Risk of Business Environment Uncertainty Due to COVID-19
First written in FY2020. 4 of 7 entries say "Restated". Latest entry: FY2023.
Nihon M&A Center Holdings 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.
27 other companies' latest entry also says "Reframed".
- FY2023ReframedAnnual report
「If a new infectious disease or similar event occurs anywhere in the world, the business environment surrounding our group may become uncertain going forward.」
The wording was revised from a description focused on the ongoing impact of COVID-19 to a general risk of abnormal conditions, including new infectious diseases and similar events in the future. - FY2022-Q3RestatedAnnual report
「During the nine-month period ended the third quarter of the current consolidated fiscal year, economic activity was expected to gain momentum ahead of the Tokyo Olympics, but our sales activities continued to be severely restricted, including by the intermittent issuance of states of emergency.」
The filing reaffirmed that sales activities continued to be severely restricted by intermittent states of emergency. - FY2021RestatedAnnual report
「Due to the global impact of COVID-19, the business environment surrounding our group has become uncertain going forward.」
The filing reaffirmed the situation of monitoring the increasing uncertainty in the business environment due to COVID-19 and its impact. - FY2021-Q3RestatedAnnual report
「As stated in the additional information section of the securities report for the previous consolidated fiscal year, under accounting estimates concerning the impact of the spread of COVID-19, we initially assumed that the impact of this matter on the group's results would continue until around summer 2020. However, as it remains impossible to predict when the pandemic will end, we have changed the assumption to one that the impact will continue for a certain period from the current consolidated fiscal year onward, and have made accounting estimates including impairment of fixed assets and the recoverability of deferred tax assets.」
As the impact of COVID-19 continued and it was impossible to predict when the pandemic would end, the accounting assumption that it would continue for a certain period was maintained. - FY2021-Q2WorsenedAnnual report
「As stated in the additional information section of the securities report for the previous consolidated fiscal year, under accounting estimates concerning the impact of the spread of COVID-19, we initially assumed that the impact of this matter on the group's results would continue until around summer 2020. However, as it remains impossible to predict when the pandemic will end, we have changed the assumption to one that the impact will continue for a certain period from the current consolidated fiscal year onward, and have made accounting estimates including impairment of fixed assets and the recoverability of deferred tax assets.」
Regarding the impact of COVID-19, the assumption was changed from the initial assumption that it would continue until around summer 2020 to one that it would continue for a certain period from the current consolidated fiscal year onward. The situation in which the end of the pandemic could not be predicted became prolonged. - FY2021-Q1RestatedAnnual report
「The spread of COVID-19 continues at present. We will continue to strengthen the initiatives described above so that customers across Japan seeking M&A can receive services from our group with as much peace of mind as possible.」
The filing stated that the spread of COVID-19 and restrictions on sales activities continued, reaffirming the risk of an increasingly uncertain business environment that arose in the previous fiscal year. - FY2020MaterialisedAnnual report
「Due to the global impact of COVID-19, the business environment surrounding our group has become uncertain going forward.」
The global spread of COVID-19 was first explicitly identified as a risk that had actually caused uncertainty about the business environment. The filing states that it could also affect the recoverability of deferred tax assets.