Business and Financial Impact of the Spread of COVID-19
First written in FY2020-Q1. 5 of 9 entries say "Restated". Latest entry: FY2022-Q3.
Japan Tobacco 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: 103 of 175 companies on the "Worse" side.
51 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「Due to the spread of COVID-19, we continue to operate each business in accordance with the policies and instructions of government and other authorities in each country, but there is currently no impediment to business continuity. Going forward, the impact of the spread of COVID-19 needs to be closely monitored and assessed together with foreign exchange trends and the responses of government and other authorities in each country. It is currently difficult to foresee when the COVID-19 pandemic will subside or its future impact, and depending on future developments, the situation may adversely affect the performance of the Group.」
The company reaffirmed that although the impact of the spread of COVID-19 continues, business continuity is not affected, while the uncertainty surrounding its future impact remains. - FY2022-Q1RestatedAnnual report
「Due to the spread of COVID-19, we continue to operate each business in accordance with the policies and instructions of government and other authorities in each country, but there is currently no impediment to business continuity. Going forward, the impact of the spread of COVID-19 needs to be closely monitored and assessed together with foreign exchange trends and the responses of government and other authorities in each country.」
Although the impact of the spread of COVID-19 continues, the explanation that business continuity is not affected was reaffirmed. - FY2021-Q3RestatedAnnual report
「Due to the spread of COVID-19, we continue to operate each business in accordance with the policies and instructions of government and other authorities in each country, but there is currently no impediment to business continuity.」
Although the impact of the spread of COVID-19 continues, the explanation that business continuity is not affected was reaffirmed. The impact on duty-free markets and products for the food-service market remains. - FY2021-Q2RestatedAnnual report
「Travel restrictions remain in place in various countries due to the spread of COVID-19. While the tobacco business has experienced a decline in duty-free sales, the overseas tobacco business has seen increased domestic demand in some high-priced markets. In the processed food business, although conditions are recovering compared with the previous fiscal year, sales of frozen and ambient products for the food-service market have declined due to requests to refrain from going out. At the same time, sales of products for home use have increased for the same reasons.」
Travel restrictions, lower duty-free sales, reduced demand from the food-service market and increased demand for home-use products continued due to the spread of COVID-19, but the quarterly report stated that there were no new risks or material changes. - FY2021-Q1RestatedAnnual report
「Although we expect the impact of the spread of COVID-19 to continue to some extent from fiscal 2021 onward, we assume that the economies of each country will recover gradually. At present, there is no material impact on accounting estimates or judgments involving estimates.」
The company expects the impact of the spread of COVID-19 to continue to some extent from fiscal 2021 onward, but states that there is currently no material impact on accounting estimates or related matters. - FY2020WorsenedAnnual report
「The spread of COVID-19 affected each business through factors including a decline in duty-free tobacco sales and changes in consumption trends in the domestic tobacco and processed food businesses. We estimate that this had an adverse impact of approximately ¥61 billion on consolidated revenue for the year.」
The estimated adverse impact of the spread of COVID-19 on consolidated revenue increased from approximately ¥45 billion previously to approximately ¥61 billion for the year. - FY2020-Q3WorsenedAnnual report
「During the third quarter of the current consolidated cumulative period, the spread of COVID-19 affected each business through factors including a decline in duty-free tobacco sales and changes in consumption trends caused by requests to refrain from going out under the state of emergency in the domestic tobacco and processed food businesses. We estimate that this had an adverse impact of approximately ¥45 billion on consolidated revenue.」
The estimated adverse impact of the spread of COVID-19 on consolidated revenue increased from approximately ¥35 billion in the second quarter to approximately ¥45 billion. - FY2020-Q2WorsenedAnnual report
「During the second quarter of the current consolidated cumulative period, the spread of COVID-19 affected each business through factors including a decline in duty-free tobacco sales and changes in consumption trends caused by requests to refrain from going out under the state of emergency in the domestic tobacco and processed food businesses. We estimate that this had an adverse impact of approximately ¥35 billion on consolidated revenue.」
The impact of the spread of COVID-19 became apparent as an adverse impact of approximately ¥35 billion on consolidated revenue. The estimated adverse impact was slightly more than ¥10 billion in the domestic tobacco business, approximately ¥20 billion in the overseas tobacco business and approximately ¥4 billion in the processed food business. - FY2020-Q1MaterialisedAnnual report
「Although we are operating our tobacco, pharmaceutical and processed food businesses in accordance with the policies and instructions of government and other authorities in each country in response to the spread of COVID-19, there is currently no impediment to business continuity and no material risk has emerged. Some business impacts from the spread of COVID-19 were also identified during the first quarter of the current consolidated cumulative period, but the financial impact remains limited. However, the impact on the duty-free business in the tobacco segment is unavoidable, and the effects on short- and long-term demand trends in each business remain uncertain. The impact on our businesses and financial results therefore needs to be closely monitored and assessed, together with foreign exchange trends. Depending on future developments, the situation may adversely affect the performance of the Group.」
The company explained that some business impacts from the spread of COVID-19 were identified in the first quarter, while business continuity was not affected and the financial impact remained limited. The impact on the duty-free business and short- and long-term demand trends was described as uncertain.