Risk of fluctuations in production, sales and demand due to COVID-19
First written in FY2020. 9 of 14 entries say "Mitigated", first in FY2022-Q1. Latest entry: FY2024.
6 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「The business environment surrounding the food industry saw further easing of activity restrictions related to the spread of the COVID-19 pandemic, and signs of a recovery in private consumption emerged」
The company explained that the easing of activity restrictions and the normalization of economic activity had further eased the demand-side impact of the infectious disease. However, disclosures regarding the risk of production stoppages caused by infections at factories have continued. - FY2024-Q3MitigatedAnnual report
「As restrictions on activity related to the spread of the COVID-19 pandemic were eased further, signs of a recovery in private consumption emerged as economic activity normalized.」
The company reported a recovery in private consumption resulting from the easing of activity restrictions and the normalization of economic activity, further easing the demand-side impact of the infectious disease. - FY2024-Q1MitigatedAnnual report
「As restrictions on activity related to the spread of COVID-19 were increasingly eased, personal consumption showed signs of recovery as economic activity normalized.」
The company explained that the easing of activity restrictions and the normalization of economic activity had led to signs of a recovery in private consumption, partially easing the demand-side impact of the infectious disease. - FY2023-Q3MitigatedAnnual report
「The year-end and New Year period was free of activity restrictions for the first time in 3 years, and sales of New Year dishes declined, although lifestyles during the year-end and New Year period continued to diversify」
With no activity restrictions during the year-end and New Year period, the decline in demand directly attributable to school and outing restrictions related to the infectious disease was partially eased. However, product-specific changes in demand resulting from increasingly diverse lifestyles have continued. - FY2023-Q2MitigatedAnnual report
「Demand for boxed lunches recovered as school events and other activities that had been subject to voluntary restrictions due to the COVID-19 pandemic resumed,」
Demand for school events and boxed lunches, which had declined due to the infectious disease, recovered, partially easing the demand-side impact of the infectious disease. However, the impact of the infectious disease itself has continued for an extended period, according to the disclosure. - FY2023-Q1MitigatedAnnual report
「Demand for packed lunches recovered as school events and other activities that had tended to be curtailed due to the impact of COVID-19 resumed. In addition, we raised selling prices following revisions to shipment prices and secured shelf space through sales activities suited to the season and timing, resulting in higher sales of our core meatball products.」
Demand for school events and boxed lunches, which had been sluggish due to the infectious disease, recovered, leading to higher sales of the core meatball products. - FY2022-Q3MitigatedAnnual report
「Sales of our core products, meatballs and chicken soboro, increased during the current period due to the recovery in demand for lunch-box products, which had declined because of temporary nationwide school closures and the cancellation of school events caused by COVID-19, as well as efficient sales activities aligned with changes in consumer behavior.」
Demand for boxed lunches, which had declined due to the infectious disease, recovered, leading to higher sales of the core meatball and chicken soboro products. - FY2022-Q2MitigatedAnnual report
「Demand for boxed-lunch products, which had declined due to temporary school closures and the cancellation of school events and other measures taken in response to the COVID-19 pandemic, recovered, resulting in higher sales of the core products meatballs and chicken soboro during the period.」
Demand for boxed-lunch products, which had declined due to the infectious disease, recovered, leading to higher sales of the core meatball and chicken soboro products. - FY2022-Q1MitigatedAnnual report
「Sales of our core products, meatballs and chicken soboro, increased as demand for lunch-box products, which had declined in the previous fiscal year due to temporary nationwide school closures and the cancellation of school events caused by COVID-19, recovered, and demand for eating at home remained firm as we continued to offer proposals.」
The decline in demand for boxed lunches caused by the infectious disease recovered in the first quarter, leading to higher sales of core products. However, the deterioration in economic activity and uncertainty over the outlook due to the spread of the infectious disease remained, according to the disclosure. - FY2021Updated full-year results for the impact of COVID-19Annual report
「The Company’s revenue from boxed-lunch products declined in the first half because nationwide school closures and measures such as the cancellation, shortening and scaling back of school events accompanying the spread of COVID-19 reduced demand. Revenue from the core meatball products also declined. For New Year’s dishes, we prioritized the health and safety of customers and employees and reduced production and changed the specifications of boxed osechi meals to avoid the “3 Cs” at production sites, resulting in a decline in revenue.」
The impact of the infectious disease was felt throughout the year in the form of weaker demand for boxed lunches, lower revenue from the core meatball products, and lower revenue resulting from reduced production and specification changes for New Year dishes. Meanwhile, revenue growth through mail-order sales, consumer cooperatives and other channels was also reported for regional products and prepared foods. - FY2021-Q3Differing impact of COVID-19 by product categoryAnnual report
「Revenue from boxed lunches, which had remained sluggish during the current fiscal year, had begun to stabilize, and revenue from the core meatball product line was recovering. However, revenue from New Year’s dishes declined because, as stated in the revised earnings forecast announced on 29 October 2020, we reduced production and changed the specifications of boxed osechi meals to avoid the “3 Cs” at production sites as an infection-prevention measure.」
The sluggish demand for boxed lunches stabilized and the meatball product line began to recover, while New Year’s dishes recorded a decline in revenue due to production cuts and specification changes made as infection-prevention measures. - FY2021-Q2WorsenedAnnual report
「Revenue declined significantly from the core meatball product line as demand for boxed lunches remained sluggish due to nationwide school closures and the cancellation or shortening of school events, while infection-prevention measures made it necessary to suspend sales activities such as in-store sampling.」
The impact of COVID-19 continued and became more specific in the form of weak school-related demand, the suspension of in-store sampling and a substantial decline in revenue from the core meatball product line. - FY2021-Q1MaterialisedAnnual report
「Demand for boxed lunches fell sharply because of nationwide school closures and the cancellation of school events. In addition, infection-prevention measures made it necessary to suspend sales activities such as in-store sampling, resulting in a significant decline in revenue from the core meatball product line.」
The Company explained that the decline in school-related demand, suspension of sales activities and decrease in revenue from its core meatball product line due to COVID-19 had actually occurred. - FY2020First statedAnnual report
「The spread of COVID-19 may cool consumer sentiment due to concerns about the future arising from fears of an economic downturn, while consumers’ food-related lifestyles may also change. The Company has likewise been affected by changes in eating habits resulting from requests to refrain from going out and other measures.」
The Company identified COVID-19 as a new major risk and explained that its impact was already evident in changes in consumer sentiment and eating habits. It described production stoppages due to infections at plants and declines in demand for boxed-lunch products and New Year’s dishes as potential future developments.