Store Closures and Business Performance Impact from the Expansion of COVID-19
First written in FY2020-Q3. 5 of 13 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2025.
M・H・GROUP LTD. 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: 68 of 90 companies on the "Worse" side.
33 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「As COVID-19 was reclassified as a Class 5 disease under the Infectious Diseases Control Law in May 2023 and social and economic activity is returning to normal, its impact on the Group's businesses has become limited. However, if economic restrictions or other measures are imposed in the future following the spread of a new infectious disease, the Group's business development and operating results could be materially affected.」
The impact of COVID-19 on existing businesses is considered limited, while the potential impact of restrictions related to new infectious diseases remains. - FY2024-Q3MitigatedAnnual report
「Restrictions on activities and border-control measures related to COVID-19 were progressively relaxed. In May 2023, COVID-19 was also reclassified as a Class 5 disease under the Infectious Diseases Control Law, and the domestic economy began to recover as social and economic activity returned to normal.」
The easing of restrictions on activities and border-control measures, together with the shift to Class 5, brought social and economic activity toward normalisation, reducing the infection-related risk of store closures and an impact on business performance. - FY2023MitigatedAnnual report
「In May 2023, COVID-19 was reclassified as a Class 5 disease under the Infectious Diseases Control Law, and social and economic activity is returning to normal as infection-control measures have been substantially relaxed.」
The shift to Class 5 under the Infectious Diseases Control Law is bringing social and economic activity back to normal, reducing the previous risk of store closures and an impact on business performance. However, the possibility of employee infections and new variants remains. - FY2023-Q1Recovery trend despite the impact of the infectionAnnual report
「Revenue for the first quarter of the current consolidated cumulative period increased year on year, as the directly operated salon business, hair salon support business and career design business performed steadily, resulting in higher company-wide revenue than in the same period of the previous year.」
Amid the continuing impact of the infection, the directly operated salon, hair salon support and career design businesses performed steadily, and company-wide revenue increased year on year. - FY2022RestatedAnnual report
「The spread of COVID-19 has affected corporate and consumer activity, and the outlook remains uncertain.」
The impact of the infection on corporate and consumer activity and the uncertain outlook continue to be noted. At the company-wide level, however, revenue increased. - FY2022-Q3WorsenedAnnual report
「Consolidated revenue for the third quarter cumulative period increased from the same period of the previous year overall. Each existing business, including the directly operated salon operations business, was significantly affected by the spread of the Omicron variant and the issuance of priority preventive measures, but the withdrawal from unprofitable stores and various initiatives produced results.」
The Company states that each existing business was significantly affected by the spread of the Omicron variant and the priority preventive measures. Meanwhile, consolidated revenue increased year on year as a result of withdrawing from unprofitable stores and implementing various initiatives. - FY2022-Q2MitigatedAnnual report
「Consolidated revenue for the second quarter cumulative period increased from the same period of the previous year overall, as each existing business, including the directly operated salon operations business, performed steadily following the lifting of the state of emergency declaration, resulting in higher revenue year on year.」
The number of visitors recovered following the lifting of the state of emergency declaration, and each existing business, including directly operated salons, performed steadily, resulting in higher consolidated revenue year on year despite the impact of the pandemic. However, temporary closures continued at overseas BS salons. - FY2022-Q1MaterialisedAnnual report
「Consolidated revenue for the first quarter cumulative period increased from the same period of the previous year overall, despite the impact of the state of emergency declaration and priority preventive measures issued in response to the resurgence of COVID-19. Each existing business other than the directly operated salon operations business performed steadily, resulting in higher revenue year on year.」
The resurgence of the pandemic and the impact of the state of emergency declaration and priority preventive measures were reflected in the actual operations and results for the quarter. - FY2021MaterialisedAnnual report
「Consolidated revenue for the current fiscal year increased from the same period of the previous year overall. The career design business was newly added and the hair and makeup business and beauty salon support business performed steadily, while the decline in revenue from other existing businesses, which mainly provide face-to-face services, was pronounced due to the impact of COVID-19.」
The decline in revenue from existing face-to-face businesses due to the pandemic was reflected in the full-year results. - FY2021-Q3MaterialisedAnnual report
「In the beauty industry in which our Group operates, the number of salon visitors had begun to recover, but the decline in visitors caused by the state of emergency reissued in January 2021 was pronounced, and recovery to pre-pandemic conditions is expected to take time.」
The decline in salon visitors caused by the reissuance of the state of emergency declaration occurred in practice and was described as delaying the recovery of existing businesses. - FY2021-Q2MaterialisedAnnual report
「Revenue and profit declined in the second quarter consolidated cumulative period, as the number of salon visitors decreased due to the impact of COVID-19.」
The decline in salon visitors due to COVID-19 continued to be reflected in the actual results as lower revenue and profit from existing businesses. - FY2021-Q1MaterialisedAnnual report
「Revenue and profit declined in the first quarter consolidated cumulative period, as the number of salon visitors decreased due to the impact of COVID-19.」
The decline in salon visitors due to COVID-19 was reflected in the actual results as lower revenue and profit at directly operated salons. Declines in salon visitors and continuing temporary closures are also described for the domestic and overseas BS salons. - FY2020-Q3First statedAnnual report
「To prevent the spread of COVID-19, our directly operated stores have been temporarily closed or operated with reduced hours since 12 April 2020, in response to various requests from the government and local authorities. If the spread of COVID-19 continues for an extended period, it may have a material impact on the Group's business development and operating results.」
As the spread of COVID-19 continued, the Company introduced temporary closures and reduced operating hours at directly operated stores, and added as a new risk the potential impact on business development and operating results if the situation were prolonged. Temporary closures and other measures, as well as the resulting decline in revenue, are also described for the domestic and overseas BS salons.