Impact on target achievement from the spread of COVID-19 and postponement of the Tokyo 2020 Games
First written in FY2019. 3 of 12 entries say "Restated". Latest entry: FY2023-Q2.
Coca-Cola Bottlers Japan 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.
51 other companies' latest entry also says "Mitigated".
- FY2023-Q2MitigatedAnnual report
「In making accounting estimates, we have assumed that the impact of COVID-19 on the business activities and other operations of the Group will be limited, as movement restrictions have been eased and economic activity is moving toward normalisation.」
Regarding COVID-19, the accounting assumption changed to limited impact on business activities, reflecting the easing of movement restrictions and the normalisation of economic activity. - FY2022MitigatedAnnual report
「Although the number of COVID-19 cases in Japan reached a record high, the government did not impose restrictions on movement, allowing a certain level of foot traffic to be maintained and enabling the Company to mitigate the impact on its business.」
Although the number of COVID-19 cases remained high, the impact on the beverage business was mitigated because movement restrictions were not imposed and foot traffic was maintained, according to the disclosure. - FY2022-Q3MitigatedAnnual report
「Although the number of COVID-19 cases in Japan reached a record high, the government did not impose restrictions on movement, allowing a certain level of foot traffic to be maintained and enabling the Company to mitigate the impact on its business.」
Although the number of cases remained high, the impact on the business during the quarter was mitigated because movement restrictions were not imposed and foot traffic was maintained, according to the disclosure. - FY2022-Q2SoftenedAnnual report
「During the second quarter of the current consolidated fiscal period (1 April 2022 to 30 June 2022, hereinafter the “second quarter”), the impact of COVID-19 on the business showed some signs of settling as a result of the easing of various government restrictions and other factors.」
The disclosure states that the impact of COVID-19 on the business showed some signs of settling as various government restrictions were eased, indicating that the uncertainty seen through the previous period has eased to some extent. - FY2022-Q1RestatedAnnual report
「Due to the spread of the Omicron variant, priority preventive measures were imposed on 9 January 2022 and remained in place through 21 March 2022. As the government implemented measures to prevent the spread of infection, including reduced business hours for restaurants and requests to refrain from nonessential outings and travel, uncertainty about the outlook for beverage sales continued during the first quarter.」
We have reconfirmed our view that uncertainty about the outlook for beverage sales continues due to the spread of the Omicron variant and the priority preventive measures. - FY2021-Q3RestatedAnnual report
「On 12 July, the government declared the fourth state of emergency of the year, which continued through 30 September, including during the Tokyo 2020 Olympic and Paralympic Games. The government implemented measures to prevent the spread of infection, including shorter operating hours for restaurants and requests to refrain from nonessential outings and travel. As a result, uncertainty about beverage business sales continued in the third quarter.」
The fourth state of emergency continued through the end of September, and uncertainty about beverage sales persisted due to shorter restaurant operating hours and requests to refrain from going out. - FY2021-Q2RestatedAnnual report
「On 25 April, the government declared the second state of emergency of the year, which continued through 20 June. As part of the state of emergency, the government implemented additional measures to prevent the spread of infection, including shorter operating hours for restaurants and requests to refrain from holding large-scale events. As a result, uncertainty about beverage business sales continued in the second quarter.」
The second state of emergency and restrictions on restaurants and events continued to create uncertainty over the impact of COVID-19 on beverage sales. - FY2021-Q1WorsenedAnnual report
「Uncertainty about the outlook for beverage business sales also increased in the first quarter.」
For COVID-19, the state of emergency declared in January 2021, shorter restaurant operating hours and restrictions on events continued, increasing uncertainty about the outlook for beverage sales. - FY2020-Q3WorsenedAnnual report
「The spread of COVID-19, centered on April and May, temporarily subsided. However, infections rose again from July through August, and beverage sales declined as the government continued measures to prevent the spread of infection, including shorter business hours for restaurants and requests to refrain from holding large-scale events. In addition, costs for COVID-19 prevention measures have increased, and an impact on earnings is expected.」
After temporarily subsiding, the impact of COVID-19 intensified again in July and August, leading to lower beverage sales and higher prevention costs through shorter restaurant operating hours and calls to refrain from holding events. - FY2020-Q2MaterialisedAnnual report
「The beverage business sales volume fell 18% in the second quarter and 11% in the first half, due to the impact of the state of emergency and the decision to postpone the Olympics, among other factors.」
The effects of COVID-19 and the state of emergency, among other factors, appeared in actual results as an 18% second-quarter and 11% first-half decline in beverage sales volume, a 10.8% decline in revenue and a business loss of ¥5,539 million. - FY2020-Q1MaterialisedAnnual report
「Although performance was generally in line with plan in January and February, the impact of the spread of COVID-19 in March resulted in a consolidated business loss of ¥6,534 million, compared with a consolidated business loss of ¥4,059 million in the same period of the previous year.」
The COVID-19 risk newly identified in the previous fiscal year affected actual performance and plans through a decline in sales volume in March, an expansion of the business loss and the suspension of the full-year earnings forecast. - FY2019First statedAnnual report
「However, macroeconomic uncertainty resulting from the spread of the novel coronavirus and the decision to postpone the Tokyo 2020 Olympic and Paralympic Games to 2021 are expected to affect achievement of the targets.」
The company cites macroeconomic uncertainty caused by the spread of COVID-19 and postponement of the Tokyo 2020 Games as new factors that could affect achievement of the 2020 targets.