Impact of the Spread of COVID-19 on Sales and Store Operations
First written in FY2020. 4 of 12 entries say "Worsened", first in FY2021-Q3. Latest entry: FY2024-Q2.
Ohsho Food Service Corp. 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: 71 of 93 companies on the "Worse" side.
2 other companies' latest entry also says "Other".
- FY2024-Q2Easing of the impact of the pandemicAnnual report
「During the six-month period ended 30 September of the current fiscal year, social and economic activity moved toward normalization and showed a gradual recovery, following the reclassification of COVID-19 under the Infectious Diseases Act to Category 5.」
It describes the normalization of social and economic activity following the reclassification of COVID-19 to Category 5 and the recovery from the business impact of the previous spread of infections and restrictions on activity. - FY2023-Q2WorsenedAnnual report
「During the six-month period ended 30 September of the current fiscal year, the lifting in March of priority preventive measures led to signs of a gradual recovery in social and economic activity. However, the sharp increase in cases during the seventh wave from July onward created renewed concerns about an economic downturn.」
During the recovery phase following the lifting of restrictions, the sharp increase in cases during the seventh wave led to renewed concerns about an economic downturn and slower customer traffic on weekdays and at night. - FY2023-Q1Recovery as infections eased and restrictions were lifted, but nighttime demand remained weak.Annual report
「As the number of COVID-19 cases trended downward and social and economic activity moved toward normalization, personal consumption showed signs of recovery, partly due to the effects of various government policies.」
It states that personal consumption recovered as the number of cases declined and social and economic activity normalized, while demand for nighttime dining remained difficult. - FY2022RestatedAnnual report
「Although the number of COVID-19 cases has been trending downward following several states of emergency, we recognize that the risks to our performance from a rebound in infections and the spread of mutant strains remain significant.」
While noting the downward trend in the number of cases, it reconfirms that the risks to performance from a rebound and mutant strains remain significant. - FY2022-Q3Business conditions improved as infections eased and restrictions were lifted, but some formats remained difficult.Annual report
「During the nine-month period ended 31 December of the current fiscal year, personal consumption showed signs of recovery as COVID-19 infections, which had surged during the fifth wave, peaked and began to decline in August this year.」
It describes the decline in infections during the fifth wave and the recovery in personal consumption, indicating an improvement from the impact of the spread of infections and restrictions through the previous quarter. However, difficult conditions continued in some formats centered on nighttime operations. - FY2022-Q2WorsenedAnnual report
「During the six-month period ended 30 September of the current fiscal year, the Japanese economy was significantly affected by the spread of the fourth and fifth waves of COVID-19 infections and the nationwide application of states of emergency or priority preventive measures. Personal consumption, particularly spending on services, remained weak.」
The spread of the fourth and fifth waves of infections and nationwide states of emergency and other measures continued to affect economic activity and personal consumption, particularly spending on services. - FY2022-Q1RestatedAnnual report
「As the COVID-19 situation deteriorated, states of emergency or priority preventive measures were imposed across a cumulative total of 20 prefectures from April 2021 onward, significantly affecting economic activity. As a result, personal consumption, particularly spending on services, remained weak, and uncertainty about the outlook continued.」
It describes the deterioration in the infection situation, states of emergency and other measures covering a cumulative total of 20 prefectures, weak personal consumption and uncertainty about the outlook. It states that there were no significant changes to the business and other risks themselves. - FY2021WorsenedAnnual report
「Although the current COVID-19 pandemic has yet to subside, with several states of emergency having been declared, we recognize that the risks to our performance from a rebound in infections and the spread of mutant strains remain significant.」
Regarding the risk of a renewed spread of infections, it cites multiple states of emergency, a rebound in infections and mutant strains, and states that the risk to performance remains significant. - FY2021-Q3WorsenedAnnual report
「In the restaurant industry, the business environment deteriorated rapidly as the sharp increase in infections during the third wave led to requests to shorten operating hours in Tokyo, Osaka and certain other areas, while demand for year-end parties fell sharply.」
The business impact of COVID-19 became more severe due to the sharp increase in infections during the third wave, requests to shorten operating hours and the sharp decline in demand for year-end parties. - FY2021-Q2MaterialisedAnnual report
「However, July and August, which generate the highest sales of the year, were affected by shorter summer holidays at schools and requests to refrain from travel during the Bon holiday period, which reduced customer traffic and affected the recovery in performance. Recovery has also been slow in locations in business and entertainment districts and in formats involving alcohol, and difficult conditions have continued.」
The decline in customer traffic and delayed recovery caused by COVID-19 have continued to materialize in the summer, in certain locations and in formats involving alcohol. - FY2021-Q1MaterialisedAnnual report
「During the state of emergency that began on 7 April this year, customer numbers fell sharply due to requests to refrain from going out, temporary closures and shorter operating hours, and this trend continued even after the state of emergency was fully lifted. The recovery in customer traffic was particularly slow in downtown locations, during evening hours and on holidays, and industry-wide sales have fallen sharply year on year, except in some formats such as fast food.」
The COVID-19 risk, established as a separate theme at the end of the previous fiscal year, materialized in the form of lower customer numbers, a slower recovery in customer traffic and a sharp decline in industry sales. - FY2020First statedAnnual report
「Regarding the impact of the current COVID-19 pandemic, we believe that the future performance of our group will be significantly affected by developments related to COVID-19 and that it is difficult at present to formulate an appropriate and reasonable earnings forecast.」
For the first time, it separately identified declines in customer visits and sales, reduced operating hours, and uncertainty surrounding earnings forecasts resulting from the spread of the infection as major risks.