Impact of the Spread of COVID-19 on Business Activities and Earnings
First written in FY2020. 9 of 18 entries say "Softened", first in FY2022-Q2. Latest entry: FY2026.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2026ReframedAnnual report
「Challenges relating to the external environment include preparing for large-scale natural disasters and new infectious diseases that remain a concern, and establishing systems to quickly assess the impact of international conflicts and geopolitical risks on supply chains and energy prices and reflect it in business operations.」
The former focus on the specific impacts of COVID-19 has been reorganized into external-environment risks involving preparedness for large-scale natural disasters, new infectious diseases, conflicts, and geopolitical risks. - FY2025ReframedAnnual report
「Challenges relating to the external environment include preparing for natural disasters and pandemics that may occur in the future, strengthening the ability to respond to the risk of a slowdown in the global economy caused by an economic slowdown in China and higher US tariffs, and strengthening the ability to respond to the economic impact of international conflicts.」
The description has expanded from the former focus on the specific impacts of COVID-19 to external-environment risks involving preparedness for future pandemics and natural disasters, China's economic slowdown, US tariff policy, and international conflicts. - FY2024SoftenedAnnual report
「If the spread of infectious diseases for which treatments have not been established, including COVID-19, causes economic activity and consumption sentiment to stagnate and leads to a prolonged economic downturn, this may affect the Group's business activities and ability to secure revenue.」
The risk that an infectious disease outbreak may affect business activities and revenue remains, but the description has shifted from the specific impacts of COVID-19, such as store closures, to the general risk of future infectious disease outbreaks. - FY2024-Q3SoftenedAnnual report
「With restrictions on activities related to COVID-19 lifted, an environment in which customers could use our services more easily began to take shape, but energy costs increased due to the impact of soaring global resource prices.」
The disclosure indicates that restrictions on activities had been lifted and that an environment conducive to customer use had begun to take shape, presenting a weaker description of COVID-19's impact on the business environment than through the previous fiscal year. Meanwhile, higher costs due to soaring resource prices continued. - FY2024-Q2SoftenedAnnual report
「During the six-month period ended 30 September, the domestic economy was gradually recovering, mainly in personal consumption, against a backdrop of increased opportunities to go out following the reclassification of COVID-19 as a Category V infectious disease.」
Against a backdrop of COVID-19 being reclassified as a Category V infectious disease and increased opportunities to go out, the disclosure indicates a recovery in the economy centered on personal consumption, weakening the outlook for the pandemic's economic impact from the previous fiscal year. - FY2024-Q1SoftenedAnnual report
「Economic activity is normalizing, with personal consumption increasing for 4 consecutive quarters as developments toward containing COVID-19 progress.」
Regarding COVID-19, the disclosure indicates progress toward containment and the normalization of economic activity, weakening the outlook for its impact from the previous fiscal year. - FY2023SoftenedAnnual report
「During the fiscal year, Japan's economy was in an uncertain operating environment, with the impact of COVID-19 declining and a recovery in the flow of people expected following the lifting of activity restrictions, while raw-material and logistics costs continued to rise due to soaring global resource prices and the rapid depreciation of the yen.」
Expectations were expressed for a recovery in the movement of people as the impact of COVID-19 declined and activity restrictions were lifted, weakening the outlook for its impact from the previous fiscal year. Meanwhile, higher costs due to soaring resource prices and yen depreciation, as well as uncertainty about the outlook, remained. - FY2023-Q3SoftenedAnnual report
「During the cumulative third quarter period, while the impact of COVID-19 continued for an extended period and a recovery in the flow of people was expected following the lifting of restrictions on activities, the Group remained in an uncertain operating environment, with raw-material and logistics costs continuing to rise due to soaring global resource prices and the rapid depreciation of the yen.」
The impact of COVID-19 continued for an extended period, but expectations were expressed for a recovery in the movement of people following the lifting of activity restrictions, weakening the outlook for its impact from the previous fiscal year. Meanwhile, higher costs due to soaring resource prices and yen depreciation continued. - FY2023-Q2SoftenedAnnual report
