Downside Risk to Domestic and Overseas Economies Due to COVID-19
First written in FY2020-Q1. 4 of 11 entries say "Restated". Latest entry: FY2025.
K.R.S. 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: 110 of 173 companies on the "Worse" side.
35 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The group has established a system for responding to emerging infectious diseases based on its crisis management manual, with the General Affairs Division at headquarters responsible for crisis management across the group.」
The framework has been broadened from risks specific to COVID-19 to risks from emerging infectious diseases generally, while the crisis management structure continues. - FY2023ReframedAnnual report
「8. Risk of the spread of emerging infectious diseases, including COVID-19」
The disclosure has been reframed from business impacts specific to COVID-19 to the risk of the spread of emerging infectious diseases generally, including COVID-19, together with responses such as a crisis management manual, relief supplies, and working from home. - FY2022-Q3MitigatedAnnual report
「As restrictions on activities to prevent the spread of COVID-19 were eased, cargo movements related to demand for eating out showed signs of recovery.」
Although the impact of COVID-19 continues, the company disclosed eased restrictions on activities and a recovery in cargo movements related to demand for eating out, indicating some easing of the previous uncertainty about a recovery in demand. - FY2022-Q1RestatedAnnual report
「As infections with the Omicron variant of COVID-19 spread, quasi-emergency measures to prevent the spread of disease were issued in January, and uncertainty about a full-scale recovery in demand continued.」
Uncertainty about a full-scale recovery in demand for eating out due to the resurgence of infections and restrictions on activities continues to be disclosed. - FY2021-Q3WorsenedAnnual report
「Demand for eating at home remained firm, while demand for eating out showed signs of recovery. However, as COVID-19 infections resurged and the fourth state of emergency was declared, uncertainty about the recovery in demand continued.」
The resurgence of infections and the fourth state of emergency declaration left the recovery in demand for eating out uncertain. - FY2021-Q2RestatedAnnual report
「Demand for eating at home remained firm, while demand for eating out showed signs of recovery. However, the impact of infection trends requires close attention, including the issuance of the third state of emergency.」
While demand for eating out showed signs of recovery, the company states that continued attention to the impact of COVID-19 was required because the third state of emergency was declared. - FY2021-Q1RestatedAnnual report
「In the food logistics industry, consumers' lifestyles changed. Demand for at-home dining remained firm, while the effects of weak demand for dining out continued, including the reissuance of a state of emergency.」
The impact of weak demand for eating out due to COVID-19 continued into the first quarter. - FY2020MaterialisedAnnual report
「Operating revenue fell below the previous year as shipment volumes declined due to lower consumption, including demand for eating out. Although efforts were made to collect appropriate rates, streamline transport operations and reduce expenses, operating profit fell below the previous year due to lower profit from reduced shipment volumes and the front-loading of investments in labor-saving equipment. As a result, for the consolidated fiscal year, operating revenue was ¥171.171 billion, down 0.6% from the previous fiscal year, while operating profit was ¥2.601 billion, down 37.1%.」
The decline in consumption and lower shipment volumes associated with weak demand for eating out due to COVID-19 affected full-year results, with operating revenue down 0.6% and operating profit down 37.1%. - FY2020-Q3WorsenedAnnual report
「COVID-19 is spreading worldwide, and the timing of its containment remains unforeseeable, so uncertainty about the outlook continues. Although the company expects the impact of COVID-19 to ease gradually from June after the state of emergency was lifted in May, it expects the impact to continue broadly throughout the consolidated fiscal year. Depending on developments going forward, cargo volumes may decline due to customers voluntarily suspending operations, and if employees of the group become infected, the period from suspension of business activities to recovery may in some cases be prolonged, potentially affecting the group’s performance and financial condition.」
For COVID-19, the company has specified not only that the impact is expected to continue during the consolidated fiscal year, but also the risks of lower cargo volumes due to customers voluntarily suspending operations and business suspensions and prolonged recovery if employees become infected. - FY2020-Q2MaterialisedAnnual report
「As the second year of the Medium-Term Management Plan, FY2020 was intended to be a year of achieving solid growth through the reliable execution of our business strategy. We worked to strengthen earnings capacity, simplify operations, invest in expanding our capabilities, and create a more employee-friendly work environment, but the decline in consumption caused by COVID-19 was substantial, resulting in difficult business operations.」
The company states that the decline in consumption caused by COVID-19 affected actual business operations and forced it to operate under difficult conditions. - FY2020-Q1First statedAnnual report
「Meanwhile, the impact of COVID-19 increased downside risk to the domestic and overseas economies, resulting in a difficult outlook.」
COVID-19 is described for the first time as a factor increasing downside risk to the domestic and overseas economies and making the outlook more difficult.