Risk of store closures and logistics disruptions due to the spread of COVID-19
First written in FY2020. 11 of 16 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024RestatedAnnual report
「The company operates its business through retail stores in Japan. If an infectious disease pandemic occurs in Japan, logistics could be disrupted and domestic retail stores could be closed, potentially affecting the company’s operating results.」
The company continues to disclose the risk of logistics disruptions and store closures due to the spread of infectious disease. - FY2024-Q3RestatedAnnual report
「The spread of COVID-19 could affect the company’s financial position, operating results and other matters depending on how the situation develops.」
The company continues to state that the spread of COVID-19 could affect its financial position, operating results and other matters. - FY2024-Q2RestatedAnnual report
「The spread of COVID-19 could affect the company’s financial position, operating results and other matters depending on how the situation develops.」
The company continues to state that the spread of COVID-19 could affect its financial position, operating results and other matters. - FY2024-Q1RestatedAnnual report
「The spread of COVID-19 could affect the company’s financial position, operating results and other matters depending on how the situation develops.」
The company continues to state that the spread of COVID-19 could affect its financial position, operating results and other matters. - FY2023-Q3RestatedAnnual report
「The spread of COVID-19 could affect the company’s financial position, operating results and other matters depending on how the situation develops.」
The company continues to state that the spread of COVID-19 could affect its financial position, operating results and other matters. - FY2023-Q2RestatedAnnual report
「The spread of COVID-19 could affect the company’s financial position, operating results and other matters depending on how the situation develops.」
The company continues to state that the spread of COVID-19 could affect its financial position, operating results and other matters. - FY2023-Q1RestatedAnnual report
「The spread of COVID-19 could affect the company’s financial position, operating results and other matters depending on how the situation develops.」
The company continues to state that the spread of COVID-19 could affect its financial position, operating results and other matters. - FY2022RestatedAnnual report
「The company operates its business through retail stores in Japan. If an infectious disease pandemic occurs in Japan, logistics could be disrupted and domestic retail stores could be closed, potentially affecting the company’s operating results.」
The company continues to disclose the risk of logistics disruptions and store closures due to the spread of infectious disease. - FY2022-Q3RestatedAnnual report
「The spread of COVID-19 could affect the company’s financial position, operating results and other matters depending on how the situation develops.」
The company continues to state that the spread of COVID-19 could affect its financial position, operating results and other matters. - FY2022-Q2RestatedAnnual report
「The spread of COVID-19 could affect the company’s financial position, operating results and other matters depending on how the situation develops.」
The company continues to state that the spread of COVID-19 could affect its financial position, operating results and other matters. - FY2022-Q1RestatedAnnual report
「The spread of COVID-19 could affect the company’s financial position, operating results and other matters depending on how the situation develops.」
The company continues to state that the spread of COVID-19 could affect its financial position, operating results and other matters. - FY2021MaterialisedAnnual report
「Following the state of emergency declared by the government in April 2020, the company experienced an unprecedentedly severe impact, including being forced to suspend operations and shorten operating hours at many stores. After the declaration was lifted, sales at individual stores were recovering despite being affected by the resurgence of infections. However, a second state of emergency was declared in 11 prefectures in January 2021 due to the resurgence of infections, leaving the situation extremely uncertain because the end of the COVID-19 pandemic could not be foreseen.」
Store suspensions and shortened operating hours had occurred, and the impact continued after the second state of emergency was declared due to the resurgence of infections. - FY2021-Q3MaterialisedAnnual report
「Due to the resurgence of infections, a second state of emergency was declared in 11 prefectures in January 2021. The company operates 73 of its 90 stores in those prefectures. Although no temporary closures or other measures had been implemented as of the date of this report, shortened operating hours were becoming more widespread, and the outlook remained uncertain. Subsequently, in February 2021, an extension of the state of emergency was decided for 10 prefectures, making it difficult to predict when the spread of COVID-19 would subside. If the economic downturn continues for an extended period, it could materially affect the company’s financial position, operating results and cash flows.」
Due to the resurgence of COVID-19 infections, a second state of emergency was declared in 11 prefectures where the company operates 73 stores. Although there were no temporary store closures, shortened operating hours were becoming more widespread. An extension of the state of emergency was also decided, and the impact continued. - FY2021-Q2MaterialisedAnnual report
「The spread of COVID-19 could affect the company’s financial position, operating results and other matters depending on how the situation develops. In response to various requests from the national and local governments regarding COVID-19, the company temporarily closed stores. Fixed costs incurred during the temporary closures, including personnel expenses and depreciation, as well as losses attributable to the temporary closures, have been recorded as extraordinary losses related to temporary store closures and other measures.」
Store closures due to COVID-19 have had an ongoing accounting impact, and ¥290 million in losses related to temporary store closures and other measures have been recorded as extraordinary losses. - FY2021-Q1MaterialisedAnnual report
「The spread of COVID-19 could affect the company’s financial position, operating results and other matters depending on how the situation develops. In response to various requests from the national and local governments regarding COVID-19, the company temporarily closed stores. Fixed costs incurred during the temporary closures, including personnel expenses and depreciation, as well as losses attributable to the temporary closures, have been recorded as extraordinary losses related to temporary store closures and other measures.」
Store closures due to COVID-19 had occurred, and ¥290 million in losses related to temporary store closures and other measures had been recorded as extraordinary losses. - FY2020First statedAnnual report
「The company operates its business through retail stores in Japan. If an infectious disease pandemic occurs in Japan, logistics could be disrupted and domestic retail stores could be closed, potentially affecting the company’s operating results. In response to the emergency declaration issued on 7 April 2020 due to the spread of COVID-19, the company temporarily closed stores and shortened operating hours. As of the end of April 2020, 74 stores were closed, and as of the end of May, 11 stores were closed. As of 26 June 2020, all 90 stores, including newly opened stores in June, had resumed operations.」
The company identified logistics disruptions and store closures due to the spread of infectious disease as new risks, and temporary closures and shortened operating hours had occurred by the filing date. As of 26 June 2020, all 90 stores had resumed operations.