Risk of reduced sales activities due to COVID-19 and other infectious diseases
First written in FY2020. 3 of 12 entries say "Worsened", first in FY2021-Q3. Latest entry: FY2024.
Treasure Factory 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: 23 of 48 companies on the "Worse" side.
1 other company's latest entry also says "Softened".
- FY2024SoftenedAnnual report
「Although the spread of COVID-19 has subsided, if infections spread again in the future and a state of emergency or similar measure were declared under the Act on Special Measures for Pandemic Influenza and New Infectious Diseases Preparedness and Response, resulting in restrictions on consumer movement, requests to refrain from going out, or constraints on corporate activities, consumption could stagnate and the economy as a whole could decline.」
The company states that the spread of infections has subsided, weakening the description of infectious disease risks from the previous period, but the risks of restrictions on movement and operational reductions if infections resurge remain. - FY2024-Q1SoftenedAnnual report
「During the first quarter of the current fiscal year, economic activity continued to normalize, including the reclassification of COVID-19 under Category V of Japan's Infectious Diseases Act. However, the economic outlook remained uncertain amid concerns about foreign exchange trends, including the depreciation of the yen, soaring energy prices resulting from the prolonged Russia-Ukraine situation, and rising prices.」
The company states that the transition of COVID-19 to Category 5 and the normalization of economic activity have progressed, and the language describing the risk of operational reductions due to infectious diseases is weaker than in the previous filing. - FY2023SoftenedAnnual report
「Although the spread of COVID-19 has been subsiding, if infections spread again in the future and a state of emergency or similar measure were declared under the Act on Special Measures for Pandemic Influenza and New Infectious Diseases Preparedness and Response, resulting in restrictions on consumer movement, requests to refrain from going out, or constraints on corporate activities, consumption could stagnate and the economy as a whole could decline.」
The risk from infectious diseases continues, but the company's current assessment now includes the view that the spread of infections has been subsiding. - FY2023-Q3RestatedAnnual report
「During the cumulative first nine months of the current consolidated fiscal period, the Japanese economy began to recover, particularly in personal consumption, partly because restrictions on movement had been lifted despite the continuing impact of COVID-19.」
The impact of COVID-19 continues, but personal consumption began to recover after restrictions on movement were lifted. Awareness of the risk that infectious diseases could affect operations and demand also continues. - FY2023-Q2Recovery in foot traffic during the seventh waveAnnual report
「During the cumulative first six months of the current consolidated fiscal period, the Japanese economy saw a recovery in foot traffic, despite rising COVID-19 infections during the seventh wave, partly because restrictions on movement had been lifted.」
Although the number of COVID-19 infections continued to rise during the seventh wave, foot traffic began to recover after restrictions on movement were lifted. - FY2022RestatedAnnual report
「If the spread of COVID-19 resulted in the declaration of a state of emergency under the Act on Special Measures for Pandemic Influenza and New Infectious Diseases Preparedness and Response, or similar measures, leading to restrictions on consumer movement, requests to refrain from going out, or constraints on corporate activities, consumption could stagnate and the economy as a whole could decline.」
The company is reiterating the risk of lower store visits, purchases and sales due to a resurgence of infectious diseases, restrictions on movement, requests to refrain from going out and constraints on corporate activities. - FY2022-Q3MitigatedAnnual report
「Although there was a period of rapidly rising novel coronavirus infections from late July through August, the number of new infections declined as vaccinations against COVID-19 progressed smoothly. Following the lifting of the state of emergency at the end of September, restrictions on economic activity were gradually eased.」
The company describes a period of rapidly rising infections, progress in vaccinations and a decline in infections, as well as the easing of restrictions following the lifting of the state of emergency, indicating that some of the impact of infectious diseases had eased. - FY2022-Q2WorsenedAnnual report
「However, the rapid increase in COVID-19 cases from late July temporarily slowed consumption activity in August, after it had been on a recovery trend through July.」
The number of infected people rose sharply from late July, and consumer activity, which had been recovering, temporarily slowed in August. The impact of infectious diseases on operations and demand continues. - FY2022-Q1WorsenedAnnual report
「During the first quarter of the current fiscal year, economic activity was restricted as the reissuance of the state of emergency declaration in response to the spread of COVID-19 affected the operations of large commercial facilities and restaurants. In addition, inbound demand remained sluggish because of restrictions on overseas travel, and domestic consumption had yet to achieve a full-scale recovery.」
The company describes the reissuance of a state of emergency and restrictions on economic activity due to the impact of infectious diseases, indicating that the risk of operational reductions is continuing and worsening. - FY2021-Q3WorsenedAnnual report
「Meanwhile, the risk of a further resurgence of infections remains a concern.」
Although the company describes a recovery following the resumption of economic activity, it explicitly states that the risk of a further resurgence of infections remains a concern. The risk of operational reductions due to infectious diseases therefore continues, with the possibility of a resurgence rather than an end to the issue. - FY2021-Q1MaterialisedAnnual report
「Specifically, in response to the state of emergency declared in early April, all stores shortened their operating hours by 1–2 hours through late May, and purchasing reception hours were also shortened by several hours, mainly at flagship stores. The urban stores of the Brand Collect business, which handles high-end brands, and the Kindal business operated by a subsidiary were also closed for approximately one month from early April.」
The risk of operational reductions due to infectious diseases identified in the previous period materialized as shorter operating hours at all stores, shorter purchasing reception hours, and approximately one month of closures at urban stores. - FY2020First statedAnnual report
「If a serious infectious disease, including a novel influenza virus or novel coronavirus, were to emerge and spread, forcing the group to significantly scale back its operations, this could have a material impact on the group's performance.」
The risk of a significant reduction in operations due to the emergence and spread of serious infectious diseases was identified for the first time as a standalone risk theme.