Interruption and Scaling Back of Business Activities Due to the Spread of COVID-19
First written in FY2020. 1 of 3 entries say "Restated". Latest entry: FY2023.
Nissou moved to the "Worse" side of this theme in 2023, 3 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
16 other companies' latest entry also says "Softened".
- FY2023SoftenedAnnual report
「The Japanese economy is recovering moderately, partly because the WHO has ended its declaration of a public health emergency concerning COVID-19 and Japan has reclassified the disease as a Category V infectious disease.」
The disclosure has shifted from emphasizing the interruption and curtailment of business activities as a direct risk of the infectious disease to describing an economic recovery following the WHO's termination of its declaration of a public health emergency and Japan's reclassification of the disease as Category V. - FY2021RestatedAnnual report
「However, if the spread of COVID-19 remains unresolved, and a cluster infection or similar outbreak occurs at the Company, or if the stagnation of the domestic economy caused by requests to refrain from going out or from conducting business continues for an extended period, the Company may be forced to suspend or significantly scale back its business activities, which could affect its business operations and performance.」
The risk of business activity being suspended or curtailed due to the prolonged spread of infection, an internal cluster infection, and economic stagnation remains ongoing. - FY2020First statedAnnual report
「If the spread of COVID-19 remains unresolved and a cluster infection or similar event occurs within the Company, or if stagnation in the domestic economy caused by prolonged requests to refrain from going out or conducting business continues, we may be forced to interrupt or substantially curtail our business activities, which may affect our business operations and performance.」
The interruption or substantial curtailment of business activities due to an internal cluster infection or the prolonged discouragement of going out and conducting business is described as a risk.