Impact of the COVID-19 Pandemic on Results and Financial Position
First written in FY2020. 6 of 14 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
- FY2023MitigatedAnnual report
「During the consolidated fiscal year, travel restrictions related to COVID-19 were eased, and economic activity gradually returned to normal.」
The disclosure describes the easing of travel restrictions and the normalization of economic activity, indicating that business constraints caused by the infectious disease were less severe than through the previous fiscal year. It does not state that the impact of the infectious disease had completely disappeared. - FY2023-Q3MitigatedAnnual report
「During the cumulative period of the first 3 quarters, economic activity showed signs of a gradual recovery, owing to progress in COVID-19 vaccinations and the easing of travel restrictions.」
The disclosure states that constraints on economic activity caused by the infectious disease eased in part as vaccinations progressed and travel restrictions were relaxed. By region, however, store operations in mainland China were affected during the first quarter. - FY2023-Q2RestatedAnnual report
「There have been no material changes to the accounting estimates concerning the impact of the spread of COVID-19 described in the previous fiscal year's securities report under "Part 5. Accounting Status," "Notes (Additional Information) (Accounting Estimates Concerning the Impact of the Spread of COVID-19)." However, the impact of the spread of COVID-19 remains subject to many uncertainties, and depending on the future course of the spread, it may affect the Company's financial position and operating results.」
While there have been no material changes to the accounting estimates concerning the infectious disease, the disclosure continues to state the possibility of an impact on operating results and financial position from the future spread of the disease. - FY2023-Q1RestatedAnnual report
「There have been no material changes to the accounting estimates concerning the impact of the spread of COVID-19 described in the previous fiscal year's securities report under "Part 5. Accounting Status," "Notes (Additional Information) (Accounting Estimates Concerning the Impact of the Spread of COVID-19)." However, the impact of the spread of COVID-19 remains subject to many uncertainties, and depending on the future course of the spread, it may affect the Company's financial position and operating results.」
While there have been no material changes to the accounting estimates concerning the infectious disease, the disclosure continues to state that the Company's financial position and operating results may be affected depending on the course of the spread. - FY2022-Q3WorsenedAnnual report
「There have been no material changes, except in mainland China, to the accounting estimates concerning the impact of the spread of COVID-19 described in the previous fiscal year's securities report under "Part 5. Accounting Status," "Notes (Additional Information) (Accounting Estimates Concerning the Impact of the Spread of COVID-19)." For mainland China, the assumptions used for the sales trend reflect the impact on economic activity from June 2022 onward and other factors resulting from tighter movement restrictions introduced as part of the zero-COVID policy. The impact of the spread of COVID-19 remains subject to many uncertainties, and depending on the future course of the spread, it may have a further impact on the Company's financial position and operating results.」
For mainland China, the impact on economic activity from June 2022 onward of tighter movement restrictions was newly reflected in the assumptions used for the sales trend, indicating the possibility of an additional impact from the infectious disease. - FY2022-Q2WorsenedAnnual report
「For mainland China, the assumptions used for the sales trend reflect the impact on economic activity from March 2022 onward and other factors resulting from tighter movement restrictions introduced as part of the zero-COVID policy. The impact of the spread of COVID-19 remains subject to many uncertainties, and depending on the future course of the spread, it may have a further impact on the Company's financial position and operating results.」
For mainland China, the impact from March 2022 onward of tighter movement restrictions was newly reflected in the sales assumptions, indicating the possibility of an additional impact on operating results from infectious-disease risks. - FY2022-Q1RestatedAnnual report
「However, the impact of the spread of COVID-19 remains subject to many uncertainties, and depending on the future course of the spread, it may affect the Company's financial position and operating results.」
While there have been no material changes to the accounting estimates concerning the infectious disease, the disclosure continues to state that the Company's financial position and operating results may be affected depending on the future spread of the disease. - FY2021RestatedAnnual report
「The effects of the global spread of COVID-19 have already materialized, and if measures such as temporary store closures and shortened operating hours continue, they may have an even greater impact on the Group's operating results and financial position.」
The impact of the infectious disease continues to emerge, and the disclosure describes the possibility of an impact on operating results and financial position if temporary store closures and reduced operating hours continue. - FY2021-Q3RestatedAnnual report
「However, the impact of the spread of COVID-19 remains subject to many uncertainties, and depending on the future course of the spread, it may affect the Company's financial position and operating results.」
While there have been no material changes to the accounting estimates concerning the infectious disease, the disclosure continues to state that the Company's financial position and operating results may be affected depending on the course of the spread. - FY2021-Q2RestatedAnnual report
「However, the impact of the spread of COVID-19 remains subject to many uncertainties, and depending on the future course of the spread, it may affect the Company's financial position and operating results.」
While there have been no material changes to the accounting estimates concerning the impact of the infectious disease, the disclosure continues to state that the Company's financial position and operating results may be affected depending on the course of the spread. - FY2021-Q1MaterialisedAnnual report
「While China and East Asia are on a gradual recovery trend as COVID-19 comes under control, concerns remain that economic stagnation will be prolonged in parts of Europe, the United States and South Asia, where worsening outbreaks have led to the reintroduction of movement restrictions.」
Although signs of recovery are emerging in China and East Asia, movement restrictions have been reintroduced in parts of Europe, the Americas and South Asia, and the effects of the infectious disease continue to materialize in the form of store closures and declining customer traffic. - FY2020-Q3MaterialisedAnnual report
「The effects of the spread of COVID-19 during the cumulative first quarter of the current consolidated fiscal year are described in “2. Analysis of Financial Position, Operating Results and Cash Flows by Management, (1) Operating Results.” The risk had already materialized as of the filing date of this quarterly securities report, and if measures such as temporary store closures and shortened operating hours continue, it may affect the Group's operating results and financial position. The Group will continue to monitor developments.」
The company explicitly stated that the effects of COVID-19, including temporary store closures and shortened operating hours, had already occurred and that the risk had materialized. Actual effects have also appeared in domestic and overseas store closures, lower revenue and profit, and the recognition of impairment losses. - FY2020MaterialisedAnnual report
「The effects of the global spread of COVID-19 have already materialized, and if measures such as temporary store closures and shortened operating hours continue, they may have an even greater impact on the Group's operating results and financial position.」
The effects of the infectious disease have materialized as store closures, shortened operating hours, lower revenue, impairment losses and a net loss, and the company explicitly stated the potential for additional effects if these conditions continue. - FY2020First statedAnnual report
「The Group has reflected in its accounting treatment the accounting estimates made on the assumption that the effects of the spread of COVID-19 would continue for at least a certain period. However, the effects of the spread of COVID-19 involve many uncertainties and may affect the Group's financial position and operating results in the following consolidated fiscal year.」
The company reflected the assumption that the effects of COVID-19 would continue for a certain period in its accounting estimates and, for the first time, explicitly stated the potential impact on its financial position and operating results in the following fiscal year.