Impact of COVID-19 on Consumer Demand and Wholesale Sales
First written in FY2020. 7 of 10 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2025ReframedAnnual report
「There is a risk that the group's business activities could be disrupted by an unexpected large-scale natural disaster or infectious disease outbreak.」
The company has organized its risk management around a BCP, teleworking and supply-chain diversification covering natural disasters and infectious diseases generally, rather than focusing exclusively on COVID-19 as before. - FY2023Market recovery alongside residual risksAnnual report
「Following the reclassification of COVID-19 as a Category V infectious disease in May 2023, foot traffic increased and the domestic cosmetics market continued to recover for both Japanese consumers and inbound visitors. However, the timing of the end of the COVID-19 pandemic and the scope of its impact may vary significantly. If economic activity remains weak and household spending becomes more cautious, this could affect the group's business and performance.」
The company describes the market impact of the pandemic as moving toward recovery, while uncertainty remains regarding the timing of its end and household spending behavior. - FY2022-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the current fiscal year. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year. The company will continue to closely monitor the future impact of the spread of COVID-19 on its business.」
The company states that there are no new risks or material changes to existing risks and continues to monitor the impact of COVID-19. - FY2022-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative second quarter of the current fiscal year. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year. The company will continue to closely monitor the future impact of the spread of COVID-19 on its business.」
The company states that there are no new risks or material changes to existing risks and that it will continue to monitor the impact of COVID-19. - FY2022-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first quarter of the current fiscal year. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year. The company will continue to closely monitor the future impact of the spread of COVID-19 on its business.」
The company states that there are no new risks or material changes to existing risks, while continuing to monitor the impact of COVID-19. - FY2021RestatedAnnual report
「For the company's group, whose primary channel is direct-to-consumer sales, direct-to-consumer sales remained firm as domestic consumption declined amid the COVID-19 pandemic.」
The company states that direct-to-consumer sales remain firm and the impact to date is limited, while continuing to identify weak consumer spending caused by a prolonged pandemic as a risk. - FY2021-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the current fiscal year. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year. The company will continue to closely monitor the future impact of the spread of COVID-19 on its business.」
The company states that there are no new risks or material changes to existing risks, while continuing to monitor the impact of COVID-19. For accounting purposes, it assumes that the impact will be limited because direct-to-consumer sales remain firm. - FY2021-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative second quarter of the current fiscal year. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year. The company will continue to closely monitor the future impact of the spread of COVID-19 on its business.」
The company states that there are no new risks or material changes to existing risks, while continuing to monitor the impact of COVID-19. - FY2021-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first quarter of the current fiscal year. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year. The company will continue to closely monitor the future impact of the spread of COVID-19 on its business.」
The company states that there are no new risks or material changes, while continuing to monitor the impact of the spread of COVID-19. It also states that sales remained firm in the first quarter due to the company's e-commerce focus, with no significant impact. - FY2020MaterialisedAnnual report
「As domestic consumption declined amid the COVID-19 pandemic, sales through wholesale channels decreased, while direct-to-consumer sales remained firm.」
The decline in wholesale sales is described as an impact that has already occurred, while prolonged containment of the pandemic is identified as a risk of additional impact.