Impact of COVID-19 on Demand and Business Performance in the Food-Service Sector
First written in FY2020. 7 of 18 entries say "Worsened", first in FY2021-Q1. Latest entry: FY2026.
Micreed 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 2025: 6 of 13 companies on the "Worse" side.
12 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Although COVID-19 itself has subsided, there is a risk that the Company's results could be materially affected if a new infectious disease or other condition spreads in the future and restrictions are placed on restaurant operations or on the activities of the general public.」
The disclosure continues to state that COVID-19 itself has subsided and to generalize the remaining risks to restrictions on operations and public activity resulting from a new infectious disease or other condition. - FY2024MitigatedAnnual report
「Although COVID-19 itself has subsided, there is a risk that the Company's results could be materially affected if a new infectious disease or other condition spreads in the future and restrictions are placed on restaurant operations or on the activities of the general public.」
The disclosure states that COVID-19 itself has subsided and that its previous direct effects have eased. At the same time, it generalizes the remaining risks to restrictions on operations and public activity resulting from a new infectious disease or other condition. No quantification is provided, but it explains that the effects of COVID-19 did occur in the past. - FY2024-Q3RestatedAnnual report
「In the food-service industry, foot traffic trended upward, following the decision in March 2023 to leave mask-wearing to individual discretion and the reclassification of COVID-19 as a Class 5 infectious disease in May 2023, among other factors. In addition, demand for banquets, including year-end parties, has recently been showing signs of recovery. At the same time, restaurants have faced rising raw-material prices and utility costs, increasingly severe labor shortages, and changes in consumer behavior resulting from the impact of COVID-19.」
While describing increased foot traffic and the recovery in demand for banquets following the transition to Class 5, the disclosure also explains that changes in consumer behavior remain, continuing to identify risks associated with changes in the business environment after COVID-19. - FY2024-Q2RestatedAnnual report
「As COVID-19 was reclassified as a Class 5 infectious disease, economic and social activity gradually returned to normal. In the food-service industry, foot traffic has been trending upward and inbound demand has recovered, following the decision in March 2023 to leave mask-wearing to individual discretion and the reclassification of COVID-19 as a Class 5 infectious disease in May 2023, among other factors. At the same time, restaurants have faced rising raw-material prices and utility costs, increasingly severe labor shortages, and changes in consumer behavior resulting from the impact of COVID-19.」
The disclosure describes the normalization of economic and social activity, increased foot traffic, and the recovery in inbound demand following the transition to Class 5. It continues to explain that changes in consumer behavior remain. - FY2024-Q1MitigatedAnnual report
「COVID-19 was reclassified as a Category V infectious disease, and economic and social activity gradually normalized.」
The company describes the transition of COVID-19 to Category V and the normalization of economic and social activity, indicating that the direct impact of previous activity restrictions and other measures had eased. However, it states that changes in consumer behavior remain. - FY2023ReframedAnnual report
「Since fiscal 2020, the domestic economy has been significantly affected by the spread of COVID-19 and the resulting declarations of a state of emergency, requests for restaurants to suspend operations or reduce their hours, and requests for the general public to refrain from going out. Although the COVID-19 pandemic is moving toward containment, there is a risk that the company's results will be materially affected if a new infectious disease or other condition spreads in the future and restricts restaurant operations or the activities of the general public.」
The company explains that the existing impact of COVID-19 is moving toward containment, while generalizing future risks to operating and activity restrictions resulting from new infectious diseases and other causes. - FY2023-Q3RestatedAnnual report
「Since fiscal 2020, restaurants have been significantly affected by requests to suspend operations or reduce hours and requests to refrain from serving alcoholic beverages following declarations of a state of emergency and the Priority Preventive Measures to Prevent the Spread of Disease in response to the spread of COVID-19, materially affecting the company's results because its customers are restaurants. Although economic and social activity gradually normalized in fiscal 2022, the company's results may be materially affected if the impact of COVID-19 lasts longer than expected and causes further deterioration in the economic environment, or if the post-COVID-19 business environment changes significantly.」
Although economic and social activity normalized and results recovered during the quarter, the company continues to describe earnings risks from prolonged effects of infectious diseases and changes in the post-COVID-19 business environment. It states that there were no material changes in the Risks Related to the Business section. - FY2023-Q2WorsenedAnnual report
「In the restaurant industry, customer traffic showed signs of recovery after the Priority Preventive Measures to Prevent the Spread of Disease were lifted in March 2022, but the industry was again affected by the seventh wave of COVID-19 infections from late July 2022.」
The company explains that customer traffic showed signs of recovery after restrictions on activities were lifted, but that it was again affected by the seventh wave from late July 2022, indicating a renewed expansion of the impact of COVID-19. It states that there were no material changes in the Risks Related to the Business section. The risk event has in fact occurred. - FY2023-Q1WorsenedAnnual report
