Impact on Supply and Demand from the Spread of COVID-19
First written in FY2020. 11 of 15 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2024.
Hiraki moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
2 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「Following the reclassification of COVID-19 to Category 5, economic activity was on a gradual recovery trend toward normalization from the pandemic.」
The reclassification of the infection to Category 5 and the recovery in human mobility eased the impact of restrictions on activities, store closures, and import delays compared with previous fiscal years. - FY2024-Q1MitigatedAnnual report
「Economic activity showed signs of normalization as movement restrictions were eased, including the reclassification of COVID-19 to Category 5 under Japan’s legal framework.」
The move to Category 5 and the easing of movement restrictions eased the constraints on economic activity and demand associated with the infection compared with previous fiscal years, and signs of normalization were reported. However, it was not stated that the impact on supply and demand had been completely eliminated. - FY2023MaterialisedAnnual report
「However, affected by COVID-19 lockdowns in China and elsewhere at the beginning of 2022, imports of original products were delayed, resulting in lost sales opportunities. In addition, the sharp depreciation of the yen raised procurement costs, and the difficult operating environment continued, particularly in the mail-order business.」
Import delays and lost sales opportunities caused by lockdowns in China and elsewhere, as well as higher procurement costs resulting from the weaker yen, actually affected full-year business performance. - FY2023-Q3RestatedAnnual report
「However, the business environment remained challenging, as lockdowns related to COVID-19 in China and elsewhere delayed imports of original products and resulted in lost sales opportunities, while the rapid depreciation of the yen drove up procurement costs.」
Import delays for original products and lost sales opportunities caused by lockdowns in China and elsewhere have continued. There has been no material change in the impact of the infection on supply and demand. - FY2023-Q2MaterialisedAnnual report
「However, the business environment remained challenging, as lockdowns related to COVID-19 in China and elsewhere delayed imports of original products and resulted in lost sales opportunities, while the rapid depreciation of the yen drove up procurement costs.」
Import delays caused by lockdowns in China and elsewhere led to lost sales opportunities, and the supply and demand impact of COVID-19 continued. - FY2023-Q1MaterialisedAnnual report
「However, the business environment remained challenging, as the spread of COVID-19 in China and elsewhere delayed imports of original products and resulted in lost sales opportunities.」
The spread of the infection in China and elsewhere caused import delays and lost sales opportunities, and the supply and demand impact of COVID-19 continued into the first quarter. - FY2022MaterialisedAnnual report
「Meanwhile, soaring material costs and the spread of COVID-19 in China impeded timely product procurement, particularly during the fourth quarter of the consolidated fiscal year, making it difficult to stimulate customer purchases.」
Soaring material costs and the spread of the infection in China led to difficulty in stimulating purchases through delays in product procurement, and the supply and demand impact was actually felt throughout the fiscal year. - FY2022-Q3MaterialisedAnnual report
「Meanwhile, sales in the food and household goods divisions fell below the same period of the previous year due to the impact of reduced store visit frequency and the decline in the previous year’s stay-at-home demand, accompanying restrictions on consumers’ activities resulting from the prolonged COVID-19 pandemic.」
The prolonged pandemic and restrictions on activities were reflected in lower sales of food and household goods through reduced store visit frequency and the backlash from stay-at-home demand. - FY2022-Q2MaterialisedAnnual report
「However, the difficult operating environment continued, particularly in the retail store business, due to restrictions on going out and movement resulting from the prolonged spread of COVID-19.」
The prolonged spread of the infection, restrictions on going out, and movement restrictions continued to affect the Company in the form of a difficult operating environment, particularly in the retail store business. - FY2022-Q1MaterialisedAnnual report
「Under these circumstances, following the declaration of a state of emergency in April, the retail store business saw fewer sales opportunities due to continued restrictions on consumers going out and the closure or shortened operating hours of some stores. In the mail-order business, although stay-at-home consumption continued to some extent, its effect had largely run its course, and the overall difficult operating environment continued.」
Restrictions on going out due to the state of emergency, fewer sales opportunities caused by store closures and shorter operating hours, and the waning effect of stay-at-home consumption were also evident in the first quarter. - FY2021MaterialisedAnnual report
「However, amid the continuing spread of COVID-19, shoe sales, particularly men’s business shoes and women’s pumps, were challenging due to consumers’ restrictions on going out and the spread of teleworking.」
The spread of the infection, restrictions on going out, and the widespread adoption of teleworking were reflected in weak shoe sales at stores for the full fiscal year. Meanwhile, mail-order sales increased 6.4% year on year. - FY2021-Q3MaterialisedAnnual report
「Amid the prolonged spread of COVID-19, sales of shoes were particularly challenging due to consumers’ restrictions on going out and the expansion of teleworking.」
The prolonged infectious disease outbreak, consumers’ restrictions on their activities, and the expansion of teleworking were also reflected in difficult shoe sales in the third quarter. - FY2021-Q2MaterialisedAnnual report
「Following the Japanese government’s declaration of a state of emergency on 7 April 2020, the retail store business was forced to shorten operating hours and temporarily close some specialty stores, but continued operating while implementing infection prevention measures in order to fulfill its role as part of the infrastructure supporting daily life. The mail-order business was also affected to some extent, including delays in the arrival of some products, but was able to maintain normal operations.」
Shorter store operating hours and temporary closures of some stores due to the state of emergency, as well as delays in product arrivals in the mail-order business, also occurred in the second quarter. - FY2021-Q1MaterialisedAnnual report
「Following the Japanese government’s declaration of a state of emergency on 7 April 2020, the retail store business was forced to shorten operating hours and temporarily close some specialty stores, but continued operating while thoroughly implementing infection prevention measures. In the mail-order business, some products were delayed in arriving, but normal operations were maintained.」
The state of emergency led to shorter store operating hours and temporary closures of some stores, while delays in product arrivals occurred in the mail-order business, and the supply and demand impact of COVID-19 was also evident during the quarter. - FY2020First statedAnnual report
「School demand and other demand declined due to the backlash from rush demand following the consumption tax increase, as well as school closures and restrictions on movement caused by COVID-19, and the Company was unable to match the previous fiscal year’s net sales.」
School closures and restrictions on movement caused by COVID-19 actually affected business performance through a decline in school demand and other demand. The Company also stated separately that production at outsourced overseas factories was suspended and imports were delayed.