Business and Demand Impacts of Infectious Diseases such as COVID-19
First written in FY2020. 5 of 11 entries say "Restated". Latest entry: FY2024-Q1.
Itoham Yonekyu Holdings 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.
52 other companies' latest entry also says "Mitigated".
- FY2024-Q1MitigatedAnnual report
「As social and economic activity normalized following the reclassification of COVID-19 as a Class 5 disease, consumption showed some signs of recovery and the economy entered a gradual recovery trend.」
Regarding COVID-19, it describes the recovery in consumption accompanying the reclassification of the disease as a Class 5 disease and the normalization of social and economic activity, indicating that the impact of the previous activity restrictions has eased to some extent. - FY2023RestatedAnnual report
「If the timing of the end of COVID-19 and its impact on the economic environment change, they may affect the Group's financial position, results of operations and cash flows from the next consolidated fiscal year onward.」
While judging the impact of the infectious disease to be limited, it continues to treat uncertainty over when it will end and its impact on the economic environment as risks. - FY2023-Q1RestatedAnnual report
「Under these circumstances, the Group is conducting its business by implementing product and sales strategies that respond accurately and promptly to changes in society, and by continuing thorough infection-control measures to fulfill its supply responsibilities as a food manufacturer, maintain a safe and secure environment in which each employee can pursue diverse working arrangements, and ensure business continuity.」
While social and economic activity is moving toward normalization, it has reaffirmed its policy of continuing infection-control measures and working to ensure employee safety and business continuity. - FY2022RestatedAnnual report
「If the timing of the end of COVID-19 and its impact on the economic environment change, they may affect the Group's financial position, results of operations and cash flows from the next consolidated fiscal year onward.」
Although the impact of the infectious disease is showing signs of easing and normalization to some extent, uncertainty over when it will end and its impact on the economic environment remains a risk. - FY2022-Q3WorsenedAnnual report
「Although the challenging situation caused by the infectious disease had been gradually easing, infections from a new variant have recently spread rapidly, leaving the outlook uncertain.」
It states that, after a period in which the challenging situation caused by the infectious disease was easing, the rapid spread of a new variant has made the outlook uncertain, indicating that uncertainty surrounding infectious disease risk has risen again. - FY2022-Q2RestatedAnnual report
「The Japanese economy remained in a challenging situation during the six months ended 30 September, due to the impact of COVID-19.」
It states that the impact of COVID-19 on the economic and business environment continues. - FY2022-Q1RestatedAnnual report
「Amid restrictions on social and economic activity caused by COVID-19, the challenging situation continues.」
It states that restrictions on social and economic activity caused by COVID-19 and the challenging business environment continue. It also indicates that thorough infection-control measures are being taken and workplace vaccinations have begun. - FY2021-Q3WorsenedAnnual report
「Regarding the impact of COVID-19, we had assumed that it would continue through the first half of the fiscal year ending March 2021, but it remains unclear when the situation will subside. We will continue to monitor the impact of COVID-19 on the Group's results.」
It states that, beyond the previous assumption that the impact would continue through the first half of the fiscal year ending March 2021, it remains unclear when the situation will subside, indicating that the infectious disease risk is becoming prolonged and remains uncertain. - FY2021-Q2MaterialisedAnnual report
「In the domestic business, sales to mass retailers performed well as demand for eating at home increased with more meals being prepared at home. However, net sales declined because of lower operating rates at overseas suppliers resulting from the spread of COVID-19 and weaker demand from the food-service industry.」
The spread of COVID-19 actually resulted in lower utilization at overseas suppliers, weaker demand from restaurants and lower net sales in the domestic meat business. Meanwhile, sales to mass retailers were strong, supported by demand for at-home consumption. - FY2021-Q1MaterialisedAnnual report
「Across the meat business, the decline in sales to the restaurant industry and department stores due to the spread of COVID-19 had a significant impact. Although sales to supermarkets and other mass retailers increased, the business environment remained challenging.」
It states that the decline in sales to the restaurant industry and department stores due to COVID-19 emerged as an actual operating impact on the meat business, while sales to mass retailers increased. - FY2020First statedAnnual report
「Regarding the current spread of COVID-19, since February 2020 we have taken measures centered on the Crisis Management Committee to ensure employee safety and maintain business continuity. Regarding the impact on the Group's results, we have disclosed our earnings forecasts based on the assumption that, through the first half of the fiscal year ending March 2021, demand for household products would expand as people stayed home, while demand for products for commercial use, mainly for restaurants, would decline, store operations would be affected by closures and shortened hours resulting from requests for tenants to suspend operations, and imports would decline and prices fluctuate because of production slowdowns at overseas suppliers. If these effects continue for an even longer period, they may affect the Group's results.」
In response to the spread of COVID-19, it identifies increased household demand, declining commercial demand from restaurants, store closures and disruptions in overseas procurement as new business risks. Although the spread of the disease had already occurred, the potential for a prolonged impact on results is treated as a future risk.