Impact of the Spread of COVID-19 on Economic Activity, Housing Demand and Business Operations
First written in FY2021-Q1. 6 of 12 entries say "Worsened", first in FY2021-Q3. Latest entry: FY2024.
Ochi Holdings 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 2025: 3 of 11 companies on the "Worse" side.
8 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「As COVID-19 was reclassified to Category 5 and restrictions on domestic activities and entry from overseas were eased, among other measures, economic activity normalized and economic conditions remained on a moderate recovery trend.」
The company indicated that the impact of COVID-19 on economic activity had eased compared with previously following the reclassification of COVID-19 to Category 5 and the easing of restrictions on activities and entry from overseas. - FY2024-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], Japan’s economy gradually normalized as COVID-19 was reclassified to Category 5 and restrictions on domestic activities and entry from overseas were eased, among other measures, and economic conditions remained on a moderate recovery trend.」
The recognition that the normalization of economic activity progressed following the reclassification of COVID-19 to Category 5 and the easing of restrictions on activities and entry from overseas continues. - FY2024-Q1MitigatedAnnual report
「During the three-month period ended [the current first quarter], Japan’s economy gradually normalized as COVID-19 was reclassified to Category 5 and restrictions on domestic activities and entry from overseas were eased, among other measures, and economic conditions remained on a moderate recovery trend.」
The reclassification of COVID-19 to Category 5 and the easing of restrictions on activities and entry from overseas advanced the normalization of economic activity, easing the business environment risk from the spread of infection compared with the previous filing. - FY2023-Q3MitigatedAnnual report
「During the nine-month period ended [the current third quarter], while the impact of COVID-19 continued, Japan gradually shifted to living with COVID-19, and economic activity and economic conditions showed signs of recovery.」
Although the impact of COVID-19 continued, economic activity and economic conditions showed signs of recovery as Japan shifted to living with COVID-19, partially easing the deterioration seen through the previous quarter. - FY2023-Q2WorsenedAnnual report
「During the six-month period ended [the current second quarter], Japan’s economy was negatively affected by a sharp increase in COVID-19 cases from July 2022, which affected economic activity and economic conditions that had been recovering.」
The company stated that the sharp increase in cases from July 2022 actually had a negative impact on recovering economic activity and economic conditions, indicating that the impact of the infection-spread risk continued and intensified. - FY2023-Q1WorsenedAnnual report
「However, in addition to soaring energy and raw-material prices resulting from Russia's invasion of Ukraine and the rapid depreciation of the yen, the number of new COVID-19 cases has recently risen sharply, leaving the outlook for the economy still uncertain.」
Although the economy showed signs of recovery as restrictions on activities were eased, a sharp increase in new COVID-19 cases was explicitly identified, increasing uncertainty over the outlook due to the renewed spread of infections. - FY2022-Q3WorsenedAnnual report
「However, infections from new variants are currently spreading rapidly, while energy prices remain elevated and semiconductor shortages persist, leaving the outlook for the economy still uncertain.」
The rapid spread of a new COVID-19 variant was explicitly identified, increasing uncertainty over economic activity and business operations due to the renewed spread of infections. - FY2022-Q2WorsenedAnnual report
「Although vaccinations progressed in Japan and signs of an economic recovery emerged, including increased exports accompanying the recovery of overseas economies, the economic outlook remained extremely uncertain amid concern over the spread of new variants and declining consumer sentiment due to soaring energy prices.」
Although vaccinations and signs of an economic recovery were evident, concern over the spread of new variants continued, and uncertainty regarding the outlook related to COVID-19 persisted. - FY2022-Q1WorsenedAnnual report
「Although COVID-19 vaccinations began in Japan and signs of an economic recovery emerged, including increased exports accompanying the recovery of overseas economies, concern remained over the global spread of new variants, and the economic outlook continued to be extremely uncertain.」
Although vaccinations and signs of an economic recovery were evident, concern over the spread of new variants was explicitly identified, and uncertainty regarding the outlook related to COVID-19 continued. - FY2021-Q3WorsenedAnnual report
「Although domestic economic activity resumed after the government lifted its state of emergency declaration and signs of an economic recovery emerged, COVID-19 infections were spreading again, and the outlook remained uncertain.」
The renewed spread of infections was explicitly identified, and the impact on economic activity and housing demand continued. Risks continued to materialize through declines in new housing starts and lower sales and profit across multiple businesses. - FY2021-Q2MaterialisedAnnual report
「Due to the decline in new housing starts and postponement of renovation work resulting from deteriorating consumer sentiment, net sales in this business were ¥32,188 million, down 7.6% year on year, and operating profit was ¥474 million, down 30.5% year on year.」
The decline in housing starts, postponement of renovation work, cancellation of exhibitions, downturn in automotive-related sales and postponement of construction work associated with the spread of COVID-19 actually occurred as lower sales and profit across multiple businesses. - FY2021-Q1First statedAnnual report
「The spread of COVID-19 caused economic activity to slow substantially, and conditions remained extremely challenging. Although domestic economic activity resumed after the government lifted its state of emergency declaration and an economic recovery was expected, the outlook remained extremely uncertain.」
The stagnation of economic activity due to the spread of COVID-19, the decline in new housing starts, the cancellation of exhibitions, the postponement of renovation work, the downturn in automotive-related sales and the postponement of construction work were all reported during the quarter, and were disclosed for the first time as new company-wide business environment risks.