Risk of Supply Chain Disruptions and Demand Stagnation from Natural Disasters and Pandemics
First written in FY2020. 4 of 15 entries say "Worsened", first in FY2021-Q3. Latest entry: FY2024.
The whole theme swung hardest in 2020: 22 of 43 companies on the "Worse" side.
4 other companies' latest entry also says "Other".
- FY2024Economic Normalization Coexisting with External UncertaintyAnnual report
「Although some stagnation has been observed despite the effects of various government policies, the economy is expected to recover gradually. However, the outlook remains uncertain due to the effects of the prolonged instability in international conditions, an economic slowdown resulting from global monetary tightening and rising prices.」
While the company indicates expectations for an economic recovery driven by policy effects following the infectious disease, it continues to cite partial stagnation and uncertainty due to international conditions, monetary tightening and rising prices. - FY2024-Q3Policy Effects Coexisting with Partial StagnationAnnual report
「Although some stagnation has been observed despite the effects of various government policies, the economy is expected to recover gradually. However, the outlook remains uncertain due to the effects of the prolonged instability in international conditions, an economic slowdown resulting from global monetary tightening and rising prices.」
Expectations for a recovery driven by policy effects following the infectious-disease measures coexist with partial stagnation and continued uncertainty due to international conditions, monetary tightening and rising prices. - FY2024-Q2Partial Recovery Following the Reclassification of COVID-19 Coexisting with UncertaintyAnnual report
「The economy has shown signs of a gradual recovery, partly due to the effects of various policies accompanying the reclassification of COVID-19 as a Class 5 infectious disease. However, the outlook remains uncertain due to the effects of the prolonged instability in international conditions, an economic slowdown resulting from global monetary tightening and rising prices.」
While the economy has shown signs of recovery due to the reclassification of COVID-19 and the effects of government policies, uncertainty has continued because of international conditions, monetary tightening and rising prices. - FY2024-Q1Partial Recovery from Eased Restrictions Coexisting with UncertaintyAnnual report
「During the cumulative first-quarter period, Japan's economy showed signs of a moderate recovery, supported by improvements in employment and income conditions and the effects of various policies addressing COVID-19 and easing restrictions on activities. However, the outlook remains uncertain because of the impact of rising prices resulting from prolonged instability in international conditions, supply-side constraints and economic slowdown caused by global monetary tightening.」
While the economy has recovered somewhat as a result of infectious-disease countermeasures and the easing of restrictions on activities, uncertainty has continued due to rising prices, supply constraints and monetary tightening. - FY2023-Q3Economic Normalization Driven by Government Policies Coexisting with UncertaintyAnnual report
「During the nine months ended the third quarter, the Japanese economy showed signs of normalization, partly due to the effects of various policies addressing COVID-19. However, the outlook remained uncertain due to factors including worsening international conditions, rising prices, supply-side constraints and volatility in financial and capital markets.」
While various policies addressing the pandemic have led to signs of economic normalization, uncertainty has continued due to international conditions, prices, supply constraints and volatility in the financial and capital markets. - FY2023-Q2Economic Improvement Driven by Government PoliciesAnnual report
「During the cumulative consolidated second quarter, the Japanese economy showed signs of improvement, partly due to the effects of various policies addressing COVID-19.」
The company states that the economy has shown signs of improvement due to the effects of various government policies addressing COVID-19. - FY2023-Q1WorsenedAnnual report
「During the cumulative consolidated first quarter, the Japanese economy remained in a severe condition, with economic activity continuing to stagnate due to the spread of COVID-19.」
The company states that economic stagnation has continued due to the spread of COVID-19, continuing to indicate the worsening of pandemic-related business-environment risks. - FY2022-Q3WorsenedAnnual report
「Although various policies and overseas economies are showing signs of improvement as a result of thorough measures to prevent COVID-19 infections and the promotion of vaccination, the outlook remains uncertain because of concerns about the emergence of new variants and a renewed spread of infections.」
Alongside signs of improvement from infection-control measures and vaccinations, the company indicates uncertainty arising from the emergence of new variants and the renewed spread of infections. - FY2022-Q2Partial Recovery Despite Continued Restrictions on Economic ActivityAnnual report
「During the six months ended the second quarter, economic activity remained subject to restrictions due to COVID-19. However, the economy has shown signs of recovery, supported by the effects of various policies, including thorough infection-control measures and the promotion of vaccinations, as well as improvements in overseas economies, although some weakness remains.」
The company states that, although restrictions on economic activity due to COVID-19 have continued, signs of a partial recovery have emerged, supported by the effects of government policies and improvements in overseas economies. - FY2022-Q1WorsenedAnnual report
「During the three months ended the first quarter, economic activity remained subject to restrictions due to the resurgence of COVID-19, including the declaration of a state of emergency and the application of priority preventive measures. Although the spread of vaccinations offers hope for the resumption of economic activity, the outlook remains uncertain.」
The company describes the resurgence of COVID-19 and restrictions on economic activity resulting from declarations of a state of emergency and priority preventive measures, indicating the worsening of pandemic-related business-environment risks. - FY2021MitigatedAnnual report
「To address this risk, the company has established procedures for responding to natural disasters, introduced a safety confirmation system and conducted disaster preparedness drills. In response to the current COVID-19 pandemic, it is also taking a cautious approach to unnecessary and non-urgent business travel and attendance at internal and external meetings, in addition to implementing staggered working hours, satellite offices and remote work.」
As measures to address natural-disaster and pandemic risks, the company has specified disaster-prevention procedures, a safety-check system and training, as well as staggered working hours, satellite offices and remote work. - FY2021-Q3WorsenedAnnual report
「During the cumulative consolidated third quarter, the Japanese economy showed signs of recovery, supported by the effects of various government policies and an improvement in overseas economies. However, the renewed spread of COVID-19 has left economic activity highly uncertain, and the timing of containment remains unclear, so the challenging situation continues.」
The company cites the resurgence of COVID-19, high uncertainty surrounding economic activity and uncertainty over when the pandemic will subside, documenting the worsening of pandemic-related business-environment risks. - FY2021-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], Japan's economy continued to experience a substantial decline in corporate earnings due to the impact of COVID-19, while employment conditions and capital investment remained weak.」
The company states that the substantial decline in corporate earnings caused by COVID-19 and weakness in employment conditions and capital investment have continued. - FY2021-Q1MaterialisedAnnual report
「In the construction industry, although the COVID-19 pandemic affected the progress of some construction projects, the scope of the impact remained limited and no significant deterioration in the business environment was observed.」
The company states that COVID-19 actually affected the progress of some construction projects. It also states, however, that the impact was limited and that there was no significant deterioration in the business environment. - FY2020First statedAnnual report
「If large-scale natural disasters, COVID-19, seasonal influenza or other pandemics impose severe restrictions on the political and economic environment, the performance of the Group may be affected by supply chain disruptions, stagnation in consumer markets and other factors.」
For the first time, the company has identified as a standalone item the risk of supply chain disruptions and stagnation in consumer markets caused by natural disasters and pandemics. The main text also refers to the COVID-19 pandemic, declarations of a state of emergency and temporary construction suspensions, indicating that infectious disease-related risks have materialized.