Demand Fluctuations and Business Activity Disruptions Caused by the Novel Coronavirus Disease
First written in FY2021-Q1. 6 of 13 entries say "Mitigated", first in FY2023-Q1. Latest entry: FY2024.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
51 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「Although economic activity is moving toward normalization following the reclassification of COVID-19 as a Category 5 infectious disease, if business activities are forced to stop due to the emergence of new, unidentified variants or other factors, the Group's business activities, operating performance, and financial position may be affected.」
Economic activity is moving toward normalization following the transition to Category 5, and the impact of the previous demand and activity restrictions caused by COVID-19 has eased. However, the risk of a resurgence caused by unidentified variants remains. - FY2024-Q2MitigatedAnnual report
「Following the downgrade of COVID-19 to a Category 5 infectious disease, economic and social activity moved toward normalization, and the economy entered a gradual recovery trend.」
The company describes a further easing of the impact of COVID-19 on demand and business activity as economic and social activity normalized following the transition to Category 5. However, uncertainty about the outlook remains. - FY2024-Q1MitigatedAnnual report
「COVID-19 was downgraded to a Category 5 infectious disease, and economic and social activity entered a gradual recovery trend amid increased movement of people and stronger inbound demand.」
The company describes a greater easing of the impact of COVID-19 on demand and business activity than through the previous quarter, following the transition to Category 5, increased movement of people, and stronger inbound demand. - FY2023-Q3MitigatedAnnual report
「During the cumulative third quarter of the fiscal year, the Japanese economy showed signs of recovery in economic and social activity as COVID-19 countermeasures were eased. Personal consumption showed signs of a gradual recovery, with inbound consumption resuming and nationwide travel assistance programs being launched.」
The company describes a partial easing of the impact of COVID-19 on demand and business activity due to the relaxation of pandemic countermeasures, the resumption of inbound consumption, and the launch of nationwide travel assistance programs. - FY2023-Q2MitigatedAnnual report
「During the cumulative second quarter of the fiscal year, the Japanese economy showed signs of recovery in economic and social activity as the impact of COVID-19 gradually began to ease, with restrictions on movement being relaxed and personal consumption showing signs of recovery.」
The company describes a partial easing of the impact of COVID-19 on economic and social activity, as its effects gradually diminished, restrictions on movement were relaxed, and personal consumption showed signs of recovery. - FY2023-Q1MitigatedAnnual report
「During the first quarter of the current consolidated fiscal year, Japan's economy showed signs of recovery in social and economic activity, including the easing of restrictions on behavior and a recovery in personal consumption, as the number of COVID-19 cases remained low with the progress of vaccinations. However, the outlook remained uncertain amid a sharp depreciation of the yen and surging energy and raw-material prices resulting from Russia's invasion of Ukraine.」
The company describes a partial easing of the impact of COVID-19 on demand and business activity, reflected in the low number of infections, the easing of restrictions on movement, and the recovery in personal consumption. However, uncertainty about the outlook remains. - FY2022RestatedAnnual report
「Although the shift toward eating at home remained firm as COVID-19 continued, consumers' defensive approach to spending, including a preference for low-priced products and saving money due to concerns about the outlook, became increasingly pronounced. Conditions remained challenging amid intensifying price competition with competitors, higher raw material prices, and increases in power and packaging material costs resulting from soaring crude oil prices.」
The business environment continued to reflect both the shift toward eating at home caused by the prolonged pandemic and weak demand for eating out, a preference for saving money, and rising costs. - FY2022-Q3Coexistence of concerns about new variant outbreaks and expectations for a recoveryAnnual report
「Restrictions on economic activity continued to prevent the spread of COVID-19, including a state of emergency and priority preventive measures that remained in place for approximately six months. As vaccinations progressed and the number of infections fell markedly, expectations for a recovery in economic and production activity grew following the lifting of the state of emergency from October onward. However, conditions remained uncertain due to concerns about the spread of new variants.」
While restrictions on economic activity continued, expectations for a recovery following the progress of vaccinations and the lifting of the state of emergency were noted, along with additional concerns about the spread of new variants. - FY2022-Q2Continued restrictions amid the Delta variant outbreak and signs of recoveryAnnual report
「During the first half of the current consolidated fiscal year, restrictions on economic activity continued as the declaration of a state of emergency and other measures were extended due to the spread of COVID-19 and the outbreak of the highly transmissible Delta variant. Although economic and production activity showed signs of recovery as vaccinations progressed, the outlook remained uncertain.」
In addition to COVID-19, the company explicitly notes the spread of the Delta variant and the continuation of restrictions on economic activity. At the same time, it states that signs of a recovery were emerging as vaccinations enabled economic and production activities to resume. - FY2022-Q1RestatedAnnual report
「As COVID-19 spread, restrictions on economic activity continued, including declarations of a state of emergency and the introduction of priority preventive measures to prevent the spread of the disease. Although the wider rollout of vaccinations raised hopes for the resumption of economic activity, conditions remained uncertain.」
While restrictions on economic activity and uncertainty about the outlook continued due to the pandemic, the company also notes expectations for a recovery as vaccinations progress. - FY2021-Q3WorsenedAnnual report
「Although signs of a partial recovery were seen, partly due to the effects of various government policies, the economy had not yet improved sufficiently to achieve a recovery. Conditions remained uncertain, with consumer sentiment expected to deteriorate as the impact of COVID-19 continued for an extended period.」
The company states that the prolonged impact of COVID-19 is expected to depress consumer sentiment, indicating an increased risk of demand volatility and stalled business activity. - FY2021-Q2RestatedAnnual report
「Changes in consumer behavior and market structure accompanied the spread of infections. While demand for in-home meals, described as “stay-at-home consumption,” increased, foodservice products continued to struggle because of weak foodservice demand. Consumer preference for low prices and frugality, driven by anxiety about the outlook, intensified, and the operating environment remained challenging.」
Changes in consumer behavior and market structure, weak demand for eating out, and a preference for saving money due to COVID-19 continued to affect the business environment. - FY2021-Q1First statedAnnual report
「Against the backdrop of the global spread of COVID-19, Japan also faced extremely challenging conditions as economic activity slowed, with the government declaring a state of emergency to prevent the spread of infection, leading to widespread calls to refrain from going out and business closures.」
The stagnation of economic activity, demand volatility, falling prices, and supply concerns caused by COVID-19 were reflected in the operating environment and business performance for the quarter.