Impact of COVID-19 on Dining Demand and Store Operations
First written in FY2020. 6 of 17 entries say "Restated". Latest entry: FY2024.
SLD Entertainment 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".
- FY2024MitigatedAnnual report
「During the fiscal year, Japan's economy gradually recovered as COVID-19 was reclassified under the Infectious Diseases Control Law from the equivalent of Category 2 to Category 5, restrictions on activities were eased, and foot traffic became more active, personal consumption recovered, and business capital investment picked up.」
The company states that the reclassification of COVID-19 as a Category 5 disease and the easing of activity restrictions supported a recovery in foot traffic and personal consumption, further easing the direct impact on demand for eating out and store operations. - FY2024-Q3MitigatedAnnual report
「Following the reclassification of COVID-19 under the Infectious Diseases Control Law as a Category 5 disease, the move toward a post-pandemic society accelerated nationwide, and the recovery trend in customer traffic became firmly established.」
The company states that the recovery trend in customer traffic became firmly established following the reclassification of COVID-19 as a Category 5 disease, easing its direct impact on demand for eating out and store operations. - FY2024-Q2MitigatedAnnual report
「During the cumulative second quarter, there was no impact from COVID-19, and signs of a recovery in foot traffic emerged, driven by factors including increased inbound demand.」
During the cumulative second quarter, there was no impact from COVID-19, and the reclassification of the disease and recovery in foot traffic eased its direct impact on demand for eating out and store operations. However, a full recovery exceeding past losses had not been achieved. - FY2024-Q1MitigatedAnnual report
「Following the 8 May 2023 reclassification of COVID-19 under the Infectious Diseases Act to Category 5, the gradual increase in customer visits became more pronounced and sales began to recover. As a result, during the cumulative first quarter the Company recorded an operating profit of ¥36 million and an ordinary profit of ¥39 million. However, the recovery has not been sufficient to offset the significant losses previously recorded due to the increase in infections, and sales have not returned to pre-COVID-19 levels. Accordingly, events or circumstances that raise substantial doubt about the going-concern assumption continue.」
Following the reclassification of COVID-19 under the Infectious Diseases Control Law, customer traffic gradually increased and revenue showed a recovery trend, partially easing the pandemic's impact on demand and operations. However, revenue remained below pre-pandemic levels, and the impact continued. - FY2023MitigatedAnnual report
「In the food-service business, signs of a recovery in customer traffic emerged after the priority preventive measures were lifted in March 2022, and same-store sales also recovered.」
After the priority preventive measures were lifted, customer traffic and same-store sales showed signs of recovery, partially easing the impact of COVID-19 on demand and operations. However, the company states that sales had not recovered to pre-pandemic levels. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter, the increase in COVID-19 infections subsided temporarily, and customer traffic gradually increased from September, with signs of recovery particularly in the dinner-hour food-service business. However, the external environment surrounding the company remained unstable, as infections began increasing again in November.」
The company reports both signs of recovery in customer traffic and the dinner-hour business from September onward and an unstable external environment due to the renewed increase in infections in November, indicating that the pandemic's impact has continued. - FY2023-Q2WorsenedAnnual report
「During the cumulative second quarter, the spread of COVID-19 subsided temporarily and business performed well in June. However, the number of infections increased sharply in July due to a variant, and a typhoon occurred during the Bon holiday season in August. As a result, the external environment surrounding the company became challenging. In particular, the food-service business during dinner hours struggled amid calls for people to refrain from large gatherings and banquets.」
The increase in infections caused by a variant in July and the reluctance to hold social gatherings and banquets caused the dinner-hour food-service business to struggle, and the pandemic's impact on demand and operations intensified again. - FY2023-Q1RestatedAnnual report
「Although reduced operating hours under the priority preventive measures ended in March 2022, Tokyo was designated a period of heightened vigilance against a resurgence through May after the measures were lifted. Accordingly, the impact of COVID-19 on our business performance remained apparent during the current quarterly accounting period.」
