Impact of the Spread of COVID-19 on Customer Visits, Business Performance and Financial Condition
First written in FY2020. 4 of 14 entries say "Restated". Latest entry: FY2025-H1.
Ginza Renoir 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 2025: 6 of 13 companies on the "Worse" side.
18 other companies' latest entry also says "Mitigated".
- FY2025-H1MitigatedAnnual report
「During the six months ended the current interim consolidated accounting period, Japan's economy continued to recover gradually as the impact of COVID-19 subsided, people became more active, and personal consumption improved amid moves toward higher wages.」
The disclosure states that the impact of COVID-19 had subsided and that people had become more active, indicating that the previous impact of the pandemic on economic activity and customer traffic had eased. - FY2024-Q3MitigatedAnnual report
「During the nine months ended the third quarter of the current consolidated fiscal year, Japan's economy showed signs of a gradual recovery as various restrictions related to COVID-19 were eased.」
The disclosure states that the easing of various restrictions related to COVID-19 led to signs of a gradual recovery in the economy. - FY2023RestatedAnnual report
「Although the impact of COVID-19 is trending toward recovery due to changes in its classification as a designated infectious disease, the outlook remains uncertain, and depending on its severity and duration, it may have a material impact on the Group's business performance and financial condition.」
While recognizing a trend toward recovery from the pandemic's impact, the disclosure continues to state that the severity and duration of the impact may materially affect business performance and financial condition. - FY2023-Q3Impact persists despite eased activity restrictionsAnnual report
「Although economic conditions are gradually recovering as COVID-19-related activity restrictions have been eased, the outlook remains challenging due to higher raw-material and transportation costs resulting from energy issues associated with the prolonged situation in Ukraine, as well as the rapid depreciation of the yen.」
While describing the easing of activity restrictions and the trend toward economic recovery, the disclosure states that the pandemic's impact continues and that a challenging environment persists due to higher raw-material and transportation costs and other factors. - FY2023-Q2MaterialisedAnnual report
「During the six months ended the second quarter of the current consolidated fiscal year, Japan's economy was forced to endure a slowdown in economic activity that had been moving toward normalization due to the seventh wave of COVID-19.」
The disclosure states that the seventh wave of COVID-19 actually caused economic activity that had been moving toward normalization to slow. - FY2023-Q1RestatedAnnual report
「During the six months ended the first quarter of the current consolidated fiscal year, Japan's economy moved toward normalization as various activity restrictions related to COVID-19 were eased. At the same time, soaring raw-material prices and other factors amid concerns over the prolonged situation in Ukraine, together with the recent sharp increase in the number of people testing positive for COVID-19, have emerged as new concerns.」
While describing the easing of activity restrictions and the normalization of economic and social activity, the disclosure states that risks related to the pandemic's impact persist due to the sharp increase in positive cases and the prolonged situation in Ukraine. - FY2022Signs of improvement in the pandemic's impact, but risks persistAnnual report
「Economic activity was constrained for an extended period, but conditions subsequently improved as vaccination became more widespread. Nevertheless, the outlook remained uncertain due to the emergence of new variants and heightened geopolitical risks resulting from the situation in Ukraine.」
The disclosure describes improving conditions as vaccination became more widespread, while stating that an uncertain outlook, including the impact of the pandemic, continues due to new variants and geopolitical risks. - FY2022-Q3RestatedAnnual report
「In the coffee shop industry to which the Group belongs, the business environment is expected to remain challenging due to continued declines in customer numbers caused by requests to refrain from going out and shorten business hours to prevent the spread of COVID-19, as well as changes in working arrangements such as telework.」
The decline in customer traffic caused by requests to refrain from going out, requests to reduce operating hours, and telework is described as an ongoing operating-environment risk associated with COVID-19. - FY2022-Q1RestatedAnnual report
「In the cafe industry to which the Group belongs, the operating environment is expected to remain challenging due to the decline in customer traffic resulting from requests to refrain from going out and reduce operating hours in response to infection-prevention measures accompanying the spread of COVID-19, as well as changes in working patterns such as telework.」
The decline in customer traffic caused by the pandemic, requests to refrain from going out, requests to reduce operating hours, and telework continues to be described as a challenging operating environment for the cafe industry. - FY2021WorsenedAnnual report
「We expect the business environment to become extremely challenging as people continue to refrain from dining out in response to requests to stay home due to the spread of COVID-19, in addition to store closures and reduced operating hours following the declaration of a state of emergency.」
The impact of the pandemic extended through the full fiscal year, with revenue down 48.1% year on year, an operating loss of ¥1,960 million, and a net loss attributable to owners of the parent of ¥2,368 million. The actual and projected impact worsened further. - FY2021-Q3WorsenedAnnual report
「The operating environment is expected to remain extremely challenging due to the continued decline in customer traffic resulting from requests to refrain from going out and reduce operating hours to prevent the spread of COVID-19, as well as changes in working patterns such as telework. As a result, revenue for the six months ended the second quarter of the current consolidated fiscal year was ¥1,935 million, down ¥2,232 million year on year, while the operating loss was ¥1,224 million, the ordinary loss was ¥1,206 million, and the quarterly net loss attributable to owners of the parent was ¥1,105 million.」
The decline in customer traffic due to the spread of COVID-19, requests to refrain from going out, reduced operating hours and telework continued, resulting in revenue of ¥3,199 million, an operating loss of ¥1,477 million, an ordinary loss of ¥1,468 million, and a quarterly net loss attributable to owners of the parent of ¥1,419 million for the nine months ended the third quarter. - FY2021-Q2WorsenedAnnual report
「The operating environment is expected to remain extremely challenging due to the continued decline in customer traffic resulting from requests to refrain from going out and reduce operating hours to prevent the spread of COVID-19, as well as changes in working patterns such as telework. As a result, revenue for the six months ended the second quarter of the current consolidated fiscal year was ¥1,935 million, down ¥2,232 million year on year, while the operating loss was ¥1,224 million, the ordinary loss was ¥1,206 million, and the quarterly net loss attributable to owners of the parent was ¥1,105 million.」
The prolonged impact of the pandemic was explicitly linked to the decline in customer traffic caused by requests to refrain from going out, reduced operating hours, and changes in working patterns such as telework. The actual impact was quantified through the substantial decline in revenue and the recording of operating, ordinary and net losses. - FY2021-Q1MaterialisedAnnual report
「The cafe industry to which the Group belongs is expected to remain in an extremely challenging operating environment due to the impact of requests for voluntary restraint from going out and other measures accompanying the spread of COVID-19.」
The disclosure states that the impact of COVID-19 continued, resulting in revenue of ¥767 million, a decrease of ¥1,315 million year on year, and a quarterly net loss attributable to owners of the parent of ¥669 million for the quarter. - FY2020First statedAnnual report
「Revenue declined due to changes in consumer behavior resulting from the spread of COVID-19 and the decline in customer traffic caused by store closures and reduced operating hours in response to requests to refrain from going out. The timing of the containment of COVID-19 remains uncertain, and depending on its severity and duration, it may have a material impact on the Group's business performance and financial condition.」
The disclosure describes the actual impact of COVID-19, including changes in consumer behavior, store closures and reduced operating hours, and the decline in customer traffic and revenue, while presenting the possibility of a material impact on business performance and financial condition depending on the timing of containment and other factors as a new risk.