Impact of the spread of COVID-19 on operations and performance
First written in FY2020. 4 of 14 entries say "Worsened", first in FY2021-Q1. Latest entry: FY2026-H1.
Hotman 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: 76 of 98 companies on the "Worse" side.
37 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「During the current interim accounting period, there was no emergence of new business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous fiscal year.」
The company disclosed that there had been no material changes regarding the risk of COVID-19 affecting operations and earnings. - FY2024-Q3MitigatedAnnual report
「During the third quarter, Japan's economic environment was on a gradual recovery trend as economic activity normalized from the COVID-19 pandemic, but the outlook remained uncertain due to heightened global tensions, soaring resource and raw material prices, and the prolonged trend of yen depreciation.」
The company indicated normalization of economic activity after the COVID-19 pandemic and a gradual recovery trend, stating that direct operating constraints from the pandemic had eased compared with the previous fiscal year. However, uncertainty in the external environment remained. - FY2024-Q1MitigatedAnnual report
「During the cumulative first quarter period, economic activity was normalizing as COVID-19 was reclassified under the Infectious Diseases Control Law as a Class 5 disease, and the economy was showing a gradual recovery. However, the outlook remained uncertain amid concerns over the impact of higher prices resulting from soaring energy and raw material costs against a backdrop of heightened geopolitical risks, as well as exchange-rate fluctuations.」
The company states that normalization of economic activity progressed as COVID-19 was reclassified to Category V, and that direct operating constraints from the pandemic had eased compared with the previous fiscal year. - FY2023MitigatedAnnual report
「Japan's economic environment during the fiscal year saw restrictions on movement related to COVID-19 eased, progress toward normalizing social and economic activity, and signs of an economic recovery. However, concerns remained about the effects of globally elevated resource and raw-material prices, as well as volatility in financial and capital markets, and the outlook remained uncertain.」
The company described the easing of movement restrictions, the normalization of social and economic activity, and signs of an economic recovery, indicating that direct operating constraints from the pandemic had eased compared with the previous fiscal year. However, uncertainty related to commodity and resource prices remained. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter period, normalization of socioeconomic activity was expected under the government's various policies amid the COVID-19 pandemic. However, concerns remained over the impact of soaring prices, raw material and resource costs, volatility in financial and capital markets and other factors, and the outlook remained uncertain.」
The company disclosed that, although normalization of social and economic activity was expected as the economy moved to living with COVID-19, uncertainty about the outlook continued due to soaring prices of commodities, raw materials and resources even after the pandemic's effects. - FY2023-Q2Signs of recovery as the economy transitioned to living with COVID-19 coexisted with rising expensesAnnual report
「As the company moved into a new phase of living with COVID-19, there were signs of a gradual recovery, but expenses continued to trend higher due to rising labor costs resulting from annual increases in the minimum wage and increases in utility costs and the prices of supplies and other items, leaving conditions challenging.」
The company explains that, although signs of recovery were seen despite the effects of the pandemic, difficult conditions continued due to increases in the minimum wage, labor costs, utility costs and supply prices. - FY2023-Q1A recovery trend driven by declining infections coexisted with rising expensesAnnual report
「Although economic activity was on a gradual recovery trend as the number of COVID-19 infections declined, expenses were increasing, including higher purchase prices and increases in utility and supply costs, and difficult conditions continued.」
The company describes a gradual recovery in economic activity as infections declined, while expenses continued to rise due to higher purchase prices and increases in utility and supply costs. - FY2022-Q3Low average selling prices and effects on multiple businesses continued after customer traffic recoveredAnnual report
「Until September 2021, TSUTAYA and Komeda Coffee stores in Miyagi Prefecture shortened their business hours in response to requests to do so, and the nationwide spread of COVID-19 also caused consumer spending to decline substantially. The Yellow Hat and Up Garage businesses, which were not subject to requests to shorten business hours, also remained in a difficult situation amid sluggish consumer spending, particularly on hobby and preference goods, and declining average selling prices. From October of the same year, customer traffic recovered across all businesses, but average selling prices remained weak and conditions continued to be difficult.」
Until September, TSUTAYA and Komeda shortened their business hours, while Yellow Hat and Up Garage experienced weak consumer spending. Customer traffic recovered from October onward, but average selling prices remained weak. - FY2022-Q2WorsenedAnnual report
「TSUTAYA and Komeda Coffee stores in Miyagi Prefecture shortened their business hours in response to requests to do so, and the nationwide spread of COVID-19 also caused consumer spending to decline substantially. The Yellow Hat and Up Garage businesses, which were not subject to requests to shorten business hours, also remained in a difficult situation amid sluggish consumer spending, particularly on hobby and preference goods, and declining average selling prices.」
TSUTAYA and Komeda Coffee shortened their business hours, while the company also described effects on customer numbers and average selling prices at Yellow Hat and Up Garage, which were not subject to requests to shorten business hours. The pandemic's operating and earnings impact extended across several businesses. - FY2022-Q1WorsenedAnnual report
「Although none of the company's businesses were directly subject to requests to close or shorten business hours, consumer spending has not recovered. Conditions remain difficult amid sluggish consumer spending, particularly on hobby and preference goods, and declines in average selling prices.」
Even businesses not directly subject to requests to close or shorten business hours continued to be affected by the pandemic through the lack of recovery in consumer spending, sluggish demand for hobby and preference goods, and declining average selling prices. - FY2021MaterialisedAnnual report
「The number of infected officers and employees at the company reached 2, and none of the infections were contracted in the workplace.」
The company disclosed that 2 officers and employees had in fact been infected. The effects of operating restrictions and closures at Sega and Jiyu Kukan, as well as shortened business hours in other business formats, also continued. - FY2021-Q2WorsenedAnnual report
「Although the company was also required to suspend operations at Jiyu Kukan and Sega and shorten business hours at TSUTAYA and Komeda Coffee due to the declaration of a state of emergency, even after the declaration was lifted, consumer spending at Jiyu Kukan, Sega and Komeda Coffee has not recovered, leaving conditions difficult.」
Several businesses experienced operating restrictions and shortened business hours under the state of emergency, and the company states that consumer spending at Jiyu Kukan, Sega and Komeda Coffee had not recovered even after the declaration was lifted. - FY2021-Q1WorsenedAnnual report
「Although the company was also required to suspend operations at Jiyu Kukan and Sega and shorten business hours at TSUTAYA and Komeda Coffee due to the declaration of a state of emergency, even after the declaration was lifted, consumer spending at Jiyu Kukan, Sega and Komeda Coffee has not recovered, leaving conditions difficult.」
Several businesses experienced operating restrictions and shortened business hours due to the spread of COVID-19, and the company states that consumer spending at Jiyu Kukan, Sega and Komeda Coffee remained slow to recover even after the declaration was lifted. - FY2020MaterialisedAnnual report
「In the fiscal year ended March 2020, the company was affected by a decline in customer visits due to requests for people to refrain from going out as COVID-19 spread. In response to requests to close businesses under the state of emergency declared in April 2020, the Yellow Hat automotive maintenance business was asked to remain open, and therefore continued operating. To prevent infections among officers and employees, the company took early measures, including instructing them in early March of that year to wash their hands and gargle regularly. As of the filing date, no infections among the company's officers or employees had been confirmed.」
The company states that the decline in customer visits caused by requests to refrain from going out as COVID-19 spread affected performance in the fiscal year ended March 2020. It also describes its response of continuing operations and encouraging handwashing and gargling.