Impact of the spread of COVID-19 on consumption, supply and operations
First written in FY2020. 13 of 17 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 69 of 91 companies on the "Worse" side.
8 other companies' latest entry also says "Reframed".
- FY2024ReframedAnnual report
「A slowdown in personal consumption, a decline in customer visits and delays in product supply are anticipated as a result of the spread of infectious diseases and other factors, and depending on the spread of the disease, operating results may be affected by measures such as refraining from business activities and closing store facilities.」
The risk description has been generalized from its previous focus on COVID-19 to the impacts of infectious diseases in general on consumption, supply and operations. - FY2024-Q3RestatedAnnual report
「During the nine-month period ended 30 November 2023 (1 March 2023 to 30 November 2023), Japan's economy showed signs of improvement as the impact of COVID-19 gradually subsided and restrictions on activities in Japan and entry restrictions for visitors from overseas were eased. However, the outlook remained uncertain because of the prolonged Russia-Ukraine situation, higher energy and raw material prices caused by the weaker yen, and rising prices.」
While indicating signs of improvement as the impact of COVID-19 subsides and restrictions are eased, the Company states that economic risks from higher prices for commodities, energy and raw materials remain. - FY2024-Q2RestatedAnnual report
「During the six-month period ended 31 August 2023 (1 March 2023 to 31 August 2023), Japan's economy showed signs of improvement as the impact of COVID-19 gradually subsided and restrictions on activities in Japan and entry restrictions for visitors from overseas were eased. However, the outlook remained uncertain because of the prolonged Russia-Ukraine situation, higher energy and raw material prices caused by the weaker yen, and rising prices.」
The Company continues to state that the impact of COVID-19 is subsiding and that restrictions on activities and entry into the country have been eased. While the previously identified pandemic-related risks are declining, economic risks related to prices and energy remain. - FY2024-Q1MitigatedAnnual report
「During the three-month period ended 31 May 2023 (1 March 2023 to 31 May 2023), Japan's economy showed signs of improvement as the impact of COVID-19 gradually subsided and restrictions on activities in Japan and entry restrictions for visitors from overseas were eased. However, the outlook remained uncertain because of the prolonged Russia-Ukraine situation, higher energy and raw material prices caused by the weaker yen, and rising prices.」
The Company states that the impact of COVID-19 is subsiding and restrictions on activities and entry into the country have been eased, indicating that the previously identified consumption and operating risks associated with the pandemic are declining. Other economic risks, however, remain. - FY2023RestatedAnnual report
「A slowdown in personal consumption, a decline in customer visits and delays in product supply are anticipated as a result of COVID-19, and depending on the spread of the disease, operating results may be affected by measures such as refraining from business activities and closing store facilities.」
The Company continues to identify the potential impacts of COVID-19 on personal consumption, customer visits, product supply, store operations and financial condition as major risks. - FY2023-Q3RestatedAnnual report
「During the nine months ended 30 November 2022 (1 March 2022 to 30 November 2022), Japan’s economy showed signs of improvement as the number of new infections declined with the promotion of vaccinations amid the continuing impact of COVID-19. At the same time, the situation remained unsettled as variants continued to spread.」
The Company presents both the positive factor of declining new infections and the unsettled situation caused by the spread of variants, stating that COVID-19 continues to have an impact. - FY2023-Q2RestatedAnnual report
「During the six months ended 31 August 2022 (1 March 2022 to 31 August 2022), Japan’s economy showed signs of improvement as the number of new infections declined with the promotion of vaccinations amid the continuing impact of COVID-19. At the same time, the situation remained unsettled as variants continued to spread.」
The Company presents both the positive factor of declining new infections and the unsettled situation caused by the spread of variants, stating that COVID-19 continues to have an impact. - FY2023-Q1Declining infections and easing restrictions on activities alongside the spread of variantsAnnual report
「During the three months ended 31 May 2022 (1 March 2022 to 31 May 2022), Japan’s economy showed signs of improvement as the number of new infections declined with the promotion of vaccinations amid the continuing impact of COVID-19. At the same time, the situation remained unsettled as variants continued to spread.」
The Company describes positive factors, including a decline in new infections resulting from the promotion of vaccinations and the easing of restrictions on activities, while stating that the situation remains unsettled due to the spread of variants and that COVID-19 continues to have an impact. - FY2022RestatedAnnual report
