Business Impact of the COVID-19 Pandemic
First written in FY2021. 7 of 10 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
38 other companies' latest entry also says "Dropped".
- FY2024DroppedAnnual reportCOVID-19 was not listed as a standalone risk in the fiscal 2024 “Business Risks” section.
- FY2023SoftenedAnnual report
「In the Japanese economy during the current consolidated fiscal year, inbound demand and services consumption showed signs of recovery as various restrictions related to COVID-19 were eased and the disease was reclassified as a Category V infectious disease, with socioeconomic activity gradually returning to normal.」
The description changed to state that socioeconomic activity was returning to normal following the easing of restrictions and reclassification as a Category V infectious disease. - FY2023-Q3RestatedAnnual report
「There have been no material changes to the assumptions described in the “Additional Information” section of the previous consolidated fiscal year's securities report, including assumptions concerning the future spread and eventual containment of COVID-19 and the impact of the Russia-Ukraine situation.」
The accounting estimates and assumptions concerning COVID-19 and the Russia-Ukraine situation remain materially unchanged. - FY2023-Q2RestatedAnnual report
「There have been no material changes to the assumptions described in the “Additional Information” section of the previous consolidated fiscal year's securities report, including assumptions concerning the future spread and eventual containment of COVID-19 and the impact of the Russia-Ukraine situation.」
The accounting estimates and assumptions concerning COVID-19 and the Russia-Ukraine situation remain materially unchanged. - FY2023-Q1RestatedAnnual report
「There have been no material changes to the assumptions described in the “Additional Information” section of the previous consolidated fiscal year's securities report, including assumptions concerning the spread and eventual containment of COVID-19 and the situation in Ukraine.」
The accounting estimates and assumptions concerning COVID-19 and the situation in Ukraine remain materially unchanged. - FY2022RestatedAnnual report
「Although it remains difficult to forecast the spread and eventual containment of COVID-19, Russia's military invasion of Ukraine and related sanctions on the Russian economy, the impact on the financial condition and operating results for the current consolidated fiscal year was immaterial, and we determined that these matters would not materially affect accounting estimates in the following consolidated fiscal year.」
The impact of COVID-19 was deemed immaterial, while the potential for worsening conditions related to the pandemic and the situation in Ukraine continues to be disclosed. - FY2022-Q3RestatedAnnual report
「There have been no material changes to the assumptions described in the “Additional Information” section of the previous consolidated fiscal year's securities report, including assumptions regarding the future spread and eventual containment of COVID-19.」
The accounting assumptions concerning COVID-19 remain materially unchanged. - FY2022-Q2RestatedAnnual report
「There have been no material changes to the assumptions described in the “Additional Information” section of the previous consolidated fiscal year's securities report, including assumptions regarding the future spread and eventual containment of COVID-19.」
Accounting assumptions concerning COVID-19 remain materially unchanged, and the previous assessment continues. - FY2022-Q1RestatedAnnual report
「There have been no material changes to the assumptions described in the “Additional Information” section of the previous consolidated fiscal year's securities report, including assumptions regarding the future spread and eventual containment of COVID-19.」
Accounting assumptions concerning COVID-19 remain materially unchanged, and the previous assessment of its impact continues. - FY2021First statedAnnual report
「In response, our group is promoting flexible working arrangements through thorough hygiene management, staggered working hours and remote work. We are also promoting initiatives that provide customers with reassurance, such as holding seminars remotely and providing IT-based explanations of important matters, limiting the impact on our group's operating results and financial condition.」
The risk of prolonged infection affecting acquisition and sales activities and rental demand is identified, with remote work, remote seminars and IT-based explanations of important matters used as countermeasures.