Business Closures and Voluntary Suspension of Operations Due to the Spread of COVID-19 and the Impact on Operating Results
First written in FY2020. 11 of 16 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
38 other companies' latest entry also says "Dropped".
- FY2025DroppedAnnual report
「Although socioeconomic activity, including personal consumption and inbound demand, had been moving toward normalization as the flow of people recovered」
In the filing's discussion of key risks and business performance, the normalization of socioeconomic activity is described without identifying the previous spread of COVID-19 and temporary closures or voluntary operating restrictions as direct key risks. - FY2024RestatedAnnual report
「Although socioeconomic activity, including personal consumption and inbound demand, had been moving toward normalization as the flow of people recovered following the reclassification of COVID-19 as a Class 5 infectious disease, the company reported an operating loss due to rising prices caused by persistently high raw-material and utility costs, higher labor costs and the prolonged situation in Ukraine.」
While recognizing the normalization of socioeconomic activity following the reclassification as a Class 5 infectious disease, it continues to disclose the reporting of an operating loss and the impact of the external environment on business performance. - FY2024-Q3RestatedAnnual report
「Although the company assumes that socioeconomic activity, including personal consumption and inbound demand, will gradually recover to normal levels following the reclassification of COVID-19 as a Class 5 infectious disease, the recovery in its revenue has taken time. Revenue has not recovered to pre-pandemic levels, and the company has reported an operating loss.」
It continues to state that, while assuming a recovery in socioeconomic activity after the reclassification as a Class 5 infectious disease, revenue has not returned to pre-pandemic levels and the company has reported an operating loss. - FY2024-Q1RestatedAnnual report
「Although restrictions on activities related to COVID-19 were eased and its classification was lowered from Class 2 to Class 5 in May 2023, the recovery in the company's revenue has taken time. Revenue has not recovered to pre-pandemic levels, and the company has reported an operating loss.」
It continues to state that, even after restrictions on activities were eased and the disease classification was changed, revenue had not returned to pre-pandemic levels and the company was reporting an operating loss. - FY2023WorsenedAnnual report
「The company experienced a substantial decline in revenue compared with before the COVID-19 pandemic due to the impact of the renewed spread of COVID-19 variants, and has continued to report operating losses.」
It explicitly states that revenue declined and operating losses continued due to the renewed spread of COVID-19 variants. It also refers to circumstances giving rise to significant doubt about the going-concern assumption. - FY2023-Q3RestatedAnnual report
「In addition, changes in the business environment associated with the spread of COVID-19, as well as soaring raw material and energy prices, may have a material impact on the company’s earnings and financial position.」
It continues to disclose the impact of COVID-19 on the business environment and the possibility of a material impact from surging raw-material and energy prices. - FY2023-Q2RestatedAnnual report
「In addition, changes in the business environment associated with the spread of COVID-19, as well as soaring raw material and energy prices, may have a material impact on the company’s earnings and financial position.」
The impact of COVID-19 on the business environment continues, and surging raw-material and energy prices are also cited as material impact factors. - FY2023-Q1RestatedAnnual report
「In addition, changes in the business environment associated with the spread of COVID-19, as well as soaring raw material and energy prices, may have a material impact on the company’s earnings and financial position.」
The impact of COVID-19 on the business environment continues to be disclosed, with surging raw-material and energy prices identified as additional impact factors. - FY2022RestatedAnnual report
「Changes in the external environment accompanying any future spread of COVID-19, temporary closures of facilities where stores are located and partial voluntary restrictions on operations in the restaurant business could have a material impact on the company's business performance and financial position.」
The possibility that the spread of COVID-19, temporary closures of facilities where stores are located and voluntary restrictions on operations could have a material impact on business performance and financial position remains disclosed. - FY2022-Q3RestatedAnnual report
「Changes in the business environment accompanying the spread of COVID-19 could have a material impact on the company's business performance and financial position.」
Although it states that there have been no significant changes in business and other risks, it continues to disclose the possibility of a material impact on business performance and financial position from the spread of COVID-19. - FY2022-Q2RestatedAnnual report
「Changes in the business environment accompanying the spread of COVID-19 could have a material impact on the company's business performance and financial position.」
Although it states that there have been no significant changes in business and other risks, it continues to disclose the possibility of a material impact on business performance and financial position from the spread of COVID-19. - FY2022-Q1RestatedAnnual report
「Changes in the business environment accompanying the spread of COVID-19 could have a material impact on the company's business performance and financial position.」
It continues to state that the spread of COVID-19 could have a material impact on business performance and financial position. It also states that there have been no significant changes in business and other risks. - FY2021-Q3RestatedAnnual report
「The food-service industry continues to face a challenging operating environment, with stores forced to reduce seating capacity because of social distancing, shorten operating hours and close temporarily.」
The effects of COVID-19, including reduced seating capacity because of social distancing, shorter operating hours and temporary closures, have continued. Although the business and other risks section states that there have been no significant changes, it continues to disclose the possibility of a material impact on business performance and financial position. - FY2021-Q2WorsenedAnnual report
「The food-service industry continues to face a challenging operating environment, with stores forced to reduce seating capacity because of social distancing, shorten operating hours and close temporarily.」
The impact of COVID-19 has continued, with seating capacity reduced because of social distancing, shorter operating hours and temporary closures actually occurring. A 34.2% decline in revenue and an operating loss were also disclosed in the same filing. - FY2021-Q1MaterialisedAnnual report
「The food-service industry continues to face a challenging operating environment. In addition to the deterioration in consumer sentiment following the October 2019 consumption tax rate increase, stores have been forced to shorten operating hours or close temporarily in response to requests for voluntary restrictions aimed at preventing the spread of COVID-19.」
Measures to prevent the spread of COVID-19 actually resulted in shorter operating hours and temporary store closures. A substantial decline in revenue, an operating loss and losses from temporary store closures were also disclosed in the same filing. - FY2020First statedAnnual report
「Changes in the external environment accompanying any future spread of COVID-19, temporary closures of facilities where stores are located and partial voluntary restrictions on operations in the restaurant business could have a material impact on the company's business performance and financial position.」
Changes in the external environment accompanying the spread of COVID-19, temporary closures of facilities where stores are located and partial voluntary restrictions on operations are newly identified as risks that could have a material impact on business performance and financial position.