Risk of weaker consumer spending and store closures due to COVID-19
First written in FY2020. 9 of 18 entries say "Mitigated", first in FY2022-Q3. Latest entry: FY2026.
T.Kawabe & 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: 88 of 115 companies on the "Worse" side.
19 other companies' latest entry also says "Dropped".
- FY2026DroppedAnnual report
「The domestic economy during the consolidated fiscal year from 1 April 2025 to 31 March 2026 remained on a gradual recovery trend, supported by improvements in employment and income conditions.」
The risk of store closures and weaker consumer spending due to COVID-19 is no longer included among the principal business environment and risk disclosures in this filing. - FY2025-H1MitigatedAnnual report
「The domestic economy during the interim consolidated accounting period from 1 April 2024 to 30 September 2024 shifted toward a recovery trend as economic activity moved further toward normalization, while corporate earnings remained strong and employment and income conditions improved.」
It was stated that the impact of the pandemic on weaker consumer spending and store closures continued to ease as economic activity moved further toward normalization after the infection subsided. - FY2024MitigatedAnnual report
「The domestic economy during the consolidated fiscal year from 1 April 2023 to 31 March 2024 shifted toward a recovery trend as society and economic activity moved further toward normalization following the subsiding of COVID-19, while corporate earnings remained strong and employment and income conditions improved.」
As society and economic activity moved further toward normalization following the subsiding of COVID-19, the impact of the pandemic on weaker consumer spending and store closures eased further. - FY2024-Q3MitigatedAnnual report
「During the first 3 quarters of the current consolidated fiscal year from 1 April 2023 to 31 December 2023, the domestic economy saw further progress toward the normalization of social and economic activity as COVID-19 subsided」
As the infection subsided, society and economic activity moved further toward normalization, and the impact of the pandemic on weaker consumer spending and store closures continued to ease. - FY2024-Q1MitigatedAnnual report
「During the first quarter of the current consolidated fiscal year from 1 April 2023 to 30 June 2023, the domestic economy shifted from the economic slowdown caused by the pandemic toward recovery as COVID-19 moved to Category 5 under Japan’s Infectious Diseases Control Law.」
It states that the economic stagnation caused by the pandemic shifted toward a recovery trend following the reclassification of COVID-19 as a Class 5 infectious disease. - FY2023MitigatedAnnual report
「As economic and social activity transitioned to a new phase of living with COVID-19, including the easing of activity restrictions to prevent infection, the economy shifted from pandemic-related stagnation to a recovery trend.」
The impact of COVID-19 on weaker consumer spending and restrictions on store operations began to improve as activity restrictions were eased and society transitioned to living with COVID-19. - FY2023-Q3MitigatedAnnual report
「As economic and social activity transitioned to a new phase of living with COVID-19, including the easing of activity restrictions to prevent infection, the economy gradually began to recover from more than 2 years of stagnation during the pandemic as the number of infections began to decline from late August.」
It states that the impact of COVID-19 on weaker consumer spending and restrictions on store operations began to improve as activity restrictions were eased and the number of infections declined. However, it continues to closely monitor developments such as the eighth wave of infections. - FY2023-Q2MitigatedAnnual report
「While thorough COVID-19 infection-control measures were maintained and economic and social activity transitioned to a new phase of living with COVID-19, the economy gradually began to recover from more than 2 years of stagnation as the number of infections began to decline from late August and sentiment shifted toward an easing of the pandemic.」
While continuing infection-control measures, the impact of COVID-19 on weaker consumer spending and operating restrictions began to improve as society transitioned to living with COVID-19 and the number of infections declined. - FY2023-Q1MitigatedAnnual report
「The consumer market entered a gradual recovery trend as the number of COVID-19 infections declined and restrictions on activities, including the state of emergency, were lifted.」
It states that the impact of COVID-19 on weaker consumer spending and restrictions on store operations began to improve as the number of infections declined and restrictions on activities were lifted. Infection-control measures, however, continue. - FY2022WorsenedAnnual report
