Material Events Concerning Going Concern Arising from the Impact of COVID-19
First written in FY2020. 6 of 12 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2025: 2 of 10 companies on the "Worse" side.
5 other companies' latest entry also says "Dropped".
- FY2024DroppedAnnual report
「COVID-19, which had had a major impact, was reclassified from Category 2-equivalent to Category 5 in May. Consumers became more willing to engage in activities, and demand for eating out showed signs of recovery.」
The previous quarterly reports described events or conditions that raised significant doubt about the going-concern assumption and material uncertainty, but no such disclosures could be identified in the report for the current fiscal year. - FY2023-Q3RestatedAnnual report
「In addition, the company determined that no material uncertainty existed regarding the going-concern assumption because it expected business performance to recover after the pandemic subsided.」
Although events or conditions that raised significant doubt about the going-concern assumption remained, the company continued to determine that no material uncertainty existed based on the expected recovery in business performance after the pandemic subsided. - FY2023-Q2RestatedAnnual report
「In addition, the company determined that no material uncertainty existed regarding the going-concern assumption because it expected business performance to recover after the pandemic subsided.」
Although significant events remained due to the decline in demand caused by the seventh wave and revenue below pre-pandemic levels, the company continued to determine that no material uncertainty existed based on eased restrictions on movement, an expected recovery in inbound demand, the development of new products and external sales channels, and cost controls, among other factors. - FY2023-Q1RestatedAnnual report
「In addition, the company determined that no material uncertainty existed regarding the going-concern assumption because vaccination was gradually progressing and it expected business performance to recover after the pandemic subsided.」
Although events or conditions existed that raised significant doubt about the going-concern assumption, the company continued to determine that no material uncertainty existed based on progress in vaccinations and the expected recovery in business performance after the pandemic subsided. - FY2022WorsenedAnnual report
「During the consolidated fiscal year, as in the previous consolidated fiscal year, the group was affected by COVID-19 throughout the year. Revenue declined substantially due to temporary closures, reduced operating hours and restrictions on serving alcoholic beverages accompanying voluntary suspensions of operations, including at franchise locations, as well as a sharp decline in inbound travelers and lower domestic banquet demand. The group consequently recorded operating losses for 3 consecutive fiscal years, and events or conditions existed that raised significant doubt about the going-concern assumption.」
Operating losses continued for 3 consecutive fiscal years, expanding the events or conditions that raised significant doubt about the going-concern assumption. However, the company determined that no material uncertainty existed based on subsidy income and the expansion of sales through external channels, among other factors. - FY2022-Q3RestatedAnnual report
「In addition, although there were concerns about a renewed spread caused by new variants, third-dose vaccinations were scheduled and economic activity was expected to recover. The company therefore determined that no material uncertainty existed regarding the going-concern assumption because it expected business performance to recover after the pandemic subsided.」
Although events or conditions existed that raised significant doubt about the going-concern assumption, the company continued to determine that no material uncertainty existed based on vaccinations, the recovery of economic activity and the expected recovery in business performance after the pandemic subsided. - FY2022-Q2RestatedAnnual report
「In addition, as economic activity was expected to recover as vaccination progressed, the company determined that no material uncertainty existed regarding the going-concern assumption because it expected business performance to recover after the pandemic subsided.」
Although events or conditions existed that raised significant doubt about the going-concern assumption, the company continued to determine that no material uncertainty existed based on cost controls, reductions in head-office expenses, new sales channels, the use of subsidies and progress in vaccinations, among other factors. - FY2022-Q1MitigatedAnnual report
「In addition, the company determined that no material uncertainty existed regarding the going-concern assumption because vaccination was gradually progressing and it expected business performance to recover after the pandemic subsided.」
Although significant events caused by voluntary suspensions of operations and other factors continued, the company stated that no material uncertainty existed based on cost controls, reductions in head-office expenses, new sales channels, strengthened delivery, takeaway and food-service operations, progress in vaccinations and the expected recovery after the pandemic subsided. - FY2021WorsenedAnnual report
「Due to the impact of COVID-19, revenue declined substantially as inbound travelers and domestic banquet demand fell sharply and people refrained from going out, resulting in operating losses for 2 consecutive fiscal years.」
Operating losses continued for 2 consecutive fiscal years against the backdrop of COVID-19, and the company also breached financial covenants. As a result, significant events relating to the going-concern assumption expanded in the full-year results. However, the company received forbearance from financial institutions and determined that no material uncertainty existed. - FY2021-Q2RestatedAnnual report
「In addition, the company determined that no material uncertainty existed regarding the going-concern assumption because operations had resumed at almost all stores from July and revenue was already showing signs of recovery.」
The company continued to determine that no material uncertainty existed regarding the going-concern assumption based on the resumption of operations at almost all stores and the recovery trend in revenue. - FY2021-Q1MitigatedAnnual report
「In addition, the company determined that no material uncertainty existed regarding the going-concern assumption because it expected revenue to recover as operations resumed at almost all stores from July.」
Although conditions existed that raised significant doubt about the going-concern assumption, the company determined that no material uncertainty existed based on cost controls, reductions in head-office expenses, strengthened delivery and takeaway operations, and the resumption of operations at almost all stores from July. - FY2020First statedAnnual report
「Events or conditions that raised significant doubt about the going-concern assumption existed due to the recognition of an operating loss and breaches of financial covenants, but as these were attributable solely to the impact of COVID-19,」
The company disclosed for the first time events or conditions that raised significant doubt about the going-concern assumption due to the recognition of an operating loss and breaches of financial covenants.