Impact of COVID-19 and Large-Scale Infectious Diseases on Stores, Factories and the Global Economy
First written in FY2020. 6 of 15 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2026RestatedAnnual report
「If a novel infectious disease or other illness becomes widespread around the world, making it difficult to operate stores or factories in the affected areas, or if the global economy slows sharply because of weaker personal consumption and stagnation in production and logistics, the Group's business performance may be affected.」
The company continues to identify as a risk the possibility that a major pandemic could affect store operations, factory operations, consumption, logistics and the global economy. - FY2024-Q3MitigatedAnnual report
「During the cumulative third quarter of the fiscal year, sales in the food service industry gradually recovered, supported by the recovery in foot traffic following the downgrading of COVID-19 to Category 5 and the increase in international visitors to Japan.」
The company stated that foot traffic and sales gradually recovered as COVID-19 was downgraded to Category 5 and the number of international visitors to Japan increased, indicating that the impact of the disease on the operating environment was improving. - FY2024-Q1MitigatedAnnual report
「Sales gradually recovered as the downgrading of COVID-19 to Category 5 and the increase in international visitors to Japan supported the recovery in foot traffic.」
The company continued to describe the possibility of temporary store closures and reduced operating hours because of COVID-19 as a business and other risk. Meanwhile, it explained that the operating environment during the quarter was improving as the disease was downgraded to Category 5 and foot traffic recovered. - FY2023MaterialisedAnnual report
「At overseas stores, sales in China fell below the previous period's level because of the significant impact of lockdowns, while sales in the United States recovered steadily and exceeded pre-pandemic levels.」
The impact of COVID-19 materialized as overseas store sales in China falling below the previous period's level because of lockdowns. Meanwhile, sales in the United States exceeded pre-pandemic levels. quantified=false, materialized=true. - FY2023-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the fiscal year. Although there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year, the Group's operating results may be affected by temporary store closures and reduced operating hours resulting from the spread of COVID-19 and other factors.」
While stating that there were no new risks or material changes to existing risks, the company continued to describe the possibility that COVID-19 could result in temporary store closures and reduced operating hours. quantified=false, materialized=true. - FY2023-Q2MaterialisedAnnual report
「Regarding overseas stores, sales fell sharply in China, which maintained its zero-COVID policy, because of prolonged lockdowns, while in the United States they remained above pre-pandemic levels, although conditions differed by country」
The impact of COVID-19 materialized in China in the form of prolonged lockdowns and a sharp decline in sales. Meanwhile, sales in the United States remained above pre-pandemic levels, and the company also described differences by country. - FY2023-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first quarter of the fiscal year. Although there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year, the Group's operating results may be affected by temporary store closures and reduced operating hours resulting from the spread of COVID-19 and other factors.」
The company stated that there were no new risks or material changes to existing risks, while continuing to describe the possibility that COVID-19 could result in temporary store closures and reduced operating hours. - FY2022RestatedAnnual report
「If a novel infectious disease or other illness becomes widespread around the world, making it difficult to operate stores or factories in the affected areas, or if the global economy slows sharply because of weaker personal consumption and stagnation in production and logistics, the Group's business performance may be affected.」
The company continues to identify as a risk the possibility that a major pandemic could affect store operations, factory operations, consumption, logistics and the global economy. - FY2022-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the fiscal year. Although there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year, the Group's operating results may be affected by temporary store closures and reduced operating hours resulting from the spread of COVID-19 and other factors.」
The company stated that there were no new risks or material changes to existing risks, while continuing to describe the possibility that COVID-19 could result in temporary store closures and reduced operating hours. - FY2022-Q2Updated the impact of the pandemic and recovery status by regionAnnual report
「Conditions improved year on year in the United States and East Asia, including China and South Korea. In Southeast Asia, the United Kingdom and India, however, there were periods when operations were not possible because of strict government restrictions and other factors, and recovery remained uneven by region, with some areas below the previous year's levels.」
The company stated that conditions improved in the United States and East Asia, while restrictions imposed by governments resulted in periods when operations were not possible in Southeast Asia, the United Kingdom, India and other areas, leading to differences in recovery by region. - FY2022-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first quarter of the fiscal year. Although there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year, the Group's operating results may be affected by temporary store closures and reduced operating hours resulting from the spread of COVID-19 and other factors.」
The company stated that there were no new risks or material changes to existing risks, while continuing to describe the possibility that COVID-19 could result in temporary store closures and reduced operating hours. - FY2021-Q3WorsenedAnnual report
「No new business or other risks arose during the cumulative third quarter of the fiscal year. Although there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year, the Group's operating results may be affected by temporary store closures and reduced operating hours resulting from the spread of COVID-19 and other factors.」
While stating that there were no new risks, the company reported that infections had resurged in Japan and overseas and that the impact of store closures and reduced operating hours continued. During the cumulative third quarter of the fiscal year, revenue fell 14.0% year on year, operating income fell 53.5%, ordinary income fell 46.5%, and net income attributable to owners of the parent fell 47.6%, quantifying the impact. - FY2021-Q2WorsenedAnnual report
「No new business or other risks arose during the cumulative second quarter of the fiscal year. Although there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year, the Group's operating results may be affected by temporary store closures and reduced operating hours resulting from the spread of COVID-19 and other factors.」
While stating that there were no new risks, the company reported that the impact of COVID-19 continued in the form of temporary store closures and reduced operating hours. Revenue fell 16.4% year on year, operating income fell 64.3%, and ordinary income fell 59.9%, quantifying the impact. - FY2021-Q1WorsenedAnnual report
「Domestic stores shortened their operating hours or temporarily closed from early April 2020 in response to requests from certain local governments and other measures, but from early May 2020 they gradually extended their operating hours while taking the circumstances of individual stores into account. Overseas stores also shortened their operating hours or temporarily closed. Conditions varied by country, but in China operating hours were gradually extended from March 2020, and by May 2020 approximately all stores had resumed operations.」
The impact of COVID-19 materialized in the form of temporary closures and reduced operating hours at domestic and overseas stores. Same-store sales in Japan fell 18.5% year on year, same-store sales overseas fell 37.7%, and operating income fell 78.5%, quantifying the impact. Meanwhile, approximately all stores in China had resumed operations by May 2020. - FY2020MaterialisedAnnual report
「If a novel infectious disease or other illness becomes widespread around the world, making it difficult to operate stores or factories in the affected areas, or if the global economy slows sharply because of weaker personal consumption and stagnation in production and logistics, the Group's business performance may be affected.」
Newly identifies large-scale infectious diseases as a business risk. The operating environment section describes the effects of COVID-19 in the form of increased calls for self-restraint and weaker inbound demand, indicating that the impact had materialized in the economic and consumption environment.