Impact of COVID-19 on the Herb Garden and Herb Wholesale Businesses
First written in FY2021-Q1. 3 of 7 entries say "Mitigated", first in FY2021-Q3. Latest entry: FY2024-Q2.
The whole theme swung hardest in 2020: 25 of 30 companies on the "Worse" side.
13 other companies' latest entry also says "Mitigated".
- FY2024-Q2MitigatedAnnual report
「During the cumulative second quarter of the current fiscal year, the Group, consisting of the company and its affiliated companies, transferred the Herb Garden operations and withdrew from the business.」
The Group's exposure to the impact of COVID-19 on herb garden visitor numbers and herb wholesale sales decreased after the relevant business was transferred and exited and removed from the scope of consolidation. - FY2022-Q3WorsenedAnnual report
「In the production and wholesale business, in addition to restaurant industry closures and reduced operating hours, reduced harvests caused by heavy rain and rapid temperature changes made stable production and shipments difficult. The business continued to struggle, with results falling below the previous year's level.」
Amid continued demand declines due to closures and reduced operating hours in the restaurant industry, lower harvests caused by torrential rain and sharp temperature changes also weighed on the production and wholesale business, which performed below the previous year's results. - FY2022-Q2WorsenedAnnual report
「In the production and wholesale business, in addition to the impact of restaurant closures and reduced operating hours, heavy rain and high temperatures reduced harvests and caused lost sales opportunities. The business continued to struggle, with sales falling further below the previous year's results.」
Demand continued to decline due to closures and reduced operating hours at restaurant companies, and the production and wholesale business performed below the previous year's results. The impact of the infectious disease on wholesale sales to restaurants continues. - FY2022-Q1MitigatedAnnual report
「Because the business was affected by closures and reduced operating hours at its main restaurant customers, it focused on wholesale sales to mass retailers. Although revenue increased to 121.7% of the level in the same period of the previous year, the decline could not be fully offset and the business continued to struggle.」
In response to the decline in wholesale sales to restaurant companies, the business shifted its sales channels to mass retailers, increasing revenue to 121.7% of the level in the same period of the previous year. However, it has not fully offset the decline in demand from restaurants caused by the infectious disease. - FY2021-Q3MitigatedAnnual report
「Wholesale sales to the restaurant industry struggled as restaurant chains were forced to suspend operations due to the spread of the infectious disease, while wholesale sales to supermarkets grew on demand for at-home consumption and recovered to approximately the previous year's level.」
Although wholesale sales to restaurant chains struggled due to the infectious disease, wholesale sales to supermarkets grew, bringing revenue back to approximately the previous year's level. - FY2021-Q2MaterialisedAnnual report
「At the herb garden operated by consolidated subsidiary 大多喜ハーブガーデン, orders in the wholesale business for various herbs supplied to restaurants and other establishments declined substantially. This was due to lost sales opportunities caused by poor crop growth resulting from a prolonged rainy season and extreme heat, as well as the forced suspension of operations by restaurant chains, the end users, due to COVID-19. Meanwhile, efforts to strengthen information dissemination through various social media channels resulted in total social media followers exceeding 15,000, and increased promotional opportunities through various media. Consequently, the number of visitors to the herb garden increased 16% year on year.」
Although wholesale orders from restaurant chains declined substantially due to the infectious disease, visitor numbers increased 16% year on year as a result of social media and media initiatives. - FY2021-Q1First statedAnnual report
「The Herb Garden was severely affected by the state of emergency declared in response to COVID-19. Visitor numbers fell 59% year on year because of requests to refrain from going out and the cancellation of events during Golden Week. In addition, wholesale sales to restaurant companies declined significantly because the Group's main restaurant customers were broadly closed.」
The decline in Herb Garden visitors and wholesale sales caused by restaurant closures first emerged as a separate COVID-19 risk theme.