Impact of COVID-19 on consumer spending and business activity
First written in FY2021-Q3. 6 of 13 entries say "Mitigated", first in FY2023-Q2. Latest entry: FY2025.
The whole theme swung hardest in 2025: 7 of 24 companies on the "Worse" side.
20 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「If COVID-19 spreads again, the company may be affected in its financial condition, operating results and other areas by a decline in customer visits to businesses with physical locations, including customers and directly operated stores, inventory adjustments by customers, a decline in inbound demand, the spread of infections overseas, and disruptions to procurement from suppliers and subcontractors and to logistics.」
Although the impact of the pandemic's previous restrictions on activity has eased, the company reaffirms the potential business impact of a renewed spread of infections as a risk. - FY2024MitigatedAnnual report
「During the fiscal year under review, social and economic activity remained on a recovery trend as normalization progressed with the end of the COVID-19 pandemic, supported in part by expanding inbound demand.」
The company reaffirms that the end of the COVID-19 pandemic and normalization of economic activity reduced the impact of the previous restrictions on activity imposed because of the pandemic. - FY2024-Q2MitigatedAnnual report
「During the cumulative second quarter under review, social and economic activity remained on a recovery trend as normalization progressed with the end of the COVID-19 pandemic and inbound demand expanded.」
The company states that economic activity moved toward normalization as the COVID-19 pandemic subsided, reaffirming the reduced impact of the previous restrictions on activity imposed because of COVID-19. - FY2024-Q1MitigatedAnnual report
「During the cumulative first quarter under review, the Japanese economy entered a moderate recovery trend as economic activity normalized following the lifting of restrictions related to COVID-19.」
The company states that restrictions related to COVID-19 were lifted and economic activity moved toward normalization, reaffirming the reduced impact of the previous restrictions on activity. - FY2023MitigatedAnnual report
「During the fiscal year under review, the Japanese economy entered a moderate recovery trend as restrictions on activity were lifted following the reclassification of COVID-19 as a Class 5 disease.」
The company states that the reclassification of COVID-19 as a Class 5 disease and the lifting of restrictions on activity eased the previous restrictions on business activity imposed because of the pandemic. - FY2023-Q3MitigatedAnnual report
「During the cumulative third quarter under review, the Japanese economy showed signs of recovery in social and economic activity, owing to the easing of restrictions on activity related to COVID-19 and an increase in inbound demand.」
The company states that restrictions on activity related to COVID-19 were eased, with increased inbound demand and a recovery in social and economic activity. The impact of the pandemic's previous restrictions on activity diminished. - FY2023-Q2MitigatedAnnual report
「During the cumulative second quarter under review, the Japanese economy showed signs of recovery in social and economic activity, owing to the easing of restrictions on activity related to COVID-19 and an increase in inbound demand.」
The company states that social and economic activity showed signs of recovery as restrictions on activity were eased and inbound demand increased, indicating that the impact of pandemic-related restrictions on activity through the previous fiscal year had diminished. - FY2023-Q1RestatedAnnual report
「Although market conditions improved as restrictions on activity in the sports market, one of the company's strengths, were eased, the outlook remained uncertain due to the potential for a renewed spread of COVID-19, surging prices for energy resources such as crude oil and raw materials resulting from the prolonged situation involving Ukraine and Russia, and concerns over exchange-rate volatility, including the rapid depreciation of the yen.」
The company describes continued uncertainty, including the renewed spread of COVID-19, while noting that market conditions improved as restrictions on activity were eased. It states that there were no material changes in the business and other risks section. - FY2022RestatedAnnual report
「The scope and timing of the end of the COVID-19 pandemic remained uncertain. In businesses with physical locations, including the retail division's directly operated stores and the wholesale division's customer outlets, the company could be affected by a decline in customer visits resulting from store closures or shorter operating hours due to requests to refrain from going out and requests to suspend operations, as well as weak personal consumption caused by an economic downturn.」
Although restrictions on economic activity were eased, the company continues to describe uncertainty over the scope and timing of the end of the pandemic and the potential impact on stores and wholesale sales. - FY2022-Q3RestatedAnnual report
「Expectations for an improvement in market conditions rose as restrictions on going out were lifted and restrictions on activity in the sports market, one of the company's strengths, were eased. However, the rapid spread of the Omicron variant led to the issuance of priority preventive measures in areas across Japan, and economic activity was restricted again, resulting in continued challenging conditions.」
The company states that, although the spread of the Omicron variant and restrictions on economic activity continued, conditions began to recover after the priority preventive measures were lifted in March 2022. No new material changes were identified. - FY2022-Q2WorsenedAnnual report
「Expectations for an improvement in market conditions rose as restrictions on going out were lifted and restrictions on activity in the sports market, one of the company's strengths, were eased. However, the rapid spread of the Omicron variant led to the issuance of priority preventive measures in areas across Japan, and economic activity was restricted again, resulting in continued challenging conditions.」
The company states that the rapid spread of the Omicron variant and priority preventive measures restricted economic activity again. - FY2022-Q1WorsenedAnnual report
「Expectations for an improvement in market conditions rose as restrictions on going out were lifted and restrictions on activity in the sports market, one of the company's strengths, were eased. However, the spread of infections remained unabated worldwide amid the emergence of new variants, and the situation in Japan remained unpredictable, with the number of infections reaching a record high.」
Although restrictions on going out and sports activities were eased, the company states that infectious disease risks remained serious because of the emergence of new variants and record infection levels. - FY2021-Q3First statedAnnual report
「The company's business also remained in a challenging environment, as consumer activity slowed due to requests to refrain from going out, inbound purchases disappeared because of entry restrictions, and activity in the sports market, one of the company's strengths, was restricted.」
The company states that requests to refrain from going out, entry restrictions and restrictions on activity in the sports market affected the actual business environment.