Impact of COVID-19 on Inbound Demand and Supply Chains
First written in FY2020. 6 of 10 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2024: 2 of 10 companies on the "Worse" side.
7 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「As a full-scale recovery after COVID-19 is evident in the current consolidated fiscal year, our group will seek to maintain and strengthen the competitiveness of the product, including by making it compatible with eSIM, and aims to recover sales.」
The assessment of demand for products for visitors to Japan has changed to reflect the view that a full-scale recovery after COVID-19 is evident, and measures to recover sales through eSIM compatibility have been presented. - FY2023Progress toward normalizing socioeconomic activity coexisting with uncertainty over the containment of the infectionAnnual report
「With respect to COVID-19, its classification under the Infectious Diseases Control Law was changed in May 2023, and although socioeconomic activity is returning to normal, a certain number of new cases continue to be reported, and it remains uncertain whether the infection will subside.」
The assessment has changed to reflect that, while socioeconomic activity is returning to normal, the containment of the infection remains uncertain and the risk of business suspension due to a resurgence or a new infectious disease remains. - FY2023-Q3RestatedAnnual report
「The assumptions used for accounting estimates described in the “Additional Information (Impact of COVID-19)” section of the securities report for the previous consolidated fiscal year have not been changed, as the possibility of a resurgence of COVID-19 and the lack of visibility regarding when it will subside continue.」
Given the continuing possibility of a resurgence of COVID-19 and uncertainty over when it will subside, the accounting assumptions used in the previous fiscal year have been maintained. - FY2023-Q2RestatedAnnual report
「The assumptions used for accounting estimates described in the “Additional Information (Impact of COVID-19)” section of the securities report for the previous consolidated fiscal year have not been changed, as the possibility of a resurgence of COVID-19 and the lack of visibility regarding when it will subside continue.」
Given the continuing possibility of a resurgence of COVID-19 and uncertainty over when it will subside, the accounting assumptions have not been changed. - FY2023-Q1RestatedAnnual report
「The assumptions used for accounting estimates described in the “Additional Information (Impact of COVID-19)” section of the securities report for the previous consolidated fiscal year have not been changed, as the possibility of a resurgence of COVID-19 and the lack of visibility regarding when it will subside continue.」
Given the continuing possibility of a resurgence of COVID-19 and uncertainty over when it will subside, the accounting assumptions have been maintained. - FY2022-Q3RestatedAnnual report
「The assumptions used for accounting estimates described in the “Additional Information (Impact of COVID-19)” section of the securities report for the previous consolidated fiscal year have not been changed, as the possibility of a resurgence of COVID-19 and the lack of visibility regarding when it will subside continue.」
Given the continuing possibility of a resurgence of COVID-19 and uncertainty over when it will subside, the accounting assumptions used in the previous fiscal year have been maintained. - FY2022-Q2RestatedAnnual report
「The assumptions used for accounting estimates described in the “Additional Information (Impact of COVID-19)” section of the securities report for the previous consolidated fiscal year have not been changed, as the possibility of a resurgence of COVID-19 and the lack of visibility regarding when it will subside continue.」
The possibility of a resurgence of COVID-19 and uncertainty over when it will subside continue, and the accounting assumptions used in the previous fiscal year have been maintained. - FY2022-Q1RestatedAnnual report
「The assumptions used for accounting estimates described in the “Additional Information (Impact of COVID-19)” section of the securities report for the previous consolidated fiscal year have not been changed, as the possibility of a resurgence of COVID-19 and the lack of visibility regarding when it will subside continue.」
The company is maintaining the assumptions underlying its accounting estimates from the previous fiscal year, as the possibility of a resurgence of COVID-19 and uncertainty over when it will subside continue. - FY2021-Q1WorsenedAnnual report
「Sales of our products for visitors to Japan fell sharply from the fourth quarter of the previous fiscal year onward due to COVID-19. The decline continued in the current quarter, and we expect it will take considerable time for sales of these products to recover to previous levels.」
The decline in inbound demand caused by COVID-19 continued during the current quarter, indicating that a prolonged recovery to previous sales levels is likely. - FY2020MaterialisedAnnual report
「From January 2020 onward, the number of visitors to Japan fell sharply due to the spread of COVID-19, causing a significant decline in sales in the fourth quarter of the current consolidated fiscal year.」
The company explains that the sharp decline in visitors to Japan due to the infectious disease and the resulting decline in sales of products for visitors to Japan have actually occurred, and that a considerable amount of time will be required for recovery to previous levels from the following fiscal year onward.