Outlook for the fiscal year ending March 31, 2021
Following the recent spread of COVID-19, not only has the Japanese economy stagnated, but the entire global economy has been affected, and this difficult situation is expected to continue going forward.
Given the future uncertainty as to how long it will take until there is a full recovery, it is difficult at this point to rationally estimate the impact on the Group’s results, and consolidated earnings forecasts for the next fiscal year have not yet been decided. As soon as it becomes possible to disclose earnings forecasts, we will announce the figures.
Placing utmost priority on dedicating our efforts to the minimum required business operations until the current turmoil settles down, the Seibu Group is working to secure the necessary working capital while delivering services that bring “smiles and good spirits” to customers and society. Moreover, while placing utmost priority on dedicating our efforts to the minimum required business operations, we will continue to pursue key measures envisaged in the new medium-term management plan to every extent possible and press ahead with initiatives for structural reforms informed by our careful observations of how the people’s sense of values change in the post COVID-19 era. Through that approach, we plan to be hitting the ground running when normal operations resume.
For more details, please refer to the following materials;pp.5-12.
Notice Regarding the Cancellation of Formulation of "FY2020-FY2022 Seibu Group's Medium-term Management Plan" and Withdrawal of "FY2019-FY2021 Seibu Group's Medium-term Management Plan"