Risk of a Recurrence of the Pandemic and a Decline in Inbound Demand
First written in FY2024. 4 of 7 entries say "Materialised", first in FY2026-H1. Latest entry: 2026-06-18.
The whole theme swung hardest in 2024: 2 of 9 companies on the "Worse" side.
0 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「From December through January, the market as a whole remained unstable, as the number of visitors to Japan again began to decline following a further increase in tensions between Japan and China.」
The decline in visitors to Japan from some regions, as well as the decline around the year-end and New Year holidays amid tensions in Japan-China relations, is described as an event that actually occurred. - FY2026-H1MaterialisedAnnual report
「In addition, particularly during June and July, the number of visitors to Japan from some Asian regions declined year on year because information that "there was an earthquake in Japan" was being circulated on social media and elsewhere (excerpted from the Japan National Tourism Organization's releases, "Estimated Number of Inbound Visitors to Japan (June 2025)" and "Estimated Number of Inbound Visitors to Japan (July 2025)").」
Regarding the risk of declining inbound demand, it is stated that the number of visitors to Japan from some Asian regions actually declined year on year against the backdrop of information circulated on social media and elsewhere. Inbound sales remained high across store sales as a whole. - FY2024First statedAnnual report
「If an infectious disease such as COVID-19 spreads rapidly and a pandemic occurs, our group's production sites and offices could be forced to suspend operations and stores could be closed, potentially affecting the operating results and financial condition of our group.」
In addition to suspended operations and store closures, delayed recovery in visitor numbers from China and a decline in inbound demand are identified as risks, and inbound sales and their proportion of total sales in prior fiscal years are also disclosed.