Deterioration in the business environment caused by COVID-19
First written in FY2021-Q1. 9 of 15 entries say "Restated". Latest entry: FY2024.
DCM Holdings moved to the "Worse" side of this theme in 2024, 4 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
27 other companies' latest entry also says "Reframed".
- FY2024Reframing from COVID-19 to general infectious disease risksAnnual report
「The spread of an infectious disease may cause disruptions in the supply of products, employees to contract the disease, and stores to shorten their operating hours or close temporarily.」
The description was reframed from a business environment centered on COVID-19 to risks from infectious diseases in general, including supply disruptions, employees contracting an illness, and temporary store closures. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter of the fiscal year, economic activity was normalizing following the lifting of COVID-19-related restrictions. However, the outlook remained uncertain due to surging energy and raw-material prices associated with the prolonged situation in Ukraine, as well as fluctuations in foreign exchange rates.」
The recognition that, while COVID-19-related restrictions on activities had been lifted and economic activity was returning to normal, uncertainty remained due to external factors unrelated to the pandemic was reconfirmed. - FY2024-Q1SoftenedAnnual report
「During the first quarter of the current fiscal year, the Japanese economy was moving toward normalization of economic activity as restrictions on activities attributable to COVID-19 were lifted, but uncertainty about the outlook persisted due to soaring energy and raw material prices resulting from the prolonged situation in Ukraine, as well as fluctuations in foreign exchange rates.」
The disclosure described the lifting of COVID-19-related restrictions on activities and the normalization of economic activity, representing a further easing from the previous recognition of a challenging environment centered on the spread of infections and restrictions on activities. At the same time, it stated that uncertainty about the outlook remained. - FY2023SoftenedAnnual report
「While restrictions on activities imposed because of COVID-19 were eased and economic activity gradually moved toward normalization」
The description changed from the previously challenging environment centered on restrictions on activities and the spread of infections to a situation in which restrictions were being eased and economic activity was returning to normal. However, it stated that uncertainty about the outlook remained. - FY2023-Q3RestatedAnnual report
「No new business or other risks arose during the first nine months of the current fiscal year. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year. The Company will continue to monitor the future situation regarding the impact of COVID-19 on its business.」
The position that there were no new risks or material changes to existing risks, and that the impact of COVID-19 on the business would continue to be monitored, was reconfirmed. - FY2023-Q2RestatedAnnual report
「No new business or other risks arose during the first half of the current fiscal year. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year. The Company will continue to monitor the future situation regarding the impact of COVID-19 on its business.」
The position that there were no new risks or material changes to existing risks, and that the impact of COVID-19 on the business would continue to be monitored, was reconfirmed. - FY2023-Q1RestatedAnnual report
「Regarding the impact of COVID-19 on our business, we will continue to closely monitor developments.」
The Company reconfirmed its position of continuing to monitor the impact of COVID-19, while stating that there were no new business or other risks and no material changes to matters disclosed in the previous fiscal year. - FY2022WorsenedAnnual report
「During the fiscal year under review, the Japanese economy showed signs of a gradual recovery in economic activity as COVID-19 vaccinations progressed, but the rapid spread of new variants meant that no end to the pandemic was in sight and challenging conditions continued.」
The disclosure indicated signs of recovery from vaccinations, while stating that challenging conditions continued because the rapid spread of new variants meant that no end to the pandemic was in sight. - FY2022-Q3RestatedAnnual report
「During the first nine months of the current fiscal year, the Japanese economy showed signs of a gradual recovery in economic activity due to the progress of COVID-19 vaccinations and the lifting of the state of emergency, but infections were spreading again in some overseas regions because of variants, and the situation in Japan remained unpredictable.」
While signs of recovery following progress in vaccinations and the lifting of the state of emergency were indicated, the continued uncertainty surrounding the pandemic, including the renewed spread of infections caused by variants overseas, was reconfirmed. - FY2022-Q2RestatedAnnual report
「During the first half of the current fiscal year, COVID-19 vaccinations became more widespread, but the Japanese economy remained in a challenging situation, with no end to the pandemic in sight, as a state of emergency was declared again in some regions.」
While vaccinations became more widespread, a state of emergency was declared again in some regions, and the challenging situation, with no end to the pandemic in sight, was reconfirmed. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, the Japanese economy remained in a challenging situation, although COVID-19 vaccinations had begun, as a state of emergency was declared again in April 2021.」
The recognition that, even after vaccinations began, a state of emergency was declared again and challenging business conditions caused by COVID-19 continued was reconfirmed. The disclosure stated that there had been no new risks or material changes relating to business and other risks. - FY2021RestatedAnnual report
「During the fiscal year under review, the Japanese economy remained in a challenging situation due to the impact of the spread of COVID-19, whose end was still not in sight, although various economic measures had been implemented.」
The recognition that the operating environment remained challenging, with no end to COVID-19 in sight and risks of an economic downturn and deterioration in personal income and employment, was reconfirmed. - FY2021-Q3RestatedAnnual report
「During the first nine months of the current fiscal year, the Japanese economy remained in a challenging situation, although various economic measures had been implemented following the lifting of the state of emergency related to COVID-19. In the retail industry, the outlook remained uncertain and the operating environment challenging, with risks including an economic downturn caused by COVID-19, whose end was still not in sight, and deterioration in personal income and employment.」
The explanation that challenging economic conditions continued after the state of emergency was lifted, with risks of an economic downturn and deterioration in personal income and employment due to the impact of COVID-19, was reconfirmed. - FY2021-Q2WorsenedAnnual report
「During the first half of the current fiscal year, the Japanese economy remained in an extremely challenging situation due to the impact of the COVID-19 pandemic, which was still spreading globally, although the Government's state of emergency had been lifted. In the retail industry, the outlook remained uncertain and the operating environment challenging, with risks including an economic downturn caused by COVID-19, whose end was still not in sight, and deterioration in personal income and employment.」
The continued impact of the pandemic, the fact that its end was still not in sight, economic downside risks, and risks of deterioration in personal income and employment were newly stated explicitly. - FY2021-Q1First statedAnnual report
「During the first quarter of the current fiscal year, the Japanese economy entered an extremely challenging situation due to the impact of the COVID-19 pandemic, which was spreading globally, although the Government's state of emergency had been lifted. In the retail industry, a decline in personal consumption was unavoidable because the Government and local authorities had requested people to refrain from nonessential, nonurgent outings and had requested businesses to suspend operations. The outlook remained uncertain, and the operating environment was challenging.」
The global spread of COVID-19 and the decline in personal consumption caused by requests to refrain from outings and suspend operations were described for the first time as challenging business conditions that actually occurred during the first quarter. The section on business and other risks stated that there were no new risks.