Impact of Consumption Stagnation and Business Performance Due to the Spread of COVID-19
First written in FY2020. 8 of 19 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2026ReframedAnnual report
「If a novel influenza virus or unknown infectious disease spreads worldwide, causing operating restrictions at domestic and overseas sites or labor shortages due to employees becoming infected, the Group's operating results may be affected.」
The description was reorganized from a focus on COVID-19 to broader pandemic-related operating, labor and supply chain risks, including novel influenza viruses and unknown infectious diseases. Responses including strengthening e-commerce, diversifying the supply chain and forecasting demand were also presented. - FY2025-H1SoftenedAnnual report
「As the impact of COVID-19 subsided, personal consumption showed signs of recovery, including an expansion in inbound demand, while」
The end of the pandemic's impact and the recovery of inbound demand and personal consumption were reconfirmed, and it was stated that the previous effects of stagnant consumption due to COVID-19 had weakened. - FY2025-Q1SoftenedAnnual report
「As the impact of COVID-19 subsided, personal consumption showed signs of recovery, including an expansion in inbound demand, while」
The end of the pandemic's impact and recovery in personal consumption were indicated, reconfirming that the previous effects of stagnant consumption due to COVID-19 had weakened. - FY2024RestatedAnnual report
「If COVID-19 or a different novel virus spreads again and the government or local authorities impose restrictions on going out or business operations, or request business closures, the Group's operating results may be affected.」
Even after the pandemic's impact subsided, the risk of an impact on operating results from restrictions on going out, business restrictions and other measures if infections spread again continued to be described. - FY2024-Q3SoftenedAnnual report
「Personal consumption recovered as the impact of COVID-19 subsided. However, difficult conditions continued due to a combination of factors, including changes in consumer sentiment toward apparel products resulting from the pandemic, surging resource and raw-material prices amid conflicts in Ukraine and Palestine, and the substantial depreciation of the yen.」
The end of the pandemic's impact and recovery in personal consumption were indicated, further weakening the risk of stagnant consumption due to the pandemic. However, changes in consumer sentiment and other external factors remain. - FY2024-Q2SoftenedAnnual report
「As the impact of COVID-19 subsided, personal consumption showed signs of recovery, but」
The end of the pandemic's impact and recovery in personal consumption were indicated, further weakening the risk of stagnant consumption due to COVID-19. However, changes in consumer sentiment remain. - FY2024-Q1SoftenedAnnual report
「As the impact of COVID-19 subsided, personal consumption showed signs of recovery, while」
The end of the pandemic's impact and recovery in personal consumption were indicated, and the risk of stagnant consumption due to COVID-19 weakened somewhat. However, difficult conditions continue due to changes in consumer sentiment and other external factors. - FY2023SoftenedAnnual report
「Although the spread of COVID-19 is expected to subside going forward, if infections spread again and the government or local authorities impose restrictions on going out or business operations, or request business closures, the Group's operating results may be affected.」
The assumption that the pandemic is expected to subside going forward was added, and the previous pandemic-related effects weakened somewhat. However, the risk of an impact on operating results from restrictions on going out, business restrictions and other measures if infections spread again remains. - FY2023-Q3RestatedAnnual report
「However, the outlook remains uncertain due to the effects of soaring global resource prices and the rapid depreciation of the yen resulting from the situation in Russia and Ukraine, as well as another increase in COVID-19 cases.」
While recovery in demand as activity restrictions were eased was indicated, the risk that COVID-19 would affect operating results remained due to the renewed increase in cases. - FY2023-Q2SoftenedAnnual report
「The apparel industry is showing signs that the COVID-19 pandemic is coming under control, and demand for going out is gradually recovering as restrictions on activities are eased, while growth in personal consumption is expected,」
Signs that the pandemic was coming under control and that demand for going out was recovering as activity restrictions were eased were presented, indicating that the pandemic's impact had weakened somewhat through the previous quarter. However, it was also stated that the pandemic's impact continued in other businesses. - FY2023-Q1RestatedAnnual report
「While the rollout of vaccines against COVID-19 and the gradual recovery in demand for going out are expected to support growth in personal consumption, consumer sentiment has not fully recovered and difficult conditions continue.」
The progress of vaccinations and recovery in demand for going out were indicated, while noting that the difficult conditions would continue because consumer sentiment had not fully recovered. - FY2022RestatedAnnual report
