Impact of the Spread of COVID-19 on Stores and Overseas Business
First written in FY2021-Q1. 5 of 15 entries say "Mitigated", first in FY2022-Q2. Latest entry: FY2024-Q3.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024-Q3MitigatedAnnual report
「In China, consumption of contact-lens-related products, including orthokeratology lenses and care products, has shown signs of recovery as the impact of COVID-19 has eased. However, market growth has slowed due to the effects of economic stagnation.」
In China, consumption of contact-lens-related products began to recover as the impact of infectious disease eased, and the impact of infectious disease on demand and business activities shifted toward easing from the previous quarter. - FY2024-Q2MitigatedAnnual report
「In China, consumption of contact-lens-related products also showed signs of recovery as the impact of COVID-19 eased.」
In China, consumption of contact-lens-related products began to recover as the impact of infectious disease eased, indicating that the impact seen through the previous quarter had begun to abate. - FY2024-Q1Impact of the spread of infection in China and signs of easingAnnual report
「In China, economic activity stagnated and consumption of contact-lens-related products declined due to the impact of the spread of COVID-19 following the effective lifting of the zero-COVID policy. However, signs of easing were seen in the impact on sales of orthokeratology lenses and care products.」
In China, the spread of infection after the lifting of the zero-COVID policy actually caused economic activity to stagnate and consumption to decline, while signs of easing emerged in the impact on core products. - FY2023SoftenedAnnual report
「If a new infectious disease with a significant impact on the global economy spreads worldwide and regulations such as travel and stay-at-home restrictions are strengthened, consumers' range of movement and opportunities are expected to shrink, affecting demand.」
The disclosure shifted from specific restrictions on stores and overseas activities due to COVID-19 to a description of future risks related to new infectious diseases in general. - FY2023-Q3Sales in China remained firm even under the zero-COVID policy.Annual report
「In China, sales and logistics operations were constrained by the impact of the zero-COVID policy, particularly in urban areas, but we pursued sales activities while implementing infection-control measures under those conditions. As a result, sales of our core products, orthokeratology lenses and care products, continued to perform solidly.」
Although sales and logistics constraints continued in China under the zero-COVID policy, operations continued with infection-prevention measures in place, and sales of core products remained firm. - FY2023-Q2The impact of infectious disease eased, with regional variations.Annual report
「In China, sales and logistics functions were constrained by the lockdown in Shanghai, the country's largest city. However, the company continued its operating activities while implementing infection-prevention measures under these conditions. As a result, sales of its core orthokeratology lenses and care products remained firm.」
While the impact of infectious disease became more limited globally, sales and logistics constraints arose in China due to the Shanghai lockdown. However, operations continued with infection-prevention measures in place, and sales of core products remained firm. - FY2023-Q1MitigatedAnnual report
「In Europe, restrictions related to COVID-19 were eased, and sales of daily disposable contact lenses and care products have been recovering as economic activity resumed.」
In Europe, the easing of infectious-disease-related restrictions and the resumption of economic activity progressed, and sales of daily disposable lenses and care products began to recover. - FY2022MitigatedAnnual report
「Although the impact of COVID-19 remained in Japan's contact lens market, the market continued to recover steadily.」
Although the impact of infectious disease remained, the domestic market recovered, and the impact on business activities, including overseas operations, was described as easing from the previous period. However, the risk of a renewed spread due to variants and other factors remains. - FY2022-Q3WorsenedAnnual report
「In Europe, operating activities were affected by the spread of COVID-19 in December, but a steady recovery has been maintained.」
The disclosure stated that the resurgence of infectious disease had actually affected operating activities in Europe, with risks becoming tangible again in some regions after restrictions on activity had eased in the previous quarter. - FY2022-Q2MitigatedAnnual report
「In Japan, economic activity was restricted by the increase in COVID-19 cases. However, as vaccinations progressed rapidly nationwide, the state of emergency was lifted across Japan at the end of September, and economic activity is expected to recover going forward.」
Although restrictions on economic activity due to rising infections remained, the impact on domestic activity and demand was described as easing from the previous quarter following progress in vaccinations and the nationwide lifting of the state of emergency at the end of September. - FY2022-Q1WorsenedAnnual report
「Variants of COVID-19 are spreading both in Japan and overseas, and market conditions remain uncertain. In Japan, a state of emergency was reissued in major metropolitan areas, followed by a transition to priority preventive measures after the declaration ended, and restrictions on people's movement and economic activity have continued.」
The risk of infectious disease affecting stores, customer behavior and demand has continued and become more tangible due to the spread of variants and domestic declarations of a state of emergency. - FY2021RestatedAnnual report
「The global spread of COVID-19 is expected to reduce consumers' range of movement and opportunities to shop as a result of requests to refrain from going out to prevent the spread of infection, affecting demand.」
The impact of prolonged COVID-19 on demand and business activities in Japan and overseas remains a major risk. - FY2021-Q3RestatedAnnual report
「In Japan, following the issuance of a state of emergency by the Japanese government in response to the spread of COVID-19, the Company has responded by temporarily closing some stores and shortening business hours. Restrictions on going out to prevent the spread of infection have reduced consumers' range of movement and opportunities to shop, and demand is expected to stagnate. Overseas, business activity in China is on a recovery trend, but restrictions on movement in Europe, the United States and other regions are limiting the Company's business activities. Depending on regulations imposed by the governments of individual countries, the recovery in sales may be affected.」
The Company explained that store closures and shortened business hours in Japan and restrictions on business activities due to movement restrictions in Europe, the United States and elsewhere continue, while China is on a recovery trend. - FY2021-Q2WorsenedAnnual report
「In Japan, following the issuance of a state of emergency by the Japanese government, the Company has responded by temporarily closing some stores and shortening business hours. Restrictions on going out to prevent the spread of infection have reduced consumers' range of movement and opportunities to shop, and demand is expected to stagnate. Overseas, business activity in China is on a recovery trend, but restrictions on movement in Europe, the United States and other regions have limited the Company's business activities. Depending on regulations imposed by the governments of individual countries, the recovery in sales may be affected. If the spread of infection does not begin to subside in Japan and other major countries overseas and continues to expand for an extended period, the Group's operating performance and financial position may be affected.」
While store closures and shortened business hours in Japan and restrictions on overseas business activities continue, the Company explicitly stated that the spread and prolongation of infections could affect operations, making the continuing and prolonged COVID-19 risk more specific. - FY2021-Q1First statedAnnual report
「In Japan, following the issuance of a state of emergency by the Japanese government, the Company has responded by temporarily closing some stores and shortening business hours. Restrictions on going out to prevent the spread of infection have reduced consumers' range of movement and opportunities to shop, and demand is expected to stagnate. Overseas, business activity in China is on a recovery trend, but restrictions on movement in Europe, the United States and other regions are limiting the Company's business activities. Depending on regulations imposed by the governments of individual countries, the recovery in sales may be affected.」
The Company disclosed as a new risk the potential impact on operating performance and financial position if the effects of COVID-19, including temporary store closures and shortened business hours in Japan, reduced consumer activity and restrictions on overseas business activities, persist.