Suspension of Operations and Decline in Sales Due to COVID-19, and Going-Concern Risk
First written in FY2020. 8 of 13 entries say "Restated". Latest entry: FY2025-H1.
1 other company's latest entry also says "Softened".
- FY2025-H1SoftenedAnnual report
「In the food service industry in which the Company operates, foot traffic has recovered further as social and economic activity normalises following the containment of COVID-19 and inbound demand expands with the increase in international visitors to Japan, and a gradual recovery trend has continued.」
The document describes the containment of COVID-19, the normalisation of social and economic activity and the recovery in foot traffic, indicating that the direct impact of the disease on operating restrictions and lower demand has weakened further. - FY2024SoftenedAnnual report
「For more than 3 years from 2020, the Japanese economy remained in a challenging operating environment due to the impact of COVID-19. However, after the disease was reclassified legally to Category 5 in May 2023 and various restrictions were lifted, the economy has continued on a gradual recovery trend as social and economic activity has progressively normalised.」
The direct impact of COVID-19 on operating restrictions and lower demand has weakened against a backdrop of the removal of various restrictions and the recovery in demand. It is described as part of the potential spread of infectious diseases associated with natural disasters and other events. - FY2024-Q3RestatedAnnual report
「During the cumulative third-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
The Company has maintained its determination that there are no new business or other risks and no material changes to the risks described in the previous fiscal year. - FY2024-Q2RestatedAnnual report
「During the cumulative second-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
The Company has maintained its determination that there are no new business or other risks and no material changes to the risks described in the previous fiscal year. It also describes the recovery in demand following the reclassification of COVID-19 to Category 5. - FY2024-Q1RestatedAnnual report
「During the cumulative first-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
The Company explicitly states that there are no new business or other risks and no material changes to the risks described in the previous fiscal year. In relation to infectious diseases, it also describes the recovery in demand following the reclassification to Category 5. - FY2023-Q3RestatedAnnual report
「In the food service industry in which the Company operates, foot traffic began to return as restrictions related to infection control were gradually eased, and signs of recovery emerged in business sentiment. However, successive waves of infection affected customer traffic, slowing the pace of recovery.」
The document states that foot traffic recovered as restrictions were eased, but waves of infection affected customer traffic and slowed the pace of recovery in business performance. It also continues to determine that there have been no material changes in business and other risks. - FY2023-Q2RestatedAnnual report
「In the food service industry in which the Company operates, as foot traffic began to return following the easing of restrictions on activities, signs of recovery emerged in business sentiment. However, from July onward, the renewed spread of infections caused by new variants led to stagnation, particularly in personal consumption, slowing the recovery in business performance.」
The document states that foot traffic recovered as restrictions on activities were eased, but the renewed spread of infections caused by new variants stagnated personal consumption and slowed the recovery in business performance. It also states that there were no material changes in business and other risks. - FY2022WorsenedAnnual report
「As a result, customer traffic declined and net sales fell substantially compared with before the COVID-19 pandemic, resulting in an operating loss of ¥1,083 million, an ordinary loss of ¥477 million and a net loss of ¥869 million. In addition, as of the end of the fiscal year, current liabilities of ¥5,835 million exceeded current assets of ¥3,192 million, creating circumstances that could raise significant doubts about the going concern assumption.」
The Company quantified the circumstances that could raise significant doubts about the going concern assumption by clearly reporting its operating, ordinary and net losses for the full year, as well as current liabilities exceeding current assets. At the same time, it has maintained its determination that no material uncertainty exists based on its measures. - FY2022-Q2RestatedAnnual report
「The Company expects customer traffic and other indicators to recover gradually, but restrictions on social and economic activity could be prolonged depending on the spread of infection, potentially causing concerns regarding cash flow. Circumstances therefore exist that could raise significant doubts about the going concern assumption. Based on these measures, the Company has determined that no material uncertainty exists regarding the going concern assumption.」
While continuing to recognise delays in the recovery of customer traffic and concerns about cash flow, the Company has maintained its determination that no material uncertainty exists regarding the going concern assumption through cash flow improvements, expense reviews and financing. - FY2022-Q1RestatedAnnual report
「The Company expects customer traffic and other indicators to recover gradually, but restrictions on social and economic activity could arise depending on the spread of infection and delay the recovery. As concerns have therefore arisen regarding cash flow, circumstances exist that could raise significant doubts about the going concern assumption. However, believing that stabilising its financial position is important to resolve these circumstances, the Company is working to improve cash flow, enhance profitability primarily by further reviewing capital investment and expenses, and improve its financial position. Based on these measures, the Company has determined that no material uncertainty exists regarding the going concern assumption.」
While continuing to recognise delays in the recovery of customer traffic and concerns about cash flow, the Company has maintained its determination that no material uncertainty exists regarding the going concern assumption based on measures including cash flow improvements and reviews of capital investment and expenses. - FY2021-Q3RestatedAnnual report
「Based on these measures, the Company has determined that no material uncertainty exists regarding the going concern assumption.」
Although temporary closures, delays in the recovery of customer traffic and concerns about cash flow have continued, the Company has maintained its determination that no material uncertainty exists regarding the going concern assumption based on measures including improvements to its financial position and financing. - FY2021-Q1MitigatedAnnual report
「After the state of emergency was lifted on 25 May, the Company resumed operations at all stores on 1 June. However, because it expected customer traffic and other areas to take some time to recover after reopening, concerns arose regarding cash flow and circumstances existed that could raise significant doubts about the going concern assumption. Based on these measures, the Company determined that no material uncertainty existed regarding the going concern assumption.」
Although business suspensions, delays in the recovery of customer traffic and concerns about cash flow have continued, the Company has determined that no material uncertainty exists regarding the going concern assumption based on measures including the resumption of operations, cash flow improvement, expense reviews and financing. - FY2020First statedAnnual report
「As the COVID-19 pandemic spread, the Company temporarily closed or suspended operations at all but some of its stores in response to the state of emergency declared by the Japanese government and requests from local governments to refrain from going out. As a result, customer traffic declined and net sales fell substantially in April and May 2020.」
Business restrictions, temporary closures and temporary suspension of operations due to COVID-19 actually occurred, causing customer traffic and net sales to fall substantially in April and May 2020. The Company also identified a material event concerning the going concern assumption due to concerns about cash flow.