Impact of the Spread of COVID-19 on Operations and Business Performance
First written in FY2020. 4 of 17 entries say "Restated". Latest entry: FY2025.
Marche 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: 69 of 91 companies on the "Worse" side.
12 other companies' latest entry also says "Dropped".
- FY2025DroppedAnnual reportThe company does not expressly identify operating restrictions or weak demand resulting from the spread of COVID-19 as major business risks for the fiscal year.
- FY2025-H1Recovery trend driven by demand for dining out and inbound tourismAnnual report
「The restaurant industry is showing signs of recovery as consumer demand for dining out increases with the normalization of economic activity and inbound demand rises, although」
The company described a recovery trend following the impact of the infection, driven by increased demand for dining out accompanying the normalization of economic activity and inbound demand. At the same time, the challenging environment caused by labor shortages and soaring prices continues. - FY2024-Q3Easing of infection-related impacts and normalization of economic activityAnnual report
「During the nine months ended the third quarter, Japan's economy showed signs of a gradual recovery as economic activity normalized, partly because COVID-19 was downgraded to a Class 5 disease under the Infectious Diseases Act in May 2023.」
The company stated that economic activity normalized and the economy moved toward recovery following the reclassification of COVID-19 as a Class 5 disease. At the same time, it continued to refer to measures addressing the infection in its disclosures concerning the going concern assumption. - FY2024-Q2Easing of infection-related impacts alongside continuing lifestyle changesAnnual report
「Although the economy is recovering following the reclassification of COVID-19 as a Class 5 disease, the business environment remains challenging because of continuing changes in lifestyles caused by COVID-19, surging raw material and utility costs, and chronic labor shortages.」
The company described a recovery trend following the reclassification as a Class 5 disease, while explaining that lifestyle changes caused by the infection remain and continue to affect the business environment. - FY2023Economic normalization alongside continued impactsAnnual report
「Although the impact of COVID-19 is becoming prolonged, economic activity is normalizing and the economy is showing signs of a gradual recovery; however, the company expects that recovery will take some time.」
The company noted signs of normalized economic activity and recovering demand, while stating that the impact of COVID-19 is becoming prolonged and that recovery will take some time. - FY2023-Q3Renewed spread of infections and sluggish weekday and late-night demandAnnual report
「The business environment remains challenging because of stagnant consumer activity caused by the renewed spread of COVID-19, higher raw material and utility costs, and worsening labor shortages. Changes in lifestyles during the pandemic have also meant that customer traffic on weekdays and during late-night hours at izakaya restaurants remains sluggish even after restrictions were eased.」
The company stated that stagnant consumer activity caused by the renewed spread of infections and sluggish customer traffic during weekday and late-night hours continued even after operating restrictions were eased. - FY2023-Q2Renewed spread of infections and sluggish evening demandAnnual report
「Changes in lifestyles during the pandemic have meant that customer traffic on weekdays and during late-night hours at izakaya restaurants remains sluggish even after restrictions were eased.」
The company noted signs of a recovery in customer visits after restrictions on activities were eased, while consumer activity remained stagnant because of the renewed spread of infections and customer traffic during weekday and late-night hours remained sluggish. - FY2023-Q1RestatedAnnual report
「Although signs of a recovery in customer visits have begun to emerge since the priority preventive measures were lifted, changes in lifestyles during the pandemic have meant that evening customer traffic at izakaya restaurants has not increased even after restrictions were eased, and demand for dining out at night remains sluggish.」
The company noted signs of a recovery in customer visits after operating restrictions were eased, while evening customer traffic and demand for dining out at night remained sluggish because of the pandemic. - FY2022RestatedAnnual report
「During the fiscal year, Japan's economy remained clouded by uncertainty as COVID-19 infections continued to spread intermittently, leading to declarations of states of emergency and the implementation of priority preventive measures. The restaurant industry was subject to requests from local authorities, implemented intermittently, to reduce operating hours and suspend or restrict the serving of alcoholic beverages, resulting in operating restrictions.」
