Store Closures and Business Impact From the Spread of COVID-19
First written in FY2020-Q3. 4 of 16 entries say "Restated". Latest entry: FY2024.
Kichiri Holdings & moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 76 of 98 companies on the "Worse" side.
34 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「As social activity gradually normalized, employment and income conditions improved, and a moderate recovery led by domestic demand continued.」
Social and economic activity normalized following the lifting of movement restrictions, further easing the direct constraints on store operations caused by COVID-19. - FY2024-Q2RestatedAnnual report
「Various movement restrictions related to the spread of COVID-19 were eased. On 8 May 2023, the disease was reclassified under the Infectious Diseases Control Law from Category 2-equivalent to Category 5, eliminating the movement restrictions that had been in place for 3 years and making the move toward normalization of economic activity more pronounced.」
The company reconfirmed that the removal of movement restrictions related to COVID-19 had eased direct constraints on store operations. - FY2024-Q1MitigatedAnnual report
「With the removal of movement restrictions related to the infection after 3 years, the move toward normalization of economic activity became more pronounced.」
The disclosure describes the removal of movement restrictions related to COVID-19 and the further easing of direct constraints on store operations. - FY2023MitigatedAnnual report
「With the removal of movement restrictions related to the infection after 3 years, the move toward normalization of economic activity became more pronounced.」
Movement restrictions were lifted, and no losses from the temporary closure of stores were recorded for the fiscal year. The direct impact of COVID-19 on store operations was partially mitigated. - FY2023-Q3Partial mitigation of the impact from the easing of movement restrictions and continued impact of the infectionAnnual report
「Although the easing of various restrictions on movement imposed due to the spread of COVID-19 led to signs of a gradual normalization of economic activity, its effects continue to be felt.」
While movement restrictions were eased and economic activity moved toward normalization, the impact of COVID-19 on the business continued. - FY2023-Q2Partial mitigation of the impact from the easing of movement restrictionsAnnual report
「Although the easing of various restrictions on movement imposed due to the spread of COVID-19 led to signs of a gradual normalization of economic activity, its effects continue to be felt.」
While movement restrictions were eased and economic activity moved toward normalization, the impact of COVID-19 on the business continued. - FY2023-Q1RestatedAnnual report
「The business environment in the food-service industry also became challenging,」
Although restrictions on movement were eased and the economy moved toward normalization, the impact of the infection continued and the restaurant industry's challenging operating environment persisted. - FY2022MitigatedAnnual report
「Losses from the temporary closure of stores 458,195 388,454」
Losses from the temporary closure of stores decreased from ¥458.195 million in the previous period to ¥388.454 million. Meanwhile, the impact of the infection continued, and the company assumed that it would continue for part of the fiscal year ending June 2023. - FY2022-Q3WorsenedAnnual report
「Losses from the temporary closure of stores 222,298 388,454」
Losses from the temporary closure of stores increased from ¥222.298 million in the same period of the previous year to ¥388.454 million, expanding the cumulative impact of COVID-19 on business profit or loss. - FY2022-Q2MaterialisedAnnual report
「To prevent the spread of COVID-19, the group has temporarily closed some directly operated stores and shortened operating hours in response to requests from local governments under the priority preventive measures implemented by the Japanese government from 9 January 2022.」
After 9 January 2022 and before the filing date, some directly operated stores were temporarily closed and operating hours were shortened in response to requests associated with the priority preventive measures. - FY2022-Q1RestatedAnnual report
「The operating environment became challenging, as the conditions for normal operations were not in place.」
The company disclosed that normal operations were difficult and recorded ¥244 million in losses from the temporary closure of stores, indicating that the impact of COVID-19 on the business continued. - FY2021WorsenedAnnual report
「Due to the impact of measures to prevent the spread of COVID-19, fixed costs, including personnel expenses, land and rent, and depreciation, for temporarily closed stores were recorded as extraordinary losses under losses from the temporary closure of stores.」
The company recorded ¥458.195 million in losses from the temporary closure of stores, up from ¥280.181 million in the previous period. The impact of the infection on full-year profit or loss continued to expand. - FY2021-Q3MaterialisedAnnual report
「In addition, the company introduced cryptocurrency payments to accommodate the diversification of customers' payment methods. As a result of holding cryptocurrency, it recorded ¥37 million in cryptocurrency valuation gains as non-operating income. It also recorded ¥324 million in subsidy income to offset losses from the temporary closure of stores as extraordinary income, and ¥222 million in losses from the temporary closure of stores and ¥67 million in impairment losses on fixed assets as extraordinary losses.」
The company recorded ¥222 million in losses from the temporary closure of stores due to COVID-19, resulting in a specific impact of the spread of the infection on profit or loss for the period. - FY2021-Q2WorsenedAnnual report
「The operating environment in the restaurant industry also became challenging, as customer visits declined due to the aforementioned requests to shorten operating hours and the spread of teleworking.」
Customer visits declined due to requests to shorten operating hours and the spread of teleworking, while the impact of COVID-19 on the restaurant business continued and intensified. - FY2021-Q1RestatedAnnual report
「The business environment became challenging, with sales declining substantially due to requests from local governments to suspend operations to prevent the spread of COVID-19 and the increasing prevalence of remote work, among other factors.」
The decline in sales in the restaurant business has continued due to requests to refrain from operating and the spread of teleworking associated with the spread of COVID-19. - FY2020-Q3MaterialisedAnnual report
「Based on the spread of COVID-19 and requests from the national and local governments, our group temporarily closed some directly operated stores from 4 April. We will continue to monitor the situation, including when the pandemic will end and the impact of its spread on our business.」
Some directly operated stores were temporarily closed due to the spread of COVID-19, resulting in a business impact that was difficult to estimate reasonably.