Impact of COVID-19 on Business Performance
First written in FY2020-Q1. 4 of 9 entries say "Restated". Latest entry: FY2023-Q2.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2023-Q2MitigatedAnnual report
「On 8 May 2023, COVID-19 was reclassified as Category 5 under the Infectious Diseases Act, in line with seasonal influenza, and its impact on socioeconomic activity is expected to ease gradually. However, if a pandemic involving an infectious disease such as COVID-19 occurs in the future, some contact center reception, store, and logistics operations may be suspended, which could affect the Company’s business performance and financial condition.」
While the impact of COVID-19 on current socioeconomic activity is considered to be easing, the risk of operational disruption from a future infectious disease pandemic remains. - FY2021WorsenedAnnual report
「However, if a large-scale cluster occurs within the Company and causes some contact center reception, store, or logistics operations to be suspended, this may affect the Company’s business performance and financial condition.」
Regarding the risk from COVID-19, the company explicitly identifies the potential suspension of contact center, store, and logistics operations as specific impact pathways if an internal cluster occurs. - FY2021-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The company states that there are no new business or other risks, nor any material changes to existing risks. - FY2021-Q2RestatedAnnual report
「During the cumulative second-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The company states that there are no new business or other risks, nor any material changes to existing risks. - FY2021-Q1RestatedAnnual report
「During the cumulative first-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there are no new business or other risks, nor any material changes to existing risks. - FY2020WorsenedAnnual report
「However, if the spread of COVID-19 continues or becomes prolonged, resulting in lower consumer sentiment due to requests to refrain from going out, the temporary closure of auction venues where products are sold or a decline in market prices, or reduced store operating hours, this may affect the Company’s business performance and financial condition.」
The company explicitly identifies specific COVID-19 impact pathways as risks: weaker consumer sentiment, auction venue closures or declining market prices, and shorter operating hours. - FY2020-Q3RestatedAnnual report
「During the cumulative period through the third quarter, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year. However, as the impact of the spread of COVID-19 from the fourth quarter onward remains uncertain, we will continue to monitor developments and their impact.」
While stating that there are no new material risks or material changes to existing risks, the company continues to monitor the impact of COVID-19 from the fourth quarter onward. - FY2020-Q2MaterialisedAnnual report
「The impact of the spread of COVID-19 has been minor to date. However, as the situation from the third quarter onward remains uncertain, we will continue to monitor developments and their impact.」
The previous statement, “COVID-19 has had no impact on business performance at present,” was changed this time to state that a minor impact had occurred, also indicating uncertainty from the third quarter onward. - FY2020-Q1First statedAnnual report
「At present, there is no impact on business performance from COVID-19. We will continue to monitor changes in the situation.」
While stating that COVID-19 has had no impact on business performance at present, this is the first explicit mention that changes in the situation going forward will continue to be monitored.