Impact of COVID-19 on Manufacturing, Sales and Promotional Activities
First written in FY2021-Q1. 6 of 12 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024SoftenedAnnual report
「With restrictions on activities related to COVID-19 eased and the disease's legal classification lowered to Category 5, social and economic activity showed signs of a gradual recovery, supported by a recovery in domestic personal consumption and an increase in inbound demand.」
The company described social and economic activity as moving toward recovery following the easing of restrictions on activities and the shift of COVID-19 to Category 5, reducing the emphasis on the previously ongoing constraints on manufacturing, sales and promotional activities. - FY2023SoftenedAnnual report
「Although the spread of COVID-19 has recently subsided, a renewed spread could lead to the postponement or cancellation of events and related promotional activities in Japan and overseas, as well as disruptions to development schedules centered on new products, opportunities to present products, and production schedules at partner factories.」
The company now recognizes that the spread of COVID-19 has recently subsided, shifting from disclosure of ongoing impacts to a more limited risk disclosure assuming impacts on events, development and production if the pandemic resurges. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter period, Japan's economy began to recover gradually, particularly in the food service and leisure industries, as restrictions on activities were eased despite COVID-19 continuing to spread.」
Although COVID-19 continued to have an impact, the easing of restrictions on activities began to revitalize economic activity, particularly in the food service and leisure industries. - FY2023-Q1MaterialisedAnnual report
「Lockdowns in some regions of China caused delivery delays for some of the company's items, but the impact was limited.」
Lockdowns in some regions of China due to COVID-19 actually caused delivery delays for some items. However, the company described the impact as limited. - FY2022RestatedAnnual report
「If the COVID-19 pandemic continues to spread worldwide, the resulting impact on consumption from store closures and other measures, as well as the postponement or cancellation of events and related promotional activities in Japan and overseas, could affect development schedules centered on new products, opportunities to present products, and production schedules at partner factories.」
The company continues to disclose the risk that COVID-19 will affect stores, events and promotions, new product development, and production at partner factories. - FY2022-Q3MitigatedAnnual report
「There were headwinds, including material shortages in manufacturing countries and restrictions on electricity supplies in China that significantly affected operations at outsourced factories. However, by preparing ample inventory replenishment in advance to minimize stockouts of popular standard products, the company was able to minimize the effects specific to the current period of the pandemic, such as material shortages.」
Material shortages and restrictions on electricity supplies in China affected operations at outsourced factories, but the company prepared replenishment inventory for standard products ahead of time and minimized the effects specific to the pandemic. - FY2022-Q2RestatedAnnual report
「In the Magna-Tiles series for the United States, which has been most affected, the company was able to make initial shipments of the new Animals series in the final month, but expects conditions to take some time to improve.」
The impact of COVID-19 on logistics and supply continued, and changes to the shipping schedules for overseas products also continued. - FY2022-Q1RestatedAnnual report
「In the markets surrounding the company, the reissuance of a state of emergency at the beginning of the year led to temporary closures of some stores and reduced operating hours, and continued to affect customer traffic and consumption.」
The reissuance of the state of emergency in response to COVID-19, along with store closures and reduced operating hours, continued to affect customer traffic and consumption. - FY2021RestatedAnnual report
「If the COVID-19 pandemic continues to spread worldwide, the resulting impact on consumption from store closures and other measures, as well as the postponement or cancellation of events and related promotional activities in Japan and overseas, could affect development schedules centered on new products, opportunities to present products, and production schedules at partner factories.」
The company disclosed the continuing risk that COVID-19 could affect store operations, events and promotions, new product development, and production at partner factories. - FY2021-Q3RestatedAnnual report
「Although economic activity was gradually resuming, promotional events to stimulate consumption still had to be postponed or canceled in light of the risks involved. The company assumed that recovery to pre-pandemic levels would take until the end of the year and made an accounting estimate of the recoverability of deferred tax assets.」
Promotional events continued to be postponed or canceled even after economic activity resumed, and the company assumed that recovery to pre-pandemic levels would take until the end of the year. - FY2021-Q2MaterialisedAnnual report
「Although some delays in sourcing materials and manufacturing delays caused by labor shortages at factories occurred in product procurement, conditions gradually normalized, making it possible to supply products in line with demand.」
Delays in sourcing materials and manufacturing delays caused by labor shortages at factories occurred as a result of COVID-19, but conditions gradually normalized, making it possible to supply products in line with demand. - FY2021-Q1First statedAnnual report
「Depending on how the COVID-19 pandemic develops, including any further spread, delays in the operation of factories used by the Group for outsourced manufacturing and supply chain disruptions could affect manufacturing. In sales, declining customer traffic at major retailers and department stores, along with the cancellation or scaling back of promotional activities, could affect the Group's operating results and other matters. The Group will continue to monitor changes in the situation and take appropriate action.」
For COVID-19, the company newly identified delays at outsourced factories, supply chain disruptions, declining store traffic and the cancellation or scaling back of promotional activities as factors that could affect operating results. The company also explained that temporary closures of factories in China, suspension of product inspections, delays in sourcing products and store closures had actually occurred.