Risks to supply, store operations and consumption arising from COVID-19
First written in FY2020. 5 of 15 entries say "Materialised", first in FY2021-Q2. Latest entry: FY2025.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2025DroppedAnnual reportThis filing contains no identifiable section under major business and other risks that describes the impact of COVID-19 on supply, store operations or consumption as a standalone risk.
- FY2024RestatedAnnual report
「During the current fiscal year, Japan's economy saw socioeconomic activity normalize as COVID-19 was reclassified to Category 5, while」
The filing describes the reclassification of COVID-19 to Category 5 and the normalization of socioeconomic activity, reaffirming that the effects of restrictions on economic activity caused by the infectious disease are easing. - FY2024-Q3MitigatedAnnual report
「During the first 3 quarters of the current fiscal year, Japan's economy remained uncertain. Economic activity continued to recover as COVID-19 was reclassified to Category 5, but the outlook remained uncertain due to the effects on economic conditions of global monetary tightening and geopolitical risks related to Ukraine, the Middle East and other regions.」
The filing states that economic activity is recovering following the reclassification of COVID-19 to Category 5, indicating that the effects of restrictions on economic activity caused by the infectious disease are easing. - FY2024-Q1MitigatedAnnual report
「During the first quarter of the current fiscal year, Japan's economy continued to face uncertainty. While COVID-19 restrictions were eased and socioeconomic activity normalized, the prolonged situation in Ukraine and sharp fluctuations in foreign exchange markets remained factors affecting the outlook.」
The filing describes the easing of COVID-19 restrictions and the normalization of socioeconomic activity, indicating that restrictions on business operations and consumption caused by the infectious disease are easing. - FY2023MitigatedAnnual report
「With the easing of COVID-19 restrictions, socioeconomic activity has begun to normalize, and as of the current date, no stores have experienced a significant decline in sales.」
The filing states that restrictions on socioeconomic activity caused by the infectious disease and its impact on store sales are easing. Meanwhile, the risk of product delivery delays depending on infection conditions continues to be disclosed. - FY2023-Q3MitigatedAnnual report
「During the cumulative third quarter under review, Japan's economy showed signs of revitalization following a shift in policies toward living with COVID-19, but the outlook remained uncertain because of sharp exchange-rate fluctuations and higher energy and raw-material prices resulting from the situation in Ukraine.」
The easing of COVID-19 restrictions is described as a tailwind for economic revitalization, indicating a shift away from the previous restrictions on economic activity caused by the infectious disease. Meanwhile, uncertainty about the outlook continues. - FY2023-Q1MaterialisedAnnual report
「The business environment is becoming increasingly challenging, with delivery delays caused by the impact of China's lockdowns among the factors involved.」
The filing states that China's lockdowns actually resulted in delays in product delivery schedules. - FY2022RestatedAnnual report
「In the supply chain, production bases for private-label products are concentrated in China and ASEAN countries. Depending on infection conditions in each country, this could result in lower production utilization rates and delays in product deliveries due to logistics disruptions caused by lockdowns. In sales, temporary store closures, reduced operating hours and weaker consumer sentiment associated with calls to refrain from going out could affect the company's operating results as infections spread.」
The company continues to identify risks related to the supply chain in China and ASEAN, delivery delays caused by lockdowns, restrictions on store operations and weaker consumer sentiment. - FY2022-Q3RestatedAnnual report
「The effects of the spread of the infectious disease remain subject to many uncertainties, and depending on future infection conditions, it may affect the company's financial condition and operating results.」
While stating that there have been no significant changes in accounting estimates related to the effects of the infectious disease, the company reaffirms the uncertainty that infection conditions could affect its financial condition and operating results. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter under review, Japan's economy remained in severe conditions as economic activity continued to be restricted by repeated declarations of a state of emergency resulting from COVID-19. Although personal consumption was expected to recover as vaccinations progressed, the outlook remained uncertain because of risks including the spread of variants.」
The company reaffirms the prolonged infectious disease, restrictions on economic activity imposed by states of emergency, the risk of variant spread and uncertainty about the outlook for consumption. - FY2022-Q1MaterialisedAnnual report
「During the first quarter of the current fiscal year, Japan's economy remained in a difficult situation as economic activity, particularly in nonmanufacturing sectors, was restricted amid the prolonged COVID-19 pandemic and the repeated issuance of states of emergency. The outlook for personal consumption also remained extremely uncertain, as employment and income conditions deteriorated and consumer sentiment weakened due to calls to refrain from going out.」
The filing states that economic activity has been restricted by the prolonged infectious disease and repeated states of emergency, while deterioration in employment and income conditions and weaker consumer sentiment due to calls to refrain from going out have continued. - FY2021MaterialisedAnnual report
「Due to the spread of COVID-19, some of our stores have shortened their operating hours or temporarily closed, and customer consumption patterns have changed. However, many uncertainties remain, including when the disease will subside and how it will affect economic activity, and it may affect our future financial condition and operating results.」
While temporary closures and reduced operating hours at some stores and changes in consumer activity actually occurred, the timing of the end of the outbreak and its impact on economic activity remain uncertain. - FY2021-Q3MaterialisedAnnual report
「In the workwear industry, economic activity stagnated due to COVID-19, capital investment and construction activity weakened, and demand for workwear declined.」
The filing states that the slowdown in economic activity caused by the infectious disease actually emerged as weakness in capital investment and construction activity and a decline in demand for workwear. - FY2021-Q2MaterialisedAnnual report
「However, demand for workwear declined in some industries, including automobiles, as economic activity stagnated because of infectious diseases. In addition, the operating environment remains challenging as competition intensifies across industries and formats.」
The filing states that the slowdown in economic activity caused by the infectious disease actually emerged as lower demand for workwear in some industries, including automobiles. - FY2020First statedAnnual report
「In the supply chain, production bases for private-label products are concentrated in China and ASEAN countries. Depending on infection conditions in each country, this could result in lower production utilization rates and delays in product deliveries due to logistics disruptions. In sales, temporary store closures, reduced operating hours in response to states of emergency and weaker consumer sentiment associated with calls to refrain from going out could affect the company's operating results.」
The company newly identifies lower utilization rates and delayed deliveries at production bases in China and ASEAN as risks, and states that temporary closures and reduced operating hours at some stores, as well as a decline in consumer activity, actually occurred.