Risk of economic and business impacts from COVID-19
First written in FY2020-Q2. 8 of 16 entries say "Materialised", first in FY2020-Q2. Latest entry: FY2025.
Yokorei moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 112 of 175 companies on the "Worse" side.
55 other companies' latest entry also says "Dropped".
- FY2025DroppedAnnual reportThe economic and business impact of COVID-19 is not discussed as a standalone topic in the risk factors or business performance discussion for the fiscal year.
- FY2024-Q2MitigatedAnnual report
「As the prolonged impact of COVID-19 subsided and the Nikkei 225 surpassed its pre-Heisei-bubble high, signs of a gradual recovery began to emerge.」
Regarding the economic and business impact of the prolonged COVID-19 pandemic, the company indicated that the impact had subsided and described an economic recovery. - FY2023MitigatedAnnual report
「There were signs of progress toward the normalization of socioeconomic activity, including a gradual recovery in domestic and inbound demand.」
Regarding the economic and business impact of the infectious disease, the normalization of socioeconomic activity and recovery in domestic and inbound demand were indicated, with the impact described as easing. - FY2023-Q2MitigatedAnnual report
「As the transition to a new phase of living with COVID-19 progressed, social and economic activity continued to recover toward normalization, and economic conditions showed signs of a gradual recovery.」
Although the effects of the infectious disease persist, signs of recovery toward the transition to living with COVID-19 and the normalization of socioeconomic activity have emerged, with the impact described as easing. - FY2023-Q1MitigatedAnnual report
「During the cumulative first quarter of the fiscal year from 1 October 2022 to 31 December 2022, Japan's economy showed signs of recovery in economic activity as restrictions were eased, but remained opaque due to higher resource prices caused by geopolitical risks and the impact of foreign exchange movements.」
Although the impact of COVID-19 continues, an explanation was given that economic activity had begun to recover as restrictions on movement were eased and other measures were taken, indicating factors mitigating the previous impacts. - FY2022MitigatedAnnual report
「During the current consolidated fiscal year (1 October 2021 to 30 September 2022), Japan’s economy saw a rapid renewed spread of infections described as the “seventh wave” of COVID-19. However, measures to maintain social and economic activity led to signs of a recovery in economic conditions.」
Although infections spread again during the seventh wave, signs of a recovery in economic conditions emerged as a result of measures to maintain social and economic activity. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year from 1 October 2021 to 30 June 2022, Japan's economy showed signs of normalizing economic activity as the number of COVID-19 cases declined. However, close attention was required to downside risks to the economy, including the recent renewed spread of COVID-19, the impact of restrictions on economic activity in China, the prolonged situation in Ukraine, higher raw material and energy prices, and fluctuations in foreign exchange and financial and capital markets.」
Although a decline in infections and moves toward normalizing economic activity were reported, concerns about a renewed spread of infections remain, and the risk of economic and business impacts from COVID-19 continues. - FY2022-Q2WorsenedAnnual report
「In the food industry in which the Group operates, restaurants in particular have been significantly affected by the prolonged application of priority preventive measures to prevent the spread of disease.」
The impact of COVID-19 continued and intensified in the difficult operating environment facing restaurants through the detection of variants and the prolonged application of priority preventive measures to prevent the spread of disease. - FY2022-Q1MaterialisedAnnual report
「While the impact of COVID-19 continues, concerns remain about a renewed spread of infections caused by variants, and the outlook remains uncertain.」
The impact of COVID-19 and concerns about a renewed spread caused by variants continued to manifest themselves in the difficult operating environment facing Japan’s economy and the food industry. - FY2021MaterialisedAnnual report
「During the current consolidated fiscal year (1 October 2020 to 30 September 2021), Japan’s economy remained in a difficult situation as social and economic activity was constrained for an extended period due to the impact of COVID-19.」
The impact of COVID-19 continued throughout the full year in the form of prolonged restrictions on social and economic activity, shortened business hours and closures in the food service industry, and inventory adjustments at refrigerated warehouses. - FY2021-Q3MaterialisedAnnual report
「In the food industry in which our company operates, extremely challenging conditions continue due to the extension and reissuance of the emergency declaration.」
The impact of COVID-19 continued to manifest itself in the extremely severe environment facing the food industry through extensions and reissuances of the state of emergency. - FY2021-Q2MaterialisedAnnual report
「In the food industry in which our company operates, the emergency declaration was reissued in January 2021, and extremely challenging conditions continue.」
The impact of COVID-19 continued to manifest itself in the extremely severe environment facing the food industry, following the reissuance of the state of emergency in January 2021. - FY2021-Q1MaterialisedAnnual report
「In the food industry in which our company operates, the impact of COVID-19 has been particularly significant on the food service industry, and conditions remain challenging due to factors including the suspension of the GO TO campaign program.」
The downturn in demand in the food service industry caused by COVID-19 and the impact on the food industry of the suspension of the GO TO campaign have continued. - FY2020MaterialisedAnnual report
「In the current consolidated fiscal year, the food sales business recorded declines in both revenue and profit.」
The impact of COVID-19, through stagnant cargo movement for the restaurant and hotel sectors, lower handling volumes and falling market prices, resulted in full-year declines in revenue and profit and an operating loss in the food sales business. - FY2020-Q3MaterialisedAnnual report
「During the nine-month period of the current fiscal year, COVID-19 had a significant impact, resulting in lower handling volumes due to stagnant cargo movement and lower profit due to falling market prices, leading to declines in both revenue and profit.」
The impact of COVID-19 became evident in the food sales business through lower handling volumes, falling market prices, and declines in both revenue and profit. - FY2020-Q2MaterialisedAnnual report
「The spread of COVID-19 has affected economic activity worldwide. In affected areas, this could lead to declines in sales and other revenue due to sluggish consumption, while infections among our employees could make it difficult to conduct business smoothly, including through the suspension of some operations, potentially affecting the Group’s performance and business development.」
The spread of COVID-19 was first identified explicitly as a standalone business and other risk. The disclosure described the actual effects of deteriorating economic activity, sluggish consumption and stagnant cargo volumes, while suspension of operations due to employee infections was presented as a possibility.