COVID-19-Related Requests to Refrain from Going Out, Decline in Store Visits and Economic Impact
First written in FY2020-Q3. 6 of 11 entries say "Mitigated", first in FY2022-Q3. Latest entry: FY2024-Q2.
KeePer Technical Laboratory 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: 69 of 91 companies on the "Worse" side.
33 other companies' latest entry also says "Mitigated".
- FY2024-Q2MitigatedAnnual report
「The economy entered a moderate recovery trend as restrictions on activity related to COVID-19 were eased and inbound demand recovered with the increase in foreign tourists.」
The company explained that the easing of restrictions on activity related to COVID-19 and the recovery in inbound demand were easing the effects centered on reduced outings and stagnant economic activity. - FY2023MitigatedAnnual report
「In the new-car market, domestic production has steadily begun to recover as COVID-19 has subsided, and new-car dealers have regained momentum with a rush of deliveries toward the fiscal year-end at the end of March.」
As COVID-19 subsided, domestic automobile production and new-car deliveries recovered, while the effects centered on reduced outings and stagnant economic activity continued to ease. - FY2023-Q3MitigatedAnnual report
「In the new-car market, domestic production has steadily begun to recover as COVID-19 has subsided, and new-car dealers have regained momentum with a rush of deliveries toward the fiscal year-end at the end of March.」
The company explained that domestic automobile production turned upward as COVID-19 subsided and that new-car dealers regained momentum amid a rush of deliveries. The effects centered on reduced outings and stagnant economic activity continue to ease. - FY2023-Q1MitigatedAnnual report
「During the 3-month period ended 30 September 2022 (1 July 2022 to 30 September 2022), Japan's economy moved toward normalization of economic and social activity despite the continuing effects of COVID-19, helped by infection-control measures and the effects of various government policies.」
The company explained that economic and social activity moved toward normalization due to infection-control measures and various policies, despite the continuing effects of COVID-19, partly mitigating the impact centered on reduced outings and store visits. - FY2022MitigatedAnnual report
「As it was the first spring in about 3 years without COVID-19 restrictions, many people traveled by car, and there was considerable activity before and during Golden Week.」
It was the first spring in about 3 years without COVID-19 restrictions, improving conditions for outings and store visits. Fourth-quarter revenue increased 25.6% year on year. - FY2022-Q3MitigatedAnnual report
「Although the lifting in March 2022 of the priority preventive measures implemented to combat COVID-19 created conditions in which an economic upturn could be expected, the outlook remains uncertain due to fluctuations in raw material prices and financial markets resulting from the situation in Ukraine and other factors.」
The priority preventive measures were lifted in March 2022, creating conditions in which economic activity and the economy could be expected to improve, and the risks related to reduced outings and economic effects were partly mitigated. However, uncertainty about the outlook remains. - FY2021-Q3RestatedAnnual report
「During the 9-month period ended 31 March 2021 (1 July 2020 to 31 March 2021), Japan's economy experienced a major contraction in corporate activity and significant changes in personal consumption as the national and local governments called on people to refrain from going out in response to the spread of COVID-19.」
The company explains that reduced outings, contracting corporate activity and changes in personal consumption due to COVID-19 continued to occur. - FY2021-Q2MaterialisedAnnual report
「The petroleum retail industry, which accounts for the largest share of the company's business, has seen fewer opportunities to drive private cars as a result of the spread of COVID-19, but long-distance outings have fallen sharply amid calls for people to refrain from going out. Fuel sales volumes have continued to decline, and store visits have decreased.」
The company states that reduced outings and long-distance travel, lower fuel sales volumes and fewer store visits due to COVID-19 continue to occur in the petroleum retail industry. - FY2021-Q1MaterialisedAnnual report
「The petroleum retail industry, which accounts for the largest share of this business, has seen more opportunities to drive personal vehicles as a result of the spread of COVID-19, but customer outings have declined amid calls for people to refrain from going out, fuel oil sales volumes in its core business have continued to fall, and store visits have declined.」
The company states that reduced outings and store visits and lower fuel sales volumes due to COVID-19 continue to occur in the petroleum retail industry. - FY2020MaterialisedAnnual report
「As a result, sales in April at all 81 company-operated stores were down 31.6% from the same month of the previous year, when there were 79 company-operated stores. In May, however, calls for people to refrain from going out began to ease, and demand surged from customers wanting to keep their cars clean, resulting in a 20.9% increase at all 81 company-operated stores compared with the same month of the previous year, when there were 79 stores. In June, demand increased further, with sales at all 81 company-operated stores up 32.3% from the same month of the previous year, when there were 80 stores, marking substantial growth.」
The impact of temporary closures and reduced operating hours due to COVID-19 appeared in April as a 31.6% year-on-year decline in sales at company-operated stores. In contrast, sales increased 20.9% in May and 32.3% in June, indicating a recovery in demand for car cleaning and coating after restrictions on going out. - FY2020-Q3First statedAnnual report
「Recently, the spread of COVID-19 has had a major impact on economies in Japan and overseas, leaving economic conditions and the outlook uncertain. The petroleum retail industry, which accounts for the largest share of the company's business, has continued to see lower fuel sales volumes as customers have reduced outings amid calls for people to refrain from going out due to the spread of COVID-19.」
Although the risk section states that no new risks have arisen, the business analysis specifically describes for the first time the effects of COVID-19 on domestic and overseas economies, reduced outings and store visits, and lower fuel sales volumes.