Impact of the Spread of the Novel Coronavirus on Demand for Dining Out and Business Performance
First written in FY2020. 5 of 15 entries say "Worsened", first in FY2021-Q3. Latest entry: FY2024.
Eat&Holdings 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.
16 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「During the consolidated fiscal year under review, COVID-19 was reclassified as a Category 5 disease under Japan's Infectious Diseases Control Law in May 2023. Restrictions on daily life and social activities were eased, consumer activity moved toward normalization, and the economy showed signs of gradual recovery.」
The Company indicated that the reclassification as a Category 5 disease and the easing of restrictions had put consumer activity on a path toward normalization and eased the previous impact on food service demand. - FY2024-Q2RestatedAnnual report
「The food service market had not yet returned to pre-pandemic levels, but showed steady recovery as foot traffic recovered.」
The Company continued to report steady recovery in the food service market driven by the recovery in foot traffic, although the market remained below pre-pandemic levels. - FY2024-Q1MitigatedAnnual report
「Regarding market trends in the Company's core businesses, the frozen food market and the Chinese food category exceeded the previous year's levels and remained firm. Although the food service market had not yet returned to pre-pandemic levels, it showed steady recovery as foot traffic recovered.」
The Company stated that the food service market had recovered steadily as foot traffic returned, although it had not yet reached pre-pandemic levels following the reclassification of COVID-19 as a Category 5 disease. - FY2023MitigatedAnnual report
「Meanwhile, the impact of COVID-19 is expected to become limited, and the food service market is expected to continue its gradual recovery.」
For the outlook for the next fiscal year, the Company indicated that the impact of COVID-19 would become limited and that the food service market would recover gradually. - FY2023-Q3MitigatedAnnual report
「During the first 9 months of the current consolidated fiscal year, the number of COVID-19 cases from the seventh wave declined from August onward, and the economy showed signs of recovery as restrictions on activities and entry into Japan were eased.」
The Company stated that COVID-19 cases from the seventh wave declined from August onward and that the economy showed signs of recovery as restrictions on activities and entry into Japan were eased. However, recovery in the food service market remained slow. - FY2023-Q2WorsenedAnnual report
「Regarding market trends in the Company's core businesses, the frozen food market remained firm, with the frozen dumpling category in particular continuing to grow at a rate that was driving the market. The food service market, however, had not recovered to pre-pandemic levels, and a challenging operating environment continued.」
The Company stated that the frozen food market remained firm, while the food service market had not returned to pre-pandemic levels and the recovery in performance was slowing due to factors including the increase in infections during the seventh wave. - FY2023-Q1MitigatedAnnual report
「Although the food service market had not returned to pre-pandemic levels, some formats, including family restaurants, showed steady recovery.」
The Company stated that some food service formats were showing steady recovery, although the market had not yet reached pre-pandemic levels, indicating that some of the impact had eased compared with before. - FY2022WorsenedAnnual report
「During the consolidated fiscal year under review, Japan's economy remained in an uncertain situation. Personal consumption declined, particularly for face-to-face services, due to the state of emergency declared during the fifth wave of COVID-19 infections and the sixth wave caused by the Omicron variant.」
Personal consumption declined during the fifth and sixth waves, while restrictions on operating hours and the serving of alcoholic beverages continued in the food service market. The risk of a prolonged and expanded impact from COVID-19 was indicated more strongly than before. - FY2022-Q3RestatedAnnual report
「Regarding market trends in the Company's core businesses, the frozen food market continued to grow steadily amid expanding demand for home-delivered meals, while the food service market had not yet returned to pre-pandemic levels. Restrictions on restaurant operating hours and the serving of alcoholic beverages under the state of emergency in major metropolitan areas and the quasi-emergency measures in other regions continued to have an impact.」
The Company reported continued growth in the frozen food market, while the food service market had not yet recovered to pre-pandemic levels and restrictions on operating hours and the serving of alcoholic beverages continued. It also referred to a recovery trend driven by vaccinations, while noting concerns about new variants. - FY2022-Q2WorsenedAnnual report
「Although sales across all food service formats in July, according to the Japan Food Service Association, showed signs of recovery at 102.1% year on year, they remained at 86.8% of the level in the same month two years earlier and had not yet returned to pre-pandemic levels. Restrictions on restaurant operating hours and the serving of alcoholic beverages under the state of emergency in major metropolitan areas and the quasi-emergency measures in other regions continued to have an impact.」
Sales recovered year on year but remained at 86.8% of the pre-pandemic level. The impact of restrictions on food service operations due to the fifth wave of infections, the state of emergency and the quasi-emergency measures continued. - FY2022-Q1RestatedAnnual report
「Although the food service market showed signs of recovery, with sales across all food service formats in May this year reaching 119.8% year on year (Japan Food Service Association, Food Service Industry Market Trend Survey), sales remained at 80.2% of the level in May two years earlier and had not yet returned to pre-pandemic levels. Restrictions on restaurant operating hours and the serving of alcoholic beverages under the state of emergency in major metropolitan areas and the quasi-emergency measures in other regions continued to have an impact.」
The food service market recovered to 119.8% year on year, but remained at 80.2% of its pre-pandemic level. The impact of restrictions on operating hours and the serving of alcoholic beverages under the state of emergency and related measures continued. - FY2021-Q4WorsenedAnnual report
「With the third wave of COVID-19 infections growing to a scale exceeding that of the second wave as winter approached, concerns about another economic downturn, particularly in personal consumption, have resurfaced. Following the declaration of a state of emergency focused on major metropolitan areas at the beginning of the year, the risk has also been noted that economic sentiment could deteriorate further depending on developments.」
The expansion of the third wave beyond the scale of the second wave and the state of emergency focused on major metropolitan areas increased downside risks to food service demand and economic sentiment. In addition, the Company recorded a ¥51.846 million loss related to COVID-19 as an extraordinary loss. - FY2021-Q3WorsenedAnnual report
「Regarding the impact of COVID-19 in the fiscal year ended February 2021, the Company made accounting estimates in assessing the recoverability of deferred tax assets and calculating the recoverable amount for impairment testing of fixed assets. These estimates assumed that the business would recover to a certain extent by the end of the fiscal year, based on the recent recovery following the lifting of the state of emergency declared by the government and the easing of requests by local governments to refrain from going out, while the impact of COVID-19 would continue from the fiscal year ending February 2022 onward.」
The Company assumed that business would recover to a certain extent by the end of the fiscal year, while the impact of COVID-19 would continue from the fiscal year ending February 2022 onward, and reflected this assumption in its accounting estimates. - FY2021-Q2MaterialisedAnnual report
「Under these circumstances, the food service segment, which was forced to temporarily close some restaurants and shorten operating hours, suffered declines in both revenue and profit. Meanwhile, increased stay-at-home demand resulting from the pandemic stimulated the frozen food market, and transaction volume in the food segment grew substantially year on year.」
The spread of COVID-19 resulted in temporary restaurant closures, shortened operating hours, and declines in food service revenue and profit. In the food segment, stay-at-home demand stimulated the frozen food market, partially offsetting the impact. - FY2020First statedAnnual report
「The global spread of COVID-19, which became apparent in early 2020, led countries around the world to impose travel restrictions, including bans on entry and departure, as well as restrictions on going out. In Japan, a state of emergency was declared and lifted on 25 May 2020, significantly affecting the food service industry.」
The spread of COVID-19 led to an actual sharp decline in inbound demand, temporary closures and changes to operating hours at some stores, and lower sales in the food service business. The Company also identified the potential impact on performance as a risk if the effects were to expand and persist.