Store Operations and Performance Risks from the Global Spread of COVID-19
First written in FY2020. 6 of 16 entries say "Restated". Latest entry: FY2025.
Mos Food Services 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: 69 of 91 companies on the "Worse" side.
8 other companies' latest entry also says "Reframed".
- FY2025ReframedAnnual report
「Infectious disease risk Deterioration in performance caused by store closures, temporary shutdowns and shorter operating hours; reputational damage; illness; outbreaks; failure to fulfill the duty of care for safety; declining productivity; and other factors」
The risk disclosure has been reorganized from the previous focus on COVID-19 to a general infectious disease risk category covering store closures and temporary shutdowns, outbreaks, health and safety, declining productivity and other factors. - FY2024-Q3SoftenedAnnual report
「During the third quarter of the current consolidated fiscal year, economic activity normalized as COVID-19 was reclassified to Category 5, and demand for dining out showed signs of recovery, aided by the return of inbound tourism.」
The disclosure describes the reclassification of COVID-19 to Category 5, the normalization of economic activity, the recovery in inbound tourism, and the recovery in demand for dining out, indicating that the business-environment risk from the pandemic was weakening. - FY2024-Q2SoftenedAnnual report
「During the second quarter of the current consolidated fiscal year, economic activity normalized as restrictions on behavior related to COVID-19 were eased, and demand for dining out showed signs of recovery.」
The easing of restrictions on behavior and the recovery in demand for dining out were disclosed, indicating that the business-environment risk from COVID-19 was weakening compared with previous fiscal years. ② quantified: false, materialized: false. - FY2024-Q1SoftenedAnnual report
「During the first quarter of the current consolidated fiscal year, economic activity normalized as restrictions on behavior related to COVID-19 were eased, and demand for dining out showed signs of recovery.」
The easing of restrictions related to the pandemic and the recovery in demand for dining out were disclosed, indicating an improvement from the previous impact of the pandemic. - FY2023-Q3RestatedAnnual report
「In overseas operations, variants of COVID-19 spread across Asia this year, and difficult conditions have continued. Although restrictions on dining out have gradually been eased in some regions, consumer appetite has not yet fully recovered.」
The impact on overseas operations from the spread of variants in Asia and the delayed recovery in consumer appetite has continued. - FY2023-Q2RestatedAnnual report
「In overseas operations, variants of COVID-19 spread across Asia this year, and difficult conditions have continued. Although restrictions on dining out have gradually been eased in some regions, consumer appetite has not yet fully recovered.」
The impact on overseas operations from the spread of variants in Asia and the delayed recovery in consumer appetite has continued. - FY2023-Q1RestatedAnnual report
「During the first three months of the fiscal year, while the impact of COVID-19 continued for an extended period and declining infection numbers raised hopes of an economic recovery, the food service industry remained in a challenging operating environment due to soaring global resource prices, rapidly weakening yen and resulting increases in raw material and logistics costs.」
The prolonged impact of the pandemic and its severe effects on the restaurant industry continue to be recognized. - FY2022RestatedAnnual report
「Uncertainty about the outlook has continued because of the global spread of COVID-19 and changes in the international political situation.」
Uncertainty in the restaurant industry caused by the global spread of the pandemic continues to be recognized alongside changes in the international situation. - FY2022-Q3WorsenedAnnual report
「However, the situation remains uncertain, with infections resurging due to new variants and raw material costs soaring.」
The disclosure describes the renewed spread of infections caused by new variants, indicating heightened uncertainty surrounding the restaurant industry as a result of COVID-19. - FY2022-Q2RestatedAnnual report
「In the restaurant industry in particular, although there were no large-scale closures of stores in commercial facilities as in the same period of the previous year, stores in areas subject to the state of emergency and priority preventive measures were asked to cooperate by shortening operating hours. The industry has also remained in a difficult operating environment because customers have been asked to refrain from going out and have sought contactless elements in services.」
The difficult environment for the restaurant industry has continued because of COVID-19, requests to shorten operating hours, requests to refrain from going out, and preferences for contactless services. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, the global spread of COVID-19, which still showed no sign of subsiding, had various impacts on economic and social activity. The restaurant industry also remained in a difficult operating environment, as areas affected by the spread of infections were asked to cooperate by shortening operating hours under the state of emergency and the priority preventive measures, while requests to refrain from going out and heightened awareness of avoiding contact continued.」
A difficult operating environment has continued because of the spread of COVID-19, requests to shorten operating hours, requests to refrain from going out and other factors. - FY2021WorsenedAnnual report
「Although the impact of COVID-19 on the Group’s businesses varies in nature and degree by business, we have prepared accounting estimates on the assumption that the impact of these conditions will remain to a certain extent in the next consolidated fiscal year.」
The company stated its assumption that the impact of the pandemic would remain to a certain extent in the next consolidated fiscal year, and continued to expect the effects to be prolonged. - FY2021-Q3WorsenedAnnual report
「After the state of emergency was lifted in May, the economy temporarily recovered on the back of government economic measures. However, the environment surrounding the restaurant industry remains difficult because of a new wave of infections, also referred to as the third wave.」
The third wave of new infections has prolonged the difficult environment for the restaurant industry and the deterioration in economic conditions. - FY2021-Q2MaterialisedAnnual report
「Although the Group also temporarily closed stores and shortened operating hours, we recognized our social role as part of the infrastructure of daily life and continued operating.」
While temporary closures and shorter operating hours continued as a result of COVID-19, the company worked to continue operating as part of the infrastructure of daily life. - FY2021-Q1MaterialisedAnnual report
「In response to requests from national and local governments to take emergency measures, stores in Japan and overseas temporarily closed or shortened their operating hours. Although demand for takeout and delivery increased as people’s consumption patterns changed because of requests to refrain from going out, the business, which is centered on dine-in service, faced extremely difficult conditions.」
Temporary store closures, shorter operating hours, and lower demand for dine-in service caused by COVID-19 had occurred in Japan and overseas, making the impact on the business concrete. - FY2020First statedAnnual report
「With COVID-19 spreading globally since December 2019, infections also expanded across Asia, including Japan, where the Group operates, making an impact on business activities unavoidable.」
COVID-19 was disclosed for the first time as a standalone major risk. The domestic state of emergency, requests to refrain from going out, voluntary suspension of store operations, overseas lockdowns and other measures had already resulted in lower customer traffic, temporary closures and shorter operating hours.