Impact of the Spread of the Novel Coronavirus on Demand for Dining Out and Business Performance
First written in FY2020. 7 of 17 entries say "Worsened", first in FY2021-Q1. Latest entry: FY2025-Q1.
Y's table 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 2025: 6 of 13 companies on the "Worse" side.
2 other companies' latest entry also says "Softened".
- FY2025-Q1SoftenedAnnual report
「The dining industry has continued to show signs of recovery, supported by increased consumer demand for dining out as economic activity normalizes and by inbound demand.」
Dining demand has been recovering as economic activity normalizes and inbound demand returns, while the pandemic’s impact on demand and operations has moderated from the previous period of rapid deterioration. - FY2024SoftenedAnnual report
「In August and September, consumer demand for dining out weakened and revenue growth stalled due to extreme heat and an increase in the number of people testing positive for COVID-19, in addition to inflation that had continued from the previous year. However, the trend turned to recovery again from October.」
A temporary decline in demand due to inflation, extreme heat and an increase in the number of people testing positive for COVID-19 did occur, but the trend turned to recovery from October onward, softening the language regarding ongoing deterioration in demand caused by the pandemic. - FY2024-Q3SoftenedAnnual report
「From August through September, consumer demand for dining out declined and revenue fell due to extreme heat and an increase in the number of people testing positive for COVID-19, in addition to inflation that had continued from the previous year. However, the trend turned to recovery again from the second half of September.」
Demand weakened and revenue fell due to inflation, extreme heat and an increase in the number of people testing positive for COVID-19, but the trend turned to recovery again from the second half of September. The impact of COVID-19 remains, but has moderated from the period of rapid deterioration. - FY2024-Q2WorsenedAnnual report
「Existing-store revenue remained close to 2019 levels, before the spread of COVID-19, supported by more active personal consumption following the progressive easing of restrictions from March 2023 and the recovery in inbound demand. However, in August, in addition to inflation that had continued from the previous year, extreme heat and an increase in the number of people testing positive for COVID-19 caused consumer demand for dining out to decline and revenue to fall. As a result, our group reported an operating loss for the second quarter of the current consolidated fiscal year, covering the period from 1 June 2023 to 31 August 2023.」
Existing-store revenue approached 2019 levels as restrictions were eased and inbound demand recovered, but in August declining dining demand due to extreme heat and an increase in the number of people testing positive for COVID-19 resulted in an actual decline in revenue and an operating loss for the quarterly accounting period. - FY2024-Q1SoftenedAnnual report
「At our group, existing-store revenue remained close to 2019 levels, before the spread of COVID-19, due to more active personal consumption following the substantial relaxation of rules on wearing masks in March 2023 and the reclassification of COVID-19 as a Class 5 disease under the Infectious Diseases Control Law in May, as well as the recovery in inbound demand.」
Existing-store revenue recovered to near 2019 levels as restrictions related to the pandemic were eased and inbound demand recovered, indicating that the pandemic’s impact on demand and operations had moderated. However, residual impacts and uncertainty continue. - FY2023SoftenedAnnual report
「The impact of COVID-19 is easing, but labor shortages and rising food and other input costs are intensifying, and a challenging business environment continues.」
The disclosure describes easing pandemic-related impacts, the lifting of entry restrictions and a recovery in revenue, indicating moderation from the period of rapid deterioration. However, revenue remained below 2019 levels for the full year, and significant operating losses and material uncertainty related to the going-concern assumption remain. - FY2023-Q3The outlook was changed to assume recovery after the seventh wave and a residual impact.Annual report
「Regarding the impact of COVID-19 on the outlook for the fiscal year ending February 2023, our group changed its assumption to one in which recovery would gradually progress toward the end of the fiscal year and the impact would subside, while a certain degree of impact would remain from the second half onward.」
The disclosure describes a recovery after the decline in revenue in July and August caused by the seventh wave, supported by a decline in the number of infections from September and the broad lifting of entry restrictions in October. At the same time, the outlook was changed to assume that a certain degree of impact would remain from the second half onward, with revenue still below 2019 levels. - FY2023-Q2WorsenedAnnual report
「After the lifting of the quasi-emergency measures in March 2022, revenue was on a recovery trend through June. However, the resurgence of infections in the seventh wave from July reduced customer traffic, and in some cases stores were forced to scale back operations because employees or their family members were infected. Revenue has remained sluggish.」
The recovery after operating restrictions were lifted was reversed by the seventh wave, with actual declines in customer traffic and reductions in restaurant operations due to infections among employees and their family members. - FY2023-Q1SoftenedAnnual report
