Risk of Disruption to Store and Factory Operations from COVID-19
First written in FY2020. 6 of 15 entries say "Restated". Latest entry: FY2024.
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
「During the fiscal year, Japan's economy showed a moderate recovery trend after the transition of COVID-19 to Category 5, supported by a recovery in personal consumption and inbound demand, although」
The company describes the normalization of economic activity after COVID-19 was reclassified as a Category 5 disease and restrictions on activities were eased, indicating improvement in the external environment surrounding the risk that the pandemic could affect store and factory operations. - FY2024-Q2MitigatedAnnual report
「During the cumulative second quarter, Japan's economy gradually moved toward normalization as restrictions on activity were eased following the transition of COVID-19 to Category 5 under the Infectious Diseases Act, and inbound demand also began to recover.」
The company states that economic activity gradually normalized following the reclassification of COVID-19 as a Category 5 disease and the easing of restrictions on activities, indicating improvement in the external environment surrounding the risk that the pandemic could affect store and factory operations. - FY2024-Q1MitigatedAnnual report
「During the cumulative first-quarter period, Japan’s economy showed signs of recovery as social and economic activity normalized with the gradual easing of the impact of COVID-19.」
The company states that the impact of COVID-19 gradually eased and social and economic activity normalized, indicating some improvement in the external environment surrounding the risk that the pandemic could affect store and factory operations. - FY2023-Q3RestatedAnnual report
「Although the “with COVID-19” approach, including the easing of restrictions on activities, is becoming more pronounced while the end of the COVID-19 pandemic remains unforeseeable, the progression of infections may affect the company’s operating results and financial position.」
While recognizing the easing of restrictions on activities and the shift to a “with COVID-19” approach, the company continues to disclose the possibility that future infection trends may affect its operating results and financial position. - FY2023-Q2RestatedAnnual report
「Although measures to maintain economic activity without stagnation, described as the “with COVID-19” approach, are gaining traction while the end of the COVID-19 pandemic remains unforeseeable, the progression of infections may affect the company’s operating results and financial position.」
While describing the recovery of economic activity under the “with COVID-19” approach, the company continues to indicate that the end of the pandemic remains unforeseeable and that future infection trends may affect its operating results and financial position. - FY2023-Q1MitigatedAnnual report
「Although the number of COVID-19 cases is trending downward and restrictions on activities are gradually being eased, if the spread of infections worsens again, store operations or factory operations may become difficult, potentially having a material impact on the company’s operating results and financial position.」
While describing some improvement in the external environment due to the downward trend in infections and the easing of restrictions on activities, the company continues to identify the risk to store and factory operations from a renewed spread of infections. - FY2022RestatedAnnual report
「The COVID-19 pandemic remains unresolved, and the predominant strain has mutated into one that is more transmissible than previous strains. Depending on the spread of infections, store operations or factory operations may become difficult, potentially having a material impact on the company’s operating results and financial position.」
The company continues to disclose the possibility that the spread of infections, including variants, could affect store operations and factory operations as a risk even at the end of the fiscal year. - FY2022-Q3RestatedAnnual report
「Although overseas reports of renewed infections caused by new variants mean that concerns about a renewed spread of infections in Japan cannot be dispelled, the end of the pandemic remains unforeseeable. In this operating environment, the company continues to take preventive measures with the safety of customers and employees as its top priority. However, depending on trends in the number of infections and the spread of new variants, store operations or factory operations may become difficult, potentially having a material impact on the company’s operating results and financial position.」
While describing improvement from higher vaccination rates and the lifting of states of emergency, the company continues to indicate the possibility that renewed spread caused by new variants could affect store and factory operations. - FY2022-Q2MitigatedAnnual report
「As the impact of COVID-19 persists, expectations for a resolution are rising as vaccination progresses to a certain extent. In addition, following the lifting of states of emergency and other measures that had been reissued in some regions, restrictions on activities are expected to be lifted in stages. In this operating environment, the company will continue to take preventive measures with the safety of customers and employees as its top priority without becoming complacent. However, if infections spread among employees or within business establishments, store operations or factory operations may become difficult, potentially having a material impact on the company’s operating results and financial position.」
