Substantial Curtailment of Business Activities Due to the Spread of COVID-19
First written in FY2020. 4 of 16 entries say "Softened", first in FY2023. Latest entry: FY2025-H1.
Kotobuki Spirits moved to the "Worse" side of this theme in 2024, 4 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
16 other companies' latest entry also says "Softened".
- FY2025-H1SoftenedAnnual report
「Socioeconomic activity moved further toward normalisation and remained on a moderate recovery trend, supported by improvements in employment and income conditions and a recovery in inbound demand.」
The situation has shifted from a substantial contraction in business activity due to the spread of COVID-19 to a recovery trend supported by the normalisation of socioeconomic activity and the recovery in inbound demand. - FY2024-Q3SoftenedAnnual report
「In addition, during the third quarter of the current consolidated fiscal year, the impact of restrictions on activities related to COVID-19 had run its course, and the effects of the reaction to the National Travel Assistance Programme launched in October 2022 were also observed.」
The impact of restrictions on activities related to COVID-19 was considered to have run its course, and the risk of a substantial contraction in business activity has moved into a stage of easing. Meanwhile, a reaction to the National Travel Assistance Programme has occurred. - FY2024-Q2RestatedAnnual report
「Socioeconomic activity began to show brighter signs as it moved further toward normalisation following the move of COVID-19 to Category 5 and the lifting of restrictions on activities, while inbound demand gradually recovered.」
The situation continues to move from a substantial contraction in business activity due to the spread of COVID-19 toward normalisation through the move to Category 5, the lifting of restrictions on activities and the recovery in inbound demand. - FY2024-Q1SoftenedAnnual report
「Socioeconomic activity began to show brighter signs as it moved further toward normalisation following the move of COVID-19 to Category 5 and the lifting of restrictions on activities, while inbound demand gradually recovered.」
The situation has shifted from a substantial contraction in business activity due to the spread of COVID-19 to a stage where socioeconomic activity is moving toward normalisation through the move to Category 5, the lifting of restrictions on activities and the recovery in inbound demand. - FY2023SoftenedAnnual report
「With the classification of COVID-19 under the Infectious Diseases Control Law being lowered to Category 5 and restrictions on activities lifted, socioeconomic activity is moving toward normalisation, including a recovery in inbound demand, and personal consumption is expected to recover.」
The situation has shifted from the previous risk of a substantial contraction in business activity due to the infectious disease to a stage where normalisation of socioeconomic activity and a recovery in demand are expected following the move to Category 5 and the lifting of restrictions on activities. - FY2023-Q3Recovery in people flows coexists with concerns about infection and rising pricesAnnual report
「As Japan entered its first summer season and year-end and New Year travel season in 3 years without restrictions on movement, and with the addition of the nationwide travel support programme launched in October last year and the easing of border-control measures, people flows generally recovered and showed signs of improvement. However, the outlook remained uncertain amid concerns that consumer sentiment would weaken due to latent anxiety about COVID-19 and inflation caused by surging raw material and energy prices.」
While the business environment shifted toward recovery as restrictions on activities and border-control measures were eased, latent concerns about the infectious disease and concerns about rising prices remained. - FY2023-Q2Recovery in mobility alongside concerns about a resurgence of infectionsAnnual report
「Although the number of people testing positive for COVID-19 rose again from mid-July through August, mobility generally recovered and signs of a rebound emerged as Japan entered its first Golden Week and summer season in 3 years without restrictions on activities.」
While the number of people testing positive rose again, mobility shifted toward recovery as restrictions on activities were eased and lifted, and signs of recovery emerged in the business environment. - FY2023-Q1Economic activity normalised while the end of the pandemic remained uncertainAnnual report
「Economic activity moved toward normalisation after the priority preventive measures were lifted nationwide in late March, and signs of recovery emerged, including the first Golden Week in 3 years without restrictions on activities. However, the end of the COVID-19 pandemic remained unforeseeable」
While the lifting of restrictions on activities indicated the normalisation and recovery of economic activity, the end of the COVID-19 pandemic was still considered unforeseeable. - FY2022Conditions worsened again with the Omicron variant after the recoveryAnnual report
「In the second half of the fiscal year, business activity remained on a recovery trend as restrictions on movement and requests to refrain from going out were eased following the lifting of the declaration at the end of September last year. However, the new Omicron variant spread rapidly from the beginning of the year, resulting in another difficult operating environment.」
While conditions shifted toward recovery in the second half of the fiscal year, the business environment became difficult again as the Omicron variant spread at the beginning of the year. - FY2022-Q3Business activity shifted toward recovery, while concerns about a resurgence continuedAnnual report
「The Group was forced to make substantial production adjustments through September because inbound demand disappeared and people refrained from nonessential, nonurgent outings, returning to their hometowns and traveling. From October onward, production gradually moved toward recovery as travel restrictions and requests to refrain from going out were eased.」
While the impacts of the disappearance of inbound demand, requests to refrain from going out and production adjustments continued through September, business activity gradually shifted toward recovery from October onward as restrictions were eased. The impact of the infectious disease on business actually occurred. - FY2022-Q2RestatedAnnual report
「Our Group also remains in a difficult operating environment, having been forced to make substantial production adjustments due not only to the disappearance of inbound demand but also to requests to refrain from nonessential and nonurgent outings, returning home and travelling.」
The disappearance of inbound demand, restrictions on movement and the impact on sales and production caused by the spread of the infection continue to be reported. - FY2022-Q1WorsenedAnnual report
「COVID-19 continues to subside and spread repeatedly across Japan, and the situation remains unpredictable, with declarations of a state of emergency and the application of priority preventive measures being imposed intermittently.」
In addition to the repeated ebb and flow of infections, declarations of a state of emergency and priority preventive measures have been applied intermittently, and the severe business environment has continued. - FY2021-Q3Signs of recovery coexist with a renewed spread of the infectionAnnual report
「Although signs of recovery emerged in the latter part of the period, supported by the resumption of economic activity following the lifting of the state of emergency and the effects of the government’s Go To Travel Campaign, infections continued to subside and spread repeatedly, and conditions remained unpredictable.」
While signs of recovery through the resumption of economic activity and other measures emerged amid the severe business environment caused by the spread of the infection, uncertainty, including the risk of a resurgence of infections, has continued. - FY2021-Q2RestatedAnnual report
「Major sales channels all struggled due to the substantial decline in demand for souvenirs at transport hubs such as stations, airports and service areas.」
The decline in demand for souvenirs at transport hubs and the difficulties faced by major sales channels due to the spread of the infection have continued. - FY2021-Q1WorsenedAnnual report
「The spread of COVID-19 not only eliminated inbound demand, but also led to a rapid contraction in consumption following the government’s declaration of a state of emergency covering all prefectures in April this year. An unprecedentedly severe business environment has continued.」
The impact of the spread of the infection has become increasingly evident in the disappearance of inbound demand, the rapid contraction in consumer activity, a substantial decline in major sales channels and production adjustments. - FY2020First statedAnnual report
「In response to the declaration of a state of emergency by the government concerning COVID-19, which had spread worldwide, our Group was also forced to significantly scale back its business activities.」
The spread of COVID-19 actually caused impacts including calls to refrain from going out, facility closures, a decline in inbound visitors, a sharp drop in sales channels and production adjustments.