Impact of the Spread of COVID-19 on Store Operations and Demand for Suits
First written in FY2021. 6 of 11 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 69 of 91 companies on the "Worse" side.
34 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「If the pandemic spreads again, store operations may be affected by deteriorating consumer sentiment resulting from requests to refrain from going out and other infection-control measures, as well as by reduced opening hours and temporary closures.」
The company continues to identify as risks deteriorating consumer sentiment, reduced opening hours and temporary closures associated with a resurgence of the pandemic. - FY2024-Q2MitigatedAnnual report
「During the cumulative second quarter period, Japan’s economy entered a gradual recovery trend as the end of the COVID-19 pandemic led to further normalization of social and economic activity, including a recovery in inbound demand.」
The company describes the end of the COVID-19 pandemic, the recovery in inbound demand and further progress toward normalization of social and economic activity, indicating that pandemic-related operating and demand impacts are easing. - FY2024-Q1MitigatedAnnual report
「During the first quarter accounting period, Japan’s economy showed a gradual recovery trend, supported by the recovery in inbound demand and other factors, even as the impact of COVID-19 subsided and economic activity normalized, although」
The company states that the impact of COVID-19 is subsiding and economic activity is normalizing. At the same time, it states that uncertainty remains due to surging energy and raw material prices and the weaker yen. - FY2023MitigatedAnnual report
「During the fiscal year, Japan’s economy entered a gradual recovery trend as social and economic activity normalized further toward the end of the pandemic, including the reclassification of COVID-19 as a Category V disease under the Infectious Diseases Act.」
The company describes the reclassification of COVID-19 as a Category V disease and the normalization of social and economic activity, indicating that pandemic-related operating restrictions and demand impacts are easing. At the same time, it continues to identify the pandemic’s impact itself as a business and other risk. - FY2023-Q3MitigatedAnnual report
「During the cumulative third quarter period, Japan’s economy entered a gradual recovery trend as social and economic activity moved toward normalization following the decision to reclassify COVID-19 as a Category V disease under the Infectious Diseases Act, although the impact of surging energy prices, higher prices and other factors remained significant and the outlook continued to be uncertain.」
The company describes the decision to reclassify COVID-19 as a Category V disease and the normalization of social and economic activity, indicating that activity restrictions and demand impacts associated with the pandemic are easing. It also states that the outlook remains uncertain. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter period, Japan’s economy remained uncertain amid the impact of rising energy prices, higher prices resulting from the rapid depreciation of the yen and other factors, although restrictions on activities related to COVID-19 were eased and social and economic activity showed signs of normalizing.」
The company describes the easing of activity restrictions and signs of normalization in social and economic activity, while continuing to explain the uncertainty in the business environment, including the pandemic. - FY2023-Q1RestatedAnnual report
「As COVID-19 continued to spread, social and economic activity began to normalize as restrictions on activity were eased, while」
The company continues to describe business-environment risks, including the prolonged pandemic. It states that there have been no material changes in business and other risks. - FY2022RestatedAnnual report
「The spread of COVID-19 remains difficult to bring under control, and the outlook for the business environment remains uncertain.」
The company continues to identify as risks the possibility of business activity being suspended or restricted and sluggish consumption due to the prolonged pandemic. - FY2022-Q3RestatedAnnual report
「The made-to-measure suit industry in which we operate has also been significantly affected by deteriorating consumer sentiment due to the prolonged impact of COVID-19 and a decline in suit demand resulting from changes in working styles, such as teleworking. The challenging business environment continues.」
The company states that the prolonged COVID-19 pandemic and declining suit demand continue to have an impact. - FY2022-Q1RestatedAnnual report
「The prolonged spread of COVID-19, deteriorating consumer sentiment and changes in working styles, including the spread of working from home, have had a significant impact, including a decline in demand for suits, and the challenging business environment continues.」
The company states that the effects of the spread of infection and declining demand are continuing. - FY2021First statedAnnual report
「Our store operations have been affected by deteriorating consumer sentiment, reduced opening hours and measures such as temporary closures.」
Actual closures and reduced opening hours occurred in connection with the state of emergency. Revenue declined 7.7% year on year, and a loss of ¥10.718 million from temporary closures was recorded.