Risk of business impacts from the spread of COVID-19
First written in FY2020-Q2. 5 of 16 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024ReframedAnnual report
「Going forward, outbreaks of new infectious diseases and other events could lead to shortened store operating hours, temporary store closures and reduced customer traffic as people refrain from going out. Personal consumption could stagnate and supplies of raw materials and other items could be delayed, potentially affecting the company's financial position and operating results. In addition, the company produces some of the ingredients and other items used daily at its stores at the Toyokawa Plant (central kitchen) in Toyokawa, Aichi Prefecture. If employees become infected and this disrupts production activities or the supply of ingredients and other items to stores, the company's financial position and operating results could be affected.」
The company reorganized the disclosure from its previous focus on the actual impact of COVID-19 to the future risk of outbreaks of new infectious diseases and other events. It also explicitly stated the possibility that an outbreak at the Toyokawa Plant could halt production and supplies. - FY2024-Q2MitigatedAnnual report
「During the cumulative first six months of the current fiscal year, Japan's economy saw progress toward the normalization of social and economic activity as the impact of COVID-19 subsided. Consumer sentiment improved, and signs of a gradual recovery in the economy also emerged.」
The company stated that the impact of COVID-19 had subsided and that the normalization of social and economic activity and improvement in consumer sentiment had progressed. - FY2023MitigatedAnnual report
「The reclassification of COVID-19 to Category 5 under Japan's Infectious Diseases Control Law and the end of border control measures, including entry restrictions, increased the flow of people, and personal consumption sentiment showed a recovery trend.」
The company stated that restrictions on operations and weak demand related to infectious diseases eased following the reclassification to Category 5, the end of border control measures and increased mobility. However, the risks themselves, including shortened operating hours and supply delays during an infectious disease outbreak, remain on the risk list. - FY2023-Q3WorsenedAnnual report
「The food service industry was intermittently affected by the seventh and eighth waves of COVID-19, and customer traffic declined.」
The company stated that customer traffic declined as a result of the eighth wave in addition to the seventh wave, indicating that the impact of infectious diseases continued to be reflected in operating performance. - FY2023-Q2WorsenedAnnual report
「The food service industry was intermittently affected by the seventh and eighth waves of COVID-19, and customer traffic declined.」
The company stated that the impact of infectious diseases, including the eighth wave, continued intermittently and that customer traffic declined. - FY2023-Q1WorsenedAnnual report
「In the food service industry, the number of COVID-19 cases surged during the seventh wave, and customer traffic declined again.」
The company stated that customer traffic had begun to decline again as the number of COVID-19 cases surged during the seventh wave. - FY2022RestatedAnnual report
「Depending on the spread and expansion of COVID-19 and other infectious diseases, the company may be required to shorten store operating hours or temporarily close stores. Customer traffic may decline as people refrain from going out, while personal consumption may stagnate and supplies of raw materials and other items may be delayed, potentially affecting the company's financial position and operating results.」
The company continues to disclose risks related to the impact of infectious diseases on operating hours, customer traffic, consumption and supply. - FY2022-Q3RestatedAnnual report
「In the food service industry, customer traffic remained sluggish amid restrictions imposed by the government and local authorities, including shortened operating hours and a ban on serving alcoholic beverages. Even after these restrictions were lifted, people continued to refrain from holding large group banquets.」
Shortened operating hours and bans on serving alcoholic beverages, people refraining from holding large group banquets, and sluggish customer traffic have continued amid the pandemic. - FY2022-Q2RestatedAnnual report
「In the food service industry, customer traffic remained sluggish due to requests from the government and local authorities to shorten operating hours and prohibit the serving of alcoholic beverages, as well as the effects of prolonged rainy weather and snowfall nationwide. In addition, lifestyle changes during the COVID-19 pandemic have accelerated the shift from dining out to takeout and eating at home, and the outlook remains uncertain.」
Customer traffic remains sluggish due to requests to shorten operating hours and prohibit the serving of alcoholic beverages, weather conditions, and the shift from dining out to takeout and eating at home. - FY2022-Q1WorsenedAnnual report
「In the food service industry, customer traffic remained sluggish due to requests from the government and local authorities to shorten operating hours and prohibit the serving of alcoholic beverages, as well as the effects of prolonged rainy weather nationwide.」
While stating that there had been no material changes to the business and other risks themselves, the company reported that requests to shorten operating hours and prohibit the serving of alcoholic beverages continued this quarter, as did sluggish customer traffic. - FY2021-Q3RestatedAnnual report
「The food service industry remains in a difficult situation, as the government and local authorities have requested that people refrain from going out and that businesses shorten their operating hours in response to the declaration of a state of emergency and other measures, causing demand for dining out to fall sharply.」
People continue to be asked to refrain from going out and businesses to shorten their operating hours due to COVID-19, while demand for dining out remains sharply depressed. The company states that there have been no material changes to its business and other risks. - FY2021-Q2WorsenedAnnual report
「Conditions in the food-service industry remain challenging, as the spread of the third wave of infections led to requests for shorter operating hours in some regions and a substantial decline in demand for eating out.」
With the third wave of COVID-19, requests to shorten business hours and a sharp decline in demand for dining out have emerged, and the impact is continuing and intensifying. - FY2021-Q1RestatedAnnual report
「Although sales in the food-service industry have gradually shown signs of recovery, conditions remain challenging due to the decline in group dining and banquets and the reduction in seating capacity to ensure social distancing.」
The impact of fewer group dining occasions and reduced seating capacity due to the infectious disease continues. The quarterly report states that there were no material changes to business and other risks. - FY2020MaterialisedAnnual report
「Although business remained firm through the second quarter, the Company was significantly affected by the subsequent spread of COVID-19, including through shorter store operating hours and a decline in customer numbers due to the sharp drop in demand for eating out.」
The infectious-disease risks anticipated as of the quarter-end, including shorter operating hours, fewer customers and a sharp decline in demand for eating out, actually affected full-year performance, resulting in lower sales, lower profit and a net loss for the period. - FY2020-Q3MaterialisedAnnual report
「Depending on the spread of COVID-19, the Company expects shorter store operating hours, temporary closures, fewer customers due to requests to refrain from going out, sluggish personal consumption and delays in the supply of raw materials and other items, any of which may affect the Company's financial condition and operating results.」
The Company stated that the effects of shorter operating hours, temporary closures and fewer customers had already emerged. It also expressly stated that infections among central kitchen employees could disrupt production activities and the supply of food ingredients to stores. - FY2020-Q2First statedAnnual report
「In addition, concerns remain about the impact of weaker consumer sentiment due to the consumption tax increase and the spread of COVID-19, and the situation remains difficult to predict.」
While stating that there had been no material changes to business and other risks, the Company expressed specific concern about the impact of the spread of COVID-19 and said it would continue to monitor the situation closely.