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Regal (7938) · RiskDropped

Losses on stores, receivables and inventory due to the spread of COVID-19

First written in FY2020. 8 of 12 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2024.

12entries
5years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseMaterialisedFY2021-Q1 – FY2022RestatedFY2023-Q1 – FY20242020: 320202021: 420212022: 320222023: 120232024: 12024
Same theme, other companies
Impact of COVID-19-related Closures of Commercial Facilities and Hotels and Tenant Rent ReductionsA theme 12 companies write about · 11 as a headwind · 1 as a tailwind

Regal 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 2024: 2 of 7 companies on the "Worse" side.

1 other company's latest entry also says "Dropped".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2024DroppedAnnual report

    「As economic activity normalized following the lifting of restrictions on movement related to COVID-19, the economy has been recovering gradually.」

    Infection-related losses and losses from temporary closures, which had previously been disclosed, were not listed among the major business and other risks for the current fiscal year, indicating that economic activity has normalized.
  2. FY2023-Q3RestatedAnnual report

    「In addition, the spread of COVID-19 has affected the business activities of our group, and we will continue to monitor the situation closely.」

    The company continues to recognize that COVID-19 is affecting its business activities and to monitor the situation closely.
  3. FY2023-Q1RestatedAnnual report

    「In addition, the spread of COVID-19 has affected the business activities of our group, and we will continue to monitor the situation closely.」

    The company continues to recognize that COVID-19 is affecting its business activities and to monitor the situation closely.
  4. FY2022MaterialisedAnnual report

    「Fixed costs, including personnel expenses and depreciation, arising from reduced operating hours and other measures at domestic manufacturing subsidiaries due to the spread of COVID-19 were recorded as ¥235 million in extraordinary losses under “losses from temporary closures and other measures.” Employment adjustment subsidies and other amounts corresponding to these costs were recorded as ¥181 million in extraordinary income under “grants and other related income.”」

    The impact of reduced operating hours and other measures at factories due to the infection continued throughout the fiscal year, resulting in ¥235 million in losses from temporary closures and other measures and ¥181 million in grants and other related income.
  5. FY2022-Q3MaterialisedAnnual report

    「Fixed costs, including personnel expenses and depreciation, arising from reduced operating hours and other measures at domestic manufacturing subsidiaries due to the spread of COVID-19 were recorded as extraordinary losses under losses from temporary closures and other measures. Employment adjustment subsidies and other amounts corresponding to these costs were recorded as grants and other related income under extraordinary income.」

    During the nine months ended the third quarter, we recorded ¥153 million in losses from temporary closures and other measures and ¥133 million in grants and other related income, and infection-related losses continued to be reflected in the results.
  6. FY2022-Q2MaterialisedAnnual report

    「Fixed costs, including personnel expenses, rent and depreciation, arising from reduced operating hours and other measures at domestic manufacturing subsidiaries due to the spread of COVID-19 were recorded as extraordinary losses under losses from temporary closures and other measures. Employment adjustment subsidies and other amounts corresponding to these costs were recorded as grants and other related income under extraordinary income.」

    Due to reduced operating hours and other measures at domestic manufacturing subsidiaries resulting from the spread of the infection, we recorded ¥53 million in losses from temporary closures and other measures and ¥59 million in grants and other related income.
  7. FY2022-Q1MaterialisedAnnual report

    「Fixed costs, including personnel expenses, rent and depreciation, arising from reduced operating hours at domestic manufacturing subsidiaries due to the spread of COVID-19 were recorded as extraordinary losses under losses from temporary closures and other measures. Employment adjustment subsidies and other amounts were recorded as grants and other related income under extraordinary income.」

    We recorded ¥27 million in fixed costs associated with reduced operating hours at domestic manufacturing subsidiaries as losses from temporary closures and other measures, as well as ¥43 million in grants and other related income.
  8. FY2021MaterialisedAnnual report

    「Although we recorded ¥836 million in grants and other related income related to COVID-19 as extraordinary income, losses from temporary closures and other measures amounted to ¥1,259 million」

    Losses from temporary closures and other measures taken in response to the infection increased to ¥1,259 million, while ¥836 million in grants and other related income was also recorded.
  9. FY2021-Q3MaterialisedAnnual report

    「In addition, we recorded ¥709 million in grants and other related income related to COVID-19 as extraordinary income, and ¥1,102 million in fixed costs incurred due to temporary closures, reduced operating hours and other measures as extraordinary losses.」

    We recorded ¥709 million in grants and other related income, and ¥1,102 million in extraordinary losses for fixed costs arising from temporary closures, reduced operating hours and other measures related to the infection.
  10. FY2021-Q2MaterialisedAnnual report

    「In addition, we recorded ¥530 million in grants and other related income as extraordinary income, and ¥875 million in fixed costs incurred due to temporary closures, reduced operating hours and other measures as extraordinary losses.」

    We recorded ¥875 million in fixed costs from temporary closures, reduced operating hours and other measures related to COVID-19 as extraordinary losses, as well as ¥530 million in grants and other related income.
  11. FY2021-Q1MaterialisedAnnual report

    「In addition, we recorded ¥307 million in grants and other related income as extraordinary income, and ¥634 million in fixed costs incurred due to temporary closures and reduced operating hours following the declaration of a state of emergency as extraordinary losses.」

    We recorded ¥634 million in fixed costs associated with the spread of COVID-19 as losses from temporary closures and other measures, as well as ¥307 million in grants and other related income. The impact of infection-related losses has become evident in the quarterly results.
  12. FY2020First statedAnnual report

    「In light of the significant changes in the business environment accompanying the spread of COVID-19, we recorded ¥257 million as infection-related losses, including store-related losses, provision for bad debts and inventory valuation losses.」

    We recorded ¥75 million in store-related losses, ¥125 million in provision for bad debts and ¥56 million in inventory valuation losses, among other items, as infection-related losses resulting from the spread of COVID-19.
Moved together

"Deterioration in the business environment due to the global economic slowdown, yen appreciation and falling stock prices" moved the same way as this thread, in the same document, in 8 of its 12 moves.

886432★123456
  1. ★This thread
  2. 1Deterioration in the business environment due to the global economic slowdown, yen appreciation and falling stock prices8×
  3. 2Women's shoes and other categories struggle amid frugality, consumption polarization and sports trends8×
  4. 3Profit pressure from rising raw material prices and selling, general and administrative expenses and the disposal of slow-moving inventory6×
  5. 4Improvement in operating margin and ordinary profit margin4×
  6. 5Impact of Exchange-Rate Fluctuations on Procurement Prices and Business Performance3×
  7. 6Inventory optimization through revamping the product development process and rationalizing the brand portfolio2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
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News
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Losses on stores, receivables and inventory due to the spread of COVID-19 | REGAL CORPORATION (7938) | Komori