Impact of the Spread of COVID-19 on Business Activities
First written in FY2020. 5 of 13 entries say "Mitigated", first in FY2023-Q1. Latest entry: FY2024-Q3.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024-Q3MitigatedAnnual report
「During the nine months ended 31 December 2023, the Japanese economy recovered moderately as the normalization of economic activity advanced following the reclassification of COVID-19 as a Class 5 infectious disease.」
The normalization of economic activity advanced following the reclassification of COVID-19 as a Class 5 infectious disease, and the impact of the pandemic on the business environment is easing. - FY2024-Q2MitigatedAnnual report
「The economy remained firm as the reclassification of COVID-19 as a Class 5 infectious disease and the easing of supply constraints supported a recovery in manufacturing activity and an increase in inbound demand.」
The Company disclosed a recovery in production activity and an increase in inbound demand following the reclassification of COVID-19 as a Class 5 infectious disease and the easing of supply constraints, indicating that the business impact of the pandemic is easing. - FY2024-Q1MitigatedAnnual report
「During the first three months of the fiscal year ending March 2024, from 1 April 2023 to 30 June 2023, the Japanese economy remained on a moderate recovery trend as the lifting of restrictions on activities related to COVID-19 advanced the normalization of socioeconomic activity.」
The Company stated that restrictions on activities related to COVID-19 had been lifted and that the normalization of socioeconomic activity had advanced. - FY2023-Q3RestatedAnnual report
「During the first 3 quarters of the fiscal year from 1 April 2022 to 31 December 2022, Japan's economy recovered moderately as restrictions on activity were eased under the "with COVID-19" environment. However, it did not achieve a full economic recovery due to the impact of higher costs caused by surging resource prices and yen depreciation, as well as shortages of some semiconductors, electronic components and other supplies.」
While the economic impact of COVID-19 has been easing as restrictions on activities are relaxed, the Company has continued to state that the economy has not achieved a full-fledged recovery. - FY2023-Q2MitigatedAnnual report
「During the six months ended 30 September 2022, the Japanese economy showed signs of recovery as the impact and restrictions associated with the spread of COVID-19 gradually eased and socioeconomic activity moved toward normalization.」
The Company stated that the impact and restrictions associated with COVID-19 were gradually easing and that socioeconomic activity was moving toward normalization. - FY2023-Q1MitigatedAnnual report
「During the first three months of the fiscal year ending March 2023, from 1 April 2022 to 30 June 2022, the Japanese economy showed signs of recovery as the impact of COVID-19 gradually eased and socioeconomic activity moved toward normalization.」
The Company stated that the economic impact of COVID-19 was gradually easing and that socioeconomic activity was moving toward normalization. - FY2022RestatedAnnual report
「The COVID-19 pandemic has caused lower orders due to the economic downturn and stagnation in domestic and overseas sales amid various voluntary restraints and restrictions, and its impact on our Group's business operations and operating results has become apparent.」
The Company has continued to state that the impact of lower orders and stagnant sales resulting from the pandemic has become apparent, and that the future impact remains uncertain. - FY2022-Q3Recovery trend, but impact continues and concerns over variants remainAnnual report
「While the economy was on a recovery trend as the number of infections declined after the midpoint of the fiscal year and the state of emergency and other measures were lifted, the economy did not achieve a full-fledged recovery due to the impact of higher costs resulting from soaring prices for raw materials and fuel and reduced automobile production resulting from semiconductor shortages, amid the significant impact of the novel coronavirus as infections spread in the fourth and fifth waves. At year-end, concerns emerged over the spread of infections caused by Omicron, a new variant of the novel coronavirus.」
The economy moved toward recovery as the number of infections declined and the state of emergency was lifted, but the impact on the business environment continued, and concerns remained over the spread of the Omicron variant. - FY2022-Q2Infections subsided, but the impact continuedAnnual report
「While the company was heavily affected by the novel coronavirus as infections spread in the 4th and 5th waves, the number of infections began to decline due in part to the rising vaccination rate from the middle of the period. The state of emergency and priority preventive measures issued in 27 prefectures nationwide were all lifted at the end of September, but the economy did not recover.」
Although the number of infections declined and the state of emergency and other measures were lifted, the economy did not recover, and the impact of the novel coronavirus continued. - FY2022-Q1RestatedAnnual report
「During the first 3 months of the fiscal year, Japan's economy remained in a severe condition as the impact of the novel coronavirus persisted due to delays in the rollout of vaccinations and rising infections caused by variants.」
The Company has continued to state that the impact of the novel coronavirus remains significant and that economic conditions remained severe. - FY2021-Q3RestatedAnnual report
「The global resurgence of novel coronavirus infections subsequently occurred, and economic conditions remained severe.」
The global resurgence of infections and severe economic conditions have continued. - FY2021-Q1MaterialisedAnnual report
「As the spread of the novel coronavirus led to the issuance of a state of emergency, economic and social activity stagnated amid various voluntary restraints and restrictions, and economic conditions remained unprecedentedly severe.」
The stagnation of economic and social activity resulting from the spread of the novel coronavirus became a reality, and impacts including lower orders, lower sales and hotel closures were disclosed across the segments. - FY2020First statedAnnual report
「The spread of COVID-19 was expected to reduce orders as a result of an economic downturn, affect production due to disruptions to supply chains and logistics in the apparel, automotive and other industries, and cause stagnation in sales and deliveries in Japan and overseas due to various voluntary restrictions and other limitations. Depending on the magnitude of these specific impacts, the Group's business development and operating performance could be materially affected.」
The spread of the novel coronavirus was first disclosed as a standalone major risk. At the hotels, declines in the number of banquets and guests from February were specifically disclosed.