Impact of COVID-19 on Store and Event Activities
First written in FY2020. 9 of 16 entries say "Restated". Latest entry: 2026-07-14.
Copa Corporation 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: 69 of 91 companies on the "Worse" side.
34 other companies' latest entry also says "Restated".
- FY2025-Q1MitigatedAnnual report
「During the cumulative first quarter, Japan's economy saw personal consumption move toward a gradual recovery, as real wages were expected to improve on the back of high wage increases while COVID-19 was being brought under control.」
The Company explained that personal consumption was on a gradual recovery trend as COVID-19 was being brought under control, indicating that restrictions on economic and sales activities arising from the disease were easing. However, it also disclosed that infection-control measures continued at DemoKau's physical stores. - FY2024MitigatedAnnual report
「With the reclassification of COVID-19 as a Category 5 infectious disease, restrictions on activities have been eased and the environment for demonstrators' activities is gradually improving.」
The disclosure states that the transition to Category 5 and the easing of activity restrictions have eased constraints on conventional store and event activities, and that the environment for demonstrators' activities is gradually recovering. - FY2024-Q3RestatedAnnual report
「There have been no material changes to the assumptions concerning the effects of the spread of COVID-19 stated in the annual securities report for the previous fiscal year.」
The Company states that there have been no material changes from the previous fiscal year to its accounting assumptions concerning the effects of the spread of COVID-19. - FY2024-Q1RestatedAnnual report
「There have been no material changes to the assumptions concerning the effects of the spread of COVID-19 stated in the annual securities report for the previous fiscal year.」
The Company states that there have been no material changes from the previous fiscal year to its accounting assumptions concerning the effects of the spread of COVID-19. - FY2023-Q3RestatedAnnual report
「The number of visitors has still not returned to pre-pandemic levels due to the spread of the Omicron variant, and sales consequently remained sluggish.」
Against the backdrop of the spread of the Omicron variant, visitor numbers at directly operated stores have not returned to pre-pandemic levels and weak sales have continued. - FY2023-Q2RestatedAnnual report
「The number of visitors has still not returned to pre-pandemic levels due to the spread of the Omicron variant, and sales consequently remained sluggish.」
The disclosure states that, against the backdrop of the spread of the Omicron variant, visitor numbers at directly operated stores have not returned to pre-pandemic levels and weak sales have continued. - FY2023-Q1RestatedAnnual report
「The number of visitors has still not returned to pre-pandemic levels due to the continuing spread of COVID-19, and sales consequently remained sluggish.」
The disclosure states that, due to the effects of COVID-19, visitor numbers at directly operated stores have not returned to pre-pandemic levels and weak sales have continued. - FY2022RestatedAnnual report
「The Company has also been affected in its results by reduced operating hours at stores involved in vendor sales and at DemoKau, as well as the suspension of activities, because demonstrators come into direct contact with consumers and business partners when conducting their activities.」
The disclosure states that the effects of COVID-19, including reduced store operating hours and the suspension of demonstrators' activities, continue. - FY2022-Q4RestatedAnnual report
「Although the effects of store closures and reduced operating hours at the Tokyo metropolitan-area DemoKau operation and certain business partners' stores, as well as the cancellation of various events, are expected to continue for the time being due to the emergence of new variants and other factors, the Company has prepared its accounting estimates, including the recoverability of deferred tax assets, on the assumption that these effects will continue at least through the end of the fiscal year ending February 2022.」
The disclosure continues to assume that, against the backdrop of the emergence of variants, the effects of store closures, reduced operating hours and cancelled events will continue at least through the end of the fiscal year ending February 2022. - FY2022-Q3RestatedAnnual report
「As the spread of COVID-19 continued, a state of emergency was declared on 7 April 2020, and the Company was affected by the closure or shortened operating hours of Demo Cow locations and some business partners' stores, as well as the cancellation of various events. A fourth declaration was issued in July 2021, and the impact of closures and shortened operating hours at Demo Cow locations in the Tokyo metropolitan area and some business partners' stores, as well as the cancellation of various events, is expected to continue for the time being. The Company has prepared accounting estimates, including the recoverability of deferred tax assets, on the assumption that these effects will continue at least through the end of the fiscal year ending February 2022.」
The effects of store closures, reduced operating hours and cancelled events, together with the assumption that they will continue at least through the end of the fiscal year ending February 2022, continue to be disclosed. - FY2022-Q2WorsenedAnnual report
「As the spread of COVID-19 continued, a state of emergency was declared on 7 April 2020, and the Company was affected by the closure or shortened operating hours of Demo Cow locations and some business partners' stores, as well as the cancellation of various events. A fourth declaration was issued in July 2021, and the impact of closures and shortened operating hours at Demo Cow locations in the Tokyo metropolitan area and some business partners' stores, as well as the cancellation of various events, is expected to continue for the time being. The Company has prepared accounting estimates, including the recoverability of deferred tax assets, on the assumption that these effects will continue at least through the end of the fiscal year ending February 2022.」
The effects of store closures, reduced operating hours and cancelled events have materialized, and, following the reference to the fourth state of emergency, the time horizon has been specified as an assumption that the effects will continue at least through the end of the fiscal year ending February 2022. - FY2021-Q4MaterialisedAnnual report
「Although the impact of the closure or shortened operating hours of Demo Cow locations and some business partners' stores, and the cancellation of various events, is expected to continue for the time being even after the nationwide state of emergency was lifted, the Company has prepared accounting estimates, including the recoverability of deferred tax assets, on the assumption that these effects will continue at least through the end of the current fiscal year.」
The Company is making accounting estimates on the assumption that the impact of store closures, shortened operating hours and event cancellations will continue at least through the end of the current fiscal year. - FY2021-Q2MaterialisedAnnual report
「The Company was affected by the closure or shortened operating hours of Demo Cow locations and some business partners' stores, as well as the cancellation of various events.」
The impact of COVID-19 from store closures, shortened operating hours and event cancellations had already occurred in the first quarter. In its accounting estimates, the Company assumes that the impact will continue at least through the end of the current fiscal year. - FY2020First statedAnnual report
「The Company was also affected by the closure of directly operated stores in vendor sales and Demo Cow operations. Product demonstrators come into direct contact with consumers and business partners in carrying out their activities, and the suspension of such activities has affected financial results.」
The impact of store closures and activity suspensions had already emerged during the current period. The Company explains that the impact on sales is currently limited, with television shopping accounting for 44.7% and internet sales for 23.5%.