Economic Deterioration and Uncertainty Caused by COVID-19
First written in FY2021-Q1. 7 of 15 entries say "Softened", first in FY2021-Q2. Latest entry: FY2026.
Ariake Japan moved to the "Worse" side of this theme in 2021, 1 year after the typical company in this theme (2020).
55 other companies' latest entry also says "Dropped".
- FY2026DroppedAnnual reportThis filing does not expressly identify economic deterioration and uncertainty caused by COVID-19 as a standalone risk.
- FY2024-Q3SoftenedAnnual report
「Restrictions related to COVID-19 were eased further, and economic activity remained on a gradual recovery trend.」
Regarding COVID-19, the disclosure has changed to state that restrictions have been eased further and economic activity is on a gradual recovery trend. However, uncertainty caused by geopolitical risks, rising prices and other factors remains. - FY2024-Q2SoftenedAnnual report
「During the first half of the current second quarter (1 April 2023 to 30 September 2023), the Japanese economy remained on a gradual recovery trend as restrictions related to COVID-19 were eased further.」
Regarding COVID-19, the disclosure has changed to state that restrictions have been eased further and economic activity is on a gradual recovery trend. - FY2024-Q1SoftenedAnnual report
「While economic activity is moving toward normalization following the easing of activity restrictions related to COVID-19 and the change in its classification under the Infectious Diseases Control Law to Category 5,」
The Company indicates that economic activity is moving toward normalization as restrictions on activities are eased and the legal classification of the infectious disease is changed. It does not state that the impact of the infectious disease or uncertainty about the outlook has completely disappeared. - FY2023-Q3SoftenedAnnual report
「During the first three quarters of the fiscal year ending 31 March 2023 (1 April 2022 to 31 December 2022), economic activity showed signs of normalisation as restrictions on behaviour were eased, although the effects of COVID-19 remained. Overseas, however, the effects of geopolitical risks continued, and the business environment remained difficult due to soaring raw material and energy prices against the backdrop of rising prices, the yen's depreciation and other factors. Although vaccinations and various policies showed some effect and signs of a recovery emerged, uncertainty about the outlook continued, including due to a decline in consumption.」
Although the impact of COVID-19 remains, the disclosure points to easing restrictions on activities, normalization of economic activity and signs of recovery, softening some of the wording from the severe conditions through the previous quarter. At the same time, the decline in consumption and uncertainty about the outlook continue. - FY2023-Q2SoftenedAnnual report
「During the first half of the current second quarter, the Japanese economy showed signs of recovery, despite the continuing adverse impact of COVID-19, partly owing to progress in vaccinations and the effects of various government policies. However, the timing of the end of the infections remained uncertain, and conditions continued to warrant caution.」
The adverse impact of COVID-19 continues, but signs of an economic recovery driven by vaccinations and the effects of government policies have emerged, softening some of the wording from the severe conditions in the previous quarter. Uncertainty remains. - FY2023-Q1RestatedAnnual report
「During the first quarter of the fiscal year ending 31 March 2023 (1 April 2022 to 30 June 2022), the business environment became more difficult due to COVID-19, heightened geopolitical risks, soaring raw material and energy prices, and the yen's depreciation.」
The Company is reconfirming the severity of the business environment associated with COVID-19. It also states that there are no new risks or material changes in the section on business and other risks. - FY2022RestatedAnnual report
「If suppliers and business partners suffer human, physical or financial disruptions due to the impact of COVID-19, resulting in instability in the supply of raw materials to the Company or fluctuations in procurement prices, this may affect the Company's operating results and financial position.」
Regarding COVID-19, the Company is reconfirming as major risks not only the impact on the continuation of operations if infections occur at its locations, but also the impact on supply and procurement prices at suppliers and business partners. - FY2022-Q3WorsenedAnnual report
「During the first three quarters of the fiscal year ending 31 March 2022 (1 April 2021 to 31 December 2021), Japan's economy was gradually returning to normal from a situation in which economic activity had been significantly restricted by the spread of COVID-19. However, the nationwide resurgence of COVID-19 again created a severe situation requiring close attention, and uncertainty about consumer spending and the economic outlook continues.」
Regarding COVID-19, the wording has changed from a statement that daily life was gradually returning to normal to one stating that conditions had again become severe following a nationwide resurgence. Uncertainty also continues. - FY2022-Q2SoftenedAnnual report
「During the first half of the current second quarter, the Japanese economy showed signs of recovery, despite the continuing adverse impact of COVID-19, partly owing to progress in vaccinations and the effects of various government policies. However, the timing of the end of the infections remained uncertain, and conditions continued to warrant caution.」
The adverse impact of COVID-19 on the economy continues, but signs of recovery driven by vaccinations and the effects of government policies have emerged, softening some of the wording from the severe conditions caused by the resurgence in the previous quarter. Uncertainty nevertheless remains. - FY2022-Q1WorsenedAnnual report
「During the first quarter of the fiscal year ending 31 March 2022 (1 April 2021 to 30 June 2021), Japan's economy faced various calls for restraint and restrictions on economic activity due to the spread of COVID-19. The timing of its containment remained uncertain, including because a fourth state of emergency was declared in July 2021.」
Regarding COVID-19, restrictions and self-restraint on economic activity and the fourth declaration of a state of emergency were cited, with conditions changing from signs of an economic recovery in the previous fiscal year to a severe and uncertain situation again. - FY2021RestatedAnnual report
「We are taking measures to prevent the spread of infection, with the safety of customers and employees our top priority. However, if COVID-19 infections occur at the Kyushu plant, sales headquarters, branches or other locations and, despite measures to avoid risks such as shifting to telework, this interferes with the continuation of operations, there is a possibility of a material impact on operating results.」
Regarding COVID-19, the Company has specified as major risks not only the impact on the continuation of operations if infections occur at plants or sales bases, but also the impact on supply and procurement prices at suppliers and business partners. - FY2021-Q3WorsenedAnnual report
「Although economic activity was gradually returning to normal after being significantly restricted by the spread of COVID-19, the nationwide resurgence of COVID-19 this winter again created a severe situation requiring close attention, and uncertainty about consumer spending and the economic outlook continues.」
Regarding restrictions on economic activity caused by COVID-19, the wording has changed from a statement that daily life was gradually returning to normal to one stating that conditions had again become severe following a nationwide resurgence. - FY2021-Q2SoftenedAnnual report
「Economic activity is gradually returning to normal from a situation in which it was significantly restricted, including by calls to refrain from dining out due to the spread of COVID-19 and sluggish domestic tourism caused by restrictions on domestic travel. However, the outlook for consumer spending and the economy remains uncertain.」
Regarding restrictions on economic activity caused by COVID-19, the disclosure now states that daily life is gradually returning to normal. At the same time, it continues to indicate uncertainty about consumer activity and the economic outlook. - FY2021-Q1First statedAnnual report
「Employment conditions are also weakening. Although economic activity is expected to be raised gradually while measures are taken to prevent the spread of COVID-19, the domestic and overseas economies are likely to remain in a severe and uncertain situation for some time, owing to risks of further downside and the impact on financial and capital markets from market volatility and other factors.」
The Company has, for the first time as a standalone topic, described the downside risks to the domestic and overseas economies, deterioration in employment conditions and impact on financial and capital markets associated with the global spread of COVID-19. It also states that no new risks have arisen in the section on business and other risks.