Impact of COVID-19 on tourism and store operations
First written in FY2020. 7 of 15 entries say "Mitigated", first in FY2023-Q1. Latest entry: FY2024.
Takachiho 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: 30 of 35 companies on the "Worse" side.
16 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「During the fiscal year under review, the Japanese economy continued to recover moderately as economic activity normalized following the reclassification of COVID-19 as a Class 5 infectious disease.」
The company’s explanation has shifted to state that economic activity normalized and tourism and leisure demand also recovered following the reclassification of COVID-19 as a Class 5 infectious disease. - FY2024-Q3MitigatedAnnual report
「The normalization of economic activity has progressed following the reclassification of COVID-19 as a Class 5 infectious disease, and the economy is also gradually recovering along with the recovery in personal consumption. We will continue to closely monitor changes in the situation and respond accordingly.」
While stating that the recovery of economic activity and personal consumption is progressing following the reclassification as a Class 5 infectious disease, the company says it will continue to monitor and respond to changes in the situation concerning the infectious disease. - FY2024-Q1MitigatedAnnual report
「The normalization of economic activity has progressed following the reclassification of COVID-19 as a Class 5 infectious disease, and the economy is also gradually recovering along with the recovery in personal consumption. We will continue to closely monitor changes in the situation and respond accordingly.」
While stating that the normalization of economic activity and recovery in personal consumption are progressing following the reclassification of the infectious disease as a Class 5 infectious disease, the company says it will continue to monitor and respond to changes in the situation. - FY2023MitigatedAnnual report
「As the effects of COVID-19 became limited, socioeconomic activity resumed, and personal consumption began to recover, the economy also showed signs of a moderate recovery.」
Although the effects of the infectious disease remain a risk, their impact has become limited, and sales and earnings in the mainstay businesses are improving through the recovery of socioeconomic activity, personal consumption and domestic tourism. - FY2023-Q3MitigatedAnnual report
「During the cumulative third quarter under review, the continued lifting of various restrictions on activities led to an increase in domestic tourists, and sales and earnings in each of the businesses related to the tourist souvenirs that are the mainstay of our Group were also on a recovery trend.」
Although the effects of the infectious disease continue, the lifting of restrictions on activities has increased the number of domestic tourists, and sales and earnings in each tourist souvenir business are on a recovery trend. - FY2023-Q2MitigatedAnnual report
「During the cumulative second quarter under review, the continued lifting of various restrictions on activities led to an increase in domestic tourists, and sales and earnings in each of the businesses related to the tourist souvenirs that are the mainstay of our Group were also on a recovery trend.」
Although the effects of the infectious disease continue, the lifting of restrictions on activities has increased the number of domestic tourists, and sales and earnings in each tourist souvenir business are on a recovery trend. - FY2023-Q1MitigatedAnnual report
「During the cumulative first quarter under review, the lifting of various restrictions on activities led to an increase in domestic tourists, and sales and earnings in each of the businesses related to the tourist souvenirs that are the mainstay of our Group were also on a recovery trend.」
Although the effects of COVID-19 and the risk of its prolonged impact continue, the lifting of restrictions on activities has increased the number of domestic tourists, and sales and earnings in each tourist souvenir business are on a recovery trend. - FY2022-Q3WorsenedAnnual report
「However, concerns about the spread of infection have not been dispelled, nationwide measures to stimulate tourism demand have been postponed until after the New Year, and inbound demand has remained almost nonexistent due to border restrictions imposed for infection control in response to the global spread of new variants. The business environment surrounding our Group therefore remains challenging.」
Although there was a temporary recovery in tourism and personal consumption, inbound demand has remained almost nonexistent due to the postponement of measures to stimulate tourism demand, the global spread of new variants and border restrictions. - FY2022-Q2RestatedAnnual report
「The risk associated with COVID-19 is also described under "Business and Other Risks" in the annual securities report. However, because the current spread and prolongation of COVID-19 are having a significant impact on the Group's business, the Group will continue to monitor changes in the situation closely and respond accordingly.」
The Company continues to recognize that the spread and prolongation of COVID-19 are having a significant impact on the Group's business and states that it will monitor the situation and respond accordingly. - FY2022-Q1RestatedAnnual report
「Because the current spread and prolongation of COVID-19 are having a significant impact on the Group's business, the Group will continue to monitor changes in the situation closely and respond accordingly.」
The Company continues to recognize that the spread and prolongation of COVID-19 are having a significant impact on its business and states that it will monitor the situation and respond accordingly. - FY2021WorsenedAnnual report
「In response to the spread of COVID-19, the Group took measures including temporarily closing some stores and shortening business hours. In addition, the decline in tourist numbers caused by requests to refrain from going out to avoid infection led to lower sales and had a significant impact on operating results and financial condition. Even at present, given the decline in tourist numbers and the postponement, cancellation or downsizing of large-scale events resulting from requests to refrain from going out associated with repeated declarations of a state of emergency, the impact on tourism, the Group's core business, remains uncertain.」
The impact of COVID-19 continued throughout the full year in the form of store closures, shorter operating hours, fewer tourists and the postponement, cancellation or downsizing of events, and uncertainty about the outlook for tourism persisted. - FY2021-Q3WorsenedAnnual report
「The risk associated with COVID-19 is also described under "Business and Other Risks" in the annual securities report. However, because the current spread and prolongation of COVID-19 are having a significant impact on the Group's business, the Group will continue to monitor changes in the situation closely and respond accordingly.」
The Company explicitly stated that the spread and prolongation of COVID-19 continue to have a significant impact on the Group's business. It also described requests to refrain from going out due to the third wave and restrictions on travel during the year-end and New Year period. - FY2021-Q2WorsenedAnnual report
「The risk associated with COVID-19 is also described under "Business and Other Risks" in the annual securities report. However, because the current spread and prolongation of COVID-19 are having a significant impact on the Group's business, the Group will continue to monitor changes in the situation closely and respond accordingly.」
The Company explicitly stated that the spread and prolongation of COVID-19 are having a significant impact on the Group's business and that it will continue to monitor the situation and respond accordingly. - FY2021-Q1WorsenedAnnual report
「Due to the voluntary suspension of operations at directly operated stores following the declaration of a state of emergency in response to the spread of COVID-19, and the substantial decline in domestic tourists resulting from requests to refrain from going out, the Company recorded an operating loss, ordinary loss and net loss attributable to owners of the parent as revenue in its core tourism souvenir business fell sharply.」
Store operating restrictions due to the infection, the decline in tourists and the sharp fall in revenue in the tourism souvenir business continued, resulting in a quarterly operating loss of ¥407 million and other losses. - FY2020First statedAnnual report
「In response to the spread of COVID-19, the Group took measures including temporarily closing some stores and shortening business hours. In addition, the decline in tourist numbers caused by requests to refrain from going out to avoid infection led to lower sales and had a significant impact on operating results and financial condition. Although restrictions such as requests to refrain from going out have gradually been eased, the impact on tourism, the Group's core business, remains uncertain, given the decline in tourist numbers and the postponement or cancellation of large-scale events.」
The actual closure of stores, shorter operating hours, decline in tourists and decline in sales caused by COVID-19 were reported separately as risks, with the outlook for the impact on tourism remaining uncertain.