Business and Financial Impact of the Spread of COVID-19
First written in FY2021-Q1. 5 of 14 entries say "Restated". Latest entry: FY2024-Q3.
Wakou Shokuhin 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: 119 of 169 companies on the "Worse" side.
47 other companies' latest entry also says "Mitigated".
- FY2024-Q3MitigatedAnnual report
「During the 3rd quarter cumulative consolidated period, the recovery trend in Japan's economy from the impact of COVID-19 became more pronounced, and, with the employment and income environment improving, a moderate recovery is expected to continue, supported by the effects of various policies. However, the impact of rising prices and volatility in financial and capital markets must be closely monitored.」
The disclosure states that the recovery trend from the impact of COVID-19 has become clearer and indicates that the impact of the infection on the business environment is easing. - FY2024-Q1MitigatedAnnual report
「During the first quarter of the consolidated fiscal year, Japan's economy saw gradual movement toward the resumption of economic and social activity as the classification of COVID-19 was changed to a Class 5 infectious disease and the volume of travel in Japan and overseas recovered.」
Against the backdrop of COVID-19 being reclassified as a Class 5 infectious disease and the recovery in the volume of travel, economic and social activity resumed, and the disclosure indicated that the impact on the business environment was easing. - FY2023RestatedAnnual report
「Although economic activity has begun to resume gradually, the timing of the complete containment of COVID-19 remains unforeseeable. If another state of emergency or requests to refrain from going out are issued due to a resurgence of COVID-19, the Company's operating results and financial position may be seriously affected.」
While the resumption of economic activity is described, the timing of complete containment of the infection remains unforeseeable, and the potential impact on operating results and financial position from renewed restrictions on activities continues to be identified. - FY2023-Q3MitigatedAnnual report
「In the seasonings industry, demand for at-home consumption remained elevated, while sales in the food-service market also recovered as restrictions on activities were lifted.」
While demand for at-home consumption continued, sales in the food-service market also recovered as restrictions on activities were lifted, and the disclosure indicated that the impact of the infection on the business environment was easing. - FY2023-Q2MitigatedAnnual report
「In the seasonings industry, demand for at-home consumption remained elevated, while sales in the food-service market also recovered as restrictions on activities were lifted.」
While demand for at-home consumption continued, sales in the food-service market also recovered as restrictions on activities were lifted, and the disclosure indicated that the impact of the infection on the business environment was easing. - FY2023-Q1MitigatedAnnual report
「During the first quarter of the consolidated fiscal year, restrictions on economic activity resulting from the impact of COVID-19 were gradually eased as measures to prevent the spread of infection, including vaccinations, became more widespread, and some signs of recovery emerged in social and economic activity.」
Restrictions on economic activity were gradually eased against the backdrop of vaccinations and other measures, and signs of recovery emerged in social and economic activity. Although infection-related risks continued, the disclosure indicated that the impact on the business environment was easing compared with the previous fiscal year. - FY2022RestatedAnnual report
「As COVID-19 continues to spread worldwide and the timing of its containment remains uncertain, the following risks are anticipated and may affect the performance of the Group.」
The timing of containment of the infection remains uncertain, and the effects on employee infections, procurement of raw materials and consumer trends continue to be identified as risks. - FY2022-Q3RestatedAnnual report
「During the nine months ended 31 December, Japan's economy showed signs of recovery as the decline in new infections resulting from progress in COVID-19 vaccinations and the lifting of the state of emergency and priority preventive measures on 30 September 2021 gradually eased the severe economic environment. However, the outlook remained uncertain as infections began to spread again following the emergence of new variants.」
The disclosure describes signs of recovery following vaccinations and the lifting of restrictions on activities, while the renewed spread of infections due to new variants and uncertainty over the outlook continue. - FY2022-Q2RestatedAnnual report
「However, as the spread of COVID-19 caused by variants continued, repeated declarations of a state of emergency and the implementation of priority preventive measures forced people to refrain from engaging in various social and economic activities, and the outlook remained uncertain.」
Although signs of improvement began to emerge as vaccination rates rose, the renewed spread of infections due to variants and restrictions on activities continued to affect the business and leave the outlook uncertain. - FY2022-Q1RestatedAnnual report
「However, the spread of COVID-19 has resumed due to the emergence of variants, and the impact of the infection has continued amid successive declarations of a state of emergency and the implementation of priority preventive measures. The outlook therefore remains uncertain.」
The renewed spread of infections due to variants and declarations of a state of emergency and other measures continue to affect the business, leaving the outlook uncertain. - FY2021MaterialisedAnnual report
「Net sales were ¥9,975 million, down 10.0% year on year.」
The impact of COVID-19 on sales to the food-service sector, domestic and overseas segment sales, factory operating rates and operating income and loss materialized in the full-year results. - FY2021-Q3WorsenedAnnual report
「In the seasonings industry, demand for products for at-home and takeout consumption sold through retail outlets, including major mass retailers, food supermarkets and drugstores, remained stable due to stay-at-home consumption driven by calls to refrain from nonessential and nonurgent outings and the expansion of telework during the COVID-19 pandemic. However, sales of products for the food-service sector remained sluggish as restaurants that had temporarily begun to recover with campaigns such as the Go To Eat campaign again shortened their business hours in response to the renewed increase in infections, resulting in fewer visitors.」
Demand for at-home and takeout consumption remained stable, while the food-service market, which had temporarily recovered with campaigns such as the Go To Eat campaign, again saw fewer visitors and sluggish sales due to the renewed increase in infections and shortened business hours. - FY2021-Q2WorsenedAnnual report
「Sales had declined due to requests for the food-service market, the company's main sales channel, to suspend operations or shorten business hours in response to the impact of the spread of COVID-19, but some recovery was seen after the state of emergency was lifted.」
Although some recovery was seen after the state of emergency was lifted, sales continued to decline in the second quarter due to the suspension of operations and shortened business hours in the food-service market. - FY2021-Q1MaterialisedAnnual report
「During the first quarter of the consolidated fiscal year, Japan's economy was in an extremely difficult situation as social and economic activity stagnated due to requests for businesses to close and people to refrain from going out under the state of emergency, amid the global spread of COVID-19.」
The spread of COVID-19 has resulted in sluggish sales to the food-service sector, lower sales in the domestic and overseas segments, lower factory operating rates, and the recording of operating and net losses. The disclosure also describes the potential impact on financial position, operating results and cash flows from a prolonged and more serious spread of the infection.