Deterioration in the Operating Environment from the Spread of COVID-19
First written in FY2020. 8 of 15 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 112 of 175 companies on the "Worse" side.
35 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「During the fiscal year under review, the Japanese economy showed a moderate recovery trend, supported by increased movement of people and inbound demand following the reclassification of COVID-19 as a Class 5 infectious disease. However, the outlook for the economy remained uncertain as energy and raw-material prices continued to rise due to the situation in Ukraine, tensions in the Middle East, foreign-exchange fluctuations and the effects of global monetary tightening.」
While describing a recovery in population movement and demand following the reclassification of COVID-19 as a Class V infectious disease, the disclosure states that the economic environment remained uncertain even after the pandemic. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter, expectations for an economic recovery increased amid signs of normalization of the economy following the easing of COVID-19 measures, improvements in employment and income conditions, and a recovery in personal consumption and inbound demand.」
Continues to describe progress toward economic normalization following the easing of COVID-19 measures. The trend toward easing restrictions on economic activity related to the pandemic was reaffirmed. - FY2024-Q1MitigatedAnnual report
「During the cumulative first quarter, Japan's economy saw further progress toward normalization of social and economic activity after COVID-19 was reclassified under the Infectious Diseases Control Law as a Class V infectious disease. Personal consumption showed a gradual recovery, including as demand for going out recovered.」
The disclosure states that, after COVID-19 was reclassified as a Class V infectious disease, normalization of social and economic activity progressed further and demand for going out recovered. It indicates a further easing of restrictions on economic activity related to the pandemic. - FY2023MitigatedAnnual report
「As the classification of the disease was changed to a Class V infectious disease and restrictions on activities were eased, together with a recovery in inbound demand, conditions finally emerged in which an economic recovery and normalization of economic activity were expected.」
The disclosure describes the change in the classification of COVID-19, the easing of restrictions on activities, and expectations for the normalization of economic activity, indicating that restrictions on economic activity related to the pandemic had eased compared with previously. - FY2023-Q2MitigatedAnnual report
「During the cumulative second quarter, Japan's economy gradually moved toward normalization of economic activity under the “with COVID-19” environment after the government's restrictions on activities related to COVID-19 were lifted, and showed signs of a gradual recovery, although」
The disclosure states that, after the government lifted restrictions on activities, economic activity gradually moved toward normalization under the “with COVID-19” environment. This indicates further easing of restrictions on economic activity related to COVID-19, while uncertainty about the outlook remained. - FY2023-Q1MitigatedAnnual report
「During the cumulative first quarter, Japan's economy showed signs of recovery as restrictions on activities related to COVID-19 were eased, although」
The disclosure describes the easing of restrictions on activities related to COVID-19 and signs of an economic recovery, indicating that restrictions on economic activity related to the pandemic had eased compared with previously. - FY2022RestatedAnnual report
「The Japanese economy remained challenging during the fiscal year under review due to the prolonged impact of COVID-19 and the situation involving Russia and Ukraine.」
The disclosure states that the operating environment remained challenging as the COVID-19 pandemic continued for an extended period. - FY2022-Q3WorsenedAnnual report
「During the cumulative third quarter, Japan's economy experienced prolonged restrictions on economic activity as the state of emergency and priority preventive measures related to the spread of COVID-19 were repeatedly imposed intermittently.」
The disclosure states that, as measures including the state of emergency were repeatedly imposed intermittently, economic activity was restricted for an extended period. The pandemic's effects on the operating environment continued. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter, Japan's economy was on a recovery trend as vaccination rates increased and the number of new COVID-19 cases declined. However, conditions are expected to remain uncertain, including because a new COVID-19 variant was discovered in November.」
While referring to a recovery trend driven by higher vaccination rates and fewer new infections, the disclosure identifies the discovery of a new variant in November as a new source of uncertainty, indicating that future risks from the pandemic remain. - FY2022-Q1WorsenedAnnual report
「During the cumulative first quarter, Japan's economy continued to be affected by COVID-19. Although the lifting on 1 October of the state of emergency and the priority preventive measures following higher vaccination rates and a decline in new infections raised expectations for a resumption of economic activity, concerns about a sixth wave of infections could not be dispelled. With crude oil and natural gas prices also surging, economic conditions are expected to remain uncertain.」
Amid the continuing effects of the pandemic, concerns about a sixth wave and surging crude oil and natural gas prices were described as additional sources of uncertainty. The explanation indicates that the pandemic's effects continued and concerns about future risks intensified. - FY2021RestatedAnnual report
「In the food manufacturing industry to which our company belongs, the impact of COVID-19 increased demand for eating at home as meals at home became more common, while demand for eating out continued to languish amid efforts to prevent the spread of infection.」
It continues to describe the simultaneous increase in demand for eating at home and decline in demand for eating out as effects of COVID-19. - FY2021-Q3RestatedAnnual report
「In the food manufacturing industry to which our company belongs, the impact of COVID-19 increased demand for eating at home as meals at home became more common, while demand for eating out continued to languish amid efforts to prevent the spread of infection.」
Continues to describe the coexistence of increased demand for eating at home and sluggish demand for eating out as effects of COVID-19. - FY2021-Q2RestatedAnnual report
「In the food manufacturing industry to which our company belongs, the impact of COVID-19 increased demand for eating at home as meals at home became more common, while demand for eating out continued to languish amid efforts to prevent the spread of infection.」
Continues to describe the coexistence of increased demand for eating at home and sluggish demand for eating out as effects of COVID-19. - FY2021-Q1RestatedAnnual report
「In the food manufacturing industry to which our company belongs, the impact of COVID-19 increased demand for eating at home as meals at home became more common, while demand for eating out continued to languish amid efforts to prevent the spread of infection.」
Continues to describe the coexistence of increased demand for eating at home and sluggish demand for eating out as effects of COVID-19. - FY2020First statedAnnual report
「During the fiscal year, Japan's economy remained generally firm as corporate earnings continued to be solid, supporting a gradual improvement in employment and income conditions. However, the situation deteriorated because of the consumption tax increase, natural disasters and the spread of COVID-19.」
The spread of COVID-19 was first described separately as a factor that caused domestic economic conditions to deteriorate. In the food industry, rising demand for eating at home coexisted with stronger frugality driven by concern about the future, and both were described as affecting the actual operating environment.