Spread of COVID-19
First written in FY2021. 3 of 9 entries say "Restated". Latest entry: FY2025.
Hip moved to the "Worse" side of this theme in 2025, 5 years after the typical company in this theme (2020).
The whole theme swung hardest in 2025: 3 of 11 companies on the "Worse" side.
2 other companies' latest entry also says "Reframed".
- FY2025ReframedAnnual report
「If unforeseen natural disasters such as earthquakes, accidents, or the spread of infectious diseases cause damage, including the suspension of business activities, at the company or customer companies, the company's operating results and financial position could be affected.」
Rather than identifying COVID-19 as a standalone risk, the Company has reorganized its risk disclosures to include the spread of infectious diseases among the business suspension risks arising from natural disasters, accidents, and other events. - FY2024-Q1MitigatedAnnual report
「During the cumulative first-quarter period, Japan’s economy showed signs of a gradual recovery as social and economic activity normalized, including with the reclassification of COVID-19 as a Class 5 disease.」
The Company explains that social and economic activity is normalizing, including through the reclassification of COVID-19 as a Class 5 disease, and that the impact of the infectious disease on the business environment is improving. - FY2023-Q3RestatedAnnual report
「During the cumulative third-quarter period, Japan’s economy continued to show signs of recovery through efforts to prevent the spread of infection while maintaining social and economic activity, despite signs of the eighth wave of COVID-19.」
The Company explains that although signs of the eighth wave have emerged, the economy continues to recover as efforts are made to prevent the spread of infection while maintaining social and economic activity. - FY2023-Q2RestatedAnnual report
「During the cumulative second-quarter period, Japan’s economy continued to show signs of recovery through efforts to prevent the spread of infection while maintaining social and economic activity, despite the impact of the seventh wave of COVID-19.」
The Company explains that although the impact of the seventh wave of COVID-19 remains, the economy continues to recover as efforts are made to prevent the spread of infection while maintaining social and economic activity. - FY2023-Q1MitigatedAnnual report
「During the cumulative first-quarter period, Japan’s economy continued to show signs of recovery as economic activity normalized with the decline in the number of new COVID-19 cases.」
The Company explains that the decline in new infections and progress toward normalizing economic activity are improving the business environment affected by the infectious disease. - FY2022MitigatedAnnual report
「Although the number of new COVID-19 cases has declined from its peak, it remains high. However, customers’ design and development activities are vigorous, and requests for engineers from the Company are trending upward.」
The Company explains that although the number of infections remains high, customers’ design and development activities and requests for engineers are trending upward. - FY2022-Q3RestatedAnnual report
「During the cumulative third-quarter period, Japan’s economy was on a recovery trend as COVID-19 vaccinations became more widespread, but uncertainty about the outlook continued due to factors including the spread of infections caused by the emergence of new variants.」
The Company explains that the economy is on a recovery trend as vaccinations become more widespread, while uncertainty about the outlook remains due to factors including the spread of infections caused by new variants. - FY2022-Q1MaterialisedAnnual report
「The number of personnel in operation has declined compared with the same period of the previous year, before the impact of COVID-19 on operations emerged, but operations are steadily progressing and generally remain in line with the initial plan.」
The Company reports as part of its operating performance that the number of personnel in operation continues to decline compared with the same period of the previous year, before the impact of COVID-19 emerged. At present, however, operations are steadily progressing and are generally in line with the initial plan. - FY2021First statedAnnual report
「If an infectious disease spreads and reduces the utilization rate because the health of many Company employees is affected, or if customers’ economic activity stagnates, leading to cuts in development expenses in the design and development division due to weak business performance or restrictions on the use of outsourcing, the Company’s operating results and financial condition may be affected.」
Regarding COVID-19, the Company identifies reduced utilization rates due to deteriorating employee health and lower demand due to stagnation in customers’ economic activity as a standalone infectious-disease risk. The spread of the infection has in fact appeared during the fiscal year as lower utilization rates and a cautious stance among customers.