This year the COVID-19 pandemic struck this world and caused an immense loss both in terms of life and money. To avoid any further loss several ceremonies cancelled by authorities, and various performances turned into a virtual one. Now, when there is no room for any physical event in the near future lot of organizing companies are in loss.
Among those companies, one is Pia Sōken. It is one of the famous Japanese live entertainment company, responsible to provide live events such as concerts, shows and various other performances. Recently at the end of the previous month, the company released its report about the loss it has had to face this year. According to the report released on June 30, the company had a significant loss.
The total revenue of the company for the year is approx. 180 billion yen, in more precise term it is 183.6 billion yen. The income is much less than the last year, which was 629.5 billion yen. The difference between the revenues of two year is 445.9 billion yen.
This much difference is impossible to attain for any highly rated organization but, all the credits go to COVID-19 and the scenarios it created. In terms of percentage, the loss that the company had to face this year is 70%.
According to the source, there is a graph showing the revenues that the company had achieved in its last 11 years. The chart starts from the year 2010 and according to the diagram, it is the biggest drop that Pia Sōken has faced till yet. The event organizing company which was in ascending order for the last three consecutive years and 2020 could be its 4th successful year. But, in the meantime, the pandemic hit this world and ceased most of the workings and events.