Slump in the Food Service and Tourism Industries and Decline in Existing Business Due to COVID-19
First written in FY2021-Q3. 3 of 5 entries say "Mitigated", first in FY2022-Q1. Latest entry: FY2023-Q2.
The whole theme swung hardest in 2024: 1 of 6 companies on the "Worse" side.
5 other companies' latest entry also says "Mitigated".
- FY2023-Q2MitigatedAnnual report
「The market for food-processing raw materials showed signs of a recovery in the food-service and other industries following the lifting of restrictions on activities related to COVID-19.」
The lifting of restrictions on activities led to signs of a recovery in demand from the food-service and other industries, representing a partial improvement from the challenging market environment through the previous fiscal year. - FY2022MitigatedAnnual report
「The market for food-processing raw materials remained challenging due to the impact of COVID-19, although demand for household products at supermarkets and elsewhere remained firm, and some segments of the food-service industry, including fast-food businesses, showed signs of a recovery.」
The market for food-processing raw materials remained challenging, while demand for household products and some segments of the food-service industry showed signs of a recovery, indicating a partial improvement in the external environment. - FY2022-Q1MitigatedAnnual report
「The market for food-processing raw materials was severely affected by a sharp decline in demand from the food-service industry following the spread of COVID-19, although signs of a recovery have emerged in some areas.」
Although weak demand in the food-service industry has continued, the disclosure noted signs of a recovery in some areas, indicating that the external environment had improved in part from the previous fiscal year. - FY2021RestatedAnnual report
「Sales of food processing raw materials remained challenging. Although new transactions expanded, some existing transactions declined as the restaurant and tourism industries weakened due to the impact of COVID-19.」
The decline in existing transactions for food-processing raw materials due to weak demand in the food-service and tourism industries continues to be disclosed. - FY2021-Q3First statedAnnual report
「Sales of food processing raw materials remained challenging. Although new transactions expanded, some existing transactions declined as the restaurant and tourism industries weakened due to the impact of COVID-19.」
The company stated that weakness in the restaurant and tourism industries associated with COVID-19 had actually resulted in a decline in some existing transactions in the food processing raw materials business.