Increased uncertainty in the economic and business environment due to COVID-19
First written in FY2020-Q3. 4 of 11 entries say "Worsened", first in FY2020. Latest entry: FY2025.
Iwatsuka Confectionery 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.
16 other companies' latest entry also says "Softened".
- FY2025SoftenedAnnual report
「Although COVID-19 appears to be subsiding, measures against infectious diseases, including influenza, continue to be addressed as an important risk.」
The company states that COVID-19 appears to be subsiding, indicating that direct uncertainty has eased compared with previously, while continuing to address the risk of operational disruptions from infectious diseases in general. - FY2023RestatedAnnual report
「Although the end of the COVID-19 pandemic remains unforeseeable, its impact on manufacturing and sales activities has been limited to some subsidiaries, and the company has judged that the impact on its operating results and other matters is limited.」
The company reconfirms its view that, although uncertainty remains over containment of the pandemic, the impact on manufacturing and sales activities and operating results is limited. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year, the Japanese economy remained affected by the course of COVID-19, although economic sentiment showed signs of recovery, including an improvement in consumer sentiment toward year-end. Although the spread of new variants and soaring energy prices are expected to cause a temporary lull, the underlying trend is expected to remain one of improvement.」
While concern remains over the course of the pandemic and the spread of new variants, the company also expresses expectations for improved consumer sentiment and an underlying economic recovery. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter of the fiscal year, the Japanese economy entered a slight lull as COVID-19 spread in waves both domestically and overseas and the impact of the semiconductor shortage remained significant. Looking ahead, expectations for a recovery in demand are strong as vaccination progresses, and improvement is expected to continue, but the outlook remains unpredictable as resource prices are also rising.」
The company continues to describe economic stagnation caused by successive waves of infection, while also expressing expectations for a recovery in demand as vaccination progresses. - FY2022-Q1WorsenedAnnual report
「During the cumulative first quarter of the fiscal year, the Japanese economy generally showed signs of improvement, although the spread of COVID-19 had not been contained. Expectations for broader vaccination and stronger external demand from Europe, the United States and China, where recovery was further advanced, supported the outlook. However, concerns remain over a resurgence of infections caused by new variants and intensifying US-China tensions, and conditions are expected to remain unpredictable.」
While expressing expectations for wider vaccination and stronger external demand, the company continues to emphasize uncertainty over the outlook, citing the lack of containment of COVID-19 and concern over renewed spread caused by new variants. - FY2021MaterialisedAnnual report
「During the fiscal year, the Japanese economy was significantly affected by the COVID-19 pandemic. It remained in an extremely unstable environment as successive waves of infection continued throughout the year with no clear prospect of containment.」
The company states that COVID-19 actually affected economic activity, consumer behavior, tourism and souvenir products, and inbound demand throughout the fiscal year. - FY2021-Q3WorsenedAnnual report
「During the cumulative third quarter of the fiscal year, the Japanese economy remained subject to the course of the COVID-19 pandemic. As infections began to spread again without a full-scale recovery, the end of the pandemic remained unforeseeable, expectations for improved corporate earnings were restrained and consumer behavior became more cautious, strengthening the sense of uncertainty over the outlook.」
The company states that the spread of infections and the lack of visibility on containment have increased uncertainty over the outlook, including their impact on corporate earnings and consumer behavior. - FY2021-Q2WorsenedAnnual report
「During the cumulative second quarter of the fiscal year, the Japanese economy entered an extremely difficult situation as COVID-19 spread. Although economic sentiment appears to have improved slightly recently, a rapid recovery in corporate earnings cannot be expected while the risk of further waves of infection remains, and the outlook is for conditions to remain unpredictable, including consumer trends.」
The economic environment caused by COVID-19 is described as extremely difficult, with additional mention of the risk of further waves of infection and the lack of prospects for a rapid recovery in corporate earnings. - FY2021-Q1MaterialisedAnnual report
「During the cumulative first quarter of the fiscal year, the Japanese economy remained in an extremely difficult situation, with sentiment deteriorating sharply as domestic and overseas economies rapidly slowed due to the spread of COVID-19.」
The company describes the rapid slowdown in domestic and overseas economies and deterioration in economic sentiment caused by COVID-19 as having actually occurred. Demand for gifts, souvenirs and inbound tourism has also declined. - FY2020WorsenedAnnual report
「The spread of COVID-19 has made domestic and overseas economic trends extremely uncertain, and the operating environment is expected to become even more challenging.」
The company describes greater uncertainty in the economic and operating environment due to COVID-19. However, as of the end of the fiscal year, there had been no impact on sales activities or operations, and the direct impact on the company was judged to be minor. - FY2020-Q3First statedAnnual report
「Although some expectations for an improvement in business conditions are emerging, given the expected limited impact of the consumption tax increase and recent progress in US-China negotiations, the outlook remains uncertain as concerns over the impact of the novel coronavirus grow.」
Growing concern over the impact of the novel coronavirus is identified for the first time as a factor contributing to the continuing uncertain outlook.