Risk of a slowdown in service-station demand and business activity due to the spread of COVID-19
First written in FY2020. 6 of 13 entries say "Mitigated", first in FY2022-Q1. Latest entry: FY2024-Q3.
The whole theme swung hardest in 2020: 69 of 91 companies on the "Worse" side.
33 other companies' latest entry also says "Mitigated".
- FY2024-Q3MitigatedAnnual report
「During the third quarter of the consolidated fiscal year under review, social and economic activity moved toward normalization and the economy entered a moderate recovery phase, partly because COVID-19 was reclassified as a Category 5 infectious disease in May of the previous year. However, uncertainty about the outlook continues because of downside risks to the economy caused by global monetary tightening, rising prices against the backdrop of the weaker yen, and the impact of the prolonged situation in Ukraine and heightened tensions in the Middle East.」
It states that social and economic activity has normalized further due to measures including the reclassification of COVID-19 under Japan's infectious disease framework, and that the pandemic's impact on the business environment is easing. However, other economic risks remain. - FY2024-Q2RestatedAnnual report
「During the second quarter of the consolidated fiscal year under review, Japan's economy moved toward normalization as restrictions on activity related to COVID-19 were eased. At the same time, the outlook remained uncertain because of downside risks to the economy caused by global monetary tightening, rising prices against the backdrop of the weaker yen, and the impact of the prolonged situation in Ukraine.」
While describing the easing of COVID-19-related restrictions on movement and the normalization of economic activity, it reconfirms that uncertainty remains due to downside risks to the economy, the weaker yen, rising prices and the prolonged situation in Ukraine. - FY2024-Q1RestatedAnnual report
「During the first quarter of the consolidated fiscal year under review, Japan's economy moved toward normalization as restrictions on activity related to COVID-19 were eased. However, the outlook remained uncertain because of downside risks to the economy caused by global monetary tightening, rising prices against the backdrop of the weaker yen, and the impact of the prolonged situation in Ukraine.」
It reconfirms the easing of COVID-19-related restrictions on movement and the normalization of economic activity. While the pandemic's impact on the business environment is easing, other economic risks remain. - FY2023MitigatedAnnual report
「During the fiscal year, the Japanese economy showed signs of recovery in economic activity as COVID-19-related restrictions were eased. However, it remained in an uncertain environment due to soaring resource prices, exchange-rate effects and heightened geopolitical risks.」
It describes the easing of COVID-19-related restrictions and the recovery in economic activity, stating that the pandemic's impact on the business environment eased from the previous fiscal year. However, resource prices, exchange rates and geopolitical risks remain. - FY2023-Q3MitigatedAnnual report
「During the first nine months of the fiscal year, the Japanese economy gradually moved toward normalization of economic activity under the so-called with-COVID environment following the lifting of restrictions on movement, and showed signs of a gradual recovery. However, the outlook remained uncertain due to soaring raw material and energy prices, concerns over exchange-rate trends including the weaker yen, and rising prices.」
It states that restrictions on movement related to COVID-19 have been lifted and that economic activity is gradually returning to normal under the so-called with-COVID environment, easing the pandemic's impact on the business environment from the previous fiscal year. However, other economic risks remain. - FY2023-Q2MitigatedAnnual report
「During the first half of the fiscal year, the Japanese economy showed signs of recovery as restrictions on economic and social activity were gradually eased, despite the impact of the rapid increase in infections during the seventh wave of COVID-19.」
Although the impact of the rapid increase in infections during the seventh wave remains, restrictions on economic and social activity have gradually eased, and the economy is showing signs of recovery. The impact of the pandemic on the business environment has therefore eased in part. - FY2023-Q1RestatedAnnual report
「During the first quarter of the fiscal year, the Japanese economy showed signs of recovery as the difficult conditions caused by COVID-19 gradually eased. However, the number of infections began increasing again in late June, creating a situation that requires continued vigilance.」
Although the economic environment affected by COVID-19 has gradually improved, the number of infections has begun increasing again, and the situation remains unpredictable. - FY2022MitigatedAnnual report
「Although the impact of the spread of COVID-19 remained limited as of the end of the period, the outlook remains uncertain and conditions are difficult.」
It states that the impact of COVID-19 was limited as of the end of the period, while the outlook for the spread of infection remains uncertain and difficult. - FY2022-Q1MitigatedAnnual report
「Customer-attraction events and car-care services at SS, which had been subject to voluntary restrictions, are gradually restarting, and operations are recovering toward normal levels.」
It states that, while customer-attraction events and car-care services at service stations (SS) remained suspended due to COVID-19, these activities gradually resumed and operations were recovering toward normal. - FY2021-Q3MaterialisedAnnual report
「In the service-station (SS) industry, the destination market for the Group's core car-care products, the suspension of car-care services and other measures continued to affect car-care revenue.」
The actual impact on car-care revenue from the suspension of car-care services at service stations due to COVID-19 continued through the cumulative third-quarter period. - FY2021-Q2MaterialisedAnnual report
「In the service-station (abbreviated as SS) industry, which is the destination for sales of our group's core car-care-related products, car-care revenue was also affected by reduced operating hours at some service stations, the self-restraint and cancellation of various campaigns intended to attract customers, and the suspension of car-care services involving work other than fueling.」
The actual impact on car-care revenue from reduced operating hours at service stations, canceled campaigns and the suspension of car-care services due to COVID-19 has continued. - FY2021-Q1MaterialisedAnnual report
「In the service-station (SS) industry, the destination market for the Group's core car-care products, car-care revenue was materially affected by shorter operating hours, the voluntary suspension and cancellation of various customer-attraction campaigns, and the voluntary suspension of car-care services involving work other than fuel dispensing.」
It states that reduced operating hours at service stations and the suspension of campaigns and car-care services due to COVID-19 had an actual impact on car-care revenue. - FY2020First statedAnnual report
「As of the filing date, our group's products have begun to be affected by reduced operating hours at some service stations and the suspension of work-based revenue other than automotive fuel sales. If the spread of the infection in Japan continues for an extended period, the resulting deterioration in economic conditions and stagnation of economic activity across Japan could affect our group's financial position and operating results.」
It states that the spread of COVID-19 has already had an actual impact on products handled, including reduced operating hours at some service stations and the suspension of work-based revenue other than fuel sales. It explicitly identifies the impact on operating results from economic deterioration and stagnant economic activity if the spread of infection continues for an extended period as a new risk.