Supply, consumption and store-visit risks from COVID-19
First written in FY2020. 6 of 11 entries say "Restated". Latest entry: FY2024.
Nitori Holdings 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: 82 of 107 companies on the "Worse" side.
42 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Depending on the spread of the infection and related circumstances, economic activity could stagnate further, leading to a decline in demand, supply chain disruptions, adverse effects on the Nitori Group's production activities and other developments that could pose significant risks to the Group's business operations and adversely affect its operating performance and financial condition.」
The decline in demand, supply chain disruptions and impact on production activities associated with the spread of the infection have been reaffirmed as significant risks. - FY2023-Q2MitigatedAnnual report
「In mainland China, conditions became severe, with operations suspended at up to 32 stores due to lockdowns and other effects of the renewed spread of the infection. As conditions improved, all stores resumed operations in early June, and store openings are being accelerated.」
Although the renewed spread of the infection in China led to the suspension of operations at up to 32 stores, all stores resumed operations from early June. - FY2023-Q1MaterialisedAnnual report
「In China, severe conditions resulting from the impact of the infection, including lockdowns caused by its renewed spread, continue, with operations suspended at up to 32 stores.」
The renewed spread of the infection and lockdowns in China resulted in the suspension of operations at up to 32 stores during the quarter. - FY2022RestatedAnnual report
「Depending on the spread of the infection and related circumstances, economic activity could stagnate further, leading to a decline in demand, supply chain disruptions, adverse effects on the Nitori Group's production activities and other developments that could pose significant risks to the Group's business operations.」
The decline in demand caused by COVID-19, supply chain disruptions and the impact on production activities have been reaffirmed as significant risks. - FY2022-Q3MaterialisedAnnual report
「Regarding domestic operations, repeated states of emergency and the implementation of priority preventive measures resulted in the temporary closure of up to 30 stores in total across Nitori, Deco Home and N Plus, in addition to」
It states that up to 30 Nitori, Deco Home and N Plus stores in total actually closed during the quarter in response to COVID-19. - FY2022-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative second quarter. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year. The impact of the spread of COVID-19 during the cumulative second quarter is described, but depending on how the situation develops, it may affect the Group's financial position, operating results and other matters.」
While stating that there were no new risks or material changes, it reconfirms the possibility that the future course of COVID-19 could affect financial position and operating results. - FY2022-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first quarter. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year. The impact of the spread of COVID-19 during the cumulative first quarter is described in "2. Analysis of Financial Position, Operating Results and Cash Flows by Management, (1) Financial Position and Operating Results," but depending on how the situation develops, it may affect the Group's financial position, operating results and other matters.」
While stating that there were no new risks or material changes, it reconfirms the possibility that the future course of COVID-19 could affect financial position and operating results. - FY2021-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year. The impact of the spread of COVID-19 during the cumulative third quarter is described in "2. Analysis of Financial Position, Operating Results and Cash Flows by Management, (1) Financial Position and Operating Results," but depending on how the situation develops, it may affect the Group's financial position, operating results and other matters.」
While stating that there were no new risks or material changes, it reconfirms the possibility that the future course of COVID-19 could affect financial position and operating results. - FY2021-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative second quarter. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year. The impact of the spread of COVID-19 during the cumulative second quarter is described in "2. Analysis of Financial Position, Operating Results and Cash Flows by Management, (1) Financial Position and Operating Results," but depending on how the situation develops, it may affect the Group's financial position, operating results and other matters.」
While stating that there had been no material changes to existing risks related to COVID-19, it reconfirms the possibility that the future course of the pandemic could affect financial position and operating results. - FY2021-Q1MaterialisedAnnual report
「The number of domestic stores that were closed during the cumulative first quarter was as high as 110, but all stores have now resumed operations.」
It states that up to 110 domestic stores were actually closed due to the impact of COVID-19. As of the filing date, however, all stores had resumed operations. - FY2020MaterialisedAnnual report
「In addition, in response to COVID-19, Nitori Group stores in areas covered by a state of emergency and other areas have temporarily closed or shortened their operating hours. If the situation is prolonged, infections spread further, or conditions develop into a pandemic, delays in product supply due to supply chain disruptions, a global downturn in personal consumption and a decline in store visitors are expected, potentially affecting the Group's operating results and financial position.」
It describes temporary closures and reduced operating hours at some stores due to COVID-19, and the possibility that product supply delays, weak personal consumption and fewer store visitors during a prolonged or expanding outbreak could affect operating results and financial position.