Impact of the spread of COVID-19 on store operations and consumer demand
First written in FY2020. 7 of 18 entries say "Mitigated", first in FY2022-Q3. Latest entry: FY2026.
Hub 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: 68 of 90 companies on the "Worse" side.
12 other companies' latest entry also says "Dropped".
- FY2026DroppedAnnual reportThe risk to store operations and demand from the spread of COVID-19, which had been listed as a standalone item through the previous filing, is not listed as a standalone item under the risks related to the business and other matters in this filing.
- FY2025-Q1MitigatedAnnual report
「During the cumulative first quarter, Japan's economy was on a moderate growth trajectory led by domestic demand, as economic and social activity normalized and foot traffic and inbound consumption recovered.」
The description has shifted from the strong operating and demand constraints caused by the pandemic to a recovery phase supported by the normalization of economic and social activity and the recovery of foot traffic and inbound consumption. - FY2024MitigatedAnnual report
「During the fiscal year, Japan's economy moved toward the normalization of economic and social activity, as the reclassification of COVID-19 to Category 5 under the Infectious Diseases Control Law in May 2023 led to relaxed restrictions on movement and increased foot traffic, while inbound consumption recovered, driven by domestic demand.」
The filing states that the shift to Category 5, easing of restrictions on movement, increased foot traffic and recovery in inbound consumption eased constraints on operations and demand, moving economic and social activity toward normalization. - FY2024-Q2MitigatedAnnual report
「As the effects of COVID-19 subsided, a gradual recovery continued, supported by the recovery in inbound consumption and a recovery in consumer sentiment led by domestic demand.」
The filing states that, as the impact of COVID-19 subsides, the operating environment is recovering against a backdrop of recovering foot traffic, inbound consumption and consumer sentiment. - FY2024-Q1MitigatedAnnual report
「During the cumulative first quarter period, Japan’s economy moved further toward the normalization of economic and social activity as the effects of COVID-19 subsided and the disease’s legal classification changed from Category 2 to Category 5.」
The impact of COVID-19 is subsiding, and the filing states that the reclassification of COVID-19 to Category 5 has advanced the normalization of economic and social activity. - FY2023MitigatedAnnual report
「The impact of COVID-19 is gradually showing signs of recovery.」
Although the impact of COVID-19 on operations and demand remains, the explanation has shifted to describe an overall gradual recovery trend. - FY2023-Q3ReframedAnnual report
「However, in the restaurant industry, the prolonged COVID-19 pandemic continues to affect the frequency of dining out and nighttime consumer behavior.」
The explanation of the impact has shifted from the effects of stringent operating restrictions receding to the continued decline in dining-out opportunities and changes in nighttime consumer behavior resulting from the prolonged pandemic. - FY2023-Q2WorsenedAnnual report
「However, in addition to the seventh wave of infections, which expanded from June, rising energy and raw material costs resulting from the emergence of geopolitical risks are continuing, and our business environment remains difficult.」
The filing states that, even after a return to normal operations from late March onward had been indicated, the seventh wave of infections expanded from June, with a greater-than-expected impact on business performance. - FY2023-Q1MitigatedAnnual report
「Vaccination with the third dose progressed nationwide, and the quasi-emergency measures to prevent the spread of disease were lifted in late March, with normal economic conditions beginning to return. However, continued limits on the number of customers allowed into stores and rising energy and raw material costs due to emerging geopolitical risks have affected the Company’s business environment.」
Measures taken in response to COVID-19 were lifted in late March, indicating some easing of the operating environment. However, the impact of restrictions such as limits on the number of customers allowed in stores remains. - FY2022MaterialisedAnnual report
「Shorter store opening hours, voluntary suspension of operations and other measures associated with the spread of COVID-19 may affect the Company’s results.」
COVID-19-related closures and shorter opening hours continued during the fiscal year under review, with the Company reporting results impacts including net sales of ¥2,386 million and an operating loss of ¥1,185 million. - FY2022-Q3MitigatedAnnual report
「From October onward, the Company resumed operations in line with the phased lifting of various restrictions, and resumed operations at all stores in November.」
Although closures and shorter opening hours due to COVID-19 continued to affect the period, the Company resumed operations in line with the phased lifting of restrictions and reopened all stores in November. - FY2022-Q2MaterialisedAnnual report
「In response to repeated requests from the national and local governments to suspend operations and shorten opening hours due to the spread of COVID-19, the Company closed all stores except certain locations for most of the cumulative second-quarter period.」
COVID-19-related operating restrictions continued to materialize through responses to repeated requests to suspend operations and shorten opening hours, resulting in company-wide store closures for most of the cumulative period. - FY2022-Q1RestatedAnnual report
「During the cumulative first-quarter period, Japan’s economy remained in a state in which consumption was stagnant due to the global spread of COVID-19. Although vaccination programs were progressing in Japan and overseas, the end of the spread of infection remained unforeseeable.」
The Company states that, although vaccination programs are progressing, the end of the spread of infection remains unforeseeable and consumption continues to stagnate. - FY2021MaterialisedAnnual report
「However, in view of the social situation in which the spread of the novel coronavirus could not be contained and there were no signs of it subsiding, the Company closed all stores for more than 4 months in total, excluding some stores, in connection with the government's 2 declarations of a state of emergency to help prevent the spread of infection, and also responded to multiple requests from local governments to shorten operating hours,」
The risk from COVID-19 materialized not only in the closure of all stores and shorter opening hours, but also in operating restrictions lasting more than 4 months of the fiscal year and a significant deterioration in results. - FY2021-Q3MaterialisedAnnual report
「In light of the impact of COVID-19, the Company closed 3 stores that it determined would require a particularly long time to become profitable, as well as 3 stores whose fixed-term building leases had expired, for a total of 6 stores,」
In light of the impact of the spread of infection, the Company closed 3 stores that it determined would require time to become profitable. The impact of COVID-19 on store profitability and operations extended beyond operating restrictions to store closures. - FY2021-Q2MaterialisedAnnual report
「Although operations have resumed sequentially at some stores since 25 May, it is difficult to predict when the situation will converge or how market conditions will develop.」
The spread of COVID-19 resulted in the closure of all stores and operating restrictions, followed by a phased resumption of operations at some stores from 25 May. The impact of the spread of infection had become a reality in store operations. - FY2021-Q1MaterialisedAnnual report
「After closing all stores for approximately 2 months, the Company resumed store operations ahead of schedule at a single location, HUB Akihabara, on 25 May, when the government’s state of emergency was lifted; operations resumed at 11 stores in certain areas of Aichi, Osaka and Kyoto from 28 May, at 36 stores in certain areas of Tokyo, Kanagawa, Chiba, Saitama and Miyagi from 1 June, and at 61 stores elsewhere from 8 June,」
The spread of COVID-19 led to actual store closures and operating restrictions, including the closure of all stores for approximately 2 months followed by a phased resumption of operations. - FY2020First statedAnnual report
「The spread of COVID-19 may affect the Company’s results through shorter store opening hours, voluntary suspension of operations and other measures. If the spread continues and consumer sentiment deteriorates due to a further economic downturn, the Company’s results may also be affected.」
The Company listed the spread of COVID-19 as a separate item under business and other risks for the first time. Its analysis of operating results also describes actual impacts, including reservation cancellations caused by efforts to prevent the spread of infection.