Business restrictions, declining customer traffic and deteriorating performance due to the spread of COVID-19
First written in FY2021-Q1. 7 of 16 entries say "Restated". Latest entry: FY2025-Q1.
Chiyoda 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".
- FY2025-Q1SoftenedAnnual report
「During the cumulative first quarter period, the Japanese economy showed signs of a gradual recovery due to the recovery in human mobility accompanying the normalization of social activity and an increase in inbound demand.」
The description has shifted from the direct impact of activity and operating restrictions due to COVID-19 and declining store traffic to a phase characterized by the normalization of social activity and the recovery of human mobility. - FY2024ReframedAnnual report
「In addition, changes in social activity in the post-pandemic period, including the spread of telework, will lead to changes in consumer purchasing behavior, making further measures necessary going forward.」
The situation is characterized as a risk requiring a response to changes in social activity and purchasing behavior in the post-pandemic period, following the phase centered on operating restrictions and declining store traffic due to COVID-19. - FY2024-Q3ReframedAnnual report
「During the cumulative third quarter period, the Japanese economy remained on a gradual recovery trend, with personal consumption recovering and inbound demand increasing as restrictions on activities due to COVID-19 were eased.」
The description has shifted from a phase centered on operating restrictions and declining store traffic due to COVID-19 to a phase of recovering personal consumption and inbound demand after restrictions on activities were eased. However, concerns such as rising prices remain. - FY2024-Q2ReframedAnnual report
「During the cumulative second quarter period, the Japanese economy remained on a gradual recovery trend, with personal consumption recovering and inbound demand increasing as COVID-19 was reclassified as a Category 5 disease and restrictions on activities imposed to prevent the spread of infection were lifted.」
The description has shifted from operating restrictions and declining store traffic during the COVID-19 pandemic to a phase of economic activity recovering after COVID-19 was reclassified as a Category 5 disease and restrictions on activities were lifted. - FY2024-Q1ReframedAnnual report
「During the cumulative first quarter period, the Japanese economy entered a gradual recovery trend as restrictions on activities imposed to prevent the spread of COVID-19 were lifted, leading to a recovery in personal consumption and an increase in inbound demand.」
The description has shifted from the previous situation centered on activity and operating restrictions due to COVID-19 to a phase of economic activity recovering after restrictions were lifted. However, concerns about weaker consumer sentiment due to rising prices and other factors remain. - FY2023RestatedAnnual report
「Although customer traffic has returned following the easing of restrictions on going out, the footwear and apparel retail industry in which our Group operates has not returned to pre-COVID-19 levels and continues to face extremely difficult operating conditions.」
While acknowledging the recovery in store traffic after restrictions on going out were eased, the company continues to describe the lingering impact of COVID-19, with conditions still below pre-pandemic levels. - FY2023-Q3RestatedAnnual report
「Although customer traffic has returned following the easing of restrictions on going out, the footwear and apparel retail industry in which our Group operates has not returned to pre-COVID-19 levels and continues to face extremely difficult operating conditions.」
While acknowledging the recovery in store traffic after restrictions on going out were eased, the company continues to describe the lingering impact of COVID-19, which has not returned conditions to pre-pandemic levels. - FY2023-Q2RestatedAnnual report
「Although customer traffic has returned following the easing of restrictions on going out, the footwear and apparel retail industry in which our Group operates has not returned to pre-COVID-19 levels and continues to face extremely difficult operating conditions.」
While acknowledging the recovery in store traffic after restrictions on going out were eased, the company continues to describe a situation in which the impact of COVID-19 on demand and store visits has not returned to pre-pandemic levels. - FY2023-Q1ReframedAnnual report
「The footwear and apparel retail industry in which our Group operates has shown signs of gradual improvement as economic activity resumes following the easing of restrictions on movement, but has not returned to pre-COVID-19 levels and continues to face difficult operating conditions.」
