Impact of the Spread of COVID-19 on Store Operations, Demand and Supply Chains
First written in FY2020. 6 of 15 entries say "Softened", first in FY2023-Q1. Latest entry: FY2024-Q3.
Joshin 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.
7 other companies' latest entry also says "Softened".
- FY2024-Q3SoftenedAnnual report
「During the nine-month period of the current fiscal year, Japan's economy saw increased domestic and international mobility as restrictions on activities were eased following the reclassification of COVID-19, strengthening the trend toward normalization.」
It describes the easing of restrictions on activities, increased mobility and progress toward economic normalization following the reclassification of COVID-19, and states that direct constraints on store operations and demand have eased further. - FY2024-Q2SoftenedAnnual report
「During the six-month period, Japan's economy moved toward normalization as the movement of people in Japan and overseas became more active following the reclassification of COVID-19.」
It states that the reclassification of COVID-19 has led to increased mobility and progress toward economic normalization, and that direct constraints on store operations and demand have eased further. - FY2024-Q1SoftenedAnnual report
「During the first three months of the fiscal year, Japan's economy showed steady signs of a resumption of social and economic activity as restrictions were eased following the reclassification of COVID-19 and the movement of people in Japan and overseas resumed.」
The company describes regulatory easing following the reclassification of COVID-19, the resumption of the movement of people, and the reopening of social and economic activity, stating that the previous direct constraints on store operations and demand have eased to some extent. - FY2023-Q3SoftenedAnnual report
「Although economic activity was normalizing as restrictions on daily activities were eased with a view to living with and moving beyond COVID-19, Japan's economy during the third quarter of the consolidated cumulative period faced soaring raw material prices against the backdrop of heightened global tensions stemming from the Ukraine situation. Repeated price increases for various products, utilities and services, together with financial market instability, meant that the economic outlook remained exceptionally uncertain.」
The company states that restrictions on daily activities have been eased and economic activity has moved toward normalization regarding COVID-19, with recent constraints on store operations and demand easing to some extent. However, uncertainty over the economic outlook has continued. - FY2023-Q2SoftenedAnnual report
「Although restrictions related to COVID-19 were being eased during the second quarter of the consolidated cumulative period, financial market instability continued amid mounting global tensions, including Russia's invasion of Ukraine, soaring raw material prices and an accelerating yen depreciation resulting from overseas interest-rate hikes. Conditions remained exceptionally uncertain going forward.」
Regulatory easing, including the relaxation of restrictions on activities, has progressed regarding COVID-19. While recent constraints on store operations and demand have eased to some extent, uncertainty over the outlook has continued. - FY2023-Q1SoftenedAnnual report
「During the cumulative first-quarter consolidated reporting period, Japan's economy showed signs of a partial recovery as restrictions related to COVID-19 were eased. However, against a backdrop of heightened global tensions arising from Russia's invasion of Ukraine and other factors, supply-side constraints such as higher raw material prices and supply chain disruptions, as well as increased financial market instability, including an excessively weak yen associated with overseas interest-rate hikes, persisted, leaving the economic outlook extremely uncertain and difficult to foresee.」
The company describes regulatory easing and signs of a partial recovery regarding COVID-19. While the recent impact on store operations and demand has eased to some extent, uncertainty over when the situation will be brought under control has continued. - FY2022RestatedAnnual report
「As COVID-19 continued and economic activity remained stagnant, with no signs that the situation would be brought under control, the Group had previously been forced to close stores following declarations of a state of emergency and continues to be forced to shorten business hours.」
The company has reconfirmed continued COVID-19, store closures and shortened business hours, changes in consumer behavior, and disruption to the movement of people and goods as major risks, and describes measures including infection-prevention measures, changes to business hours and digital promotions. - FY2022-Q3Update on infection conditions and economic activityAnnual report