「The Group's supply chain may be affected by trends in the spread of COVID-19 overseas, including lockdowns in Shanghai, China, potentially disrupting business operations and product supply. To address this risk, the Group is working to reduce product inventories by strengthening e-commerce, which enables customers to purchase products from home, and reviewing its production plans and inventory management.」
In addition to domestic store closures and weaker consumer spending, it identified the risk of supply chain disruptions caused by lockdowns in Shanghai, China, and elsewhere. Measures include strengthening e-commerce and reviewing production plans and inventory management. - FY2022-Q3MitigatedAnnual report
「In the retail industry, repeated declarations of a state of emergency and the designation of areas subject to priority preventive measures, with the affected areas gradually expanded, led to significantly shorter store operating hours and voluntary suspension of sales-floor operations. As a result, conditions remained extremely challenging on a cumulative basis throughout the period, as they had the previous fiscal year.」
The cumulative impact of shorter operating hours and voluntary business closures due to infection-control measures continued, although it also described a recovery trend from October onward as the number of infections declined and the state of emergency was lifted. - FY2022-Q2RestatedAnnual report
「From October onward, consumer spending is expected to recover as vaccination rates improve. However, close attention must still be paid to downside risks from a renewed spread of infections, and consumer trends are expected to remain extremely uncertain.」
While indicating expectations for a recovery in consumption through vaccinations, it continued to describe downside risks from a renewed spread of infections and uncertainty surrounding consumer trends. - FY2022-Q1WorsenedAnnual report
「Going forward, a recovery in consumption is expected as measures such as vaccinations advance. However, close attention remains necessary to downside risks from the spread of infections, and consumption trends are considered extremely uncertain.」
While indicating expectations for a recovery in consumption through vaccinations and other measures, it continued to describe downside risks from the spread of infections and the extremely high uncertainty surrounding consumer trends. - FY2021WorsenedAnnual report
「The renewed declaration of a state of emergency toward the end of the fiscal year caused consumer sentiment to cool significantly, and the autumn and winter shopping season declined sharply again, as the company was unable to secure sufficient customer traffic, including for sales events.」
The impact of COVID-19 continued and intensified throughout the fiscal year in the form of a reissued state of emergency, weaker consumer sentiment and a downturn in the autumn and winter selling season. - FY2021-Q3WorsenedAnnual report
「Personal consumption is expected to remain depressed over the long term due to the impact of the renewed spread of COVID-19 since the end of the year.」
Regarding the impact of COVID-19, it indicated that the renewed spread of infections could cause personal consumption to remain depressed over the long term. - FY2021-Q2WorsenedAnnual report
「Personal consumption is expected to remain depressed for an extended period, and the apparel and accessories market, including our own, is also facing similarly difficult conditions. Recovery is expected to occur at different times depending on conditions in each region.」
Regarding the impact of COVID-19, it indicated the possibility that weak personal consumption would persist and that the timing of recovery would vary by region. - FY2021-Q1MaterialisedAnnual report
「The domestic economy during the cumulative consolidated period was severely affected by the global spread of COVID-19. In particular, inbound demand almost disappeared from April onward, while consumer sentiment weakened and personal consumption declined significantly against a backdrop of requests to close businesses and increasingly strong calls for people to refrain from going out following the declaration of a state of emergency.」
The spread of COVID-19 actually affected the business environment through the near disappearance of inbound demand, requests to close businesses, calls for people to refrain from going out, and a substantial decline in personal consumption. - FY2020First statedAnnual report
「The spread of COVID-19 may have a material impact on the financial position, operating results and cash flows of the Group.」
Temporary store closures, reduced operating hours and a substantial decline in consumption occurred toward the end of the fiscal year, and as of the filing date it was difficult to calculate the impact on the financial position, operating results and cash flows.