Impact of COVID-19 on the Global Economy and Business Activities
First written in FY2020. 3 of 9 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2023-Q2.
Toray Industries moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
38 other companies' latest entry also says "Restated".
- FY2023-Q2RestatedAnnual report
「Clothing applications were affected by lockdowns in China, but sports and outdoor applications remained firm, and some regions showed signs of recovery from the COVID-19 pandemic.」
The impact of COVID-19 continued in the form of lockdowns in China, while recovery was seen in sports and outdoor applications and in some regions, with differences in impact by region and application continuing. - FY2023-Q1Continued impact of China’s lockdowns and recovery by regionAnnual report
「Clothing applications were affected by lockdowns in China, but sports and outdoor applications remained firm, and some regions showed signs of recovery from the COVID-19 pandemic.」
The impact of COVID-19 continued in the form of lockdowns in China, while recovery was seen in sports and outdoor applications and in some regions, resulting in differences by application and region. - FY2022-Q2Recovery by region amid ongoing impactsAnnual report
「During the cumulative second-quarter period, the global economy recovered sharply, supported by the continued recovery of the Chinese economy, a rebound from the downturn caused by COVID-19, the easing of restrictions as Europe and the United States led the vaccination rollout, and large-scale economic measures in the United States. In Japan, however, differences emerged among countries in containing COVID-19 and recovering their economies, reflecting the varying effectiveness of infection-control and economic measures, with a state of emergency reissued in 21 prefectures, including the Tokyo metropolitan area.」
While the impact of COVID-19 continued, the global economy recovered against a backdrop of vaccinations, the easing of restrictions and economic measures. Differences among countries and regions in containing infections and achieving economic recovery continued. - FY2022-Q1Economic recovery amid ongoing impactsAnnual report
「During the cumulative first-quarter period, the global economy recovered sharply, supported by the continued recovery of the Chinese economy, a rebound from the downturn caused by COVID-19, the easing of restrictions as Europe and the United States led the vaccination rollout, and large-scale economic measures in the United States. In Japan, however, differences emerged among countries in containing COVID-19 and recovering their economies as vaccination progress varied, with a state of emergency reissued, particularly in the Tokyo metropolitan area.」
While the impact of COVID-19 continued, the global economy began to recover against a backdrop of vaccinations and the easing of restrictions, with differences in recovery emerging by country and region. - FY2021RestatedAnnual report
「The spread of COVID-19 has been accompanied by restrictions on economic activity and changes in lifestyles and consumer behavior. Adapting to these changes in the business environment is an important challenge, but depending on the status of any resurgence of infections and when the pandemic subsides, and ultimately on the severity of the impact on the global economy and the markets supplied with products by the Group, the Group’s operating results and financial condition may be affected.」
COVID-19 continues to be described as an ongoing business risk involving restrictions on economic activity, changes in consumer behavior and a resurgence of infections. - FY2021-Q3MaterialisedAnnual report
「During the nine-month period ended 31 December, the spread of COVID-19 severely damaged the global economy. In addition to stagnation in production and consumer activity, supply chains were disrupted by restrictions on the international movement of people and goods, causing major disruption to domestic and overseas economies and a sharp downturn. From around July, the global economy began to recover as economic activity resumed in Europe and the United States, in addition to China, which had led the resumption of economic activity.」
The impact of COVID-19 continued into the third quarter in the form of a significant global economic contraction, stagnation in production and consumption, and supply-chain disruption. Meanwhile, economic activity resumed in China, Europe and the United States from around July, and the economy began to recover. - FY2021-Q2MaterialisedAnnual report
「During the cumulative second-quarter period, the spread of COVID-19 dealt a severe blow to the global economy. In addition to stagnation in production activity and consumer spending, restrictions on the international movement of people and goods disrupted supply chains, causing major disarray in domestic and overseas economies and a significant contraction. From around July, the global economy began to recover as economic activity resumed in Europe and the United States, following China, where the reopening had begun earlier.」
The impact of COVID-19 continued into the second quarter in the form of a significant global economic contraction, stagnation in production and consumption, and supply-chain disruption. Meanwhile, economic activity resumed in China, Europe and the United States from around July, with the economy beginning to recover. - FY2021-Q1MaterialisedAnnual report
「During the three-month period ended 30 June, the spread of COVID-19 severely damaged the global economy. In addition to stagnation in production and consumer activity, supply chains were disrupted by restrictions on the international movement of people and goods, causing major disruption to domestic and overseas economies and a sharp downturn.」
COVID-19, identified as a standalone risk in the previous fiscal year, materialized as a global economic downturn, stagnation in production and consumption, and supply-chain disruption, significantly affecting consolidated results. - FY2020First statedAnnual report
「The Group established a company-wide response headquarters for COVID-19 and has worked to monitor the health of employees in Japan and overseas, collect information from each business location, and implement measures to prevent infections. The Group will continue to expand necessary measures in line with conditions in each country, including preventing the spread of infection inside and outside the company. However, depending on the course of the spread of infection and when it subsides, and ultimately on the severity of the impact on the global economy and the markets supplied with products by the Group, the Group’s operating results and financial condition may be affected.」
COVID-19 was identified explicitly as a standalone risk for the first time, with the establishment of a company-wide response headquarters, monitoring of employee health, collection of information from business locations and infection-prevention measures described. The report states that stagnation in production activity and consumer spending and a sharp slowdown in the global economy actually occurred in the fourth quarter.