Store Closures and Business Impact from the Spread of COVID-19
First written in FY2020. 4 of 13 entries say "Materialised", first in FY2021. Latest entry: FY2024.
Misawa & moved to the "Worse" side of this theme in 2021, 1 year after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 69 of 91 companies on the "Worse" side.
33 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「During the current fiscal year, the reclassification of COVID-19 as a Class 5 infectious disease led to a recovery in personal consumption and inbound demand, and social and economic activity became more active, particularly in services consumption.」
The company disclosed that the reclassification as a Class 5 infectious disease revitalized social and economic activity, easing restrictions on store operations and consumption activity caused by the infections compared with previously. - FY2024-Q2MitigatedAnnual report
「During the six-month period ended the second quarter, the normalization of social and economic activity progressed further, including the reclassification of COVID-19 as a Class 5 infectious disease.」
The company disclosed the reclassification of COVID-19 as a Class 5 infectious disease and further progress in normalizing social and economic activity, indicating that restrictions on store operations and economic activity caused by the infections had eased from the previous fiscal year. - FY2024-Q1MitigatedAnnual report
「During the first quarter, Japan's economy showed a gradual recovery in social and economic activity as restrictions on movement were eased, although」
The company disclosed that restrictions on movement had been eased and social and economic activity was gradually recovering, indicating that constraints on store operations and economic activity caused by the infections had weakened from the previous period. - FY2023MaterialisedAnnual report
「The spread of COVID-19 affected results for the current fiscal year through measures including reduced store operating hours.」
The company disclosed that reduced operating hours due to the spread of infections actually affected results for the current fiscal year. Future risks, including another state of emergency, store closures and reduced operating hours, also remain. - FY2023-Q1RestatedAnnual report
「During the first quarter, Japan's economy remained in a difficult situation. Although there were signs of a temporary recovery due to various policies addressing COVID-19 and the wider availability of vaccinations, economic activity was again restricted as infections resurged with the Omicron variant.」
The company noted a temporary recovery driven by vaccinations and other measures, while infections caused by the Omicron variant were resurging and restrictions on economic activity continued. - FY2022MaterialisedAnnual report
「During the current fiscal year, the company's physical stores were temporarily closed as a result of the state of emergency declared in response to the spread of COVID-19. The temporary closure of physical stores affected the company's results.」
The company disclosed that temporary closures of physical stores under the state of emergency declared in response to the spread of infections, and the impact on results, actually occurred during the current fiscal year. - FY2022-Q3MaterialisedAnnual report
「During the nine-month period ended the third quarter, the number of visitors to physical stores in the Tokyo metropolitan area declined due to the declaration of the fourth state of emergency.」
The company disclosed that the fourth state of emergency declared in response to the spread of infections actually led to a decline in visitors to physical stores in the Tokyo metropolitan area during the quarter. - FY2022-Q1WorsenedAnnual report
「During the first quarter of the current fiscal period, Japan's economy remained uncertain as the outlook for containing COVID-19 was still unclear. The economy was affected by the renewed declaration of a state of emergency and the resulting decline in personal consumption, as well as the stagnation of economic activity worldwide.」
The company disclosed that the renewed spread of infections and reissuance of a state of emergency prolonged the decline in personal consumption and the stagnation of economic activity, deepening uncertainty about the outlook. - FY2021MaterialisedAnnual report
「During the current fiscal year, the company's physical stores were temporarily closed as a result of the state of emergency declared in response to the spread of COVID-19. The temporary closure of physical stores affected the company's results.」
The company disclosed that, in addition to the previously identified risk of renewed closures, temporary closures of physical stores and their impact on results actually occurred during the current fiscal year. - FY2021-Q3RestatedAnnual report
「However, the company's stores may be temporarily closed again as COVID-19 infections spread. In such a case, lower sales at physical stores may affect the results of the group.」
The company continued to disclose the risks of renewed closures and lower physical-store sales due to the spread of infections even after stores resumed operations. - FY2021-Q2RestatedAnnual report
「However, the company's stores may be temporarily closed again as COVID-19 infections spread. In such a case, lower sales at physical stores may affect the results of the group.」
While stores had begun to resume operations, the company continued to disclose the risks of renewed closures and lower physical-store sales due to the spread of infections. - FY2021-Q1WorsenedAnnual report
「However, if a second or third wave of COVID-19 infections occurs, the company's stores may be temporarily closed again. In such a case, lower sales at physical stores may affect the results of the group.」
While store operations had begun to resume, the company explicitly identified the additional risks of renewed closures and lower physical-store sales if a second or third wave occurred. - FY2020First statedAnnual report
「Following the government's announcement of a state of emergency on 7 April 2020 in response to the spread of COVID-19, the company's major stores in the designated prefectures were temporarily closed for the foreseeable future. In addition, as COVID-19 infections spread rapidly, the state of emergency was extended nationwide on 16 April 2020. As a result, all of the company's stores nationwide were temporarily closed for the foreseeable future.」
As a subsequent event through the filing date, the company disclosed for the first time the possibility that the temporary closure of its major stores and stores nationwide under the state of emergency could affect results through lower sales at physical stores.