Impact of COVID-19 on Operations and Supply
First written in FY2020. 8 of 18 entries say "Restated". Latest entry: FY2026-H1.
Edion moved to the "Worse" side of this theme in 2021, 1 year after the typical company in this theme (2020).
The whole theme swung hardest in 2025: 5 of 16 companies on the "Worse" side.
19 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「No new business or other risks arose during the current interim consolidated accounting period. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company stated that there were no significant changes regarding the operating and supply-chain impacts of COVID-19. - FY2025-H1RestatedAnnual report
「No new business or other risks arose during the current interim consolidated accounting period. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company stated that there were no significant changes regarding the operating and supply-chain impacts of COVID-19. - FY2024-Q3SoftenedAnnual report
「However, with the transition of COVID-19 to a Category V infectious disease from May 2023, economic activity has been normalizing further and consumer spending has been recovering further.」
The company stated that the normalization of economic activity and recovery in consumer spending following the transition of COVID-19 to Category V had progressed further, updating the situation from the previous phase of widespread infection. - FY2024-Q2RestatedAnnual report
「However, with the transition of COVID-19 to a Category V infectious disease from May 2023, economic activity has been gradually normalizing and consumer spending has been recovering.」
The company stated that the normalization of economic activity and recovery in consumer spending following the transition of COVID-19 to Category V continued to progress. - FY2024-Q1SoftenedAnnual report
「However, with the transition of COVID-19 to a Category V infectious disease from 8 May 2023, economic activity has been gradually normalizing and consumer spending has been recovering.」
The company described the normalization of economic activity and recovery in consumer spending following the transition of COVID-19 to Category V, updating the situation from the previous phase of widespread infection. - FY2023SoftenedAnnual report
「If an epidemic or infectious disease occurs in an area where the group operates stores, store traffic may decline and sales may decrease due to shorter operating hours and other factors, potentially affecting the group’s operating results and financial position.」
Infectious disease risk continued to be disclosed, but the description was streamlined from specific explanations of variants and states of emergency to the potential effects during a general outbreak. - FY2023-Q3RestatedAnnual report
「As of the filing date of the third-quarter report, the spread of COVID-19 had shown some signs of easing due to progress in vaccinations and other factors. However, because of concerns about renewed spread caused by variants, we recognize that a material level of risk from the spread of epidemics and infectious diseases continues to exist.」
The company reaffirmed that infectious disease risk continued because, although the spread of infectious diseases had eased to some extent due to vaccinations and other factors, there were concerns about renewed spread caused by variants. - FY2023-Q2SoftenedAnnual report
「As of the filing date of the second-quarter report, the spread of COVID-19 had shown some signs of easing due to progress in vaccinations and other factors. However, because of concerns about renewed spread caused by variants, we recognize that a material level of risk from the spread of epidemics and infectious diseases continues to exist.」
The company indicated that the spread of infectious diseases had eased to some extent due to progress in vaccinations and other factors, while stating that infectious disease risk continued amid concerns about renewed spread caused by variants. - FY2023-Q1RestatedAnnual report
「In the previous fiscal year’s annual securities report, under Part I, Corporate Information, Section 2, Business Overview, 2. Business and Other Risks, (9) Spread of Epidemics and Infectious Diseases, the company stated that although temporary impacts such as sales falling below the previous year’s level were expected while the state of emergency was in effect, sales were expected to recover after the spread of infectious diseases subsided. Because infections caused by variants continued to spread nationwide, we recognize that a material level of risk from the spread of epidemics and infectious diseases remains.」
The company reaffirmed that infectious disease risk continued because, although infections were trending downward gradually due to vaccinations and other factors, variants were spreading nationwide. - FY2022MaterialisedAnnual report
「Across the group, from April to May 2021, some stores had to be closed and their operating hours reduced to prevent the spread of COVID-19, resulting in impacts including lower sales.」
