Restaurant Closures and Deteriorating Business Conditions Due to COVID-19
First written in FY2021-Q1. 5 of 15 entries say "Restated". Latest entry: FY2025.
Synchro Food 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.
2 other companies' latest entry also says "Dropped".
- FY2025DroppedAnnual reportThe description of the operating environment and business risks for FY2025 does not explicitly mention restaurant closures or deterioration in the business environment caused by COVID-19.
- FY2024MitigatedAnnual report
「During the current consolidated fiscal year, Japan's economy showed signs of a gradual recovery as measures to combat COVID-19 were pursued alongside social and economic activity.」
The Group states that the economy showed signs of recovery as measures to combat COVID-19 were pursued alongside social and economic activity. - FY2024-Q1MitigatedAnnual report
「During the three-month period of the current first quarter, Japan's economy moved toward normalization, including increased movement of people, partly because COVID-19 was reclassified as a Class 5 disease under the Infectious Diseases Act.」
The Group states that the reclassification of COVID-19 as a Class 5 disease under the Infectious Diseases Act led to increased movement of people and progress toward economic normalization. - FY2023MitigatedAnnual report
「The economy showed signs of a gradual recovery as measures to combat COVID-19 were pursued alongside social and economic activity.」
The Group states that although the impact of COVID-19 continued, the economy showed signs of recovery as measures to combat the infection were pursued alongside social and economic activity. - FY2023-Q3MitigatedAnnual report
「During the nine-month period of the current third quarter, Japan's economy showed signs of recovery as social and economic activity increasingly resumed, supported by the wider availability of vaccines, despite the continuing impact of COVID-19.」
The Group states that although the impact of COVID-19 continued, social and economic activity became more active as vaccines became more widely available, and the economy showed signs of recovery. - FY2023-Q2RestatedAnnual report
「During the six-month period of the current second quarter, Japan's economy showed signs of recovery as social and economic activity increasingly resumed, supported by the wider availability of vaccines, despite the impact of COVID-19.」
The Group notes a recovery in social and economic activity supported by the wider availability of vaccines, while recruitment activity in job advertising remains affected by concerns about a renewed spread of the infection. - FY2023-Q1WorsenedAnnual report
「During the three-month period of the current first quarter, Japan's economy showed signs of recovery as social and economic activity increasingly resumed, partly because vaccinations against COVID-19 progressed. However, the outlook remains uncertain, with infections recently rising again.」
The Group notes a recovery in social and economic activity, while infections have risen again and the outlook remains uncertain. - FY2022RestatedAnnual report
「The Group operates a media platform business focused on the food-service industry as its primary business domain, but the impact of COVID-19 remains uncertain. Depending on the implementation of reduced operating hours or closures at restaurants, commercial facilities and other businesses under states of emergency and priority preventive measures arising from COVID-19, as well as changes in consumer trends, the Group's business and results may be affected.」
The Group continues to face the risk that COVID-19, states of emergency and priority preventive measures, and reduced operating hours or closures may affect its business and results. - FY2022-Q3WorsenedAnnual report
「However, uncertainty about the outlook has recently increased with the arrival of a sixth wave caused by a new variant. If conditions change from the assumptions above, the Group's financial position and operating results may be affected to a material extent.」
The Group notes the arrival of a sixth wave caused by a new variant and the resulting increase in uncertainty about the outlook. - FY2022-Q2RestatedAnnual report
「During the six-month period of the current second quarter, the impact of COVID-19 continued to suppress social activity overall. This included the fourth state of emergency, in effect from 12 July 2021 through 30 September 2021, following the third state of emergency in April 2021.」
The impact of COVID-19 and the suppression of social activity caused by states of emergency continued. The latter part of the disclosure also describes an economic recovery following the lifting of the declarations and progress in vaccinations. - FY2022-Q1WorsenedAnnual report
「However, there are many uncertainties regarding the impact of the spread of COVID-19, including vaccination rates and the prevalence of variants. If conditions change from the assumptions above, the Group's financial position and operating results may be affected to a material extent.」
The Group identifies vaccination rates and the prevalence of variants as new uncertainties concerning COVID-19. It also states that the rapid increase in infections in July 2021 and the fourth state of emergency declared for Tokyo have left the outlook uncertain. - FY2021RestatedAnnual report
「Depending on the prolonged reduction in operating hours or closure of restaurants, commercial facilities and other businesses under states of emergency and priority preventive measures arising from COVID-19, as well as changes in consumer trends, the Group's business and results may be affected.」
The Group continues to face the risk that COVID-19, states of emergency and priority preventive measures, and prolonged reductions in operating hours or closures may affect its business and results. - FY2021-Q3WorsenedAnnual report
「During the nine-month period of the current third quarter, signs of recovery emerged as economic activity gradually resumed and various policy measures took effect, despite the continuing impact of COVID-19. However, infections surged across Japan from the end of last year, and the outlook remains difficult to assess.」
The Group notes signs of an economic recovery, while infections have surged across Japan since the end of last year and the outlook remains difficult to assess. - FY2021-Q2RestatedAnnual report
「Although demand for eating out has partially recovered since the second quarter, concerns about a renewed spread of the infection persist, and the operating environment remains uncertain.」
The Group notes a partial recovery in demand for eating out, while concerns about a renewed spread of the infection and an uncertain operating environment continue. - FY2021-Q1MaterialisedAnnual report
「The spread of COVID-19 led to the issuance of a state of emergency, and social and economic activity rapidly stagnated. This had a serious impact on the Group, including the closure of restaurants, its main customers, and left its operating and business environments extremely challenging. Although economic activity has begun to resume since the state of emergency was lifted, concerns remain about a second wave of COVID-19, and the outlook for the economy remains uncertain.」
COVID-19 led to the suspension of operations by major customers and a deterioration in the business environment, with concerns about a second wave continuing even after restrictions were lifted.