Impact of the COVID-19 pandemic on results and financial position
First written in FY2020-Q3. 2 of 8 entries say "Worsened", first in FY2021-Q2. Latest entry: FY2025.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2025RestatedAnnual report
「If a serious infectious disease spreads in Japan or overseas, the Group's financial position and business results may be affected by store closures, reduced operating hours and a decline in customer traffic resulting from fewer tourists visiting Japan.」
Even after COVID-19, the company continues to disclose the general risks of store closures, reduced operating hours and fewer visitors to Japan due to serious infectious diseases. - FY2023-Q3MitigatedAnnual report
「During the nine-month period ended 31 March, economic and social activity was moving toward normalisation as restrictions on behaviour related to COVID-19 were eased, and an economic recovery was expected.」
The company stated that restrictions on behaviour related to COVID-19 had been eased and that economic and social activity was moving toward normalisation. - FY2022MaterialisedAnnual report
「As the prolonged impact of COVID-19 resulted in vacant units due to tenant departures, revenue and operating profit declined.」
The prolonged impact of COVID-19 emerged in the form of tenant departures, vacant units, and lower revenue and profit in the Tenant Leasing Business. - FY2022-Q2MaterialisedAnnual report
「As the prolonged impact of COVID-19 resulted in vacant units due to tenant departures, revenue and operating profit declined.」
The prolonged impact of COVID-19 emerged in the form of tenant departures, vacant units, and declines in revenue and operating profit in the Tenant Leasing Business. - FY2022-Q1RestatedAnnual report
「During the three-month period ended 30 September 2021, the resurgence of COVID-19 expanded the areas subject to states of emergency and priority preventive measures, prolonging restrictions on economic and social activity, and the uncertain situation continued.」
The economic environment remained uncertain due to the resurgence of COVID-19, the expansion of areas subject to states of emergency and other measures, and prolonged activity restrictions. The company stated that there had been no material changes in its business and other risks. - FY2021-Q3WorsenedAnnual report
「During the nine-month period ended 31 March 2021, economic activity in Japan gradually resumed despite the continuing impact of COVID-19, and a gradual economic recovery was seen as a result of various government policies. However, the outlook for the economy remained uncertain as the number of new COVID-19 cases in Japan increased again and a state of emergency was declared again.」
The continued increase in new COVID-19 cases and the reissuance of a state of emergency left the economic outlook uncertain. - FY2021-Q2WorsenedAnnual report
「During the six-month period ended 31 December 2020, economic activity in Japan gradually resumed despite the continuing impact of COVID-19, and a gradual economic recovery was seen as a result of various government policies. However, the outlook for the economy remained uncertain due to the impact of the third wave, as the number of new COVID-19 cases in Japan began increasing again.」
Even after economic activity resumed, a third wave emerged as the number of new cases increased again, and the outlook for the economy remained uncertain. - FY2020-Q3First statedAnnual report
「If the spread of COVID-19 is prolonged, it may affect the Group's business results and financial position, and we will closely monitor developments. In the retail industry, the consumer environment has become extremely challenging, with personal consumption remaining sluggish after the consumption tax increase, compounded by restrictions on going out and the cancellation of events due to the spread of COVID-19, as well as a decline in inbound consumption resulting from the sharp drop in visitors to Japan.」
The spread of COVID-19 was explicitly identified as a new risk, and the potential impact on business results and financial position if it is prolonged was disclosed. The company explained that restrictions on going out, cancellation of events and the decline in inbound consumption caused by the sharp drop in visitors to Japan were already evident in the consumer environment during the quarter.