Impact of COVID-19 on Commercial Demand and Business Activity
First written in FY2020. 5 of 12 entries say "Worsened", first in FY2021-Q1. Latest entry: FY2026.
Morinaga Milk Industry 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".
- FY2026ReframedAnnual report
「If an unexpected and catastrophic disaster occurs in regions where the group's business locations are situated, including a natural disaster such as an earthquake or severe storm, an incident or accident such as a fire or terrorist attack, or the spread of an infectious disease, product supplies may be suspended due to a prolonged business shutdown or disruption to logistics」
The company has integrated its previous risk description, which was limited to COVID-19, into a broader category covering unforeseen circumstances, including natural disasters, incidents, accidents and infectious diseases. - FY2024SoftenedAnnual report
「In Japan, a gradual economic recovery is expected to continue, supported by the recovery in economic activity following the easing of restrictions to combat the infectious disease, increased labor demand, higher wages and a recovery in inbound demand.」
The company describes the easing of restrictions to combat the infectious disease, the recovery in economic activity and the recovery in inbound demand, indicating that the impact of the infectious disease on demand for food-service products and business activities has become less severe than in previous periods. - FY2024-Q1SoftenedAnnual report
「In Japan, a gradual economic recovery is expected to continue, supported by the recovery in economic activity following the easing of restrictions to combat the infectious disease, increased labor demand, higher wages and a recovery in inbound demand.」
The company describes the easing of restrictions to combat the infectious disease, the recovery in economic activity and the recovery in inbound demand, indicating that the impact of the infectious disease on demand for food-service products and business activities has become less severe than in previous periods. - FY2023-Q2SoftenedAnnual report
「Meanwhile, in Japan, the economy is expected to recover as economic and social activity moves toward normalization, with comprehensive measures being taken against the infectious disease.」
In Japan, the company expresses expectations for the normalization of economic and social activity and a recovery in the economy, while its description of the impact of the infectious disease on demand for food-service products and business activities has become less severe than in previous periods. Meanwhile, sales activities for food-service dairy products continue as part of the response to changing conditions. - FY2022SoftenedAnnual report
「Although demand recovered somewhat from the previous year, demand for food-service dairy products for the restaurant, hotel, tourism and souvenir industries, among others, remained weak.」
The company states that demand for food-service products affected by the infectious disease remains weak, although it has recovered somewhat from the previous year. - FY2022-Q3WorsenedAnnual report
「During the cumulative third quarter under review, the company observed renewed outbreaks of COVID-19, including variant strains, in countries worldwide, among other developments. The effects of the various issues arising from the infectious disease are expected to continue.」
The company explicitly states that the infectious disease, including variant strains, is spreading again and that its effects are expected to continue. It also states that demand for food-service dairy products for the restaurant, hotel, tourism and souvenir industries, among others, remains weak, although it has recovered somewhat from the previous year. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter under review, the company observed renewed outbreaks of COVID-19 in countries worldwide, among other developments. There is still no clear prospect for the resolution of the various issues arising from the infectious disease, and its effects are expected to continue for an extended period.」
The company continues to describe the renewed spread of the infectious disease and the prospect that its effects will continue for an extended period. - FY2021WorsenedAnnual report
「Subsequently, although the state of emergency was lifted at the end of May and signs of a recovery in the domestic economy emerged, another state of emergency was declared in January 2021, mainly in major metropolitan areas. There is still no clear prospect for the resolution of the various issues arising from COVID-19, and its effects are expected to continue for an extended period.」
The company describes the reissuance of the state of emergency and the difficulty of forecasting when the situation will be resolved, continuing to indicate the possibility that the decline in demand for food-service dairy products and the effects on procurement, production and sales may be prolonged. - FY2021-Q3WorsenedAnnual report
「Although the state of emergency was lifted at the end of May, there is still no clear prospect worldwide for the resolution of the various issues arising from COVID-19, and its effects are expected to continue for an extended period.」
In addition to the sharp decline in demand for food-service products caused by the infectious disease, the company continues to state that the timing of the resolution of the issues remains unclear and that the effects may continue for an extended period. - FY2021-Q2WorsenedAnnual report
「Although the state of emergency was lifted at the end of May, there is still no clear prospect worldwide for the resolution of the various issues arising from COVID-19, and its effects are expected to continue for an extended period.」
In addition to the sharp decline in demand for food-service dairy products, the company states that the timing of the resolution of issues arising from the infectious disease remains unclear and that the effects may continue for an extended period. - FY2021-Q1WorsenedAnnual report
「If the effects of the stagnation of business activities in countries worldwide become more prolonged, corporate activities may be affected in raw-material procurement, production and sales. However, based on our BCP (business continuity plan), we will work to establish a system for maintaining product supplies.」
Amid the continuing sharp decline in demand for food-service dairy products, the company explicitly states the potential effects on raw-material procurement, production and sales if the stagnation of business activities caused by the infectious disease becomes prolonged. - FY2020First statedAnnual report
「Demand for food-service dairy products for the restaurant, hotel, tourism and souvenir industries, among others, fell sharply in the fourth quarter due to the spread of COVID-19.」
The sharp decline in demand for food-service dairy products accompanying the global spread of COVID-19 is described for the first time as an impact that actually occurred during the fiscal year.