Business and Supply Risks from COVID-19
First written in FY2020. 5 of 14 entries say "Restated". Latest entry: FY2024.
Pietro 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.
45 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The global spread of various infectious diseases is expected to create risks in the product business, including delays in procuring raw materials and production stoppages, but, as a food manufacturer, we will work to ensure stable production and supply.」
The company continued to disclose responses to procurement, production, customer-traffic and hygiene-management risks arising from future infectious-disease outbreaks, without limiting the scope to COVID-19. - FY2024-Q3MitigatedAnnual report
「During the nine-month period of the current consolidated fiscal year, efforts to bring the COVID-19 pandemic to an end accelerated and the economy was on a gradual recovery trend. However, the outlook remained uncertain due to an economic slowdown resulting from high prices and the impact of worldwide monetary tightening, as well as the prolonged depreciation of the yen.」
Efforts to bring the COVID-19 pandemic to an end and the economic recovery trend continued, and business constraints from the infection weakened from the previous fiscal year, while other economic risks were disclosed. - FY2024-Q2MitigatedAnnual report
「During the cumulative second-quarter consolidated period, Japan’s economy moved toward normalization of economic activity as efforts to bring the COVID-19 pandemic to an end accelerated. However, the outlook remained uncertain amid an economic slowdown resulting from high prices and the impact of global monetary tightening, as well as the prolonged depreciation of the yen.」
The company disclosed progress toward bringing the COVID-19 pandemic to an end and the normalization of economic activity, indicating that business constraints from the infection continued to weaken from the previous fiscal year. - FY2024-Q1MitigatedAnnual report
「During the three-month period of the current consolidated fiscal year, Japan's economy gradually recovered as efforts to bring the COVID-19 pandemic to an end accelerated.」
The company disclosed accelerating efforts to bring the COVID-19 pandemic to an end and the recovery of the restaurant industry after restrictions on activities were eased, indicating that business constraints from the infection had weakened from the previous fiscal year. - FY2023-Q3RestatedAnnual report
「During the nine-month period of the current consolidated fiscal year (from 1 April 2022 to 31 December 2022), infections due to new variants of COVID-19 spread again, but restrictions on activities were eased in stages and signs of a gradual economic recovery emerged.」
The company disclosed both the renewed spread of infections due to new variants and the easing of restrictions on activities and signs of economic recovery, continuing its disclosure of the infection-risk situation. - FY2023-Q2WorsenedAnnual report
「During the six-month period of the current consolidated fiscal year (from 1 April 2022 to 30 September 2022), Japan's economy showed signs of a gradual recovery, although infections had spread again from July due to the seventh wave of COVID-19, as the transition to a new phase of living with COVID-19 began.」
The renewed spread of infections due to the seventh wave of COVID-19 actually occurred, while the company also disclosed the easing of restrictions on activities and the transition to living with COVID-19. - FY2022RestatedAnnual report
「During the current consolidated fiscal year, Japan's economy remained in a difficult situation despite the wider availability of COVID-19 vaccines, due in part to the renewed spread of infections with new variants.」
The company continued to describe recovery factors from wider vaccine availability, while also disclosing the renewed spread of infections with new variants and the difficult economic environment. - FY2022-Q3WorsenedAnnual report
「During the nine-month period of the current consolidated fiscal year, Japan's economy continued to be significantly affected by the spread of COVID-19, although progress in vaccinations led to signs of recovery in economic activity. However, infections with new variants were spreading again, and the outlook remained uncertain.」
Although vaccinations generated signs of recovery, infection risks and uncertainty about the outlook continued due to the renewed spread of infections with new variants. - FY2022-Q2RestatedAnnual report
「During the six-month period of the current consolidated fiscal year, Japan's economy remained in a difficult situation, with no signs that the spread of COVID-19 was coming to an end. While a certain level of at-home dining demand continued in the food industry, the restaurant industry faced a difficult operating environment due to the significant impact of requests to refrain from going out and to reduce operating hours.」
The company continued to disclose the lack of visibility on an end to the infection and the impact of requests to refrain from going out and reduce operating hours on the restaurant industry. - FY2021RestatedAnnual report
「In response to various requests from the government and local authorities related to COVID-19, certain stores were temporarily closed. Fixed costs incurred during the temporary closure period, including personnel expenses, land and rent expenses, and depreciation, were recorded as extraordinary losses under "infection-related losses."」
Store closures due to the infection and the recording of ¥45.238 million in fixed costs as infection-related losses were confirmed for the full fiscal year, indicating that the risk continued to materialize. - FY2021-Q3MaterialisedAnnual report
「In response to various requests from the government and local authorities related to COVID-19, certain stores were temporarily closed. Fixed costs incurred during the temporary closure period, including personnel expenses, land and rent expenses, and depreciation, were recorded as extraordinary losses under "infection-related losses."」
Fixed costs of ¥45.238 million associated with temporary closures at certain stores were recorded as infection-related losses under extraordinary losses, indicating that the impact of the infection risk continued to materialize in the results. - FY2021-Q2MaterialisedAnnual report
「In response to various requests from the government and local authorities related to COVID-19, certain stores were temporarily closed. Fixed costs incurred during the temporary closure period, including personnel expenses, land and rent expenses, and depreciation, were recorded as extraordinary losses under "infection-related losses."」
The infection risk materialized as temporary closures at certain stores, and ¥45.238 million in fixed costs was recorded as infection-related losses under extraordinary losses. - FY2021-Q1MaterialisedAnnual report
「In response to various requests from the government and local authorities related to COVID-19, certain stores were temporarily closed. Fixed costs incurred during the temporary closure period, including personnel expenses, land and rent expenses, and depreciation, were recorded as extraordinary losses under "infection-related losses."」
The infection risk materialized as temporary closures at certain stores, and ¥45.238 million in fixed costs was recorded as infection-related losses under extraordinary losses. - FY2020First statedAnnual report
「The global spread of COVID-19 continues to raise concerns in the food business about risks including delays in procuring raw materials and production stoppages, but, as a food manufacturer, we are working to ensure stable production and supply. We have also strengthened mail-order sales as a COVID-19 countermeasure. In the restaurant business, we have focused on measures to prevent the spread of COVID-19, including distributing masks to all employees and ensuring that they wear them, and disinfecting customers' tables and chairs, while also working to strengthen merchandise sales and expand takeaway menus. We also continue to promote working from home for office functions at headquarters and elsewhere. However, any further spread of COVID-19 could significantly affect the performance of our group.」
Risks including delays in procuring raw materials, production stoppages and restaurant closures due to COVID-19 were explicitly disclosed for the first time. Restaurant closures, reduced operating hours and lower sales were described as actual impacts that occurred during the fiscal year.