Impact of the Spread of COVID-19 on Operating Performance and Financial Position
First written in FY2020. 5 of 16 entries say "Restated". Latest entry: FY2024.
Core moved to the "Worse" side of this theme in 2021, 1 year after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
16 other companies' latest entry also says "Softened".
- FY2024SoftenedAnnual report
「During the current fiscal year, Japan's economy showed signs of a moderate recovery as the downgrading of COVID-19 to Category 5 led to a recovery in personal consumption and inbound demand following the easing of restrictions on activities, and economic and social activity gradually normalized.」
The disclosure describes the downgrading of COVID-19 to Category 5, the easing of restrictions on activities, the recovery in personal consumption and inbound demand, and the normalization of economic and social activity, indicating that business environment risks had eased from the previous fiscal year. - FY2024-Q3RestatedAnnual report
「During the first three quarters of the current fiscal year, Japan's economy showed signs of a moderate recovery as the downgrading of COVID-19 to Category 5 led to a recovery in personal consumption and inbound demand following the easing of restrictions on activities, and economic and social activity gradually normalized.」
The disclosure continues to describe the downgrading of COVID-19 to Category 5, the easing of restrictions on activities, the recovery in personal consumption and inbound demand, and the normalization of economic and social activity. - FY2024-Q2SoftenedAnnual report
「During the first half of the current fiscal year, Japan's economy showed signs of a moderate recovery as the downgrading of COVID-19 to Category 5 led to a recovery in personal consumption and inbound demand following the easing of restrictions on activities, and economic and social activity gradually normalized.」
The disclosure describes the downgrading of COVID-19 to Category 5, the easing of restrictions on activities and the normalization of economic and social activity, indicating that business environment risks from COVID-19 had eased from the previous fiscal year. - FY2024-Q1SoftenedAnnual report
「As restrictions on activities related to COVID-19 were eased, economic and social activity gradually normalized, and the economy showed signs of a moderate recovery.」
The disclosure states that restrictions on activities were eased and economic and social activity was normalizing, indicating that business environment risks from COVID-19 had eased from the previous fiscal year. - FY2023-Q3RestatedAnnual report
「During the first three quarters of the current fiscal year, although the impact of COVID-19 remained, economic and social activity gradually normalized as lifestyles changed in response to living with COVID-19, and the economy showed signs of recovery.」
Although the impact of COVID-19 remains, the disclosure continues to describe the normalization of economic and social activity and signs of an economic recovery associated with living with COVID-19. - FY2023-Q2RestatedAnnual report
「During the first half of the current fiscal year, although the impact of COVID-19 remained, economic and social activity gradually normalized as lifestyles changed in response to living with COVID-19, and the economy showed signs of recovery.」
Although the impact of COVID-19 remains, the disclosure describes the normalization of economic and social activity and signs of an economic recovery associated with living with COVID-19. - FY2023-Q1WorsenedAnnual report
「The outlook for the economy has become uncertain due to concerns over global inflation, including the re-emergence of COVID-19 infections in Japan, restrictions on economic activity under China's zero-COVID policy, higher resource and energy prices resulting from the prolonged situation in Ukraine, and the rapid depreciation of the yen.」
While economic normalization is underway as restrictions on activities are eased, the disclosure also cites the re-emergence of infections in Japan, China's restrictions on economic activity, the prolonged situation in Ukraine, yen depreciation and inflation concerns, indicating that business environment risks, including COVID-19, have strengthened again. - FY2022Coexistence of expectations for a recovery and concerns over infections re-emergingAnnual report
「During the current fiscal year, economic activity in Japan was gradually moving toward normalization as COVID-19 vaccination rates rose, and the economy continued to show signs of recovery. Going forward, continued economic recovery is expected due to ongoing infection-control measures, the effects of various policies and improving economic conditions overseas.」
While higher vaccination rates and the normalization of economic activity are described, the disclosure also mentions the possibility of new variants and the continuation of infection-control measures, indicating that expectations for a recovery coexist with concerns over infections re-emerging as a COVID-19 risk. - FY2022-Q3WorsenedAnnual report
