Impact on business performance of business closures and lower consumer confidence caused by the COVID-19 pandemic
First written in FY2020. 7 of 15 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2024-Q3.
Kyoto Kimono Yuzen 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: 82 of 107 companies on the "Worse" side.
35 other companies' latest entry also says "Mitigated".
- FY2024-Q3MitigatedAnnual report
「During the third quarter of the current consolidated cumulative period, the Japanese economy gradually moved toward normalization of economic activity following the novel coronavirus's reclassification as a Category 5 infectious disease, and the economy recovered moderately.」
The normalization of economic activity progressed following the novel coronavirus's transition to Category 5, indicating a shift away from the direct impact previously caused by temporary closures and restrictions on activities. - FY2024-Q2MitigatedAnnual report
「During the second quarter of the current consolidated cumulative period, the Japanese economy gradually moved toward normalization of economic activity following the novel coronavirus's reclassification as a Category 5 infectious disease, and the economy recovered moderately.」
The normalization of economic activity progressed following the novel coronavirus's transition to Category 5, indicating a shift away from the direct impact previously caused by temporary closures and restrictions on activities. - FY2024-Q1MitigatedAnnual report
「During the first quarter of the current consolidated cumulative period, the Japanese economy saw restrictions on activities substantially eased following the novel coronavirus's reclassification as a Category 5 infectious disease, and economic activity showed signs of a gradual recovery.」
The transition of the novel coronavirus to Category 5 and the substantial easing of restrictions on activities indicate a shift away from the direct impact previously caused by temporary closures and restrictions on activities. - FY2023MitigatedAnnual report
「Although measures against the novel coronavirus disease were progressively eased and economic activity showed signs of a gradual recovery, the outlook remained uncertain due to inflation caused by surging raw material and energy prices and the rapid depreciation of the yen.」
The company describes the easing of measures against the infection and the gradual recovery of economic activity, indicating a shift away from the direct impact on operating results previously caused by temporary closures and restrictions on activities. Meanwhile, uncertainty in the external environment remains. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company explains that there have been no material changes in its principal business and other risks, including operating restrictions and declining consumer sentiment resulting from the novel coronavirus disease. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company explains that there have been no material changes in its principal business and other risks, including operating restrictions and declining consumer sentiment resulting from the novel coronavirus disease. - FY2023-Q1RestatedAnnual report
「During the first quarter of the fiscal year under review, Japan's economy showed signs of recovery in economic activity as progress in COVID-19 vaccinations led to the easing of restrictions on movement. However, continued close attention to developments was necessary, and the economy remained in an uncertain situation.」
Although restrictions on activities have been eased and economic activity has shown signs of recovery, uncertainty in the external environment, including the novel coronavirus disease, continues. - FY2022MaterialisedAnnual report
「Although the novel coronavirus disease continues to exist, we believe that society will seek to coexist with it. If we are forced to take measures such as suspending operations depending on the spread of the infection, this could affect the business, financial position and operating results of our group.」
The infection continues, and the state of emergency in the first half and the spread of the infection and the intensive measures to prevent its spread in the fourth quarter actually affected customer traffic and orders received. - FY2022-Q3MaterialisedAnnual report
「For furisode sales and rental, although it was difficult to attract customers during the busy summer season due in part to the prolonged state of emergency and the insufficient impact of the digital shift in customer acquisition, customer visits increased through promotional campaigns from October onward, resulting in a 3.2% year-on-year increase in order intake.」
The prolonged state of emergency and the insufficient effect of the shift to digital actually affected customer traffic during the busy summer season. Meanwhile, the number of store visitors increased following promotional campaigns from October onward. - FY2022-Q2MaterialisedAnnual report
「For furisode sales and rental, although all stores had been temporarily closed from early April to late May in the previous fiscal year, the prolonged state of emergency and the insufficient impact of the digital shift in customer acquisition made it difficult to attract customers during the busy summer season, resulting in a 5.3% year-on-year decrease in order intake.」
The prolonged state of emergency actually affected customer traffic, and orders received for furisode fell 5.3% year on year even against a comparison that included the temporary closure of all stores in the previous fiscal year. - FY2021MaterialisedAnnual report
「In the fourth quarter, the declaration of a state of emergency led to a succession of cancellations or postponements of Coming-of-Age ceremonies across Japan. This resulted in costs associated with responding to cancelled or postponed Coming-of-Age ceremonies.」
Cancellations and postponements of Coming-of-Age ceremonies and the related response costs resulting from the declaration of a state of emergency were confirmed, indicating that the novel coronavirus disease's impact on operating results occurred over the full fiscal year. - FY2021-Q3MaterialisedAnnual report
「For furisode sales and rental, customer visits gradually improved from October, but the impact of temporary closures at the beginning of the fiscal year to prevent the spread of COVID-19 and requests to refrain from going out, particularly in urban areas during the busy summer season, was significant, resulting in a 42.6% year-on-year decrease in order intake.」
The effects of temporary closures and requests to refrain from going out continued, and orders received for furisode fell 42.6% year on year, indicating that the novel coronavirus disease's impact on operating results actually occurred. - FY2021-Q2MaterialisedAnnual report
「For furisode sales and rental, operations resumed in late May following temporary closures to prevent the spread of COVID-19, but the impact of requests to refrain from going out remained, particularly in urban areas during the busy summer season, resulting in a 49.2% year-on-year decrease in order intake.」
Although operations resumed after the temporary closures, the impact of requests to refrain from going out continued, and orders received for furisode sales and rentals fell 49.2% year on year, indicating that the infection's impact on operating results continued to occur in practice. - FY2021-Q1MaterialisedAnnual report
「For furisode sales and rental, order intake declined 60.1% year on year due to temporary store closures to prevent the spread of COVID-19.」
Temporary closures, declines in orders received and net sales, an operating loss, and an extraordinary loss of ¥376 million due to temporary closures and other factors arising from the novel coronavirus disease actually occurred. - FY2020First statedAnnual report
「Sales have declined as a result of lower consumer confidence caused by requests to refrain from going out and other measures to prevent the spread of COVID-19, as well as temporary business closures, and the timing of the end of the situation remains uncertain.」
The decline in consumer sentiment caused by requests to refrain from going out, temporary store closures and a decline in net sales have already occurred, and the uncertainty over the spread and containment of the infection is described as a new risk that could affect the business, financial position and operating results.