「A slowdown in personal consumption, a decline in customer visits and delays in product supply are anticipated as a result of COVID-19, and depending on the spread of the disease, operating results may be affected by measures such as refraining from business activities and closing store facilities.」
The Company continues to identify the potential impacts of COVID-19 on personal consumption, customer visits, product supply, store operations and financial condition as major risks. - FY2022-Q3RestatedAnnual report
「During the nine months ended 30 November 2021 (1 March 2021 to 30 November 2021), Japan’s economy was significantly affected by the spread of COVID-19, as repeated declarations of a state of emergency and the implementation of priority preventive measures by local governments led to requests to refrain from nonessential, nonurgent outings.」
The Company continues to describe the spread of COVID-19, requests to refrain from going out under states of emergency and other measures, and the impact on economic activity. - FY2022-Q2RestatedAnnual report
「During the six months ended 31 August 2021 (1 March 2021 to 31 August 2021), Japan’s economy was significantly affected by the spread of COVID-19, as repeated declarations of a state of emergency and the implementation of priority preventive measures by the government led to requests to refrain from nonessential, nonurgent outings.」
The Company continues to describe the spread of COVID-19, requests to refrain from going out under states of emergency and other measures, and the impact on economic activity. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year (1 March 2021 to 31 May 2021), Japan's economy was significantly affected by the spread of COVID-19, with requests to refrain from nonessential and nonurgent outings issued in some regions under states of emergency and priority preventive measures to prevent the spread of the disease imposed by local governments.」
The Company continues to describe the spread of COVID-19, requests to refrain from going out under states of emergency and other measures, and the impact on economic activity. - FY2021RestatedAnnual report
「A slowdown in personal consumption, a decline in customer visits and delays in product supply are anticipated as a result of COVID-19, and depending on the spread of the disease, operating results may be affected by measures such as refraining from business activities and closing store facilities.」
The potential impacts on personal consumption, customer visits, product supply, store operations and financial condition remain identified as major risks related to COVID-19. - FY2021-Q3RestatedAnnual report
「During the nine-month period of the current fiscal year, Japan's economy deteriorated rapidly as the spread of COVID-19 severely restricted personal consumption and corporate activity. Personal consumption has gradually recovered as demand-stimulus measures such as the "Go To Campaign" were implemented to revive economic activity, but there is still no prospect of the spread of COVID-19 ending. Although some signs of recovery have emerged amid calls for a new way of living, the outlook for economic conditions remains uncertain.」
The Company continues to describe restrictions on personal consumption and corporate activity caused by COVID-19, as well as the lack of visibility regarding when the situation will end. It also refers to a recovery in personal consumption driven by demand-stimulation measures. - FY2021-Q2RestatedAnnual report
「In the retail industry as well, the measures required are changing rapidly to address demand for at-home meals resulting from changes in customers’ purchasing behavior, implement infection-control measures at stores, and respond to requests to refrain from going out and promote teleworking to curb the spread of COVID-19」
The Company continues to describe responses to changes in purchasing behavior, demand for at-home meals and infection-control measures at stores resulting from the spread of COVID-19. - FY2021-Q1RestatedAnnual report
「In the retail industry as well, the measures required are changing rapidly to address demand for at-home meals resulting from changes in customers’ purchasing behavior, implement infection-control measures at stores, and respond to requests to refrain from going out and promote teleworking to curb the spread of COVID-19」
The Company continues to describe responses to changes in purchasing behavior, demand for at-home meals and infection-control measures at stores resulting from the spread of COVID-19. It states that there have been no new risks or significant changes to business and other risks. - FY2020First statedAnnual report
「A slowdown in personal consumption, a decline in customer visits and delays in product supply are anticipated as a result of COVID-19, and depending on the spread of the disease, operating results may be affected by measures such as refraining from business activities and closing store facilities. In addition, if COVID-19 infections occur at any of the Group’s headquarters, logistics centers or stores, business activities such as product supply and store operations may be disrupted. The spread of COVID-19 may also affect operating results and financial condition through declines in customer visits to stores near affected areas.」
The Company has, for the first time, expressly identified the potential impacts of COVID-19 on personal consumption, customer visits, product supply, store operations and financial condition as a separate business risk.