Impact of the Spread of COVID-19 on Revenue
First written in FY2020. 9 of 21 entries say "Softened", first in FY2023-Q1. Latest entry: FY2026.
Morozoff Limited moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
27 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「The global spread of a new infectious disease could lead to restrictions on people's movement, store closures and factory shutdowns. The group maintains strict hygiene controls under its company-wide quality assurance system and has established a BCP (business continuity plan) assuming a new infectious disease. Based on these measures, we will work to prevent the spread of infection.」
The wording has changed from the previous description, which was limited to COVID-19, to cover risks associated with future new infectious diseases generally and the related BCP response. - FY2026-H1SoftenedAnnual report
「Employment and income conditions continued to improve, and the economy recovered gradually.」
Without expressly describing the impact of the spread of COVID-19 or activity restrictions, the company describes improvements in employment and income conditions and an economic recovery, further weakening the language used for this risk. - FY2025-H1SoftenedAnnual report
「During the interim consolidated accounting period, the environment surrounding the group was characterized by further normalization of socioeconomic activity and improvements in employment and income conditions, and the economy recovered gradually.」
Without expressly describing the impact of the spread of COVID-19 or activity restrictions on sales, the company describes further normalization of socioeconomic activity and an economic recovery, further weakening the language used for this risk. - FY2025-Q1SoftenedAnnual report
「The economy recovered gradually as personal consumption picked up, supported by the recovery in foot traffic accompanying the normalization of social activity and improvements in employment and income conditions.」
Without expressly describing the impact of the spread of COVID-19 or activity restrictions on sales, the company describes the normalization of social activity, recovery in foot traffic and a pickup in personal consumption, further weakening the language used for this risk. - FY2024SoftenedAnnual report
「As COVID-19 moved to Category 5 and activity restrictions were eased, socioeconomic activity moved toward further normalization. The economy also recovered gradually as inbound demand increased.」
The company describes the normalization of socioeconomic activity and recovery in inbound demand following the reclassification of COVID-19 to Category 5 and the easing of activity restrictions, using even weaker language for the impact of the disease on sales. - FY2024-Q3SoftenedAnnual report
「During the cumulative third-quarter period, the environment surrounding the group was characterized by further normalization of socioeconomic activity as COVID-19 moved to Category 5 and activity restrictions were eased. The economy is recovering gradually, supported by increases in personal consumption and inbound demand.」
The company describes further normalization of socioeconomic activity and increases in personal consumption and inbound demand following the reclassification of COVID-19 to Category 5 and the easing of activity restrictions, using even weaker language for the impact of the disease on sales. - FY2024-Q2SoftenedAnnual report
「During the cumulative second-quarter period, the environment surrounding the group was characterized by further normalization of socioeconomic activity as COVID-19 moved to Category 5 and activity restrictions were eased. The economy was on a gradual recovery trend, with personal consumption and inbound demand recovering.」
The company describes the normalization of socioeconomic activity and the recovery of personal consumption and inbound demand following the reclassification of COVID-19 to Category 5 and the easing of activity restrictions, using even weaker language for the impact of the disease on sales. - FY2024-Q1SoftenedAnnual report
「As activity restrictions related to COVID-19 were eased, foot traffic generally recovered. Personal consumption also gradually recovered as a result, although」
The company emphasizes the easing of activity restrictions, recovery in foot traffic and recovery in personal consumption, using weaker language for the impact of the spread of infections on sales than in the previous fiscal year. At the same time, uncertainty due to egg shortages and higher prices continues. - FY2023RestatedAnnual report
「In terms of sales, Valentine's Day, the largest sales season for the group, was affected by the peak of the sixth wave of COVID-19 infections in February, but sales began to recover from April onward. Although there were seventh and eighth waves of infections in August and around the year-end and New Year holidays, respectively, the resumption of the nationwide travel subsidy program from October and the phased easing of activity restrictions based on infection-control measures led to a recovery in foot traffic. Personal consumption was also strong in the second half, bringing sales for the fiscal year to ¥32,505 million.」
While describing the impact of the sixth, seventh and eighth waves on sales seasons, the company also indicates that personal consumption was strong in the second half due to the easing of activity restrictions and the recovery in foot traffic, presenting both the impact of COVID-19 and the recovery. - FY2023-Q3SoftenedAnnual report
「In terms of sales, Valentine's Day, the company's largest sales season, was affected by the peak of the sixth wave of COVID-19 infections in February. However, sales began to recover from April onward, and the impact of the seventh wave was limited as the response shifted toward maintaining social activity.」
Although the sixth wave affected the Valentine's Day sales season, the company describes a recovery in sales from April onward and a limited impact from the seventh wave, indicating that the impact of the spread of infections had weakened from the previous quarter. - FY2023-Q2WorsenedAnnual report
「However, the outlook remained uncertain amid rising prices resulting from surging raw material and energy prices, as well as a sharp increase in COVID-19 cases in July.」
