Economic stagnation and business performance impact from the spread of COVID-19
First written in FY2020. 7 of 15 entries say "Restated". Latest entry: FY2025.
Sanrin moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
59 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「In our core LPG business, unit consumption increased as demand among customers affected by the COVID-19 pandemic, including restaurants and the leisure industry, recovered, and as we actively promoted gas fan-heater rentals, resulting in a year-on-year increase in sales volumes.」
The explanation has shifted regarding the impact of COVID-19 on customers and economic activity, from affected customers to their recovery. - FY2024-Q3RestatedAnnual report
「During the first nine months of the current consolidated cumulative period, Japan's economy progressed toward normalization as restrictions on activities were eased following the reclassification of COVID-19 as a Class 5 disease, with signs of recovery in personal consumption and inbound demand.」
Against the backdrop of COVID-19 being reclassified as a Class 5 disease and restrictions on activities being eased, the company reconfirms the recovery in personal consumption and inbound demand and the normalization of economic activity. - FY2024-Q2MitigatedAnnual report
「During the first six months of the current consolidated cumulative period, Japan's economy moved toward normalization as restrictions on activities were eased following the reclassification of COVID-19 as a Class 5 disease, with production activity becoming more active and consumption of dining, travel, leisure and related services increasing.」
Against the backdrop of COVID-19 being reclassified as a Class 5 disease and restrictions on activities being eased, production activity and consumption of dining, travel and leisure services became more active, and the economy moved toward normalization. - FY2024-Q1MitigatedAnnual report
「During the first quarter of the current consolidated cumulative period, Japan's economy entered a moderate recovery trend as economic activity normalized following the reclassification of COVID-19 as a Class 5 disease under the Infectious Diseases Control Law.」
The company states that economic activity normalized following the reclassification of COVID-19 as a Class 5 disease, indicating a shift from its previous explanation of economic stagnation caused by the infection to a situation in which the impact had eased. - FY2023-Q3RestatedAnnual report
「We have made accounting estimates based on the assumption that the impact of COVID-19 on our group's business will continue approximately through the current consolidated fiscal year. This assumption has a high degree of uncertainty, and if the impact is prolonged, losses may arise in the future.」
The company continues to state the assumption that the impact of COVID-19 on its business will continue through the current consolidated fiscal year and the possibility of losses if the impact is prolonged. - FY2023-Q2RestatedAnnual report
「We have made accounting estimates based on the assumption that the impact of COVID-19 on our group's business will continue approximately through the current consolidated fiscal year. This assumption has a high degree of uncertainty, and if the impact is prolonged, losses may arise in the future.」
The company continues to state the assumption that the impact of COVID-19 on its business will continue through the current consolidated fiscal year and the possibility of losses if the impact is prolonged. - FY2023-Q1RestatedAnnual report
「As a result, although revenue during the first quarter of the current consolidated cumulative period continued to be affected by COVID-19, higher selling prices associated with increased purchase prices for LP gas and petroleum products and other factors resulted in revenue of ¥6,473 million, up 13.9% year on year.」
The company states that the impact of COVID-19 continued, while revenue increased 13.9% year on year due to higher selling prices associated with increased purchase prices and other factors. - FY2022-Q3RestatedAnnual report
「As a result, during the first nine months of the current consolidated cumulative period, sales volumes of LP gas and petroleum products declined due to the impact of COVID-19, but higher selling prices associated with increased purchase prices and other factors resulted in revenue of ¥20,266 million, up 8.8% year on year.」
While the decline in sales volumes of LP gas and petroleum products due to COVID-19 continued, higher selling prices associated with increased purchase prices and other factors resulted in revenue of ¥20,266 million, up 8.8% year on year. - FY2022-Q2RestatedAnnual report
「As a result, during the first six months of the current consolidated cumulative period, although the business continued to be affected by COVID-19, higher selling prices associated with increased purchase prices for LP gas and petroleum products and other factors resulted in revenue of ¥11,407 million, up 4.1% year on year.」
The company states that the impact of COVID-19 continued, while explaining that higher selling prices associated with increased purchase prices and other factors resulted in revenue growth of 4.1% year on year. - FY2022-Q1RestatedAnnual report
「We have made accounting estimates based on the assumption that the impact of COVID-19 on our group's business will continue approximately through the current consolidated fiscal year. This assumption has a high degree of uncertainty, and if the impact is prolonged, losses may arise in the future.」
The company continues to state the assumption that the business impact of COVID-19 will continue through the current consolidated fiscal year and the possibility of losses if the impact is prolonged. - FY2021MaterialisedAnnual report
「The operating results for the current consolidated fiscal year were affected by lower sales volumes of commercial-use LP gas, gasoline and other products due to the spread of COVID-19, as well as fuel selling prices remaining lower than in the previous year. Revenue was ¥26,618 million, down 4.6% year on year.」
The impact of the spread of COVID-19 on sales volumes of commercial-use LP gas, gasoline and other products and on fuel prices was reflected in the annual results as a 4.6% decline in revenue. - FY2021-Q3MaterialisedAnnual report
「During the first nine months of the current consolidated cumulative period, sales volumes of commercial-use LP gas, gasoline and other products declined due to the spread of COVID-19, while selling prices for fuels also remained low. As a result, revenue was ¥18,621 million, down 6.3% year on year.」
The decline in sales volumes of commercial-use LP gas, gasoline and other products and low fuel prices resulting from the spread of COVID-19 continued to affect results, with revenue of ¥18,621 million, down 6.3% year on year. Additional information states that accounting estimates were made on the assumption that the impact of the infection would continue approximately through the second quarter of the following consolidated fiscal year, and also refers to the possibility of losses if the impact were prolonged. - FY2021-Q2MaterialisedAnnual report
「As a result, during the first six months of the current consolidated cumulative period, demand for core products such as LP gas and gasoline recovered only weakly due to the impact of COVID-19 and other factors. Revenue was ¥10,959 million, down 11.6% year on year.」
The weak recovery in demand for core products due to COVID-19 continued to be reflected in the results, with revenue of ¥10,959 million, down 11.6% year on year. Revenue from the energy-related business was also ¥9,151 million, down 18.4%. - FY2021-Q1MaterialisedAnnual report
「As a result, during the first quarter of the current consolidated cumulative period, sales volumes of LP gas, gasoline and other products declined due to requests to suspend business operations, calls for people to refrain from going out, and other effects associated with the spread of COVID-19. Revenue was ¥5,293 million, down 15.9% year on year.」
The potential impact of COVID-19 identified at the end of the previous fiscal year materialized as lower sales volumes and a 15.9% decline in revenue. - FY2020First statedAnnual report
「Japan's economic activity has continued to be affected by reduced consumer spending and stagnant corporate activity due to COVID-19. It is also expected to take a considerable period for the situation to settle and for the economy to recover thereafter, which may have a material impact on the operating results and financial position of our group.」
The stagnation of consumer and corporate activity caused by COVID-19 and the potential impact on our group's operating results and financial position are presented as an independent risk.