Impact of COVID-19 spread on production, shipments and store operations
First written in FY2020-Q3. 8 of 18 entries say "Materialised", first in FY2020-Q3. Latest entry: FY2024.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024MaterialisedAnnual report
「In North America, the company actively conducted promotional activities and developed new business partners. However, sales in the region remained sluggish because the number of items contributing to sales declined from the same period of the previous year and inventory adjustments stemming from logistics disruptions during the COVID-19 pandemic affected sales.」
Inventory adjustments stemming from logistics disruptions during the COVID-19 pandemic have become evident in actual results as sluggish sales in North America. - FY2024-Q3MaterialisedAnnual report
「In North America, the company actively conducted promotional activities and developed new business partners. However, sales in the region remained sluggish because the number of items contributing to sales declined from the same period of the previous year and inventory adjustments resulting from logistics disruptions during the COVID-19 pandemic affected sales.」
Inventory adjustments triggered by logistics disruptions during the COVID-19 pandemic have become evident in actual results as a factor behind sluggish sales growth in North America. - FY2024-Q2MitigatedAnnual report
「Sales at each store increased significantly due to the increase in visitors to Japan following the easing of border controls for COVID-19.」
Store sales, which had been sluggish due to weaker inbound demand related to the infectious disease, continued to recover and increased substantially at each store as border controls were eased and the number of visitors to Japan increased. - FY2024-Q1MitigatedAnnual report
「Sales at each store increased significantly due to the increase in visitors to Japan following the easing of border controls for COVID-19.」
Store sales, which had been sluggish due to border-control measures related to the infectious disease and weaker inbound demand, recovered and increased as border controls were eased and the number of visitors to Japan increased. - FY2023MitigatedAnnual report
「Sales have entered a recovery trend as the easing of border-control measures related to COVID-19 has led to an increase in visitors to Japan.」
Store sales, which had been sluggish due to lower inbound demand caused by the pandemic, entered a recovery trend as border-control measures were eased and the number of visitors to Japan increased. - FY2023-Q3Continued recovery in store salesAnnual report
「Sales are on a recovery trend, supported by store campaigns, strong performance by products related to にじさんじ, and an increase in foreign visitors to Japan following the easing of COVID-19 border-control measures.」
The recovery trend in previously sluggish store sales has continued as border-control measures related to the pandemic were eased and the number of visitors to Japan increased. - FY2023-Q2Recovery in store performance alongside concerns over a resurgenceAnnual report
「In retail sales through company-operated stores, sales are on a recovery trend, supported by store campaigns, strong performance by products related to にじさんじ, and an increase in foreign visitors to Japan following the easing of COVID-19 border-control measures.」
Store sales, which had been sluggish due to lower inbound demand caused by the pandemic, entered a recovery trend as border-control measures were eased and the number of visitors to Japan increased. Meanwhile, concerns over a resurgence of the pandemic continue to be indicated with respect to the economic environment. - FY2023-Q1RestatedAnnual report
「In North America, we exhibited at Anime Expo 2022 in Los Angeles and then at San Diego Comic-Con 2022 in San Diego, conducting active promotional activities. Although the effects of the spread of COVID-19 continued, sales of both figures and plastic models remained strong.」
The Company states that the impact of the spread of the pandemic continued in North America, while sales of figures and plastic models remained strong. There was no material change in the risk. - FY2022MaterialisedAnnual report
「In North America, although the impact of the spread of COVID-19 remains ongoing and shipping delays have occurred for some products due to logistics disruptions and other factors, sales of both figure products and plastic model products remained solid.」
Logistics disruptions and shipment delays for some products caused by the spread of the pandemic are occurring in North America. - FY2022-Q3RestatedAnnual report
「In North America, although the impact of the spread of COVID-19 remains ongoing and shipping delays have occurred for some products due to logistics disruptions and other factors, sales of both figure products and plastic model products remained solid.」
While logistics disruptions and shipment delays for some products caused by the spread of the pandemic continued in North America, sales of figures and plastic models remained steady. - FY2022-Q2MaterialisedAnnual report
