Store Closures, Sales Restrictions and Deteriorating Performance Related to COVID-19
First written in FY2020. 6 of 11 entries say "Mitigated", first in FY2021-Q2. Latest entry: FY2025-H1.
The whole theme swung hardest in 2020: 68 of 90 companies on the "Worse" side.
33 other companies' latest entry also says "Mitigated".
- FY2025-H1MitigatedAnnual report
「In the Rental Car segment, revenue and profit increased as the impact of requests to refrain from going out and other factors was eliminated, tourism demand recovered fully, and demand for substitute vehicles increased.」
The effects of requests to refrain from going out and other measures subsided, and tourism demand made a full recovery. The rental-car division reported higher revenue and profit, also benefiting from increased demand for replacement vehicles. - FY2024-Q3MitigatedAnnual report
「In the Rental Car segment, revenue and profit increased as the impact of requests to refrain from going out and other factors was eliminated, tourism demand recovered, and demand for substitute vehicles increased.」
Restrictions on rental-car demand caused by requests to refrain from going out and other measures were lifted, and revenue and profit increased as tourism demand recovered and demand for replacement vehicles grew. - FY2024-Q1MitigatedAnnual report
「In the Rental Car segment, revenue and profit increased as the impact of requests to refrain from going out and other factors was almost eliminated and demand for substitute vehicles increased.」
The impact of requests to refrain from going out and other measures on rental-car demand was described as having been almost eliminated, and revenue and profit increased amid stronger demand for replacement vehicles. - FY2023-Q1MitigatedAnnual report
「In the housing-related business, orders and deliveries remained strong without being materially affected by COVID-19.」
The housing-related business was not materially affected by COVID-19, and orders and deliveries remained strong. - FY2022-Q2RestatedAnnual report
「Overseas, the European subsidiaries had been affected by lockdowns and other measures, but during the cumulative second quarter of the current fiscal year, there were also signs of a rebound following the lifting of the measures.」
While the impact of COVID-19 on our European stores remains, we have reconfirmed the rebound in sales following the lifting of lockdowns. - FY2022-Q1MitigatedAnnual report
「Overseas, the European subsidiaries had been affected by lockdowns and other measures, but during the cumulative first quarter of the current fiscal year, there were also signs of a rebound following the lifting of the measures.」
Although the effects of lockdowns and other measures remained at our European subsidiaries, sales showed a rebound following their lifting, and the impact of sales restrictions caused by COVID-19 was partly reduced from the previous fiscal year. - FY2021RestatedAnnual report
「The spread of COVID-19 is an event with broad-ranging effects on the economy and corporate activities, and it is difficult at present to predict its impact on our group or when the infection will subside. However, based on the assumption that the effects of the infection will continue for a certain period during the next consolidated fiscal year (the fiscal year ending March 2022), we have prepared the accounting estimates for the current consolidated fiscal year (the fiscal year ending March 2021).」
We have assumed that the effects of store closures, sales restrictions and other factors caused by COVID-19 will continue, and have reflected the possibility that the impact will persist through part of the fiscal year ending March 2022 in our accounting estimates. - FY2021-Q3RestatedAnnual report
「In overseas markets, mainly the European subsidiaries were forced to temporarily close stores due to lockdowns and other measures, resulting in a suspension of business activity.」
Temporary store closures and stagnant business activity at our European subsidiaries due to COVID-19 have continued. Meanwhile, the consolidated group as a whole has secured an operating profit. - FY2021-Q2MitigatedAnnual report
「In overseas markets, mainly the European subsidiaries were forced to temporarily close stores due to lockdowns and other measures, resulting in a suspension of business activity.」
Although temporary store closures and stagnant business activity due to lockdowns continued at our European subsidiaries, Japan’s new-vehicle market began to recover from June, and the housing-related business also showed signs of recovery after the state of emergency was lifted. The cumulative second-quarter period secured a profit following the substantial revenue decline and loss in the first quarter, indicating that the impact has been partly mitigated. - FY2021-Q1WorsenedAnnual report
「The global spread of COVID-19 led to requests to refrain from going out and restrictions on movement following the declaration of a state of emergency in Japan, and lockdowns and other measures overseas. Our group, comprising the company and its consolidated subsidiaries, was also affected, with a substantial decline in revenue and a small loss. Although we have not disclosed the figures, performance has remained favorable compared with the assumptions for the first quarter of the current fiscal year in the plan formulated at the beginning of the year.」
Restrictions on movement and lockdowns were implemented in Japan and overseas due to COVID-19, resulting in a substantial decline in revenue and a small loss in the first quarter. - FY2020MaterialisedAnnual report
「In the fourth quarter, we were forced to rapidly scale back business activities, including closing stores as a result of lockdowns and other measures implemented in response to the spread of COVID-19.」
Overseas lockdowns and store closures resulting from the spread of COVID-19 occurred, while production delays and weaker consumer sentiment also emerged in Japan. Domestic new-vehicle sales for the year fell 4.2% year on year to 96,371 units for the group, down 5.1% year on year. We have assumed that revenue and other measures will not return to pre-pandemic levels until the first half of fiscal 2021 at the earliest.