Impact of COVID-19 on Operations and Demand
First written in FY2020. 3 of 15 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2025MitigatedAnnual report
「While the Japanese economy remained solid during the consolidated fiscal year, supported by the subsiding impact of COVID-19, increased mobility and expectations for improvements in employment and income conditions」
The company described an economic environment in which the impact of COVID-19 had subsided and mobility had increased, noting that the previous impact of the infection on operations and demand had weakened. - FY2025-H1MitigatedAnnual report
「While the economy remained solid, supported by the subsiding impact of COVID-19, increased mobility and expectations for improvements in employment and income conditions」
The company described an economic environment in which the impact of COVID-19 had subsided and mobility had increased, noting that the previous impact of the infection on operations and demand had weakened. It explained that the decline in sales during the interim period was due to the closure of directly operated stores and the discontinuation of Fine Dine, among other factors. - FY2024Easing of the windfall-demand reversal and continued decline in sales at the major brandsAnnual report
「During the consolidated fiscal year, the reversal of the windfall demand generated by COVID-19 was easing, but sales of the major brands, including the delivery sushi brands “Gin no Sara” and “Sushi Joto!” and delivery meal-box brand “Kama Tora,” continued to trend downward as they remained affected by it.」
While the reversal of the windfall demand was easing, the company explained that the downward trend in sales of the major brands continued over the full year as well. - FY2024-Q3Easing of the windfall-demand reversal and continued decline in sales at the major brandsAnnual report
「During the cumulative third quarter, the reversal of the windfall demand generated by COVID-19 was easing, but sales of the major brands, including the delivery sushi brands “Gin no Sara” and “Sushi Joto!” and delivery meal-box brand “Kama Tora,” continued to trend downward as they remained affected by it.」
The company explained that although the reversal of the windfall demand generated by COVID-19 was easing, sales of the major brands continued to trend downward. - FY2024-Q2Easing of the impact of the windfall-demand reversal and continued decline in salesAnnual report
「During the cumulative second quarter, the reversal of the windfall demand generated by COVID-19 was easing, but sales of the major brands, including the delivery sushi brands “Gin no Sara” and “Sushi Joto!” and delivery meal-box brand “Kama Tora,” continued to trend downward as they remained affected by it.」
While the reversal of the windfall demand was easing, the company explained that sales of the major brands continued to trend downward year on year. - FY2024-Q1Easing of the impact of the windfall-demand reversal and continued decline in salesAnnual report
「During the cumulative first quarter, the reversal of the windfall demand generated by COVID-19 was easing, but sales of the major brands, the delivery sushi brand “Gin no Sara” and delivery meal-box brand “Kama Tora,” continued to trend downward as they remained affected by it.」
The company explained that although the reversal of the windfall demand generated by COVID-19 was easing, sales of the major brands continued to trend downward. - FY2023Disappearance of windfall demand and decline in sales after restrictions were liftedAnnual report
「During the consolidated fiscal year, sales remained solid compared with before the spread of COVID-19. However, following the lifting of the state of emergency, the windfall demand disappeared, causing sales of the major brands, including the delivery sushi brand “Gin no Sara” and delivery meal-box brand “Kama Tora,” to decline from the previous consolidated fiscal year.」
While sales remained solid compared with before the spread of COVID-19, the company explained that the disappearance of the windfall demand generated by the state of emergency appeared as a year-on-year decline in sales of the major brands over the full year as well. - FY2023-Q3Continued demand after the disappearance of windfall demandAnnual report
「During the cumulative third quarter, operations remained solid compared with before the spread of COVID-19. However, following the lifting of the state of emergency, the windfall demand disappeared, causing sales of the major brands, including the delivery sushi brand “Gin no Sara” and delivery meal-box brand “Kama Tora,” to decline year on year.」
While operations remained solid compared with before the spread of COVID-19, the disappearance of the windfall demand generated by the state of emergency continued to appear as a year-on-year decline in sales of the major brands. - FY2023-Q1MaterialisedAnnual report
「During the cumulative first quarter, operations remained solid compared with before the spread of COVID-19, supported by increased delivery demand. However, following the lifting of the state of emergency, the windfall demand disappeared, causing sales of the major brands, including the delivery sushi brand “Gin no Sara” and delivery meal-box brand “Kama Tora,” to decline year on year.」
While the disappearance of windfall demand following the lifting of the state of emergency appeared as a year-on-year decline in sales of the major brands, the company explained that sales remained solid compared with before the spread of COVID-19. - FY2022Continued demand after easing of restrictions and disappearance of windfall demandAnnual report
「First-quarter sales declined because the windfall demand generated by the state of emergency first declared in April 2020 had disappeared. However, sales increased from the previous consolidated fiscal year, mainly because sales of the delivery sushi brand “Gin no Sara” and delivery meal-box brand “Kama Tora” remained solid against a backdrop of increased demand for food delivery for everyday use.」
While the temporary windfall demand generated by the state of emergency disappeared, demand for food delivery for everyday use continued, and full-year sales increased 1.3% year on year. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter, first-quarter sales declined because the windfall demand generated by the state of emergency first declared in April of the previous year had disappeared. However, sales increased year on year as sales of the delivery sushi brand “Gin no Sara” and delivery meal-box brand “Kama Tora” remained solid against a backdrop of increased demand for food delivery for everyday use.」
While continuing to describe the impact of the disappearance of the previous year’s windfall demand generated by the state of emergency, the company explained that cumulative second-quarter sales increased year on year due to demand for food delivery for everyday use. - FY2022-Q1MaterialisedAnnual report
「During the cumulative first quarter, sales of the delivery sushi brand “Gin no Sara” and delivery meal-box brand “Kama Tora” remained solid against a backdrop of increased demand for food delivery for everyday use. However, sales declined year on year because the windfall demand generated by the state of emergency first declared in April of the previous year had disappeared.」
The company explained that sales declined year on year because the previous year’s windfall demand generated by the state of emergency had disappeared. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter, sales of the delivery sushi brand “Gin no Sara” and delivery meal-box brand “Kama Tora” remained strong, supported by increased demand for food delivery due to the impact of COVID-19.」
The company continued to describe the impact of COVID-19 on demand and operations, explaining that sales of Gin no Sara and Kama Tora remained strong during the quarter due to increased demand for food delivery. - FY2021-Q1RestatedAnnual report
「During the cumulative first quarter, sales of the delivery sushi brand “Gin no Sara” and delivery meal-box brand “Kama Tora” remained strong, supported by increased demand for food delivery due to the impact of COVID-19.」
The company continued to describe the impact of COVID-19 on demand and operations, explaining that sales of Gin no Sara and Kama Tora remained strong during the quarter due to increased demand. - FY2020First statedAnnual report
「During the fourth quarter, the decline in celebrations and birthdays involving large numbers of people, as well as corporate demand, due to the impact of COVID-19 was evident, but」
The FY2020 filing described in detail for the first time the decline in celebrations, birthdays and corporate demand caused by COVID-19, the possibility of suspending or scaling back operations, and related countermeasure costs.