Expected timing for sales to recover to pre-pandemic levels (around the end of June 2021)
First written in FY2021-Q1. 5 of 12 entries say "Softened", first in FY2021-Q2. Latest entry: FY2025.
Horiifoodservice moved to the "Worse" side of this theme in 2025.
The whole theme swung hardest in 2025: 1 of 8 companies on the "Worse" side.
1 other company's latest entry also says "Softened".
- FY2025SoftenedAnnual report
「At the stores, a gradual recovery trend continues, but performance has still not reached pre-COVID levels,」
There is no specific update to the previous accounting assumption that the effects would remain until around 2024. The disclosure instead uses general language indicating that recovery will continue but remain below pre-pandemic levels. - FY2024-Q3AdvancedAnnual report
「Revenue was ¥3,467,202 thousand, up ¥507,212 thousand, or 17.1%, from the same quarter of the previous year.」
Revenue recovery progressed after restrictions on socioeconomic activity were lifted, with cumulative revenue for the third quarter increasing 17.1% year on year. However, there were no material changes to the previous accounting assumptions regarding the timing of the end of the pandemic and related matters. - FY2024-Q1RestatedAnnual report
「The revenue forecast in the profit and loss budget is calculated based on operating trends since April 2022 and the assumption that revenue recovery will continue from April 2023 onward, although certain effects will remain until around 2024. The calculation also takes into account the recovery trend after reopening relative to revenue for the same months before the spread of COVID-19.」
Although revenue is recovering, the previous accounting assumption that the effects of the pandemic would remain until around 2024 was reaffirmed. - FY2023SoftenedAnnual report
「The revenue forecast in the profit and loss budget is based on the assumption, inferred from operating trends since April 2022, that revenue recovery will continue from April 2023 onward, although certain effects will remain until around 2024,」
The expected recovery period was pushed back from the previous outlook that the effects of the pandemic would continue until around 2023 to an assumption that certain effects would remain until around 2024. - FY2023-Q3RestatedAnnual report
「There have been no material changes to the assumptions described in the previous annual securities report under Important Accounting Estimates, “1. Impairment of Fixed Assets,” including assumptions regarding the timing of the end of COVID-19, the resumption of operations after the pandemic, and the recovery in revenue.」
It was reaffirmed that there had been no material changes to the accounting assumptions regarding the timing of the end of the pandemic, the resumption of operations, and revenue recovery. - FY2023-Q2RestatedAnnual report
「There have been no material changes to the assumptions described in the previous annual securities report under Important Accounting Estimates, “1. Impairment of Fixed Assets,” including assumptions regarding the timing of the end of COVID-19, the resumption of operations after the pandemic, and the recovery in revenue.」
It was reaffirmed that there had been no material changes to the accounting assumptions regarding the timing of the end of the pandemic, the resumption of operations, and revenue recovery. - FY2022SoftenedAnnual report
「The stagnation of economic activity caused by the spread of COVID-19 was expected to continue for a certain period, requiring us to respond by closing restaurants and shortening operating hours to prevent infection. We therefore expected to face a challenging operating environment.」
This annual securities report does not present the specific previous assumption that the effects would continue until around 2023; instead, it provides a general outlook that the effects of the pandemic and weak demand will continue for a certain period. - FY2022-Q1RestatedAnnual report
「As establishing effective prevention and treatment for COVID-19 will take time, we believe that it will take time to emerge from the weakness in dining demand caused by changes in lifestyles.」
The expectation that the end of the pandemic and recovery in dining demand will take time remains unchanged. - FY2021RestatedAnnual report
「As establishing effective prevention and treatment for COVID-19 will take time, we believe that it will take time to emerge from the weakness in dining demand caused by changes in lifestyles.」
The expectation that recovery in dining demand will take time remains unchanged. - FY2021-Q3SoftenedAnnual report
「In light of these conditions, we changed our assumption to reflect continued revenue recovery from 2021 through 2022, while certain effects would remain until around 2023.」
The assumption was changed to reflect revenue recovery progressing from 2021 through 2022, while the effects of the pandemic would continue until around 2023, extending the anticipated period of impact. - FY2021-Q2SoftenedAnnual report
「However, even after the state of emergency was lifted, the end of the pandemic remained uncertain, and we believed that it would take time to emerge from the weakness in dining demand caused by changes in lifestyles. Based on this, we changed our assumption to reflect a gradual recovery in revenue toward the end of June 2021, with the effects of these conditions continuing for a certain period thereafter.」
The assumption was changed to reflect a gradual recovery in revenue toward the end of June 2021, while the effects of the pandemic were expected to continue for a certain period thereafter, extending the anticipated recovery period. - FY2021-Q1First statedAnnual report
「However, even after the state of emergency was lifted, the timing of the end of the COVID-19 pandemic and operating conditions thereafter remained uncertain. We therefore changed our forecast, which had anticipated that revenue would take at least until around the end of March 2021 to recover to previous levels, and determined that recovery would take until around the end of June 2021.」
The expected timing for revenue recovery to previous levels was changed from around the end of March 2021 to around the end of June 2021.