Risk of cancellation or changes to the format of Coming-of-Age ceremonies
First written in FY2016. 1 of 4 entries say "Restated". Latest entry: FY2022.
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- FY2022MitigatedAnnual report
「In the traditional Japanese attire business, some stores reduced their operating hours in response to requests to refrain from activities to prevent the spread of the novel coronavirus infection. However, Coming-of-Age ceremonies hosted by local governments and university graduation ceremonies were held without significant disruption, contributing substantially to the recovery in performance.」
The company states that local-government Coming-of-Age ceremonies and university graduation ceremonies were held without significant disruption despite the infectious disease outbreak, and that the impact on the traditional Japanese attire business from the risk of cancelled or reformatted Coming-of-Age ceremonies was lower than in the previous fiscal year. - FY2021-Q3MaterialisedAnnual report
「Due to the cancellation of entrance ceremonies, the suspension of operations at some stores, reduced operating hours, and the postponement or cancellation of Coming-of-Age ceremonies by local governments in connection with requests to refrain from activities to prevent the spread of the novel coronavirus infection,」
The company states that local governments actually postponed or cancelled Coming-of-Age ceremonies, in relation to the risk of cancellation or changes to the format of such ceremonies. - FY2017RestatedAnnual report
「If discussions on proposals to lower the age of adulthood progress, the definition of adulthood prescribed in Article 4 of the Civil Code changes, and significant changes occur in the format of Coming-of-Age ceremonies, such as changes to the timing to avoid the examination period or changes to the organizers」
The company continues to identify the risk of cancellation or changes to the format of Coming-of-Age ceremonies in connection with discussions on lowering the age of adulthood. - FY2016First statedAnnual report
「If a local government that hosts a Coming-of-Age ceremony cancels the ceremony for any reason, this could affect the company's financial position and operating results.」
In addition to the cancellation of Coming-of-Age ceremonies, the company also identifies the possibility of changes to the timing and organizers of the ceremonies following the lowering of the age of adulthood.