COVID-19-Related Project Cancellations and Postponements, Delays in Business Negotiations, and Deteriorating Business Performance
First written in FY2020. 4 of 6 entries say "Mitigated", first in FY2021-Q2. Latest entry: FY2023.
The whole theme swung hardest in 2020: 23 of 48 companies on the "Worse" side.
11 other companies' latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「Although it is difficult to accurately predict how COVID-19 will spread in the future and when it will subside, its impact on the Group's business activities and performance is limited, and therefore it has no material impact on the accounting estimates and assumptions in these consolidated financial statements.」
The Company stated that although the impact of COVID-19 remains, its material impact on business activities, performance and accounting estimates is limited. - FY2022-Q2MitigatedAnnual report
「We believe that corporate digital investment will accelerate further in the second half following the lifting of the state of emergency.」
The Company added that it expects corporate digital investment to accelerate in the second half following the lifting of the state of emergency, continuing to indicate a recovery from the delays in business negotiations and impact on orders caused by COVID-19. - FY2021-Q3MitigatedAnnual report
「At the end of the second quarter, both the EMC business and the digital talent business had been negatively affected in terms of orders and utilisation rates by teleworking and other measures at customer companies, but during the third-quarter consolidated accounting period, orders normalised and utilisation rates began to recover.」
Although the adverse impact of teleworking and other measures at customer companies on orders and utilisation rates remained, the Company stated that orders normalised and utilisation rates began to recover during the third-quarter accounting period. - FY2021-Q2MitigatedAnnual report
「During the cumulative consolidated period of the second quarter, both the EMC business and the digital talent business experienced frequent delays in negotiations for new projects due to teleworking by customer companies, negatively affecting orders and resulting in lower utilisation rates, but conditions have gradually recovered following the lifting of the state of emergency.」
The impact of delays in negotiations for new business and lower utilisation rates continued, but the Company stated that orders had gradually recovered after the state of emergency was lifted. - FY2021-Q1RestatedAnnual report
「During the cumulative consolidated period of the first quarter, both the EMC business and the digital talent business experienced frequent delays in negotiations for new projects due to teleworking by customer companies, negatively affecting orders, but conditions have gradually recovered following the lifting of the state of emergency.」
Although delays in negotiations for new business and their negative impact on orders due to COVID-19 continued into the first quarter, the Company stated that conditions had gradually recovered after the state of emergency was lifted. - FY2020MaterialisedAnnual report
「However, some projects have been cancelled or postponed due to the impact of customers refraining from economic activity and other factors. In addition, as nearly all customer companies adopted teleworking and other measures during the state of emergency, we expect a significant negative impact on consolidated results for the first half due to delays in negotiations for new business and other factors.」
The Company identified as a new risk the actual occurrence of project cancellations and postponements and delays in negotiations for new business due to COVID-19, with a significant negative impact on first-half performance expected.