Economic and Agricultural Demand Impact of COVID-19
First written in FY2020-Q3. 6 of 17 entries say "Restated". Latest entry: FY2026.
Kaneko Seeds 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: 104 of 176 companies on the "Worse" side.
48 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「There is also a possibility that COVID-19 could spread among the Group's employees, causing a substantial disruption to operations. In such a case, the Group's performance could be affected.」
The disclosure continues to identify employee infections and operational disruption caused by COVID-19 as potential risks. - FY2024-Q3MitigatedAnnual report
「Although the easing of COVID-19-related restrictions on movement and the resulting normalization of economic activity have led to a recovery, the outlook remains uncertain. Consumer spending has shown signs of stalling in its recovery as prices have risen due to geopolitical risks and soaring raw material and energy prices.」
The disclosure continues to describe a recovery resulting from the easing of restrictions on movement and the normalization of economic activity, with some of the previous economic impact of COVID-19 diminishing. - FY2024-Q2MitigatedAnnual report
「The easing of COVID-19-related restrictions on movement led to progress toward normalizing economic activity, and corporate earnings and household consumption also showed signs of recovery, partly because of the recovery in inbound demand.」
The disclosure states that some of the economic impact of COVID-19 has continued to diminish as restrictions on movement were eased, economic activity normalized and inbound demand recovered. - FY2024-Q1MitigatedAnnual report
「The easing of restrictions on movement related to COVID-19 brought economic activity closer to normal. Other positive developments included a recovery in inbound demand and steady corporate capital investment.」
The disclosure describes the easing of COVID-19-related restrictions on movement, the normalization of economic activity and a recovery in inbound demand, indicating that some of the previous effects of the infection had diminished. - FY2023SoftenedAnnual report
「Although it is difficult to predict when the COVID-19 pandemic will subside, economic activity is expected to gradually recover as a result of measures including the reclassification of the infection under the Infectious Diseases Control Law as a Category 5 disease. In addition, because the Group's core business supports food, which is fundamental to people's lives, it does not expect the infection to have a material negative impact on the Group's performance.」
While acknowledging the difficulty of predicting when the pandemic will subside, the company indicated that it expects economic activity to recover as COVID-19 is reclassified as a Category 5 disease and does not expect a material adverse impact on performance. - FY2023-Q3RestatedAnnual report
「Regarding the impact of COVID-19 on our business, we will continue to closely monitor developments.」
The company reconfirmed its policy of continuing to closely monitor the business impact of COVID-19. - FY2023-Q2RestatedAnnual report
「Regarding the impact of COVID-19 on our business, we will continue to closely monitor developments.」
The company reconfirmed its policy of continuing to closely monitor the business impact of COVID-19. - FY2023-Q1RestatedAnnual report
「Regarding the impact of COVID-19 on our business, we will continue to closely monitor developments.」
The company reconfirmed its policy of continuing to closely monitor the business impact of COVID-19. - FY2022SoftenedAnnual report
「Regarding COVID-19, the company expects the spread to be contained and the pandemic to move toward resolution during the next consolidated fiscal year, the fiscal year ending May 2023. In addition, because the Group's core business supports food, which is fundamental to people's lives, it does not expect the infection to have a material negative impact on the Group's performance.」
Regarding the impact of the infection, the company indicated that it expects the pandemic to subside during the fiscal year ending May 2023 and does not expect a material impact on performance. However, it left open the possibility of an expansion of infections beyond its expectations. - FY2022-Q2RestatedAnnual report
「Regarding the impact of COVID-19 on our business, we will continue to closely monitor developments.」
The company states that it will continue to closely monitor the business impact of COVID-19 and that there have been no material changes to the risks. - FY2022-Q1MaterialisedAnnual report
「During the three-month period ended 31 August 2021 (1 June 2021 to 31 August 2021), the Japanese economy remained in a severe situation with wide-ranging effects from COVID-19. Infections continued to spread even as vaccinations were promoted, demand remained sluggish, particularly in the food service and tourism industries, and manufacturers whose procurement of parts from overseas was disrupted by the spread of infections abroad were forced to reduce production.」
The impact of COVID-19 continued to be reflected in the actual economic environment through the spread of infections, sluggish food service and tourism demand, and disruptions to the procurement of parts from overseas. - FY2021MaterialisedAnnual report
「Domestic agriculture was affected by numerous events that had a major impact on farm management. In addition to longstanding issues such as declining food consumption due to the declining birthrate and aging population and a shortage of successors for farms, these included a substantial decline in demand for agricultural products from the restaurant industry amid the COVID-19 pandemic, labor shortages among some producers that had depended on foreign workers because entry into Japan from overseas became difficult, falling fruit and vegetable prices, and numerous collapses of agricultural facilities caused by heavy snowfall, particularly on the Sea of Japan side.」
The disclosure states that the impact of COVID-19 materialized in farm management through reduced restaurant demand, a shortage of foreign workers and falling fruit and vegetable prices. - FY2021-Q3RestatedAnnual report
「Regarding the impact of COVID-19 on our business, we will continue to closely monitor developments.」
The company states that it will continue to closely monitor the business impact of COVID-19 and that there have been no material changes to the risks described for the previous fiscal year. - FY2021-Q2MaterialisedAnnual report
「During the six-month period ended 30 November 2020 (1 June 2020 to 30 November 2020), the Japanese economy was in an extremely challenging situation, with activity slowing sharply, particularly in the restaurant and tourism industries, due to the impact of COVID-19.」
The disclosure states that the slowdown in the restaurant and tourism industries caused by COVID-19 continued and that its impact on the economy had materialized. - FY2021-Q1MaterialisedAnnual report
「In addition to the longstanding issues facing domestic agriculture, including declining food consumption due to the declining birthrate and aging population and a shortage of successors to farming households, events with a major impact on farm management occurred frequently, including a sharp decline in agricultural-product demand from the foodservice industry due to COVID-19, poor crop yields caused by prolonged rainy weather and soaring vegetable prices.」
The impact of COVID-19 has continued and become more concrete as an event affecting farm management through a substantial decline in demand for agricultural products from the restaurant industry. - FY2020MaterialisedAnnual report
「Cabbage seed exports stagnated as logistics in destination countries were disrupted by the COVID-19 pandemic, while carrot seeds remained sluggish in both exports and domestic sales,」
The disclosure states that the impact of COVID-19 materialized in the form of disruptions to overseas logistics and sluggish seed sales. It also describes positive effects, including growth in demand for home gardening. - FY2020-Q3First statedAnnual report
「In addition, the spread of COVID-19 had a negative impact on the economy, creating a situation with many sources of uncertainty. In domestic agriculture, longstanding issues such as declining food consumption due to the declining birthrate and aging population and a shortage of successors for farms were compounded by crop damage from insufficient sunshine in early summer and the arrival of powerful typhoons. Although a warm winter increased the supply of fruits and vegetables, demand for commercial and processing use declined as fewer foreign visitors came to Japan and restaurant activity decreased due to COVID-19. As a result, prices for fruits and vegetables fell under the effects of both supply and demand, placing pressure on farm management.」
For the first time, the disclosure describes the negative economic impact of COVID-19, the decline in demand for commercial and processing use through lower numbers of foreign visitors and reduced restaurant activity, falling fruit and vegetable prices, and pressure on farm management.