Risk of reduced customer traffic and disruption to store operations due to COVID-19
First written in FY2020. 6 of 14 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 69 of 91 companies on the "Worse" side.
34 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Even during outbreaks of serious infectious diseases such as COVID-19 and novel influenza, the Group has continued operations by thoroughly implementing general infection-control measures at stores and headquarters, including handwashing, gargling and cough etiquette, and by refraining from nonessential travel and business trips, avoiding large meetings, using conference calls and web conferences, and introducing telework and staggered working hours where feasible, in order to protect the health and safety of customers, business partners and employees.」
The Company continues to describe the risk of store closures and lower customer traffic due to serious infectious diseases, as well as its response of continuing operations while implementing infection-control measures. - FY2024-Q2RestatedAnnual report
「The Japanese economy during the cumulative consolidated period of the second quarter progressed toward normalization of economic activity as restrictions on activities were lifted following the reclassification of COVID-19 to Category 5 under the Infectious Diseases Control Law.」
The normalization of economic activity following the reclassification of COVID-19 to Category 5 and the lifting of activity restrictions continues to be described. - FY2024-Q1MitigatedAnnual report
「The Japanese economy during the cumulative consolidated period of the first quarter progressed toward normalization of economic activity as restrictions on activities were lifted following the reclassification of COVID-19 to Category 5 under the Infectious Diseases Control Law.」
The Company explained that economic activity normalized following the reclassification of COVID-19 to Category 5 and the lifting of activity restrictions, indicating that its previous impact on customer visits and store operations was diminishing. - FY2023RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company stated that there were no material changes regarding the risk of lower customer traffic and store operating risks due to COVID-19. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company stated that there were no material changes regarding the risk of lower customer traffic and store operating risks due to COVID-19. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company stated that there were no material changes regarding the risk of lower customer traffic and store operating risks due to COVID-19. - FY2023-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The Company stated that there were no material changes regarding the risk of lower customer traffic and store operating risks due to COVID-19. - FY2022MaterialisedAnnual report
「In summer, demand for driving to visit family or travel declined due to the impact of COVID-19.」
COVID-19 actually reduced demand for driving in summer. Meanwhile, sales of winter products were strong in winter due to snowfall. - FY2022-Q3MaterialisedAnnual report
「In the automotive goods industry, demand for driving to visit family or travel declined due to the impact of the fifth wave of COVID-19, which peaked in mid-August.」
The Company stated that the fifth wave of COVID-19 reduced demand for driving, leading to sluggish sales of high-priced products such as tires and car navigation systems. - FY2022-Q2MaterialisedAnnual report
「In the automotive goods industry, demand for driving to visit family or travel declined due to the impact of the fifth wave of COVID-19, which peaked in mid-August.」
The Company stated that the fifth wave of COVID-19 reduced demand for driving, leading to sluggish sales of high-priced products such as tires and car navigation systems. - FY2022-Q1MitigatedAnnual report
「In the same quarter of the previous year, the first state of emergency was declared and consumer sentiment weakened, resulting in lower sales of high-priced products such as tires and car navigation systems. In the first quarter, sales of high-priced products grew as demand for car use increased as a means of transportation during the COVID-19 pandemic.」
The impact of lower sales of high-priced products due to COVID-19 declined in the first quarter compared with the same period of the previous year, as sales grew against a backdrop of increased demand for car use. - FY2021-Q2MitigatedAnnual report
「In the automotive goods industry, during the COVID-19 pandemic, customer traffic declined and sales of high-priced products such as tires and car navigation systems were sluggish. However, from June, after the state of emergency was lifted, customer traffic gradually recovered and sales of high-priced products showed signs of recovery.」
The decline in customer traffic and sluggish sales of high-priced products due to COVID-19 continued to be disclosed, but customer traffic and high-priced product sales showed signs of recovery from June, partly reducing the impact of the risk. - FY2021-Q1MaterialisedAnnual report
「In the automotive goods industry, during the COVID-19 pandemic, customer traffic declined, particularly for high-priced products such as tires and car navigation systems, which saw sluggish sales.」
The decline in customer traffic and sluggish sales of high-priced products due to COVID-19 became evident in actual business conditions during the first quarter. - FY2020First statedAnnual report
「However, if stores are temporarily closed or the impact of the infection expands and persists beyond expectations, the resulting decline in customer traffic may adversely affect the operating results, financial position and other aspects of the Company's group.」
The Company described store closures and lower customer traffic due to the spread and prolonged duration of COVID-19 as major risks for the first time as separate items. It also stated that the full-year impact was expected to be limited.