Declining consumer demand for eating out and natural disaster risks

「物価上昇の継続や中東情勢をはじめとする地政学的リスクの高まりなどにより、先行き不透明な状況が続きました。」

「Meanwhile, in addition to the impact of rising prices on personal consumption, geopolitical risks have increased and uncertainty continues due to U.S. tariff policies.」

「Losses from disasters 8,949」

「Meanwhile, in addition to developments in the tense global situation surrounding Russia and Ukraine and the situation in the Middle East, the continuing depreciation of the yen and rising prices have left the outlook uncertain.」

「Following the reclassification of COVID-19 as a Class 5 disease under the Infectious Diseases Control Act, requests under the law to refrain from going out were discontinued. In addition, measures to promote economic activity by the government and an increase in the number of visitors to Japan led to an improvement in consumer sentiment and a recovery in the flow of people.」

「Following the reclassification of COVID-19 as a Class 5 disease under the Infectious Diseases Control Act, requests under the law to refrain from going out were discontinued. In addition, measures to promote economic activity, such as nationwide travel assistance and the issuance of premium-bearing vouchers by local governments, led to an improvement in consumer sentiment and a recovery in the flow of people.」

「The Group’s principal business is the operation of restaurants. If major natural disasters, social disruption caused by war, terrorism, epidemics or other events that substantially reduce consumers’ motivation to eat out occur, or if abnormal weather during busy periods or major natural disasters such as earthquakes and typhoons occur, operating results and financial condition may be affected.」

「If major natural disasters, social disruption caused by war, terrorism, epidemics or other events that substantially reduce consumers’ motivation to eat out occur, or if abnormal weather during busy periods or major natural disasters such as earthquakes and typhoons occur」

「The food service industry has also faced a decline in customer numbers due to requests to refrain from going out following the declaration of a state of emergency and the designation of priority preventive measures, requests to refrain from serving alcoholic beverages and renewed requests to shorten business hours. In addition, customer needs have changed significantly, with lifestyles and consumer behavior shifting from dining in to eating at home, including takeout and delivery,」

「The food service industry has also faced a decline in customer numbers due to requests to refrain from going out following the reissuance of the state of emergency, requests to refrain from serving alcoholic beverages and renewed requests to shorten business hours. In addition, customer needs have changed significantly, with lifestyles and consumer behavior shifting from dining in to eating at home, including takeout and delivery, making competition with other companies to attract customers increasingly intense.」

「In April 2020, the government declared a state of emergency. As consumer activity declined sharply due to requests to refrain from non-essential outings and other measures, the domestic economy entered an extremely difficult situation.」

「The infection has not yet shown any clear prospect of containment, and its impact is expected to continue.」

「As the spread of the novel coronavirus disease led to a state of emergency declared by the government and requests from local authorities to refrain from going out, many stores curtailed normal operations, including by suspending operations or reducing business hours. As a result, the business environment became even more challenging, and a situation requiring close monitoring has continued.」

「In addition to concerns over the impact on consumer sentiment of successive natural disasters and the consumption tax increase, political developments overseas have become more uncertain due to the effects of US-China trade friction and the United Kingdom's withdrawal from the EU, and the situation remains unstable.」

「The economy remained on a recovery trend, supported by solid domestic demand such as personal consumption and corporate capital investment, but remains unstable due to concerns over the impact of US-China trade friction and the United Kingdom's possible no-deal withdrawal from the EU.」

「Although the economy remained on a moderate recovery trend against a backdrop of ongoing economic policies and an economic recovery, the situation remains unstable, with concern over the impact of political developments overseas, uncertainty in economic conditions and rising geopolitical risks.」

「Against this backdrop, while maintaining a group-wide customer-centric perspective, our group has pursued store reforms and initiatives centered on sharing our vision of “No.1 Noodle Restaurant Company,” ① strengthening our business platform, ② improving profitability, and ③ advancing our growth strategy.」

「However, the situation remains unstable, with concern over the impact of political developments overseas and rising geopolitical risks.」

「However, improvements in employment conditions have not led to higher wages, and personal consumption has not yet improved substantially. In addition, the situation remains unstable, with concern over the effects of uncertainty in emerging-market economies and rising geopolitical risks.」

「However, the recovery in overall consumption cannot be considered sufficient, and an uncertain outlook continues.」

「During the first quarter cumulative consolidated period (1 April 2017 to 30 June 2017), the Japanese economy continued on a moderate recovery trend, supported by improvements in corporate earnings and employment and income conditions, but a full-scale recovery in personal consumption had not yet occurred.」

「Although employment conditions were improving, real wages remained sluggish, and personal consumption had not yet recovered.」

「Although employment conditions were improving and real wages were also gradually improving, personal consumption had not yet recovered.」

「During the second quarter cumulative consolidated period (1 April 2016 to 30 September 2016), the Japanese economy was significantly affected by the stronger yen and weaker stock prices on corporate performance, and although employment conditions were improving, personal consumption had not yet recovered.」

「The impact of the slowdown in emerging-market economies and the stronger yen and weaker stock prices on the real economy has also been substantial, and personal consumption has not yet recovered.」

「If a large-scale natural disaster occurs that substantially reduces consumers' motivation to eat out, or if social disruption caused by war, terrorism or other events, abnormal weather during peak periods, or a large-scale natural disaster such as an earthquake or typhoon occurs, this may affect operating results and financial condition.」