Decline in customer visits and operating restrictions due to the spread of COVID-19
First written in FY2020. 8 of 17 entries say "Worsened", first in FY2021-Q2. Latest entry: FY2025.
Colowide 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: 80 of 105 companies on the "Worse" side.
41 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「There is a possibility that infectious diseases and other events could reduce opportunities to eat out, and that requests from government authorities could restrict store operations.」
The company continues to identify reduced opportunities to eat out due to infectious diseases and operating restrictions resulting from government requests as business risks. - FY2024MitigatedAnnual report
「Following the reclassification of COVID-19 as a Class 5 infectious disease, restrictions on activities were eased and social and economic activity gradually recovered.」
The shift to Class 5 infectious disease status and the easing of restrictions on activities weakened the impact of COVID-19-related operating restrictions and demand declines, and social and economic activity recovered, the company stated. - FY2024-Q2MitigatedAnnual report
「Following the reclassification of COVID-19 as a Class 5 infectious disease, restrictions on activities were eased and social and economic activity gradually recovered.」
The shift to Class 5 infectious disease status and the easing of restrictions on activities weakened the impact of COVID-19-related operating restrictions and demand declines, and social and economic activity recovered, the company stated. - FY2024-Q1MitigatedAnnual report
「Although factors causing declines in revenue, such as COVID-19-related restrictions on activities and weaker consumer sentiment, have eased and the industry as a whole is recovering,」
The company stated that the impact of COVID-19-related restrictions on activities and weaker consumer sentiment had eased and that the food service industry as a whole was recovering. However, the burden of lifestyle changes and higher costs remained. - FY2023MitigatedAnnual report
「Following the easing of restrictions on activities related to COVID-19, the economy showed signs of a gradual recovery, supported in part by the resumption of inbound tourism and the effects of policies such as the nationwide travel assistance program.」
Demand began to recover as restrictions on activities were eased and inbound tourism resumed, partially mitigating the impact of pandemic-related operating restrictions. However, the decline in banquet and late-night demand resulting from changes in lifestyles continued. - FY2023-Q3WorsenedAnnual report
「Revenue at existing stores has not returned to pre-pandemic levels due to the emergence of the eighth wave of COVID-19 in November and a substantial decline in foot traffic during late-night hours.」
The emergence of the eighth wave and the decline in late-night foot traffic have prolonged the situation in which revenue at existing stores has not returned to pre-pandemic levels. - FY2023-Q2WorsenedAnnual report
「In the food service industry, the seventh wave once again caused customer visits to decline. The consumer environment has become increasingly difficult as consumers have become more cost-conscious and selective in their spending. Although customer visits began to recover from late September as infections declined, they had still not returned to pre-pandemic levels overall,」
The seventh wave of infections caused customer visits to decline again. Although they began to recover from late September, revenue at existing stores had not returned to pre-pandemic levels. - FY2023-Q1WorsenedAnnual report
「In addition, the number of new COVID-19 cases had been trending upward since around June 2022, and the impact of the renewed spread of infections had intensified.」
The company stated that revenue at existing stores had not returned to pre-pandemic levels even after restrictions on activities were lifted, while new cases increased from around June and the impact of the renewed spread of infections intensified. - FY2022MitigatedAnnual report
「Although the number of people infected with COVID-19 is trending downward, a resurgence of operating restrictions due to the spread of COVID-19, increased self-restraint from eating out, or a tendency to shorten stays when visiting stores could affect the performance and financial position of the Group.」
While citing a downward trend in infections and improved profitability, the company stated that the risk of renewed operating restrictions, self-restraint from eating out, and shorter stays remained. - FY2022-Q3WorsenedAnnual report
「The outlook has again become uncertain due to the rapid global spread of infections involving the Omicron variant of COVID-19 since the end of the year and rising prices for imported raw materials.」
The company stated that the rapid spread of the Omicron variant had once again made the business environment uncertain after recovering following the lifting of operating restrictions. - FY2022-Q2WorsenedAnnual report
「Although we pursued the measures described above, revenue at existing stores has not returned to the level before the impact of COVID-19 became apparent, due to the continued implementation of store closures and reduced operating hours in response to requests to help contain the spread of COVID-19, as well as the impact of the fifth wave of COVID-19 during the summer.」
The company stated that revenue at existing stores had not returned to pre-pandemic levels due to the impact of the fifth wave and the continued closures and reduced operating hours. - FY2022-Q1MitigatedAnnual report
「Revenue at existing stores is recovering from the previous year, but has not returned to the level before the impact of COVID-19 became apparent.」
Closures and reduced operating hours due to the pandemic, as well as declining customer visits, have continued, but revenue at existing stores has begun to recover year on year and the impact has eased somewhat. - FY2021WorsenedAnnual report
「Although we pursued the measures described above, we were significantly affected by the negative impact of implementing a large number of store closures and reduced operating hours to help contain the spread of COVID-19.」
Infectious disease risks materialized as extensive closures and reduced operating hours, declines in customer traffic and revenue, and a full-year loss. - FY2021-Q3WorsenedAnnual report
「The third wave of COVID-19 led consumers to continue refraining from going out and working remotely, while reduced operating hours, reluctance to attend group meals and banquets, and the disappearance of demand for year-end parties caused customer traffic and sales at year-end, normally a busy period, to fall substantially below the year-earlier level not only in the izakaya-format business but also in the restaurant business, which had continued to perform relatively well.」
The third wave of COVID-19 led to self-restraint from going out, telework, reduced operating hours, reluctance to attend meals and banquets, and the disappearance of demand for year-end parties. The resulting decline in year-end customer traffic and sales spread from izakaya-format restaurants to restaurants as well. - FY2021-Q2WorsenedAnnual report
「During the second quarter of the current fiscal year, the second wave of COVID-19 also continued to suppress consumer outings, encourage telework, discourage group meals and banquets, and require reduced operating hours. As a result, customer traffic, particularly at urban izakaya-format restaurants, was substantially below the year-earlier level.」
The impact of COVID-19 continued as a second wave, and customer traffic, particularly at urban izakaya-format restaurants, was substantially below the year-earlier level due to self-restraint from going out, telework, reluctance to attend meals and banquets, and reduced operating hours. - FY2021-Q1MaterialisedAnnual report
「In the food service industry, the spread of COVID-19 forced restaurants to close or reduce their operating hours. Even after the state of emergency was lifted, seating capacity was reduced to maintain social distancing, while reluctance to go out and to attend group meals continued, resulting in a decline in customer visits.」
The company stated that COVID-19-related risks materialized as store closures, reduced operating hours, fewer seats, and declining customer visits, leading to deteriorating performance including FY2021-Q1 revenue of ¥30.481 billion and an operating loss of ¥6.450 billion. - FY2020First statedAnnual report
「As of the filing date, the state of emergency has been lifted, but the outlook remains difficult due to concerns about a second and third wave, among other factors, making it difficult to predict how long the stagnation in consumer activity will continue.」
COVID-19 was identified explicitly for the first time as a standalone business risk. The company described the decline in customer visits, temporary nationwide closures and reduced operating hours, and the potential long-term impact of a second and third wave on performance and financial position.