Impact of COVID-19 on Store Operations, Consumption and Individual Businesses
First written in FY2020. 6 of 18 entries say "Worsened", first in FY2021-Q2. Latest entry: FY2025.
Aigan 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: 83 of 108 companies on the "Worse" side.
36 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「The normalization of socioeconomic activity as the spread of COVID-19 subsided brought face-to-face sales at stores affected by the pandemic back to almost normal levels,」
The direct constraints imposed by COVID-19 on store operations and face-to-face sales had been almost eliminated. However, net sales had not recovered to pre-pandemic levels. - FY2025-H1MitigatedAnnual report
「The lifting of activity restrictions related to COVID-19 brought face-to-face sales at stores affected by the pandemic back to almost normal levels, although」
The lifting of activity restrictions brought face-to-face sales back to almost normal levels, further easing the direct constraints imposed by COVID-19 on store operations. However, net sales had not recovered to pre-pandemic levels. - FY2024MitigatedAnnual report
「The lifting of activity restrictions related to COVID-19 and the change in its classification under the Infectious Diseases Act to a Class 5 infectious disease in May 2023 led to further normalization of socioeconomic activity.」
The lifting of activity restrictions and transition to a Class 5 infectious disease substantially eased the direct constraints imposed by COVID-19 on store operations and consumption. However, customer traffic and sales levels at stores in large commercial facilities had not fully recovered. - FY2024-Q3RestatedAnnual report
「Business performance during the cumulative third quarter under review showed a recovery trend in face-to-face sales at stores that had been affected by the COVID-19 pandemic, following the lifting of activity restrictions related to COVID-19 and its reclassification as a Class 5 infectious disease,」
Face-to-face sales were on a recovery trend following the lifting of activity restrictions and reclassification as a Class 5 infectious disease, but customer traffic and sales levels had not fully recovered. - FY2024-Q2MitigatedAnnual report
「Business performance during the cumulative second quarter under review showed a recovery trend in face-to-face sales at stores that had been affected by the COVID-19 pandemic, following the lifting of activity restrictions related to COVID-19 and its reclassification as a Class 5 infectious disease,」
The lifting of activity restrictions and reclassification as a Class 5 infectious disease put face-to-face sales at stores affected by the COVID-19 pandemic on a recovery trend, and the direct operating constraints imposed by COVID-19 were eased from the previous filing. However, customer traffic and sales levels had not fully recovered. - FY2024-Q1MitigatedAnnual report
「During the cumulative first quarter under review, Japan's economy moved toward normalization, with customer traffic recovering and economic activity, particularly personal consumption and inbound demand, normalizing as restrictions on activities related to COVID-19 were lifted and its classification under the Infectious Diseases Act was changed from a Class 2-equivalent disease to a Class 5 infectious disease, the same classification as seasonal influenza.」
The lifting of activity restrictions and transition to a Class 5 infectious disease moved customer traffic and economic activity toward normalization, and the direct constraints imposed by COVID-19 on store operations and consumption were eased from the previous filing. However, customer traffic and sales levels had not fully recovered. - FY2023WorsenedAnnual report
「As of the filing date, we remained concerned about impairment of fixed assets and a slowdown in the pace of new store openings as significant risks going forward.」
In addition to the risk of continuing effects from COVID-19, impairment of fixed assets and a slowdown in the pace of new store openings were identified as significant risks going forward. - FY2023-Q3Recovery slowed amid the seventh and eighth waves of infectionsAnnual report
「Business performance during the cumulative third quarter under review benefited from customer traffic finally returning through June as the spread of COVID-19 subsided and activity restrictions in various areas were eased. However, from July onward, successive waves of infection, including the seventh and eighth waves, repeatedly affected customer traffic each time,」
Although customer traffic returned as activity restrictions were eased, the repeated seventh and eighth waves of infections affected customer traffic each time and hindered the recovery. - FY2023-Q2WorsenedAnnual report
「During the cumulative second quarter under review, Japan's economy showed signs of moving toward normalization, particularly in services consumption, through June as activity restrictions related to COVID-19 were eased. However, from mid-July, the rapid spread of the seventh wave of infections caused by a new Omicron variant slowed the pace of recovery in personal consumption again.」
There were signs of recovery as activity restrictions were eased, but the rapid spread of the seventh wave of infections again slowed the pace of recovery in personal consumption, and the resulting sluggish customer traffic continued to affect the business. - FY2023-Q1Recovery from eased activity restrictions alongside concerns over new variantsAnnual report
「As the spread of COVID-19 relatively settled and activity restrictions in various areas were gradually eased, customer traffic finally began to return. Net sales increased 10.3% year on year to ¥3,479 million, but customer traffic remained sluggish, particularly at stores in large commercial facilities, and had not returned to pre-pandemic levels.」
Customer traffic and sales recovered as the spread of COVID-19 subsided and activity restrictions were eased, but customer traffic remained sluggish and the recovery to pre-pandemic levels remained incomplete. - FY2022WorsenedAnnual report
