Impact of COVID-19 on Stores, Events and Customer Demand
First written in FY2020. 2 of 15 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2020: 69 of 91 companies on the "Worse" side.
34 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「If an infectious disease pandemic were to occur in Japan, the Group's operating results could be affected, including through the closure of retail stores.」
Based on the past occurrence of the COVID-19 pandemic, the risk of store closures and other effects from the spread of infectious diseases continued to be disclosed as a general risk. - FY2024-Q2MitigatedAnnual report
「During the six months ended in the second quarter, Japan's economy began to move gradually toward normalization of social and economic activity, partly due to eased restrictions on activities and the effects of various government policies.」
The disclosure stated that social and economic activity had begun moving toward normalization against the backdrop of eased restrictions on activities, indicating a reduction in operating constraints caused by COVID-19. - FY2024-Q1MitigatedAnnual report
「In terms of profit and loss, the Company ended the intermittent reductions in operating hours implemented in response to infection levels and normalized operating hours, in addition to」
In the beauty business, the Company ended reduced hours implemented in response to infection levels and normalized operating hours, easing the operating constraints caused by COVID-19. - FY2023-Q3Slight decline in customer traffic due to rising infections alongside recovery trendAnnual report
「In the Beauty business, revenue was ¥1.5 billion (down 1.9% year on year), due in part to a slight decline in customer visits as COVID-19 cases increased toward the end of December, in addition to the closure of 7 unprofitable stores year on year.」
Overall revenue was recovering due to economic normalization and improved customer traffic, while an increase in infections toward the end of December caused a slight decline in customer traffic in the beauty business, showing that the impact of COVID-19 continued to affect results. - FY2023-Q2Recovery and improved customer traffic alongside renewed pandemic impactAnnual report
「In the kimono and jewelry business, the number of stores decreased by 7 year on year as the Company accelerated the closure of unprofitable stores in the previous fiscal year. Some exhibition events were also affected by the renewed spread of COVID-19 and other factors. However, customer traffic and revenue at stores and exhibition sales events generally recovered and increased, resulting in revenue of ¥4,883 million, up 3.2% year on year, and segment profit of ¥138 million, up 51.5%.」
While the renewed spread of COVID-19 continued to affect some exhibition events, customer traffic and revenue at stores and exhibition sales events followed recovery and growth trends. - FY2023-Q1RestatedAnnual report
「Regarding the impact of COVID-19, there had been no change in the difficulty of accurately predicting how the pandemic would spread or when it would end, due to the continued emergence of variants and expansion of affected areas. The Company believed that the impact would continue for at least a certain period.」
While customer traffic at stores and exhibition sales events was recovering, the Company maintained its view that the impact of COVID-19 would continue for a certain period due to the emergence of variants and other factors. - FY2022WorsenedAnnual report
「As in the previous fiscal year, some Group stores continued to be affected by temporary closures and reduced operating hours due to COVID-19. The emergence of new variants and a prolonged spread of infections could have a material impact on the Group's operating results, financial position and other matters.」
The impact of temporary store closures and reduced hours continued, and the disclosure explicitly stated the possibility of a material impact from new variants and a prolonged spread of infections. - FY2022-Q3Gradual recovery and concerns over variantsAnnual report
「Although revenue across the Group was generally recovering, the recovery remained gradual because some stores intermittently suspended operations or reduced their operating hours.」
Although revenue was recovering, intermittent suspensions of operations and reduced hours at some stores kept the recovery gradual. The disclosure also identified the spread of new variants as a concern. - FY2022-Q2Revenue recovery trend alongside continued decline in customer trafficAnnual report
「Although revenue was generally recovering, the impact of declining customer traffic was expected to continue for the time being, partly because prolonged COVID-19 restrictions had made refraining from going out commonplace.」
While overall revenue was recovering, the Company indicated that declining customer traffic caused by the normalization of refraining from going out was expected to continue for the time being. - FY2022-Q1Recovery continued alongside the impact of the third state of emergencyAnnual report
「Across the Group, revenue generally followed a recovery trend after the first state of emergency was lifted. The Group worked to reduce store management and operating costs while improving the operating environment with the safety of customers and employees as its top priority.」
While the recovery in revenue continued after the first state of emergency was lifted, the current quarter was still affected by temporary closures of some stores and the cancellation of large exhibition sales events due to the third state of emergency. - FY2021Full-year revenue decline, but recovery after stores reopenedAnnual report
「The Group's consolidated results for the fiscal year were significantly affected by temporary store closures and other measures under the state of emergency declared in April 2020, but followed a recovery trend from the second quarter onward. Although the state of emergency declared again in January 2021 reduced store traffic,」
Temporary store closures under the state of emergency and declining store traffic following its reimposition affected full-year results, while results followed a recovery trend from the second quarter onward. - FY2021-Q3Recovery after stores reopened alongside continued pandemic impactAnnual report
「After the state of emergency was lifted, the Group improved the operating environment at all stores with the safety of customers and employees as its top priority, gradually extended operating hours, and continued initiatives across the Group to reduce store management and operating costs. Consolidated results for the nine months ended in the third quarter were significantly affected by revenue declines caused by temporary store closures and other measures under the state of emergency, but followed a recovery trend from the second quarter onward.」
While the impact of temporary store closures under the state of emergency remained, the Group improved the operating environment at all stores and gradually extended operating hours, resulting in a recovery trend from the second quarter onward. - FY2021-Q2Impact on events and customer traffic continued after stores reopenedAnnual report
「During the state of emergency, the Group temporarily closed stores and substantially reduced operating hours. After the declaration was lifted, it resumed operations at all stores while improving the operating environment with the safety of customers and employees as its top priority. However, people continued to refrain from traveling between prefectures and going out, and the Group continued to see cancellations of joint exhibition sales events and declines in customer traffic.」
While the Group progressed from closures and reduced hours under the state of emergency to reopening all stores, cancellations of exhibition sales events and declining customer traffic continued as people refrained from traveling and going out, leaving the impact of COVID-19 after stores reopened. - FY2021-Q1MaterialisedAnnual report
「In response to the declaration of a state of emergency covering all prefectures, the Group temporarily closed many stores or significantly shortened their operating hours.」
The impact of COVID-19 anticipated at the end of the previous fiscal year materialized during the current quarter in the form of store closures and substantial reductions in operating hours under the state of emergency covering all prefectures. - FY2020First statedAnnual report
「Since February 2020, the spread of COVID-19 had affected the DSM business through the cancellation of exhibition sales events and the beauty business through cancellations of graduation ceremony dressing services, as well as through a decline in store visitors. Following the declaration of a state of emergency on 7 April, many stores suspended operations or reduced their hours. As a result, COVID-19 was expected to have a material impact on the financial position, operating results and cash flows of the following consolidated fiscal year, but it was difficult at that time to foresee when the pandemic would end or to reasonably estimate the amount of its impact.」
The cancellation of exhibition sales events, cancellations of graduation ceremony dressing services, declining store traffic, store closures and reduced hours had actually occurred since February 2020, and a material impact on the following year's financial position, operating results and cash flows was anticipated.