Economic Stagnation Caused by COVID-19
First written in FY2024. 1 of 4 entries say "Mitigated", first in FY2025-H1. Latest entry: FY2026.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
50 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Our group is working to establish a structure that enables flexible business continuity during a pandemic such as the spread of COVID-19 or a natural disaster through the use of information systems, web conferences and other business-continuity measures.」
The group continues to describe business continuity risks involving pandemics and natural disasters rather than the specific risk of infectious-disease-related economic stagnation. - FY2025ReframedAnnual report
「Our group is developing a structure that enables flexible business continuity during a pandemic such as the spread of COVID-19 or a natural disaster by using telework, web conferences and internal chat tools, and recognizes that the impact on our business is limited.」
The description has broadened from the specific risk of COVID-19-related economic stagnation to business continuity risks including pandemics and natural disasters. - FY2025-H1MitigatedAnnual report
「Although social and economic activity has been normalizing as the COVID-19 pandemic subsides and the economy is gradually recovering, uncertainty remains because of the prolonged Russia-Ukraine crisis, rising prices centered on energy and food, and volatility in global financial and capital markets.」
The COVID-19-related risk has weakened as the pandemic subsides and activity normalizes, while other macroeconomic uncertainties remain. - FY2024First statedAnnual report
「If economic stagnation in Japan continues for an extended period, it may affect our results of operations and financial condition.」
The company promotes changes in work practices through telework, web conferences and internal chat tools.