Reduced Outings and Inbound Demand Due to the Spread of COVID-19
First written in FY2020-Q3. 6 of 13 entries say "Worsened", first in FY2021-Q1. Latest entry: FY2024-Q1.
Towa Food Service 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 2024: 2 of 9 companies on the "Worse" side.
6 other companies' latest entry also says "Mitigated".
- FY2024-Q1MitigatedAnnual report
「With COVID-19 reclassified as a Class 5 infectious disease and personal consumption recovering, the recovery in customer numbers became more pronounced than in the previous fiscal year.」
The company states that the recovery in customer numbers progressed further than in the previous fiscal year against the backdrop of the change in COVID-19's legal classification and the recovery in personal consumption. - FY2023MitigatedAnnual report
「As restrictions on activities related to the infection were eased, economic activity showed signs of returning to normal. In our performance for the current fiscal year, we exceeded the previous year's levels for sales, customer numbers, and average spend per customer in every month.」
The company states that restrictions on activities related to COVID-19 were eased and that sales, customer numbers, and average spend per customer exceeded the previous year's levels in every month of the current fiscal year. - FY2023-Q2Recovery trend under the seventh waveAnnual report
「Monthly sales as a percentage of the previous year were 140.8% in August, or 79.0% of the same month in 2019 before COVID-19, 143.5% in September, or 92.0%, and 126.5% in October, or 104.7%. Sales were clearly recovering even compared with the pre-COVID-19 period, but the effects of the seventh wave of COVID-19 infections were pronounced through the second week of September, making it difficult to secure sufficient customer traffic.」
While the company continued to struggle to secure customer traffic because of the seventh wave, monthly sales were 79.0%, 92.0%, and 104.7% of the pre-COVID-19 levels, respectively, and a recovery trend was also reported. - FY2023-Q1WorsenedAnnual report
「Customer numbers have declined since mid-July due to the effects of the seventh wave of COVID-19 infections, but」
The seventh wave of COVID-19 infections has newly resulted in a decline in customer numbers. - FY2022RestatedAnnual report
「We operated with a focus on infection-prevention measures in response to the effects of the spread of COVID-19. However, as in the previous fiscal year, difficult conditions continued because of closures and cooperation with requests to reduce operating hours from the government and local authorities, leaving only 128 days, or 35.1% of the total fiscal year, without operating restrictions.」
The company reports that the effects of closures and reduced-hours operations due to the infectious disease continued during the fiscal year, with unrestricted operations limited to 128 days, or 35.1% of the year. - FY2022-Q3WorsenedAnnual report
「However, due to the impact of the sixth wave of COVID-19 infections, quasi-emergency measures to prevent the spread of disease were applied again from 21 January, forcing us to shorten operating hours and operate some stores without serving alcoholic beverages.」
Customer numbers recovered after operating-hour restrictions were lifted, but the sixth wave again brought quasi-emergency measures, shorter operating hours, and restrictions on serving alcoholic beverages. - FY2022-Q1RestatedAnnual report
「At present, we are operating while taking thorough precautions for the safety of customers and employees and implementing infection-control measures based on industry guidelines and other standards. However, depending on future developments relating to the infection, if a decline in our net sales or higher costs resulting from such factors as surging purchase prices occurs, this could affect our business conditions and operating results.」
The company continues to disclose the risks of lower sales and surging purchase prices caused by COVID-19. - FY2021WorsenedAnnual report
「In terms of operations, we were forced to close for a cumulative 3,532 days, or 8.3% of all operating days, and to operate reduced hours at 89 stores for 214 days.」
The spread of COVID-19 resulted in a cumulative 3,532 days of closures and reduced-hours operations at 89 stores for 214 days, while annual net sales fell to 68.7% of the previous year. - FY2021-Q3WorsenedAnnual report
「The third wave of COVID-19 infections and the government's declaration of a state of emergency had a significant impact, particularly through lower customer numbers at urban stores more susceptible to the effects of telework and fewer customers visiting after 18:00 due to shorter operating hours. The recovery trend was temporarily disrupted, and customer numbers declined year on year to 75.8% in November, 67.1% in December, and 49.9% in January.」
The third wave of infections and the declaration of a state of emergency increased the impact of lower customer numbers at urban stores and shorter operating hours, temporarily disrupting the recovery trend. - FY2021-Q2WorsenedAnnual report
「The outlook remains uncertain in some respects because of the increase in infections now referred to as the third wave, but recovery has generally continued, except in some central urban areas where recovery has been slow due to the effects of telework.」
The third wave of infections has newly created uncertainty regarding the outlook, and the business impact of the COVID-19 pandemic continues. At the same time, the company states that customer numbers have generally been recovering except in some central urban areas. - FY2021-Q1WorsenedAnnual report
「Since 28 March 2020, up to 91 stores have been temporarily closed at one time due to the effects of voluntary closures of shopping centers and other factors associated with COVID-19. Stores have subsequently resumed operations in stages.」
The effects of COVID-19-related store closures continued, with up to 91 stores actually having been temporarily closed. - FY2020MaterialisedAnnual report
「The results fell significantly short of the published business plan because of lower inbound demand and store closures resulting from various measures, including the ban on overseas travel to prevent the spread of COVID-19, requests to refrain from going out in March, and the declaration of a state of emergency in April.」
The decline in inbound demand and store closures caused by COVID-19 actually occurred, resulting in performance significantly below the published business plan. - FY2020-Q3First statedAnnual report
「Anxiety caused by the spread of COVID-19 has also led to people avoiding outings and reduced efforts to capture inbound demand.」
For the first time, the company identifies reduced travel outside the home associated with the spread of COVID-19 and the decline in inbound demand as external risks that have actually materialized.