Restrictions on going out, economic stagnation and downward pressure on sales caused by the spread of COVID-19
First written in FY2020. 6 of 17 entries say "Worsened", first in FY2021-Q2. Latest entry: FY2024.
Karula 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.
51 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「The transition of COVID-19 to Category V restored the movement of people and stimulated consumption, while inbound demand also recovered following the easing of entry restrictions, strengthening the upward trend in the companies' sales.」
The company explained that the transition of COVID-19 to Category V and the easing of entry restrictions restored the movement of people, consumption and inbound demand, easing the downward pressure on sales caused by the pandemic. - FY2024-Q3RestatedAnnual report
「The transition of COVID-19 to Category V stimulated the movement of people, while inbound demand also expanded following the easing of entry restrictions, and sales are showing a recovery trend.」
The company continues to indicate a recovery trend in sales driven by the easing of pandemic-related restrictions, increased movement of people and expanding inbound demand. - FY2024-Q2MitigatedAnnual report
「During the 2nd quarter consolidated cumulative period, the reclassification of COVID-19 to Category V under the Infectious Diseases Control Law in May 2023 led to eased restrictions on activities and more active consumption, with the domestic economy moving toward normalization.」
The company explained that the reclassification under the Infectious Diseases Control Law and the easing of restrictions on activities stimulated consumption and that the domestic economy was moving toward normalization. - FY2024-Q1MitigatedAnnual report
「During the 1st quarter consolidated cumulative period, as the impact of COVID-19 began to subside, the reclassification of the disease to Category V under the Infectious Diseases Control Law in May 2023 led to increased movement of people and inbound tourism in Japan, with economic activity gradually picking up and the domestic economy moving toward normalization.」
The company explained that the impact of the pandemic was subsiding, movement of people and inbound tourism increased after the reclassification to Category V, and the domestic economy was moving toward normalization. - FY2023Recovery expectations alongside the risk of a prolonged pandemicAnnual report
「In the food-service industry to which our company belongs, the impact of COVID-19 is expected to gradually subside due to factors including the disease being reclassified as Category V under the Infectious Diseases Control Law. However, the timing of the end of the pandemic remains uncertain, and any further spread or prolonged impact could affect the group's business performance, financial position and cash flows.」
While indicating expectations for a recovery following the reclassification under the Infectious Diseases Control Law, the company continues to indicate that the uncertain timing of the end of the pandemic, a resurgence or prolonged impact could affect business performance, financial position and cash flows. - FY2023-Q3WorsenedAnnual report
「As a result, the recovery trend in the first half of the 3rd quarter slowed again from November due to the impact of the 8th wave of COVID-19.」
The company explained that the recovery trend in the first half of the 3rd quarter slowed again from November due to the 8th wave. - FY2023-Q2WorsenedAnnual report
「As a result, the recovery trend in the first half of the 2nd quarter slowed again from late July due to the impact of the 7th wave of COVID-19.」
The recovery trend after restrictions on activities were eased slowed again from late July due to the 7th wave, and the pandemic's downward impact on the business re-emerged. - FY2023-Q1RestatedAnnual report
「During the 1st quarter consolidated cumulative period, the Japanese economy remained in an extremely challenging state for corporate activity and personal consumption, as the impact of COVID-19 continued for an extended period despite progress in vaccinations.」
While acknowledging progress in vaccinations, the company continues to recognize that the impact of COVID-19 has been prolonged and that corporate activity and personal consumption remain in an extremely challenging state. - FY2022WorsenedAnnual report
「The Delta variant subsided in autumn 2021 and restrictions on activities were lifted, resulting in a temporary recovery trend. However, from early 2022, the highly transmissible Omicron variant spread rapidly, and restrictions imposed by the authorities on business hours and the serving of alcoholic beverages again created a challenging operating environment.」
After a temporary recovery in customer traffic and demand for dining out, the rapid spread of the Omicron variant and government restrictions again created downward pressure on sales and the operating environment. - FY2022-Q3Recovery in customer traffic after restrictions were easedAnnual report
「As a result, customer traffic continued to decline through September due to requests to shorten business hours accompanying the renewed spread of COVID-19, but from October, after the state of emergency was lifted, customer traffic gradually showed signs of recovery.」
Customer traffic continued to decline through September due to requests to shorten business hours, but the company explained that it showed signs of recovery from October, after the state of emergency was lifted. - FY2022-Q2Decline in customer traffic after recoveryAnnual report
「As a result, customer traffic gradually showed signs of recovery through July, but from August, successive requests to suspend operations accompanying the renewed spread of COVID-19 led sales for the 2nd quarter consolidated cumulative period to ¥2.539 billion, down 1.9% year on year.」
After customer traffic showed a recovery trend through July, the renewed spread of COVID-19 and requests to suspend operations in August created renewed downward pressure, resulting in cumulative sales down 1.9% year on year. - FY2022-Q1Recovery trend alongside a challenging environmentAnnual report
「As a result, sales and customer traffic both showed a recovery trend from April onward, and sales for the 1st quarter consolidated cumulative period amounted to ¥1.215 billion, up 10.9% year on year.」
Although the impact of the pandemic continued, sales and customer traffic showed a recovery trend from April onward, and sales increased year on year. However, the end of the pandemic remained unforeseeable, and its impact on the food-service industry continued. - FY2021WorsenedAnnual report
「Sales amounted to ¥5.294 billion, down 31.6% year on year. Operating loss was ¥566 million, ordinary loss was ¥502 million, and net loss attributable to owners of the parent was ¥977 million.」
The pressure on sales from the pandemic became more pronounced as a 31.6% decline in full-year revenue, operating and ordinary losses, and a ¥977 million net loss attributable to owners of the parent. - FY2021-Q3WorsenedAnnual report
「As a result, although customer numbers gradually recovered in September and October, they began to decline again because of the third wave of infections from November, and net sales fell significantly below the same period of the previous year.」
The 3rd wave of the pandemic caused customer traffic to decline again, and sales fell substantially below the level of the same period of the previous year. - FY2021-Q2WorsenedAnnual report
「During the 2nd quarter consolidated cumulative period, the Japanese economy experienced an unprecedented decline in economic activity and domestic consumption as the government declared a state of emergency due to the global spread of COVID-19 and called for voluntary restrictions on nonessential, nonurgent outings.」
Regarding the impact of COVID-19, the company explained that economic activity and domestic consumption had declined on an unprecedented scale, expressing a marked deterioration in the external environment compared with the previous quarter. - FY2021-Q1MaterialisedAnnual report
「Under these circumstances, the impact of the spread of COVID-19 on our group has been severe, resulting in a significant deterioration in business performance.」
The COVID-19 risk, first disclosed in the previous fiscal year as pressure on sales, materialized in the current quarter as a severe deterioration in business performance. This is also reflected in the figures, including a 45.0% decline in sales and an ordinary loss of ¥290 million. - FY2020First statedAnnual report
「In addition, the declaration of a state of emergency in Japan due to the global spread of COVID-19 led to voluntary restrictions on outings and stagnation in economic activity, intensifying the sense of an economic slowdown. The impact of the spread of COVID-19 has also begun to exert downward pressure on sales.」
The company identified the spread of COVID-19, the declaration of a state of emergency, voluntary restrictions on outings and stagnation in economic activity as new external risks, and explained that downward pressure on sales had begun to emerge.