Impact of the COVID-19 pandemic on business and financial performance
First written in FY2020. 8 of 17 entries say "Restated". Latest entry: FY2026.
San-A 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.
50 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「With respect to new infectious diseases, we will work to prevent their spread, including by recommending basic infection-control measures during periods of prevalence, while responding to changes in customers’ values and needs and working to minimize the impact of COVID-19 as much as possible.」
The company continues to address the risk of business impacts from large-scale outbreaks of COVID-19 and other infectious diseases through basic infection-control measures during periods of prevalence. - FY2024ReframedAnnual report
「A large-scale outbreak of COVID-19 or other infectious diseases could disrupt the business activities of the Group, including employee infections and the temporary closure of stores, and could affect its financial position and operating results.」
The wording has been broadened from the previous focus on COVID-19 to “new infectious diseases, etc.,” identifying employee infections and temporary store closures as risks. - FY2024-Q3RestatedAnnual report
「During the nine-month period ended 30 November 2023 (1 March 2023 to 30 November 2023), Japan’s economy showed signs of moving toward normalization of economic activity as restrictions on activities related to COVID-19 were eased, but」
While noting the easing of restrictions on movement related to COVID-19 and the movement toward normalization of economic activity, the company continues to refer to the uncertain business environment, including infectious diseases. - FY2024-Q2RestatedAnnual report
「During the six-month period ended 31 August 2023 (1 March 2023 to 31 August 2023), Japan’s economy showed signs of moving toward normalization of economic activity as restrictions on activities related to COVID-19 were eased, but」
It continues to refer to an uncertain operating environment, including infectious disease, while noting that restrictions on activities related to COVID-19 were eased and signs emerged that economic activity was moving toward normalization. - FY2024-Q1SoftenedAnnual report
「Although restrictions on activities related to the spread of COVID-19 were eased and signs emerged that economic activity was moving toward normalization,」
It states that restrictions on activities related to COVID-19 were eased and that the previously reported impact involving operating restrictions had weakened. At the same time, references to an uncertain operating environment, including infectious disease, continue. - FY2023-Q3RestatedAnnual report
「In Okinawa Prefecture’s retail industry, signs of a gradual recovery emerged owing to the rebound from the state of emergency and other measures implemented following the spread of COVID-19 since April of the previous year, increased apparel sales as opportunities to go out grew, and tourist arrivals exceeding the previous year. Looking ahead, the operating environment remains uncertain due to high prices and the effects of COVID-19, among other factors.」
It continues to recognize, as in the previous quarter, a gradual recovery driven by more opportunities to go out and tourist arrivals exceeding the previous year, alongside an uncertain environment in which high prices and the effects of COVID-19 remain. - FY2023-Q2ReframedAnnual report
「In Okinawa Prefecture’s retail industry, signs of a gradual recovery emerged owing to the rebound from the state of emergency and other measures implemented following the spread of COVID-19 since April of the previous year, increased apparel sales as opportunities to go out grew, and tourist arrivals exceeding the previous year. Looking ahead, the operating environment remains uncertain due to high prices and the effects of COVID-19, among other factors.」
It describes a gradual recovery driven by more opportunities to go out and tourist arrivals exceeding the previous year, while characterizing the environment as uncertain because high prices and the effects of COVID-19 remain. - FY2023-Q1ReframedAnnual report
「In Okinawa Prefecture’s retail industry, signs of a gradual recovery emerged as apparel sales increased with more opportunities to go out and the number of tourists entering the prefecture exceeded the previous year. However, the operating environment remains uncertain, including because the number of new COVID-19 cases reached a record high.」
It describes a gradual recovery driven by more opportunities to go out and tourist arrivals exceeding the previous year, while stating that the uncertain operating environment, including infectious disease risk, continues as new infections reach a record high. - FY2022WorsenedAnnual report
「The Group assumes that the effects of COVID-19 will continue until around February 2023 and has made certain assumptions based on information available at present. However, it is difficult to specifically forecast the impact on performance, and the scale of future infections and the timing of containment may affect the Company’s financial position, operating results and cash flows.」
