Sales and Financial Impact of COVID-19
First written in FY2020. 7 of 17 entries say "Mitigated", first in FY2023-Q1. Latest entry: FY2026.
Ap 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 2025: 6 of 13 companies on the "Worse" side.
16 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「During the interim consolidated accounting period, revenue exceeded forecasts due to the market recovery following the pandemic and a substantial increase in inbound tourism driven by the weaker yen.」
Regarding the sales and financial impact of the pandemic, the company states that revenue exceeded forecasts due to the market recovery following the pandemic and inbound tourism demand. For the full fiscal year, operating profit was ¥845 million and net income was ¥1,135 million. - FY2026-H1MitigatedAnnual report
「During the interim consolidated accounting period, revenue exceeded forecasts due to the market recovery following the pandemic and a substantial increase in inbound tourism driven by the weaker yen.」
The company explains that revenue exceeded forecasts due to the market recovery following the pandemic and increased inbound tourism demand. - FY2024MitigatedAnnual report
「During the consolidated fiscal year, the Group's operating results showed a solid recovery, particularly in its domestic businesses, following the reclassification of COVID-19 as equivalent to a Class 5 disease under the Infectious Diseases Act in May 2023. However, the Hong Kong business was affected by the economic downturn in China and other factors. Although the Group's operating results during the consolidated fiscal period improved substantially from the same period of the previous year, it recorded a net loss for the fiscal year attributable to owners of the parent.」
After the reclassification as equivalent to a Class 5 disease, operating results recovered, led by the domestic businesses, and the Group posted an operating profit in the second half. However, the impact on the Hong Kong business and the net loss for the fiscal year attributable to owners of the parent remained. - FY2024-Q2Recovery and continuing impactAnnual report
「During the consolidated fiscal year, the Group's operating results showed a solid recovery, particularly in its domestic businesses, following the reclassification of COVID-19 as equivalent to a Class 5 disease under the Infectious Diseases Act in May 2023. However, the Hong Kong business was affected by the economic downturn in China and other factors. Although the Group's operating results during the six-month period ended in the second quarter improved substantially from the same period of the previous year, it recorded a net loss for the quarter attributable to owners of the parent.」
While recovery centered on the domestic businesses progressed after the reclassification as a Class 5 disease, the impact on the Hong Kong business and the quarterly net loss attributable to owners of the parent remained, with post-pandemic recovery and the impact on operating results coexisting. - FY2024-Q1Recovery and continuing impactAnnual report
「Although requests from the government and local authorities to suspend business activities had been lifted from March 2022, the Group's operating results were still materially affected during the consolidated fiscal year by factors including the seventh wave of COVID-19. As a result, the Group was insolvent as of the end of the first quarter and recognizes that events or circumstances exist that raise substantial doubt about the going-concern assumption.」
The company states that the impact on operating results from the seventh wave and other factors continued even after restrictions on activities were lifted, while also noting a recovery in sales after the reclassification of COVID-19 as a Class 5 disease. The recovery in sales and the financial impact of the pandemic coexisted. - FY2023MitigatedAnnual report
「There were no losses from temporary closures during the consolidated fiscal year.」
The loss from temporary closures, which amounted to ¥1,462 million in the previous fiscal year, was not recognized during the current consolidated fiscal year. Store sales also recovered following the lifting of restrictions on activities, but the operating loss continued. - FY2023-Q3MitigatedAnnual report
「Revenue from all stores during the nine-month period ended in the third quarter of the current fiscal year was 113.1% of the year-earlier level. This was due to higher sales at the Group's stores following the lifting of restrictions on activities imposed in response to the spread of COVID-19.」
Store sales recovered following the lifting of restrictions on activities, and the Sales Business's segment loss narrowed from ¥2,202 million in the year-earlier period to ¥1,348 million. The sales impact of the pandemic eased from the previous fiscal year. - FY2023-Q2MitigatedAnnual report
「Revenue from all stores during the six-month period ended in the second quarter of the current fiscal year was 187.6% of the year-earlier level. This was due to higher sales at the Group's stores following the lifting of restrictions on activities imposed in response to the spread of COVID-19.」
