Impact of COVID-19 on the Economic and Retail Environment
First written in FY2020. 8 of 17 entries say "Softened", first in FY2023-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2026SoftenedAnnual report
「The spread of a global infectious disease has a significant impact on the global economy and reduces corporate economic activity. In such a case, it could also have a significant impact on the company's performance.」
The risk description has been generalized from specific impacts of COVID-19 to the potential impact of a global infectious disease in general. - FY2025-Q1SoftenedAnnual report
「After overcoming the COVID-19 crisis, positive developments were seen in the social economy, including unprecedentedly high wage increases and corporate appetite for investment.」
The wording has shifted from emphasizing direct restrictions on economic activity caused by COVID-19 to recognizing that the crisis had been overcome and indicating positive developments in the social economy. - FY2024SoftenedAnnual report
「During the fiscal year, Japan's economy moved toward a gradual recovery led by domestic demand as economic activity normalized following the reclassification of COVID-19 as a Category 5 infectious disease. However, the outlook remained uncertain because of the prolonged issues in Ukraine and Palestine, China's economic slowdown and global monetary tightening.」
The description has shifted from emphasizing direct restrictions on economic activity caused by the infection to indicating the reclassification as a Category 5 infectious disease and the normalization and recovery of economic activity. Geopolitical and downside risks to the economy continue. - FY2024-Q3SoftenedAnnual report
「As COVID-19 subsided, the economy gradually recovered, led by domestic demand.」
The description has shifted from emphasizing direct restrictions on economic activity caused by COVID-19 to indicating an economic recovery led by domestic demand as the crisis subsided. - FY2024-Q2SoftenedAnnual report
「Although the economy recovered to pre-COVID crisis levels as the COVID-19 pandemic subsided, the outlook is expected to remain uncertain due to the prolonged situation in Ukraine, China's economic slowdown, a weaker yen and stronger dollar, and soaring prices.」
The description has shifted from indicating the direct adverse impact of the infection on economic activity to indicating that the coronavirus crisis had subsided and activity was recovering to pre-crisis levels. - FY2024-Q1SoftenedAnnual report
「As the COVID-19 crisis subsided, economic activity showed signs of a gradual recovery.」
The description has shifted from emphasizing the direct adverse impact of the infection on economic activity to indicating that the COVID-19 crisis had subsided and economic activity was recovering. - FY2023SoftenedAnnual report
「The spread of a global infectious disease has a significant impact on the global economy and reduces corporate economic activity. In such a case, it could also have a significant impact on the company's performance.」
The risk description has been generalized from specific restrictions on economic activity caused by COVID-19 to the potential impact of a global infectious disease in general. - FY2023-Q1SoftenedAnnual report
「Although countries around the world have chosen to coexist with COVID-19 and a recovery is expected as restrictions are eased, the outlook is expected to remain uncertain due to Russia's invasion of Ukraine.」
The wording has shifted from directly emphasizing restrictions on economic activity caused by the infection to expressing expectations for a recovery through coexistence with the virus and regulatory easing. However, uncertainty about the outlook continues. - FY2022RestatedAnnual report
「During the fiscal year, Japan's economy suffered devastating damage in some industries and business formats as the impact of the global spread of COVID-19 was prolonged. International conditions became increasingly unstable because of rising geopolitical risk, and the outlook remained uncertain.」
The company states that the impact of prolonged COVID-19 on economic activity and uncertainty caused by geopolitical risk continued. - FY2022-Q3WorsenedAnnual report
「Although the number of new infections had been trending downward because of vaccinations, the highly transmissible Omicron variant spread worldwide, and the outlook remains more difficult than ever.」
While indicating a downward trend in new infections as a result of vaccinations, the company describes the outlook for infection risk as more difficult than ever because of the global spread of the highly transmissible Omicron variant. - FY2022-Q2ReframedAnnual report
「Although vaccinations have raised expectations for a recovery, the outlook remains uncertain because of highly transmissible variants and other factors.」
The description of infection risk has shifted to one that indicates expectations for a recovery from vaccinations while recognizing that uncertainty caused by highly transmissible variants and other factors continues. - FY2022-Q1WorsenedAnnual report
「In the retail industry, a third state of emergency was declared in response to COVID-19, and the difficult operating environment continues because of the prolonged stagnation in personal consumption.」
The company states that, with respect to infection risk, the third state of emergency and the prolonged stagnation in personal consumption continued to affect the retail environment. - FY2021MaterialisedAnnual report
「During the fiscal year, Japan's economy was subject to significant restrictions on economic activity because of the global spread of COVID-19, and some industries and business formats suffered devastating damage.」
Restrictions on economic activity caused by COVID-19 and the severe impact on industries and business formats continued to appear in the actual economic environment. - FY2021-Q3RestatedAnnual report
「Revenue was slightly higher than in the same period of the previous year. Fashion, the company's main merchandise category, was weak because of COVID-19 and other factors, but tools, media and brands performed well.」
While the impact of the infection continued to appear as weakness in fashion, the main merchandise category, tools, media and brands performed well. - FY2021-Q2MaterialisedAnnual report
「Revenue was slightly higher than in the same period of the previous year. Fashion, the company's main merchandise category, was weak because of COVID-19 and other factors, but tools, media and precious metals performed well.」
While the impact of the infection appeared in actual sales trends as weakness in fashion, the main merchandise category, tools, media and precious metals performed well. - FY2021-Q1MaterialisedAnnual report
「Revenue fell below the same period of the previous year because some stores shortened their operating hours or temporarily closed.」
Stores actually shortened their operating hours or temporarily closed because of COVID-19, with the impact appearing as revenue falling below the same period of the previous year. - FY2020First statedAnnual report
「COVID-19 has taken on the character of a pandemic, and the global and Japanese economies are heading toward a sharp downturn.」
The spread of COVID-19 is explicitly identified as a new risk that could affect the global economy, the Japanese economy and the company's performance.