Impact of the COVID-19 pandemic on funeral and wedding demand and business performance
First written in FY2020-Q3. 9 of 13 entries say "Restated". Latest entry: FY2026.
Beauty Kadan Holdings moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
0 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「If infectious diseases such as COVID-19 become prevalent and spread, their impact is a concern not only for the Group but also for the entire industry to which it belongs. In addition, if administrative guidance, requests or other measures involving a slowdown in economic activity arise to contain the spread of infectious diseases, the resulting economic deterioration and decline in consumer sentiment could affect the Group's operating results and financial position.」
The potential impact of infectious disease outbreaks and administrative requests on demand and operating results remains a key risk. - FY2024-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, Japan's economy moved toward normalization of economic activity following the reclassification of COVID-19 as a Class 5 infectious disease. However, the outlook remained uncertain due to accelerating global inflation resulting from surging energy prices, sharp foreign-exchange fluctuations and the prolonged crisis in Ukraine.」
While referring to the normalization of economic activity following the reclassification of COVID-19 as a Class 5 infectious disease, the company states that there were no material changes from the previous fiscal year regarding the risk that external conditions, including infectious diseases, may affect the business. - FY2023RestatedAnnual report
「⑦ Infectious disease outbreaks If an infectious disease such as COVID-19 were to spread, concerns would arise regarding its impact not only on our Group but also on the entire industry to which our Group belongs.」
While describing the recovery trend from the COVID-19 pandemic, the company continues to identify the risk that infectious disease outbreaks and their spread may affect business performance and financial position as a key risk. - FY2023-Q3RestatedAnnual report
「As a result, all businesses generally remained on a recovery trend from the COVID-19 pandemic, and sales prices increased in the wholesale cut-flower business, among other factors. Net sales for the first three quarters of the current consolidated cumulative period were ¥4,929.151 million, up 11.7% year on year.」
The business remains on a recovery trend from the COVID-19 pandemic while continuing to address its impact. - FY2023-Q1RestatedAnnual report
「Although the funeral services market as a whole is expected to continue expanding, average spend is trending downward as funerals become smaller nationwide, including family funerals, private funerals and one-day funerals. The company continues to be required to respond to the effects of COVID-19.」
Although funeral demand is showing a recovery trend year on year, continued measures to address the impact of COVID-19 remain necessary. - FY2022-Q3RestatedAnnual report
「Although the funeral services market as a whole is expected to continue expanding, average spend is trending downward as funerals become smaller nationwide, including family funerals, private funerals and one-day funerals. The company continues to be required to respond to the effects of COVID-19.」
The company continues to address the trend toward smaller funerals, declining average prices and the impact of COVID-19. - FY2022-Q2RestatedAnnual report
「Although the funeral services market as a whole is expected to continue expanding, average spend is trending downward as funerals become smaller nationwide, including family funerals, private funerals and one-day funerals. The company continues to be required to respond to the effects of COVID-19.」
The company continues to address the trend toward smaller funerals, declining average prices and the impact of COVID-19. - FY2022-Q1RestatedAnnual report
「Although the funeral services market as a whole is expected to continue expanding, average spend is trending downward as funerals become smaller nationwide, including family funerals, private funerals and one-day funerals. The company continues to be required to respond to the effects of COVID-19.」
Although the impact of COVID-19 continues, the funeral business continues to implement measures to address that impact. - FY2021RestatedAnnual report
「Our Group implemented various measures to minimize the impact of the COVID-19 pandemic.」
Various measures to address the COVID-19 pandemic have continued. While total sales increased 0.1% year on year, the bridal floral-decoration business continued to be affected by wedding postponements and other factors. - FY2021-Q2WorsenedAnnual report
「Although our Group implemented various measures to address the impact of the COVID-19 pandemic, some of them were effective, but they did not lead to a recovery in performance. Net sales for the first two quarters of the current consolidated cumulative period were ¥2,634.016 million, down 7.7% year on year, while the operating loss was ¥96.692 million, mainly due to the impact of the aforementioned decline in sales, compared with an operating loss of ¥44.755 million in the same period of the previous year.」
Although some of the measures taken in response to the COVID-19 pandemic were effective, they did not lead to a recovery in performance. Net sales declined 7.7% year on year, while the operating loss widened from ¥44.755 million in the same period of the previous year to ¥96.692 million. - FY2021-Q1MaterialisedAnnual report
「Although our Group implemented various measures to address the impact of the COVID-19 pandemic, these measures did not offset the decline in performance in any business. Net sales for the first quarter of the current consolidated cumulative period were ¥1,244.436 million, down 6.0% year on year, while the operating loss was ¥85.313 million, mainly due to the impact of the aforementioned decline in sales, compared with an operating loss of ¥77.210 million in the same period of the previous year.」
Although measures were implemented to address the COVID-19 pandemic, they did not offset the decline in performance, and the impact was already apparent in the first quarter in the form of lower consolidated sales and a wider operating loss. - FY2020MaterialisedAnnual report
「Due to the impact of an overall decline in sales resulting from the spread of COVID-19, the operating loss was ¥158.425 million, compared with operating income of ¥19.619 million in the same period of the previous year.」
The spread of COVID-19 actually affected full-year results through lower sales in all segments, smaller funerals, the cancellation of domestic events and the postponement of weddings. - FY2020-Q3First statedAnnual report
「The global spread of COVID-19 may also affect our Group's businesses, and we will continue to closely monitor developments.」
The spread of COVID-19 was explicitly identified as a new business risk. The text states that the impact of lower sales has already emerged in some areas, while the wholesale cut-flower business has experienced weak domestic demand due to the cancellation of domestic events. It also states that the downsizing of funerals and the postponement or cancellation of wedding receptions resulting from declarations of a state of emergency and other measures may have a material impact on the financial position, operating results and cash flows going forward.