Impact on Business and Earnings from the Spread of the Novel Coronavirus
First written in FY2020-Q2. 4 of 16 entries say "Worsened", first in FY2020. Latest entry: FY2025.
Festaria 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.
38 other companies' latest entry also says "Dropped".
- FY2025DroppedAnnual reportNo direct disclosure was identified presenting the impact of the spread of COVID-19 on the business and earnings as a standalone risk.
- FY2024-Q1MitigatedAnnual report
「During the cumulative consolidated first quarter (1 September 2023 to 30 November 2023), Japan's economy showed signs of a gradual recovery, reflecting the normalization of social and economic activity following the COVID-19 pandemic, although」
The document describes the normalization of social and economic activity following the COVID-19 pandemic and signs of a gradual recovery, indicating that the impact of restrictions on activity due to the infectious disease is easing. - FY2023MitigatedAnnual report
「In the consolidated fiscal year under review, Japan's economy moved toward normalization of social and economic activity as COVID-19 was reclassified as a Class 5 infectious disease, although」
The Company stated that social and economic activity had moved toward normalization following the reclassification of COVID-19 as a Class 5 infectious disease. - FY2023-Q3MitigatedAnnual report
「During the third-quarter consolidated cumulative period (1 September 2022 to 31 May 2023), Japan's economy moved toward normalization of social and economic activity as activity restrictions related to COVID-19 were gradually eased. However, the outlook remained uncertain due to inflation caused by soaring global resource prices and sharp currency fluctuations.」
The Company stated that the gradual easing of activity restrictions had advanced the normalization of social and economic activity, indicating that the impact of COVID-19-related activity restrictions was easing. - FY2023-Q2MitigatedAnnual report
「During the second-quarter consolidated cumulative period (1 September 2022 to 28 February 2023), Japan's economy showed signs of recovery in response to the easing of activity restrictions related to COVID-19 and measures for living with COVID-19.」
As activity restrictions were eased and measures for living with COVID-19 were implemented, the impact of restrictions on economic activity due to COVID-19 came to be described alongside signs of recovery. - FY2023-Q1MaterialisedAnnual report
「In addition, with the increase in COVID-19 cases during the eighth wave, store staff successively became infected or were identified as close contacts, forcing some stores to forgo business opportunities, which the Company considers to have been a factor in the difficult performance.」
Regarding COVID-19 risks, infections and close contacts among store staff occurred during the eighth wave, resulting in lost business opportunities at some stores. - FY2022RestatedAnnual report
「Regarding the outlook, although uncertainty over when COVID-19 will subside continues, initiatives are progressing to balance infection control with economic activity, and normalization of social and economic activity is expected.」
Although the timing of the end of COVID-19 remains uncertain, the Company expressed expectations for balancing infection control with economic activity and for the normalization of social and economic activity. - FY2022-Q3Coexistence of eased activity restrictions and continuing impactAnnual report
「All priority preventive measures were lifted nationwide on 21 March 2022, and signs of recovery emerged as activity restrictions related to COVID-19 were eased. Meanwhile, it was necessary to closely monitor rising geopolitical risks arising from the situation in Russia and Ukraine, higher raw-material prices, volatility in the financial and capital markets, and downside risks from supply constraints.」
Although signs of recovery emerged following the lifting and easing of activity restrictions, the effects of intermittent activity restrictions due to the spread of COVID-19 remained, with external-environment risks persisting alongside them. - FY2022-Q2WorsenedAnnual report
「However, following the emergence of the Omicron variant and the rapid spread of infections, priority preventive measures were reintroduced from mid-January, causing customer traffic to fall sharply.」
Regarding COVID-19 risks, the rapid spread of infections due to the Omicron variant and the reintroduction of priority preventive measures occurred, causing customer traffic to fall sharply. - FY2022-Q1Coexistence of lifted activity restrictions and concerns about renewed spreadAnnual report
「Although the state of emergency and priority preventive measures to prevent the spread of COVID-19 were lifted nationwide at the end of September 2021, leading to signs of a recovery, concerns over a resurgence in infections due to the spread of new variants and other factors have not been dispelled, and the situation remains unpredictable.」
Although economic conditions showed signs of recovery following the lifting of the state of emergency and other measures, concerns about renewed spread due to variants continued. - FY2021-Q3WorsenedAnnual report
「During the nine months under review (1 September 2020 to 31 May 2021), the Japanese economy was in difficult conditions as the impact of the prolonged spread of COVID-19 forced restrictions on economic activity through repeated declarations of a state of emergency and the implementation of priority preventive measures to prevent the spread of the disease. Although normalization of economic activity is expected as vaccinations become widespread, the outlook for containing the spread of infections remains uncertain, and concerns remain that the adverse impact on the economy will continue for the time being.」
The Company cited the prolonged impact of COVID-19, repeated declarations of a state of emergency and priority preventive measures, and uncertainty over when infections would subside, and stated that restrictions on economic activity and adverse effects continued. - FY2021-Q2RestatedAnnual report
「Although various government economic policies temporarily led to signs of recovery, economic activity was partially restricted following the reissuance of a state of emergency, and conditions remained uncertain.」
The Company stated that restrictions on economic activity associated with the spread of COVID-19 and uncertainty about the outlook continued. - FY2021-Q1WorsenedAnnual report
「Although various economic policies implemented in response to the stagnation of economic activity caused by the spread of COVID-19 produced some signs of recovery, infections were resurging at the time, and conditions remained uncertain.」
Regarding business risks from COVID-19, the Company stated that infections were resurging and that uncertainty about the outlook continued. - FY2020WorsenedAnnual report
「Thereafter, due to the spread of COVID-19, the Company implemented temporary closures and reduced operating hours in stages from late March. From the issuance of the state of emergency in April until its lifting in late May, nearly all stores were closed. In addition, events and other initiatives were cancelled one after another, significantly restricting business activities, and revenue for the third-quarter consolidated accounting period (March to May) fell sharply by 49.0% year on year.」
Store closures, event cancellations and operating restrictions due to COVID-19 occurred throughout the fiscal year. Revenue for the third-quarter accounting period fell 49.0% year on year, while full-year revenue declined 15.4% from the previous fiscal year and the Company posted an operating loss of ¥498 million. - FY2020-Q3MaterialisedAnnual report
「The spread of COVID-19 severely restricted social and economic activity in Japan and overseas, causing economic conditions to deteriorate rapidly.」
The actual impact on business and earnings was described, including temporary store closures and operating restrictions, cancellations of exhibitions and other events, a 13.6% year-on-year decline in revenue, and an operating loss of ¥450 million. - FY2020-Q2First statedAnnual report
「Depending on how the spread of COVID-19 develops, it may affect the Company's business activities and ability to secure earnings.」
The business and other risks section explicitly identified for the first time the possibility that the spread of COVID-19 could affect business activities and the Company's ability to secure earnings, while the business performance analysis described deteriorating consumer sentiment as an impact that had already materialized.