「Customer traffic showed signs of recovery after the Priority Preventive Measures to Prevent the Spread of Disease were lifted in March 2022, but the number of new COVID-19 cases has recently started to increase again, leaving the situation uncertain.」
Although restaurant customer traffic recovered after restrictions on activities were lifted, the number of new infections began to rise again, and the company continues to remain alert to the possibility of a renewed expansion of the impact of COVID-19. - FY2022RestatedAnnual report
「There is a risk that the company's results will be materially affected if COVID-19 spreads again and causes further deterioration in the operating environment, or if the business environment after COVID-19 changes significantly.」
The company continues to describe earnings risks from a resurgence of infections, deterioration in the operating environment and changes in the post-COVID-19 business environment. - FY2022-Q3WorsenedAnnual report
「Although sales and profit were recovering after October 2021 following the lifting of declarations of a state of emergency and various requests, the spread of COVID-19 entered a new phase from January 2022.」
Sales and profit recovered after October 2021, but a new phase of infection spread began in January 2022, and uncertainty about the outlook continued. The company states that the risk from COVID-19 had increased again. - FY2022-Q2WorsenedAnnual report
「Restaurants were significantly affected by the declaration of a state of emergency in response to the spread of COVID-19, requests for restaurants to suspend operations or reduce their hours, and requests to refrain from serving alcoholic beverages, materially affecting the company's results because its customers are restaurants. As a result, revenue for the cumulative second-quarter period was ¥1,239 million, down 4.7% year on year, operating loss was ¥82 million, compared with an operating loss of ¥82 million in the same period of the previous year, ordinary loss was ¥80 million, compared with an ordinary loss of ¥76 million, and quarterly net loss was ¥52 million, compared with a quarterly net loss of ¥49 million.」
The impact on restaurant demand from declarations of a state of emergency and other measures continued, and revenue as a percentage of the same month of the previous year from June onward was 90.8%, 91.2%, 72.1% and 69.5%, below the previous year. Revenue for the cumulative second quarter was also down 4.7% year on year, indicating a deterioration in the impact on earnings after the improvement trend in the previous quarter. - FY2022-Q1RestatedAnnual report
「The company remained in an extremely difficult environment due to the spread of COVID-19 and requests for restaurants to suspend operations or reduce their hours under declarations of a state of emergency and the Priority Preventive Measures to Prevent the Spread of Disease.」
The company explains that the impact of COVID-19 and requests for restaurants to suspend operations or reduce their hours continued to affect earnings. Meanwhile, first-quarter revenue was ¥623 million, up 22.6% year on year, and the operating loss was ¥36 million, an improvement from the same period of the previous year. However, June revenue was down 9.2% year on year, and the company continues to disclose the possibility of effects on earnings from prolonged impact and changes in the operating environment. - FY2021WorsenedAnnual report
「The company's revenue also fell sharply as restaurants suspended operations or substantially reduced their operating levels in response to the spread of COVID-19.」
The impact of COVID-19 continued throughout the year, with revenue of ¥2,782 million, down 31.7% from the previous fiscal year, an operating loss of ¥127 million and a net loss of ¥85 million. The company continues to identify three declarations of a state of emergency and the resurgence and prolongation of infections as the greatest risks. - FY2021-Q3WorsenedAnnual report
「The spread of COVID-19 and the resulting declarations of a state of emergency, requests for people to refrain from going out and requests for businesses to suspend operations significantly worsened the company's operating results.」
The spread of infections resumed from November, and another declaration of a state of emergency was issued in January. Revenue for the cumulative third-quarter period was down 31.5% year on year and the operating loss was ¥72 million, while monthly revenue as a percentage of the same month of the previous year fell to 69.1% in December. - FY2021-Q2RestatedAnnual report
「The amount customers purchased from the company each month had not returned to the previous year's level, and sales recovery temporarily weakened in August due in part to requests to refrain from travel and visiting family and to refrain from serving alcoholic beverages after 22:00 in Tokyo.」
The impact of COVID-19 continued, with revenue of ¥1,299 million during the cumulative second-quarter period, down 37.7% year on year, and an operating loss of ¥82 million. Meanwhile, monthly revenue as a percentage of the same month of the previous year recovered from 32.8% in April to 81.3% in September. - FY2021-Q1WorsenedAnnual report
「The spread of COVID-19 and the resulting declarations of a state of emergency, requests for people to refrain from going out and requests for businesses to suspend operations significantly worsened the company's operating results.」
The impact of COVID-19 continued into the first quarter, with revenue down 50.8% year on year and an operating loss of ¥66 million. Although the company describes a recovery trend in the near term, it continues to disclose the possibility of effects from further spread or prolongation of infections and requests for businesses to suspend operations. - FY2020MaterialisedAnnual report
「The spread of COVID-19 and the resulting requests for people to refrain from going out and for businesses to suspend operations brought about an unprecedented crisis.」
The company explains that sales fell sharply in March 2020, causing a temporary deterioration in sales and profit. It identifies prolonged effects and a resurgence as the greatest risks.