Risk of COVID-19 Impacts on Store Operations, Product Procurement and Financial Results
First written in FY2020. 6 of 12 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2026DroppedAnnual report
「In the retail industry in which our Group primarily operates, the uncertain business environment continued due to the deterioration in consumer sentiment against a backdrop of rising prices, higher logistics costs and supply constraints caused by labor shortages.」
The description of the business environment and major risks in this filing does not explicitly refer to the impact of COVID-19 on store operations, procurement or operating results. - FY2024RestatedAnnual report
「During the consolidated fiscal year, Japan's economy remained on a moderate recovery path as the impact of COVID-19 on the economy diminished.」
The filing states that the impact of COVID-19 on the economy diminished. At the same time, it continues to describe the business environment, including the previously recognized impacts of the pandemic. - FY2024-Q3RestatedAnnual report
「During the cumulative third-quarter period, Japan's economy remained on a moderate recovery path as the impact of COVID-19 on the economy diminished.」
While stating that the impact of COVID-19 on the economy diminished, the filing continues to describe the previously recognized impacts of the pandemic. - FY2024-Q2SoftenedAnnual report
「During the cumulative second-quarter period, Japan's economy remained on a moderate recovery path as the impact of COVID-19 on the economy diminished.」
The filing states that the impact of COVID-19 on the economy diminished, while the business and other risks section states that there are no new risks or material changes. - FY2022MaterialisedAnnual report
「The housekeeping division, centered on daily necessities and pharmaceuticals, among other products, struggled to grow due to the decline following the sharp expansion in COVID-19-related demand in the previous consolidated fiscal year.」
The filing states that the decline following COVID-19-related demand was reflected in full-year results as sluggish sales of daily necessities, pharmaceuticals and other products. - FY2022-Q3RestatedAnnual report
「By product category, sales of daily necessities, pharmaceuticals, interior goods and household appliances, among others, struggled to grow due to the decline following COVID-19-related demand, while timber and building materials, tools, remodeling-related products and pet supplies, among others, performed steadily.」
The decline following COVID-19-related demand continues to be reflected in actual results as sluggish sales of daily necessities, pharmaceuticals, interior goods and household appliances, among others. - FY2022-Q2MaterialisedAnnual report
「Sales of daily necessities, pharmaceuticals, interior goods and household appliances, among others, struggled to grow due to the decline following last year's COVID-19-related demand and the effects of unsettled weather.」
The decline following COVID-19-related demand is explicitly described as sluggish growth in product sales, indicating that the pandemic has affected consumption patterns and operating results. - FY2021RestatedAnnual report
「If the situation is prolonged and further spread of the infection or similar developments occur, risks including delays in the procurement of products due to disruption or stagnation in the supply chain are expected, which may affect the Group's operating results and financial position.」
The filing continues to describe restrictions on store operations caused by COVID-19 and the risks of supply chain disruption, procurement delays, and impacts on operating results and financial position if the situation is prolonged or the infection spreads further. - FY2021-Q3WorsenedAnnual report
「During the cumulative third-quarter period, Japan's economy deteriorated rapidly as economic activity was significantly restricted by the spread of COVID-19, although economic activity gradually began to resume from the summer onward. Nevertheless, the situation remains far from containment, and the outlook continues to be extremely difficult and uncertain.」
Although the filing refers to the resumption of economic activity, it describes the COVID-19 pandemic as being far from contained and the outlook as “extremely difficult and uncertain.” This expresses a stronger sense of difficulty in the outlook than the previous quarter's “difficult situation.” - FY2021-Q2RestatedAnnual report
「During the cumulative second-quarter period, Japan's economy remained in a difficult situation, although signs of a recovery emerged as economic activity gradually resumed while the impact of the spread of COVID-19 on the real economy continued.」
While the impact of the spread of COVID-19 on the real economy continued, the filing also describes signs of a recovery resulting from the gradual resumption of economic activity. It states in the business and other risks section that there are no new risks or material changes. - FY2021-Q1RestatedAnnual report
「During the cumulative first-quarter period, Japan's economy had continued on a moderate recovery path, supported by improvements in corporate earnings and the employment and income environment. However, economic activity was significantly restricted by the global spread of COVID-19, and concerns over a slowdown in the real economy grew further. In the retail industry, a state of emergency was declared in response to the spread of COVID-19. Requests to refrain from going out and shorten business hours drove stay-at-home consumption and brought about major changes in individual consumption patterns. The lifting of the state of emergency is expected to lead to a gradual normalization of economic activity, but even if the spread of the infection moves toward containment, the recovery of the economy as a whole is expected to take time.」
The filing describes restrictions on economic activity caused by COVID-19, the state of emergency, requests to refrain from going out and shorten business hours, and changes in consumption patterns driven by stay-at-home consumption. Although it indicates that the overall economy is expected to take time to recover even after the state of emergency was lifted, it states in the business and other risks section that there are no new risks or material changes. - FY2020MaterialisedAnnual report
「In addition, in response to COVID-19, Group stores have shortened their operating hours and suspended certain services. However, to fulfill our role as social infrastructure providing a stable supply of daily necessities, we have continued operating after implementing infection-control measures, with the safety and health of customers and employees as our top priority. If the situation persists and infections spread further, delays in product procurement due to disruption or stagnation in the supply chain are expected and could affect the Group's results and financial position.」
The Company initially disclosed that COVID-19 had already led to shorter operating hours and the suspension of certain services, and identified supply-chain disruption, procurement delays, and impacts on results and financial position as risks if the pandemic were prolonged or spread further.