Impact of the Global Spread of COVID-19 on Business and Consumption
First written in FY2020. 6 of 10 entries say "Restated". Latest entry: FY2023-Q3.
36 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「In addition to rising energy prices associated with Russia's invasion of Ukraine, soaring global raw material prices and the rapid depreciation of the yen, the scale and timing of the end of the impact of the COVID-19 pandemic cannot be foreseen. Uncertainty about the outlook therefore continues, and the impact is expected to continue during the current consolidated fiscal year.」
Uncertainty over the scale and timing of the end of the impact of COVID-19 continued, and the impact was expected to continue during the current consolidated fiscal year. - FY2023-Q2RestatedAnnual report
「In addition to rising energy prices associated with Russia's invasion of Ukraine, soaring global raw material prices and the rapid depreciation of the yen, the scale and timing of the end of the impact of the COVID-19 pandemic cannot be foreseen. Uncertainty about the outlook therefore continues, and the impact is expected to continue during the current consolidated fiscal year.」
Uncertainty over the scale and timing of the end of the impact of COVID-19 continued, and the impact was expected to continue during the current consolidated fiscal year. - FY2023-Q1RestatedAnnual report
「The scale and timing of the end of the impact of the spread of COVID-19 cannot be forecast, and uncertainty over the outlook continues. The impact is expected to continue during the current consolidated fiscal year.」
The Company stated that uncertainty over the scale and timing of the end of the impact of COVID-19 on corporate activity and personal consumption would continue. - FY2022-Q3WorsenedAnnual report
「Although the number of new COVID-19 cases in Japan had been trending downward from the peak of the fifth wave, the spread of the Omicron variant, which was characterized by an extremely rapid increase in new cases, has left the scale and timing of the end of the impact on corporate activity and personal consumption uncertain. It is currently difficult to estimate how long an economic recovery will take, and the impact is expected to continue during the current consolidated fiscal year.」
Risk perception deteriorated from a trend of declining new cases after the fifth wave to a rapid increase due to the spread of the Omicron variant and uncertainty over the impact on corporate activity and personal consumption. - FY2022-Q2RestatedAnnual report
「Although the number of new COVID-19 cases in Japan has been trending downward from the peak of the fifth wave, the scale and timing of the end of the impact on corporate activity and personal consumption remain uncertain, and it is currently difficult to estimate how long an economic recovery will take. The impact is expected to continue during the current consolidated fiscal year.」
While the number of new cases has been trending downward since the peak, uncertainty over the impact on corporate activity and personal consumption and the timing of its end has continued. - FY2022-Q1RestatedAnnual report
「The scale and timing of the end of the impact of the spread of COVID-19 on corporate activity and personal consumption remain uncertain, and it is currently difficult to estimate how long an economic recovery will take. The impact is expected to continue during the current consolidated fiscal year.」
The scale and timing of the end of the impact of COVID-19 on corporate activity and personal consumption remain uncertain, and the Company stated that the impact would continue during the current consolidated fiscal year. - FY2021-Q3RestatedAnnual report
「Regarding the impact of the spread of COVID-19, revenue and profit increased during the cumulative consolidated third quarter, but the tendency to refrain from purchases has strengthened since August. The Company will continue to monitor the situation and respond promptly.」
While revenue and profit increased, the tendency to refrain from purchases since August continued to be described as a risk related to COVID-19. - FY2021-Q2WorsenedAnnual report
「Regarding the impact of the spread of COVID-19, revenue and profit increased during the cumulative consolidated second quarter, but the tendency to refrain from purchases has strengthened since August. The Company will continue to monitor the situation while implementing various measures in rapid succession and responding promptly.」
The Company stated that higher revenue and profit resulted from stay-at-home demand, while the tendency to refrain from purchases strengthened from August onward, specifying the demand risk posed by COVID-19. - FY2021-Q1MaterialisedAnnual report
「Regarding the impact of the spread of COVID-19, revenue and profit increased during the cumulative consolidated first quarter due to growth in stay-at-home demand. However, concerns about consumers refraining from purchases because of uncertainty over the outlook remain, and the Company believes it is necessary to continue monitoring the situation closely.」
Changes in demand caused by COVID-19 had actually occurred, and growth in stay-at-home demand contributed to higher revenue and profit, while concerns that consumers would refrain from purchases going forward continued to be indicated. - FY2020First statedAnnual report
「Regarding COVID-19, the Group places the safety of customers, business partners and employees first. In principle, travel to areas with a high risk of infection is prohibited, and measures to prevent infection are being implemented, including the cancellation of factory tours and sales events, prohibiting gatherings and meetings attended by large numbers of people in one place, and teleworking. While continuing business operations and working to fulfill its responsibility to supply products as far as possible after thoroughly implementing infection-prevention measures, the Group may be affected in terms of its operating results and financial position if the situation becomes prolonged or more serious, the economy deteriorates, and consumption declines further.」
The global spread of COVID-19 was first specifically described as an independent risk, with the potential impact of an economic downturn and weaker consumption if the situation became prolonged or more serious.