Growth in Food Retail Demand During the Spread of COVID-19
First written in FY2021-Q1. 8 of 13 entries say "Restated". Latest entry: FY2025-H1.
The whole theme swung hardest in 2023: 5 of 15 companies on the "Worse" side.
6 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「In the food retail industry, to which the Group primarily belongs, increased foot traffic from the normalisation of economic activity and the recovery of inbound tourism provided tailwinds. However, the environment surrounding business operations is becoming increasingly challenging due to higher raw material prices, utility costs and labour expenses, as well as consumers’ increasingly frugal mindset amid continued price inflation.」
We continue to describe the normalization of economic activity, increased foot traffic and the recovery in inbound tourism as tailwinds for food retail. - FY2025-Q1Explicitly identifying the recovery in foot traffic and inbound tourism as a tailwindAnnual report
「In the food retail industry, to which our Group primarily belongs, increased foot traffic resulting from the normalization of economic activity and the recovery in inbound tourism are providing support, while」
The increase in foot traffic accompanying the post-pandemic normalization of economic activity and the recovery in inbound tourism have newly emerged as specific factors supporting demand for food retail. - FY2024-Q3RestatedAnnual report
「With COVID-19 reclassified as a Class 5 disease under the Infectious Diseases Control Law, the reopening of economic activity after the pandemic has progressed, while」
The company continues to describe the change from a demand environment during the spread of COVID-19 to one in which economic activity is reopening following the transition to Class 5. - FY2024-Q1Changes in the demand environment as economic activity reopensAnnual report
「With COVID-19 reclassified as a Class 5 disease under the Infectious Diseases Control Law, the reopening of economic activity after the pandemic has progressed, while」
The description has shifted from growth in demand for at-home dining and bulk purchases during the spread of COVID-19, followed by preferences for low prices, to a demand environment in which economic activity is reopening following the transition to Class 5. - FY2023-Q3RestatedAnnual report
「In the food retail industry, to which the Group primarily belongs, consumer purchasing behavior began gradually returning to pre-pandemic conditions. At the same time, consumers remained increasingly conscious of protecting household finances in everyday shopping, and preferences for low prices continued, against a backdrop of deteriorating income conditions due to declining corporate earnings and inflation caused by surging import prices and other factors.」
The company continues to describe the shift from growth in demand for at-home dining and bulk purchases during the spread of COVID-19 to a demand environment in which purchasing behavior is beginning to return to pre-pandemic conditions while preferences for low prices persist. - FY2023-Q2RestatedAnnual report
「Although consumer purchasing behavior began gradually returning to pre-pandemic conditions, consumers remained inclined to seek low prices as awareness of the need to protect household finances strengthened further in everyday shopping, against a backdrop of deteriorating income conditions due to declining corporate earnings and inflation caused by surging import prices and other factors.」
The company continues to describe a demand environment in which purchasing behavior is beginning to return to pre-pandemic conditions, while preferences for low prices persist against a backdrop of deteriorating income conditions and inflation. - FY2023-Q1Direction toward normalization of the demand structureAnnual report
「Although consumer purchasing behavior began gradually returning to pre-pandemic conditions, consumers remained inclined to seek low prices as awareness of the need to protect household finances strengthened further in everyday shopping, against a backdrop of deteriorating income conditions due to declining corporate earnings and inflation caused by surging import prices and other factors.」
The description has shifted from growth in demand for at-home dining and bulk purchases during the spread of COVID-19 to a demand environment in which purchasing behavior has begun returning to pre-pandemic conditions while preferences for low prices persist. - FY2022RestatedAnnual report
「Although consumers continue to have a strong preference for economizing, at-home dining and bulk purchases, difficult household financial conditions and weaker consumption are expected as household incomes decline and consumer prices rise, making it difficult to secure revenue at the same level as the previous year.」
The company continues to assume that consumption will decline as household incomes fall and prices rise, despite continued preferences for at-home dining and bulk purchases. - FY2022-Q2RestatedAnnual report
「Although consumers continue to have a strong preference for economizing, at-home dining and bulk purchases, difficult household financial conditions and weaker consumption are expected as household incomes decline and consumer prices rise, making it difficult to secure revenue at the same level as the previous year.」
The company continues to describe a situation in which preferences for at-home dining and bulk purchases persist, while consumption is expected to decline against a backdrop of lower household incomes and rising prices. - FY2022-Q1From demand tailwinds during the spread of COVID-19 to an expected decline in consumptionAnnual report
「Although consumers continue to have a strong preference for economizing, at-home dining and bulk purchases, difficult household financial conditions and weaker consumption are expected as household incomes decline and consumer prices rise, making it difficult to secure revenue at the same level as the previous year.」
The company continues to describe the previous preference for at-home dining and bulk purchases, but this time presents food retail demand not as an outright tailwind, but as an environment in which consumption is expected to decline against a backdrop of lower household incomes and rising prices. - FY2021-Q3RestatedAnnual report
「Food retail business conditions remained favorable, particularly as sales of fresh food grew in response to increased demand for at-home dining resulting from school closures and demand for infection-prevention products, including masks, while average spend per customer rose as customers increasingly bought in bulk.」
The company continues to state that infection-prevention products, demand for at-home dining, fresh food, and higher average spend per customer from bulk purchases supported conditions in the food retail business. - FY2021-Q2RestatedAnnual report
「Food retail business conditions remained favorable, particularly as sales of fresh food grew in response to increased demand for at-home dining resulting from school closures and demand for infection-prevention products, including masks, while average spend per customer rose as customers increasingly bought in bulk.」
The company continues to state that infection-prevention products, demand for at-home dining, fresh food, and higher average spend per customer from bulk purchases supported conditions in the food retail business. - FY2021-Q1First statedAnnual report
「Food retail business conditions remained favorable, particularly as sales of fresh food grew in response to increased demand for at-home dining resulting from school closures and demand for infection-prevention products, including masks, while average spend per customer rose as customers increasingly bought in bulk.」
The company newly states that infection-prevention products, demand for at-home dining, fresh food, and higher average spend per customer from bulk purchases supported conditions in the food retail business.