Decline in sales and increased uncertainty about the outlook due to the spread of COVID-19
First written in FY2020. 7 of 13 entries say "Restated". Latest entry: FY2024.
Matsuya Foods 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: 75 of 97 companies on the "Worse" side.
33 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「During the current consolidated fiscal year, the transition away from COVID-19 became clear and domestic economic activity showed signs of recovery. In addition, active sales promotion activities resulted in same-store sales reaching 110.5% of the previous year's level and remaining above the previous year.」
The situation has shifted from a phase of declining sales due to activity restrictions and requests to suspend operations toward recovery in same-store sales, driven by the transition away from COVID-19, the recovery of domestic economic activity and sales promotion activities. - FY2024-Q3RestatedAnnual report
「During the first nine months of the current consolidated fiscal year, Japan's economy has been gradually recovering as the transition away from COVID-19 became clear and social and economic activity moved toward normalization.」
The disclosure continues to state the view that the transition away from COVID-19 and the normalization of social and economic activity have become clear, indicating a shift toward recovery from the phase in which the business environment deteriorated due to the pandemic. - FY2024-Q2MitigatedAnnual report
「During the first six months of the current consolidated fiscal year, recovery has been gradual as the transition away from COVID-19 became clear and social and economic activity moved toward normalization.」
The disclosure states that the transition away from COVID-19 and the normalization of social and economic activity have become clear, indicating a shift toward recovery from the phase in which the business environment deteriorated due to COVID-19. - FY2023MitigatedAnnual report
「During the current consolidated fiscal year, domestic economic activity showed signs of recovery following the gradual easing of restrictions on activities related to COVID-19. In addition, active sales promotion activities resulted in same-store sales reaching 110.5% of the previous year's level and remaining above the previous year.」
The disclosure describes the gradual easing of restrictions on activities and the recovery of domestic economic activity, indicating a shift toward recovery from the phase in which sales declined due to the pandemic. - FY2022RestatedAnnual report
「During the current consolidated fiscal year, the operating environment became even more challenging due to the disappearance of inbound demand and requests from the authorities to suspend operations, resulting from the impact of COVID-19.」
The challenging operating environment caused by the disappearance of inbound demand and requests from the authorities to suspend operations continued throughout the fiscal year. - FY2022-Q3RestatedAnnual report
「During the third quarter of the current fiscal year, economic activity began to show signs of recovery following the lifting of the state of emergency. However, the operating environment remained challenging due in part to requests from the national and local governments for business restrictions exceeding those of the previous year. The outlook also remains uncertain, including because of concerns over the spread of the Omicron variant.」
The challenging operating environment and uncertain outlook caused by the pandemic, requests to suspend operations and concerns over the spread of the Omicron variant continue. - FY2022-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, the operating environment became even more challenging due to the impact of restrictions on economic activity, as well as requests from the authorities to suspend operations and other measures.」
The challenging operating environment caused by restrictions on economic activity and requests from the authorities to suspend operations continues. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, the operating environment was challenging due to the impact of restrictions on economic activity associated with the spread of COVID-19, as well as requests from the authorities to suspend operations and other measures.」
The disclosure states that the challenging operating environment caused by the spread of the pandemic, restrictions on economic activity and requests from the authorities to suspend operations continues. - FY2021WorsenedAnnual report
「The end of the current COVID-19 pandemic remains unforeseeable, and it continues to affect the performance of the Group.」
The impact of the pandemic continued throughout the fiscal year, resulting in an 11.4% year-on-year decline in net sales, an operating loss of ¥1.683 billion and a net loss of ¥2.376 billion. - FY2021-Q3RestatedAnnual report
「During the first nine months of the current consolidated fiscal year, the operating environment became even more challenging due to the impact of restrictions on economic activity, as well as requests from the authorities to suspend operations and other measures.」
The challenging operating environment caused by restrictions on economic activity and requests from the authorities to suspend operations continued into the third quarter. - FY2021-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, the operating environment became even more challenging due to the impact of restrictions on economic activity, as well as requests from the authorities to suspend operations and other measures.」
The challenging operating environment caused by restrictions on economic activity and requests from the authorities to suspend operations continued into the second quarter. - FY2021-Q1WorsenedAnnual report
「During the first quarter of the current consolidated fiscal year, the operating environment was challenging due to the impact of restrictions on economic activity associated with the spread of COVID-19, as well as requests from the authorities to suspend operations and other measures. Net sales declined 17.2% year on year to ¥21.15 billion, reflecting the impact of the spread of COVID-19 and other factors.」
The impact of the spread of COVID-19 and requests from the authorities to suspend operations continued into the first quarter, resulting in a 17.2% year-on-year decline in net sales. - FY2020MaterialisedAnnual report
「Due to the spread of COVID-19, same-store sales in March 2020 were 94.8% of the same month of the previous year, while sales in April and May, when a state of emergency was declared, were 77.8% of the same period of the previous year, resulting in declining sales. Under these conditions, we expect sales to continue declining in the following first and second quarters, owing to the impact of requests by local governments following the declaration of a state of emergency, including requests to refrain from going out, restrictions on facility use and a 70% reduction in attendance at workplaces. The duration of this impact remains uncertain at present.」
Same-store sales actually declined due to the spread of COVID-19, and continued declines are expected in the following first and second quarters.