Restrictions and Curtailment of Sports Activities and Economic Uncertainty Due to COVID-19
First written in FY2020-Q2. 6 of 16 entries say "Mitigated", first in FY2023-Q1. Latest entry: FY2024-Q3.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024-Q3MitigatedAnnual report
「In the sporting goods retail industry in which our group operates, demand for competition-oriented sporting goods has begun to recover as social activity has normalized.」
Demand for competition-oriented sporting goods has begun to recover as social activity has normalized, while activity restrictions and demand suppression caused by the infectious disease are easing. - FY2024-Q2MitigatedAnnual report
「In the sporting-goods retail industry to which our Group belongs, sports activity showed signs of becoming more active as social activity normalised. However, consumer preference for price has continued owing to higher procurement and logistics costs and other costs, higher labour costs resulting from labour shortages, and a growing preference for frugality caused by rising prices.」
Sports activities have increased as social activity has normalized, and restrictions and demand suppression caused by the infectious disease are easing. Meanwhile, higher costs and consumers' continued focus on price remain. - FY2024-Q1MitigatedAnnual report
「In the sporting goods retail industry in which our group operates, restrictions on sports activities are easing as social activity normalizes, but the impact of higher costs, including procurement and logistics costs, and lower consumption due to rising prices has become apparent.」
Restrictions on sports activities are easing as social activity normalizes, while lower consumption due to rising prices and higher procurement and logistics costs have emerged as new impacts. - FY2023MitigatedAnnual report
「In the sporting goods retail industry in which our group operates, sports activities that had been subject to various restrictions have returned to normal.」
The company states that restrictions on sports activities have returned to normal and that the risk of demand suppression caused by the infectious disease has eased compared with the previous fiscal year. Meanwhile, rising prices and higher costs remain concerns. - FY2023-Q2MitigatedAnnual report
「In the sporting goods retail industry in which our group operates, restrictions on sports activities have eased as social activity has normalized, but the impact of lower consumption due to rising prices and higher costs has become apparent.」
As social activity has normalized and restrictions on sports activities have eased, demand suppression associated with the infectious disease is easing, while the impact of lower consumption due to rising prices and higher costs has become apparent. - FY2023-Q1MitigatedAnnual report
「In the sporting goods retail industry in which our group operates, restrictions on sports activities have eased as social activity has normalized, but the impact of lower consumption due to rising prices and higher costs has become apparent.」
As social activity has normalized and restrictions on sports activities have eased, demand suppression caused by the infectious disease is easing. Meanwhile, lower consumption due to rising prices and higher costs have emerged as new impacts. - FY2022-Q3Demand remains suppressed but shows signs of easingAnnual report
「In the sporting goods retail industry in which our group operates, demand continued to be suppressed by restrictions on sports activities associated with infection-control measures, while the winter shopping season benefited from favorable conditions due to snowfall and lower temperatures. Demand has recently shown signs of recovering, but concerns remain over a decline in consumption due to rising prices and the impact of higher costs going forward.」
Restrictions on sports activities and suppressed demand resulting from infection-control measures have continued, although demand has recently shown signs of recovering. New concerns have emerged over lower consumption due to rising prices and higher costs. - FY2022-Q2RestatedAnnual report
「Meanwhile, restrictions on sports activities resulting from infection-control measures have led to a continuing tendency for demand to remain suppressed.」
Restrictions on sports activities resulting from infection-control measures and suppressed demand have continued. - FY2022-Q1Restrictions on sports activities and economic uncertainty continueAnnual report
「In the sporting goods retail industry in which our Group operates, demand was generally restrained, as days of high temperatures continued from October onward and restrictions on various sports activities also remained in place.」
The company states that restrictions on sports activities have continued and that demand has shown signs of being suppressed. - FY2021RestatedAnnual report
「Depending on the course of the COVID-19 outbreak, the decline in demand for sporting goods caused by school closures and requests to refrain from going out, as well as the decline in store visitors resulting from store closures or shorter operating hours, may continue.」
The company continues to identify reduced demand, store closures and shorter operating hours, and fewer store visitors due to the infectious disease as key risks. - FY2021-Q3RestatedAnnual report
「In the sporting-goods retail industry to which our Group belongs, activities in a wide range of sports involving professionals, amateurs, students and the general public became restricted because of the COVID-19 pandemic.」
The company states that restrictions on sports activities involving people across all segments have continued due to COVID-19. - FY2021-Q2RestatedAnnual report
「In the sporting-goods retail industry to which our Group belongs, activities in a wide range of sports involving professionals, amateurs, students and the general public became restricted because of the COVID-19 pandemic.」
The company states that restrictions on sports activities involving people across all segments have continued due to COVID-19. - FY2021-Q1RestatedAnnual report
「In the sporting-goods retail industry to which our Group belongs, activities in a wide range of sports involving professionals, amateurs, students and the general public became restricted because of the COVID-19 pandemic.」
The company states that restrictions on sports activities involving people across all segments have continued due to COVID-19. - FY2020MaterialisedAnnual report
「Same-store sales during the period remained weak at 64.7% of the previous year, due to shorter store operating hours and the suspension of operations at up to 13 stores, among other factors.」
The spread of COVID-19 led to shorter operating hours and the suspension of operations at up to 13 stores, resulting in a significant decline in same-store sales and a full-year loss. - FY2020-Q3MaterialisedAnnual report
「The third quarter remained weak, having been significantly affected by the stagnation of economic activity resulting from the state of emergency related to COVID-19.」
Previously, the company had identified the curtailment and scaling back of sports activities and economic uncertainty as risks. In this filing, it states that the stagnation of economic activity resulting from the state of emergency, lower demand for sporting goods, and fewer store visitors due to store closures and shorter operating hours led to the weak results. - FY2020-Q2First statedAnnual report
「In addition to the continuing instability overseas, including US-China trade friction, the impact of the COVID-19 pandemic has been expanding, rendering economic conditions in Japan and overseas uncertain. Furthermore, as a measure to prevent the spread of COVID-19, various sports activities involving professional athletes, amateurs, students and the general public were forced to be curtailed or scaled back.」
The company identifies increasing uncertainty in the domestic and overseas economies caused by the COVID-19 pandemic, together with the curtailment and scaling back of sports activities, as new risks.