Operating Restrictions and Performance Impact from the Spread of COVID-19
First written in FY2021-Q1. 4 of 10 entries say "Softened", first in FY2022-Q3. Latest entry: FY2024-Q1.
Heiwado 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.
7 other companies' latest entry also says "Softened".
- FY2024-Q1SoftenedAnnual report
「The legal classification of COVID-19 under the Infectious Diseases Control Law was changed to Category V, and the outbreak finally subsided, prompting economic activity to accelerate.」
The company describes the reclassification of COVID-19 as a Category V infectious disease under the Infectious Diseases Control Law and the subsiding of the outbreak, indicating that operating restriction risks centered on shortened operating hours, temporary closures and reduced sales opportunities have weakened. - FY2023SoftenedAnnual report
「For the next fiscal year, the impact of COVID-19 is expected to decline, overall economic activity is moving toward normalization, and an economic recovery is anticipated.」
For the next fiscal year, the company forecasts a decline in the impact of COVID-19 and normalization of economic activity, indicating a reduction from the previous risk descriptions focused on operating restrictions and temporary closures. - FY2023-Q2ReframedAnnual report
「Although activity restrictions were eased, social life has been affected, with some stores and public transportation operators unable to secure sufficient personnel because of the increase in infections.」
The manifestation of infection risk has shifted from the previous focus on shortened operating hours and temporary closures to the impact of rising infections after restrictions were eased, including difficulties securing personnel and effects on social life. - FY2023-Q1SoftenedAnnual report
「Although shortened operating hours and temporary closures like those in the previous fiscal year did not occur following the lifting of activity restrictions, demand has declined for products that had benefited from stay-at-home consumption.」
The company states that shortened operating hours and temporary closures from the previous fiscal year did not occur, indicating that domestic operating restrictions weakened while demand for stay-at-home-related products continued to decline. - FY2022WorsenedAnnual report
「For the next fiscal year, difficult conditions are expected to continue as a result of voluntary restrictions on going out and changes in consumer purchasing behavior due to the impact of COVID-19.」
Even after improvements in the domestic infection situation and the easing of restrictions were indicated, the company states that difficult conditions are expected to continue in the next fiscal year due to voluntary restrictions on going out and changes in purchasing behavior. - FY2022-Q3SoftenedAnnual report
「Recently, the number of infections has declined as vaccination rates for COVID-19 have increased, and expectations for economic recovery have risen following the lifting of the state of emergency. However, with more countries overseas experiencing renewed outbreaks and the possibility of the spread of new variants, the outlook remains difficult to predict.」
The decline in domestic infections and the lifting of the state of emergency are described, indicating that domestic risks weakened from the previous focus on prolongation, renewed spread and activity restrictions, although the possibility of renewed spread overseas and variants remains. - FY2022-Q2WorsenedAnnual report
「As the prolonged COVID-19 outbreak worsened again, another state of emergency was declared and many activities were restricted. Although the government-led vaccination program had begun, there was no prospect of the situation subsiding.」
The prolonged and renewed spread of the infection and the reissuance of a state of emergency restricted many activities, and the situation in which there was no prospect of the outbreak subsiding continued. - FY2022-Q1MaterialisedAnnual report
「Following the declaration of a state of emergency, sales opportunities have declined as the company was asked to close or shorten operating hours for businesses other than those selling essential daily goods.」
The spread of COVID-19 and the declaration of a state of emergency actually resulted in requests for non-essential businesses to close or shorten operating hours, together with a decline in sales opportunities. - FY2021-Q2WorsenedAnnual report
「To prevent the spread of COVID-19, we are taking measures to prevent infection, giving the health and safety of customers, employees and others the highest priority. Depending on the spread of COVID-19 and the time required for it to subside, our group’s performance may be affected.」
Regarding COVID-19, the company additionally specifies that performance may be affected not only by the spread of infection itself but also by the time required for the situation to subside. - FY2021-Q1MaterialisedAnnual report
「To prevent the spread of COVID-19, we are taking measures to prevent infection, giving the health and safety of customers, employees and others the highest priority. If a second wave of COVID-19 occurs, our group may shorten operating hours or temporarily close stores. In such cases, our group’s performance may be affected by lower sales and profits.」
The company disclosed the possibility of temporary closures and shortened operating hours due to COVID-19 as an additional risk, while actual impacts, including closures, occurred in its China business, food-service business and commercial facilities, and it also recorded an extraordinary loss of ¥189 million.