Risks to Dining-Out Demand and Business Continuity from COVID-19
First written in FY2020. 5 of 13 entries say "Worsened", first in FY2021-Q1. Latest entry: FY2025.
VIA Holdings 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 2025: 6 of 13 companies on the "Worse" side.
4 other companies' latest entry also says "Reframed".
- FY2025ReframedAnnual report
「If a new infectious disease emerges or spreads in the future, lower sales, raw material shortages, and cost increases such as higher procurement prices could occur depending on its course, potentially adversely affecting the business performance and financial condition of the company and its group.」
The description has been broadened from the previous focus on COVID-19 to the risks to sales, procurement, and costs from new infectious diseases generally. - FY2024-Q3RestatedAnnual report
「However, although society is moving toward a post-COVID environment following the reclassification of COVID-19 as a Class 5 disease under the Infectious Diseases Act, the economic outlook remains uncertain due to lifestyle changes such as the spread of telework and reduced dining out, the weaker yen, price increases resulting from the situation in Ukraine and other factors, labor shortages, and higher costs.」
While describing the transition to a post-COVID environment following the Class 5 reclassification, it continues to identify uncertainty due to telework, reduced dining out, higher prices, labor shortages, and rising costs. - FY2024-Q2RestatedAnnual report
「However, although society is moving toward a post-COVID environment following the reclassification of COVID-19 as a Class 5 disease under the Infectious Diseases Act, the economic outlook remains uncertain due to lifestyle changes such as the spread of telework and reduced dining out, the weaker yen, price increases resulting from the situation in Ukraine and other factors, labor shortages, and higher costs. There is also uncertainty regarding the extent and duration of the impact on future sales.」
While describing the transition to a post-COVID environment following the Class 5 reclassification, it continues to identify uncertainty regarding the impact on sales from lifestyle changes, reduced dining out, higher prices, labor shortages, and rising costs. - FY2024-Q1SoftenedAnnual report
「However, although society is moving toward a post-COVID environment following the reclassification of COVID-19 as a Class 5 disease under the Infectious Diseases Act, the economic outlook remains uncertain due to lifestyle changes such as the spread of telework and reduced dining out, the weaker yen, price increases resulting from the situation in Ukraine and other factors, labor shortages, and higher costs. There is also uncertainty regarding the extent and duration of the impact on future sales.」
The reclassification of the disease as Class 5 is described as marking a transition to a post-COVID environment away from direct constraints such as temporary closures and reduced operating hours. However, uncertainty remains due to lifestyle changes, higher prices, labor shortages, and rising costs. - FY2023SoftenedAnnual report
「In May 2023, COVID-19 was reclassified as a Class 5 disease under the Infectious Diseases Act, and society is moving toward a post-COVID environment without restrictions on activity. However, there is still no clear prospect of an end to the previously mentioned global conditions, rising prices, and higher energy costs, and the economic outlook remains uncertain, leaving the situation unpredictable.」
The company expects a transition to a post-COVID environment without restrictions on activity, reducing direct constraints centered on temporary closures and reduced hours. However, uncertainty remains regarding the effects of lifestyle changes and higher prices. - FY2022-Q3WorsenedAnnual report
「In October 2021, in response to requests from local authorities to reduce operating hours, our group temporarily closed or operated with reduced hours at more than 200 stores, mainly izakaya-format locations.」
In response to requests to reduce operating hours, more than 200 stores, mainly izakaya-format locations, temporarily closed or operated with reduced hours, expanding the impact of the disease on business continuity. - FY2022-Q2WorsenedAnnual report
「In response to the application of priority preventive measures and requests from local authorities to close stores following the declaration of a state of emergency by the government, our group temporarily closed more than 120 stores, mainly izakaya-format locations.」
It states that temporary closures and other measures due to the disease affected more than 120 stores, mainly izakaya-format locations, and also describes the impact of fewer office workers in central urban areas, lower banquet demand, and restrictions on serving alcoholic beverages. - FY2022-Q1RestatedAnnual report
「However, the timing of the end of the decline in demand for dining out caused by COVID-19 remains uncertain, and there is uncertainty regarding the extent and duration of its impact on future sales. As the business revitalization plan is still being implemented, material uncertainty regarding the going-concern assumption is recognized at this time.」
The company continues to recognize uncertainty regarding the decline in demand for dining out, the timing of its resolution and the impact on sales, as well as business continuity uncertainty while the business revitalization plan is being implemented. - FY2021WorsenedAnnual report
「Specifically, for the previous consolidated fiscal year, we assumed that the effects of COVID-19 would gradually begin to ease from June 2020 and end in April 2021, while demand would decline by approximately 10% due to changes in lifestyles and other factors, and estimated that this would have a negative effect on future cash flows. For the current consolidated fiscal year, however, based on the recent effects of COVID-19, we revised the assumption so that the effects of COVID-19 would end in March 2022 and demand would decline further, by approximately 20%, due to changes in lifestyles and other factors.」
The assumed end date for the disease was pushed back from April 2021 to March 2022, and the assumed decline in demand was increased from approximately 10% to approximately 20%. Annual sales also fell 50.1% year on year. - FY2021-Q3WorsenedAnnual report
「For the previous consolidated fiscal year, we assumed that the effects of COVID-19 would gradually begin to ease from June 2020 and end in April 2021, while demand would decline by approximately 10% due to changes in lifestyles and other factors. However, during the consolidated third quarter, … we revised this assumption so that the effects of COVID-19 would end in March 2022 and demand would decline further, by approximately 20%, due to changes in lifestyles and other factors.」
The assumed end date for the effects of the disease was pushed back from April 2021 to March 2022, and the assumed decline in demand was changed from approximately 10% to approximately 20%. The impact of the third wave and another state of emergency is also described. - FY2021-Q2RestatedAnnual report
「To prevent the spread of COVID-19, our group also closed stores, operated with reduced hours, or limited operations to takeout and delivery in response to requests from the government and local authorities.」
It continues to describe closures, reduced hours, takeout and delivery operations, and the effects on sales and costs associated with the disease. - FY2021-Q1WorsenedAnnual report
「To prevent the spread of COVID-19, our group also closed stores, operated with reduced hours, or limited operations to takeout and delivery in response to requests from the government and local authorities. We have now resumed operations while paying close attention to the safety of customers and employees with reference to industry guidelines and other sources. However, depending on the future course of the disease, lower sales, raw material shortages, and cost increases such as higher procurement prices could adversely affect the business performance and financial condition of the company and its group.」
It states that store closures, reduced hours, and changes in operating formats actually occurred due to the disease, and that the effects of lower sales, raw material shortages, and higher procurement prices may continue. - FY2020MaterialisedAnnual report
「Due to the global spread of COVID-19, countries around the world imposed measures including travel restrictions such as bans on entry and exit, as well as restrictions on going out. In Japan, a state of emergency was declared, placing significant constraints on daily life and economic activity. … To prevent the spread of the disease, our group also closed stores, operated with reduced hours, or limited operations to takeout and delivery in response to requests from the government and local authorities.」
It identifies COVID-19 as a standalone risk for the first time and indicates the possibility of lower sales due to store closures and reduced hours, as well as raw material shortages and higher procurement prices.