Limited impact of the pandemic on results and retail sales above the prior year
First written in FY2021-Q3. 2 of 3 entries say "Restated". Latest entry: FY2023-Q2.
0 other companies' latest entry also says "Restated".
- FY2023-Q2RestatedAnnual report
「Although the impact of COVID-19 continued, signs of recovery emerged as restrictions on activity were eased, social events resumed and people's willingness to go out increased.」
The company reports signs of recovery in economic activity despite the continuing impact of the pandemic. - FY2021RestatedAnnual report
「In the wholesale business, new housing starts fell below the previous year both nationwide and in Hokkaido, our primary market, due to weaker investment sentiment resulting from the pandemic and sluggish income growth caused by deteriorating employment conditions.」
The company continues to report that housing starts remained depressed in wholesale due to the pandemic, while stay-at-home demand and new specialty pet stores contributed to results in retail. - FY2021-Q3First statedAnnual report
「In the wholesale business, the decline in new housing starts due to the spread of COVID-19 could affect revenue. However, during the cumulative third quarter of the consolidated fiscal year, the negative impact on results was limited to a minimum. In the retail business, the risk of infection with COVID-19 could reduce customer traffic and affect revenue. However, during the cumulative third quarter of the consolidated fiscal year, both customer traffic and revenue exceeded the year-earlier period.」
Regarding accounting estimates, the company states that the negative impact of the spread of the pandemic was minimized in wholesale, while customer traffic and revenue exceeded the year-earlier period in retail.