Deterioration in demand and business activity due to COVID-19
First written in FY2020. 6 of 15 entries say "Restated". Latest entry: FY2025.
Galilei Holdings 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: 119 of 169 companies on the "Worse" side.
41 other companies' latest entry also says "Dropped".
- FY2025DroppedAnnual report
「Decline in demand due to measures to prevent the spread of infection if a large-scale pandemic occurs as a result of a new infectious disease」
The filing no longer refers to COVID-19 by name, and the risk has been generalized to “new infectious diseases.” The theme of COVID-19-specific deterioration in demand and business activity is no longer included. - FY2024-Q3MitigatedAnnual report
「During the third quarter of the current consolidated cumulative period (1 April 2023 to 31 December 2023), the Japanese economy recovered moderately, as personal consumption and inbound demand showed signs of recovery due to COVID-19 being reclassified as a Category V infectious disease in May 2023 and improvements in employment and income conditions.」
The filing states that, following COVID-19's reclassification as a Category V infectious disease, personal consumption and inbound demand continued to recover and social and economic activity continued to normalize. - FY2024-Q1MitigatedAnnual report
「Normalization of social and economic activity progressed further as COVID-19's classification under the Infectious Diseases Control Law was changed to a Category V infectious disease, and signs of a recovery in personal consumption and inbound demand emerged.」
The filing states that COVID-19's classification under the Infectious Diseases Control Law was changed to a Category V infectious disease, advancing the normalization of social and economic activity and the recovery in personal consumption and inbound demand. - FY2023-Q3MitigatedAnnual report
「During the third quarter of the current consolidated cumulative period (1 April 2022 to 31 December 2022), the Japanese economy showed signs of a gradual recovery, particularly in personal consumption, as social and economic activity was maintained without restrictions on activity such as priority preventive measures related to COVID-19.」
The filing states that, despite the seventh wave of COVID-19 and other factors, no restrictions on activity were implemented, and social and economic activity was balanced with a gradual recovery centered on personal consumption. - FY2023-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period (1 April 2022 to 30 September 2022), the Japanese economy showed signs of a gradual recovery as social and economic activity was balanced with the arrival of the seventh wave of COVID-19, without the implementation of restrictions on activity such as priority preventive measures.」
Although the seventh wave arrived, no restrictions on activity were implemented, and the filing describes the balancing of social and economic activity with a gradual recovery. - FY2023-Q1MitigatedAnnual report
「In the food-service industry, sales overall have been recovering since priority preventive measures were lifted nationwide on 22 March, but customer traffic during evening hours has not returned, and some business segments remain in a difficult situation.」
After priority preventive measures were lifted, sales across the food-service industry began to recover. However, weak evening customer traffic and difficult conditions in some business segments have continued. - FY2022RestatedAnnual report
「During the current consolidated fiscal year, the Japanese economy remained in an extremely difficult situation in terms of employment, the economy, social life and corporate activity due to the global spread of COVID-19, which had continued since the year before last.」
The severe impact of COVID-19 on employment, the economy, social life and corporate activity continued throughout the fiscal year. - FY2022-Q3RestatedAnnual report
「During the third quarter of the current consolidated cumulative period (1 April 2021 to 31 December 2021), the Japanese economy showed signs of a recovery as the states of emergency and priority preventive measures that had been expanded across Japan were lifted. However, employment, social life and corporate activity remained in a difficult situation.」
The filing describes the economy as showing signs of recovery following the lifting of the states of emergency and other measures, while difficult conditions continued in employment, social life and corporate activity. - FY2022-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period (1 April 2021 to 30 September 2021), the Japanese economy remained in an extremely difficult situation in terms of employment, the economy, social life and corporate activity as states of emergency and priority preventive measures were expanded across Japan.」
The severe impact of COVID-19 on employment, the economy, social life and corporate activity continued against a backdrop of the expansion of states of emergency and priority preventive measures. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period (1 April 2021 to 30 June 2021), the Japanese economy remained in an extremely difficult situation in terms of employment, the economy, social life and corporate activity due to the global spread of COVID-19. The outlook remained uncertain, including because the state of emergency was reissued.」
The filing continues to describe the severe impact of COVID-19 on employment, the economy, social life and corporate activity, as well as the uncertain outlook resulting from the reissuance of the state of emergency. - FY2021RestatedAnnual report
「The environment surrounding the corporate group remained difficult in the food-service industry, where sales declined substantially due to requests to refrain from going out and shorten business hours to prevent the spread of COVID-19, weaker consumer sentiment and the disappearance of inbound demand.」
The substantial decline in food-service demand, weaker consumer sentiment and disappearance of inbound demand due to COVID-19 continued throughout the fiscal year. - FY2021-Q3WorsenedAnnual report
「During the third quarter of the current consolidated cumulative period (1 April 2020 to 31 December 2020), the Japanese economy remained in an extremely difficult situation in terms of employment, the economy, social life and corporate activity due to the global spread of COVID-19. Although economic activity and personal consumption were gradually recovering, the re-emergence of infections, known as the third wave, led to a second declaration of a state of emergency in January, and uncertainty remained high regarding the timing and extent of the economic recovery. The difficult situation was expected to continue for the time being.」
The difficult impact of the global spread of COVID-19 on employment, the economy, social life and corporate activity continued. The renewed increase in infections from the third wave and the reissuance of the state of emergency increased uncertainty regarding the timing and extent of the economic recovery. - FY2021-Q2WorsenedAnnual report
「During the second quarter of the current consolidated cumulative period (1 April 2020 to 30 September 2020), the Japanese economy remained in an extremely difficult situation in terms of employment, the economy, social life and corporate activity due to the global spread of COVID-19. Although economic activity and personal consumption were gradually recovering, uncertainty remained high regarding the timing and extent of the economic recovery amid the unclear outlook for containment of the disease, and the difficult situation was expected to continue for the time being.」
The filing states that the global spread of COVID-19 continued to create an extremely difficult situation for employment, the economy, social life and corporate activity, with high uncertainty regarding the timing and extent of the recovery. - FY2021-Q1MaterialisedAnnual report
「In freezer and refrigerator sales, we focused on proposing products that ensure food safety and security, such as blast chillers that rapidly cool food after cooking, as more customers shifted to takeaway formats due to requests to refrain from going out and other factors. However, revenue fell to ¥4,401 million, down 23.1% year on year, as sales of general-purpose commercial freezers and refrigerators declined sharply due to weak demand for new store openings and replacements.」
Requests to refrain from going out and other measures related to COVID-19 manifested in actual business impacts, including a decline in demand for new store openings and replacements and a 23.1% year-on-year decrease in sales of general-purpose commercial refrigerators and freezers. - FY2020First statedAnnual report
「Since the beginning of 2020, concerns about a slowdown in economic activity have intensified as the global spread of COVID-19 has curbed inbound and domestic consumption.」
The filing describes the impact on demand and the financial condition of customers in the food-service and distribution industries resulting from requests to refrain from going out, shortened business hours, temporary closures, and restrictions on inbound and domestic consumption due to the spread of COVID-19.