Declining Customer Traffic and Store Closures Due to COVID-19
First written in FY2020. 6 of 13 entries say "Restated". Latest entry: FY2025.
Star seeds 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: 68 of 90 companies on the "Worse" side.
12 other companies' latest entry also says "Dropped".
- FY2025DroppedAnnual reportThe risk of lower customer numbers and store closures due to COVID-19 is not listed as an independent item among the risks for the current consolidated fiscal year.
- FY2023MitigatedAnnual report
「The company expects performance to recover in the following consolidated fiscal year due to external factors such as a reduction in the impact of COVID-19, and believes that cash flow conditions are also expected to improve.」
Assuming that the impact of COVID-19 will ease and socioeconomic activity will return to normal, the company presents an outlook for improvement from the previous effects of store closures and lower customer numbers. - FY2023-Q3RestatedAnnual report
「There were no material changes from the previous consolidated fiscal year’s securities report regarding the impact of COVID-19.」
The company states that there were no material changes from the previous consolidated fiscal year regarding the impact of COVID-19, including lower customer numbers and store closures. - FY2023-Q2RestatedAnnual report
「There were no material changes from the previous consolidated fiscal year’s securities report regarding the impact of COVID-19.」
The company explicitly states that there were no material changes from the previous consolidated fiscal year regarding the impact of COVID-19, including lower customer numbers and store closures. - FY2023-Q1RestatedAnnual report
「There were no material changes from the previous consolidated fiscal year’s securities report regarding the impact of COVID-19.」
The company explicitly states that there were no material changes from the previous consolidated fiscal year regarding the risks of lower customer numbers and store closures due to COVID-19. - FY2022-Q3RestatedAnnual report
「There were no material changes from the previous fiscal year’s securities report regarding the impact of COVID-19.」
The company explicitly states that there were no material changes from the previous fiscal year regarding the risks of lower customer numbers and store closures due to COVID-19. - FY2022-Q2RestatedAnnual report
「There were no material changes from the previous fiscal year’s securities report regarding the impact of COVID-19.」
The company explicitly states that there were no material changes from the previous fiscal year regarding the risks of lower customer numbers and store closures due to COVID-19. - FY2022-Q1RestatedAnnual report
「There were no material changes from the previous fiscal year’s securities report regarding the impact of COVID-19.」
The company explicitly states that there were no material changes from the previous fiscal year regarding the risks of lower customer numbers and store closures due to COVID-19. - FY2021WorsenedAnnual report
「There were months in which many stores were forced to close because the commercial facilities in which the company operates as a tenant suspended operations due to COVID-19, and sales declined substantially, by 25% year on year.」
The impact of commercial facility closures due to COVID-19 was reflected throughout the fiscal year, and net sales declined 25% year on year. - FY2021-Q3WorsenedAnnual report
「There were signs of a recovery after the state of emergency was lifted, but the spread of infections continued to accelerate, and the operating environment remained extremely challenging and uncertain.」
The impact of COVID-19 continued into the third quarter, with the spread of the infection said to be accelerating and the severity of the operating environment further emphasized. - FY2021-Q2WorsenedAnnual report
「During the cumulative second-quarter period, the Japanese economy entered a significant downturn due to the spread of COVID-19. In particular, the state of emergency declared in April severely restricted economic activity, and personal consumption declined sharply.」
The impact of COVID-19 continued into the second quarter, with the restrictions on economic activity imposed under the state of emergency and the sharp decline in personal consumption explicitly stated. - FY2021-Q1WorsenedAnnual report
「The company also faced an extremely difficult operating environment, as many of its stores were forced to close because the commercial facilities in which it operates as a tenant suspended operations.」
The impact of store closures and suspended operations due to COVID-19 expanded throughout the first quarter, with a greater effect on performance, including a 61.1% year-on-year decline in net sales. - FY2020MaterialisedAnnual report
「The company’s performance may be affected if the number of customers declines due to requests to refrain from going out or if it is forced to suspend operating activities as a result of the spread of COVID-19. As the spread of COVID-19 continued, the government issued a state of emergency declaration on 7 April 2020. As a result, the commercial facilities in which the company operates as a tenant closed or shortened their operating hours, affecting performance through such factors as lower net sales. The state of emergency declaration was fully lifted on 25 May 2020, and the commercial facilities in which the company operates as a tenant have been gradually reopening. As of 28 May 2020, 36 of the 41 stores had reopened, and the remaining 5 stores were scheduled to reopen by 1 June.」
The risk of a decline in customer numbers and suspended operations due to COVID-19 was described as an independent item for the first time, and commercial facility closures, shortened operating hours and lower net sales occurred after the state of emergency declaration. As of 28 May, 36 of 41 stores had reopened, while the remaining 5 were scheduled to reopen by 1 June.