Risk to Dining-Out Demand and Business Performance from the Spread of COVID-19
First written in FY2020. 4 of 12 entries say "Worsened", first in FY2021-Q3. Latest entry: FY2024.
Delica Foods Holdings 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
「In the food-service industry, a major customer group for our Group, current demand has remained firm as foot traffic has increased, as described above. Combined with the positive impact of price revisions, this has resulted in many customers recovering to pre-pandemic levels.」
It was stated that many customers had recovered to pre-pandemic levels, supported by increased foot traffic and the impact of price revisions. - FY2024-Q1MitigatedAnnual report
「Even in the food-service industry, a major customer group for our Group, demand has been trending upward as social and economic activity has normalised as described above, driven by increased foot traffic, including inbound tourism. Overall, demand has recovered to pre-pandemic levels, but the pace of recovery has varied by business format, and some formats are not expected to fully recover for some time.」
Food-service demand overall recovered to pre-pandemic levels as foot traffic increased, but differences in recovery by business format and delays in the recovery of some formats remain. - FY2023-Q3MitigatedAnnual report
「Although demand at foodservice businesses, the Group's major customers, showed signs of recovering as COVID-19 infections subsided, as described above, the pace of recovery varied by business format, and the Company expects that it will take some more time for a full recovery.」
Although the impact of the spread of infections on foodservice demand remained, demand showed signs of recovering as infections subsided. However, differences in recovery by business format and the time required for a full recovery continued to be noted. - FY2023-Q2MaterialisedAnnual report
「In the food-related industries in which the Group operates, customer traffic at foodservice businesses, the Group's major customers, failed to recover fully due to the Omicron variant, which spread rapidly, particularly from July onward. In addition, the operating environment remained unpredictable because of constraints on store operations caused by labor shortages, surging electricity, fuel and raw-material prices, and higher labor costs.」
The rapid spread of the Omicron variant slowed the recovery in customer traffic at foodservice businesses, the Group's major customers, and the infection-related risk to foodservice demand became evident in the actual business environment. - FY2023-Q1WorsenedAnnual report
「However, the situation remains unpredictable due to constraints on store operations in some areas caused by labor shortages and concerns that consumer activity may be restrained by a renewed increase in the number of COVID-19 cases.」
While social activity normalized and dining-out traffic recovered, concerns were again raised that a renewed increase in COVID-19 infections could constrain consumer behavior, and the risk to foodservice demand continued. - FY2022RestatedAnnual report
「In the food-related industries in which the Group operates, business formats centered on at-home consumption, such as major mass retailers and food supermarkets, and foodservice formats centered on takeout remained relatively firm against a backdrop of stay-at-home consumption. Meanwhile, demand remained sluggish at restaurants and other establishments forced to close or shorten their operating hours.」
While some retail and takeout formats remained firm, demand at restaurants forced to close or shorten their operating hours remained sluggish, reflecting the continuing impact of COVID-19. - FY2022-Q3WorsenedAnnual report
「In the food-related industry in which our group operates, some business formats, including fast food, saw sales exceed pre-pandemic levels. However, many food-service operators continue to face a challenging operating environment, with customer traffic recovering slowly and labor shortages arising as businesses resumed operations simultaneously.」
While some business formats saw sales recover, customer traffic recovered slowly at many foodservice operators, and labor shortages also emerged after operations resumed. The risk to foodservice demand associated with COVID-19 continued. - FY2022-Q1RestatedAnnual report
「In the food-related industries in which the Group operates, some business formats remained firm, including certain retailers that captured demand for at-home consumption and family demand at roadside stores as individuals changed their lifestyles in response to restrictions on going out and travel. However, the operating environment remained difficult, particularly in the foodservice industry, where customer numbers declined and businesses were forced to restrict their operating hours.」
Declining customer numbers, mainly in the foodservice industry, and restrictions on operating hours continued, and the business-environment risks from COVID-19 remained. Meanwhile, sales and the size of the loss improved from the same period of the previous year. - FY2021WorsenedAnnual report
「In the wholesale produce business, the Company's core business, demand declined substantially in the foodservice industry, its main sales channel, resulting in a downturn in sales volume.」
The decline in foodservice demand associated with COVID-19 continued throughout the fiscal year and became evident in the results, with sales down 21.5% and an ordinary loss of ¥1,031 million. - FY2021-Q3WorsenedAnnual report
「In the food-related industries in which the Group operates, uncertainty about the outlook has increased as the severe impact on the foodservice industry from restrictions on going out and travel, as well as the loss of inbound demand, has continued.」
The severe impact on the foodservice industry continued, and the third wave of infections increased uncertainty about the outlook. - FY2021-Q1MaterialisedAnnual report
「However, the spread of COVID-19 from January onward caused a substantial decline in Group sales as consumers dined out less frequently and major business partners, including foodservice and prepared-food companies, suspended operations or shortened business hours.」
Fewer dining-out occasions and closures and shortened business hours at major business partners continued amid the spread of COVID-19, resulting in a substantial actual decline in Group sales. - FY2020First statedAnnual report
「However, the spread of COVID-19 from January onward caused a substantial decline in Group sales as consumers dined out less frequently and major business partners, including foodservice and prepared-food companies, suspended operations or shortened business hours.」
The spread of COVID-19 led to closures and shortened business hours at major business partners and fewer dining-out occasions, resulting in a substantial actual decline in Group sales.