Impact of COVID-19 on Demand and Business Activities
First written in FY2020. 5 of 17 entries say "Worsened", first in FY2021-Q3. Latest entry: FY2024.
Haba Laboratories 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 2020: 119 of 169 companies on the "Worse" side.
47 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「During the current consolidated fiscal year, Japan's economy saw the impact of COVID-19 on daily life and the economy substantially reduced as the pandemic continued to subside.」
The company states that the impact of COVID-19 on daily life and the economy was substantially reduced against the backdrop of the lowering of the disease classification and other factors. At the same time, it states that uncertainty remains in its accounting estimates. - FY2024-Q3RestatedAnnual report
「At the end of the third quarter of the current fiscal year, the company reviewed the recoverability of its deferred tax assets based on its best estimates in light of future operating trends and other factors. As a result, it reversed deferred tax assets of ¥189.343 million and recorded the same amount as income taxes—deferred.」
The company continues to assume that the impact of COVID-19 on daily life and the economy has been substantially reduced, while also continuing to state that uncertainty remains. - FY2024-Q2MitigatedAnnual report
「During the cumulative first 6 months of the current fiscal year, Japan's economy saw the impact of COVID-19 on daily life and the economy substantially reduced as the pandemic continued to subside, although uncertainty about the outlook remained.」
The company states that the impact of COVID-19 on daily life and the economy was substantially reduced, further easing risks from the spread of infections and store-closure phase through the previous fiscal year. At the same time, it states that uncertainty about the outlook remains. - FY2024-Q1MitigatedAnnual report
「As COVID-19 continued to subside, measures including the lowering of its classification under the Infectious Diseases Control Law and relaxed mask-wearing requirements were introduced in May, substantially reducing the impact of COVID-19 on daily life and the economy.」
The company states that the impact on daily life and the economy was substantially reduced following the lowering of the disease classification and the relaxation of mask-wearing requirements. At the same time, it states that uncertainty over the impact remains in its accounting estimates. - FY2023MitigatedAnnual report
「The classification of COVID-19 under the Infectious Diseases Control Law has been lowered to Category 5, and a gradual recovery is expected. Accordingly, the company made accounting estimates on the assumption that the impact would gradually decline from the following consolidated fiscal year onward. However, the impact of COVID-19 remains uncertain, and the group's operating results and financial position may be affected depending on future developments.」
The company assumes that the impact will gradually decline from the following fiscal year onward following the transition to Category 5 under the Infectious Diseases Control Law and the expected recovery. At the same time, it states that uncertainty and the possibility of an impact on operating performance remain. - FY2023-Q3WorsenedAnnual report
「During the cumulative first 9 months of the current fiscal year, infections temporarily surged due to the eighth wave of COVID-19. Looking beyond the pandemic, the company made accounting estimates on the assumption of a gradual recovery. However, because the impact of COVID-19 remains uncertain, future losses may arise if changes occur in the group's business environment due to the impact on economic conditions or other factors.」
The company stated that, following the declining trend after the seventh wave in the previous quarter, infections temporarily surged during the eighth wave, and that uncertainty over the impact of the pandemic and the possibility of future losses continue. - FY2023-Q2Decline after the seventh wave and continuing uncertaintyAnnual report
「During the cumulative first 6 months of the current fiscal year, the number of infections temporarily surged due to the seventh wave of COVID-19, but subsequently showed a declining trend. Looking beyond the pandemic, the company made accounting estimates on the assumption of a gradual recovery. However, because the impact of COVID-19 remains uncertain, future losses may arise if changes occur in the group's business environment due to the impact on economic conditions or other factors.」
After infections temporarily surged due to the seventh wave, they showed a declining trend, and the company assumes a gradual recovery looking beyond the pandemic. At the same time, uncertainty over the impact and the possibility of future losses remain. - FY2023-Q1MitigatedAnnual report
「During the cumulative first quarter of the current fiscal year, the number of new infections showed a declining trend due to the promotion of COVID-19 vaccinations and other factors. Looking beyond the pandemic, the company made accounting estimates on the assumption of a gradual recovery.」
The number of new infections began to decline due to vaccination efforts and other factors, and the company assumes a gradual recovery looking beyond the pandemic. Although pandemic-related risks remain, they have eased somewhat from the renewed spread and store-closure phase of the previous fiscal year. - FY2022MaterialisedAnnual report
「The outlook for the impact of COVID-19 on the group is currently uncertain and unforeseeable, but the possibility of a material impact on the group is increasing if the situation becomes prolonged.」
