Risk of store closures and event cancellations due to requests to refrain from going out
First written in FY2021-Q3. 7 of 10 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 24 of 39 companies on the "Worse" side.
26 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「A resurgence or prolonged course of the COVID-19 pandemic could create risks including continued restraint on holding events and new business activities not progressing as planned because direct customer visits would not be possible.」
The possibility that a resurgence or prolonged course of the COVID-19 pandemic could lead to restraint on events and stagnation in sales activities continues to be treated as a risk. - FY2025RestatedAnnual report
「A resurgence or prolonged course of the COVID-19 pandemic could create risks including continued restraint on holding events and new business activities not progressing as planned because direct customer visits would not be possible.」
The possibility that a resurgence or prolonged course of the COVID-19 pandemic could lead to restraint on events and stagnation in sales activities continues to be treated as a risk. - FY2024RestatedAnnual report
「A resurgence or prolonged course of the COVID-19 pandemic could create risks including continued restraint on holding events and new business activities not progressing as planned because direct customer visits would not be possible.」
The possibility that a resurgence or prolonged course of the COVID-19 pandemic could lead to restraint on events and stagnation in sales activities continues to be identified as a risk. - FY2023-Q3RestatedAnnual report
「While these growth initiatives were under way, Japan's macro environment was affected by the full lifting of COVID-19-related restrictions on movement from March 2022 and the resulting resumption of consumption activity in physical settings, as well as the backlash from the stay-at-home consumption seen through the previous year...」
The business environment continues to include the backlash from stay-at-home consumption following the lifting of movement restrictions and the resumption of physical consumption. This is occurring alongside the resumption of activity in the store and events businesses, with no material change in risks indicated. - FY2023-Q2RestatedAnnual report
「The store business, which had been weak in the previous fiscal year, recovered substantially as the COVID-19 situation showed signs of settling.」
The disclosure states that the store business recovered as the COVID-19 situation showed signs of settling, with the impact of requests to refrain from going out and other measures continuing to ease. - FY2023-Q1MitigatedAnnual report
「As the COVID-19 situation in Japan showed signs of settling and consumption activity in physical settings began to resume in earnest, the backlash from the stay-at-home consumption seen through the previous year...」
The easing of the impact of requests to refrain from going out and other measures on the store and events businesses, compared with the previous fiscal year, is described as resulting from the stabilization of the COVID-19 situation and the resumption of physical consumption. - FY2022-Q3RestatedAnnual report
「The events and store services were significantly affected by requests to refrain from going out and other measures to prevent the spread of COVID-19.」
The impact of requests to refrain from going out and other measures on the store and events businesses continues to be disclosed. - FY2022-Q1RestatedAnnual report
「The events and store services were significantly affected by requests to refrain from going out and other measures to prevent the spread of COVID-19.」
The impact of requests to refrain from going out and other measures on the store and events businesses has continued. No new material risk changes have been identified. - FY2021WorsenedAnnual report
「As a result of these factors overlapping, revenue came to ¥85,581 thousand, or 25.4% of the previous year.」
Requests to refrain from going out and other measures affected store closures and event cancellations, as well as causing a substantial decline in full-year revenue from the events and store services. - FY2021-Q3MaterialisedAnnual report
「The event and store services were significantly affected by requests to refrain from going out to prevent the spread of COVID-19.」
In contrast to increased demand online, requests to stay home actually resulted in store closures, store shutdowns and event cancellations.