Risk of Declining Business Activity and Demand Due to COVID-19
First written in FY2021-Q1. 5 of 13 entries say "Mitigated", first in FY2022-Q3. Latest entry: FY2024.
The whole theme swung hardest in 2025: 6 of 13 companies on the "Worse" side.
16 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「After COVID-19 was downgraded to Category V under the Infectious Diseases Act, normalization of economic activity progressed further and the economy followed a gradual recovery trend.」
The disclosure states that the impact of the pandemic on demand and business activity eased further as economic activity normalized and food-service and inbound demand recovered after the transition to Category V. - FY2024-Q2MitigatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, normalization of economic activity in Japan progressed further, partly because COVID-19 was downgraded to Category V under the Infectious Diseases Act. Although the upward trend in prices was strengthening, the economy was on a gradual recovery trend, supported by a recovery in inbound demand and improvements in employment and income conditions.」
Against the backdrop of COVID-19's transition to Category V, normalization of economic activity progressed further, and the recovery in inbound demand was also disclosed. The impact of the pandemic on demand and business activity has shifted toward further easing compared with previously. - FY2023MitigatedAnnual report
「Although the decision was made to reclassify COVID-19 as a Category V infectious disease, it remains difficult to accurately predict when the pandemic will end and the duration and extent of its impact. Nevertheless, based on the assumption that economic activity would gradually normalize and consumer sentiment would recover in fiscal 2023 as restrictions on inbound travel and domestic activity were eased, the Group prepared its accounting estimates on the assumption of securing stable profits and achieving sustainable growth going forward.」
While uncertainty remains regarding when the pandemic will end, the disclosure has shifted to one based on the reclassification as a Category V infectious disease, the easing of entry restrictions and activity restrictions, and the normalization of economic activity. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, Japan's economy saw a rapid resurgence in COVID-19 infections, but economic activity moved toward normalization and the economy showed signs of a gradual recovery.」
The Group continues to recognize that, while COVID-19 infections have resurged, economic activity is moving toward normalization and the economy is recovering. - FY2023-Q2The coexistence of the seventh wave and the normalization of economic activityAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, Japan's economy saw a rapid resurgence in infections referred to as the seventh wave of COVID-19, but progress was also made toward normalizing economic activity.」
The disclosure states that, while infections resurged during the seventh wave of COVID-19, progress was also made toward normalizing economic activity. - FY2023-Q1MitigatedAnnual report
「While the number of COVID-19 cases declined and economic activity moved toward normalization,」
The disclosure describes the decline in COVID-19 cases and the move toward normalization of economic activity, stating that the previous impact on food-service demand and economic activity had eased to some extent. - FY2022-Q3MitigatedAnnual report
「The economy continued to recover, partly because the difficult conditions caused by COVID-19 gradually eased as vaccination progressed.」
The disclosure states that the difficult impact of COVID-19 on the economic and business environment gradually eased as vaccination progressed, and that Japan's economy continued to recover. - FY2022-Q2RestatedAnnual report
「The food industry, the group's main market, continues to be affected by COVID-19. Although demand for delivery, drive-through and takeout services has expanded amid restrictions on foodservice operations, the industry continues to face a challenging operating environment.」
The difficult environment facing the food industry has continued amid the ongoing impact of COVID-19 and restrictions on operations in the food-service industry. - FY2022-Q1WorsenedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, Japan's economy continued to show signs of recovery on the production side and elsewhere. However, the issuance of the third state of emergency declaration, prompted by the spread of COVID-19 variants, restricted economic and social activity, and the recovery in the economy, including personal consumption, remained sluggish.」
The disclosure newly describes the spread of COVID-19 variants and restrictions on economic and social activity resulting from the third state of emergency declaration, providing more detail on the impact on domestic demand and the economic recovery. - FY2021RestatedAnnual report
「The main risks assumed in connection with COVID-19 are as follows: ① Risk of lower sales due to declining demand in Japan and overseas ② Risk of deterioration in credit conditions in one of the sales channels triggering a chain reaction ③ Risk that disruptions at production sites, in logistics or in the supply chain could delay the procurement of products for sale」
The impact of COVID-19 has been organized into 7 areas: demand, credit, procurement, in-person business meetings, internal infections, remote work and financing. While declining demand affected the food-service business, the disclosure also describes efforts to recover in other areas and conduct online business meetings. - FY2021-Q3WorsenedAnnual report
「The spread of COVID-19 and the resulting stagnation in economic activity were expected to continue affecting the Group's operating results through at least the fiscal year ending March 2022.」
The outlook for the continuation of the impact has been extended from the previous assumption of at least through the fiscal year ending March 2021 to at least through the fiscal year ending March 2022. - FY2021-Q2RestatedAnnual report
「The food industry, the group's main market, has also been significantly affected by COVID-19. In particular, the foodservice industry continues to face a challenging operating environment, as customer traffic has not recovered due to people refraining from dining out in large groups and from returning to their hometowns during the Obon holidays.」
The spread of COVID-19 continued to affect operating results through lower demand from the food-service industry and sluggish sales in each division. - FY2021-Q1First statedAnnual report
「The spread of COVID-19 and the resulting stagnation in economic activity were expected to continue affecting the Group's operating results through at least the fiscal year ending March 2021.」
The spread of COVID-19 and the stagnation of economic activity continued through at least the fiscal year ending March 2021, actually affecting operating results through a significant decline in demand from the food-service industry and lower sales in each division.