「As COVID-19 spread, sales declined as customers restricted their outings, and stores were required to shorten business hours or close in response to state of emergency declarations and other measures. Depending on the future spread of the virus, the Group's operating results may be affected further.」
The continued effects of declining sales due to restrictions on going out, shortened business hours and store closures, and the possibility of additional effects on operating results from the spread of COVID-19 were described. The response measures of strengthening e-commerce and reviewing production plans and inventory management were also presented. - FY2022-Q3RestatedAnnual report
「In response to the government's state of emergency declaration and requests from local authorities related to the spread of COVID-19, the stores operated by the Group implemented temporary closures and shortened business hours. Although the state of emergency was subsequently lifted, if the impact of COVID-19 continues, it may have a material effect on the Group's financial position, operating results and cash flows.」
Temporary closures and shortened business hours occurred in response to the state of emergency declaration and requests from local authorities, and the potential for continued pandemic-related effects to materially affect the financial position, operating results and cash flows continued to be described. - FY2022-Q2RestatedAnnual report
「If the impact of COVID-19 continues, it may have a material effect on the Group's financial position, operating results and cash flows.」
The risk of temporary store closures and shortened business hours, and of continued pandemic-related effects materially affecting the financial position, operating results and cash flows, continued to be described. - FY2022-Q1RestatedAnnual report
「The apparel industry continues to be affected by consumers refraining from going out due to the spread of COVID-19, as well as by the impact on sales of commercial facility closures and shortened business hours. Although the supply of vaccines and the start of mass vaccinations are expected to bring the situation under control, the government issued a third state of emergency declaration on 23 April 2021, and the period was extended in certain areas, leaving the overall outlook uncertain.」
The continuing impact on sales of consumers refraining from going out, commercial facility closures and shortened business hours, and the third state of emergency declaration, as well as the uncertain outlook, were described. - FY2021-Q3RestatedAnnual report
「In response to the government's state of emergency declaration and requests from local authorities related to the spread of COVID-19, the stores operated by the Group implemented temporary closures and shortened business hours. Although the state of emergency was subsequently lifted, if the impact of COVID-19 continues, it may have a material effect on the Group's financial position, operating results and cash flows.」
The potential for the pandemic's impact to continue even after the state of emergency was lifted, and the effects of temporary store closures and shortened business hours on the financial position, operating results and cash flows, were reconfirmed. - FY2021-Q2WorsenedAnnual report
「However, following the declaration of a state of emergency in response to the COVID-19 pandemic, many stores were forced to close from April through early May. Thereafter, sales at Group companies continued to struggle significantly, particularly in stores, due to shortened business hours and a decline in customer traffic resulting from consumers refraining from going out. As a result, inventory that had lost sales opportunities also had to be revalued.」
The impact of COVID-19 continued into the second quarter, resulting in store closures, shortened business hours, fewer customer visits and the revaluation of inventory that had lost sales opportunities. Net sales decreased 31.2% year on year, and the operating loss was ¥10,469 million. - FY2021-Q1MaterialisedAnnual report
「In response to the government's state of emergency declaration and requests from local authorities for businesses to close, the stores operated by the Group implemented temporary closures and shortened business hours. Although the state of emergency was subsequently lifted, if the impact of COVID-19 continues, it may have a material effect on the Group's financial position, operating results and cash flows.」
Temporary store closures and shortened business hours actually occurred due to the spread of COVID-19, and the potential for continued pandemic-related effects to materially affect the financial position, operating results and cash flows was described. A loss of ¥2,414 million from temporary closures and other measures was also recognized as an extraordinary loss. - FY2020MaterialisedAnnual report
「Since February 2020, conditions have generally been difficult, including a deterioration in consumption trends due to the impact of COVID-19, which spread worldwide.」
The impact of the spread of COVID-19 and deterioration in consumption trends were described for the first time as the actual business environment during the fiscal year.