Decline in demand for dining out and school meals due to COVID-19
First written in FY2020. 10 of 17 entries say "Mitigated", first in FY2022-Q1. Latest entry: FY2026.
2 other companies' latest entry also says "Dropped".
- FY2026DroppedAnnual reportThis filing does not explicitly identify the decline in demand for restaurants and school meals caused by COVID-19 as a standalone risk.
- FY2024MitigatedAnnual report
「In May 2023, COVID-19 was reclassified as a Class 5 disease under Japan’s Infectious Diseases Control Law. Restrictions on daily life and social activities were eased, consumer activity moved toward normalization, and a gradual recovery trend became apparent.」
It states that consumer activity moved toward normalization as COVID-19 was reclassified as a Class 5 disease and restrictions on activities were eased, reducing the demand constraints on restaurants, school meals and other areas caused by COVID-19. - FY2024-Q3RestatedAnnual report
「During the nine months ended the third quarter, economic activity showed signs of a gradual recovery following the reclassification of COVID-19 as a Category V infectious disease.」
The filing continues to describe a recovery trend in economic activity following the reclassification of COVID-19 as a Category V infectious disease, and continues to characterize the impact of pandemic-related constraints on demand and activity as having diminished. - FY2024-Q2MitigatedAnnual report
「During the six months ended the second quarter, COVID-19 was reclassified as a Category V infectious disease under the Infectious Diseases Control Law in May 2023, easing restrictions on daily life and social activity. Consumer activity moved toward normalization, and signs of a gradual recovery were evident.」
The reclassification of COVID-19 as a Category V infectious disease and the easing of activity restrictions moved consumer activity toward normalization, with a gradual recovery noted. The impact of pandemic-related constraints on demand and activity has diminished. - FY2024-Q1MitigatedAnnual report
「During the three months ended the first quarter, the Japanese economy showed positive signs, including the normalization of socioeconomic activity and recovery in inbound tourism, as restrictions on activity associated with COVID-19 were eased.」
Restrictions on activity associated with COVID-19 were eased, advancing the normalization of socioeconomic activity and recovery in inbound tourism. The impact of pandemic-related constraints on demand and activity has diminished. - FY2023-Q3MitigatedAnnual report
「As a result, sales for the nine months ended the third quarter were ¥20,843.081 million, up 18.2% year on year.」
Although COVID-19 infections spread again, signs of recovery in socioeconomic activity emerged, and total company sales increased 18.2% year on year. The impact of lower demand on business performance was lower than in the same period of the previous year. - FY2023-Q2MitigatedAnnual report
「Sales for the six months ended the second quarter increased from the previous year, and the impact of COVID-19 was beginning to subside.」
The filing states that sales increased year on year and that the impact of COVID-19 was trending downward. The risk of lower demand has diminished, but uncertainty remains in the accounting estimates. - FY2023-Q1MitigatedAnnual report
「Sales for the three months ended the first quarter increased from the previous year, but have not yet recovered to pre-pandemic levels.」
Sales increased year on year, and commercial-use demand, including foodservice demand, was also recovering gradually, reducing the impact of the previous year's decline in demand. However, sales have not recovered to pre-pandemic levels, and risks remain. - FY2022MitigatedAnnual report
「Restaurant demand has begun to recover gradually following the lifting of the state of emergency and other restrictions, but we believe it will take time to recover to pre-pandemic levels.」
Commercial-use demand, including foodservice demand, began to recover gradually from the sharp decline in the previous fiscal year, and total company sales increased 2.0% year on year. However, sales have not recovered to pre-pandemic levels. - FY2022-Q3MitigatedAnnual report
「As a result, sales for the nine months ended the third quarter were ¥17,630.951 million, up 1.4% year on year.」
Despite the continuing impact of COVID-19, total company sales increased 1.4% year on year. Recovery from the decline in sales caused by lower demand in the previous fiscal year continued through the nine months ended the third quarter, but concerns about a renewed spread of infection remain. - FY2022-Q2MitigatedAnnual report
「As a result, sales for the six months ended the second quarter were ¥11,059.186 million, up 1.3% year on year.」
Total company sales, which had decreased 21.0% year on year in the same period of the previous year due to the decline in demand caused by COVID-19, changed to a 1.3% year-on-year increase for the six months ended the second quarter. Although weak foodservice demand continued, the impact of the decline in demand on company-wide performance was lower than in the same period of the previous fiscal year. - FY2022-Q1MitigatedAnnual report
