Store Closures and Reduced Operating Hours Due to the Spread of COVID-19
First written in FY2020. 6 of 14 entries say "Restated". Latest entry: FY2024-Q2.
Cox 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: 69 of 91 companies on the "Worse" side.
33 other companies' latest entry also says "Mitigated".
- FY2024-Q2MitigatedAnnual report
「During the second quarter of the current consolidated cumulative period, Japan's economy showed a gradual recovery as restrictions on activities and border-control measures were eased in efforts to contain COVID-19.」
The Company stated that the easing of restrictions on activities and border-control measures had reduced COVID-19's impact on store operations and the consumer environment compared with the previous period. - FY2024-Q1MitigatedAnnual report
「During the first quarter of the current consolidated cumulative period, Japan's economy reached a point where an economic upturn could be expected, as restrictions on activities related to COVID-19 were eased and economic activity moved toward normalization.」
The Company stated that restrictions on activities related to COVID-19 had been eased and economic activity had moved toward normalization. However, concerns over a renewed spread remained. - FY2023RestatedAnnual report
「For the fiscal year ending February 2024, the Company did not anticipate large-scale restrictions on social activity, such as store closures or reduced operating hours due to the spread of COVID-19.」
While the Company did not anticipate large-scale social restrictions, it stated that the impact of infectious diseases and fluctuations in economic conditions and personal consumption could still adversely affect performance. - FY2023-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter under review. In addition, there have been no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The Company reconfirmed that there were no new business or other risks and no material changes to the risks disclosed in the previous fiscal year. - FY2023-Q2RestatedAnnual report
「Our group recorded operating losses for 7 consecutive periods through the previous consolidated fiscal year. Although we recorded operating income of ¥337 million during the current second quarter cumulative consolidated period, the outlook remains uncertain, including concerns about a resurgence of COVID-19 infections.」
Even after returning to operating profitability, the Company reconfirmed concerns over a renewed spread of COVID-19 and uncertainty about the outlook as risks. - FY2023-Q1RestatedAnnual report
「Considerable uncertainty about the outlook continues, including concerns over a renewed spread of COVID-19.」
The Company reconfirmed concerns over a renewed spread of COVID-19 and uncertainty about the outlook. It stated that there had been no material change in business and other risks themselves. - FY2022SoftenedAnnual report
「The Company made accounting estimates for inventory valuation, impairment accounting for fixed assets and other matters for the current consolidated fiscal year on the assumption that no further large-scale social restrictions, such as the closure of commercial facilities where it operates stores or expanded reductions in operating hours due to COVID-19, would occur.」
For the future, the Company assumed that no further large-scale social restrictions would occur, while stating that the possibility of newly reduced operating hours remained. - FY2022-Q3MitigatedAnnual report
「As the state of emergency was lifted nationwide in October and the infection situation began to settle, operating hours returned to normal and consumer spending also showed signs of a gradual recovery.」
Store closures and reduced operating hours continued under states of emergency covering a cumulative total of 21 prefectures. After the nationwide lifting in October, operating hours returned to normal and consumer spending showed signs of recovery. However, uncertainty remained, including regarding trends in infections from variant strains. - FY2022-Q2WorsenedAnnual report
「As states of emergency were issued intermittently due to the spread of COVID-19, their coverage expanded to 21 prefectures by the end of August. Economic sentiment deteriorated further, and the outlook remained uncertain.」
By the end of August, the areas covered by intermittent states of emergency had expanded to 21 prefectures, and deteriorating economic sentiment and the impact on store operations continued. - FY2022-Q1WorsenedAnnual report
「With the issuance of the third state of emergency, closures and reduced operating hours at the commercial facilities where the Company operates stores extended across 1 metropolis, 2 prefectures designated as urban prefectures, 1道 and 5 prefectures. The situation remained even more difficult due to requests to refrain from nonessential, nonurgent outings and other factors.」
The third state of emergency resulted in closures and reduced operating hours at commercial facilities across 1 metropolis, 2 urban prefectures, 1道 and 5 prefectures, and difficult conditions surrounding store operations continued. - FY2021-Q3RestatedAnnual report
「After the state of emergency was lifted, stores gradually resumed operations, but considerable uncertainty remains regarding any further spread of the infection, when it will subside, and the market and consumer trends after it does.」
Store operations resumed, while the Company reconfirmed the uncertainty surrounding a renewed spread of the infection, the timing of its containment, and market and consumer trends thereafter. - FY2021-Q2RestatedAnnual report
「After the state of emergency was lifted, stores gradually resumed operations, but considerable uncertainty remains regarding any further spread of the infection, when it will subside, and the market and consumer trends after it does.」
Store operations gradually resumed, while the Company reconfirmed the uncertainty surrounding a renewed spread of the infection, the timing of its containment, and market and consumer trends thereafter. It stated that there had been no material change in business and other risks. - FY2021-Q1WorsenedAnnual report
「Due to store closures and reduced operating hours resulting from the state of emergency declared by the government amid the spread of COVID-19, operating revenue fell to 57.9% of the previous year, and the Company recorded an operating loss of ¥638 million.」
Store closures and reduced operating hours, which were disclosed at the end of the previous fiscal year, occurred extensively in the first quarter, resulting in a substantial decline in operating revenue and a wider operating loss. - FY2020MaterialisedAnnual report
「The state of emergency declared by the government on 7 April 2020 in response to the spread of COVID-19, followed by its nationwide expansion on 16 April, resulted in temporary closures at slightly more than 70% of operating stores. Other stores also experienced reduced operating hours, and these temporary closures and reduced hours may have a material impact on the performance of the Group.」
The filing states that the state of emergency in April 2020 resulted in temporary closures at slightly more than 70% of operating stores, while other stores also reduced their operating hours.