Regarding infectious disease risk, lower sales occurred throughout the fiscal year as a result of store closures and shorter operating hours from April to May 2021. - FY2022-Q3WorsenedAnnual report
「As of the filing date of the third-quarter report, the spread of COVID-19 had shown some signs of easing due to progress in vaccinations and other factors. However, because infections caused by variants were beginning to spread again, we recognize that a material level of risk from the spread of epidemics and infectious diseases continues to exist.」
The company stated that the spread of infection had temporarily eased due to vaccinations and other factors, while noting that renewed spread caused by variants was beginning and that infectious disease risk continued. - FY2022-Q2MaterialisedAnnual report
「Across the group, some stores were closed and their operating hours were reduced to prevent the spread of COVID-19, resulting in impacts including lower sales.」
As part of its response to COVID-19, the company closed some stores and reduced operating hours, resulting in lower sales. As of the filing date, the spread of infection had eased to some extent, but risks continued amid concerns about renewed spread caused by variants. - FY2022-Q1MaterialisedAnnual report
「Across the group, some stores were closed and their operating hours were reduced to prevent the spread of COVID-19, resulting in impacts including lower sales during the state of emergency.」
The company stated that store closures, shorter operating hours and lower sales had actually occurred in connection with the third state of emergency and other measures. As of the filing date, concerns about the spread of infection caused by variants continued. - FY2021RestatedAnnual report
「Across the group, we are taking measures to prevent the spread of infection, including closing some stores and reducing operating hours, but sales were temporarily affected, falling below the previous year’s level while the state of emergency was in effect.」
The company stated that the risk of lower sales due to store closures, shorter operating hours and fewer store visitors continued, including as a result of the third state of emergency. - FY2021-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
While stating that there were no new risks or significant changes, the company reported that the risk from epidemics and infectious diseases continued because the trend of increasing infections had strengthened again and the end of COVID-19 remained unforeseeable. - FY2021-Q2RestatedAnnual report
「Although consumer spending actually strengthened and both store traffic and sales recovered after the state of emergency was lifted, the end of COVID-19 remains unforeseeable. Accordingly, we recognize that a material level of risk from the spread of epidemics and infectious diseases remains.」
Although store traffic and sales recovered after the state of emergency was lifted, the company reaffirmed its recognition that the end of COVID-19 remained unforeseeable and infectious disease risk continued. - FY2021-Q1MaterialisedAnnual report
「Although consumer spending actually strengthened and both store traffic and sales recovered after the state of emergency was lifted, infections were again increasing, particularly in urban areas, raising concerns about a second wave. Accordingly, we recognize that a material level of risk from the spread of epidemics and infectious diseases remains. Infectious disease-related losses are losses related to COVID-19. They include personnel expenses and depreciation corresponding to the closure periods of stores closed following the declaration of the state of emergency, as well as advertising expenses for flyers, direct mail and in-store displays prepared for sales promotions and other events but not actually used because those events were cancelled.」
Although store traffic and sales recovered after the state of emergency was lifted, the company stated that infectious disease risk remained due to the renewed increase in infections and concerns about a second wave. It also recorded ¥585 million in infectious disease-related losses arising from store closures, cancelled sales promotions and other factors, meaning that the impact materialized as a specific loss. - FY2020First statedAnnual report
「COVID-19 is currently spreading worldwide, and concerns over the spread of infection have also grown in Japan, where a state of emergency was declared in all prefectures for a period. Across the group, we are taking measures to prevent the spread of infection, including closing some stores and reducing operating hours, but sales were temporarily affected, falling below the previous year’s level while the state of emergency was in effect. In the monthly POS sales (orders) information we disclose, same-store sales at company-operated stores were 87.9% year on year in April, 106.5% in May and 97.4% cumulatively through May.」
The company identified store closures, shorter operating hours, fewer store visitors and lower sales as new risks that had actually materialized with the global spread of COVID-19. It also indicated the potential for impacts on product supply and logistics and delivery systems.