Heightened uncertainty about the outlook due to the spread of COVID-19
First written in FY2020-Q1. 5 of 13 entries say "Mitigated", first in FY2022. Latest entry: FY2024.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
51 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「Although the Group's business has not been significantly affected at present, it has established systems to respond promptly in the event of the emergence and spread of a new infectious disease, and has implemented safety measures including teleworking.」
Although the risk of infectious diseases remains, the disclosure states that there is no significant impact at present and that response systems including teleworking remain in place. - FY2023-Q3MitigatedAnnual report
「Although personal consumption and capital investment are showing signs of recovery as economic activity normalizes following the transition of COVID-19 to a Category 5 infectious disease,」
The disclosure describes the normalization of economic activity and the recovery in personal consumption and capital investment following the transition of COVID-19 to Category 5. However, uncertainty in the external environment remains. - FY2023-Q2MitigatedAnnual report
「Although economic activity is moving toward normalization and personal consumption is recovering as the impact of COVID-19 eases,」
The disclosure describes the easing impact of COVID-19 on economic activity, the normalization of economic activity and the recovery in personal consumption. However, uncertainty over the outlook remains. - FY2023-Q1MitigatedAnnual report
「Although the impact of COVID-19 on economic activity is gradually moving toward normalization and signs of a moderate economic recovery are emerging,」
The disclosure states that the impact of COVID-19 on economic activity is gradually moving toward normalization. However, uncertainty over the outlook remains. - FY2022MitigatedAnnual report
「Although the Group's business has not been significantly affected at present, a substantial decline in orders or delays in construction progress resulting from the impact of COVID-19 could affect the Group's operating results and financial position.」
Although potential risks of lower orders and construction delays due to the infection remain, the disclosure states that there has been no significant impact on the business at present. - FY2022-Q2RestatedAnnual report
「Japan's economy has been affected by the global economy, with uncertainty over the outlook increasing as the prolonged impact of the infection and rising prices resulting from the yen's depreciation have led to a widening divergence in corporate earnings and personal consumption.」
The disclosure continues to cite uncertainty over the outlook, including the prolonged impact of COVID-19. - FY2021-Q3WorsenedAnnual report
「Although COVID-19 vaccinations are progressing, infections with variants are spreading, and restrictions on economic activity remain in place, including repeated reissuance of states of emergency and implementation of priority preventive measures in some areas, particularly in the Tokyo metropolitan area. As a result, uncertainty about the outlook persists.」
The resurgence of infections driven by new variants and the reintroduction of states of emergency and other measures made restrictions on economic activity and uncertainty over the outlook increasingly apparent. - FY2021-Q2WorsenedAnnual report
「COVID-19 infections are spreading again, and expectations for an economic recovery through vaccination are rising. However, uncertainty about the outlook persists because the timing of containment cannot be predicted.」
It states that, although there are expectations for an economic recovery through vaccination, the outlook remains uncertain because infections are spreading again and the timing of containment cannot be predicted. - FY2021-Q1RestatedAnnual report
「The business environment remains challenging due to stalled economic activity and deteriorating personal consumption resulting from the spread of COVID-19. Although expectations for a recovery have risen as signs of improvement have emerged in some areas and COVID-19 vaccines have been approved, uncertainty about the outlook persists.」
While the spread of the infection continues to slow economic activity and worsen personal consumption, it also refers to expectations for a recovery following vaccine approval and continues to describe uncertainty about the outlook. - FY2020WorsenedAnnual report
「However, if consumer sentiment deteriorates due to anxiety about the future arising from uncertainty about the economic outlook as a result of the impact of COVID-19, causing a significant decline in customers' willingness to purchase housing and a substantial decrease in orders, this could affect the Group's operating results and financial position.」
In addition to the impact of the spread of the infection on sales activities, it has separately disclosed as risks the potential deterioration in consumer sentiment, decline in willingness to purchase housing and substantial decrease in orders. - FY2020-Q3RestatedAnnual report
「In addition, market conditions have become challenging due to the impact of restrictions on sales activities and other effects arising from the spread of COVID-19.」
It continues to state that the spread of the infection is restricting sales activities and creating challenging conditions in the housing and real estate markets. - FY2020-Q2MaterialisedAnnual report
「In addition, market conditions have become challenging due to the impact of the spread of COVID-19 on sales activities.」
Previously, it described the spread of the infection as a factor creating uncertainty about the outlook, whereas this time it describes the actual impact, namely that sales activities have been affected and the housing and real estate markets have become challenging. - FY2020-Q1First statedAnnual report
「Recently, uncertainty about the outlook has continued because of concerns over declining consumer sentiment following the consumption tax increase implemented in October 2019 and the impact of the prolonged US-China trade tensions and the spread of COVID-19.」
It has identified for the first time the spread of COVID-19 as a new external factor contributing to uncertainty about the economic outlook.