While describing some improvement in the external environment due to vaccinations, the lifting of states of emergency and the expected lifting of restrictions on activities, the company continues to indicate the risk of infections spreading among employees or within business establishments. - FY2022-Q1RestatedAnnual report
「The COVID-19 pandemic remains unresolved, and the predominant strain has shifted from the original strain to variants originating overseas. As a result, states of emergency and priority preventive measures have been declared in some areas. In this environment, the company is taking preventive measures with the safety of customers and employees as its top priority. However, if infections spread among employees or within business establishments, store operations or factory operations may become difficult, potentially having a material impact on the company’s operating results and financial position.」
In light of the spread of variants and the state of emergency and other measures, the company continues to indicate the risk to store and factory operations if infections spread among employees or within business establishments. - FY2021WorsenedAnnual report
「The COVID-19 pandemic remains unresolved, and the predominant strain has shifted from the original strain to variants considered more transmissible. As a result, a third state of emergency has been declared in some areas. If requests from the government and local authorities become more stringent than before, store operations or factory operations may become difficult, potentially having a material impact on the company’s operating results and financial position.」
The company specified the shift in the predominant strain to variants and the declaration of a third state of emergency in some regions, indicating that the risk to store and factory operations had become more serious even at the end of the fiscal year. - FY2021-Q3WorsenedAnnual report
「In this operating environment, the company is taking preventive measures with the safety of customers and employees as its top priority. However, depending on trends in the number of infections, which remains elevated, the spread of variant viruses, and the impact of recently declared states of emergency in certain regions, store operations or factory operations may become difficult, potentially having a material impact on the company’s operating results and financial position.」
The impact of the third wave, persistently high infection numbers, variant viruses and regional states of emergency were newly specified, and the risk to store and factory operations has become more serious. - FY2021-Q2RestatedAnnual report
「Following the lifting of the state of emergency in May 2020, store operations and other activities resumed, and the easing of restrictions on various events also contributed to a gradual recovery from the impact of the spread of COVID-19. In this operating environment, the company is taking preventive measures with the safety of customers and employees as its top priority. However, depending on the future spread of COVID-19 and outbreaks of seasonal influenza or other illnesses, store operations or factory operations may again become difficult, potentially having a material impact on the company’s operating results and financial position.」
While describing the recovery of store operations and other activities following the lifting of the state of emergency, the company continues to indicate the risk that the spread of infections or seasonal influenza and other illnesses could again make store operations and factory operations difficult. - FY2021-Q1MaterialisedAnnual report
「Following the lifting of the state of emergency in May 2020, store operations and other activities resumed, and the company is gradually recovering from the impact of the spread of COVID-19. In this environment, the company is taking preventive measures with the safety of customers and employees as its top priority. However, if a second or third wave of COVID-19 occurs, store operations or factory operations may again become difficult, potentially having a material impact on the company’s operating results and financial position.」
The company states that the impact of the state of emergency on store operations and other activities actually occurred, followed by recovery after its lifting, while disclosing the risk that a second or third wave could again make store operations and factory operations difficult. - FY2020First statedAnnual report
「In response to the declaration of a state of emergency accompanying the spread of COVID-19, department stores and commercial facilities have taken measures including temporary closures. If requests for closures and requests for people to refrain from going out under the state of emergency become more stringent, store operations or factory operations may become difficult, potentially having a material impact on the company’s operating results and financial position.」
Temporary closures of department stores and commercial facilities had already occurred because of the spread of COVID-19 and the state of emergency, and the company newly disclosed the risk that stronger requests for closures and for people to refrain from going out could make it difficult to operate stores and factories.