Risk to Store Sales and Operations from the Spread of COVID-19
First written in FY2020. 4 of 13 entries say "Worsened", first in FY2021-Q2. Latest entry: FY2024.
OOTOYA 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: 76 of 98 companies on the "Worse" side.
34 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「During the fiscal year under review, Japan's economy showed a gradual recovery in social and economic activity, centered on personal consumption and inbound demand, following the reclassification of COVID-19 to Category 5 under the Infectious Diseases Control Law and the lifting of border control measures.」
The disclosure states that social and economic activity is recovering following the shift to Category 5 and the lifting of border control measures, and that operating constraints due to the pandemic are easing compared with the previous stage. - FY2024-Q2MitigatedAnnual report
「During the six-month period ended 30 September, Japan's economy showed a gradual recovery in social and economic activity, centered on personal consumption and inbound demand, following the reclassification of COVID-19 to Category 5 under the Infectious Diseases Control Law and the lifting of border control measures.」
Following the shift to Category 5 and the lifting of border control measures, a recovery trend in social and economic activity centered on personal consumption and inbound demand was described, and operating constraints associated with the pandemic are easing. - FY2024-Q1MitigatedAnnual report
「Although the reclassification of COVID-19 to Category 5 under Japan's Infectious Diseases Control Law has led to moves toward normalizing economic and social activity, including the easing of restrictions on people's activities」
The shift to Category 5 and the easing of restrictions on people's activities have eased operating constraints associated with the pandemic. However, uncertainty related to the situation in Ukraine and soaring resource prices remains. - FY2023-Q3MitigatedAnnual report
「Japan's economy during the cumulative third quarter under review is expected to remain in an uncertain outlook, as normalization of economic and social activity progresses following the easing of various restrictions related to COVID-19, while costs continue to rise due to surging global resource prices and labor shortages.」
The disclosure states that the easing of various COVID-19 restrictions is advancing the normalization of economic and social activity, and that operating constraints associated with the pandemic are easing compared with the previous stage. However, uncertainty about the outlook remains. - FY2023-Q2WorsenedAnnual report
「The outlook is expected to remain uncertain due to the sharp increase in infections from the Omicron variant of COVID-19 from July onward, the prolonged Russian invasion of Ukraine and the rapid depreciation of the yen.」
While restrictions were being eased, a sharp increase in infections due to the Omicron variant was described, and uncertainty related to COVID-19 intensified again. - FY2023-Q1RestatedAnnual report
「During the cumulative first-quarter period, Japan's economy showed signs of normalization in economic and social activity as various restrictions were gradually eased amid a decline in COVID-19 cases. However, concerns over rising geopolitical risks due to the situation in Ukraine and other factors, in addition to the rapid depreciation of the yen, mean that uncertainty is expected to continue.」
Although declining infection numbers and the easing of restrictions indicate a move toward normalization, the impact of COVID-19 continues in the Group's directly operated overseas stores and overseas franchise operations. - FY2022RestatedAnnual report
「The spread of COVID-19 is affecting the Group's performance. As the timing of containment remains unforeseeable, conditions are expected to remain uncertain.」
The impact of the pandemic on performance and uncertainty over the timing of containment continue to be described as major business risks. - FY2022-Q3RestatedAnnual report
「Partly due to progress in COVID-19 vaccinations, various restrictions were eased as the number of infections declined, and the economy temporarily entered a recovery phase. However, further spread of the virus remains a concern, including the emergence of new variants, and conditions are expected to remain uncertain.」
While vaccinations and the easing of restrictions led to a temporary recovery, concern was expressed about renewed spread driven by new variants, and uncertainty related to the pandemic continues. - FY2022-Q1RestatedAnnual report
「In the previous fiscal year, the Group's performance was significantly affected by shortened operating hours in response to government requests associated with the spread of COVID-19, fewer opportunities to go out, and reductions in seating capacity to maintain social distancing.」
The disclosure states that the impact on performance from shortened operating hours, fewer opportunities to go out, and reduced seating capacity has continued. - FY2021WorsenedAnnual report
「The spread of COVID-19 is affecting the Group's performance. Although it is difficult to predict the outlook, as there is currently no clear prospect of the situation being brought under control, we expect that it will take time for customer numbers to recover.」
The impact of the pandemic on performance continued throughout the year, the timing of containment could not be predicted, and the company indicated that customer numbers would take time to recover. - FY2021-Q3WorsenedAnnual report
「In particular, after the third wave of COVID-19 infections became apparent, demand for dining out declined significantly compared with normal years due to the review of the “Go To Eat” campaign and requests from local governments for restaurants to shorten their operating hours, and difficult conditions have continued.」
The third wave of infections, the review of the “Go To Eat” campaign, and local government requests for shorter operating hours further highlighted the decline in dining-out demand and operating constraints. - FY2021-Q2WorsenedAnnual report
「Following the government's declaration of a state of emergency in April, stores were closed and operating hours were shortened. Sales also declined significantly due to fewer opportunities to go out to avoid COVID-19 infection, shortened operating hours in response to government requests, and reductions in seating capacity to maintain social distancing.」
Store closures and shortened operating hours under the state of emergency, fewer opportunities to go out, and reduced seating capacity had a significant actual impact on sales. - FY2020MaterialisedAnnual report
「Store sales were significantly affected following the spread of COVID-19, which emerged in January 2020. Although the effects are continuing and it is difficult to predict how the situation will develop, if another state of emergency or similar measure is declared, the likelihood of store closures or shortened operating hours will increase, potentially having a significant impact on the Group's performance.」
The spread of COVID-19 had already affected store sales, and the possibility of closures and shortened operating hours due to another state of emergency or similar measure was also described.