Business and Financial Impact of COVID-19
First written in FY2020. 2 of 16 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2025.
2 other companies' latest entry also says "Dropped".
- FY2025DroppedAnnual report
「Japan's economy during the consolidated fiscal year under review showed signs of gradual recovery due to improvements in employment and income conditions and a recovery in personal consumption.」
The business and financial impact of COVID-19 was not disclosed as a separate factor in the explanations of the economic environment and business performance for the fiscal year under review. - FY2024-Q3RestatedAnnual report
「Japan's economy during the cumulative third quarter of the current consolidated fiscal year showed a gradual recovery in economic activity as restrictions on activity were eased following the reclassification of COVID-19 as Category V under the Infectious Diseases Control Law and other factors.」
The company continues to explain that economic activity showed a gradual recovery as COVID-19 was reclassified as Category V and restrictions on activity were eased. - FY2024-Q2RestatedAnnual report
「Japan's economy during the cumulative second quarter of the current consolidated fiscal year showed a gradual recovery in economic activity as restrictions on activity were eased following the reclassification of COVID-19 as Category V under the Infectious Diseases Control Law and other factors.」
The company continues to explain that economic activity showed a gradual recovery as COVID-19 was reclassified as Category V and restrictions on activity were eased. - FY2024-Q1MitigatedAnnual report
「Japan's economy during the cumulative first quarter of the current consolidated fiscal year showed a gradual recovery in economic activity as restrictions on activity were eased following the reclassification of COVID-19 as Category V under the Infectious Diseases Control Law and other factors.」
The company states that economic activity showed a gradual recovery as COVID-19 was reclassified as Category V and restrictions on activity were eased. The impact of the infection on the business environment was less severe than through the previous fiscal year. - FY2023-Q3Recovery continued without restrictions on activity even during the eighth waveAnnual report
「Japan's economy during the cumulative third quarter of the current consolidated fiscal year continued to show signs of recovery, despite another sharp increase in new COVID-19 cases following the arrival of the eighth wave, due to the absence of restrictions on activity and economic policies such as nationwide travel subsidies.」
Although new COVID-19 cases rose sharply during the eighth wave, economic recovery continued because there were no restrictions on activity and economic policies such as nationwide travel subsidies were implemented. - FY2023-Q2Recovery continued without restrictions on activity even during the seventh waveAnnual report
「Japan's economy during the cumulative second quarter of the current consolidated fiscal year continued to show signs of recovery, despite a sharp increase in infections due to the seventh wave of COVID-19, because there were no restrictions on activity.」
The company states that economic recovery continued because there were no restrictions on activity, despite a sharp increase in infections, and that the business impact of COVID-19 remained partly mitigated. - FY2023-Q1MitigatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, Japan’s economy showed signs of normalization in social and economic activity as the effects of COVID-19 eased. However, the outlook remains uncertain due in part to higher energy prices, including fuel and electricity prices, resulting from the situation in Ukraine, supply-chain instability caused by global logistics disruptions and the effects of yen depreciation.」
The impact of COVID-19 eased, and socioeconomic activity showed signs of moving toward normalization. However, uncertainty about the outlook remained due to other external factors. - FY2022The impact of COVID-19 continued due to the sixth wave and the Omicron variantAnnual report
「Japan's economy in the fiscal year under review showed signs of stagnation in economic activity as the impact of COVID-19 continued for an extended period and states of emergency and other measures were repeatedly declared in many regions. Although the state of emergency was lifted at the end of September, raising expectations for an economic recovery, a full-scale recovery did not materialize following the emergence of the sixth wave. The number of new cases leveled off amid the Omicron variant and the emergence of new variants, and the situation continued to require close monitoring.」
During the fiscal year, the prolonged impact of COVID-19, repeated states of emergency, the sixth wave, the Omicron variant and new variants prevented a full-scale recovery. - FY2022-Q3Some demand recovered, but there was no full-scale recovery, while the threat of variants and stagnation in the food-service sector continuedAnnual report
