Restrictions on going out and lower consumption due to the spread of COVID-19
First written in FY2020. 6 of 17 entries say "Worsened", first in FY2021-Q2. Latest entry: FY2025.
G-7 Holdings moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 76 of 98 companies on the "Worse" side.
13 other companies' latest entry also says "Dropped".
- FY2025DroppedAnnual report
「During the current consolidated fiscal year, Japan's economy remained on a gradual recovery trend, supported by improvements in employment and income conditions and increased inbound demand, among other factors, although」
The previously described restrictions on going out and decline in consumption due to COVID-19 are not explicitly mentioned in the explanation of the operating environment for the current fiscal year. - FY2024-Q3RestatedAnnual report
「As COVID-19 was reclassified as a Category 5 infectious disease, social and economic activity moved toward normalization as restrictions on activities in Japan and entry restrictions on arrivals from overseas were eased,」
It continues to describe the normalization of social and economic activity accompanying the transition to a Category 5 infectious disease and the easing of restrictions on activities and entry. - FY2024-Q2RestatedAnnual report
「As COVID-19 was reclassified as a Category 5 infectious disease, social and economic activity moved toward normalization.」
The shift toward normalization of social and economic activity accompanying the transition of COVID-19 to a Category 5 infectious disease continues to be described, following the previous quarter. - FY2024-Q1ReframedAnnual report
「As COVID-19's classification under the Infectious Diseases Control Act shifted to a Category 5 infectious disease, society and economic activity began moving toward normalization, although」
Regarding COVID-19, the description has shifted from direct restraints on consumption due to restrictions on activities and other measures toward the transition to a Category 5 infectious disease and the normalization of social and economic activity. - FY2023ReframedAnnual report
「During the consolidated fiscal year, Japan’s economy showed signs of recovery as COVID-19-related restrictions were gradually eased. However, the outlook remained uncertain due to soaring energy prices against the backdrop of the prolonged situation in Ukraine, rapid yen depreciation and inflation caused by global monetary tightening, among other factors.」
While indicating signs of recovery as restrictions and consumption constraints caused by the pandemic are eased, it identifies energy prices, yen depreciation, rising prices and monetary tightening as the main uncertain factors. - FY2023-Q3ReframedAnnual report
「During the third quarter of the consolidated fiscal year, Japan’s economy showed signs of recovery as restrictions on activities related to COVID-19 were eased. However, the outlook remained uncertain due to soaring resource and energy prices, inflation caused by rapid yen depreciation and global monetary tightening.」
Regarding COVID-19, it indicates signs of recovery in economic activity as restrictions on activities are eased, while also identifying uncertain factors unrelated to the pandemic, including prices and financial conditions. - FY2023-Q2WorsenedAnnual report
「Renewed expansion in the number of COVID-19 cases due to the seventh wave from July onward」
While indicating signs of economic recovery due to the easing of restrictions on activities, it newly describes the renewed increase in cases caused by the seventh wave, indicating that infectious disease risks continue. - FY2023-Q1ReframedAnnual report
「During the first quarter of the current consolidated fiscal year, Japan's economy showed signs of recovery in economic activity as COVID-19 subsided and restrictions on activities were lifted, although」
It indicates signs of recovery in economic activity following the subsiding of the pandemic and the lifting of restrictions on activities, describing a shift from the previously severe conditions toward normalization. - FY2022ReframedAnnual report
「During the consolidated fiscal year, Japan’s economy showed signs of normalization in economic activity as the number of infections declined while declarations of a state of emergency and priority preventive measures to prevent the spread of disease were implemented intermittently and vaccinations progressed. However, the outlook remained uncertain due to a renewed spread of infections caused by new variants and destabilization of the international situation following Russia’s invasion of Ukraine.」
While describing declining case numbers and the normalization of economic activity, it indicates a renewed spread caused by new variants and growing instability in the international situation, and updates the positioning of infectious disease risks. - FY2022-Q3ReframedAnnual report
「During the third quarter of the consolidated fiscal year, economic activity showed signs of normalization as the number of infections declined and restrictions on activities were gradually eased amid measures to prevent the spread of COVID-19 and the wider availability of vaccines. However, concerns about a renewed spread of infections due to the emergence of new variants persisted, and the outlook remained uncertain.」
While describing signs of normalization resulting from declining case numbers and the easing of restrictions on activities, it indicates concerns over a renewed spread caused by new variants and updates the positioning of infectious disease risks. - FY2022-Q2WorsenedAnnual report
「The stay-at-home demand seen during the previous year's COVID-19 crisis had run its course, and difficult operating conditions continued due to changes in consumers' lifestyles caused by COVID-19 and restrained personal consumption under the state of emergency.」
The impact of the pandemic on personal consumption is described in terms of the decline following the previous year's stay-at-home demand and restrained consumption under the state of emergency, with difficult conditions continuing. - FY2022-Q1WorsenedAnnual report
「Although vaccinations began nationwide as states of emergency were declared successively as part of measures against COVID-19, difficult conditions continued, with the timing of the pandemic's containment still unforeseeable amid concerns over the spread of highly transmissible variants.」
While the start of vaccinations is noted, concerns over the spread of highly transmissible variants and uncertainty over when the pandemic will be brought under control are indicated, showing that the difficult operating environment caused by the pandemic continues. - FY2021WorsenedAnnual report
「In Japan, business activity generally remained under severe conditions as it was constrained by the spread of COVID-19, including the government issuing a state of emergency twice. In the retail sector, demand for eating at home increased substantially as opportunities to stay at home increased due to changes in working arrangements and daily life. However, the timing of the containment of COVID-19 remained unforeseeable, and uncertainty over the outlook continued.」
It describes the difficult full-year operating environment and uncertainty over the outlook resulting from the state of emergency being declared twice, which constrained business activity, and the inability to foresee when the pandemic would be brought under control. Meanwhile, stronger demand for eating at home contributed to higher sales in some businesses. - FY2021-Q3WorsenedAnnual report
「Concerns over the spread of COVID-19 remained significant, and infections driven by the third wave were expanding in the third quarter as the number of cases again began to trend upward. The operating environment therefore remained uncertain.」
The renewed increase in cases and the expansion of infections caused by the third wave are explicitly described, further intensifying infectious disease risks and uncertainty over the outlook. - FY2021-Q2WorsenedAnnual report
「The increase in demand for eating at home, due to consumers refraining from going out and the spread of working from home as a result of the COVID-19 pandemic, drove higher sales in the Group's Gyomu Super and meat retail businesses, among others. However, the impact of concerns over the spread of COVID-19 remained significant, and the outlook for the operating environment remained uncertain amid growing concern over the spread of infections, including a renewed upward trend in the number of cases even after the state of emergency was lifted.」
While describing the increase in demand for eating at home as a tailwind for some businesses, it states that concerns over infectious disease risks continued due to the renewed upward trend in infections and growing caution over the spread of the disease. - FY2021-Q1MaterialisedAnnual report
「As the COVID-19 pandemic spread, economic activity in Japan and overseas stagnated, while difficult conditions continued, including deteriorating corporate earnings, sluggish consumption and production activity due to consumers refraining from going out, and worsening employment conditions.」
The slowdown in economic activity, sluggish consumption and worsening employment conditions caused by the spread of COVID-19 are described as the actual operating environment. - FY2020First statedAnnual report
「The business environment is expected to become increasingly challenging due to consumers refraining from going out as the COVID-19 pandemic spreads, among other factors.」
It describes the spread of COVID-19 and consumers refraining from going out as new risks worsening the operating environment for the retail business.