Operating restrictions caused by COVID-19, requests to reduce operating hours, and restrictions on alcohol service continued during the fiscal year, underscoring the difficult environment facing the restaurant industry. - FY2022-Q3Demand recovery remains slow even after operating restrictions were easedAnnual report
「In the restaurant industry, local authorities' requests for closures, reduced operating hours, and the suspension or restriction of alcohol service ended during October, but the return of customers remains gradual.」
Although requests for closures, reduced operating hours, and restrictions on alcohol service ended during October, customer traffic has recovered only gradually, and concerns about a renewed spread of infections caused by new variants continue. - FY2022-Q2RestatedAnnual report
「Even after the state of emergency was lifted, the company continued to be affected in various ways, including reduced operating hours, fewer seats to maintain social distancing, fewer group meals and parties, and requests for people to refrain from returning to their hometowns during the Bon holiday period.」
Operating restrictions caused by COVID-19 continued during the quarter in the form of reduced operating hours, fewer seats, fewer group meals and parties, and requests to refrain from returning to hometowns. - FY2022-Q1RestatedAnnual report
「The operating environment remains challenging, as the state of emergency was re-declared in April and the company was forced to implement intermittent temporary closures, reduced operating hours, and requests to refrain from serving alcoholic beverages.」
The impact of COVID-19 continued in the form of the re-declared state of emergency, temporary closures, reduced operating hours, and requests to refrain from serving alcoholic beverages. - FY2021WorsenedAnnual report
「However, a new state of emergency was declared in January 2021, after which nearly all directly operated stores suspended operations or substantially revised their services.」
The impact of COVID-19 continued and expanded through the renewed state of emergency and the suspension or alteration of operations at nearly all directly operated stores, becoming apparent in a 53.7% decline in full-year revenue and a net loss for the year of ¥1,470 million. - FY2021-Q3WorsenedAnnual report
「The restaurant industry was severely affected after the declaration of a state of emergency led to requests nationwide for people to refrain from going out, forcing restaurants to close temporarily or reduce their operating hours. In particular, when the third wave of COVID-19 became apparent, local authorities in various areas requested further reductions in operating hours at restaurants serving alcoholic beverages, while demand for year-end parties disappeared, resulting in an extremely challenging environment.」
Operating restrictions expanded because of the third wave of COVID-19, requests to reduce operating hours, and the disappearance of demand for parties, with the impact becoming even more pronounced through a 49.9% decline in revenue and a net loss for the quarter of ¥821 million. - FY2021-Q2WorsenedAnnual report
「Despite these initiatives, for the six months ended the second quarter, revenue was ¥1,931 million, down 55.2% year on year; operating loss was ¥494 million, compared with an operating loss of ¥53 million in the same period of the previous year; ordinary loss was ¥464 million, compared with an ordinary loss of ¥36 million; and net loss for the quarter was ¥562 million, compared with a net loss for the quarter of ¥65 million.」
The impact of operating restrictions associated with the spread of COVID-19 became even more pronounced than at the previous quarterly reporting date, reflected in a 55.2% decline in revenue, an operating loss of ¥494 million, and a net loss for the quarter of ¥562 million. - FY2021-Q1MaterialisedAnnual report
「Under these circumstances, the company complied with requests from the government and local authorities and worked to restore performance by expanding delivery services and takeout menus while many stores operated on a temporary closure or reduced-hours basis.」
The impact of COVID-19 became apparent through continued temporary closures and reduced operating hours at many stores, a significant decline in revenue, and the recognition of extraordinary losses. - FY2020First statedAnnual report
「However, following the declaration of a state of emergency on 7 April 2020, nearly all directly operated stores suspended operations or substantially revised their services. For stores operated by franchisees of the group, the company requested that operations be suspended during the state of emergency, provided guidance on support such as sustainability benefits, and waived or reduced royalties for a specified period.」
The spread of COVID-19 resulted in operating suspensions and changes to services at directly operated stores, requests for franchisees to suspend operations, and royalty waivers or reductions. The company stated that a prolonged impact could affect its financial position and operating results in the following fiscal year.