Even after reduced operating hours ended, the pandemic continued to affect business performance through factors including Tokyo's period of heightened vigilance against a resurgence. - FY2022RestatedAnnual report
「However, new variants began spreading worldwide around the end of last year, and priority preventive measures were again applied in Japan in January 2022. As a result, our stores were affected, including by sluggish revenue.」
The spread of variants and the priority preventive measures introduced in January 2022 prolonged the pandemic's impact on store revenue. - FY2022-Q3RestatedAnnual report
「Although operations subsequently resumed in stages, customer visits declined and sales fell substantially compared with before the spread of the infection, due to changes in consumer behavior and other factors.」
The company has continued to disclose the decline in customer traffic and significant decline in revenue compared with pre-pandemic levels, even after operations resumed. - FY2022-Q2RestatedAnnual report
「In response to the spread of COVID-19, including the issuance of declarations of a state of emergency by the national and local governments and the application of priority preventive measures to prevent the spread of disease, we temporarily closed stores and reduced operating hours. Although operations have since resumed gradually, customer traffic has declined and revenue has fallen significantly compared with before the spread of the disease, due to changes in consumer behavior and other factors.」
The company has continued to disclose store closures and reduced operating hours due to the pandemic, as well as the continued decline in customer traffic and significant decline in revenue after operations resumed. - FY2022-Q1RestatedAnnual report
「Although operations subsequently resumed in stages, customer visits declined and sales fell substantially compared with before the spread of the infection, due to changes in consumer behavior and other factors.」
Even after operations resumed, customer traffic and revenue remained significantly below pre-pandemic levels due to changes in consumer behavior. While this is not a new risk, the pandemic's impact on demand for eating out and store operations has continued. - FY2021WorsenedAnnual report
「As a result, revenue from this service for the fiscal year was ¥1,705 million, down 57.6% year on year.」
Food-service revenue fell 57.6% year on year due to business closures, reduced operating hours and renewed declarations of a state of emergency related to the pandemic, with the impact becoming apparent throughout the fiscal year. - FY2021-Q3WorsenedAnnual report
「During the cumulative third quarter, the Japanese economy deteriorated rapidly as domestic and overseas economic activity stagnated and contracted due to the spread of COVID-19. Although domestic economic activity showed some signs of recovery after the state of emergency was lifted, the spread of the third wave of infections remained unchecked, and the outlook continued to be uncertain.」
The Company described the stagnation and contraction of economic activity and the unchecked spread of the third wave of infections, indicating that the impact of COVID-19 on food-service demand and store operations was becoming more prolonged and severe. - FY2021-Q2WorsenedAnnual report
「Although operations subsequently resumed in stages, customer visits declined and sales fell substantially compared with before the spread of the infection, due to changes in consumer behavior and other factors.」
Even after operations resumed, customer visits and sales continued to decline due to changes in consumer behavior, and the impact of COVID-19 on food-service demand became more severe. - FY2021-Q1WorsenedAnnual report
「In the food-service business, the impact of declining customer numbers due to requests to refrain from going out gradually expanded from March 2020. When a state of emergency was declared in April of the same year, the Company temporarily closed all directly operated stores, prioritizing the safety of customers, all employees and business partners while implementing measures to prevent the spread of infection and fulfilling its social responsibilities.」
The impact of declining customer numbers due to requests to refrain from going out expanded, and all directly operated stores were temporarily closed in April. The impact of COVID-19 on food-service demand and store operations became more severe. - FY2020MaterialisedAnnual report
「As the spread of COVID-19 from February 2020 caused customer visits to existing stores to slow rapidly, sales declined substantially.」
COVID-19 was explicitly identified for the first time as a standalone external risk, and the Company stated that customer visits had slowed and sales had already declined. Following the filing, the Company also disclosed the possibility of a material impact on its financial position, operating results and cash flows due to store closures and other factors.