Risks to the Japanese and global economies from the spread of COVID-19
First written in FY2020-Q1. 4 of 13 entries say "Restated". Latest entry: FY2025.
Generation Pass moved to the "Worse" side of this theme in 2021, 1 year after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 112 of 175 companies on the "Worse" side.
55 other companies' latest entry also says "Dropped".
- FY2025DroppedAnnual report
「During the current consolidated fiscal year, the domestic economy recovered moderately against a backdrop of improving employment and income conditions owing to wage increases, including increases in the minimum wage, as well as a recovery in personal consumption and inbound demand.」
The description of the operating environment for the current fiscal year no longer mentions the economic impact of COVID-19 and has shifted to wage increases, personal consumption, and the recovery in inbound demand. - FY2023-Q3SoftenedAnnual report
「During the first nine months of the current fiscal year, the Japanese economy was gradually normalizing, particularly in consumer-facing services, following the reclassification of COVID-19 as a Class 5 infectious disease. Personal consumption showed signs of recovery, and the domestic economy showed signs of a gradual recovery.」
Following the reclassification of COVID-19 as a Class 5 infectious disease, the disclosure described the normalization of service activity, the recovery in personal consumption, and a recovery in the domestic economy, further weakening its assessment of the impact. - FY2023-Q2SoftenedAnnual report
「During the first six months of the current fiscal year, the Japanese economy continued to be affected by COVID-19, but restrictions on activities aimed at preventing the spread of infection were eased, economic activity began to resume toward normalization, personal consumption showed signs of recovery, and the economy also showed signs of recovery.」
While stating that the impact of COVID-19 remained, the disclosure described the easing of activity restrictions, the resumption of economic activity, and signs of recovery in personal consumption and the economy, further softening its assessment of the impact. - FY2022-Q3SoftenedAnnual report
「Although the impact of COVID-19 continued, economic activity gradually resumed, personal consumption showed signs of recovery, and the economy also showed signs of recovery.」
While the impact of COVID-19 continued, the disclosure described the resumption of economic activity, signs of a recovery in personal consumption, and an economic recovery, softening the previous concerns about declining and prolonged economic activity. - FY2022-Q2RestatedAnnual report
「During the first six months of the current fiscal year, the Japanese economy showed signs of a gradual recovery as economic activity gradually resumed following the promotion of vaccinations, a decline in infections due to thorough preventive measures, and the lifting of priority preventive measures.」
Although the prolonged spread of COVID-19 continued, the disclosure states that economic activity gradually resumed and the economy showed signs of recovery as a result of vaccinations, infection-prevention measures, and the lifting of priority preventive measures. - FY2022-Q1RestatedAnnual report
「While economic stagnation continued because of the impact of COVID-19, vaccinations progressed and signs of a recovery in economic activity emerged in some areas. However, the renewed spread of infections from new COVID-19 variants has left the outlook uncertain.」
The disclosure refers to a partial recovery driven by vaccinations, while reaffirming the view that economic stagnation and uncertainty about the outlook will continue because of the renewed spread of new variants. - FY2021MaterialisedAnnual report
「On the profit side, in addition to the decline from the previous year's profit generated by large orders for medical consumables such as masks, the product planning-related business was substantially affected by the global spread of COVID-19 at Genepa Vietnam Co.,Ltd., where production fell sharply because of restrictions on factory operations and deliveries could not be made because partner factories ceased operations. As a result, performance remained well below the year-earlier level.」
The impact of COVID-19 materialized in the form of operating restrictions at the Vietnam factory, shutdowns at partner factories, and inability to make deliveries, weighing on the performance of the product planning-related business. - FY2021-Q2RestatedAnnual report
「During the first six months of the current fiscal year, the Japanese economy faced concerns that the expansion of COVID-19 and the reissuance of a state of emergency would prolong declines in economic activity and corporate earnings. Although vaccination against COVID-19 was expected to accelerate, the outlook remained uncertain.」
Concerns about the impact of the spread of COVID-19 and the reissuance of a state of emergency on economic activity and corporate earnings continued. The disclosure also refers to expectations for vaccinations, while maintaining the view that the outlook remains uncertain. - FY2021-Q1WorsenedAnnual report
「During the three-month period ended the first quarter, the global spread of COVID-19 continued, and after the beginning of 2021, infections began spreading again in Japan, prompting the reissuance of a state of emergency and leaving the economic outlook uncertain.」
As the global spread of COVID-19 continued, the infection expanded again domestically and a state of emergency was declared again, heightening the risk of an impact on economic activity. - FY2020SoftenedAnnual report
「At present, COVID-19 does not have a material impact on the business or performance of the Company group, but many uncertainties remain regarding when the situation will be brought under control and other factors, so the Company will continue to monitor developments.」
While continuing to disclose the possibility of an impact from the infection, the description has changed to state that there is currently no material impact on the business or performance and that the impact is limited. - FY2020-Q3RestatedAnnual report
「The Company will continue to monitor the situation, as the spread of COVID-19 may affect its business performance and financial position.」
The disclosure states that the Company will continue to monitor the possibility of an impact on business performance and financial position from COVID-19. It also states that actual effects, including delivery delays, continue in the product planning-related business. - FY2020-Q2MaterialisedAnnual report
「In the Product Planning-Related Business, sales of the main products were sluggish because delivery schedules for furniture and bedding, the products handled by the main sales channel, were adjusted due to the impact of COVID-19,」
The disclosure states that COVID-19 had an actual business impact, including adjustments to delivery schedules for furniture and bedding and sluggish sales of core products, rather than remaining merely a concern about spillover effects. - FY2020-Q1First statedAnnual report
「In addition, as the spread of COVID-19 continues to expand globally, concerns have arisen that it will affect the Japanese economy and the global economy as a whole.」
The disclosure identifies concerns that the spread of COVID-19 will affect the Japanese and global economies as a new external risk.