Business impact of the spread of COVID-19
First written in FY2020-Q3. 5 of 15 entries say "Worsened", first in FY2020. Latest entry: FY2025.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2025ReframedAnnual report
「If an infectious disease or epidemic such as COVID-19 spreads, this could lead to deterioration in business sentiment and the employment environment and have a material impact on the company’s operating results and financial position.」
The company has organized its disclosure as a general risk of the spread of infectious diseases and epidemics, rather than its previous explanation focused specifically on COVID-19. - FY2024-Q1SoftenedAnnual report
「During the cumulative first quarter, economic activity in Japan moved increasingly toward normalization as COVID-19 was reclassified as a Category V disease under the Infectious Diseases Control Law and restrictions on activity were lifted.」
The company describes the normalization of economic activity following the reclassification of COVID-19 as a Category V disease and the lifting of activity restrictions, further weakening its current risk assessment from the previous focus on the spread of infection and its impact on the business. - FY2023SoftenedAnnual report
「Regulations concerning COVID-19 have been abolished or relaxed in countries around the world, and Japan has reclassified it as a Category V disease. However, if COVID-19 spreads again, this could lead to deterioration in business sentiment and the employment environment」
The company describes the abolition and relaxation of restrictions and Japan’s reclassification of COVID-19 as a Category V disease, weakening its assessment of the current impact compared with previously, while leaving open the possibility of an impact on operating results and financial position if infections spread again. - FY2023-Q2RestatedAnnual report
「Based on these results, the company prepared its accounting estimates on the assumption that COVID-19 would not have a material impact on its business after the cumulative second quarter. However, if an unforeseen event such as another significant spread caused by a new variant occurs, it could have a material impact on the assumptions underlying the above estimates, as well as on the company’s financial position, operating results and cash flows.」
The company continues to assume that the impact during the current cumulative quarter was minor and that there will be no material impact going forward, while continuing to describe the possibility of an impact if infections spread again due to a new variant. - FY2023-Q1SoftenedAnnual report
「Based on these results, the company prepared its accounting estimates on the assumption that COVID-19 would not have a material impact on its business after the cumulative first quarter. However, if an unforeseen event such as another significant spread caused by a new variant occurs, it could have a material impact on the assumptions underlying the above estimates, as well as on the company’s financial position and operating results.」
The company assumed that the impact on results during the current quarter was minor and that there would be no material impact going forward, while leaving open the possibility of an impact if infections spread again due to a new variant. - FY2022RestatedAnnual report
「The prolonged spread of COVID-19 has also become a major risk for the company. If infections continue to spread and the pandemic lasts longer, this could lead to deterioration in business sentiment and the employment environment and have a material impact on the company’s operating results and financial position.」
The company continues to recognize the prolonged COVID-19 pandemic, deterioration in business conditions and the employment environment, business interruption and risks to life as risks. - FY2022-Q3RestatedAnnual report
「The impact of the infection on results during the cumulative third quarter was minor. Based on these results, the company prepared its accounting estimates on the assumption that COVID-19 would not have a material impact on its business after the cumulative third quarter. However, if an unforeseen event such as another significant spread caused by a new variant occurs, it could have a material impact on the assumptions underlying the above estimates, as well as on the company’s financial position and operating results.」
The company assumes that the impact of the novel coronavirus during the current cumulative quarter was minor and that it will not have a material impact going forward, while continuing to describe the possibility of an impact if infections spread again due to a new variant. - FY2022-Q2RestatedAnnual report
「The impact of the infection on results during the cumulative second quarter was minor. Based on these results, the company prepared its accounting estimates on the assumption that COVID-19 would not have a material impact on its business after the cumulative second quarter. However, if an unforeseen event such as another significant spread of COVID-19 occurs, it could have a material impact on the assumptions underlying the above estimates, as well as on the company’s financial position, operating results and cash flows.」
The company assumes that the impact of the novel coronavirus during the current cumulative quarter was minor and that it will not have a material impact going forward, while continuing to recognize the possibility of a material impact if infections spread again. - FY2022-Q1SoftenedAnnual report
「The impact of the infection on results during the cumulative first quarter was minor. Based on these results, the company prepared its accounting estimates on the assumption that COVID-19 would not have a material impact on its business after the cumulative first quarter. However, if an unforeseen event such as another significant spread of COVID-19 occurs, it could have a material impact on the assumptions underlying the above estimates, as well as on the company’s financial position and operating results.」
The company assumes that the impact of COVID-19 during the current quarter was minor and that it will not have a material impact going forward, while leaving open the possibility of an impact if infections spread again. - FY2021WorsenedAnnual report
「Demand for staying at home associated with lifestyle changes caused by the spread of the novel coronavirus continued to support the performance of retailers such as home-improvement centers. However, if infections continue to spread and the pandemic lasts longer, this could lead to deterioration in business sentiment and the employment environment and have a material impact on the company’s operating results and financial position. In addition, if employees or customers contract the novel coronavirus, this entails risks of business interruption and threats to life.」
The company continues to identify as key risks both the support provided by stay-at-home demand and the deterioration in business conditions and employment caused by a prolonged pandemic, as well as business interruption and risks to life. - FY2021-Q3WorsenedAnnual report
「During the cumulative first three quarters, the economic impact of the novel coronavirus, whose end remained out of sight, continued for an extended period. In January, a new state of emergency was declared, mainly in the Tokyo metropolitan area, including Tokyo and Kanagawa prefectures. Continued requests to refrain from going out and for restaurants to suspend operations caused personal consumption to stagnate, and the outlook for economic activity remains increasingly uncertain.」
The company describes the prolonged impact of the novel coronavirus, the re-declaration of a state of emergency in the Tokyo metropolitan area, restrictions on going out, weak personal consumption and an uncertain outlook. Additional information characterizes the impact on results during the current cumulative quarter as minor, while leaving open the possibility of a material impact if infections spread again or new variants expand. - FY2021-Q2WorsenedAnnual report
「However, with no end to the novel coronavirus in sight and the company’s stores concentrated in the Kanto region, there are many uncertainties regarding the scale and geographic spread of infections and the magnitude of the impact. These factors could have a material impact on the assumptions underlying the above estimates, as well as on the company’s financial position, operating results and cash flows.」
The company states that, with no end to the novel coronavirus in sight and its stores concentrated in the Kanto region, there is a possibility of a material impact on accounting estimates, its financial position, operating results and cash flows. - FY2021-Q1WorsenedAnnual report
「During the cumulative first quarter, Japan’s economy deteriorated sharply as the impact of the novel coronavirus continued with no end in sight. The pandemic also had a major impact on companies’ employment and operating environments, and severe, uncertain conditions continue.」
The company explains that the novel coronavirus has caused a sharp economic downturn with no end in sight, and that its impact on the employment and operating environments continues. - FY2020WorsenedAnnual report
「The spread of COVID-19 has become a major risk for the company. The greatest risk is the loss of life among employees, customers, and others. Although we believe the impact on the company will be extremely significant, it is currently impossible to estimate its scale or the amount of its impact on business performance.」
Expanded the previous quarter’s description of “beginning to have an impact” into a detailed assessment of the key risks, including harm to life and health, prolonged business closures, reputational damage, supply-chain disruption, and combinations with natural disasters. - FY2020-Q3MaterialisedAnnual report
「The spread of COVID-19 has begun to affect our business. We will continue to closely monitor developments.」
The company disclosed that the spread of COVID-19 had begun to have an impact. While demand for masks, disinfectants, paper products, and other items increased, sales at sports clubs declined as schools and events were voluntarily suspended.