Significant Impact on Operations and Financial Results from the Spread of COVID-19
First written in FY2020. 7 of 18 entries say "Mitigated", first in FY2022-Q2. Latest entry: FY2025.
Ten Allied 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: 85 of 110 companies on the "Worse" side.
17 other companies' latest entry also says "Dropped".
- FY2025DroppedAnnual report
「The group's sales may fall below plan due to an economic downturn, man-made social unrest such as war and terrorism, natural disasters such as floods, earthquakes and epidemics, new openings by competitors, delays in the group's store openings and other factors, potentially affecting the group's consolidated results.」
The business risks section no longer contains a standalone description of the spread of COVID-19; infectious diseases have instead become one item within the general risk of fluctuations in sales. - FY2024RestatedAnnual report
「Although the impact of various restrictions on activity to prevent the spread of COVID-19 has become very limited, consumers' lifestyles and behavior have changed substantially, including increased working from home and avoidance of banquets.」
While the impact of restrictions on activity on operations has become very limited, changes in consumer behavior, such as increased working from home and avoidance of banquets, continue to be identified as risk factors. - FY2024-Q3RestatedAnnual report
「Although the impact of various restrictions on activities to prevent the spread of COVID-19 has become very limited, consumers' lifestyles and behavior have changed significantly, including increased working from home and avoidance of banquets, particularly in the dining-out industry.」
The company continues to state that the impact of restrictions on activity associated with COVID-19 has become very limited. At the same time, changes in consumer behavior remain a factor affecting operations and demand. - FY2024-Q2RestatedAnnual report
「Although the impact of various restrictions on activity to prevent the spread of COVID-19 has ended, consumers' lifestyles and behavior have changed substantially, including increased working from home and avoidance of banquets.」
The company continues to state that there are no longer any impacts from restrictions on activity associated with COVID-19. At the same time, changes in consumer behavior remain an influencing factor for demand for eating out. - FY2024-Q1MitigatedAnnual report
「Although the impact of various restrictions on activities aimed at preventing the spread of COVID-19 has disappeared, consumer lifestyles and patterns of behavior have changed substantially, including increased working from home and avoidance of banquets.」
The company stated that the impact of various restrictions on activity associated with COVID-19 had ended, indicating that the risk of operating constraints had weakened further from the previous fiscal year. Changes in consumer behavior, however, remain. - FY2023MitigatedAnnual report
「Although COVID-19 has been moving toward resolution following its reclassification to Category 5 under the Infectious Diseases Control Law, it may continue to affect the Group's financial condition, operating results and cash flows until customers' concerns about the infectious disease have been completely dispelled.」
The company described the reclassification of the infectious disease to Category 5 and its trend toward resolution, indicating that the risk of operating constraints had weakened from the previous fiscal year. At the same time, the impact on financial condition and operating results while customers remain wary continues to be identified as a risk. - FY2023-Q3RestatedAnnual report
「During the third quarter of the current consolidated cumulative period, although various restrictions on activity associated with the declaration and extension of states of emergency related to the spread of COVID-19 were lifted in Japan, uncertainty about the outlook remained unresolved as the prolonged Russia-Ukraine situation and rapid yen depreciation caused raw material and energy prices to soar, driving a sharp increase in prices across the economy.」
The lifting of various restrictions on activity eased operating constraints caused by the infectious disease, while uncertainty due to soaring raw material and energy prices and rising prices remained. The company continues to describe this situation. - FY2023-Q2MitigatedAnnual report
「During the second quarter of the current consolidated cumulative period, although various restrictions on activity associated with the declaration and extension of states of emergency related to the spread of COVID-19 were lifted in Japan, uncertainty about the outlook remained unresolved as the prolonged Russia-Ukraine situation and rapid yen depreciation caused raw material and energy prices to soar, driving a sharp increase in prices across the economy.」
Various restrictions on activity associated with states of emergency and other measures were lifted, and operating constraints caused by COVID-19 eased from the previous fiscal year. Sales and losses also improved year on year, but uncertainty, including changes in consumer behavior and rising costs, remained. - FY2023-Q1MitigatedAnnual report
「During the first quarter of the current consolidated cumulative period, although various restrictions on activity associated with the declaration and extension of states of emergency related to the spread of COVID-19 were lifted in Japan, uncertainty about the outlook remained unresolved as the prolonged Russia-Ukraine situation and rapid yen depreciation caused raw material and energy prices to soar, driving a sharp increase in prices across the economy.」
Various restrictions on activity associated with states of emergency and other measures were lifted, and operating constraints caused by COVID-19 eased from the previous fiscal year. Consolidated net sales also improved to 264.6% of the year-earlier level, but there was no statement that the impact of the infectious disease had been completely eliminated. - FY2022MitigatedAnnual report
「As a result of consolidated net sales being 81.1% of the year-earlier level, as described in the section on business progress, the company recorded a substantial net loss attributable to owners of the parent, and net assets decreased by the same amount.」
The impact of the infectious disease on operations and financial performance continued, but consolidated net sales improved from 40.9% to 81.1% of the year-earlier level, and the net loss for the period narrowed from ¥5,168 million to ¥339 million. - FY2022-Q3MitigatedAnnual report
