Business Impact of the Spread of COVID-19
First written in FY2020-Q3. 4 of 13 entries say "Worsened", first in FY2021-Q1. Latest entry: FY2024-Q1.
Zensho Holdings 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: 103 of 145 companies on the "Worse" side.
42 other companies' latest entry also says "Mitigated".
- FY2024-Q1MitigatedAnnual report
「Meanwhile, with the lifting of restrictions on activity related to COVID-19, movement of people recovered as economic activity normalized, and personal consumption also showed signs of recovery.」
The lifting of restrictions on activity and the reported recovery in economic activity, the movement of people and personal consumption indicate that the previous business impact of COVID-19 has eased to some extent. - FY2023MitigatedAnnual report
「In Japan, difficult business conditions continued due to the effects of COVID-19 and high prices on consumption, elevated raw-material and energy prices resulting from the prolonged situation in Ukraine and the depreciation of the yen, changes in the environment for stable procurement of ingredients, and tight labor supply and demand. However, as the pandemic moved toward an end, signs of improvement, including a recovery in personal consumption, were seen recently.」
The Company describes COVID-19 as moving toward an end and notes a recovery in personal consumption, partly easing its previous focus on renewed infections and restrictions on activity. - FY2023-Q3ReframedAnnual report
「In Japan, although the seventh and eighth waves of COVID-19 had an impact after the priority preventive measures were lifted at the end of the previous fiscal year, movement of people recovered and revenue in the domestic food service business entered a recovery trend.」
Although the effects of the seventh and eighth waves continued, the Company describes a recovery in the movement of people after the measures were lifted and a recovery trend in domestic food service revenue, adding a recovery factor to its description of the impact of COVID-19. - FY2023-Q2WorsenedAnnual report
「However, the food service industry continues to face a challenging environment, as the seventh wave of COVID-19 again restricted the movement of people, while the prolonged situation in Ukraine drove up global raw material and energy prices and the yen depreciated sharply.」
The Company states that the recovery trend following the lifting of the priority preventive measures was reversed, and that the seventh wave again restricted the movement of people. In addition to the continuing impact of COVID-19, soaring raw material and energy prices and yen depreciation are also noted. - FY2023-Q1MitigatedAnnual report
「The business environment surrounding the Company was affected by global increases in energy and raw-material prices resulting from geopolitical risks, including the situation in Ukraine, and supply constraints. Meanwhile, domestic food-service revenue began to recover following the lifting of priority preventive measures at the end of March 2022. Overseas food-service operations also showed signs of improvement, including the lifting of lockdowns in China in June.」
The Company notes that Japan's priority preventive measures to prevent the spread of disease and China's lockdowns related to COVID-19 have been lifted, and describes signs of recovery in its domestic food service business and improvement in its overseas food service business. - FY2022-Q3ReframedAnnual report
「In the food-service industry, there were signs of a recovery through the end of the year following the lifting of the state of emergency on 30 September, but the business climate remains uncertain due to the normalization of global price increases and the rapid spread of the Omicron variant, which differs from the first through fifth waves in characteristics such as its severity rate, raising questions about whether new infection-control measures suited to those characteristics can be implemented while maintaining economic activity.」
While noting signs of recovery following the lifting of the state of emergency, the Company identifies the rapid spread of the Omicron variant, whose characteristics differ from those of previous variants, and the need for new infection-control measures suited to it as new sources of uncertainty. - FY2022-Q2ReframedAnnual report
「The food service industry also showed signs of recovery following the lifting of the state of emergency, but the impact of COVID-19 appeared likely to be prolonged, and conditions remained uncertain.」
The Company continues to describe signs of recovery following the lifting of the state of emergency, while also noting that the impact of COVID-19 will be prolonged and that uncertainty remains. - FY2022-Q1RestatedAnnual report
「The food service industry also continues to face a challenging operating environment due to requests to shorten operating hours associated with the state of emergency and the priority preventive measures against the spread of disease, mainly in urban areas.」
The impact of requests to reduce operating hours issued in connection with states of emergency and other measures continues to affect the food service industry as COVID-19 persists. - FY2021-Q3WorsenedAnnual report
「In the food service business, results for the nine months ended this third quarter were affected by the prolonged impact of COVID-19, with revenue of ¥381,463 million, down 8.7% year on year, and operating income of ¥3,242 million, down 82.3%.」
The prolonged impact of COVID-19 is described in terms of specific effects on results in the food service business, including lower revenue and an 82.3% decline in operating income. - FY2021-Q2WorsenedAnnual report
「The food service industry also showed signs of recovery following the lifting of the state of emergency, but the impact of COVID-19 appeared likely to be prolonged, and conditions remained uncertain.」
Although signs of recovery in the food service industry are noted, the Company recognizes that the impact of COVID-19 will be prolonged, and the situation remains uncertain. - FY2021-Q1WorsenedAnnual report
「The food service industry also faced a challenging operating environment as requests to refrain from going out and closures and reduced operating hours resulting from the declaration of a state of emergency were implemented to prevent the spread of COVID-19. Although economic activity has gradually resumed since the state of emergency was lifted, concerns about a renewed spread of infections remain, and the situation continues to be uncertain.」
The business impact of COVID-19, which became more specific in the previous fiscal year, is described more clearly in terms of its impact on the food service business through requests to refrain from going out, closures and reduced operating hours. Concerns about a renewed spread of infections and uncertainty also continue. - FY2020MaterialisedAnnual report
「In the food service business, the operating environment is expected to deteriorate as requests from the government and local authorities to refrain from going out and restrictions on store hours reduce the number of customers dining in. At the same time, the Company is working to improve the operating environment through a recovery in customer numbers by actively expanding its sales channels to EI, TO, DT and DL.」
The impact of COVID-19, which had been monitored through the previous quarter, is now described specifically as a reduction in customer numbers caused by requests to refrain from going out and restrictions on store hours. - FY2020-Q3First statedAnnual report
「The Company will continue to monitor the impact on its business of the spread of the novel coronavirus pneumonia that originated in Wuhan, China, and became pronounced from January 2020, as the situation remains unpredictable.」
Although the spread of novel coronavirus pneumonia is stated to have become pronounced from January 2020, its impact on the business is unpredictable and is identified for the first time as a risk to be monitored going forward.