Impact of the COVID-19 Pandemic on All Businesses
First written in FY2020. 5 of 17 entries say "Worsened", first in FY2021-Q1. Latest entry: FY2025-H1.
Quantum Solutions 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.
52 other companies' latest entry also says "Mitigated".
- FY2025-H1MitigatedAnnual report
「During the interim consolidated fiscal period, inflation driven by unstable exchange-rate movements resulting from the future outlook for the Japan-U.S. interest-rate differential was pronounced, and difficult conditions are expected to continue.」
Rather than the direct impact of the spread of COVID-19 on stores and production, the post-COVID foreign-exchange and inflation environment is identified as the central external factor, indicating that the impact of COVID-19 has receded relatively. - FY2024MitigatedAnnual report
「As the prolonged impact of COVID-19 subsided and the Nikkei 225 surpassed its pre-Heisei-bubble high, signs of a gradual recovery began to emerge.」
The impact of the prolonged COVID-19 pandemic on all businesses is described as moving toward an end, while economic activity is showing signs of a gradual recovery. - FY2024-Q3MitigatedAnnual report
「The Japanese economy during the first 3 quarters of the current consolidated fiscal year is showing a gradual recovery as post-COVID demand expands.」
The impact of the spread of COVID-19 on economic activity continues to be described as diminishing, with post-COVID demand expanding and the economy showing a gradual recovery. - FY2024-Q2MitigatedAnnual report
「The Japanese economy during the first 2 quarters of the current consolidated fiscal year is showing a gradual recovery as post-COVID demand expands.」
The impact of the spread of COVID-19 on economic activity is described as diminishing, with post-COVID demand expanding and the economy recovering. - FY2024-Q1MitigatedAnnual report
「With COVID-19 reclassified as a Category V disease under the Infectious Diseases Control Law, economic activity is expected to move toward normalization, including a recovery in consumption driven by inbound demand.」
COVID-19 has been reclassified as a Category V disease, and the description has shifted toward expectations of a recovery in consumption and normalization of economic activity, indicating that the business impact of the previous spread of infection is diminishing. - FY2023ReframedAnnual report
「The reclassification of COVID-19 under the Infectious Diseases Control Law as a Class 5 disease was officially decided, and the spread of infections is finally beginning to subside. Meanwhile, surging global raw-material costs resulting from the Ukraine crisis and supply chain disruptions involving components and other items have materially affected EV manufacturing and management schedules.」
While the impact of COVID-19 on stores and economic activity is described as moving toward an end, its continuing impact on parts and the supply chain remains identified as a risk to the EV business. - FY2023-Q2WorsenedAnnual report
「Procurement of parts has been delayed and the delivery of finished products has been delayed due to supply-chain disruptions caused by COVID-19.」
The impact of COVID-19 has become more pronounced, extending from delays in procuring production parts to delays in receiving finished products. - FY2023-Q1Expectations for improvement and supply delays emergeAnnual report
「Although delays in procuring some parts occurred due to transportation delays caused by China's COVID-19 countermeasures, the trial vehicle (prototype) was completed in late June 2022.」
In addition to the previous store closures and decline in visitor numbers, the impact of COVID-19 has appeared as transportation delays caused by China's infection-control measures and delays in procuring EV parts. Meanwhile, the prototype vehicle was completed. - FY2022WorsenedAnnual report
「In some parts of China, lockdowns and strict movement restrictions were imposed as COVID-19 countermeasures, apparently resulting in temporary factory shutdowns, suspended transportation, and vessel congestion at ports. If these conditions cause delays in the supply of parts, our contract production plans may be delayed, posing a risk of adversely affecting sales performance.」
The impact of COVID-19 has expanded from the previous decline in salon visitors to the risk of delays in contract production plans through disruptions to EV parts supplies, factories, and logistics. - FY2022-Q3RestatedAnnual report
「The Japanese economy during the first 3 quarters of the current consolidated fiscal year had begun to see some easing of the impact of COVID-19, including a decline in new cases, but globally the pandemic remained unabated, with difficult conditions continuing and expected to continue」
While the impact of COVID-19 had eased somewhat in Japan, the pandemic continued to rage globally, and the difficult conditions were expected to continue. - FY2022-Q2WorsenedAnnual report
「During the second quarter of the current fiscal year, sales and visitor numbers had been recovering after the third state of emergency ended, but a sharp increase in new cases led to the declaration of a fourth state of emergency, and sales fell sharply in August.」
The spread of COVID-19 led to the declaration of a fourth state of emergency, and sales in the eyelash care business fell sharply in August. - FY2022-Q1RestatedAnnual report
「The Japanese economy during the first quarter of the current consolidated fiscal year was in an extremely difficult and uncertain situation, with no end to the COVID-19 pandemic in sight and another state of emergency declared.」
The severe and uncertain economic environment, including another state of emergency, continues to be documented as the end of COVID-19 remains out of sight. - FY2021RestatedAnnual report
「The Group's segment sales declined 43.2% year on year, resulting in the recognition of a net loss for the fifth consecutive consolidated accounting period since the 18th fiscal year (1 March 2016 to 28 February 2017).」
The full-year results reaffirm the impact of COVID-19 on lower revenue in the eyelash care business and consecutive losses. - FY2021-Q3RestatedAnnual report
「The Japanese economy during the first 3 quarters of the current consolidated fiscal year remained in a difficult situation, as the COVID-19 pandemic continued unabated and a state of emergency was declared again in 1 metropolitan area and 3 prefectures, following the previous year. The situation is expected to continue.」
The difficult conditions in Japan's economy caused by COVID-19, and the expectation that they will continue, remain documented. - FY2021-Q2WorsenedAnnual report
「In the salon business, visitor numbers declined due to COVID-19, while shorter operating hours as an infection-control measure and the time required to disinfect between treatments reduced the number of available appointments, resulting in an approximately 40% year-on-year decline in sales. Product sales had been showing a gradual recovery, but the impact of COVID-19 remained deep-rooted, with sales still approximately 50% lower year on year.」
The impact of COVID-19 has taken the form of lower visitor numbers, shorter operating hours, and fewer available appointments due to the time required for disinfection, resulting in an approximately 40% year-on-year decline in salon sales and an approximately 50% decline in product sales. - FY2021-Q1WorsenedAnnual report
「In this business, department stores where our salons operated closed at their own discretion due to the impact of COVID-19, resulting in a 62% year-on-year decline in operating days. Sales of products also declined because many customers in Japan and overseas voluntarily suspended operations.」
The impact of COVID-19, previously described as causing a decline across all businesses, has specifically affected the eyelash care business through department store closures, a 62% year-on-year decline in operating days, and lower sales due to customers voluntarily suspending operations. - FY2020MaterialisedAnnual report
「All of the fintech, System Solutions, and eyelash care businesses declined due to intensifying competition among cryptocurrency exchange operators, difficulties with prospective business alliance partners, escalating demonstrations in Hong Kong, and the impact of the novel coronavirus, among other factors. In addition, since January, the number of visitors has declined due to the spread of the novel coronavirus and other factors, preventing us from achieving the planned utilization rate.」
The spread of COVID-19 is identified as a factor behind the decline across all businesses, with its impact on the eyelash care business appearing as a decline in visitor numbers and failure to achieve the target utilization rate.