention measures in place. - FY2021MaterialisedAnnual report
「Although Itoman Swimming School recorded a ¥1,492 million decline in revenue, mainly due to closures in April and May 2020 and a decline in new enrollments, revenue increased by ¥1,763 million in the high school division and ¥619 million in the elementary and junior-high school division.」
Closures and a decline in new enrollments caused by COVID-19 occurred throughout the fiscal year, resulting in a ¥1,492 million decline in revenue at Itoman Swimming School. - FY2021-Q3WorsenedAnnual report
「Although Itoman Swimming School recorded a ¥1,657 million decline in revenue, mainly due to closures in April and May 2020 and a decline in new enrollments, the high school division reported ¥652 million in revenue growth and the elementary and junior-high school division reported ¥316 million in revenue growth. As a result, performance improved substantially from the ¥1,633 million year-on-year decline in revenue for the cumulative second-quarter period.」
The decline in revenue at Itoman Swimming School due to closures and a decline in new enrollments amounted to ¥1,657 million, up from the previously disclosed impact of ¥1,458 million. Meanwhile, the high school and elementary and junior-high school divisions reported revenue growth. - FY2021-Q2WorsenedAnnual report
「The main factor was a ¥1,458 million decline in revenue at Itoman Swimming School due to its closure in April and May and the resulting decline in new enrollments.」
The decline in revenue attributable to the closure was specified as ¥1,458 million, an increase from the impact amount disclosed previously. For accounting purposes, ¥466 million in fixed costs and other expenses during the closure period was also recorded as an infectious-disease-related loss. - FY2021-Q1MaterialisedAnnual report
「This was because Itoman Swimming School saw a ¥1,225 million decline in revenue, mainly due to its closure in April and May, while in the high school and elementary and junior-high school divisions, students were able to continue their studies at home as planned by using the features of the company's learning system, which enables them to take video-based classes at home. In addition, new enrollments in home-based courses and Yotsuya Otsuka correspondence courses increased year on year, bringing revenue above the previous year's level.」
Itoman Swimming School recorded a ¥1,225 million decline in revenue due to closures in April and May. The company also disclosed that revenue in its education divisions was maintained and new students were acquired through online and correspondence courses. - FY2020First statedAnnual report
「In this division, revenue declined by ¥303 million due to the impact of Itoman Swimming School closing in March to prevent the spread of COVID-19, and both revenue and profit were below the previous year.」
The company stated that COVID-19 actually affected student recruitment and swimming-school operations during the fiscal year, resulting in a ¥303 million decline in revenue due to school closures. It also indicated the possibility of delays in future student recruitment and a decline in new enrollments.