Impact of COVID-19 on Business and Financial Condition
First written in FY2020. 5 of 17 entries say "Mitigated", first in FY2023-Q1. Latest entry: FY2026.
Warabeya Nichiyo 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 2020: 103 of 175 companies on the "Worse" side.
50 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「If infections spread domestically and in the regions where the Group operates, the Group's operating results and financial position may be affected by restrictions on going out, the stagnation of economic activity and other factors.」
The possibility that infectious diseases generally could affect operating results and financial position through restrictions on going out and the stagnation of economic activity continues to be disclosed. - FY2024ReframedAnnual report
「If infections spread domestically and in the regions where the Group operates, the Group's operating results and financial position may be affected by restrictions on going out, the stagnation of economic activity and other factors.」
The disclosure has been reorganized from a focus on the impact of COVID-19 on actual results to a general description of risks related to infectious diseases in Japan and overseas generally. - FY2024-Q3MitigatedAnnual report
「Net sales were ¥134.868 billion, up ¥6.084 billion, or 4.7%, year on year, as recovery from the adverse effects of COVID-19 progressed.」
Recovery from the adverse impact of COVID-19 continued in the food-related business, whose revenue increased 4.7% year on year. - FY2024-Q2MitigatedAnnual report
「Revenue for the cumulative second quarter of the current consolidated fiscal year was ¥103,011 million, as recovery progressed in the core food-related business, up ¥5,152 million, or 5.3%, year on year.」
Recovery from the adverse impact of COVID-19 continued, and consolidated revenue increased 5.3% year on year. - FY2024-Q1MitigatedAnnual report
「The Japanese economy during the cumulative first quarter of the current consolidated fiscal year showed signs of a gradual recovery, due in part to increased movement of people following the reclassification of COVID-19 under Category 5.」
The disclosure describes increased movement of people following the reclassification of COVID-19 under Category 5 and a gradual economic recovery, indicating that the adverse impact of infectious diseases had eased compared with previously. However, it does not state that the risk from infectious diseases had disappeared. - FY2023ReframedAnnual report
「If infections spread domestically and in the regions where the Group operates, the Group's operating results and financial position may be affected by restrictions on going out, the stagnation of economic activity and other factors.」
The wording has been generalized from a focus on COVID-19 to the risk that infectious diseases in Japan and overseas generally could affect operating results and financial position. - FY2023-Q2MitigatedAnnual report
「Revenue was ¥97,858 million, as recovery from the adverse impact of COVID-19 progressed, up ¥1,878 million, or 2.0%, year on year.」
Although the adverse impact of COVID-19 remained, consolidated revenue increased 2.0% year on year, and the disclosure stated that recovery had progressed. - FY2023-Q1MitigatedAnnual report
「During the cumulative first quarter under review, the deterioration caused by COVID-19 eased, but uncertainty about the outlook persisted due to geopolitical risks such as the situation in Ukraine and the rapid depreciation of the yen.」
The impact of the economic deterioration caused by COVID-19 was described as having eased, and recovery progressed in the food-related business as well. However, the disclosure did not state that the impact of the pandemic had completely disappeared. - FY2022RestatedAnnual report
「During the current consolidated fiscal year, revenue declined as the Group was affected by reduced demand for leisure and going out and the stagnation of economic activity resulting from the spread of COVID-19. Depending on how the COVID-19 pandemic develops, it may continue to affect the Group's operating results and financial position.」
The impact of reduced demand and the stagnation of economic activity caused by COVID-19, as well as the possibility of an impact on future operating results and financial position, continued to be disclosed for the full year. - FY2022-Q3RestatedAnnual report
「Although all business segments were affected by requests to refrain from going out and the stagnation of economic activity, the core food-related business and the logistics-related business achieved some recovery from the same period of the previous year.」
The Company disclosed that although the impact of requests to refrain from going out and the stagnation of economic activity caused by COVID-19 remained across all business segments, the food-related and logistics-related businesses achieved some recovery from the same period of the previous year. - FY2022-Q2ReframedAnnual report
「Although all business segments were affected by requests to refrain from going out and the stagnation of economic activity, the core food-related business and the logistics-related business achieved some recovery from the same period of the previous year.」
The Company explained that although the impact of COVID-19 remained across all business segments, the food-related and logistics-related businesses achieved some recovery from the same period of the previous year. - FY2022-Q1ReframedAnnual report
「Although all business segments were affected by requests to refrain from going out and stagnant economic activity, some recovery was achieved from the previous corresponding period, and net sales for the first quarter cumulative consolidated period were ¥47.058 billion, up ¥728 million, or 1.6%, year on year.」
Although the impact of COVID-19 remained across all business segments, consolidated revenue increased 1.6% year on year as some recovery was achieved from the substantial decline in sales in the same period of the previous year. - FY2021MaterialisedAnnual report
「During the current consolidated fiscal year, revenue declined as the Group was affected by reduced demand for leisure and going out and the stagnation of economic activity resulting from the spread of COVID-19. Depending on how the COVID-19 pandemic develops, it may continue to affect the Group's operating results and financial position.」
The impact of COVID-19 emerged in actual operating results after initially being a concern, resulting in a 9.0% decline in full-year revenue. - FY2021-Q3RestatedAnnual report
「As the Group's business was affected in all business segments by requests to refrain from going out and the stagnation of economic activity, revenue for the cumulative third quarter of the current consolidated fiscal year was ¥146,317 million, down ¥15,596 million, or 9.6%, year on year.」
The impact of COVID-19 extended to all business segments and emerged in results for the cumulative third quarter as a 9.6% decline in revenue due to requests to refrain from going out and the stagnation of economic activity. - FY2021-Q2WorsenedAnnual report
「The Group had previously assumed that the impact of this matter would continue until around August 2020, but changed its assumption to one in which the impact would continue for a certain period from the following consolidated fiscal year onward, and is making accounting estimates for impairment of fixed assets, the recoverability of deferred tax assets, and inventory valuation.」
The assumption regarding the impact of COVID-19 was changed from continuation until around August 2020 to continuation for a certain period from the following consolidated fiscal year onward. The assumed duration of the impact was extended and reflected in estimates for impairment, deferred tax assets and inventory valuation. - FY2021-Q1MaterialisedAnnual report
「As the Group's business was affected in all business segments by requests to refrain from going out and the stagnation of economic activity, revenue for the cumulative first quarter of the current consolidated fiscal year was ¥46,330 million, down ¥7,954 million, or 14.7%, year on year.」
The impact of COVID-19 emerged in actual operating results after initially being a concern, with all business segments affected by requests to refrain from going out and the stagnation of economic activity, resulting in a 14.7% decline in consolidated revenue. - FY2020First statedAnnual report
「The Group is working to mitigate the impact on its business by taking various measures and continuing to provide safe and reliable products and services to customers. However, if the situation continues for an extended period or infections spread further, it may affect the Group's operating results and financial position.」
The risk that the prolonged COVID-19 pandemic and further spread of infections could affect operating results and financial position is disclosed for the first time as a separate risk. For accounting purposes, the Group has assumed that the impact will continue until around August 2020.