Impact of COVID-19 on Business Operations and Performance
First written in FY2020. 6 of 17 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2025-H1.
Hayashikane Sangyo moved to the "Worse" side of this theme in 2020.
4 other companies' latest entry also says "Dropped".
- FY2025-H1DroppedAnnual report
「During the current interim consolidated fiscal period, Japan's economy recovered moderately, although some areas remained sluggish.」
The current filing does not describe any specific impact of COVID-19 on business operations or performance, or any risks specific to the disease. - FY2024SoftenedAnnual report
「During the current consolidated fiscal year, Japan's economy progressed toward normalization as COVID-19 was downgraded to Class 5, and the economy recovered moderately.」
The recognition has changed from deterioration of the business environment due to COVID-19 to normalization of the economy and economic recovery following the downgrade of COVID-19 to Class 5. - FY2024-Q3RestatedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, Japan's economy progressed toward normalization as COVID-19 was downgraded to Class 5, and the economy recovered moderately.」
The company continues to recognize the normalization of economic activity and economic recovery following the downgrade of COVID-19 to Class 5. - FY2024-Q1SoftenedAnnual report
「During the first quarter of the current consolidated fiscal year, Japan's economy progressed toward normalization of economic activity as COVID-19 was downgraded to Class 5, and the economy recovered moderately.」
The description has changed from the previous statement that the impact of COVID-19 remained to one stating that economic activity is normalizing and the economy is recovering following the downgrade of COVID-19 to Class 5. - FY2023SoftenedAnnual report
「During the current consolidated fiscal year, the impact of COVID-19 on Japan's economy diminished, consumption gradually moved toward normalization, and the economy recovered moderately.」
The description has changed to state that the impact of COVID-19 has diminished and consumption is moving toward normalization. - FY2023-Q3SoftenedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, Japan's economy began to show signs of recovery due to the easing of restrictions on movement under the coexistence with COVID-19 and the government's tourism support policies.」
The description has changed from a situation in which the impact of COVID-19 remained to one in which the economy began to show signs of recovery due to the easing of restrictions on movement and tourism support policies. - FY2023-Q2The simultaneous spread of COVID-19 and normalization of economic activityAnnual report
「During the first 2 quarters of the current consolidated fiscal year, Japan's economy gradually normalized economic activity and recovered moderately despite a resurgence of COVID-19.」
While the resurgence of COVID-19 is noted, the disclosure also adds that economic activity is gradually normalizing, indicating that continued impact and signs of easing are occurring simultaneously. - FY2023-Q1SoftenedAnnual report
「During the first quarter of the current consolidated fiscal year, Japan's economy showed signs of recovery as restrictions on economic activity were gradually eased, although the impact of COVID-19 remained.」
The description has changed to state that, although the impact of COVID-19 remains, restrictions on economic activity are gradually being eased and the economy is showing signs of recovery. - FY2022RestatedAnnual report
「COVID-19 has yet to be brought under control, and its impact on future business activities remains uncertain.」
The disclosure continues to state that business impacts, including weak food-service demand and stagnant sales activities, may remain because COVID-19 has not yet been brought under control. - FY2022-Q3Continued uncertainty due to the spread of new variantsAnnual report
「During the first 3 quarters of the current consolidated fiscal year, Japan's economy showed signs of recovery as the impact of COVID-19 gradually eased. However, the spread of a new variant virus began, and the outlook remains uncertain.」
Although the impact of COVID-19 is showing signs of easing, the spread of a new variant virus has begun, and the outlook remains uncertain. - FY2022-Q2MaterialisedAnnual report
「Sales volumes of processed meat products, including ham and sausages, declined due to the prolonged weakness in food-service demand.」
The weakness in food-service demand amid COVID-19 materialized during the quarter in the form of lower sales volumes of processed meat products. - FY2022-Q1MaterialisedAnnual report
「Revenue for the first quarter of the current consolidated fiscal year was ¥9,413 million, compared with ¥10,507 million in the same quarter of the previous year, as sales volumes of pork and processed fish products declined despite an increase in sales volumes of feed for farmed fish.」
Against a backdrop of weak food-service demand and easing stay-at-home demand amid COVID-19, lower sales volumes and lower revenue from pork and processed fish products have materialized. - FY2021MaterialisedAnnual report
「Regarding the impact of the spread of COVID-19, sales volumes of processed meat products for institutional use declined as food-service demand fell, while weaker demand for farmed fish led to lower seafood prices and lower sales volumes of feed for farmed fish. Although fixed costs declined, operating profit and ordinary profit decreased.」
The impact of COVID-19 has materialized in the form of lower sales volumes of processed meat products for institutional use and feed for farmed fish, lower seafood prices, and lower operating profit and ordinary profit. - FY2021-Q3MaterialisedAnnual report
「Revenue for the first 3 quarters of the current consolidated fiscal year was ¥35,573 million, up 0.1% year on year. This was mainly because sales volumes of prepared foods increased on stay-at-home demand, despite a decline in sales volumes of processed meat products for institutional use by the food-service and hotel industries.」
The impact of COVID-19 continued to materialize in the form of lower sales volumes of processed meat products for institutional use by the food-service and hotel industries. At the same time, the disclosure also notes an increase in sales volumes of prepared foods on stay-at-home demand. - FY2021-Q2MaterialisedAnnual report
「Sales of processed meat products, including ham and sausages, declined because lower food-service demand reduced sales volumes, resulting in lower revenue.」
The decline in food-service demand accompanying COVID-19 materialized during the quarter in the form of lower sales volumes and lower revenue from processed meat products for the food-service and hotel industries. - FY2021-Q1MaterialisedAnnual report
「Revenue for the first quarter of the current consolidated fiscal year was ¥10,507 million, down 0.05% year on year. This was despite an increase in sales volumes of food for home consumption as stay-at-home demand grew, mainly because sales volumes of processed meat products for institutional use by the food-service and hotel industries declined.」
The impact of COVID-19 has materialized in the form of lower sales volumes of processed meat products for institutional use by the food-service and hotel industries. Sales of food for home consumption also increased on stay-at-home demand. - FY2020First statedAnnual report
「COVID-19 has yet to be brought under control, and its impact on future business activities remains uncertain. Under the current circumstances, sales of processed products for institutional use and seafood are expected to decline because of weak demand from the food-service and hotel industries. For meat products, margins are expected to deteriorate as procurement costs rise due to higher pork prices. Sales of feed for farmed fish are also expected to decline because producers affected by weak seafood demand are likely to be impacted.」
The disclosure specifies the impact of COVID-19 on processed products for the food-service and hotel industries, seafood, meat products and feed for farmed fish. It also states that an impairment loss exceeding ¥200 million was recorded due to the decline in the stock market, indicating that some of the impact has already materialized.