Risks to business continuity and performance from the spread of COVID-19
First written in FY2020. 5 of 14 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
50 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「If the infectious disease spreads within the Group, it would become difficult to continue business activities and would have a severe adverse impact on performance.」
The risk of business disruption and deteriorating performance caused by the infectious disease remains a key risk. - FY2024-Q3MitigatedAnnual report
「Following the change in the classification of COVID-19 and the lifting of activity restrictions at the beginning of the fiscal year, consumer sentiment in Japan became more active, inbound consumption recovered, demand for dining out and tourism recovered substantially, and the retail sector, including department stores, supermarkets and convenience stores, continued to post solid sales growth, bringing economic activity further toward normalization.」
The company explains that people flows, demand for dining out and tourism recovered against the backdrop of the change in the infectious disease's classification and the lifting of activity restrictions, advancing the normalization of economic activity. - FY2024-Q1MitigatedAnnual report
「Consumer sentiment in Japan became more active, partly due to the reclassification of COVID-19 as a Class 5 infectious disease, and demand for dining out and tourism, including inbound tourism, recovered substantially.」
Demand for dining out and tourism, as well as consumer activity, is recovering against the backdrop of the change in COVID-19's classification and the easing of activity restrictions. - FY2023MitigatedAnnual report
「Restrictions on daily life and social activity related to COVID-19 were eased or lifted, domestic travel, including trips and visits to family, recovered, restrictions on entry by foreign nationals were gradually lifted, and the return of people flows is bringing economic activity back toward normal levels.」
We recognize that restrictions on activity and economic activity related to the infectious disease have been eased or lifted and that economic activity is returning to normal levels. - FY2023-Q3MitigatedAnnual report
「During the consolidated nine-month period under review, restrictions on daily life and economic activity related to COVID-19 were eased or lifted in Japan. Domestic travel, including trips and visits to family, recovered, restrictions on entry by foreign nationals were gradually eased, and the return of people flows is bringing economic activity back toward normal levels.」
The risk environment has improved from one centered on activity restrictions and economic stagnation caused by the infectious disease to one of eased and lifted restrictions, recovering people flows, and a return to normal economic activity. - FY2023-Q2ReframedAnnual report
「During the cumulative second quarter of the current fiscal year, the Japanese economy was expected to recover as restrictions on daily life and economic activity related to COVID-19 were eased, domestic travel, including travel and visits to family, recovered, the flow of people returned as entry restrictions on foreign nationals were relaxed, and economic activity recovered.」
The company's view of the operating environment has shifted from one centered on restrictions on activity and business stagnation caused by the pandemic to one including eased restrictions, a recovery in the flow of people, and an economic recovery. - FY2022-Q3WorsenedAnnual report
「In addition, cases of the Omicron variant, which has caused a sharp increase in infections overseas, have surged in Japan since the beginning of the year, further increasing uncertainty over the outlook.」
Regarding COVID-19, the company identified the overseas spread of the Omicron variant and the sharp increase in cases in Japan as new sources of uncertainty. - FY2022-Q2RestatedAnnual report
「Production cuts and supply concerns due to logistics delays amid the continuing global impact of COVID-19」
The impact of COVID-19 on the operating environment, including production cuts, logistics delays, and restrictions on activity in the restaurant industry, has continued. - FY2022-Q1RestatedAnnual report
「In the restaurant industry, where shortened operating hours and calls for voluntary restraint have continued, particularly in urban areas, efforts are being made to stimulate demand through takeout and delivery services, but the outlook for recovery remains unclear and the difficult environment persists.」
Calls for shorter operating hours and voluntary restraint related to COVID-19, as well as the uncertain outlook for recovery in the restaurant industry, have continued. - FY2021MaterialisedAnnual report
「The impact of COVID-19 on business performance has had both positive and negative effects, including increased sales of consumer products and table meat due to stay-at-home demand, and sluggish sales of food-service products for restaurants.」
The impact of the pandemic has materialized as both positive and negative factors affecting business performance, including increased sales of consumer products and table meat due to at-home demand and sluggish sales of food-service products for restaurants. - FY2021-Q3RestatedAnnual report
「The spread of COVID-19 at packers in Europe and North America, which supply the company's imported raw materials, has intermittently forced some companies to close factories, while others have suffered lower productivity to maintain social distancing. Delayed shipments remain difficult to recover.」
Factory closures and lower productivity at packers, and shipment delays caused by COVID-19, have continued. - FY2021-Q2RestatedAnnual report
「The spread of COVID-19 at packers in Europe and North America, which supply the company's imported raw materials, has intermittently forced some companies to close factories, while others have suffered lower productivity to maintain social distancing. Delayed shipments remain difficult to recover.」
Supply chain disruptions caused by COVID-19, factory closures and lower productivity at packers, and shipment delays have continued. - FY2021-Q1MaterialisedAnnual report
「The global manufacturing industry's supply chains have been disrupted by the spread of COVID-19, significantly affecting the global economic slowdown, which is larger in scale than the Lehman shock.」
The impact of the spread of COVID-19, supply chain disruptions, and the global economic slowdown on business performance and the operating environment has materialized. - FY2020First statedAnnual report
「If COVID-19 spreads within the group, it will become difficult to continue business activities and will have a severe adverse impact on business performance.」
For the first time, the company separately identified the spread of COVID-19 as a key risk that could make it difficult to continue business activities and have a severe adverse impact on business performance. The main text also described the global spread of the infection, supply chain disruptions, and factory shutdowns.