Risk of Store Closures, Declining Sales and Supply Delays Due to COVID-19
First written in FY2020-Q2. 5 of 13 entries say "Restated". Latest entry: FY2025.
Mtg 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: 78 of 102 companies on the "Worse" side.
15 other companies' latest entry also says "Dropped".
- FY2025DroppedAnnual reportStore closures, travel restrictions, declining sales and supply delays resulting from COVID-19 are not listed as separate major risks.
- FY2024-Q1MitigatedAnnual report
「During the three-month period ended in the first quarter of the current consolidated fiscal year, Japan's economy remained uncertain. While socioeconomic activity was moving toward normalization as the impact of COVID-19 eased, global resource prices rose against the backdrop of monetary policy and other factors, exchange rates fluctuated sharply and prices rose, while geopolitical instability also continued.」
The company described the easing of the impact of COVID-19 and progress toward normalization of social and economic activity, stating that the previous impact, centered on store closures and restrictions on activities, continued to ease. - FY2023-Q3MitigatedAnnual report
「However, in light of the easing of restrictions on activities and entry restrictions and the reclassification of COVID-19 as a Class 5 infectious disease, the company changed its assumption for its accounting estimates to one that the impact of COVID-19 would become limited.」
In light of the easing of restrictions on activities and entry restrictions and the reclassification of COVID-19 as a Class 5 infectious disease, the company changed its assumption to one that the impact of the infectious disease would become limited. - FY2023-Q2MitigatedAnnual report
「During the six-month period ended the second quarter, Japan's economy was moving toward normalization of social and economic activity as the impact of COVID-19 eased. However, the global surge in resource prices against the backdrop of monetary policy and other factors, rapid fluctuations in foreign exchange rates, rising prices and continued geopolitical instability have left the outlook highly uncertain.」
The company indicated that the impact of COVID-19 was easing and that social and economic activity was moving toward normalization, and stated that the impact had eased in part from the previous focus on store closures and restrictions on activities. Meanwhile, uncertainty in other aspects of the external environment continues. - FY2022RestatedAnnual report
「Economic activity has been significantly affected by store closures associated with the spread of COVID-19 and global restrictions on international travel, and our group expects these conditions to continue throughout the following consolidated fiscal year.」
The company has reaffirmed its assumption that the impact of COVID-19, including store closures and restrictions on international travel, will continue into the following consolidated fiscal year. - FY2022-Q3RestatedAnnual report
「During the nine-month period ended in the third quarter of the current consolidated fiscal year, Japan's economy remained uncertain. Although the number of COVID-19 cases was declining as vaccination became more widespread, geopolitical instability continued.」
Continued to disclose an uncertain outlook, including COVID-19 and the geopolitical situation, while stating that the number of cases was trending downward. - FY2022-Q2RestatedAnnual report
「During the first 2 quarters of the current fiscal year, Japan's economy remained uncertain. The number of cases, which had been declining as vaccination spread, began to rise again due to the emergence of new variants, while geopolitical instability also continued.」
Continued to disclose uncertainty related to COVID-19, including the shift from declining cases after vaccination to rising cases due to new variants. - FY2021-Q3RestatedAnnual report
「The number of COVID-19 cases has begun to rise again, particularly in urban areas. Although normalization of economic activity is expected as vaccination progresses, because the timing of the end of the disease and the scope of its impact are unknown, it is difficult to reasonably calculate its effects on our financial position, operating results and cash flows after the end of the third quarter, and we will continue to monitor developments.」
Continued to disclose the renewed increase in cases and uncertainty regarding the scope of the impact, while adding expectations for economic normalization through vaccination. - FY2021-Q2RestatedAnnual report
「The number of COVID-19 cases has begun to rise again, particularly in urban areas. Because the timing of the end of the disease and the scope of its impact are unknown, it is difficult to reasonably calculate its effects on our financial position, operating results and cash flows after the end of the second quarter, and we will continue to monitor developments.」
Continued to disclose the renewed increase in cases, particularly in urban areas, and uncertainty regarding the timing of the end of COVID-19 and the scope of its impact. - FY2021-Q1WorsenedAnnual report
「The number of COVID-19 cases has begun to rise again, particularly in urban areas. Because the timing of the end of the disease and the scope of its impact are unknown, it is difficult to reasonably calculate its effects on our financial position, operating results and cash flows after the end of the first quarter, and we will continue to monitor developments.」
Continued to disclose uncertainty regarding the scope and timing of the end of the COVID-19 impact, citing the renewed upward trend in cases, particularly in urban areas. - FY2020WorsenedAnnual report
「Our group expects these conditions to continue throughout the 1-year period of the following consolidated fiscal year.」
In light of store closures, overseas travel restrictions and the impact on logistics and production systems caused by COVID-19, we extended the assumed period of continuing effects from the end of September 2020 to the 1-year period of the following consolidated fiscal year. - FY2020-Q3WorsenedAnnual report
「Following the phased lifting of the state of emergency declared to prevent the spread of COVID-19, stores gradually resumed operations after implementing infection-control measures. However, as a second wave of infections, particularly in urban areas, is possible and the timing of the end of the disease and the scope of its impact are unknown, it is difficult to reasonably calculate its effects on our financial position, operating results and cash flows after the end of the third quarter. For the third-quarter financial statements, we have assumed that the effects of the spread of COVID-19 will continue through the end of September 2020.」
Although stores gradually resumed operations after implementing infection-control measures, we disclosed the possibility of a second wave and uncertainty regarding the scope of its impact, extending the assumed period of continuing effects from the end of June 2020 to the end of September 2020. - FY2020-Q2First statedAnnual report
「Due to the global spread of COVID-19, we have taken measures including temporary store closures, and a decline in revenue from store sales is expected. However, because the timing of the end of the disease and the scope of its impact are unknown, it is difficult to reasonably calculate its effects on our financial position, operating results and cash flows after the end of the second quarter. For the second-quarter financial statements, we have assumed that the effects of the spread of COVID-19 will continue through the end of June 2020.」
The global spread of COVID-19 has caused or is expected to cause temporary store closures, lower sales, weak inbound demand, fewer visitors and delays in product delivery. We assume that the effects will continue through the end of June 2020.