「Restrictions on restaurant operations were lifted on 21 March 2022, and our group resumed normal operations. Revenue began to recover from the second half of April, but remains in the process of recovering and has continued to be below the 2019 level, before the spread of COVID-19.」
The disclosure describes the lifting of operating restrictions and a recovery in revenue, indicating some improvement from the period of rapid deterioration caused by the pandemic. However, revenue remains below 2019 levels and is still recovering. - FY2022WorsenedAnnual report
「From October 2021 through early January 2022, most restrictions on restaurant operations were lifted and revenue recovered. However, the arrival of the so-called sixth wave from January 2022 and the resulting operating restrictions caused revenue to decline again.」
After a temporary recovery following the lifting of operating restrictions, revenue declined again due to the sixth wave and renewed operating restrictions, indicating that the impact of the pandemic continued and worsened again. - FY2022-Q3SoftenedAnnual report
「In response to various requests from the government and local governments, our group temporarily closed restaurants, shortened operating hours and stopped or restricted the serving of alcoholic beverages. As a result, revenue remained significantly below the level recorded two years earlier, before the spread of COVID-19. However, from October 2021, restrictions on restaurant operations were largely lifted, and revenue has been gradually recovering.」
The disclosure states that revenue has been gradually recovering since most operating restrictions were lifted, indicating an improvement from the previous period of rapid deterioration. However, revenue remains below the level recorded two years earlier, and the risk of a resurgence in infections remains. - FY2022-Q1RestatedAnnual report
「Dining demand recovered to some extent, but weakened each time infections resurged and has remained sluggish overall.」
Dining demand recovered temporarily but weakened again as infections resurged, and weak demand has continued. - FY2021WorsenedAnnual report
「During the consolidated fiscal year under review, existing restaurants in the XEX group and casual restaurant group were forced to close or shorten operating hours while the state of emergency was in effect in April and May.」
Temporary closures, shorter operating hours and restrictions on serving alcoholic beverages affected full-year results, with revenue down 39.6% year on year and an operating loss of ¥1,905 million. - FY2021-Q3WorsenedAnnual report
「Economic activity gradually resumed after the state of emergency was lifted, and dining demand also recovered to some extent, supported by government economic stimulus measures. However, demand weakened again as infections resurged and has remained sluggish. On 7 January 2021, a state of emergency was declared for the Tokyo metropolitan area’s 1 prefecture and 3 surrounding prefectures.」
Dining demand recovered temporarily but weakened again as infections resurged, and the declaration of a state of emergency for the Tokyo metropolitan area was also disclosed. Revenue has continued to remain significantly below the previous year’s level. - FY2021-Q2WorsenedAnnual report
「Customer traffic at our group’s restaurants has declined and revenue has fallen significantly due to requests to refrain from going out in response to the spread of COVID-19 and requests from local governments to shorten operating hours. If the infection spreads further, we may be forced to impose further restrictions on business activities or close restaurants, which could affect our group’s operating results.」
The disclosure describes the continued requests to shorten operating hours, the ongoing significant declines in customer traffic and revenue, and the risk of additional closures and restrictions on business activities if the infection spreads further. - FY2021-Q1WorsenedAnnual report
「The impact of COVID-19 on our group included sluggish personal consumption, a decline in customer traffic and a significant decline in revenue. If the infection spreads further, further restrictions on business activities and restaurant closures could affect our group’s operating results.」
Sluggish personal consumption, lower customer traffic and a significant decline in revenue resulting from the spread of the infection materialized in the first quarter, and the risk of further restrictions on business activities and restaurant closures if the infection spreads further was also identified. - FY2020First statedAnnual report
「Travel restrictions imposed by governments worldwide in response to the global spread of COVID-19, the state of emergency declared by the Japanese government on 7 April 2020, and requests from local governments to refrain from nonessential activities had a significant impact on inbound visitors and domestic dining demand. In response to various requests from the government and local governments, our group temporarily closed some restaurants and shortened their operating hours. As a result, the number of customers visiting our group’s restaurants fell markedly from March 2020, and revenue declined significantly.」
Travel restrictions, the state of emergency and requests to refrain from nonessential activities due to the spread of COVID-19 led to an actual decline in inbound visitors and domestic dining demand, resulting in temporary closures, shorter operating hours, and significant declines in customer traffic and revenue.