Suspension of Sports Activities, Sales and Supply Chains Due to COVID-19
First written in FY2020. 7 of 15 entries say "Mitigated", first in FY2022-Q3. Latest entry: FY2026.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2026RestatedAnnual report
「Our business is centered on products designed for specific sports, and sports activity itself is closely linked to consumption. Accordingly, if a pandemic, major natural disaster such as an earthquake or flood, accident, conflict or terrorism causes people's activities to cease, demand trends in our sales markets may be significantly affected.」
The impact of infectious diseases, natural disasters, accidents, conflicts and terrorism on sports activities, sales and the supply chain was reaffirmed as a risk. - FY2024MitigatedAnnual report
「At the Chinese sales subsidiary, although the impact of the spread of COVID-19 from the fourth quarter of the previous year remained during the first half of the first quarter, sports activities recovered quickly thereafter.」
Although the impact of COVID-19 remained in China through the first half of the fiscal year, demand recovered as sports activities and tournaments resumed early, limiting the negative impact of COVID-19 on the business. - FY2024-Q2MitigatedAnnual report
「The resumption of various events, including international competitions, along with company-organized events, grassroots promotional activities and performances by contracted athletes, revitalized the market, and sports demand remained firm across regions worldwide.」
As tournaments and events resumed and sports demand remained steady in each region, the negative impact of COVID-19 on sports activities and sales remained limited. - FY2024-Q1MitigatedAnnual report
「At the Chinese sales subsidiary, the impact of the spread of COVID-19 since the end of the previous fiscal year (December 2022) continued through the first half of the first quarter under review. However, badminton demand recovered partly because tournaments and events resumed soon afterward, resulting in year-on-year revenue growth for the quarter.」
Although the impact of COVID-19 remained in China through the first half of the quarter, demand recovered as tournaments and events resumed early, resulting in higher sales year on year. - FY2023-Q3MitigatedAnnual report
「During the cumulative third quarter of the consolidated fiscal year, we assumed that the impact on the Group's business activities to date would be limited and that the market would continue to recover as sports tournaments and events resumed.」
The impact of COVID-19 on business activities was considered limited, and the market continued to recover as tournaments and events resumed. - FY2023-Q2MitigatedAnnual report
「During the cumulative second quarter of the consolidated fiscal year, we assumed that the impact on the Group's business activities to date would be limited and that the market would continue to recover as sports tournaments and events resumed.」
The impact of COVID-19 on business activities was considered limited, and the market continued to recover as sports tournaments and events resumed. - FY2023-Q1MitigatedAnnual report
「As demand recovered fully in each region, all segments posted higher revenue and profit, resulting in record first-quarter net sales and profit.」
Sports and sales activities recovered substantially in each region, and all segments reported higher sales and earnings, further easing the negative impact of COVID-19 on the previous year's business performance. - FY2022-Q3MitigatedAnnual report
「Compared with the previous fiscal year, which was heavily affected by COVID-19, the group recorded increases in revenue and profit in all segments during the cumulative third quarter of the consolidated fiscal year under review.」
Recovery progressed in China, Japan, North America, Europe and other regions as sports resumed and restrictions were eased, easing the negative impact of COVID-19 on the previous year's results across all segments. However, the cancellation and postponement of domestic tournaments and restrictions in some regions continued. - FY2022-Q2Progress in regional recovery alongside the continuing impact of COVID-19Annual report
「At the German sales subsidiary, badminton products began to recover as vaccination progressed and restrictions on indoor sports facilities were gradually eased. Tennis products continued to perform well, particularly racquets, resulting in higher cumulative sales. At the UK sales subsidiary, demand for tennis products recovered as restrictions were eased, but sales declined for badminton products, an indoor sport, as COVID-19-related restrictions remained in place.」
Germany recovered against a backdrop of eased restrictions, while tennis demand recovered in the UK even as restrictions on indoor badminton continued. The impact of COVID-19 and recovery therefore coexisted by region and sport. - FY2022-Q1Regional recovery coexisted with the continuing impact of COVID-19Annual report
「At the North American sales subsidiary, closures of indoor sports facilities and restrictions related to COVID-19 continued, resulting in a substantial decline in badminton product sales. Meanwhile, interest in tennis continued to grow, and tennis products, including tennis racquets, remained strong, helped by attention surrounding Naomi Osaka's victory at the Australian Open in February and promotional activities that created opportunities for product trials.」
While indoor sports facility closures and restrictions continued in some regions, demand for certain products, including tennis products, recovered and remained strong. The impact of COVID-19 and recovery therefore coexisted by region and sport. - FY2021RaisedAnnual report
「Business activities have been affected by the worldwide spread of COVID-19, including lockdowns and restrictions on movement in regions where the infection situation has not improved, the cancellation of various tournaments and the closure of retailers.」
While the impact of COVID-19 continued, lockdowns, restrictions on movement, cancelled tournaments and retailer closures, together with natural disasters and other factors, were identified as risks to the business and the supply chain as a whole. - FY2021-Q3Recovery in some regions, but COVID-19 impact continuedAnnual report
「China, where COVID-19 first spread, recovered to approximately the previous year's level, followed by signs of recovery in Japan and North America. Although the decline in sales was smaller than in the second quarter, the impact of lower sales in the first quarter remained. In addition, in Southeast Asia, India, the UK and other regions where the infection situation had not improved, closures and usage restrictions affecting indoor sports facilities for the core badminton business also had an impact. Consolidated net sales were therefore ¥35,715 million, down 23.3% year on year.」
China returned to approximately the previous year's level, while Japan and North America also showed signs of recovery. However, the impact of COVID-19 continued in Southeast Asia, India, the UK and other regions, and consolidated sales continued to decline. - FY2021-Q2COVID-19 impact continued; decline in sales narrowedAnnual report
「In China, where COVID-19 first spread, demand recovered relatively quickly, and conditions in Japan also gradually began to recover. However, in addition to the substantial impact of lower sales in the first quarter, conditions remained difficult in Southeast Asia, India, Europe and other regions, where the infection situation did not improve. As a result, sales declined in all segments, including Japan and the Asia segment, which account for most of consolidated net sales.」
While signs of recovery emerged in China and Japan, the infection situation did not improve in Southeast Asia, India, Europe and other regions, and the impact of COVID-19 continued, resulting in lower sales across all segments. However, the decline in sales was slightly smaller than in the first quarter. - FY2021-Q1MaterialisedAnnual report
「As a result, consolidated net sales were ¥8,199 million, down 44.2% year on year. Although advertising expenses declined as domestic and international tournaments in various sports were cancelled and we worked to reduce SG&A expenses, the substantial decline in gross profit accompanying lower sales resulted in an operating loss of ¥1,402 million, compared with operating income of ¥152 million in the same period of the previous year.」
The effects of cancelled tournaments, retailer and sports facility closures, and suspended sports activities due to COVID-19 became evident in the results as a 44.2% decline in consolidated net sales and an operating loss of ¥1,402 million. - FY2020First statedAnnual report
「Since December 2019, COVID-19 has spread worldwide. Nationwide school closures and declarations of a state of emergency in Japan, together with restrictions on movement in countries overseas, forced many retailers to close and sports facilities to shut down, bringing people's sports activities to an almost complete temporary halt. The impact on our business activities has therefore been unavoidable.」
The spread of COVID-19 became widespread in practice, resulting in retailer and sports facility closures, the suspension of sports activities, and impacts on manufacturing, sales and the supply chain.