Business Impact of Natural Disasters Such as Earthquakes
First written in FY2016. 13 of 23 entries say "Restated". Latest entry: FY2024-Q1.
The whole theme swung hardest in 2020: 24 of 46 companies on the "Worse" side.
17 other companies' latest entry also says "Mitigated".
- FY2024-Q1MitigatedAnnual report
「The easing of restrictions on activities following the reclassification of COVID-19 as a Class 5 infectious disease showed signs of a full-scale recovery in economic activity.」
The company explains that the reclassification of COVID-19 as a Class 5 infectious disease and the easing of restrictions on activities relatively eased the constraints on economic activity and store traffic caused by the infection. - FY2023-Q2MitigatedAnnual report
「From late July, successive infections among store staff caused by the impact of the seventh wave of COVID-19 placed some constraints on proposal-based sales at the company's directly operated stores, one of its strengths. However, by establishing know-how for operating stores under infection-control measures, the company was able to continue operations without taking measures such as temporary closures in response to the spread of the infection.」
Although staff infections and operating constraints occurred during the seventh wave, the company explains that it continued operations without temporary closures caused by the spread of the infection by establishing store-operation know-how. - FY2022MitigatedAnnual report
「Meanwhile, the group’s performance has remained solid even amid the COVID-19 pandemic, supported by the development of attractive products chosen by customers, centered on THE NORTH FACE, the establishment of a stable supply chain, and the development of balanced sales channels comprising directly operated stores, wholesale partners and EC sales.」
The company explains that, despite the continued impact of COVID-19, it limited the effect on performance through its product development, supply chain, and diversified sales channels comprising directly operated stores, wholesale, and e-commerce. - FY2022-Q3MitigatedAnnual report
「Since the emergency declarations and quasi-emergency measures that had been issued in stages were lifted nationwide on 30 September 2021, restrictions on activities have been eased and signs of a recovery in personal consumption have emerged.」
The company explained that the lifting of the state of emergency and other measures and the easing of restrictions on activities had led to signs of a recovery in personal consumption. However, uncertainty remains due to the rapid spread of new variants. - FY2022-Q2MitigatedAnnual report
「Although the Tokyo 2020 Olympic and Paralympic Games were held without spectators and nationwide adverse weather affected sales at directly operated stores, mainly in central Tokyo, wholesale stores such as sporting-goods retailers and EC sales offset the impact, allowing the company to maintain a balanced sales structure that was not dependent on a single sales channel.」
Although the further spread of infectious diseases, the holding of events without spectators and adverse weather affected directly operated stores, wholesale stores and EC sales offset the impact, which the company explained was contained by diversifying its sales channels. - FY2022-Q1MitigatedAnnual report
「Sales trends in major cities remained challenging, as the company temporarily closed up to 77 of its 161 directly operated stores during the current fiscal year, as it had in the previous fiscal year.」
Closures of directly operated stores due to infectious diseases have continued, but the scale has decreased from the maximum of 150 stores closed as reported in the previous fiscal year. The risk remains, but the scope of closures has been relatively contained. - FY2021-Q3MitigatedAnnual report
「The reissuance of a state of emergency by the government on 7 January 2021 was expected to affect the company through reduced operating hours and requests to refrain from going out, but no extensive store closures occurred, and the impact on performance was expected to be limited.」
Although the renewed state of emergency was expected to result in reduced operating hours and requests to refrain from going out, no extensive store closures occurred, and the company explained that the impact on performance was limited. - FY2021-Q1MaterialisedAnnual report
「Between late March and late May, up to 150 of the 155 directly operated stores were temporarily closed. From late May, however, stores reopened earlier than initially forecast, and all stores had resumed operations by June.」
The spread of an infectious disease resulted in extensive closures of directly operated stores and an actual impact on their operating hours. - FY2020MaterialisedAnnual report
「If emergency declarations issued by the national or local governments to prevent the spread of COVID-19 and other infectious diseases result in prolonged reduced operating hours or temporary closures at directly operated stores and other locations, performance could be affected.」
The company added infectious disease outbreaks to the risks associated with external shocks such as natural disasters and describes the resulting impact of reduced operating hours and temporary closures at directly operated stores and other locations. - FY2020-Q3RestatedAnnual report
「During the nine-month period ended in the third quarter, there was no occurrence of any new business or other risk, nor any material change in the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new occurrences or material changes in the existing risks related to the impact on operations from natural disasters such as earthquakes. - FY2020-Q2RestatedAnnual report
「During the six-month period ended [current second quarter], there were no new business risks and no material changes to the business risks described in the prior fiscal year's annual securities report.」
The company states that there have been no new occurrences or material changes in the existing risks related to the impact on operations from natural disasters such as earthquakes. - FY2020-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first quarter of the current consolidated fiscal year.」
The company states that there are no new business or other risks in relation to the existing risks related to the impact on operations from natural disasters such as earthquakes. - FY2019-Q3RestatedAnnual report
「No new business or other risks arose during the third-quarter cumulative consolidated period.」
The company states that there are no new business or other risks in relation to the existing risks related to the impact on operations from natural disasters such as earthquakes. - FY2019-Q2RestatedAnnual report
「During the six-month period ended [current second quarter], there were no new business risks and no material changes to the business risks described in the prior fiscal year's annual securities report.」
The company states that there have been no new occurrences or material changes in the existing risks related to the impact on operations from natural disasters such as earthquakes. - FY2019-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first quarter of the current consolidated fiscal year.」
The company states that there are no new business or other risks in relation to the existing risks related to the impact on operations from natural disasters such as earthquakes. - FY2018RestatedAnnual report
「Natural disasters such as earthquakes could affect sales, collections and other activities if the group, its business partners or others suffer direct damage, or if the procurement of raw materials becomes difficult. In such cases, the group’s performance and financial position could be affected.」
The company has reiterated the risk of an impact on operations through damage to its own operations or those of business partners, and difficulties in procuring raw materials. - FY2018-Q2RestatedAnnual report
「No new business or other risks arose during the six-month period of the second quarter of the current consolidated fiscal year.」
The company states that there are no new business or other risks in relation to the existing risks related to the impact on operations from natural disasters such as earthquakes. - FY2018-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first quarter of the current consolidated fiscal year.」
The company states that there are no new business or other risks in relation to the existing risks related to the impact on operations from natural disasters such as earthquakes. - FY2017RestatedAnnual report
「Natural disasters such as earthquakes could affect sales, collections and other activities if the group, its business partners or others suffer direct damage, or if the procurement of raw materials becomes difficult.」
The company has reiterated the risk of an impact on operations through damage to its own operations or those of business partners, and difficulties in procuring raw materials. - FY2017-Q3RestatedAnnual report
「No new business or other risks arose during the third-quarter cumulative consolidated period.」
The company states that there have been no new business or other risks, or material changes, in relation to the existing risks related to the impact on operations from natural disasters such as earthquakes. - FY2017-Q2RestatedAnnual report
「No new business or other risks arose during the six-month period of the second quarter of the current consolidated fiscal year.」
The existing risks related to the impact on operations from natural disasters such as earthquakes are treated as having undergone no material changes. - FY2017-Q1RestatedAnnual report
「There have been no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in the existing risks related to the impact on operations from natural disasters such as earthquakes. - FY2016First statedAnnual report
「Natural disasters such as earthquakes could affect sales, collections and other activities if the group, its business partners or others suffer direct damage, or if the procurement of raw materials becomes difficult.」
The company anticipates an impact on sales and collection activities through damage to its own operations or those of business partners, and difficulties in procuring raw materials.