「As a result, consolidated net sales for the nine months ended the third quarter of the current fiscal year were ¥3,298 million, or 69.9% of the same period of the previous year. Although selling, general and administrative expenses were reduced, the decline in sales resulted in an operating loss of ¥2,441 million, compared with an operating loss of ¥3,501 million in the same period of the previous year. However, due to non-operating income, including cooperation payments for preventing the spread of infection related to reduced operating hours, the company posted ordinary profit of ¥79 million, compared with an ordinary loss of ¥3,463 million, and quarterly net income attributable to owners of the parent of ¥42 million, compared with a quarterly net loss attributable to owners of the parent of ¥3,983 million.」
The impact of the infectious disease on operations and financial performance continued, but net sales improved from 41.4% to 69.9% of the year-earlier level, and the operating loss narrowed from ¥3,501 million to ¥2,441 million. Ordinary income and net income for the quarter were positive, while operating income remained negative. - FY2022-Q2MitigatedAnnual report
「Looking ahead, although there are signs of recovery following the resumption of alcoholic beverage service on 1 October, the company is taking measures including cutting nonessential and nonurgent costs, partially continuing employee secondments for a certain period while maintaining employment, reviewing annual capital investment, and negotiating reductions in store rents, with a focus on reducing fixed costs and improving its earnings structure.」
The impacts of temporary store closures, restrictions on serving alcoholic beverages, and requests for people to refrain from going out continued, but the company reported signs of recovery following the resumption of alcoholic beverage service on 1 October, and year-on-year sales and losses also improved. It did not state that the impact had been eliminated. - FY2022-Q1Partial easing of the impact of the infectious diseaseAnnual report
「Consolidated net sales for the first quarter of the current consolidated cumulative period were ¥861 million, or 82.8% of the year-earlier level. Although selling, general and administrative expenses were reduced, the operating loss was ¥1,042 million due to the impact of lower sales, compared with an operating loss of ¥1,497 million in the same period of the previous year.」
The impacts of the state of emergency, requests to suspend operations, restrictions on serving alcoholic beverages, and requests for people to refrain from going out continued, but net sales improved from 26.7% to 82.8% of the year-earlier level and the operating loss improved from ¥1,497 million to ¥1,042 million. There was no statement that the impact had been eliminated. - FY2021WorsenedAnnual report
「The timing of the end of the impact of COVID-19 remains uncertain. If the impact is prolonged, the company may continue to be forced to shorten store hours or suspend operations, which could have a significant impact on its financial condition, operating results and cash flows.」
The impact of the infectious disease continued, with full-year net sales at 40.9% of the year-earlier level and an operating loss of ¥4,650 million. For accounting purposes, the company assumed that the impact would continue through fiscal 2022. - FY2021-Q3WorsenedAnnual report
「Due to the spread of COVID-19, a state of emergency was declared in Japan, and the subsequent secondary spread of infections following its lifting had a significant impact on the business activities of the Group. The Group expects its business activities to continue to be affected, and, assuming that the impact will continue through fiscal 2021, has made accounting estimates for the application of impairment accounting to fixed assets.」
The impact of the infectious disease on business activities continued, and the assumption that the impact would continue through fiscal 2021 was maintained. For the 9-month period, net sales were 41.4% of the year-earlier level and the operating loss was ¥3,501 million. - FY2021-Q2WorsenedAnnual report
「Due to the spread of COVID-19, a state of emergency was declared in Japan, and the subsequent secondary spread of infections following its lifting had a significant impact on the business activities of the Group. The Group expects its business activities to continue to be affected, and, based on conditions in the second quarter, has revised its expectation regarding the time required for the impact to subside, now assuming that it will continue through fiscal 2021.」
The impact of the infectious disease on operations and financial performance continued into the second quarter, with net sales at 35.8% of the year-earlier level and an operating loss of ¥2,639 million. The assumption regarding the continuation of the impact was revised to extend through fiscal 2021. - FY2021-Q1MaterialisedAnnual report
「During the first quarter of the current consolidated cumulative period, the Japanese economy experienced a rapid downturn due to the declaration and extension of a state of emergency associated with the spread of COVID-19. Even after the state of emergency was lifted, the spread of the virus had not subsided and consumer activity remained severely depressed. As a result, consolidated net sales for the first quarter of the current consolidated cumulative period were ¥1,039 million, or 26.7% of the year-earlier level.」
The stagnation in consumer activity caused by the continued spread of COVID-19 and state-of-emergency declarations resulted in net sales at 26.7% of the year-earlier level and an operating loss of ¥1,497 million, among other actual impacts on operations and financial performance during the quarter. - FY2020First statedAnnual report
「The food service industry has been severely affected by the declaration of a state of emergency by the national government and requests from local governments to suspend business operations due to the spread of COVID-19.」
The company disclosed the spread of COVID-19 as an independent business risk for the first time. Sales at all directly operated stores in March were 59.3% of the year-earlier level, while a decline in sales due to requests to suspend operations and a net loss of ¥845 million for the period actually occurred.