Economic deterioration caused by the global COVID-19 pandemic
First written in FY2021-Q1. 7 of 12 entries say "Mitigated", first in FY2022-Q2. Latest entry: FY2024-Q3.
The whole theme swung hardest in 2020: 112 of 175 companies on the "Worse" side.
56 other companies' latest entry also says "Mitigated".
- FY2024-Q3MitigatedAnnual report
「During the cumulative third quarter of the fiscal year, risks from COVID-19 became limited, and progress toward the normalization of economic activity accelerated.」
The explanation has changed to state that economic risks from COVID-19 became limited and that progress toward the normalization of economic activity accelerated. - FY2024-Q2MitigatedAnnual report
「During the cumulative second quarter of the fiscal year, the Japanese economy saw the easing of restrictions on activities following the reclassification of COVID-19 as a Class 5 infectious disease, with signs of progress toward the normalization of socioeconomic activity.」
Describes the situation as socioeconomic activity moving toward normalization following the reclassification of COVID-19 as a Class 5 infectious disease and the easing of restrictions on activities. - FY2023-Q3MitigatedAnnual report
「The impact of COVID-19 was gradually weakening, and the economy began moving toward normalization.」
The explanation of COVID-19's economic impact shifted to indicate that its effects were weakening and that the economy had begun moving toward normalization. - FY2023-Q2WorsenedAnnual report
「During the first half of the fiscal year under review, although economic activity showed signs of recovery, the outlook remained uncertain due to the renewed spread of infections from COVID-19 variants, lockdowns in China, higher resource and raw-material prices resulting from the situation in Ukraine and other factors, and the sharp depreciation of the yen.」
While signs of a recovery in economic activity were evident, the renewed spread of infections from variants was again identified, and the company stated that the outlook remained uncertain amid China's lockdowns, higher resource prices and other factors. - FY2023-Q1MitigatedAnnual report
「During the first quarter of the fiscal year under review, the impact of COVID-19 on Japan's economy temporarily eased and signs of a recovery in economic activity emerged, although」
The explanation shifted to indicate that the impact of COVID-19 had temporarily eased and that economic activity was showing signs of recovery. At the same time, it stated that uncertainty caused by other external factors remained. - FY2022MitigatedAnnual report
「Although restrictions and stagnation in economic activity continued due to the spread of COVID-19, the economy was gradually moving toward recovery as vaccination progressed and infection-control measures took effect. However, infections from variants spread rapidly after the start of the year, resulting in renewed restrictions on economic activity, and the economy remained volatile.」
While describing an economic recovery supported by vaccination and infection-control measures, the company also indicated renewed restrictions due to variants. Although the pandemic risk remained, the explanation of its economic impact shifted from one-directional deterioration to volatility. - FY2022-Q3MitigatedAnnual report
「During the first nine months of the fiscal year under review, Japan's economy was in a period when the COVID-19 pandemic had subsided, economic activity had become more active and signs of a recovery were emerging.」
The explanation shifted to indicate that economic activity had picked up and signs of a recovery were emerging as the pandemic subsided. - FY2022-Q2MitigatedAnnual report
「Although restrictions on economic activity due to COVID-19 continued, the economy showed signs of recovery as a result of measures including thorough infection-control protocols and the promotion of vaccination. Some weakness remained, but signs of a recovery were emerging.」
While restrictions on economic activity continued, the company shifted its explanation to indicate that the economy was showing signs of recovery as a result of measures including infection-control protocols and vaccination. - FY2022-Q1WorsenedAnnual report
「During the first quarter of the current fiscal year, Japan's economy remained in a difficult situation as restrictions on economic activity resulting from COVID-19 and weak consumer spending continued. Although some signs of a recovery were seen, the difficult situation persisted due to the emergence of highly transmissible variants and the reissuance of states of emergency.」
In addition to restrictions on economic activity caused by COVID-19, the company described the emergence of highly infectious variants and the reissuance of a state of emergency, explaining that difficult conditions continued. - FY2021-Q3WorsenedAnnual report
「During the first nine months of the fiscal year under review, Japan's economy fell into severe stagnation due to the spread of COVID-19. In addition, a second state of emergency since the previous year was reissued in January 2021, and the lack of a clear path to economic recovery was expected to continue for the time being.」
The company described the economic stagnation caused by COVID-19, the reissuance of a second state of emergency in January 2021 and its expectation that the lack of a clear path to recovery would continue for the time being. - FY2021-Q2RestatedAnnual report
「During the first half of the fiscal year under review, Japan's economy was forced to stagnate due to the ongoing COVID-19 pandemic, which showed no sign of ending.」
The company reaffirmed its view that the COVID-19 pandemic showed no sign of ending and that economic activity remained stagnant. - FY2021-Q1First statedAnnual report
「During the first quarter of the fiscal year under review, Japan's economy deteriorated significantly due to worsening corporate earnings and sluggish consumer sentiment caused by the prolonged global COVID-19 pandemic, and remained in a situation with no clear path to recovery.」
The global COVID-19 pandemic was identified for the first time as an external risk that had actually caused worsening corporate earnings and sluggish consumer sentiment, putting downward pressure on the domestic economy.