「During the first three quarters of the current fiscal year, the economy was gradually recovering as economic activity was revitalized by higher COVID-19 vaccination rates and fewer infections. However, concerns arose that the rapid spread of variants could cause economic activity to stagnate again.」
While the disclosure indicates signs of a recovery due to higher vaccination rates and fewer infections, it also describes concerns that the rapid spread of variants could cause economic activity to stagnate again, meaning that risks have strengthened once more after the previous quarter's expectations for contained infections and an economic recovery. - FY2022-Q2SoftenedAnnual report
「During the first half of the current fiscal year, Japan's economy remained in difficult conditions due to the impact of COVID-19. However, progress in vaccinations contained the spread of the disease, raising expectations for an economic recovery.」
Although the difficult conditions caused by COVID-19 continue, the disclosure points to expectations that progress in vaccinations will contain infections and support an economic recovery, indicating that the risks have eased somewhat. The possibility of infections re-emerging due to regional differences is also mentioned. - FY2022-Q1SoftenedAnnual report
「Further progress in vaccinations is expected to lead to the end of the pandemic and the normalization of the economy. However, the outlook is expected to remain uncertain due to concerns including the spread of variants believed to be highly transmissible.」
While the difficult conditions caused by COVID-19 and concerns over the spread of variants continue, the disclosure also mentions progress in vaccinations, expectations for economic normalization and signs of a recovery, indicating that the risks have eased somewhat. - FY2021RestatedAnnual report
「During the current fiscal year, Japan's economy remained in a difficult environment due to the impact of COVID-19 in Japan and overseas. Although various policies were implemented in response, there was no sign that the situation would converge, including the re-emergence of infections caused by variants, and the outlook remained uncertain.」
The disclosure describes the re-emergence of infections caused by variants and the absence of signs that the situation will converge, indicating continued recognition of the economic and business environment risks from COVID-19. - FY2021-Q3WorsenedAnnual report
「During the first three quarters of the current fiscal year, Japan's economy remained in a difficult environment due to the impact of COVID-19 in Japan and overseas. Although various policies were implemented in response, the re-emergence of infections led to the declaration of another state of emergency, and there was still no sign that the situation would converge, leaving the outlook uncertain. In the information services industry, information technology investment by companies aimed at rationalization and labor saving had continued against a backdrop of a socially worsening labor shortage, but investment weakened amid concerns over deteriorating corporate earnings.」
The disclosure describes the re-emergence of infections, another state of emergency and the absence of signs that the situation will converge, indicating that the economic and investment environment risks from COVID-19 have become more severe than in the previous quarter. Companies' restraint on investment is reflected in actual declines in SI business revenue and profit. - FY2021-Q2MaterialisedAnnual report
「Given that the impact of COVID-19 has continued longer than expected, accounting estimates, including the assessment of the recoverability of deferred tax assets, have been made on the assumption that the operating environment will gradually return to pre-pandemic conditions by the end of the current fiscal year.」
The impact of COVID-19 continued longer than expected, and the assumption for the timing of recovery was changed from around summer to a gradual recovery toward the end of the fiscal year. The disclosure also states that the pandemic affected operations, indicating that the impact has materialized. - FY2021-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, Japan's economy deteriorated rapidly due to the impact of COVID-19 in Japan and overseas. Although the decline was beginning to level off following the lifting of the state of emergency, the outlook remained uncertain.」
The impact of COVID-19 on the economic environment and the continuing uncertainty over the outlook are described. There is no mention of a large-scale outbreak within the Group. - FY2020First statedAnnual report
「Amid the spread of COVID-19, our Group is taking measures to reduce the risk of infection. However, if a large-scale outbreak occurs within the Group, it may affect the Group's operating results and financial condition.」
The spread of COVID-19 is explicitly identified as a new major risk, and the potential impact of a large-scale outbreak on operating results and financial condition is described.