「In North America, although the impact of the spread of COVID-19 remains ongoing and shipping delays have occurred for some products due to logistics disruptions and other factors, sales of both figure products and plastic model products remained solid.」
The Company states that logistics disruptions in North America caused by the spread of the pandemic actually occurred as shipment delays for some products. Meanwhile, sales of figures and plastic models in North America remained steady. - FY2022-Q1RestatedAnnual report
「In North America, although the impact of the spread of COVID-19 continued, sales of both figure products and plastic model products remained steady. In retail sales through directly operated stores, sales of Nijisanji-related products remained strong, but sales struggled due mainly to a substantial decline in store visitors resulting primarily from the decrease in inbound demand caused by COVID-19.」
The impact of the pandemic continued in North America, while lower inbound demand and fewer store visitors at domestic stores continued to be reflected as weak sales. - FY2021RestatedAnnual report
「As the impact of the spread of COVID-19 has continued for an extended period, the Company has been taking measures to minimize the impact on its business and production activities. These include thorough health management and infection prevention for officers and employees, as well as establishing an operating structure that minimizes disruption through telework (working from home), staggered working hours, and other measures, while working across the Company to prevent the spread of infection.」
Assuming that the pandemic will be prolonged, the Company continues its business-continuity measures, including health management, infection prevention, telework and staggered working hours. - FY2021-Q3RestatedAnnual report
「In North America, although the impact of the spread of COVID-19 continued, sales of both figure products and plastic model products remained steady. In retail sales through directly operated stores, sales of Nijisanji-related products remained strong, but sales struggled due mainly to a substantial decline in store visitors resulting primarily from the decrease in inbound demand caused by COVID-19.」
The impact of the spread of the pandemic continued in North America, while lower inbound demand and fewer store visitors at domestic stores continued to be reflected as weak sales. - FY2021-Q2MaterialisedAnnual report
「In North America, although the impact of the spread of COVID-19 continued, sales of both figure products and plastic model products remained steady. In retail sales through directly operated stores, sales struggled due mainly to a substantial decline in store visitors resulting primarily from the decrease in inbound demand caused by COVID-19.」
The impact of the spread of the pandemic continued in North America, while lower inbound demand and fewer store visitors at domestic stores materialised as actual weakness in sales. - FY2021-Q1MaterialisedAnnual report
「In North America, although the impact of the spread of COVID-19 continued, sales of both figure products and plastic model products remained steady. In retail sales through directly operated stores, sales struggled due mainly to a substantial decline in store visitors resulting primarily from the decrease in inbound demand caused by COVID-19.」
The impact of the spread of the pandemic continued in North America, while lower inbound demand and fewer store visitors at domestic stores materialised as actual weakness in sales. - FY2020MaterialisedAnnual report
「The temporary suspension of operations at outsourced production plants in China due to the spread of COVID-19 prevented production from proceeding as planned, affecting production and shipments and causing sales to stagnate.」
The suspension of factory operations, delays in production and shipments, lockdowns at North American sites, store closures and lower store visitor numbers due to the spread of the pandemic had a specific impact on full-year sales and profit. - FY2020-Q3MaterialisedAnnual report
「Due to the spread of COVID-19, production of products did not proceed as planned, affecting production and shipments. In addition, temporary store closures and a substantial decline in store visitors due mainly to requests to refrain from going out resulted in net sales of ¥5,027,584 thousand, down 12.5% year on year; an operating loss of ¥97,871 thousand, compared with operating profit of ¥25,881 thousand in the same period of the previous year; an ordinary loss of ¥119,924 thousand, compared with ordinary profit of ¥4,142 thousand; and a quarterly net loss of ¥98,894 thousand, compared with a quarterly net loss of ¥3,269 thousand.」
The Company states that the spread of COVID-19 had an actual impact on business partners' operations, production and shipments, store operations and store visitor numbers, which was reflected in results as lower sales and operating, ordinary and net losses.