「From January 2022 onward, the number of infections surged during the sixth wave, and store visitors again remained sluggish due to the impact of priority preventive measures and the resulting requests to refrain from activities.」
Although customer traffic recovered after activity restrictions were eased, the sixth wave of infections and requests to refrain from activities caused store visitors to weaken again, with the impact appearing as larger full-year operating and net losses. - FY2022-Q3Customer traffic recovered as restrictions eased, but concerns about a sixth wave continuedAnnual report
「The decline in store visitors resulting from requests to refrain from activities during the state of emergency in the six-month period ended the second quarter, as well as closures and reduced operating hours at some stores, had a significant impact on sales trends in the nine-month period ended the third quarter. Customer traffic recovered from October after the state of emergency was lifted, and, in addition, the 80th anniversary celebration and appreciation events contributed through a synergistic effect, resulting in revenue of ¥10,454 million, exceeding the ¥10,180 million recorded in the same quarter of the previous year.」
Although customer traffic recovered and revenue exceeded the same period of the previous year after the state of emergency was lifted, the effects of closures and reduced operating hours in the first half of the cumulative period remained, and concerns about a sixth wave of infections continued. - FY2022-Q2RestatedAnnual report
「In the six-month period ended the second quarter, store visitors declined as requests from the government and local authorities for people to refrain from activities continued over an extended period amid the absence of a clear end to the COVID-19 pandemic, following the issuance of the third state of emergency and the application of priority preventive measures.」
With no clear end to the infectious disease in sight, restrictions on activities resulting from states of emergency and other measures, a decline in store visitors, and closures and reduced operating hours at some stores continued. On the other hand, the number of closed stores remained below half the level of the same period of the previous year, and revenue exceeded that of the previous year. - FY2022-Q1WorsenedAnnual report
「Due to the closure of large commercial facilities where we operate stores following the issuance of the third state of emergency and the application of priority preventive measures, up to 31 stores were temporarily closed, while some stores were forced to reduce their operating hours, resulting in a decline in store visitors.」
Following the third wave, the third state of emergency and other measures led to the temporary closure of up to 31 stores, shorter operating hours and a decline in store visitors. - FY2021-Q3WorsenedAnnual report
「The global COVID-19 pandemic had a serious impact on economic activity in Japan and overseas, the economy remained sluggish, and extremely difficult conditions continued. The further spread of infections in the third wave beginning in November and the resulting issuance of a second state of emergency are expected to prolong the deterioration in employment and income conditions and the impact on personal consumption, further increasing uncertainty about the outlook.」
The impact of the infectious disease was prolonged by the third wave and the second state of emergency, resulting in a 15.1% year-on-year decline in cumulative revenue and an operating loss of ¥361 million. - FY2021-Q2WorsenedAnnual report
「Revenue for the six-month period ended the second quarter was ¥6,550 million, down 22.0% from the same period of the previous year. The impact of the spread of COVID-19 became pronounced from the beginning of the period through May, and the number of store visitors fell sharply, resulting in a 35.9% year-on-year decline in revenue in the first quarter. In the second quarter, sales generally recovered following the lifting of the state of emergency, but declined 10.1% year on year, partly due to the impact of front-loaded demand before the consumption tax increase in September of the previous year.」
Although standalone second-quarter sales generally recovered after the state of emergency was lifted, cumulative revenue declined 22.0% year on year, illustrating the prolonged impact of the infectious disease and its concrete effect on the business as a whole. - FY2021-Q1MaterialisedAnnual report
「The impact of the spread of COVID-19 became pronounced from the beginning of the period through May, and the number of store visitors fell sharply. As a result, same-store sales in the eyeglass retail business were 35.2% below the same quarter of the previous year, and revenue was ¥2,489 million, down 35.9% year on year.」
The impact of the infectious disease disclosed as a risk in the previous period actually materialized as a decline in store visitors, a 35.2% decrease in same-store sales and a 35.9% decrease in company-wide revenue. - FY2020First statedAnnual report
「In the eyeglass retail business, unclear operating conditions are expected to continue for the time being due to cancellations and postponements of events, hearing-aid consultation sessions and other activities resulting from consumers refraining from going out amid the spread of COVID-19, as well as the closure and reduced operating hours of commercial facilities. In the eyeglass wholesale business, there are also numerous uncertain risks for the time being, including its similar sales format, restraint on route sales and the development of new business partners, while the photography studio business faces a decline in travel and events, and the overseas eyeglass sales business faces the possible renewed spread of infections in China.」
For the first time, disclosed COVID-19 as a standalone business and other risk. Listed restrictions on going out, commercial facility closures, event cancellations, restraint on sales activities, declines in travel and events, and a renewed spread of infections in China as risks to each business. The impact on business performance has appeared in the form of lower sales in March and cancellations of photography studio reservations.