「As the number of new COVID-19 cases declined from September, the state of emergency and other measures were lifted nationwide, and signs of recovery in economic activity emerged, but a full-scale recovery did not materialize. In addition, the threat of the spread of new variants meant that the timing of containment remained unclear, and the situation continued to require close monitoring.」
Some demand recovered following the lifting of the state of emergency and other measures and an increase in the food-service sector year on year, but there was no full-scale recovery, and the threat of variants and stagnation in the food-service industry and other sectors continued. - FY2022-Q2Some demand recovered year on year, while the impact of the infection and stagnation in the food-service sector continuedAnnual report
「As a result, revenue for the six months ended the second quarter was ¥24.224 billion, compared with ¥23.285 billion in the same period of the previous year, due in part to the absence of school closures implemented in the previous year and an increase in the food-service market year on year.」
Sales recovered because nationwide school closures were not implemented in the previous year and the food-service sector increased year on year. However, the food-service industry and other sectors remained sluggish, and the company stated that the timing of containment remained unclear. - FY2022-Q1The business impact was partly mitigated by recovery in the food-service sector and other factorsAnnual report
「Sales were ¥1.2064 billion, compared with ¥1.0921 billion in the same period of the previous year, as there were no school closures as in the previous year and the food-service sector was trending toward recovery year on year.」
Sales exceeded those in the same period of the previous year because there were no school closures and the food-service sector was trending toward recovery year on year. However, the food-service industry and other sectors remained sluggish compared with before the COVID-19 pandemic, and the timing of containment remained uncertain. - FY2021Annual revenue and operating profit declined, while net income recoveredAnnual report
「Sales for the consolidated fiscal year were ¥48.897 billion, down 9.9% year on year. Operating profit was ¥743 million, down 44.4% year on year, and ordinary profit was ¥910 million, down 37.1%.」
Due to the impact of COVID-19, annual sales fell 9.9% and operating profit fell 44.4%. However, net income attributable to owners of the parent increased 54.7%, mainly because the impairment loss recorded in the previous year did not recur. - FY2021-Q3Some demand recovery, but the impact of the infection continuesAnnual report
「The Group continues to be affected by the spread of COVID-19, including declining sales, particularly of frozen foods for the food-service industry.」
While some recovery, including a recovery in demand after schools reopened, has been seen, the business impact of COVID-19 continues, including declining sales, particularly of frozen foods for the food-service industry. - FY2021-Q2MaterialisedAnnual report
「Against this backdrop, the Group has continued to respond to changes in market conditions, while making the safety of customers and employees its top priority. However, due to the effects described above, sales for the cumulative second quarter of the current consolidated fiscal year were ¥23.285 billion, down 12.9% year on year.」
The impact of COVID-19 on the food-service and school-lunch sectors and other areas continued, and company-wide sales fell 12.9% year on year. Sales in the frozen foods segment fell 15.6%, while sales in the daily-delivery foods segment fell 6.6%. - FY2021-Q1MaterialisedAnnual report
「Against this backdrop, the Group has continued to respond to changes in market conditions, while making the safety of customers and employees its top priority. However, due to the effects of requests to refrain from going out, school closures and other factors, sales for the cumulative first quarter of the current consolidated fiscal year were ¥10.921 billion, down 17.3% year on year.」
The effects of requests to refrain from going out, school closures and other measures related to COVID-19 were reflected in a 17.3% decline in company-wide sales. The business impact of the infection has become more concrete in actual results than in the previous fiscal year's disclosures. - FY2020First statedAnnual report
「The Group has been affected by the stagnation of economic activity accompanying various measures to prevent the spread of COVID-19, including government-led school closures and requests for restraints on operations in the food-service sector. These effects have included declining sales in those sectors and production adjustments at manufacturing facilities as a result. In addition, the global spread of COVID-19 has not yet ended, and concerns remain about a second wave and subsequent resurgence in Japan,」
The company has, for the first time, separately disclosed declining sales and production adjustments in the food-service and school-lunch sectors as risks that have already materialized due to COVID-19. It states that the timing of containment and the degree of the impact on economic activity cannot be predicted.