Impact of COVID-19 on Economic and Business Activity
First written in FY2020. 6 of 16 entries say "Worsened", first in FY2021-Q2. Latest entry: FY2024.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024DroppedAnnual report
「Conditions continued to require close attention to rising import-related costs due to the weaker yen and heightened geopolitical risks in Eastern Europe and the Middle East.」
In the description of the business environment and major risks for the fiscal year, the impact of COVID-19 on economic and business activity was no longer presented as a standalone risk, and the focus of the external environment shifted to import costs and geopolitical risks. - FY2024-Q2SoftenedAnnual report
「In May, COVID-19 was reclassified as a Class 5 infectious disease, the improvement in consumer sentiment became clear, personal consumption and corporate business sentiment also recovered, and the economy continued its gradual recovery.」
Following the reclassification of COVID-19 as a Class 5 disease, personal consumption and business sentiment were said to have recovered, and the wording regarding the downside risk to the economy from COVID-19 was further toned down. - FY2024-Q1SoftenedAnnual report
「In April, with COVID-19 reclassified as a Class 5 infectious disease, the improvement in consumer sentiment became clear, personal consumption and corporate business sentiment also recovered, and the economy continued its gradual recovery.」
The report describes a recovery in economic activity and consumer sentiment against a backdrop of COVID-19 being reclassified as a Class 5 disease and the phased lifting of restrictions on activities. - FY2023SoftenedAnnual report
「Although the impact of COVID-19 was prolonged during the fiscal year, the economy as a whole continued to recover gradually, due to the effects of the government's substantial easing of restrictions on activities and its economic measures.」
While stating that the impact of COVID-19 had been prolonged, the report described a gradual economic recovery resulting from the easing of restrictions on activities and economic measures. - FY2023-Q3SoftenedAnnual report
「During the first 9 months of the fiscal year under review, although the impact of COVID-19 was prolonged, economic activity fully resumed due to the effects of substantially relaxed restrictions on activities and the government's economic measures, and the economy as a whole continued to recover gradually.」
While stating that the impact of COVID-19 had been prolonged, the report described an economic recovery resulting from the substantial easing of restrictions on activities and the full resumption of economic activity. - FY2023-Q2WorsenedAnnual report
「Meanwhile, conditions continued to require close attention due to risks that the surge in COVID-19 cases caused by the seventh wave and rising domestic consumer prices accompanying the weaker yen and higher resource prices could weigh on consumption, as well as risks that they could squeeze the profits of import-dependent companies.」
Although the economy showed signs of recovery following the easing of restrictions on activities, the sharp increase in infections during the seventh wave emerged as a factor weighing on consumption, and the infection risk again became more concrete. - FY2023-Q1SoftenedAnnual report
「During the first 3 months of the fiscal year under review, the impact of COVID-19 eased nationwide and personal consumption began to recover, partly because the government relaxed restrictions on activities. However, conditions continued to require close attention to downside risks arising from higher domestic consumer prices and developments in overseas markets.」
As the impact of COVID-19 eased and personal consumption recovered against a backdrop of relaxed restrictions on activities, the wording regarding infection risk was toned down. Downside risks from higher prices and overseas markets remained, however. - FY2022WorsenedAnnual report
「The Japanese economy during the fiscal year was severely affected by successive waves of COVID-19, including the fifth wave in the summer and the sixth wave, which raged from January to March. Although employment conditions and personal consumption recovered temporarily when COVID-19 subsided toward the end of 2021, the economy as a whole remained stalled for an extended period.」
Following the fifth wave, a sixth wave occurred, and the infection risk continued and intensified as the recovery of the economy and personal consumption remained stalled for an extended period. - FY2022-Q3SoftenedAnnual report
「During the first 9 months of the fiscal year under review, the Japanese economy was severely affected by successive waves of COVID-19, particularly the so-called fifth wave. From October onward, personal consumption showed signs of a gradual recovery, partly because COVID-19 temporarily subsided and vaccinations progressed.」
Although the fifth wave had a severe impact, personal consumption showed signs of recovery from October onward against a backdrop of a temporary easing in infections and progress in vaccinations. - FY2022-Q2WorsenedAnnual report
「During the first six months of the fiscal year under review, Japan's economy remained in difficult conditions, particularly in areas related to personal consumption, as the serious nationwide spread of COVID-19 led to the implementation of expanded measures to prevent the spread of the disease, including states of emergency, even as the Olympic and Paralympic Games were held.」
A difficult economic environment centred on personal consumption continued amid the serious nationwide spread of COVID-19 and measures to prevent its spread. - FY2022-Q1RestatedAnnual report
「The Company Group has also been affected by the spread of COVID-19. In response to the prefecture's request for businesses to suspend operations, the Santomoon Kakita River shopping complex was, in principle, closed throughout from 25 April to 6 May, except for certain tenants selling essential goods and other products. The closure period for some tenants was extended until after mid-May.」
The impact of COVID-19 continued, reflected in business results through the prolonged state of emergency and measures to prevent the spread of infection, as well as weak market conditions by business category. - FY2021WorsenedAnnual report
「Economic conditions are deteriorating due to the impact of COVID-19, and difficult conditions are expected to continue for the time being. If the stagnation of the domestic and overseas economies is prolonged by the impact of COVID-19, the performance and other results of the Company Group could be adversely affected.」
The impact of COVID-19 continued as a major risk involving prolonged economic stagnation and difficult conditions for the time being, rather than merely a temporary business impact. - FY2021-Q3WorsenedAnnual report
「The outlook remains uncertain, as the continuing heavy impact of COVID-19 on the future economic recovery is expected to persist, with infections surging during the third wave and a state of emergency declared in January 2021.」
The surge in infections during the third wave of COVID-19 and the state of emergency declared in January 2021 heightened the impact on the economic recovery and uncertainty about the outlook. - FY2021-Q2WorsenedAnnual report
「During the first 6 months of the fiscal year under review, the Japanese economy recorded an annualised quarter-on-quarter GDP decline of 28% in the April-June quarter (revised figure), a drop exceeding that during the Lehman shock. Although the economy is certain to show quarter-on-quarter growth in the July-September quarter as a result of measures to rebuild the economy, the recovery is expected to remain at approximately half the decline in the April-June quarter, partly due to the impact of the second wave of COVID-19.」
The impact of COVID-19 was reflected in a sharp economic contraction, with annualised GDP declining 28%, and the outlook also stated that the recovery could be prolonged by a second or third wave and stagnation in overseas economies. - FY2021-Q1MaterialisedAnnual report
「The Company Group has also been affected by the spread of COVID-19. In response to the prefecture's request for businesses to suspend operations, the Santomoon Kakita River shopping complex was, in principle, closed throughout from 25 April to 6 May, except for certain tenants selling essential goods and other products. The closure period for some tenants was extended until after mid-May.」
The impact of COVID-19 materialised in the full or partial closure of commercial facilities and extensions of partial closures, stagnation in sales operations for general bedding and apparel, and deteriorating results. - FY2020First statedAnnual report
「Economic conditions are deteriorating rapidly due to the impact of COVID-19, and extremely difficult conditions are expected to continue for the time being. If the stagnation of the domestic and overseas economies is prolonged by the impact of COVID-19, the performance and other results of the Company Group could be adversely affected.」
COVID-19 was identified explicitly as a standalone major risk for the first time. Its effects, including downward pressure on the domestic economy, partial closures of commercial facilities, lower demand from business partners and weak sales of spring apparel, were reflected in results for the fiscal year.