The impact of restrictions on activities due to COVID-19 eased, and the company described the resumption of economic activity and signs of improvement. However, conditions did not return to pre-pandemic levels, indicating that the impact remains. - FY2022-Q3RestatedAnnual report
「The footwear and apparel retail industry in which our group operates also faced an extremely challenging business environment, as the tendency to refrain from going out, including the spread of telework, had a significant negative impact. Under these circumstances, our group continued operating while prioritizing the peace of mind and safety of customers and employees and implementing measures against COVID-19, but sales remained sluggish due to the spread of COVID-19,」
The company continues to describe the negative impact of telework and the tendency to refrain from going out on demand, as well as sluggish sales due to the spread of infections. - FY2022-Q2RestatedAnnual report
「The footwear and apparel retail industry in which our Group operates is also facing extremely difficult operating conditions, amid concern that the negative effects of the tendency to refrain from going out will be prolonged.」
The company continues to describe concerns that the negative impact of the tendency to refrain from going out on demand and store visits may persist for an extended period. - FY2022-Q1RestatedAnnual report
「The footwear and apparel retail industry in which our Group operates is also facing extremely difficult operating conditions, amid concern that the negative effects of the tendency to refrain from going out will be prolonged.」
The company continues to describe the tendency to refrain from going out due to COVID-19 and concerns that its impact may persist for an extended period. Performance improved due to the rebound from the substantial decline in revenue in the same period of the previous year, but descriptions of the challenging industry environment continue. - FY2021WorsenedAnnual report
「However, the decline in store traffic caused by the spread of COVID-19, which continued in second and third waves, had a significant impact. Although sneakers and children's shoes showed signs of recovery, overall performance remained sluggish, particularly in business shoes, and same-store sales for the consolidated fiscal year declined 14.8%.」
A decline in store traffic caused by the second and third waves of infections resulted in a 14.8% decline in full-year same-store sales in the footwear business. Company-wide net sales declined 17.0% and operating loss was ¥4,475 million, making the impact apparent in full-year performance. - FY2021-Q3WorsenedAnnual report
「Same-store sales for the cumulative third quarter period declined 31.0% year on year in the first quarter due to the declaration of a state of emergency amid the spread of COVID-19. In the second quarter, after the state of emergency was lifted, sales recovered to nearly the previous year’s level, declining 1.0%. However, the resurgence of infections led to a 12.2% decline in the third quarter, resulting in a 15.5% decline for the cumulative period.」
Same-store sales temporarily recovered after the state of emergency was lifted, but deteriorated again in the third quarter, declining 12.2% year on year due to the resurgence of infections, and declined 15.5% on a cumulative basis. - FY2021-Q2RestatedAnnual report
「However, the decline in store traffic caused by calls to refrain from going out, store closures and reduced operating hours had a significant impact on performance and could not be fully offset through expense controls such as cutting advertising and promotional expenses.」
The impact of calls to refrain from going out, store closures and reduced operating hours on store traffic and performance continued and could not be absorbed through expense controls such as cuts in advertising and promotional expenses. - FY2021-Q1MaterialisedAnnual report
「The footwear and apparel retail industry in which our group operates also faced a persistently challenging business environment. Calls to refrain from going out and the promotion of telework led to a pronounced decline in fashion demand, particularly demand for business-related products, while heightened consumer caution about household finances also kept average selling prices from increasing. Net sales were ¥20,868 million, down 33.8% year on year; operating loss was ¥1,562 million, compared with operating income of ¥1,474 million in the same period of the previous year; ordinary loss was ¥1,616 million, compared with ordinary income of ¥1,552 million; and net loss attributable to owners of the parent was ¥1,306 million, compared with net income attributable to owners of the parent of ¥717 million.」
It states that calls to refrain from going out, telework and store closures due to COVID-19 reduced demand and store traffic, resulting in lower revenue, an operating loss, an ordinary loss and a net loss attributable to owners of the parent.