While the company describes the normalization of economic activity and a recovery in sales, uncertainty surrounding the business environment due to COVID-19 has again increased because of the sharp rise in infections in July and higher prices. - FY2023-Q1SoftenedAnnual report
「Valentine's Day in February was sluggish because it coincided with the peak period for infections caused by the Omicron variant. However, sales gradually recovered as foot traffic increased after the priority preventive measures were lifted from March onward.」
Although the Omicron variant continued to affect the Valentine's Day sales season, the company states that foot traffic and sales gradually recovered after the priority preventive measures were lifted, softening the description of the impact from the emphasis on renewed deterioration at the end of the previous fiscal year. - FY2022WorsenedAnnual report
「Personal consumption began to recover after the repeated states of emergency were lifted at the end of September and restrictions on travel and outings were eased. However, the rapid spread of the new Omicron variant strengthened the tendency to refrain from going out, and conditions again became difficult.」
Although consumption recovered after restrictions were eased, the rapid spread of the Omicron variant strengthened the tendency to refrain from going out, and the sales environment became difficult again. - FY2022-Q3RestatedAnnual report
「In terms of sales, sales during the February Valentine's Day season declined due to the impact of the second state of emergency. Sales from August to September were also weak due to the fourth state of emergency, declared from July, and the rapid spread of infections caused by variant strains. However, sales also recovered from the rebound effect following the first state of emergency in April and May of the previous year and increased foot traffic from October onward, bringing sales for the cumulative third-quarter period to ¥16,386 million, up 4.1% year on year.」
Although the fourth state of emergency and variant strains continued to affect sales, the company also describes a recovery driven by the rebound from the previous year and increased foot traffic, indicating that sales risks from the COVID-19 pandemic continued. - FY2022-Q2WorsenedAnnual report
「In the Western confectionery industry, personal consumption showed some signs of recovery compared with the previous year, when the first state of emergency was declared. However, conditions remained difficult as rising infection numbers and pressure on the healthcare system led to repeated declarations of states of emergency and priority preventive measures, restricting travel and outings.」
Although some recovery was seen from the previous year, travel and outings were restricted by rising infection numbers, pressure on the healthcare system, and repeated declarations of states of emergency and priority preventive measures, and difficult conditions continued. - FY2022-Q1WorsenedAnnual report
「In the Western confectionery industry, personal consumption showed some signs of recovery compared with the previous year. However, conditions again became difficult due to the closure of commercial facilities, shortened operating hours and requests to refrain from nonessential and nonurgent outings following the issuance of the third state of emergency.」
The company states that the industry's difficult conditions continued again due to the third state of emergency declared amid the spread of COVID-19, commercial facility closures and shortened operating hours, and requests to refrain from going out. - FY2021WorsenedAnnual report
「After the state of emergency was lifted in late May, personal consumption began to recover, but conditions remained extremely difficult, with no return to pre-pandemic levels due to the entrenchment of consumption behaviors aimed at avoiding the “Three Cs” and the repeated renewed spread of infections.」
Difficult conditions continued due to the renewed spread of infections and the entrenchment of new consumption behaviors. Full-year sales fell 13.0% year on year, while operating profit fell 55.1%. - FY2021-Q3WorsenedAnnual report
「After the state of emergency was lifted in late May, personal consumption began to recover, but the pace of recovery remained slow and conditions continued to be difficult due to changes in consumption habits under the new lifestyle and the renewed spread of infections.」
Difficult conditions continued due to the renewed spread of infections and changes in consumption habits. Company-wide sales fell 16.1% year on year, resulting in an operating loss of ¥777 million. - FY2021-Q2WorsenedAnnual report
「The Western confectionery industry was also severely affected by requests to refrain from going out and the closure of commercial facilities following the state of emergency declared in early April. Although the lifting of the state of emergency from late May led to signs of a recovery in personal consumption, the pace of economic recovery remained slow and conditions continued to be difficult due to changes in consumption habits under the new lifestyle and the renewed spread of COVID-19.」
The impact of commercial facility closures and requests to refrain from going out due to the spread of COVID-19 continued, while the renewed spread of infections, changes in consumption habits under the new lifestyle, and the slowdown in recovery were additionally described. - FY2021-Q1MaterialisedAnnual report
「The spread of COVID-19 has affected our business activities. We will continue to monitor the situation closely and take measures in response.」
The company states that the impact of the spread of COVID-19, which was described as a concern in the previous fiscal year, actually affected business activities, commercial facility operations, product sales, and its café and restaurant business. Company-wide sales fell 17.4% year on year. - FY2020First statedAnnual report
「For the fiscal year ending January 2021, sales are a concern due to department store closures and the impact of the spread of COVID-19.」
The company has for the first time described the impact of the spread of COVID-19 on sales as a new risk of concern for the fiscal year ending January 2021.