The Company assumes that the effects of the infectious disease will continue until around February 2023, extending the assumed impact period from the assumption through the previous fiscal year. - FY2022-Q3RestatedAnnual report
「In retail, although the business was affected by requests to refrain from going out and other effects of the COVID-19 pandemic, operating revenue rose 0.7% year on year to ¥146.910 billion as demand for food products expanded, sales of upgraded products, Okinawan products and private-label products (Kurashi More and Lawson Select) were strengthened, and sales from stores opened last year and new stores contributed. However, segment profit fell 5.2% to ¥5.582 billion due to store-opening expenses and other costs.」
The effects of requests to refrain from going out due to COVID-19 continued to affect retail performance. Although demand for food products expanded, retail segment profit fell 5.2% year on year due to new-store opening expenses and other costs. - FY2022-Q2RestatedAnnual report
「CVS opened 4 new franchise stores, but operating revenue was ¥3,473 million, down 4.5% year on year, and segment profit was ¥371 million, down 25.7% year on year, due to the impact of requests to refrain from going out and other factors related to COVID-19.」
Requests to refrain from going out due to COVID-19 continued to appear in the current quarter as factors behind declines in CVS operating revenue and segment profit. - FY2022-Q1RestatedAnnual report
「Under these circumstances, the Group continued operating while shortening the hours of restaurants and some stores, excluding those selling daily necessities, and taking measures to prevent the spread of infection among customers and employees. In retail, sales of premium products, Okinawa-made products and private-label products (Kurashi More and Lawson Select) were strengthened, and sales at stores opened last year contributed, but apparel and food-service businesses remained sluggish at some stores, including tenant-operated stores, owing to closures, shortened operating hours and other factors following the declaration of a state of emergency accompanying the spread of COVID-19,」
Store closures and shortened operating hours, as well as weak apparel and food-service businesses due to the spread of COVID-19, continued to be cited as factors affecting operations and performance in the current quarter. - FY2021MaterialisedAnnual report
「In retail, sales at stores opened last year and new stores contributed to revenue, while sales of food and household-related products increased as consumers stayed home. On the other hand, apparel and food-service sales fell sharply due to fewer store visitors and shortened operating hours, while rental income from tenants also declined significantly owing to shortened operating hours, rent reductions and other factors.」
The decline in store visitors, shortened operating hours, lower apparel and food-service sales, and reduced rental income from tenants due to the spread of the infectious disease actually affected full-year performance. The Company also assumes that the impact will continue until around February 2022. - FY2021-Q3RestatedAnnual report
「Depending on the spread and containment of COVID-19, the Company expects shortened store operating hours, temporary closures, fewer visitors due to requests to refrain from going out, and sluggish personal consumption, which may affect the Group’s financial position and operating results.」
The Company continues to describe, in the same terms as in the previous quarter, the possibility of shortened operating hours and temporary closures, fewer store visitors and sluggish personal consumption due to COVID-19. - FY2021-Q2MaterialisedAnnual report
「Depending on the spread and containment of COVID-19, the Company expects shortened store operating hours, temporary closures, fewer visitors due to requests to refrain from going out, and sluggish personal consumption, which may affect the Group’s financial position and operating results.」
Requests to refrain from going out due to the infectious disease appeared in actual retail and CVS performance, with retail segment profit down 8.2% year on year and CVS segment profit down 51.3%. - FY2021-Q1MaterialisedAnnual report
「Due to the declaration of a state of emergency accompanying the spread of COVID-19, apparel and food-service businesses remained sluggish at some stores, including tenant-operated stores, owing to closures, shortened operating hours and other factors. Operating revenue was ¥46,938 million, up 2.3% year on year, while segment profit was ¥1,646 million, down 43.0%.」
The effects of COVID-19 appeared in actual segment performance through store closures, shortened operating hours and weak apparel and food-service sales, with segment profit down 43.0% year on year. CVS segment profit also fell 63.0% year on year due to a decline in domestic and overseas tourists. - FY2020First statedAnnual report
「In addition, the spread of COVID-19 may affect the Group’s operations and performance, and we will closely monitor developments going forward.」
The Company explicitly identified for the first time the possibility that the spread of COVID-19 could affect the Group’s operations and performance as a business risk.