「During the six-month period ended 30 September, as the impact of COVID-19 continued for an extended period, expectations for an economic recovery grew as the number of infected people declined, while」
The impact of COVID-19 continued for an extended period, but the disclosure adds that an economic recovery was expected as the number of infected people declined, weakening the outlook for its impact from the previous fiscal year. - FY2023-Q1SoftenedAnnual report
「The situation remains such that COVID-19 cannot yet be considered to have ended.」
Vigilance regarding the fact that COVID-19 has not ended continues, but the disclosure also states that the impact of the pandemic on the Regional Revitalization Business has gradually eased, weakening the description of its impact from the high level of vigilance in the previous fiscal year. - FY2022RestatedAnnual report
「Heightened vigilance regarding COVID-19 remained at a high level, and operations were conducted accordingly.」
The disclosure reiterates that vigilance regarding COVID-19 and its impact on business activities continue. - FY2022-Q3ReframedAnnual report
「During the cumulative third quarter period, Japan's economy was gradually returning to normal, including the emergence of new variants of COVID-19, but the outlook is expected to remain uncertain.」
Regarding COVID-19, the disclosure indicates that the economy is gradually returning to normal, while newly mentioning the emergence of variants and continued uncertainty about the outlook. - FY2022-Q2SoftenedAnnual report
「During the six-month period ended 30 September, the domestic economy had begun to show signs of recovery in the real economy as COVID-19 vaccines had been developed and vaccination was progressing, but uncertainty was expected to continue.」
The disclosure adds that progress in vaccine development and vaccination had brought signs of recovery in the real economy, weakening the outlook for the impact from the previous quarter. However, uncertainty was expected to continue. - FY2022-Q1ReframedAnnual report
「During the three-month period ended 30 June, although COVID-19 vaccines had been developed and vaccination was progressing, COVID-19 continued to affect the real economy, and uncertainty was expected to continue.」
While progress in vaccine development and vaccination was added to the disclosure, the impact of COVID-19 on the real economy and uncertainty about the outlook continued. - FY2021-Q3RestatedAnnual report
「During the nine-month period ended 31 December, the domestic economy was affected worldwide by the impact of COVID-19 on the real economy from the end of 2019. Conditions surrounding the Group remained challenging, and uncertainty was expected to continue.」
The disclosure continues to describe the impact of COVID-19 on the real economy and an uncertain outlook. Operationally, some stores suspended operations or shortened their hours, and the Food Service Business and Other Business incurred operating losses. - FY2021-Q2WorsenedAnnual report
「However, temporary closures at some stores and shortened operating hours were implemented to protect employees' safety in response to the spread of COVID-19. As a result, revenue was ¥2,919.049 million, down 1.9% year on year, and segment profit (operating profit) was ¥338.519 million, down 3.1%.」
Temporary closures and shortened operating hours related to the spread of COVID-19 also affected the Reuse Business, resulting in year-on-year declines in revenue and segment profit. The Food Service Business and Other Business also recorded operating losses. - FY2021-Q1MaterialisedAnnual report
「Although revenue increased as a result of consolidating 株式会社エージーワイ and MOTTAINAI WORLD(THAILAND) CO., LTD., Group-wide revenue declined because of the spread of COVID-19 and the resulting declaration of a state of emergency.」
The spread of COVID-19 and the impact of the state of emergency were reflected in actual results as a 7.6% decline in revenue, an operating loss of ¥6.742 million, an ordinary loss of ¥4.805 million, and a quarterly net loss attributable to owners of the parent of ¥14.385 million. - FY2020First statedAnnual report
「Since the first cases of COVID-19 were reported in Wuhan, Hubei Province, the People's Republic of China, in December 2019, increases in the number of infected people have continued to be reported worldwide. Within the Group, some stores have temporarily suspended operations due to the closure of facilities where food-service businesses operate. Depending on how the situation develops, this may affect the Group's business activities and ability to secure revenue.」
COVID-19 was described as a standalone business and other risk for the first time, with the disclosure explaining that some stores had already suspended operations due to facility closures.