Risks to Business Continuity, Performance and Liquidity from COVID-19
First written in FY2020. 5 of 13 entries say "Restated". Latest entry: FY2024.
Taya 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: 5 of 15 companies on the "Worse" side.
14 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「During the fiscal year, Japan's economy showed signs of a gradual recovery as economic and social activity normalized with the subsiding of COVID-19, while inbound demand increased.」
The disclosure described the subsiding of COVID-19 and the normalization of economic and social activity, indicating a shift from the previous impact associated with operating restrictions toward an easing of that impact. - FY2024-Q2RestatedAnnual report
「While restrictions on activities related to COVID-19 had been lifted, the normalization of economic activity was progressing and the economy was on an upward trend in Japan during the cumulative second-quarter period」
The disclosure continued to describe the lifting of restrictions on activities and the normalization of economic activity in relation to COVID-19. - FY2024-Q1MitigatedAnnual report
「While restrictions on activities related to COVID-19 had been lifted and the normalization of economic activity was progressing in Japan during the cumulative first-quarter period」
The disclosure described the lifting of restrictions on activities and the normalization of economic activity in relation to COVID-19, indicating an easing from the previous impact associated with operating restrictions. - FY2023-Q3RestatedAnnual report
「Although concerns remained over the spread of the eighth wave of COVID-19, signs of an economic recovery began to emerge as restrictions on activities were eased.」
While concerns remained over the spread of the eighth wave, the disclosure described the easing of restrictions on activities and signs of an economic recovery, and continued to identify operating and performance risks from COVID-19. - FY2023-Q2RestatedAnnual report
「While the Japanese economy during the cumulative second-quarter period was beginning to show signs of an economic recovery as the impact of COVID-19 eased」
While signs of an economic recovery were beginning to emerge, uncertainty in the external environment continued to be disclosed in relation to the impact of COVID-19. - FY2023-Q1MitigatedAnnual report
「While the impact of COVID-19 has gradually begun to ease and signs of an economic recovery have emerged」
The description of the impact of COVID-19 has changed from the previous statement that its effects were continuing to an indication that the impact was gradually easing and signs of an economic recovery were emerging. - FY2022-Q3RestatedAnnual report
「Under these circumstances, in line with government and local authority guidelines, we prioritized the peace of mind and safety of customers and employees, worked to prevent the spread of infection at our stores, and endeavored to continue business operations.」
The Company has reaffirmed its commitment to continuing operations while maintaining measures against infectious diseases. - FY2022-Q2RestatedAnnual report
「As COVID-19 prevention measures, the Company thoroughly implemented measures including requiring employees to wear masks and conducting regular disinfection and ventilation」
The Company continues operating while maintaining infection prevention measures and continues to disclose the risk of COVID-19 affecting operations and performance. - FY2021WorsenedAnnual report
「As a result, although average spending per customer at existing stores increased 1.5% from the previous fiscal year, customer visits fell 22.8%, and sales at existing stores declined 21.7%. Consequently, sales for the fiscal year fell 22.4% from the previous fiscal year to ¥6,785 million.」
Although operations continued while infection prevention measures were implemented, customer visits fell 22.8%, existing-store sales fell 21.7% and total sales fell 22.4%, indicating that the impact of COVID-19 on performance was felt throughout the fiscal year. - FY2021-Q3WorsenedAnnual report
「As a result, for the nine months ended December, net sales were ¥5,048 million, down 25.7% year on year, operating loss was ¥947 million, compared with an operating loss of ¥191 million in the same period of the previous year, ordinary loss was ¥958 million, compared with an operating loss of ¥200 million, and net loss for the quarter was ¥1,031 million, compared with a net loss for the quarter of ¥7 million.」
Amid the impact of COVID-19, sales fell 25.7% year on year, while the operating loss, ordinary loss and quarterly net loss all widened from the same period of the previous year. - FY2021-Q2WorsenedAnnual report
「As COVID-19 prevention measures, the Company thoroughly implemented measures including requiring employees to wear masks and conducting regular disinfection and ventilation. Under the slogan “Mind, Skill and Body,” it worked to provide high-quality technical services, customer service and other services to satisfy customers.」
While thoroughly implementing infection prevention measures and reopening all stores from 1 June, sales for the cumulative second-quarter period fell 31.6% year on year and the operating loss was ¥732 million, indicating that the impact of COVID-19 on performance has continued. - FY2021-Q1WorsenedAnnual report
「Under these circumstances, although affected by measures to combat COVID-19, the Company continued its business activities as far as possible, prioritizing the safety and peace of mind of customers and employees, despite being forced to temporarily close some stores and shorten their operating hours. As a result, sales for the cumulative first-quarter period were ¥1,329 million, down 41.3% year on year, and the operating loss was ¥399 million, compared with an operating loss of ¥100 million in the same period of the previous year.」
The Company was forced to temporarily close some stores and shorten operating hours. Sales fell 41.3% year on year and the operating loss widened, indicating that the impact of COVID-19 on operations and performance has continued and intensified. - FY2020MaterialisedAnnual report
「The Company has implemented preventive measures, prioritizing the safety of customers and employees. However, its performance may be affected if an infected person is identified at a store or other location and this hinders the continuation of operations, or if an infection at a business partner causes adverse effects.」
COVID-19 is identified for the first time as a standalone risk, with the potential impact on business continuity and performance from infections at stores and business partners described. The disclosure also covers an 8.2% decline in customer visits due to weaker consumption and requests to refrain from going out from the fourth quarter onward, a decline in sales and the recording of losses.