Impact of COVID-19 on operations and business performance
First written in FY2020. 6 of 12 entries say "Restated". Latest entry: FY2024-Q2.
Chuo Gyorui 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 2020: 119 of 169 companies on the "Worse" side.
18 other companies' latest entry also says "Softened".
- FY2024-Q2SoftenedAnnual report
「During the second quarter consolidated cumulative period, Japan's economy showed a gradual recovery, particularly in domestic demand, as economic activity normalized following the reclassification of COVID-19 to Category 5 under the Infectious Diseases Act, together with a recovery in inbound tourism.」
The reclassification of COVID-19 to Category 5 and the normalization of economic activity were reported, with the described impact of the pandemic on operations and the sales environment weakening further from the previous quarter. - FY2024-Q1SoftenedAnnual report
「During the first quarter consolidated cumulative period, Japan's economy showed signs of a recovery in consumption, particularly domestic demand, including the normalization of economic activity and recovery in inbound tourism, as restrictions on activities related to COVID-19 were eased.」
The easing of restrictions on activities related to COVID-19, normalization of economic activity, and recovery in inbound tourism were reported, with the described impact of the pandemic on the economic and sales environment weakening further. - FY2023SoftenedAnnual report
「Although the current spread of COVID-19 is moving toward containment, it has had a significant impact on the sales environment for food products generally. Some parts of our group also experienced partial operational disruptions due to shortened business hours and other measures, as well as a substantial decline in sales to foodservice customers.」
While the description of COVID-19 has weakened from its previous emphasis on expansion and continuation to movement toward containment, operational disruptions due to shortened business hours and other measures and the decline in sales to foodservice customers remain as actual impacts. - FY2022RestatedAnnual report
「Although the current spread of COVID-19 is moving toward containment, it has had a significant impact on the sales environment for food products generally. Some parts of our group have also been affected by partial disruptions to operations due to shortened business hours and other measures, as well as a substantial decline in sales to foodservice customers.」
Although the spread of COVID-19 is described as moving toward containment, operational disruptions due to shortened business hours and other measures and the decline in sales to foodservice customers continue to be identified as risks. - FY2022-Q3RestatedAnnual report
「During the nine-month consolidated cumulative period, Japan's economy improved in service industries such as accommodation and restaurants after October, when the emergency measures related to COVID-19 were lifted. However, infections continued to increase worldwide, particularly in Europe and the United States, and the Omicron variant was confirmed in Japan, so the situation remained unpredictable.」
While improvement in service industries after the lifting of emergency measures was reported, uncertainty related to COVID-19 continued due to the global increase in infections and confirmation of the Omicron variant. - FY2022-Q2RestatedAnnual report
「Emergency measures related to COVID-19 continued, mainly in metropolitan areas. In mid-August, the number of new cases reported nationwide in a single day exceeded 25,000, and on 25 August the state of emergency was expanded to 21 prefectures. Service consumption therefore remained under pressure, and the situation continued to be unpredictable.」
The continued emergency measures and state of emergency, together with the increase in infections, continue to be described as economic and sales conditions weighing on service consumption. - FY2022-Q1RestatedAnnual report
「While sales to foodservice customers struggled, sales to mass retailers, through mail order, and to overseas markets performed steadily.」
Amid the renewed spread of COVID-19 and the continuing state of emergency, sales to foodservice customers continued to struggle, while sales to mass retailers, through mail order, and to overseas markets were reported to be performing steadily. - FY2021MaterialisedAnnual report
「Group sales totaled ¥187,697 million, down 3.2% from the previous consolidated fiscal year, due to a decline in sales to foodservice customers in the seafood wholesale business.」
The decline in sales to foodservice customers amid COVID-19 materialized as a full-year decline in group sales. - FY2021-Q3RestatedAnnual report
「During the nine-month consolidated cumulative period, the sales environment deteriorated due to the spread of COVID-19, but」
The spread of COVID-19 continues to be described as having worsened the sales environment in the seafood wholesale business. At the same time, increased sales to mass retailers and through online sales are also noted. - FY2021-Q2RestatedAnnual report
「Under these circumstances, our core seafood wholesale business continued to face an extremely challenging sales environment, particularly for foodservice customers, and demand for high-priced seafood declined substantially.」
The challenging sales environment for foodservice customers and the decline in demand for high-priced seafood due to COVID-19 continued to be reported in the first quarter. - FY2021-Q1WorsenedAnnual report
「Our core seafood wholesale business has faced an extremely challenging sales environment, particularly for sales to foodservice customers, and demand for high-priced seafood has declined substantially.」
The impact of COVID-19 has become more pronounced in the seafood wholesale business, taking the form of an extremely challenging sales environment, particularly for foodservice customers, and a decline in demand for high-priced seafood, rather than merely disruptions to operations and business performance. - FY2020MaterialisedAnnual report
「The current spread of COVID-19 has had a significant impact on society and the economy, and has already disrupted operations and business performance in some parts of our group.」
The spread of COVID-19 is described as having already disrupted not only society and the economy but also operations and business performance in some parts of our group.