「As the impact of COVID-19 on economic activity gradually eased during the third quarter of the consolidated cumulative period, the emergence of highly contagious variants caused concern about a renewed spread of infections. The economy remained in a recessionary phase, and conditions remained exceptionally uncertain.」
The company states that although the impact of COVID-19 on economic activity has gradually begun to ease, concerns over a renewed spread caused by variants and the economic downturn have continued. - FY2022-Q2RestatedAnnual report
「Amid the spread of COVID-19 and repeated government declarations of a state of emergency imposing significant restrictions on economic activity, the economy remained in a recessionary phase and conditions remained exceptionally uncertain during the second quarter of the consolidated cumulative period.」
The company has reconfirmed as an infection-related risk that the spread of COVID-19 has continued to cause disruption and restrictions on economic activity, an economic downturn and impacts on consumer spending and corporate activity. - FY2022-Q1RestatedAnnual report
「Japan's economy during the first quarter of the consolidated cumulative period remained in a recessionary phase, with economic activity in Japan and overseas stagnating, private consumption weak and corporate activity contracting due to the spread of COVID-19. Although government measures including vaccinations were progressing, conditions remained exceptionally uncertain, with no clear end in sight, including the issuance of prefecture-level states of emergency following an increase in infections during the fiscal year.」
The spread of COVID-19, stagnation of economic activity, weak consumer spending, contraction in corporate activity and declarations of a state of emergency have continued, and the company has reconfirmed the risk posed by the infection. - FY2021RestatedAnnual report
「Amid a lack of signs that the situation would be brought under control, including a slowdown in economic activity caused by the spread of COVID-19, the Group was forced to close stores and shorten business hours following the declaration of a state of emergency.」
The company has reconfirmed the stagnation of economic activity, store closures and shortened business hours, and the impact on demand and cash flow caused by the spread of COVID-19 as major risks, and describes measures including infection-prevention measures, changes to business hours and changes to sales methods. - FY2021-Q3MaterialisedAnnual report
「As the global spread of COVID-19 continued during the third quarter of the consolidated cumulative period, economic activity in Japan and overseas stagnated significantly, private consumption weakened and corporate activity contracted sharply. The economy remained in a recessionary phase, and concerns also arose over the impact of what was viewed as a third wave of infections in Japan. Conditions therefore remained exceptionally uncertain, unprecedented in scale.」
The global spread of COVID-19, significant stagnation of economic activity, weak consumer spending, contraction in corporate activity and concerns over the impact of a third wave have continued. - FY2021-Q2MaterialisedAnnual report
「During the six-month period, Japan's economy entered a recessionary phase as the global spread of COVID-19 continued, economic activity in Japan and overseas came to a significant standstill, and the government's declaration of a state of emergency was followed by requests for stores to close and for people to refrain from going out. Consumer spending weakened and corporate activity contracted sharply.」
The company states that the global spread of COVID-19, significant stagnation of economic activity, requests for store closures, calls for people to refrain from going out and weak consumer spending have continued. It also describes demand for consumer electronics related to telework and the growth of e-commerce sales. - FY2021-Q1MaterialisedAnnual report
「During the first three months of the fiscal year, the Japanese economy shifted from a gradual recovery trend to an unprecedentedly uncertain state as the global spread of COVID-19 caused economic activity to come to a significant standstill. Following the declaration of a state of emergency, the Group was forced to suspend operations at some stores and shorten business hours.」
The significant stagnation of economic activity caused by COVID-19 continued, and some stores actually suspended operations or shortened business hours following the declaration of a state of emergency. - FY2020First statedAnnual report
「Amid a lack of signs that the situation would be brought under control, including a slowdown in economic activity caused by the spread of COVID-19, the Group was forced to close stores and shorten business hours from April onward following the declaration of a state of emergency.」
The company has for the first time identified store closures and shortened business hours caused by the spread of COVID-19, weaker consumer spending, lower operating cash flow and changes in consumer behavior as separate major risks.