Risk of Fluctuations in Demand, Economic Conditions and Costs Due to COVID-19
First written in FY2020. 6 of 15 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2025.
Megmilk Snow Brand 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.
37 other companies' latest entry also says "Dropped".
- FY2025DroppedAnnual report
「In preparation for a pandemic, once signs of an outbreak appear in society, we will thoroughly inform employees of the need for hygiene management to prevent infection and work to maintain business continuity.」
References to demand and economic risks specifically attributable to COVID-19 have been removed and reorganized as BCP and hygiene-management measures for infectious diseases generally. - FY2024SoftenedAnnual report
「In the food industry, restrictions related to COVID-19 have eased, and food-service demand is recovering, partly due to an increase in inbound demand.」
The demand and economic risks associated with the pandemic remain on the risk list, but the company describes the easing of restrictions and the recovery in food-service demand. - FY2024-Q1SoftenedAnnual report
「In the food industry, restrictions related to COVID-19 have eased, and food-service demand is recovering, partly due to an increase in inbound demand.」
Regarding the demand risk posed by COVID-19, the company describes the easing of restrictions and the recovery trend in food-service demand, indicating an improvement from the previously challenging demand environment. - FY2023SoftenedAnnual report
「In the food industry, restrictions related to COVID-19 have eased and demand for eating at home is beginning to settle, while food-service demand is recovering, partly due to an increase in inbound demand.」
Although the demand and economic risks associated with the pandemic continue to be recognized, the company also describes the easing of restrictions, the settling of demand for eating at home and the recovery trend in food-service demand. - FY2023-Q3RestatedAnnual report
「In addition, as the spread of COVID-19 continues, we have worked to prevent infections among employees and to maintain a stable supply of products that customers can use safely and with confidence.」
The company continues to recognize the ongoing spread of COVID-19 and its associated impact on stable supply. - FY2023-Q2RestatedAnnual report
「In addition, as the spread of COVID-19 continues, we have worked to prevent infections among employees and to maintain a stable supply of products that customers can use safely and with confidence.」
In response to the continued spread of COVID-19, the company continues to prevent employee infections and maintain a stable supply of safe, reliable products. - FY2023-Q1RestatedAnnual report
「In addition, as the spread of COVID-19 continues, we have worked to prevent infections among employees and to maintain a stable supply of products that customers can use safely and with confidence.」
The company continues to disclose the ongoing spread of COVID-19 and its response to preventing employee infections and maintaining a stable supply. - FY2022-Q3MaterialisedAnnual report
「In the food industry, the increase in demand for eating at home caused by the spread of COVID-19 in the previous fiscal year has settled this fiscal year. Food-service demand showed signs of recovery, but remains difficult due in part to the recent resurgence of infections.」
Changes in the demand structure caused by the pandemic continue. Although the increase in demand for eating at home has settled, the recovery in food-service demand has been constrained by the resurgence of infections. - FY2022-Q2MaterialisedAnnual report
「The Japanese economy during the first six months of the second quarter of the current fiscal year remained in a difficult situation due to the spread of COVID-19, although economic recovery is expected as measures such as vaccination programs progress. However, the outlook remains uncertain due to trends in infections in Japan and overseas and the impact on supply chains.」
The difficult economic environment caused by COVID-19 and uncertainty regarding infection trends and the impact on supply chains continue. - FY2022-Q1MaterialisedAnnual report
「In the food industry, the increase in demand for eating at home caused by the spread of COVID-19 in the previous fiscal year has begun to settle this fiscal year, while food-service demand remains in a difficult situation.」
Changes in the demand structure caused by COVID-19 continue. Although the increase in demand for eating at home has settled, the challenging conditions for food-service demand continue as part of the actual business environment. - FY2021MaterialisedAnnual report
「When demand for milk and dairy products fell sharply due to the suspension of school lunches and the decline in food-service demand, the company processed raw milk, including by increasing butter and skim milk powder production, to avoid its disposal and fulfill its supply-and-demand adjustment function.」
COVID-19 reduced demand for school lunches and food-service use, and the resulting decline in demand for milk and dairy products, raw-milk processing, and differences between household and commercial channels have emerged as full-year business outcomes. - FY2021-Q3RestatedAnnual report
「As demand for milk and dairy products fell sharply due to the suspension of school lunches and the decline in food-service demand, the company processed raw milk to avoid its disposal. Subsequently, as demand declined again, the company fulfilled its supply-and-demand adjustment function.」
The suspension of school lunches, the decline in food-service demand and the substantial decrease in demand for milk and dairy products caused by COVID-19 have continued to occur. - FY2021-Q2MaterialisedAnnual report
「In addition, as demand for milk and other products fell sharply following the suspension of school lunches and the decline in food-service demand, we processed raw milk to help balance supply and demand and avoid the disposal of raw milk.」
The suspension of school lunches, the decline in food-service demand and the substantial decrease in demand for milk and other products caused by COVID-19 also occurred during the quarter. - FY2021-Q1MaterialisedAnnual report
「As demand for milk and other products fell sharply due to the suspension of school lunches and the decline in food-service demand caused by the COVID-19 pandemic, the company processed raw milk to fulfill its supply-and-demand adjustment function and avoid the disposal of raw milk.」
The suspension of school lunches, the decline in food-service demand and the substantial decrease in demand for milk and other products caused by COVID-19 have occurred as actual business outcomes. - FY2020First statedAnnual report
「Within our group, measures to address COVID-19 have resulted in lower orders for milk products due to the suspension of school lunches and weaker demand for food ingredients for commercial use, while demand for household products has increased as opportunities for cooking and eating at home have grown. Although sales have risen or fallen depending on the sales channel, both the dairy products segment and the beverages and desserts segment have continued to perform without being significantly affected by COVID-19 at the segment level.」
The decline in demand for school lunches and food-service use and the increase in household demand caused by COVID-19 have occurred in practice. The risk list explicitly identifies the potential for a prolonged consumption slump, higher costs for raw materials and other items, and a material impact on business performance and financial condition.