Impact of COVID-19 on cosmetics demand and in-store sales
First written in FY2021-Q1. 4 of 9 entries say "Materialised", first in FY2021-Q3. Latest entry: FY2024-Q2.
No other company in this theme has enough history to compare yet.
- FY2024-Q2MitigatedAnnual report
「The impact of COVID-19 was subsiding, socioeconomic activity was returning to normal, and inbound consumption and domestic economic activity were on a recovery trend.」
The description of COVID-19’s impact has shifted to indicate that its effects are subsiding and socioeconomic activity is returning to normal, suggesting that the infection’s previous impact on the business is declining. - FY2023-Q1RestatedAnnual report
「The market for the Group’s mainstay base makeup products is trending smaller because companies have been forced to implement remote work and people have been forced to refrain from going out due to the COVID-19 pandemic.」
The contraction of the base makeup market related to COVID-19 continues to be cited as part of the business environment. - FY2022-Q3MaterialisedAnnual report
「Against this backdrop, demand for the Group’s mainstay foundation products fell sharply, strongly affected by a decline in shipments across the makeup cosmetics market as a whole.」
Under the impact of COVID-19, declines in shipments across the makeup cosmetics market and demand for mainstay foundation products continued to appear in results. In addition, sales of base makeup products in wholesale sales declined due to shortened store operating hours and companies’ remote work. - FY2022-Q2MaterialisedAnnual report
「The Group’s revenue was affected by shortened in-store operating hours and companies’ implementation of remote work. Although sales of base makeup products declined in wholesale sales, sales of the Group’s new product “Bubble Shot” and original product “Jogfoot” progressed steadily.」
The effects of shortened store operating hours and companies’ remote work associated with COVID-19 continued to appear in results as a decline in sales of base makeup products in wholesale sales. - FY2022-Q1RestatedAnnual report
「Within the Group, opportunities to purchase through mail-order sales have increased as people refrain from going out due to the spread of COVID-19.」
The company reported an increase in opportunities to purchase through mail-order sales as people refrained from going out while the effects of COVID-19 continued. It stated that there had been no new occurrence or significant change in business or other risks. - FY2021MaterialisedAnnual report
「Against this backdrop, demand for the Group’s mainstay foundation products fell sharply, strongly affected by a decline in shipments across the makeup cosmetics market as a whole.」
The effects of COVID-19-related restrictions on going out and stagnant personal consumption appeared in the annual results as a decline in shipments across the makeup cosmetics market and falling demand for foundation products. - FY2021-Q3MaterialisedAnnual report
「Against this backdrop, demand for the Group’s mainstay foundation products fell sharply, strongly affected by a decline in shipments across the makeup cosmetics market as a whole.」
The company stated that declining shipments across the makeup cosmetics market and falling demand for its mainstay foundation products were actual performance factors amid stagnant personal consumption caused by the resurgence of COVID-19 and declarations of a state of emergency. - FY2021-Q2WorsenedAnnual report
「In the near term, there is concern that an economic downturn could worsen if second and third waves of infections arrive and economic activity stagnates again due to requests for people to refrain from going out and the declaration of a state of emergency, delaying the recovery of the global economy amid deteriorating corporate performance and a prolonged economic slowdown.」
Regarding COVID-19, the company additionally indicated the possibility of second and third waves, requests for people to refrain from going out, and economic activity stagnating because of a declaration of a state of emergency. Business impacts have continued, with actual effects including shortened in-store operating hours and a decline in wholesale sales due to the impact of remote work. - FY2021-Q1First statedAnnual report
「During the cumulative first quarter under review, opportunities to purchase through mail-order sales increased as people refrained from going out due to the spread of COVID-19. However, demand for cosmetics, the Group’s mainstay products, declined. In addition, in-store sales channels were affected by store closures.」
The company stated that, as COVID-19 spread, increased opportunities to purchase through mail-order sales were accompanied by declining demand for its mainstay cosmetics and an actual impact on in-store sales from store closures.