Impact of COVID-19 on Customer Traffic and Economic Conditions
First written in FY2020. 5 of 7 entries say "Mitigated", first in FY2021-Q2. Latest entry: FY2022.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2022MitigatedAnnual report
「The impact of COVID-19 on our business activities during the fiscal year under review was limited.」
The annual impact of COVID-19 on business activities was described as limited. Meanwhile, the potential impact on the following fiscal year and beyond if the situation were to become prolonged or more severe continues to be disclosed. - FY2022-Q1MitigatedAnnual report
「Customer visits increased as the used-car market recovered substantially compared with the previous fiscal year, which had been affected by the spread of COVID-19.」
The used-car market recovered substantially compared with the previous fiscal year, which was affected by COVID-19, and store traffic increased. - FY2021MitigatedAnnual report
「In the second half, results consistently exceeded those of the same period of the previous year, and as a result, the full-year impact of COVID-19 was limited.」
Although lower store traffic and store closures occurred in the first quarter due to COVID-19, results recovered in the second half, and the full-year impact was described as limited. Meanwhile, the potential future impact if the situation were to become prolonged or more severe continues to be disclosed. - FY2021-Q3MitigatedAnnual report
「Store traffic recovered rapidly after the state of emergency was lifted in late May, and traffic at directly operated stores in Japan returned to normal from September onward.」
The impact of COVID-19 on traffic at directly operated stores in Japan eased from late May onward and returned to normal from September. Meanwhile, fixed costs and other expenses incurred during the temporary closure period were recorded as COVID-19-related losses. - FY2021-Q2MitigatedAnnual report
「Customer visits to domestic company-operated stores, which had declined due to the impact of COVID-19, recovered rapidly after the state of emergency was lifted in late May. Accordingly, the company believes that the impact of COVID-19 was limited to May as of the current date.」
The impact of shorter store operating hours, temporary closures, and lower store traffic occurred in the first half, but traffic at directly operated stores in Japan recovered rapidly from late May onward, and the company determined that the impact lasted only through May. - FY2021-Q1MaterialisedAnnual report
「In response to requests to refrain from going out and declarations of a state of emergency issued by the national and local governments as a result of the spread of COVID-19, we shortened store operating hours and temporarily closed stores in Japan and Australia.」
The potential impact of COVID-19 disclosed in the previous fiscal year materialized in the form of shorter operating hours, temporary store closures, lower store traffic, and declines in revenue and profit. - FY2020First statedAnnual report
「Due to requests from the government and local authorities to refrain from going out as COVID-19 spread, store traffic at domestic and overseas locations may continue to decline during the fiscal year ending February 2021. The outlook for the economy is also expected to remain uncertain.」
The spread of COVID-19, requests to refrain from going out, and uncertainty over the economic outlook were explicitly identified for the first time as risks to store traffic and the business environment for the fiscal year ending February 2021.