Temporary recovery in orders in autumn due to the effect of Go To Travel

「In the souvenir wholesale business, the normalization of economic activity progressed following the reclassification of COVID-19 as a Category 5 infectious disease. Amid the continued recovery in tourism and leisure demand, the company strengthened new product development and sales, resulting in higher orders. Net sales were ¥6,064 million, up 18.6% year on year, and operating income was ¥547 million, up 55.8%.」

「In the souvenir wholesale business, the normalization of economic activity following the reclassification of COVID-19 as a Category 5 infectious disease progressed, and the recovery in tourism demand led to a recovery in visitor numbers at tourist destinations and higher orders. Net sales were ¥3,372 million, up 27.7% year on year, and operating income was ¥379 million, up 88.1%.」

「In the souvenir wholesale business, the normalization of economic activity following the reclassification of COVID-19 as a Category 5 infectious disease increased opportunities for people to go out, leading to a recovery in visitor numbers at tourist destinations and higher orders. Net sales were ¥1,562 million, up 24.5% year on year, and operating income was ¥165 million, up 91.7%.」

「In the souvenir wholesale business, the easing of restrictions on activities related to COVID-19 and various government policies supported the recovery of socioeconomic activity and domestic tourism. Orders also increased as travel support measures continued across local governments. Sales were ¥5,114 million, up 54.6% year on year, while operating profit was ¥351 million, compared with an operating loss of ¥52 million in the previous period.」

「Although the souvenir wholesale business continued to be affected by the spread of COVID-19, orders increased as travel support measures continued as part of the company’s With Corona initiatives. Sales were ¥4,080 million, up 52.6% year on year, while operating profit was ¥316 million, up 5,082.0%.」

「Although the souvenir retail business continued to be affected by calls to refrain from activities because of COVID-19, nationwide reviews of COVID-19 countermeasures progressed, use of prefectural resident discount programs promoted by local governments became more widespread, and the Zenkoji Temple Gokaicho was held in Nagano City after a one-year postponement. Sales were ¥503 million, up 161.3% year on year, and operating profit was ¥64 million, compared with an operating loss of ¥49 million in the same quarter of the previous year.」

「Although restrictions on activities due to COVID-19 continued in the souvenir retail business, the gradual easing of restrictions and increased use of prefectural resident discounts promoted by local governments progressed. In Nagano, the Zenkoji Temple Gokaicho event, which had been postponed for 1 year, was also held,」

「From October, after the state of emergency was lifted, foot traffic recovered as measures to stimulate tourism demand and personal consumption, including the expansion of areas eligible for prefectural travel discounts and the issuance of region-specific coupons by municipalities, proved effective. Group travel, including school trips, increased at tourist destinations, and visits to family homes became more active toward the end of the year, resulting in a temporary recovery in service consumption such as dining out and travel.」

「In the souvenir retail business, the number of tourists fell sharply as COVID-19 spread, and some stores were forced to close during the state of emergency declared in April of the previous year. The company therefore renovated the takeaway corner inside 旬粋. Overall, the business temporarily recovered due to the effect of Go To Travel, but the renewed spread of infections from the end of the year onward and the closure of some stores following the expiration of their contracts also had an impact,」

「Orders temporarily recovered from autumn onward due to the effect of Go To Travel, but」