Decline in Demand Due to COVID-19 and Its Impact on the Business
First written in FY2020. 5 of 17 entries say "Mitigated", first in FY2023-Q1. Latest entry: FY2025.
Daisui moved to the "Worse" side of this theme in 2020.
3 other companies' latest entry also says "Dropped".
- FY2025DroppedAnnual reportNo disclosure was identified that explicitly presents the decline in demand or business impact caused by COVID-19 as a separate theme. General epidemic risks are disclosed separately.
- FY2024-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year, Japan’s economy continued to normalize economic and social activity following the COVID-19 pandemic, and economic conditions moved toward a gradual recovery. Personal consumption has picked up, led by service consumption such as travel and dining out. In addition, the number of visitors to Japan returned to pre-pandemic levels, and inbound demand is also moving toward recovery.」
The normalization of economic and social activity, the recovery in service consumption such as travel and dining out, and the recovery in the number of visitors to Japan are continuing, reaffirming the reduced impact of the decline in demand caused by COVID-19. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter of the fiscal year, Japan’s economy continued to normalize economic and social activity following the COVID-19 pandemic, and economic conditions moved toward a gradual recovery. Personal consumption has picked up, led by service consumption such as travel and dining out. Inbound demand is also moving toward recovery as the number of visitors to Japan increases.」
The normalization of economic and social activity, the recovery in service consumption such as travel and dining out, and the recovery in inbound demand are continuing, reaffirming the reduced impact of the decline in demand caused by COVID-19. - FY2024-Q1MitigatedAnnual report
「During the cumulative first-quarter period, Japan’s economy moved toward a gradual recovery as economic and social activity normalized, including the reclassification of COVID-19 under the Infectious Diseases Control Law to Category 5. Private consumption recovered, particularly service consumption such as travel and dining out.」
The reclassification of COVID-19 to Category 5 and normalization of economic and social activity supported a recovery in service consumption, including dining out, reducing the impact of the decline in demand caused by COVID-19. - FY2023MitigatedAnnual report
「The seafood sales business was temporarily affected by COVID-19 during the summer, but the impact eased over the full fiscal year and results trended toward recovery.」
Although the effects of COVID-19 temporarily remained during the summer, they eased over the full fiscal year, and revenue and segment profit in the seafood sales business exceeded the previous fiscal year’s levels. - FY2023-Q3MitigatedAnnual report
「The seafood sales business was partially affected by COVID-19, but trended toward recovery throughout the period.」
Although some effects of COVID-19 remained, the business trended toward recovery throughout the period, reducing the impact of the risk of declining demand. - FY2023-Q2MitigatedAnnual report
「Although the seafood sales business was temporarily affected by the seventh wave of COVID-19, consumption trended toward recovery throughout the period. In particular, increased demand for dining out drove sales growth, especially for high-priced species such as tuna, sea urchin and shellfish.」
Although there was a temporary impact from the seventh wave, consumption trended toward recovery throughout the period, and the increase in demand for dining out led to higher sales of high-priced fish species. - FY2023-Q1MitigatedAnnual report
「Restrictions on economic and social activity associated with COVID-19 were substantially eased, and consumption began to recover. As no state of emergency or priority preventive measures were imposed during the period, the services sector, particularly accommodation and dining, recovered.」
The easing of restrictions on economic and social activity and recovery in the services sector, including dining out, temporarily reduced the impact of the decline in demand caused by COVID-19. However, retail demand continued to be affected by rising prices. - FY2022MaterialisedAnnual report
「The group’s revenue was ¥8,878.8 million. ... The group struggled to sell mainly high-priced fresh seafood products.」
Continued sluggish demand for dining out and business-use customers due to COVID-19, together with weak sales of high-priced products, was reflected in annual results as revenue of ¥8,878.8 million and an ordinary loss of ¥119 million. - FY2022-Q3Partial recovery in demand for dining out and sluggish retail demandAnnual report
