Sales suspensions and going-concern risk caused by COVID-19
First written in FY2020-Q3. 11 of 14 entries say "Mitigated", first in FY2021-Q1. Latest entry: FY2025.
The whole theme swung hardest in 2025: 2 of 10 companies on the "Worse" side.
5 other companies' latest entry also says "Dropped".
- FY2025DroppedAnnual reportThe FY2025 annual securities report contains no separate disclosure concerning sales suspensions caused by COVID-19 or going concern.
- FY2024MitigatedAnnual report
「In the domestic market, consumer sentiment has been improving as restrictions on activities related to COVID-19 have been lifted and employee income has improved, among other factors.」
The company states that the lifting of activity restrictions is easing the impact of COVID-19-related sales suspensions and disruption to business continuity. However, the impact of market conditions remains. - FY2023MitigatedAnnual report
「Overseas sales for the current consolidated fiscal year reflected differences in the pace of economic recovery among countries as COVID-19 moved toward containment.」
The company states that, as COVID-19 moves toward containment, the impact of sales suspensions and disruption to business continuity caused by activity and travel restrictions is easing. However, differences in the pace of recovery among countries remain. - FY2023-Q1MitigatedAnnual report
「As measures progressed to ease restrictions on activities and overseas travel related to COVID-19 and transition to a new phase of living with COVID-19, economic activity began to move toward recovery.」
The easing of restrictions on activities and overseas travel has put economic activity on a recovery trajectory, and the company states that the impact of COVID-19-related sales suspensions and disruption to business continuity is easing. However, global conditions and the downturn in the Chinese market remain. - FY2022MitigatedAnnual report
「The company returned to full-year profitability for the first time in 3 fiscal years.」
Although the impact of COVID-19 and material events relating to going concern remained as risks, the company returned to full-year profitability for the first time in 3 fiscal years, and operating profit also turned positive. - FY2022-Q3MitigatedAnnual report
「As a result, the Group's sales for the current consolidated fiscal year were ¥2.268955 billion, up 11.6% from the same quarter of the previous year, while the operating loss was ¥1.327 million, compared with an operating loss of ¥162.865 million in the same quarter of the previous year.」
Although sales restrictions resulting from the spread of COVID-19 and material events relating to going concern continued to be disclosed, sales increased 11.6% from the same quarter of the previous year, and the operating loss narrowed from ¥162.865 million to ¥1.327 million. - FY2022-Q2MitigatedAnnual report
「However, with intermittent restrictions on business activities finally beginning to be lifted, the operating loss narrowed substantially from the same period of the previous year despite remaining an operating loss, and sales have begun to recover.」
Restrictions on business activities began to be lifted, and although the operating loss continued, the loss narrowed substantially year on year and sales recovery progressed. - FY2022-Q1MitigatedAnnual report
「However, with intermittent declarations of a state of emergency and priority preventive measures finally being lifted, the operating loss narrowed from the same period of the previous year despite remaining an operating loss, and sales have begun to recover.」
Although conditions that may cast significant doubt on going concern and operating losses continued, the company reported the lifting of the state of emergency and related measures, a narrowing of the loss and a recovery in sales. - FY2021MitigatedAnnual report
「However, sales have begun to recover in the third and fourth quarters of the current consolidated fiscal year, including the achievement of record monthly sales in April.」
Although the spread of COVID-19, operating losses for 2 consecutive periods and material events relating to going concern continued to exist, the company reported recovery in the third and fourth quarters and record monthly sales in April, indicating progress in addressing these risks. - FY2021-Q3MitigatedAnnual report
「However, sales for the nine-month period of the third quarter of the current consolidated fiscal year were 100.8% of the level in the same period of the previous year, indicating a recovery in line with expectations.」
Although sales restrictions resulting from the spread of COVID-19 and material events relating to going concern continued to be disclosed, sales for the nine-month period of the third quarter of the current consolidated fiscal year recovered to 100.8% year on year. - FY2021-Q2MitigatedAnnual report
「However, sales in the second quarter of the current consolidated fiscal year were 79.2% of the level in the same period of the previous year, indicating a recovery in line with expectations.」
Although the severe business environment caused by COVID-19 and the material events relating to going concern continued, sales in the second quarter of the current fiscal year recovered to 79.2% of the level in the same period of the previous year. - FY2021-Q1MitigatedAnnual report
「However, sales in the first quarter of the current consolidated fiscal year were 74.2% of the level in the same period of the previous year, indicating a recovery in line with expectations.」
Although the decline in orders and restrictions on sales activities caused by COVID-19 and material events relating to going concern continue to be disclosed, first-quarter sales recovered as expected to 74.2% of the level in the same period of the previous year, and the company determined that no material uncertainty existed based on its cash holdings. - FY2020MaterialisedAnnual report
「In the second half of the current consolidated fiscal year, the spread of COVID-19 led to the closure of commercial facilities in Japan and overseas and requests for people to refrain from going out, among other measures, severely restricting sales activities. As a result, sales declined substantially during the period, and conditions arose that may cast significant doubt on going concern.」
The full-year report also confirmed sales restrictions resulting from the spread of COVID-19 and a substantial decline in second-half sales, identifying conditions that may cast significant doubt on going concern. However, the company held cash and deposits of ¥1.347085 billion and determined that no material uncertainty existed. - FY2020-Q3MaterialisedAnnual report
「As a result of the spread of COVID-19, the Group's sales for the current consolidated accounting period were ¥451.059 million, down 43.2% from the same quarter of the previous year, and conditions arose that may cast significant doubt on the Group's ability to continue as a going concern.」
The spread of COVID-19 resulted in the closure of stores in Japan and overseas, requests for department stores and commercial facilities to suspend operations, and the postponement or cancellation of trade fairs and events, causing sales for the accounting period to decline 43.2% year on year. Although the company identified conditions that may cast significant doubt on going concern, it determined that no material uncertainty existed based on its cash holdings, access to borrowings and the support framework provided by its main relationship banks.