Restrictions on economic activity and uncertainty over business performance due to the spread of COVID-19
First written in FY2020-Q2. 3 of 11 entries say "Mitigated", first in FY2022-Q2. Latest entry: FY2023.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2023DroppedAnnual report
「During the current consolidated fiscal year, the Japanese economy remained on a gradual recovery trend.」
The description of the economic environment for the fiscal year contains no direct reference to COVID-19 and does not identify constraints on economic activity caused by the pandemic as a standalone risk. - FY2023-Q1MitigatedAnnual report
「Restrictions on social and economic activity resulting from COVID-19 are gradually being eased, and expectations of a full-fledged economic recovery are growing.」
Although the impact of COVID-19 continues, the filing points to the easing of restrictions on social and economic activity and expectations of a full-fledged economic recovery, softening the description from the previously difficult conditions. - FY2022MitigatedAnnual report
「During the current consolidated fiscal year, although the impact of COVID-19 continued for an extended period, restrictions on social and economic activity were gradually eased and a full-fledged economic recovery was anticipated in Japan.」
Although the impact of COVID-19 has continued for an extended period, the filing points to the easing of restrictions on social and economic activity and expectations of a full-fledged economic recovery, representing a partial easing from the difficult conditions in the previous fiscal year. - FY2022-Q3Recovery signs and the risk of a resurgence in infections are presented together.Annual report
「During the 3rd quarter of the fiscal year under review, as the impact of COVID-19 continued for an extended period, restrictions on socioeconomic activity were gradually eased due to the spread of vaccinations and infection-control measures, and signs of recovery emerged. However, the outlook remained unclear due to the resurgence of infections caused by variants, surging resource prices resulting from the prolonged situation in Ukraine, and volatility in financial and capital markets.」
The filing indicates that restrictions on social and economic activity have been eased and signs of recovery have emerged, representing a partial improvement from the difficult conditions in the previous quarter, while continuing to identify the prolonged pandemic and resurgent infections caused by variants as factors of uncertainty. - FY2022-Q2MitigatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, although the spread of COVID-19 had not yet subsided in Japan, signs of an economic recovery were strengthening as restrictions on activities were lifted and measures to strengthen systems in response to the pandemic were advanced.」
The filing states that, although the spread of COVID-19 had not subsided, signs of an economic recovery had strengthened following the lifting of restrictions on activities and other measures, representing a partial easing from the difficult conditions described in the previous quarter. - FY2022-Q1RestatedAnnual report
「During the 1st quarter of the fiscal year under review, Japan's economy remained in a difficult situation due to the spread of COVID-19.」
The difficult economic environment caused by the spread of COVID-19 continues. In contrast to the previous quarter's references to a resurgence and a declaration of a state of emergency, the current quarter describes conditions as "still difficult." quantified is false and materialized is true. - FY2021-Q3WorsenedAnnual report
「During the 3rd quarter of the fiscal year under review, Japan's economy remained in a difficult situation, including the issuance of a 3rd state of emergency declaration following the resurgence of COVID-19 infections.」
Against a backdrop of a resurgence in infections and the third declaration of a state of emergency, the filing states that the impact of COVID-19 on economic activity is continuing. - FY2021-Q2WorsenedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, the Japanese economy remained sluggish for an extended period due to the impact of COVID-19.」
The filing states that the slowdown in economic activity caused by COVID-19 has persisted for an extended period, indicating that the effects of the pandemic are continuing and becoming prolonged. - FY2020MaterialisedAnnual report
「If economic conditions deteriorate as a result of the spread or prolonged duration of COVID-19, real estate market conditions may weaken, affecting the performance of the Group. If the Company's officers or employees become infected, business operations may also be disrupted, which could affect performance.」
COVID-19 is identified as a standalone material risk, with the potential effects of weak market conditions resulting from a wider or prolonged outbreak and disruption to business operations explicitly stated. - FY2020-Q3MaterialisedAnnual report
「During the 3rd quarter of the fiscal year under review, Japan's economy stagnated significantly due to the impact of COVID-19. Economic activity has gradually resumed following the lifting of the state of emergency and travel restrictions imposed by individual prefectures, but concerns over a resurgence of infections make the outlook difficult to assess.」
The filing states that a slowdown in economic activity caused by COVID-19 has actually occurred. Although economic activity has gradually resumed, the outlook remains difficult to assess because of concerns about a resurgence in infections. - FY2020-Q2First statedAnnual report
「Economic activity has been restricted by the spread of the novel coronavirus (COVID-19), leaving the outlook uncertain.」
The company first identified the spread of COVID-19 and restrictions on economic activity as specific external factors in this filing. It stated that no specific impact on performance could be estimated at that time and expected the impact on rent collection and other matters to be limited because most properties managed by the operations and management business are residential.