The Tokyo Olympics and Paralympics organizing committee on Saturday denied a Financial Times report that Japanese sponsors have called for the games to be postponed to a September-October period amid the COVID-19 pandemic.

"There is no such demand," the organizers said in reaction to the report, which claimed some sponsors have been calling for a postponement of a few months to allow more spectators to attend and heighten the marketing impact of their investment as sponsors.

The report cited sources close to the matter as saying the proposal was made to organizers by some sponsors in recent weeks, with 47 Japanese companies having collectively paid more than $3 billion for the games.

The report also said the sponsors were told by the Japanese Olympic Committee in April that the decision on allowing spectators would not be made until the last possible moment, possibly June 24. The Olympic opening ceremony is set for July 23.