Business Impact of the Global Spread of COVID-19
First written in FY2020. 7 of 16 entries say "Restated". Latest entry: FY2024.
S Foods 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.
51 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「As the coronavirus pandemic came to an end, the Japanese economy also moved onto a recovery path」
It was stated that the end of the pandemic and a recovery trend had emerged in relation to its impact on society and the economy, and that the previous risks had weakened. - FY2024-Q2MitigatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, the Japanese economy was gradually recovering as economic activity that had stagnated during the pandemic began to pick up.」
It was stated that economic activity, which had stagnated during the pandemic, was picking up and gradually moving toward recovery. - FY2024-Q1MitigatedAnnual report
「During the first quarter of the current consolidated fiscal year, the Japanese economy appeared to be generally on a recovery path as the impact of the coronavirus pandemic weakened and social life gradually returned to normal.」
It was recognized that the impact of COVID-19 had weakened and that social life was gradually returning to normal. - FY2023MitigatedAnnual report
「The disruption caused by the coronavirus pandemic, which troubled Japanese society for more than 3 years, has finally begun to subside. Activity is gradually returning to the streets, and industries affected by the pandemic also appear to be rebuilding their businesses.」
It was stated that signs of stabilization and recovery had emerged in the social and economic disruption caused by COVID-19, and that its previous impact had weakened. - FY2023-Q3RestatedAnnual report
「During the nine months ended the third quarter, there were no new matters among those relating to the business and accounting conditions described in the quarterly report that could materially affect investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year. The spread of COVID-19 may, depending on how the situation develops, affect the Group's business activities and ability to secure earnings.」
While stating that there were no material changes to the business and other risks, the disclosure continued to state that COVID-19 could affect business activities and the ability to secure earnings. - FY2023-Q2RestatedAnnual report
「During the six months ended the second quarter, infections caused by a new variant spread rapidly, but the government did not impose restrictions on activity, and economic activity was gradually recovering.」
The disclosure described the situation in which infections caused by a new variant continued to spread rapidly while there were no restrictions on activity and economic activity was recovering, and continued to state that COVID-19 could affect business activities and the ability to secure earnings. - FY2023-Q1RestatedAnnual report
「During the three months ended the first quarter, there were no new matters among those relating to the business and accounting conditions described in the quarterly report that could materially affect investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year. The spread of COVID-19 may, depending on how the situation develops, affect the Group's business activities and ability to secure earnings.」
While stating that there were no material changes to the business and other risks, the disclosure continued to state that COVID-19 could affect business activities and the ability to secure earnings. - FY2022RestatedAnnual report
「Although there is considerable uncertainty regarding when the effects of COVID-19 will end, accounting estimates, including impairment of fixed assets, have been made on the assumption that the effects will continue for a certain period from the next consolidated fiscal year onward, but will gradually recover. If the effects of COVID-19 persist for an extended period, they may materially affect future consolidated financial statements.」
The disclosure continued to describe the possibility that the effects of COVID-19 would continue for a certain period and the risk of financial impacts if the situation persisted for an extended period. - FY2022-Q3RestatedAnnual report
「During the nine months ended the third quarter, there were no new matters among those relating to the business and accounting conditions described in the quarterly report that could materially affect investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year. The spread of COVID-19 may, depending on how the situation develops, affect the Group's business activities and ability to secure earnings.」
While stating that there were no material changes to the business and other risks, the disclosure continued to state that COVID-19 could affect business activities and the ability to secure earnings. - FY2022-Q2RestatedAnnual report
「During the six months ended the second quarter, social life in Japan continued to be subject to severe restrictions because states of emergency and priority preventive measures issued to contain COVID-19 remained in place for an extended period and across a wide area.」
The disclosure continued to describe the impact of COVID-19 on the business environment and the possibility that further spread of the disease could affect business activities and the ability to secure earnings. - FY2022-Q1RestatedAnnual report
「During the three months ended the first quarter, there were no new matters among those relating to the business and accounting conditions described in the quarterly report that could materially affect investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year. The spread of COVID-19 may, depending on how the situation develops, affect the Group's business activities and ability to secure earnings.」
While stating that there were no material changes to the business and other risks, the disclosure continued to state that the spread of COVID-19 could affect future business activities and the ability to secure earnings. - FY2021MaterialisedAnnual report
「In the food service business for meat and other products, the business environment has remained difficult, as many stores in the Tokyo metropolitan area and other major metropolitan areas were forced to close or operate shorter hours due to the state of emergency issued in April and the resurgence of infections from November onward.」
The resurgence of infections and states of emergency led to continued store closures and shorter operating hours in the food service business, with the impact becoming evident in lower sales and the recording of a loss. - FY2021-Q3MaterialisedAnnual report
「③ Meat and Other Foodservice Business Revenue was ¥3.662 billion, down 38.6% year on year, while the segment posted a loss of ¥286 million, compared with a profit of ¥248 million in the third quarter of the previous fiscal year.」
The continuing effects of COVID-19 became evident in the food service business as a substantial decline in revenue and a shift from profit in the same period of the previous year to a loss. - FY2021-Q2MaterialisedAnnual report
「In the meat industry, the food service business suffered devastating damage, while the retail business remained relatively resilient.」
The effects of COVID-19 became evident as differences between business formats, with devastating damage in food service and relative resilience in retail. - FY2021-Q1MaterialisedAnnual report
「As a result, for the first quarter of the fiscal year under review, net sales were ¥77.531 billion, down 10.1% year on year, operating profit was ¥1.894 billion, down 23.3%, ordinary profit was ¥1.63 billion, down 35.5%, and net profit attributable to owners of the parent was ¥1.177 billion, down 20.6%, owing in part to lower selling prices resulting from the impact of COVID-19.」
The actual effects on performance of COVID-19, first identified as a risk in FY2020, were described as lower selling prices, declining revenue and lower profit. - FY2020First statedAnnual report
「Since the first cases of COVID-19 were confirmed in China at the end of 2019, the disease has continued to spread worldwide. If the situation persists for an extended period, it may affect the performance and financial position of the Group.」
The global spread of COVID-19 was identified for the first time as an independent risk that could affect performance and financial position.