Decline in Customer Visits and Store Closures Due to the Spread of COVID-19
First written in FY2020. 6 of 15 entries say "Worsened", first in FY2021-Q1. Latest entry: FY2024.
Hachi-Ban 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: 76 of 98 companies on the "Worse" side.
34 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「During the first quarter of the current fiscal year, Japan's economy gradually became more active as the classification of COVID-19 under the Infectious Diseases Control Law was moved to Category 5, supported by the recovery in the flow of people through measures such as the nationwide travel support program.」
The company continued to describe the easing of infection-related operating restrictions resulting from the shift to Category 5 and the recovery in the flow of people. - FY2024-Q1MitigatedAnnual report
「During the first quarter of the current fiscal year, Japan's economy gradually became more active as the classification of COVID-19 under the Infectious Diseases Control Law was moved to Category 5, supported by the recovery in the flow of people through measures such as the nationwide travel support program.」
The company stated that the shift of COVID-19 to Category 5 under the Infectious Diseases Control Law and the recovery in the flow of people had eased infection-related operating restrictions from the previous period. - FY2023RestatedAnnual report
「The easing of activity restrictions related to COVID-19 restored the flow of people, and economic activity gradually moved toward normalisation.」
The company continued to describe the easing of operating restrictions resulting from relaxed activity restrictions and the recovery in the flow of people. However, changes in usage patterns and higher costs remained. - FY2023-Q3MitigatedAnnual report
「The easing of activity restrictions related to COVID-19 restored the flow of people, and economic activity gradually moved toward normalisation.」
The company stated that the easing of activity restrictions and recovery in the flow of people had eased infection-related operating restrictions from the previous period. However, changes in usage patterns and higher costs remained. - FY2023-Q2Easing of activity restrictions alongside the impact of the seventh waveAnnual report
「The food-service industry showed signs of recovery as restrictions on activities were eased, but the operating environment remains difficult due to the rapid spread of the seventh wave of COVID-19 and higher procurement prices and expenses resulting from soaring raw-material prices and other costs.」
The company stated that, while easing activity restrictions supported a recovery trend, the sharp spread of infections during the seventh wave and rising costs created a persistently difficult environment. - FY2023-Q1MitigatedAnnual report
「In the food-service industry, signs of recovery were seen after the quasi-emergency measures were lifted, while」
The company stated that the food-service industry showed signs of recovery after the quasi-emergency measures were lifted and that infection-related operating restrictions had eased from the previous period. - FY2022RestatedAnnual report
「In the food-service industry as well, the spread and containment of COVID-19 infections repeatedly alternated, and the business environment remained difficult due to requests for restaurants to shorten operating hours and refrain from serving alcoholic beverages under the state of emergency and other measures.」
The company continued to describe the impact on the food-service business of repeated waves of infection and containment, as well as requests to shorten operating hours and refrain from serving alcoholic beverages. - FY2022-Q3Deregulation alongside concerns about the renewed spread of variant strainsAnnual report
「Although the state of emergency and the quasi-emergency measures were lifted in September, the food-service industry continued to face a difficult business environment due to the effects of having intermittently received requests to shorten operating hours and refrain from serving alcoholic beverages to prevent the spread of infection. There were also concerns about a renewed spread of infections caused by COVID-19 variants, leaving the outlook uncertain.」
While the state of emergency and other measures were lifted and restrictions were eased, the effects of previous requests to shorten operating hours and refrain from serving alcoholic beverages remained, and there were also concerns about a renewed spread caused by variant strains. - FY2022-Q2WorsenedAnnual report
「The food-service industry continues to face an extremely difficult business environment due to the impact of requests from the government and local authorities to shorten operating hours and refrain from serving alcoholic beverages to prevent the spread of COVID-19.」
In addition to requests to shorten operating hours due to COVID-19, the company also explicitly noted the impact of requests to refrain from serving alcoholic beverages and stated that restrictions on the food-service business continued. - FY2022-Q1WorsenedAnnual report
「The food-service industry continues to face an extremely difficult business environment, due in part to the continued requests from the government and local authorities to shorten operating hours and refrain from serving alcoholic beverages to prevent the spread of COVID-19.」
Requests to shorten operating hours and refrain from serving alcoholic beverages continued, and the company described the restrictions on its food-service business caused by COVID-19 as an extremely difficult business environment. - FY2021WorsenedAnnual report
「The company faced a difficult business environment due to requests to refrain from going out to prevent the spread of COVID-19, store closures under the state of emergency, and requests to shorten operating hours. Although a temporary recovery trend was seen after the state of emergency was lifted, conditions remained difficult due to the resurgence of infections.」
The impact of store closures, shortened operating hours, and people refraining from going out continued throughout the fiscal year, resulting in full-year revenue down 30.6% year on year. - FY2021-Q3WorsenedAnnual report
「Although the economy was on a recovery trend as a result of various government measures, customer traffic declined substantially because people refrained from going out to prevent the spread of COVID-19 and avoided dining in groups. The business environment has become increasingly difficult.」
The substantial decline in customer traffic caused by people refraining from going out and avoiding group dining continued, and the business environment for the food-service business became increasingly difficult. - FY2021-Q2WorsenedAnnual report
「In the food-service industry as well, customer traffic declined substantially as people refrained from going out and avoided dining in groups due to the spread of COVID-19. Although some recovery was seen, the business environment remained difficult.」
The decline in customer traffic caused by people refraining from going out and avoiding group dining continued. Revenue from the food-service business fell 43.9% year on year, and the segment posted a loss of ¥178 million. - FY2021-Q1WorsenedAnnual report
「In the food-service industry, the business environment has remained difficult due to continued requests to refrain from going out and requests to suspend operations to prevent the spread of COVID-19, a sharp decline in customer visits caused by shortened operating hours, higher personnel and logistics costs, and the continuing impact of the consumption tax increase.」
Requests to refrain from going out and suspend operations, shortened operating hours, and a sharp decline in customer visits due to COVID-19 continued. The impact was substantial and quantifiable, with revenue in the current quarter down 45.0% year on year. - FY2020MaterialisedAnnual report
「In addition, the spread of COVID-19 resulted in the closure of commercial facilities and elsewhere, and a sharp decline in customer visits as people were asked to refrain from going out. Overseas, governments in various countries also requested that people refrain from going out, forcing stores to close or shorten their operating hours, creating a situation that is difficult to forecast.」
The spread of COVID-19 caused an actual decline in customer visits and store closures and reduced operating hours at domestic and overseas stores. The company states that the impact from the following fiscal year onward is difficult to estimate objectively.