Production Suspensions, Delivery Delays, and Declining Sales Due to COVID-19
First written in FY2020. 4 of 11 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024SoftenedAnnual report
「If a new infectious disease emerges, the Group's financial results may be affected by production bases, logistics systems, stagnant economic activity, lower personal consumption and other factors.」
The infectious disease risk has been reorganized from the continuing impact of COVID-19 to wording conditional on an outbreak of a new infectious disease. - FY2024-Q3SoftenedAnnual report
「During the nine-month period ended 31 December, apparel market conditions continued to recover, primarily because the easing of the COVID-19 pandemic increased opportunities for people to go out.」
The description has changed from the previous situation in which the effects of restrictions on going out and other measures due to COVID-19 continued to one premised on the pandemic calming and opportunities to go out increasing. - FY2023SoftenedAnnual report
「COVID-19 is generally trending toward containment, but if it spreads again or another infectious disease emerges, the Group's financial results may be affected by production bases, logistics systems, stagnant economic activity, lower personal consumption and other factors.」
Regarding COVID-19, the description has changed from the previous explanation that the spread would continue and the timing of its end was unknown to a broadly subsiding trend, with the risk statement limited to a resurgence or the emergence of another infectious disease. - FY2022RestatedAnnual report
「As the novel coronavirus disease is spreading worldwide, if the situation persists or infections continue to spread, the Group’s operating performance may be affected if production sites, logistics systems, economic stagnation and a decline in personal consumption cause disruptions to sales activities.」
The Company reiterates the possibility that a prolonged or expanding COVID-19 pandemic could affect production, logistics, and sales. - FY2022-Q3RestatedAnnual report
「Real GDP for July–September turned negative for the first time in 2 quarters, and concerns about a renewed increase in infections remain even after the state of emergency was lifted in October. Personal consumption of apparel has remained sluggish.」
The Company reiterates the business environment related to COVID-19, in which concerns about a resurgence of infections remained even after the state of emergency was lifted and clothing consumption remained sluggish. - FY2022-Q2RestatedAnnual report
「The impact of intermittent declarations of a state of emergency accompanying the spread of COVID-19 continued, and spending on clothing remained below pre-pandemic levels.」
The Company states that the effects of the pandemic, declarations of a state of emergency, and spending on clothing remaining below pre-pandemic levels continued. - FY2022-Q1RestatedAnnual report
「During the cumulative first-quarter period, with no end to the COVID-19 pandemic yet in sight, the effects of shortened operating hours at commercial facilities and restrictions on going out associated with the declaration of a state of emergency continued. Overall, apparel market conditions remained below 2019 levels before the pandemic, except at major suburban specialty-store chains strong in low-priced, high-functionality and staple products.」
The Company states that the timing of the end of the pandemic remains unforeseeable and that the impact on the sales environment from shortened operating hours at commercial facilities and restrictions on going out continues. - FY2021-Q3WorsenedAnnual report
「It is difficult to predict when the spread of COVID-19 will subside, and the Company is conducting an assessment based on available information. However, even after the spread of infections subsides, if a prolonged global economic downturn caused by a resurgence or other factors continues, it may have a material impact on the Group's financial position, operating results, and cash flows.」
The Company explicitly states that it is difficult to predict when the spread of infections will subside and that a prolonged global economic downturn resulting from a resurgence could have a material impact on its financial position, operating results, and cash flows. - FY2021-Q2MaterialisedAnnual report
「During the cumulative second-quarter period, restrictions on going out and temporary closures or reduced operating hours at commercial facilities associated with the spread of COVID-19 were easing following the lifting of the government's state of emergency declaration. However, fashion consumption remained slow to recover and below the previous year's level, except at some major specialty retailers.」
The Company states that restrictions on going out due to COVID-19, closures and shortened operating hours at commercial facilities, and the slow recovery in consumption continued, resulting in a 21.9% decline in sales and the recognition of losses. It also states that a prolonged spread or resurgence of infections could have a material impact on its financial position, operating results, and cash flows. - FY2021-Q1MaterialisedAnnual report
「However, the substantial impact of requests to refrain from going out and shortened business hours and temporary closures at commercial facilities associated with the spread of COVID-19 made order-taking and sales activities extremely difficult, resulting in net sales of ¥11,718 million, down 26.1% year on year.」
The Company states that restrictions on going out due to COVID-19 and shortened operating hours and closures of commercial facilities affected order intake and sales activities, resulting in an actual 26.1% decline in sales. - FY2020MaterialisedAnnual report
「In addition, following the outbreak of COVID-19 from late January, deliveries of spring and early-summer products were delayed because of the impact of production shutdowns at Chinese partner factories, which account for most of the products handled by the Company. As a result, net sales for the current consolidated fiscal year amounted to ¥60,274 million, down 7.0% year on year, including a ¥740 million decline attributable to the impact of COVID-19.」
Regarding COVID-19, the Company states that factory shutdowns and delivery delays occurred and that the impact on sales amounted to ¥740 million.