「Compared with the state of emergency declared at the same time in the previous year, the difficult conditions in the foodservice industry and elsewhere have eased gradually. However, conditions have not yet recovered to pre-pandemic levels, and the company expects the uncertain situation to continue for the time being.」
The demand environment in the foodservice industry and elsewhere gradually improved compared with the same period of the previous year, and sales increased year on year in the boneless fish, meat and Other businesses. However, conditions have not recovered to pre-pandemic levels, and risks remain. - FY2021WorsenedAnnual report
「As a result, sales for the fiscal year were ¥22,507.264 million, down 16.2% year on year.」
The decline in demand for commercial-use products caused by COVID-19 continued throughout the fiscal year, resulting in a 16.2% year-on-year decline in total company sales. The decline in sales widened from 1.4% in the previous fiscal year. - FY2021-Q3Demand remained weak, but the decline in sales narrowedAnnual report
「In the boneless fish business, sales were ¥7,419.630 million, down 14.1% year on year, despite efforts to expand sales of products for medical and nursing-care meals, as the impact of the decline in demand caused by the spread of COVID-19 remained significant. In the meat business, sales were ¥1,568.928 million, down 25.1% year on year, despite continued efforts to expand sales of the “Rakuraku Takumi Series,” as the impact of the decline in demand caused by the spread of COVID-19 remained significant. In the Other business, sales were ¥8,397.298 million, down 20.5% year on year, despite efforts including direct sales to major users, due to the decline in demand caused by COVID-19. As a result, sales for the nine months ended the third quarter were ¥17,385.857 million, down 18.3% year on year.」
The decline in demand caused by COVID-19 continued to affect all 3 businesses and the company as a whole, resulting in an 18.3% year-on-year decline in total company sales. The decline narrowed from 21.0% in the previous cumulative quarter, but the impact on revenue continued in each business. - FY2021-Q2MaterialisedAnnual report
「In the boneless fish business, sales were ¥4,789.321 million, down 14.8% year on year, despite efforts to expand sales of proprietary products, as the impact of the decline in demand caused by the spread of COVID-19 remained significant, although demand was gradually recovering. In the meat business, sales were ¥986.407 million, down 29.2% year on year, despite continued efforts to expand sales of the “Rakuraku Takumi Series,” as the impact of the decline in demand caused by the spread of COVID-19 remained significant. In the Other business, sales were ¥5,142.261 million, down 24.6% year on year, despite efforts including direct sales to major users, as the decline in demand caused by the spread of COVID-19 continued, although signs of recovery were seen. As a result, sales for the six months ended the second quarter were ¥10,917.989 million, down 21.0% year on year.」
The decline in demand caused by the spread of COVID-19 continued to affect the boneless fish, meat and Other businesses, and total company sales decreased 21.0% year on year. Although gradual recovery was noted in each business, the impact on revenue had actually continued. - FY2021-Q1MaterialisedAnnual report
「As a result, sales in the boneless fish business were ¥2,318.775 million, down 15.0% year on year, despite efforts to expand sales of proprietary products, due to a decline in demand caused by the spread of COVID-19. In the meat business, sales were ¥466.839 million, down 29.6% year on year, as the significant decline in demand caused by the spread of COVID-19 outweighed efforts to expand sales of the “Rakuraku Takumi Series.” In the Other business, sales were ¥2,301.983 million, down 32.4% year on year, as the decline in demand caused by the spread of COVID-19 outweighed efforts including direct sales to major users. As a result, sales for the six months ended the first quarter were ¥5,087.599 million, down 25.2% year on year.」
The decline in demand caused by the spread of COVID-19 affected the boneless fish, meat and Other businesses, resulting in a 25.2% year-on-year decline in total company sales. The impact of the decline in foodservice and school-lunch demand described in the previous fiscal year continued into the first quarter as an actual decline in revenue. - FY2020MaterialisedAnnual report
「As a company handling only frozen foods for commercial use, we may be affected in our operating performance if the downturn in the foodservice industry caused by requests to refrain from going out as a COVID-19 countermeasure, and the suspension of school lunches due to the blanket closure of schools, continue. Although sales remained above the previous year through the cumulative third quarter, sales to the foodservice industry and for school lunches slowed in the fourth quarter due to the effects of requests to refrain from going out and other COVID-19 countermeasures, resulting in sales of ¥26,864.859 million, down 1.4% year on year.」
This filing identifies the impact of COVID-19 as a standalone risk for the first time and shows its actual impact, including slower sales to the foodservice and school-lunch markets and a 1.4% decline in full-year sales.