Decline in Demand for Eating Out and Hiring Due to the Spread of COVID-19
First written in FY2020-Q1. 7 of 16 entries say "Mitigated", first in FY2022-Q2. Latest entry: FY2024.
Cookbiz 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 2025: 6 of 13 companies on the "Worse" side.
2 other companies' latest entry also says "Softened".
- FY2024SoftenedAnnual report
「As the spread of infections from the COVID-19 pandemic was gradually brought under control and the disease was reclassified as a Class 5 infectious disease in May 2023, social activity began returning to pre-pandemic levels and a full-scale resumption of economic activity is expected. However, if a similar infectious disease spreads in the future and restrictions on activity or other measures are imposed, it may affect the operating results and financial position of the group.」
The focus of the description is shifting from the actual decline in demand and deterioration in performance caused by COVID-19 to the future risks if a similar infectious disease spreads. - FY2024-Q1MitigatedAnnual report
「During the first quarter consolidated cumulative period, recruitment needs in the food service industry increased further in the core HR business as foot traffic recovered and inbound demand also increased.」
The company states that recruitment needs in the food service industry increased further against the backdrop of recovering foot traffic and inbound demand, mitigating the impact of the decline in demand caused by COVID-19. - FY2023MitigatedAnnual report
「As the spread of COVID-19 infections was gradually brought under control and the disease was reclassified as a Class 5 infectious disease in May 2023, social activity began returning to pre-COVID-19 levels, and a full-scale resumption of economic activity is expected.」
Regarding the decline in food service and recruitment demand due to COVID-19, the company states that the impact was mitigated by the reclassification of COVID-19 as a Class 5 infectious disease and the normalization of social activity. However, the risk of a resurgence of similar infections remains. - FY2023-Q3MitigatedAnnual report
「Foot traffic recovered and inbound demand also increased, further raising hiring needs in the food-service industry.」
The company states that recruitment needs in the food service industry increased further against the backdrop of recovering foot traffic and rising inbound demand after COVID-19. - FY2023-Q2MitigatedAnnual report
「The main factors were the revision of guidelines on mask wearing in March and the reclassification in May of COVID-19 from a category equivalent to Category II to a Category V infectious disease, the same category as seasonal influenza, allowing social activity to return gradually to pre-pandemic levels and corporate recruitment needs to remain solid.」
The company states that corporate recruitment needs remained firm as social activity normalized despite the continuing effects of COVID-19. - FY2023-Q1MitigatedAnnual report
「The main factor was that, although inflation-driven price increases had an impact, corporate recruitment needs remained high as social activity became more active in the third year of living with COVID-19.」
The company states that social activity has picked up and corporate recruitment needs have remained high despite the continuing effects of COVID-19. - FY2022-Q3MitigatedAnnual report
「At present, we have determined that the impact on our activities from the fourth quarter onward will be immaterial and have made accounting estimates, including assessing the recoverability of deferred tax assets. In this case, we believe the impact on the financial statements from the fourth quarter onward will be immaterial. However, if further spread of COVID-19 causes economic activity to stagnate, it may affect our performance.」
Although the impact of COVID-19 on activities and the financial statements from the fourth quarter onward is currently considered immaterial, the possibility of future effects from a resurgence of infections remains. - FY2022-Q2MitigatedAnnual report
「Revenue recovered as the impact of COVID-19 on the food-service industry subsided and the effective job-openings-to-applicants ratio increased.」
The company states that the impact of COVID-19 on the food service industry has eased and that recruitment demand and sales have recovered. However, it does not state that the effects of COVID-19 have disappeared completely. - FY2021RestatedAnnual report
「If the effects of the spread of COVID-19 continue longer than expected, changes in corporate behavior, including further restraint on business activities, and changes in individual behavior to avoid crowded places may materially affect our performance.」
Regarding the impact of COVID-19 on food service and recruitment demand, the company continues to disclose the possibility of an effect on performance from prolonged effects and changes in behavioral patterns, while noting signs of recovery from vaccinations and the lifting of restrictions. - FY2021-Q3RestatedAnnual report
「Although our performance is recovering from the previous fiscal year, which was the most severely affected, considerable uncertainty remains regarding the course of COVID-19 and the magnitude and duration of its impact on the domestic and international economies, leaving the outlook still uncertain.」
While describing a recovery trend in performance from the previous fiscal year, the company states that uncertainty remains regarding the magnitude and duration of COVID-19's effects, and that further effects from a resurgence or reimposition of measures remain possible. - FY2021-Q2WorsenedAnnual report
「If COVID-19 infections spread again or quasi-emergency measures to prevent the spread of disease and the state of emergency are extended again, further effects on performance are anticipated, which may materially affect our operating results and financial position.」
The company identifies additional effects on performance resulting from a resurgence of COVID-19 infections and further extensions of restrictions as a risk. Revenue for the six-month period ended in the second quarter was ¥484.135 million, down 48.6% year on year, and an operating loss of ¥205.600 million was recorded. - FY2021-Q1WorsenedAnnual report
「In addition, as a state of emergency was declared again in January 2021, the timing of the end of COVID-19 remains unforeseeable and its effects are expected to be prolonged. Accordingly, revenue is expected to decline substantially, which may materially affect our operating results and financial position.」
The company describes a situation in which the reissuance of the state of emergency in January 2021 left the timing of the end of COVID-19 unforeseeable, with its effects expected to be prolonged and revenue expected to decline substantially. - FY2020WorsenedAnnual report
「In the current fiscal year, the sharp decline in revenue caused by the spread of COVID-19 resulted in an operating loss of ¥615.048 million, an ordinary loss of ¥558.081 million and a net loss of ¥599.593 million, while operating cash flow was negative ¥785.932 million.」
The decline in food service and recruitment demand due to COVID-19 became evident in full-year results. Revenue fell 51.4% year on year, and operating cash flow was negative ¥785.932 million. - FY2020-Q3WorsenedAnnual report
「Even after the state of emergency was lifted, demand in the food service industry fell sharply due to the substantial decline in restaurant customers resulting from shorter operating hours and closures of restaurants and requests to refrain from going out, and recruitment needs also fell substantially. As the timing of the end of COVID-19 remains unforeseeable and its effects are expected to be prolonged, revenue is expected to decline substantially, which may materially affect our operating results and financial position.」
The effects of shorter operating hours, restaurant closures and requests to refrain from going out continued after the state of emergency was lifted, indicating continued declines in food service demand and recruitment needs due to COVID-19 and the prospect of prolonged effects. - FY2020-Q2WorsenedAnnual report
「Although the state of emergency has been lifted, the timing of the end of COVID-19 remains unforeseeable, and its effects are expected to be prolonged. Accordingly, revenue is expected to decline substantially, which may materially affect our operating results and financial position.」
Regarding the COVID-19 risk, the company states that even after the state of emergency was lifted, the timing of the end of the pandemic remained unforeseeable, with its effects expected to be prolonged and revenue expected to decline substantially. - FY2020-Q1MaterialisedAnnual report
「The number of customers using restaurants has fallen substantially due to requests to refrain from going out to prevent the spread of infection and a significant decline in inbound demand, and recruitment demand is also beginning to decline as a result.」
This risk was added for the first time in this disclosure, and restaurant customer numbers and recruitment needs have already declined as a result of requests to refrain from going out and lower inbound demand accompanying the spread of infection. Revenue was ¥552.908 million, down 11.1% year on year, and the operating loss was ¥163.539 million, quantifying the impact on performance.