Deterioration of the Economic and Operating Environment Due to the Spread of COVID-19
First written in FY2021-Q1. 4 of 11 entries say "Restated". Latest entry: FY2024-Q3.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024-Q3Lifting of restrictions on activities, normalization of customer traffic, and diminishing impact of the pandemicAnnual report
「With restrictions on activities related to COVID-19 lifted, the normalization of customer traffic and the revival of leisure and inbound demand have given some areas of consumption momentum. In addition, steady employment and income conditions have helped economic activity regain some strength.」
While restrictions on activities related to COVID-19 were lifted and customer traffic normalized, with leisure and inbound demand recovering, the company does not state that the impact of the pandemic had completely disappeared; it points to aspects of recovery in the economic environment. - FY2024-Q1RestatedAnnual report
「The impact of the spread of COVID-19 on the Group’s business activities is within expectations at this time.」
While the impact of COVID-19 continued, the company maintained its explanation that the impact on business activities was within expectations as of the current quarter. - FY2023-Q3Easing of restrictions on activities, recovery in customer traffic, and continuing impact of the pandemicAnnual report
「Although the economy has shown signs of gradually recovering as customer traffic rebounds with the easing of restrictions on activities while the impact of COVID-19 continues, the outlook remains uncertain. Rising prices for crude oil, raw materials and other commodities due to the yen’s depreciation and the situation in Ukraine have affected personal consumption.」
While the impact of the pandemic continues, the company describes an economic recovery driven by the easing of restrictions on activities and the recovery in customer traffic. The external environment combines areas of improvement with factors contributing to uncertainty. - FY2023-Q1RestatedAnnual report
「The impact of the spread of COVID-19 on the Group’s business activities is within expectations at this time.」
While the impact of COVID-19 continued, the company maintained its explanation that the impact on business activities was within expectations as of the current quarter. - FY2022-Q3RestatedAnnual report
「The impact of the spread of COVID-19 on the Group’s business activities is within expectations at this time.」
While the impact of the pandemic continued, the company maintained its explanation that the impact on business activities was within expectations as of the current quarter. - FY2022-Q2RestatedAnnual report
「The impact of the spread of COVID-19 on the Group’s business activities is within expectations at this time.」
While the resurgence of infections and restrictions on activities continued, the company maintained its explanation that the impact on business activities was within expectations as of the current quarter. - FY2022-Q1Impact within expectations and recovery in average daily salesAnnual report
「The impact of the spread of COVID-19 on the Group’s business activities is within expectations at this time.」
Although the resurgence of infections and the state of emergency continued, the company explained that the impact on business activities was within expectations as of the current quarter. At Lawson Three F, average daily sales had recovered to pre-pandemic levels. - FY2021Assumed recovery and explicit risks if the impact exceeds expectationsAnnual report
「Although the impact of COVID-19 on the economy and personal consumption remains uncertain, we assume that the convenience store industry will see the negative impact gradually ease and move toward a certain degree of recovery. However, if the impact becomes more serious than expected, it may affect the Group’s business results, financial condition and other matters.」
While assuming that the impact of the pandemic will gradually ease and move toward a certain degree of recovery, the company explicitly states the risks to business results and financial condition if the impact becomes more serious than expected. - FY2021-Q3Impact exceeded expectations, but limited impact on consolidated resultsAnnual report
「The impact of the spread of COVID-19 on the Group’s business activities has been slightly greater than initially expected, but the impact on consolidated results is considered limited at this time.」
The company states that the impact of COVID-19 on business activities was slightly greater than initially expected, while explaining that its impact on consolidated results is limited at this time. - FY2021-Q2MaterialisedAnnual report
「At Lawson Three F, operated by 株式会社エル・ティー・エフ, the number of customers using stores in office districts and leisure locations declined substantially as working from home became more widespread and calls to refrain from going out continued for an extended period to prevent the spread of COVID-19. Meanwhile, the number of customers using stores in residential locations increased relatively, widening differences in sales among individual stores as customer usage patterns changed according to store location.」
The impact of COVID-19 became evident in actual operating conditions through a sharp decline in customers at stores in office districts and leisure locations, an increase in customers at stores in residential locations, and wider differences in sales among individual stores. - FY2021-Q1First statedAnnual report
「The spread of the novel coronavirus during a period of disruption in the global economic order plunged economic activity in Japan and overseas into unprecedented turmoil, causing the economy to deteriorate rapidly and creating an extremely challenging environment.」
The company has for the first time explicitly stated its view that the spread of COVID-19 disrupted economic activity in Japan and overseas and caused the economy to deteriorate rapidly.