Store sales recovered following the lifting of restrictions on activities, and the extraordinary loss from temporary closures recognized in the year-earlier period was not recognized during the quarter. The sales and financial impact of the pandemic eased from the previous fiscal year. - FY2023-Q1MitigatedAnnual report
「Revenue from all stores during the three-month period ended in the first quarter of the current fiscal year increased 177.3% year on year. This was due to higher sales at the Group's stores following the lifting of restrictions on activities imposed in response to the spread of COVID-19.」
Store sales increased 177.3% year on year following the lifting of restrictions on activities, and no extraordinary loss from temporary closures was recognized during the quarter. However, concerns about the rising number of infections and an operating loss remain. - FY2022-Q3RestatedAnnual report
「During the six-month period ended in the second quarter, the Group refrained from operating most of its stores for almost the entire period to help prevent the spread of COVID-19, resulting in ¥4,303 million in subsidy income and an extraordinary loss of ¥1,462 million from temporary closures.」
The sales and financial impact of suspending operations at most stores for almost the entire period continued, with ¥4,303 million in subsidy income and ¥1,462 million in losses from temporary closures recognized. - FY2022-Q2WorsenedAnnual report
「In addition, to help prevent the spread of COVID-19, the Group refrained from operating most of its stores for almost the entire period, resulting in an extraordinary loss of ¥1,462 million from temporary closures.」
The Group refrained from operating most of its stores for almost the entire period, resulting in an extraordinary loss of ¥1,462 million from temporary closures. Revenue from the Sales Business also fell 30.0% year on year, and the sales and financial impact of the pandemic continued. - FY2022-Q1WorsenedAnnual report
「In addition, to help prevent the spread of COVID-19, the Group refrained from operating most of its stores for almost the entire period, resulting in an extraordinary loss of ¥692 million from temporary closures.」
During the quarter, the Group continued to suspend operations at most of its stores for almost the entire period, incurring an extraordinary loss of ¥692 million from temporary closures. The Sales Business posted a segment loss of ¥757 million, indicating that the impact of the pandemic continued. - FY2021WorsenedAnnual report
「Revenue declined substantially due to a decrease in customer visits resulting from the Group's decision to suspend operations at most of its stores for approximately 4 months, as well as shortening business hours at the request of government authorities.」
Operations were suspended for approximately 4 months, revenue fell 61.2% year on year, and the extraordinary loss from temporary closures amounted to ¥1,159 million. - FY2021-Q3WorsenedAnnual report
「Against this backdrop, during the nine-month period ended in the third quarter of the current fiscal year, revenue declined substantially due to a decrease in customer visits resulting from the Group's decision to suspend operations at most of its stores for approximately 2 months to prevent the spread of COVID-19, as well as shortening business hours at the request of government authorities.」
The impact of suspending operations and shortening business hours due to the pandemic continued, with revenue down 59.7% year on year and an extraordinary loss of ¥767 million from temporary closures. - FY2021-Q2WorsenedAnnual report
「However, the impact of the spread of COVID-19 on operating results was substantial, and the company has not yet recovered the decline at existing stores. In addition, although the Group received ¥182 million in non-operating income from employment adjustment subsidies after temporarily closing most of its stores for approximately 2 months, it incurred an extraordinary loss of ¥767 million.」
The decline at existing stores could not be recovered due to the impact of the pandemic, and an extraordinary loss of ¥767 million was incurred from temporary closures lasting approximately 2 months. - FY2021-Q1MaterialisedAnnual report
「The Group incurred an extraordinary loss of ¥768 million from temporary closures after refraining from operating most of its stores for approximately 2 months.」
The sales and financial impact of COVID-19 materialized, resulting in an extraordinary loss of ¥768 million from store closures, lower revenue and an operating loss. - FY2020First statedAnnual report
「The impact of COVID-19 currently poses a risk of causing the domestic and overseas economies to deteriorate. Although the Group has implemented measures including temperature checks, disinfection and encouraging customers to maintain appropriate distances, a decline in sales resulting from the direct and indirect effects of the pandemic could affect the Group's operating results and financial position.」
COVID-19 was disclosed independently for the first time as a factor behind deterioration in the domestic and overseas economies and a risk to operating results and financial position through lower sales. The disclosure also noted an actual decline in revenue from the Sales Business, ¥35.436 million in losses from temporary closures, and the closure of most stores.