Risk of Business Interruptions and Weaker Demand Due to the Spread of COVID-19
First written in FY2020. 8 of 12 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2025.
Tsukamoto Corporation 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: 3 of 11 companies on the "Worse" side.
0 other companies' latest entry also says "Materialised".
- FY2025MaterialisedAnnual report
「A fire occurred on 21 April 2025 at a major outsourced processing supplier of our Uniform Division, and production at the supplier has been suspended. This could affect stored fabrics, products in production and customer-supplied materials, as well as lead to changes in the Uniform Division's production plans and suppliers.」
The company disclosed that a fire and production stoppage at a major outsourced processing supplier occurred after the financial results, potentially affecting stored fabrics, products in production and supplied materials, and potentially requiring changes to production plans. - FY2024-Q2RestatedAnnual report
「There have been no material changes to the assumptions described in the securities report for the previous consolidated fiscal year under Additional Information (Accounting Estimates Related to the Impact of COVID-19), including assumptions regarding the future spread of COVID-19 and the timing of containment.」
The company reconfirmed that there had been no material changes to the accounting estimate assumptions, including those concerning the future spread of COVID-19 and the timing of containment. - FY2024-Q1Easing pandemic impact and continuation of accounting estimate assumptionsAnnual report
「During the first quarter of the current fiscal year, Japan's economy saw consumer activity begin to recover as the classification of COVID-19 was downgraded to Category 5.」
The company described a recovery trend in consumer activity following the downgrading of COVID-19 to Category 5. It also stated that there had been no material changes to the assumptions regarding the pandemic used in the previous consolidated fiscal year for accounting estimates. - FY2023WorsenedAnnual report
「The Group considers it necessary to assess the impact through at least part of the fiscal year ending March 2024, and reflected accounting estimates, mainly impairment accounting for fixed assets, in the accounting treatment and prepared the consolidated financial statements.」
The company extended the assumption that the impact of COVID-19 would be assessed through at least part of the fiscal year ending March 2024 and reflected it in accounting estimates, including impairment of fixed assets. - FY2022MaterialisedAnnual report
「The impact of COVID-19 is expected to recover gradually against the backdrop of the government's economic measures and vaccinations, but the timing of containment remains uncertain. We expect the impact to continue for at least part of the fiscal year ending March 2023. Based on this assumption, we reflected accounting estimates, mainly impairment accounting for fixed assets, in the accounting treatment and prepared the consolidated financial statements.」
The company assumed that the impact of the pandemic would continue for at least part of the following consolidated fiscal year and reflected this in accounting estimates, including impairment of fixed assets. Uncertainty also remained. - FY2022-Q3MaterialisedAnnual report
「The impact of COVID-19 had been gradually easing against the backdrop of the government's economic measures and vaccinations, but has expanded again due to the emergence of new variants and other factors. We expect the impact to continue at least through the end of the current fiscal year. There have been no material changes to the assumptions described in the securities report for the previous consolidated fiscal year under Additional Information.」
In response to the renewed spread of the pandemic due to new variants and other factors, the company maintained the assumption that the impact would continue at least through the end of the current fiscal year and reflected it in its accounting estimates. - FY2022-Q2MaterialisedAnnual report
「The impact of the resurgence of COVID-19 has been gradually easing against the backdrop of the government's economic measures and vaccinations. However, concerns about a further resurgence remain, and we expect the impact to continue for at least part of the current fiscal year. Based on this assumption, we reflected accounting estimates, mainly impairment accounting for fixed assets, in the accounting treatment and prepared the quarterly consolidated financial statements.」
The company reflected the impact of the resurgence of the pandemic in estimates, including impairment accounting for fixed assets, based on the assumption that it would continue for at least part of the current fiscal year. Uncertainty regarding the impact also remained. - FY2022-Q1MaterialisedAnnual report
「The impact of the resurgence of COVID-19 is expected to recover gradually against the backdrop of the government's economic measures and expectations for vaccinations. However, the timing of containment remains uncertain due to repeated declarations of a state of emergency and the Tokyo Olympics being held without spectators, among other factors, and we expect the impact to continue for at least part of the current fiscal year.」
Accounting estimates, including impairment of fixed assets, were made on the assumption that the impact of the resurgence of the pandemic and declarations of a state of emergency would continue for at least part of the current fiscal year. - FY2021-Q3MaterialisedAnnual report
「The effects of COVID-19 continued as of 5 February 2021 (the filing date) and had a significant impact on the Group's business activities. We had previously assumed that the impact would continue through the end of December 2020 and that the economy would then gradually recover. However, in light of the domestic COVID-19 situation as of the end of the third quarter of the current fiscal year, we now expect the impact to continue at least through the end of March 2021. At this stage, it is extremely difficult to determine when the economy will begin to recover. Accordingly, we have revised our accounting estimates, including provisions for doubtful accounts and impairment of fixed assets, as of the end of the third quarter of the current fiscal year.」
The assumption was revised so that the impact of the pandemic would continue beyond the previously expected end of December 2020, through at least the end of March 2021, and accounting estimates were revised because the timing of recovery was also difficult to predict. - FY2021-Q2MaterialisedAnnual report
「As part of efforts to prevent the spread of COVID-19, following requests from the national and local governments to suspend business operations and the declaration of a state of emergency, the Group temporarily closed stores and other facilities and shortened their operating hours. Accordingly, costs arising from these measures at stores and other facilities, mainly personnel expenses and depreciation, were recorded as extraordinary losses attributable to COVID-19.」
Store and facility closures and shortened operating hours continued, and ¥71 million in losses attributable to COVID-19 was recorded as an extraordinary loss. Accounting estimates were based on the assumption that the impact would continue through year-end, and the uncertainty regarding future effects was also disclosed. - FY2021-Q1MaterialisedAnnual report
「The effects of COVID-19 continued as of 7 August 2020 (the filing date) and had a significant impact on the Group's business activities. Assuming that the effects would continue through the end of the year and that the economy would then gradually recover, we made accounting estimates, including provisions for doubtful accounts and impairment of fixed assets, as of the end of the first quarter of the current fiscal year. These assumptions involve a high degree of uncertainty, and depending on the spread of COVID-19 and its impact on the economy, they could have a material impact on the consolidated financial statements from the next consolidated quarter onward.」
The impact of COVID-19 continued, and extraordinary losses also arose from store closures and other measures. Accounting estimates were made on the assumption that the impact would continue through year-end, and the uncertainty regarding future effects was also disclosed. - FY2020First statedAnnual report
「Unexpected natural disasters such as earthquakes and floods, sudden fires and accidents, and outbreaks of infectious diseases such as novel influenza and the spread of COVID-19 could force us to suspend operating activities, resulting in lost sales opportunities due to delays in procuring merchandise and a substantial decline in collections due to poor sales. We are working to minimize the impact by establishing business continuity measures, including telework and working from home, staggered working hours and flexible working arrangements. Nevertheless, these events could have a significant impact on the operating results of our Group, and we position them as the most important risk facing the Group.」
The company identified the spread of COVID-19 as the most important risk for the first time, describing its effects on business interruptions, procurement delays and lost sales opportunities, as well as business continuity measures such as telework. The impact actually materialized during the fiscal year through the postponement and cancellation of kimono events and production delays in the health and lifestyle business.