Uncertainty over the business and accounting impact of COVID-19
First written in FY2021-Q1. 5 of 14 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2025: 2 of 10 companies on the "Worse" side.
15 other companies' latest entry also says "Dropped".
- FY2025DroppedAnnual reportThe FY2025 securities report did not discuss uncertainty over the business and accounting impact of COVID-19 as a standalone theme.
- FY2024MitigatedAnnual report
「During the consolidated fiscal year, the Japanese economy was moving toward a recovery in the movement of people and economic activity following the reclassification of COVID-19 as a Class 5 infectious disease,」
The Company explained that the movement of people and economic activity were moving toward recovery following the reclassification of COVID-19 as a Class 5 infectious disease. - FY2024-Q3MitigatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the Japanese economy was moving toward a recovery in the movement of people and economic activity following the reclassification of COVID-19 as a Class 5 infectious disease,」
The Company explained that the movement of people and economic activity were moving toward recovery following the reclassification of COVID-19 as a Class 5 infectious disease, and that the business impact of previous restrictions on activities was easing. - FY2024-Q1MitigatedAnnual report
「During the first quarter of the fiscal year, the movement of people in Japan was gradually returning to normal following the reclassification of COVID-19 as a Class 5 infectious disease. However, with prices rising, conditions made it difficult for the economy to enter an expansionary phase.」
Following the reclassification of COVID-19 as a Class 5 infectious disease, the movement of people has been returning to normal and the impact of previous restrictions on activities has eased. At the same time, new demand and earnings pressure from higher prices remains. - FY2023Lingering impacts and easing restrictionsAnnual report
「At present, the outlook remains extremely difficult due to the continuing impact of COVID-19, soaring raw material costs and various expenses, and foreign exchange market conditions.」
The Company explained that although the impact of COVID-19 remained, restrictions on activities had eased during the fiscal year and the movement of people and economic activity had gradually resumed. - FY2023-Q3RestatedAnnual report
「The future spread of COVID-19 and the timing of its containment are beyond the scope of our assumptions. However, in light of the current situation, we believe that the global infection situation will continue to a certain extent and affect the global and Japanese economies.」
The Company continues to use as an accounting assumption that COVID-19 will continue to a certain extent and affect the Japanese economy, financial position, operating results and cash flows during the consolidated fiscal year. - FY2023-Q1RestatedAnnual report
「The future spread of COVID-19 and the timing of its containment are beyond the scope of our assumptions. However, in light of the current situation, we believe that the global infection situation will continue to a certain extent and affect the global and Japanese economies.」
The Company continues to assume that the infection situation will continue to a certain extent and affect the Japanese economy, financial position, operating results and cash flows during the consolidated fiscal year. - FY2022WorsenedAnnual report
「In recent years, including the fiscal year under review, the Japanese economy deteriorated as the effects of COVID-19 continued for more than two years and the economic structure and people's lifestyles changed significantly from past norms. Economic conditions have yet to improve.」
The Company disclosed that the impact of COVID-19 had continued for more than 2 years and that deteriorating economic conditions and changes in lifestyles and economic structures were continuing. - FY2022-Q3MaterialisedAnnual report
「Supplies expense increased by ¥118 million year on year due to higher usage of various materials for COVID-19 prevention measures and higher prices for those materials.」
Costs of consumables increased by ¥118 million year on year due to increased use and higher prices of infection prevention materials. The impact of COVID-19 on business costs has become apparent. - FY2022-Q2RestatedAnnual report
「The future spread of COVID-19 and the timing of its containment are beyond the scope of our assumptions. However, in light of the current situation, we believe that the global infection situation will continue to a certain extent and affect the global and Japanese economies.」
The Company continues to assume that the infection situation will continue and affect the Japanese economy, financial position, operating results and cash flows during the consolidated fiscal year. - FY2022-Q1RestatedAnnual report
「The impact of COVID-19 has continued for more than 1 year, and the deterioration in economic conditions has yet to improve. Economic structures and people's lifestyles remain substantially different from what was previously considered normal.」
The Company reconfirmed its view that the impact of COVID-19 had continued for more than 1 year and that deteriorating economic conditions had not improved. Changes in economic structures and lifestyles are also continuing. - FY2021WorsenedAnnual report
「There is no clear outlook for how the COVID-19 pandemic will spread or when it will subside. In addition, with prevention measures implemented worldwide and the overall economy stagnating, the company expects consumer spending trends to weaken as consumer incomes decline and the tendency to economize grows, with the impact expected to persist over the medium to long term.」
Infection-related risks were specified in terms of store closures, product procurement and sales trends, with the possibility that downside effects on consumption trends could extend over the medium to long term. - FY2021-Q2RestatedAnnual report
「In light of the current situation, we believe that the global infection situation will continue to a certain extent and affect the global and Japanese economies. As the scope of our Group's business activities is limited to Japan's regional areas, domestic conditions will be the primary factor affecting us. However, during the consolidated fiscal year, we believe that there will be some impact on the Group's financial position, operating results and cash flows.」
The Company continues to assume that COVID-19 will affect the Japanese economy, financial position, operating results and cash flows during the consolidated fiscal year. - FY2021-Q1First statedAnnual report
「During the first quarter of the current consolidated fiscal year, Japan's economy experienced a rapid and large-scale stagnation in social activity due to the COVID-19 pandemic, which spread throughout the world, and the resulting impact became immeasurable.」
The stagnation of social activity caused by COVID-19 actually occurred, and the Company newly disclosed uncertainty affecting sales and consumption trends, store operations and accounting estimates. For accounting purposes, it assumed that the infection situation would continue to a certain extent and affect the Japanese economy and other areas.