Risk of declining customer traffic and business interruptions due to COVID-19
First written in FY2020. 3 of 10 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2024-Q1.
Shimamura 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.
33 other companies' latest entry also says "Mitigated".
- FY2024-Q1MitigatedAnnual report
「In early May, the legal classification of coronavirus infections was changed to Category 5, and infection control became a matter of individual judgment. Social life returned to normal, and domestic travel during Golden Week recovered to levels comparable to before the COVID-19 pandemic.」
The transition of infectious diseases to Category 5 and the shift to voluntary infection control measures returned social life to normal, while domestic travel recovered to levels comparable to before the COVID-19 pandemic. - FY2023MitigatedAnnual report
「In response to the spread of infectious diseases, we place the safety and health of customers, employees and other stakeholders first and, to enable all customers to shop with confidence, will continue operating stores to the extent possible after implementing the necessary infection prevention measures.」
In response to the risk of lower customer traffic and business interruptions due to infectious diseases, the company indicated its policy of continuing infection prevention measures, store operations and changes to product assortments in response to changes in demand. - FY2023-Q2MitigatedAnnual report
「There were many rainy days from June through the first half of July, and requests to refrain from going out continued as infections spread. From the second half of July through August, however, sunny and hot days continued, and the atmosphere of refraining from going out eased.」
In Taiwan, after requests to refrain from going out continued amid the spread of infections, the atmosphere of self-restraint eased from the second half of July. 思夢樂's sales increased 22.9% year on year, and the impact of the infectious disease on operations and customer traffic eased from the previous fiscal year. - FY2022-Q3RestatedAnnual report
「The Group will continue to monitor the future situation regarding the impact of the novel coronavirus infection on the business.」
While stating that there were no new risks, the company reiterated its policy of continuing to monitor the impact of the novel coronavirus infection on the business. - FY2022-Q2MaterialisedAnnual report
「In Taiwan, after coronavirus infections spread rapidly in mid-May, infection alert level 3 remained in effect across Taiwan until late July, and strict disease prevention measures were implemented. As a result, 思夢樂's sales fell sharply, down 70.5% year on year in June and 36.1% in July. From late July onward, the number of new infections declined, the infection alert level was lowered to level 2 and disease prevention measures were eased, resulting in a recovery trend in sales.」
Restrictions on going out and business operations across Taiwan resulted in an actual impact on 思夢樂's sales, which declined 70.5% year on year in June and 36.1% in July. A recovery trend from late July onward was also noted. - FY2022-Q1MaterialisedAnnual report
「However, from mid-May onward, coronavirus infections spread rapidly and restrictions on going out were imposed across Taiwan, resulting in a sharp decline in sales.」
The spread of the novel coronavirus resulted in restrictions on going out across Taiwan and a sharp decline in sales. - FY2021RestatedAnnual report
「In response to these risks, the Group places the safety and health of customers, employees and other stakeholders first and, to enable all customers to shop with confidence, will continue operating stores to the extent possible after implementing the necessary infection prevention measures.」
The risk of lower customer traffic and business interruptions due to infectious diseases continued to be disclosed, with infection prevention measures, continued store operations and changes to product assortments in response to changes in demand reiterated as countermeasures. - FY2021-Q3RestatedAnnual report
「The Group will continue to monitor the future situation regarding the impact of the novel coronavirus infection on the business.」
While stating that there were no new risks, the company reiterated its policy of continuing to monitor the impact of the novel coronavirus infection on the business. - FY2021-Q1MaterialisedAnnual report
「Due to the impact of the novel coronavirus infection, up to 80 stores were closed in Japan after the declaration of a state of emergency on 7 April, and operating hours were shortened at all stores for one month from 17 April. Although stores continued operating after implementing measures to prevent infection among customers and employees, customer traffic declined sharply, down 21.6% year on year, due to requests to refrain from going out and from promotional activities.」
The infectious disease risk materialized in the form of up to 80 store closures, reduced operating hours at all stores and a 21.6% decline in customer traffic. - FY2020First statedAnnual report
「The Group's performance may be affected if customer traffic declines due to requests to refrain from going out or if we are forced to suspend operations as the novel coronavirus infection spreads.」
The potential impact on performance from the novel coronavirus infection through lower customer traffic due to requests to refrain from going out and business interruptions was first described as a separate business risk.