Risk of restrictions on business activities and performance impacts from COVID-19
First written in FY2020. 3 of 6 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
36 other companies' latest entry also says "Dropped".
- FY2023DroppedAnnual reportNo disclosure can be identified in the current fiscal year's risk disclosures that presents business activity restrictions and performance impacts from COVID-19 as a standalone risk item.
- FY2022RestatedAnnual report
「In preparation for outbreaks of infectious diseases and other events, the group continues to develop work systems and environments that enable telecommuting and remote work.」
The company continues to recognize the risk of restrictions on business activities caused by infectious diseases and is responding by developing systems that enable telecommuting and remote work. - FY2022-Q2RestatedAnnual report
「There have been no material changes in the impact of COVID-19 on accounting estimates described in the notes to the securities report for the previous fiscal year.」
The company stated that there were no material changes in its accounting estimates relating to the impact of COVID-19. - FY2021-Q3RestatedAnnual report
「During the cumulative nine-month period of the current fiscal year, Japan's economy remained in a difficult situation as economic activity was restricted by the spread of COVID-19. Although the level of economic activity was gradually raised after the state of emergency was lifted in April 2020, the outlook remained uncertain because of concerns over a resurgence of infections and the lack of visibility on when the outbreak would subside.」
The company continued to disclose restrictions on economic activity caused by COVID-19 and caution regarding a resurgence of infections. In business operations, the effects of restrictions on on-site visits and the freezing or postponement of projects continued, while some recovery was indicated from July onward. - FY2021-Q1MaterialisedAnnual report
「Overall, during the cumulative first quarter of the current fiscal year, although the company launched new strategic services, it was significantly affected by COVID-19.」
The infectious disease risk disclosed in the previous fiscal year resulted in actual impacts including lower sales, the freezing or postponement of projects, inability to provide on-site services, lower segment profit and a company-wide loss. - FY2020First statedAnnual report
「If infectious diseases such as COVID-19 spread again and a state of emergency or similar measure is declared in Japan, customers may restrain their IT investment, potentially affecting the group's operating results and financial position. Since 2019, the group has worked to establish an environment enabling company-wide telecommuting, and this demonstrated that most operations could be handled remotely during the state of emergency from April 2020.」
The company first explicitly disclosed its response to telecommuting following the COVID-19 outbreak and the declaration of a state of emergency. While most operations could be handled remotely, it disclosed that some services involving on-site visits and equipment handling might become impossible to provide.