Business Impact of the COVID-19 Pandemic
First written in FY2020-Q2. 6 of 14 entries say "Restated". Latest entry: FY2023.
Cmc moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
27 other companies' latest entry also says "Reframed".
- FY2023The disclosure was reframed from references specifically identifying COVID-19 to a general discussion of pandemic riskAnnual report
「If orders fluctuate as customer companies change their business plans due to a pandemic, defined as a global outbreak of an infectious or communicable disease, the Group’s results, business plans and hiring plans may be affected.」
The company has reframed its previous disclosure on assumptions and impacts related to COVID-19 as a general risk statement concerning order fluctuations due to a pandemic and the resulting impact on results, business plans and hiring plans. - FY2023-Q2RestatedAnnual report
「There have been no material changes to the assumptions concerning the impact of COVID-19 described in the additional information to the securities report for the previous consolidated fiscal year.」
The company has reconfirmed that there were no material changes to the previous fiscal year’s assumptions concerning the impact of COVID-19. - FY2023-Q1RestatedAnnual report
「There have been no material changes to the assumptions concerning the impact of COVID-19 described in the additional information to the securities report for the previous consolidated fiscal year.」
The company has reconfirmed that there were no material changes to the previous fiscal year’s assumptions concerning the impact of COVID-19. - FY2022RestatedAnnual report
「As the COVID-19 pandemic becomes the new normal, the Group is already developing businesses that address customer companies’ needs in this environment and assumes that COVID-19 will have no material impact on results.」
The company continues to assume that there will be no material impact on results, on the premise that the pandemic has become the new normal and businesses addressing it are already in place. - FY2022-Q3RestatedAnnual report
「There have been no material changes to the assumptions concerning the impact of COVID-19 described in the additional information to the securities report for the previous consolidated fiscal year.」
The company has reconfirmed that there were no material changes to the previous fiscal year’s assumptions concerning the impact of COVID-19. - FY2022-Q2RestatedAnnual report
「There have been no material changes to the assumptions concerning the impact of COVID-19 described in the additional information to the securities report for the previous consolidated fiscal year.」
The company has reconfirmed that there were no material changes to the previous fiscal year’s assumptions concerning the impact of COVID-19. - FY2022-Q1RestatedAnnual report
「There have been no material changes to the assumptions concerning the impact of COVID-19 described in the additional information to the securities report for the previous consolidated fiscal year.」
The company has reconfirmed that there were no material changes to the previous fiscal year’s assumptions concerning the impact of COVID-19. - FY2021The company assumes no material impact on results on the premise that “with COVID-19” has become the new normal and existing products and services are accommodatedAnnual report
「The Group is already developing businesses that address customer companies’ needs in this environment and assumes that COVID-19 will have no material impact on results.」
Although the impact of educational events moving online and other developments continues, the company has framed its accounting assumption as no material impact on results, on the premise that the environment has become the new normal and that businesses addressing it are already in place. - FY2021-Q3The impact of event cancellations and the shift online due to the spread of infection continuedAnnual report
「During the nine months ended 30 September, technical manual production projects progressed in line with the outlook at the beginning of the fiscal year, but declined year on year. Various educational event projects also declined year on year as they became routinely conducted online. In addition, various scheduled event projects were cancelled following the decision to hold the Tokyo Olympics without spectators, but there was no change to the full-year outlook.」
The impact of the spread of infection continued, resulting in educational event projects becoming routinely conducted online and event cancellations following the decision to hold the Tokyo Olympics without spectators. - FY2021-Q2The impact of the prolonged spread of COVID-19Annual report
「During the six months ended 30 September, orders for technical manual production projects were in line with the plan, but order value declined as the impact of restrained investment by customer companies continued due to the prolonged effects of COVID-19, while the postponement and shift online of various educational event projects continued.」
The impact of the spread of infection has been prolonged, and order value continues to decline as customer companies restrain investment and educational event projects are postponed or moved online. - FY2021-Q1MaterialisedAnnual report
「Event-related projects recorded year-on-year declines in both net sales and operating profit, due to changes in activities, including restrained investment by customer companies in employee training and sales promotion as the spread of COVID-19 continued, as well as the impact of worsening economic conditions overseas.」
The impact of restrained investment by customer companies as the spread of COVID-19 continued actually emerged in the first quarter as declines in revenue and operating profit from event projects. - FY2020The assumption changed from incorporating the impact on the current fiscal year to assuming no material impact on results in the following fiscal yearAnnual report
「For the fiscal year ending September 2021, the company assumes that the environment surrounding corporate activities will become the new normal under “with COVID-19,” as the spread of the virus continues over an extended period, with the “new lifestyle” becoming established and the use of digital technologies, including web conferencing, accelerating. On the premise of developing businesses suited to this environment, the company assumes that COVID-19 will have no material impact on results.」
The fiscal year ending September 2020 was affected by postponed and cancelled events and a decline in printed materials. For the fiscal year ending September 2021, the company assumes no material impact on results on the premise that it will adapt to the use of digital technologies and other developments. - FY2020-Q3The risk of infection spreading expanded to orders, business plans and hiring plansAnnual report
「If orders fluctuate as customer companies change their business plans due to the spread of COVID-19 or other infectious diseases, the Group’s results, business plans and hiring plans may be affected.」
The potential impact of the spread of COVID-19 was explicitly extended beyond order fluctuations resulting from changes in customer companies’ business plans to the company’s results, business plans and hiring plans. The text states that event projects were actually postponed or cancelled and printed materials declined. - FY2020-Q2MaterialisedAnnual report
「However, the customer companies of the Group have been affected in various ways by COVID-19, including the postponement or cancellation of production and various event projects. The Group has also experienced delays in developing new products and services.」
The company states that COVID-19 led to the postponement or cancellation of production and event projects at customer companies, while its own development of new products and services was also delayed.