Impact of COVID-19 on Procurement and the Food-Service Business
First written in FY2020-Q2. 7 of 12 entries say "Restated". Latest entry: FY2024.
Kobe Bussan moved to the "Worse" side of this theme in 2024, 4 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
16 other companies' latest entry also says "Softened".
- FY2024SoftenedAnnual report
「During the fiscal year, conditions in Japan remained on a moderate recovery trend, with economic activity normalizing, increased movement of people, recovering inbound demand and improvements in the income environment.」
The disclosures have shifted from the previous focus on activity restrictions and store closures due to COVID-19 to the normalization of economic activity and the recovery in movement of people and inbound demand. - FY2023SoftenedAnnual report
「In addition to the lifting of restrictions on activities and restrictions on entry into Japan from overseas associated with COVID-19, COVID-19 was reclassified as a Category V infectious disease in May, and social and economic activity moved toward normalization.」
The focus of the disclosures has shifted from the previously described effects of COVID-19, such as temporary closures and shortened operating hours, to the normalization of social and economic activity following the lifting of activity restrictions and the reclassification of COVID-19 as a Category V infectious disease. - FY2023-Q3RestatedAnnual report
「If COVID-19 or other infectious diseases spread, our group may be affected in areas including product procurement, but we are taking measures such as diversifying product suppliers.」
The possibility of an impact on product procurement from the spread of infectious diseases and measures such as diversifying suppliers continue to be described. - FY2023-Q2RestatedAnnual report
「If COVID-19 resurges, our group may be affected in areas including product procurement, but we are taking measures such as diversifying product suppliers.」
The possibility of an impact on product procurement from a resurgence of COVID-19 and the response of diversifying suppliers continue to be described. - FY2023-Q1RestatedAnnual report
「COVID-19 has not yet subsided globally, and although our group has been affected in areas including product procurement, we have mitigated the risk by diversifying suppliers and other means, limiting the impact.」
The company continues to explain that although the impact of COVID-19 on procurement has continued, the impact has been limited through measures such as diversifying suppliers. - FY2022-Q2MitigatedAnnual report
「COVID-19 has not yet subsided globally, and although our group has been affected in areas including product procurement, we have mitigated the risk by diversifying suppliers and other means, limiting the impact. In the food-service business, stores have been temporarily closed and operating hours shortened intermittently in response to the spread of COVID-19, but the impact on our operating performance has also been limited.」
The company explains that although the impact on procurement and temporary closures and shortened operating hours at food-service stores have continued, the impact has been limited through risk mitigation measures such as diversifying suppliers. - FY2022-Q1RestatedAnnual report
「If the global spread of COVID-19 continues, it could affect the procurement of products and related activities. However, the Group is mitigating the risk by diversifying its suppliers and taking other measures.」
The potential impact of COVID-19 on procurement and risk mitigation through diversification of suppliers continue to be described. - FY2021-Q3RestatedAnnual report
「In the food-service business, stores have been temporarily closed and operating hours shortened in response to the spread of COVID-19. If this situation continues, it may affect the company's operating performance, although the company believes it is difficult to estimate the impact at this time.」
The risk assessment that continued temporary closures and shortened operating hours at food-service stores would make it difficult to estimate the impact on operating performance has been reiterated. - FY2021-Q1RestatedAnnual report
「In the food-service business, stores have been temporarily closed and operating hours shortened in response to the spread of COVID-19. If this situation continues, it may affect the company's operating performance, although the company believes it is difficult to estimate the impact at this time.」
The risk assessment that continued temporary closures and shortened operating hours at food-service stores would make it difficult to estimate the impact on performance has been reiterated. - FY2020ReframedAnnual report
「However, if infections spread rapidly in the future, this could affect product procurement, logistics functions and store operations.」
The stated scope of COVID-19 risks has expanded from the previous impact on food-service stores to the entire group, including product procurement, logistics functions and store operations. - FY2020-Q3RestatedAnnual report
「In the food-service business, stores have been temporarily closed and operating hours shortened in response to the spread of COVID-19. If this situation continues, it may affect the company's performance, although the company believes it is difficult to estimate the impact at this time.」
The risk assessment that continued temporary closures and shortened operating hours at food-service stores would make it difficult to estimate the impact on performance has been reiterated. - FY2020-Q2First statedAnnual report
「In the food-service business, stores have been temporarily closed and operating hours shortened in response to the spread of COVID-19. If this situation continues, it may affect the company's performance, although the company believes it is difficult to estimate the impact at this time.」
The temporary closure of food-service stores and shortened operating hours due to COVID-19 have actually occurred, and the potential impact on performance if they continue is described independently as a risk for the first time. The possibility of an impact on procurement is also mentioned.