Uncertainty in the global economy due to the UK’s withdrawal from the EU, the novel coronavirus outbreak and other factors
First written in FY2020-Q1. 7 of 12 entries say "Worsened", first in FY2020-Q3. Latest entry: FY2023.
No other company in this theme has enough history to compare yet.
- FY2023MitigatedAnnual report
「As the classification of COVID-19 under the Infectious Diseases Act has shifted to Category 5, economic activity is gradually returning to normal.」
The company's view of the impact of infectious diseases on economic activity has changed to reflect that the shift to Category 5 is allowing economic activity to gradually return to normal. - FY2023-Q2MitigatedAnnual report
「The impact of COVID-19 had almost disappeared, and revenue remained solid amid the recovery in consumption.」
In Asia, including Taiwan, the impact of infectious diseases had almost disappeared, and revenue remained solid against a backdrop of recovering consumption. - FY2023-Q1MitigatedAnnual report
「In Taiwan, consolidated subsidiary 亞洲藏壽司股份有限公司 (KSA) reported revenue of ¥4,600 million, up 28.8% year on year, and ordinary profit of ¥303 million. The impact of COVID-19 had almost disappeared, and revenue remained solid amid the recovery in consumption.」
In Taiwan, the impact of COVID-19 had almost disappeared, and the company reported a recovery in consumption, higher revenue and an ordinary profit. - FY2022-Q3MitigatedAnnual report
「Although COVID-19 infections spread in Taiwan, the impact on social and economic activity remained limited. The US economy remained strong amid a robust economic recovery.」
The description of the impact of overseas economies and infectious diseases has changed to state that the impact on social and economic activity was limited in Taiwan, while the US experienced a robust economic recovery. - FY2022-Q2WorsenedAnnual report
「However, in January 2022, the rapid spread of the Omicron variant led to the application of priority preventive measures, and consumer sentiment remained weak as people refrained from going out.」
The impact of infectious diseases again became more concrete in the form of the rapid spread of the Omicron variant, the application of priority preventive measures and weak consumer sentiment due to people refraining from going out. - FY2022-Q1WorsenedAnnual report
「In the food-service industry, operating restrictions such as requests to shorten business hours were fully lifted in November 2021, and customer numbers temporarily recovered. However, the business environment remained difficult, as priority preventive measures were reintroduced in January 2022 due to the rapid spread of COVID-19 variants.」
After a temporary recovery following the lifting of operating restrictions, uncertainty surrounding infectious diseases again became more concrete due to the rapid spread of variants and the reintroduction of priority preventive measures. - FY2021WorsenedAnnual report
「The food-service industry remained in a difficult situation due to restrictions, including requests from local authorities to suspend or curtail business operations and bans on serving alcoholic beverages, aimed at preventing the spread of COVID-19. Although COVID-19 appeared to be subsiding, uncertainty continued amid concerns about the spread of new variants.」
While restrictions on business operations continued, the company indicated that the pandemic was moving toward an end but also expressed concern about the spread of new variants, showing that uncertainty surrounding infectious diseases remained. - FY2021-Q2WorsenedAnnual report
「During the second-quarter cumulative consolidated period (1 November 2020 to 30 April 2021), Japan's economy experienced stagnating economic activity due to the global spread of COVID-19, and the deterioration in economic conditions has persisted.」
The global spread of COVID-19 is described not merely as uncertainty in overseas economies but as stagnating economic activity and a prolonged deterioration in economic conditions. - FY2021-Q1WorsenedAnnual report
「During the first three months of the fiscal year from 1 November 2020 to 31 January 2021, Japan's economy was significantly affected by the resurgence of COVID-19. A state of emergency was reimposed in January 2021, and the economy remained in an uncertain situation amid concerns about the impact on economic activity.」
The company states that the resurgence of COVID-19 infections and the reissuance of the state of emergency again heightened the impact on economic activity and uncertainty about the outlook. - FY2020WorsenedAnnual report
「The timing of the end of the COVID-19 pandemic remains uncertain. If the period until its end is prolonged, government and local-authority restrictions on business operations and restraints on consumer activity could have a significant impact on the company's business performance.」
The disclosure has become more specific, moving from signs of an outbreak and uncertainty in overseas economies to a stage where the timing of the end of the pandemic is uncertain and restrictions on business operations and restraints on consumer activity could significantly affect business performance. - FY2020-Q3WorsenedAnnual report
「During the first nine months of the fiscal year from 1 November 2019 to 31 July 2020, Japan's economy was in an extremely difficult situation as economic activity and personal consumption stagnated amid the global spread of COVID-19, causing the economy to deteriorate rapidly.」
The disclosure has become more specific, moving from signs of an expanding outbreak and uncertainty in overseas economies to a global spread of infections and a rapid deterioration in economic conditions. - FY2020-Q1First statedAnnual report
「In addition, uncertainty in overseas economies increased due to disruption caused by the UK's withdrawal from the EU and signs of a global outbreak of the novel coronavirus, creating an increasingly uncertain outlook.」
The disruption caused by the UK's withdrawal from the EU and signs of a global outbreak of the novel coronavirus are explicitly identified for the first time as factors increasing uncertainty in overseas economies and uncertainty about the outlook.