The prolonged impact of the pandemic resulted in full-year net sales of ¥12,908.861 million, an operating loss of ¥316.730 million and a ¥30.379 million loss from temporary store closures. The impact had become evident in operating performance and store operations. - FY2022-Q3WorsenedAnnual report
「Although the state of emergency was lifted in October 2021 and a recovery in consumer activity was expected as economic activity resumed, the subsequent spread of a new variant overseas created a situation requiring attention to the impact of a further spread of infections in Japan.」
The company stated that, despite expectations of a recovery after the state of emergency was lifted, attention was required to the renewed impact of the spread of a new variant. It actually recorded an operating loss of ¥505.010 million and a ¥28.626 million loss from temporary store closures, and also indicated the possibility of future losses. - FY2022-Q2WorsenedAnnual report
「During the cumulative first 6 months of the current fiscal year, the company was affected by the state of emergency and quasi-emergency measures issued in response to the renewed spread of COVID-19, the expansion of the areas covered and repeated extensions of the measures, including weaker consumer sentiment caused by restrictions on economic activity. However, assuming an improvement in economic activity due to vaccination efforts in Japan and other factors, the company made accounting estimates on the assumption of a gradual recovery in the second half of the current fiscal year.」
The renewed spread of infections and the issuance and extensions of the state of emergency and quasi-emergency measures continued, prolonging weak consumer sentiment. Although the company assumes a gradual recovery in the second half of the fiscal year, it recorded a cumulative operating loss of ¥568.334 million for the current quarter and a ¥28.620 million loss from temporary store closures. - FY2022-Q1WorsenedAnnual report
「During the cumulative first quarter of the current fiscal year, Japan's economy remained in a situation where a recovery in visitors to Japan could not yet be expected amid the renewed spread of COVID-19 infections in Japan and overseas. In addition to weaker consumer sentiment caused by restrictions on economic activity following the reissuance and extensions of the quasi-emergency measures and the state of emergency, no improvement was foreseeable in the decline in face-to-face services at stores.」
The renewed spread of infections, the reissuance and extensions of the quasi-emergency measures and the state of emergency continued, leaving no clear prospect of a recovery in visitors to Japan, consumer sentiment or face-to-face services at stores. - FY2021MaterialisedAnnual report
「The outlook for the impact of COVID-19 on the group is currently uncertain and unforeseeable, but the possibility of a material impact on the group is increasing if the situation becomes prolonged.」
The impact of the pandemic actually became prolonged, resulting in a 22.1% decline in net sales, an 88.6% decline in operating profit and a ¥145.882 million loss from temporary store closures. The company made accounting estimates on the assumption that the impact would continue for a certain period from the following fiscal year onward. - FY2021-Q3WorsenedAnnual report
「Although consumer activity showed signs of recovery following the lifting of the state of emergency in May 2020 and policies adopted by the national and local governments, the spread of the third wave in Japan could not be contained, leaving the company in a situation requiring attention to the impact of further infections in Japan and overseas.」
The spread of the third wave continued, and the company made accounting estimates on the assumption that the effects of the pandemic would continue for a certain period beyond the current fiscal year. It stated that future losses could arise if large-scale store closures recurred. - FY2021-Q2MaterialisedAnnual report
「During the cumulative first 6 months of the current fiscal year, the company remained in an uncertain outlook due to the sharp decline in visitors to Japan accompanying the spread of COVID-19 infections in Japan and overseas, domestic consumers refraining from going out, weaker consumer sentiment and store closures.」
Declining demand and store closures due to COVID-19 continued, leading to lower sales and losses. The company recorded a loss of ¥144.508 million from store closures and made accounting estimates on the assumption that the impact would continue through the second half of the fiscal year. - FY2021-Q1MaterialisedAnnual report
「During the cumulative first quarter of the current fiscal year, the company remained in an uncertain outlook due to the sharp decline in visitors to Japan accompanying the spread of COVID-19 infections in Japan and overseas, domestic consumers refraining from going out, weaker consumer sentiment and store closures.」
The decline in visitors to Japan, restrictions on going out, weaker consumer sentiment and store closures caused by COVID-19 actually occurred and led to lower sales and losses. The company also recorded a loss of ¥132.184 million from temporary store closures. - FY2020First statedAnnual report
「The shortfall in net sales and the shortfall in the net sales operating margin were attributable to the sharp decline in visitors to Japan accompanying the spread of COVID-19 infections in Japan and overseas, domestic consumers refraining from going out, and weaker consumer sentiment.」
The company identified COVID-19 as a new risk and explained that the sharp decline in visitors to Japan, restrictions on going out and weaker consumer sentiment were factors behind the shortfalls against its net sales and operating margin plans.