「The seafood sales business was affected from the beginning of the period by the decline in demand for dining out due to COVID-19. During the quarter from October to December, demand for dining out improved toward year-end, partly because the state of emergency and priority preventive measures were lifted, but retail demand, centered on mass retailers, lacked the momentum seen in the same period of the previous year.」
Although demand for dining out improved after restrictions were lifted, the effects of COVID-19 remained, and retail demand had not recovered to the level seen in the same period of the previous year. - FY2022-Q2MaterialisedAnnual report
「The seafood sales business continues to face extremely challenging conditions, including declining demand for dining out due to COVID-19 and declining marine resources.」
Demand for dining out continued to decline due to COVID-19, resulting in a segment loss of ¥228 million for the seafood sales business in the cumulative second-quarter period. - FY2022-Q1WorsenedAnnual report
「Although there were signs of progress toward containment, including the rollout of vaccinations, the outlook remained uncertain as the third state of emergency was declared in the Kansai region due to a resurgence of infections.」
The business environment remained uncertain due to a resurgence of infections and the third state of emergency declared in the Kansai region, amid the impact of COVID-19. - FY2021MaterialisedAnnual report
「For the current consolidated fiscal year, revenue was ¥11,423.9 million, down 8.7% year on year. ... The company was significantly affected by COVID-19 infections.」
Weak demand for dining out and business-use customers due to COVID-19, among other factors, was reflected in annual results as an 8.7% decline in revenue, an operating loss of ¥81 million and ordinary profit of ¥46 million. - FY2021-Q3WorsenedAnnual report
「The outlook remained uncertain, as COVID-19 was showing signs of resurgence and there was no clear prospect of containment.」
The company disclosed a resurgence of infections and the absence of a clear prospect of containment, with the deterioration and prolongation of the business environment, including demand for dining out, continuing. - FY2021-Q2WorsenedAnnual report
「The assumption was revised from the situation in April 2020 continuing for 6 months to the situation in September 2020 continuing for 1 year. Accordingly, an adjustment to corporate income taxes, net benefit, of ¥52 million was recorded in the six-month period of the current second quarter. This assumption involves a high degree of uncertainty, and if infections spread and the impact is prolonged, the company’s financial position and operating results may be affected.」
The assumed duration of the impact of COVID-19 was extended from 6 months to 1 year, incorporating the possibility of a prolonged impact. The company also explicitly stated that the assumption involves a high degree of uncertainty and that a spread or prolonged outbreak could affect its financial position and operating results. - FY2021-Q1MaterialisedAnnual report
「In the Seafood Sales business, overseas sales remained firm, while domestic sales continued to face difficult conditions even after the impact of COVID-19 had passed its peak during the state of emergency. Sales to mass retailers were solid on stronger demand for food consumed at home, but sales to food-service restaurants, hotels and ryokan declined substantially. The impact was particularly significant for high-priced products, resulting in revenue of ¥26.195 billion, down ¥4.797 billion year on year, and a segment loss of ¥61 million, compared with segment profit of ¥63 million in the same period of the previous year.」
The decline in demand for dining out and deterioration in sales of high-priced products due to COVID-19 were reflected in first-quarter results as a ¥4,797 million year-on-year decrease in revenue, an operating loss of ¥117 million and an ordinary loss of ¥60 million. The company also stated that accounting estimates had been revised on the assumption that the impact would continue for 1 year, with a high degree of uncertainty. - FY2020First statedAnnual report
「Although demand for at-home dining increased as a result of the spread of COVID-19, demand for dining out declined significantly, creating a challenging business environment. ... Procurement and sales conditions deteriorated due to lower demand for seafood and other factors, adversely affecting revenue and ordinary profit.」
The spread of COVID-19 had an actual impact on demand for dining out, demand for seafood, and procurement and sales in the fourth quarter, and its adverse effects on revenue and ordinary profit were disclosed.