Impact of the COVID-19 Pandemic on Product Supply and Store Operations
First written in FY2020. 5 of 15 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2026RestatedAnnual report
「If a state of emergency or similar measure is declared due to the spread of COVID-19 or other infectious diseases, the impact on business performance may expand because of disruptions to product supply and store suspensions.」
The company continues to disclose the risk of infectious diseases disrupting product supply and suspending store operations, together with its response of implementing infection-prevention measures at stores and strengthening e-commerce. - FY2025RestatedAnnual report
「If a state of emergency or similar measure is declared due to the spread of COVID-19 or other infectious diseases, the impact on business performance may expand because of disruptions to product supply and store suspensions.」
The company continues to disclose infectious disease risk, preventive measures at stores and the strengthening of e-commerce, which is less susceptible to the impact of infectious diseases. - FY2024-Q1SoftenedAnnual report
「Due to the easing of various behavioral restrictions and increased demand for going out following the reduction in the impact of COVID-19, including the reclassification of the disease, signs of a recovery in personal consumption were seen.」
The company described the reduced impact of infectious diseases, the easing of behavioral restrictions and the recovery in demand for going out, explaining that the impact of infectious diseases on store operations and consumption had eased compared with the past. - FY2023RestatedAnnual report
「If a state of emergency or similar measure is declared due to the spread of COVID-19 or other infectious diseases, the impact on business performance may expand because of disruptions to product supply and store suspensions. Stores are taking measures to prevent and control infections, including providing hand sanitizer, requiring masks and maintaining social distancing. As a basic policy, we are also strengthening and expanding the e-commerce business, which is less susceptible to the impact of infectious diseases.」
The company continues to disclose the impact of infectious diseases on product supply and store operations as a risk, with infection-prevention measures at stores and the strengthening of its e-commerce business as its response policy. - FY2023-Q3SoftenedAnnual report
「As the impact of the resurgence of COVID-19 since mid-July diminished, signs of a recovery in personal consumption were seen alongside the easing of behavioral restrictions and increased demand for going out.」
The company described the diminishing impact of the resurgence of COVID-19 and a recovery in personal consumption resulting from eased behavioral restrictions and increased demand for going out, softening its description of the impact of the infection compared with previous quarters. - FY2023-Q2MaterialisedAnnual report
「Meanwhile, the resurgence of COVID-19 infections from mid-July, after the outbreak had been moving toward containment since mid-March, affected store traffic. As a result, same-store sales for the cumulative second quarter increased 15.0% year on year.」
The company described the resurgence of COVID-19 in relation to actual sales conditions, stating that it affected the number of store visitors. Same-store sales increased 15.0% year on year. - FY2023-Q1SoftenedAnnual report
「Although the impact of COVID-19 remained, including the quasi-emergency measures that continued through mid-March, signs of a recovery were seen due to the wider adoption of vaccinations and other factors.」
While stating that the impact of COVID-19 remained, the company described signs of a recovery resulting from the wider adoption of vaccinations and the termination of the measures in mid-March, softening the previous period's uniformly negative description of the impact. - FY2022MitigatedAnnual report
「If a state of emergency or similar measure is declared due to the spread of COVID-19, the impact on business performance may expand because of disruptions to product supply and store suspensions. Stores are taking measures to prevent and control infections, including providing hand sanitizer, requiring masks and maintaining social distancing. As a basic policy, we are also strengthening and expanding the e-commerce business, which is less susceptible to the impact of infectious diseases.」
As a response to infectious disease risk, the company explicitly stated that its basic policy is to strengthen and expand its less-affected e-commerce business in addition to infection-prevention measures at stores. - FY2022-Q3RestatedAnnual report
「Although store closures and shortened operating hours implemented in response to states of emergency and other measures were eased gradually and the state of emergency was lifted, consumers continued to refrain from spending because of the effects of the state of emergency that continued through the end of September 2021, and the business environment remained difficult.」
Although store closures and reduced operating hours have eased, consumers' tendency to refrain from spending due to COVID-19 and the difficult operating environment continue. - FY2022-Q2RestatedAnnual report
「In the apparel and fashion industry, the operating environment remained difficult due to reduced purchase demand caused by requests to refrain from going out and the cancellation or scaling back of various events, as well as store closures and reduced operating hours in response to declarations of a state of emergency and other measures.」
The impact on operations from requests to refrain from going out, scaled-back events, store closures and reduced operating hours related to COVID-19 continues. - FY2022-Q1MaterialisedAnnual report
「Due to declarations of a state of emergency and other measures, up to 22 stores were closed all day, 34 stores operated with reduced hours, and 19 stores operated shorter hours on weekdays and were closed on weekends.」
Declarations of a state of emergency and other measures resulted in up to 22 stores being closed all day, 34 stores operating with reduced hours, and 19 stores operating shorter hours on weekdays and closing on weekends. - FY2021-Q3MaterialisedAnnual report
「However, in addition to the impact of self-restraint from going out following the resurgence of COVID-19 infections, unseasonably high temperatures caused autumn merchandise and cold-weather clothing to struggle, resulting in a 30.7% year-on-year decline in same-store sales for the cumulative third quarter.」
The continuing impact of the resurgence of COVID-19 and requests to refrain from going out became evident in a substantial year-on-year decline in same-store sales. - FY2021-Q2MaterialisedAnnual report
「In the apparel and fashion industry, the operating environment remained difficult due to store closures and reduced operating hours in response to requests from the government and local authorities to refrain from going out, declarations of a state of emergency and other requests from local authorities.」
The impact of requests to refrain from going out, store closures and reduced operating hours related to COVID-19 continued during the cumulative second-quarter period and became evident in the form of a difficult operating environment. - FY2021-Q1MaterialisedAnnual report
「Following the government's declaration of a state of emergency in April and other measures, up to 212 stores were closed and 54 stores operated with reduced hours. Following the lifting of the declaration, as of the end of the first quarter accounting period, 5 stores were closed and 257 stores were operating with reduced hours.」
Government requests related to the spread of COVID-19 resulted in the closure of up to 212 stores and reduced hours at 54 stores. As of the period-end, 5 stores remained closed and 257 stores were operating with reduced hours. - FY2020First statedAnnual report
「The spread of COVID-19 has caused disruptions in product supply, and some stores have suspended operations based on the state of emergency declaration and related requests from certain local governments. If the number of stores suspending operations increases or the suspension period is extended, the impact on business performance may expand.」
The company identified COVID-19 as an independent business risk for the first time and stated that disruptions to product supply and store closures had already occurred. Elsewhere, it quantified the impact as 214 stores closed and 49 stores operating with reduced hours.