Business Impact of COVID-19
First written in FY2020. 4 of 12 entries say "Restated". Latest entry: FY2024-Q1.
Kitabo moved to the "Worse" side of this theme in 2020, 1 year before the typical company in this theme (2021).
The whole theme swung hardest in 2025: 2 of 13 companies on the "Worse" side.
0 other companies' latest entry also says "Softened".
- FY2024-Q1SoftenedAnnual report
「While the transition of COVID-19 to Category 5 is expected to normalize economic and social activity in Japan and signs of improvement are emerging, we continue to face various management challenges, including significant increases in energy and transportation costs due to surging resource prices, higher prices for various materials, a nationwide labor shortage and rising personnel expenses.」
The transition of COVID-19 to Category 5 is expected to normalize economic and social activity, and the description of the pandemic's impact on the business has been toned down. Meanwhile, other management challenges, including high resource prices and labor shortages, continue. - FY2023SoftenedAnnual report
「The COVID-19 pandemic may have a material impact on our results if temporary suspension of operations due to employee infections or a deterioration in economic conditions in Japan and overseas occurs.」
The infection risk continues to be disclosed, but the description has shifted from the previously mentioned possibility of a prolonged impact to a focus on the potential effects if operations are suspended or economic conditions deteriorate. - FY2023-Q2RestatedAnnual report
「As the future spread of COVID-19 may affect our results, we will continue to closely monitor the situation.」
The company reaffirmed the possibility that the spread of COVID-19 may affect its results and its policy of continuously monitoring the situation. - FY2023-Q1RestatedAnnual report
「As the future spread of COVID-19 may affect our results, we will continue to closely monitor the situation.」
The company continues to recognize the possibility that the spread of COVID-19 may affect its results and maintains its policy of continuously monitoring the situation. - FY2022MaterialisedAnnual report
「Our Group's order volume is below the business plan due to the impact of COVID-19. In these circumstances, we have made accounting estimates, including impairment accounting for property, plant and equipment and the recoverability of deferred tax assets, based on the assumption that demand for the spinning, textile, healthcare and recycling businesses will recover from the current consolidated fiscal year in the following consolidated fiscal year and thereafter.」
The company explicitly stated that order volume fell below the business plan due to COVID-19 and is making accounting estimates based on an assumed recovery in demand from the following fiscal year onward. - FY2022-Q2RestatedAnnual report
「As the future spread of COVID-19 may affect our results, we will continue to closely monitor the situation.」
The company continues to recognize the possibility that the spread of COVID-19 may affect its results and maintains its policy of closely monitoring the situation. - FY2022-Q1RestatedAnnual report
「Depending on the future spread of COVID-19, it may affect our results, so we will continue to closely monitor the situation.」
The company continues to recognize the possibility that COVID-19 may affect its results and to closely monitor the spread of the infection. - FY2021WorsenedAnnual report
「The spread of COVID-19 has caused economic activity to stagnate and deteriorate, adversely affecting our business. Depending on when the pandemic is brought under control, its impact may be prolonged and may have a further impact on our business activities.」
The pandemic-related stagnation and deterioration in economic activity actually affected the company's business, and the company continued to indicate the possibility of additional effects if the impact is prolonged. - FY2021-Q3WorsenedAnnual report
「The spread of COVID-19 has caused economic activity to stagnate and deteriorate, adversely affecting our business. Depending on when the pandemic is brought under control, its impact may be prolonged and may have a further impact on our business activities.」
The continuing impact of the pandemic on economic activity has affected the company's business, and the company indicated that the impact could be prolonged further depending on when the pandemic is brought under control. - FY2021-Q2WorsenedAnnual report
「The spread of COVID-19 has caused economic activity to stagnate and deteriorate, adversely affecting our business. Depending on when the pandemic is brought under control, its impact may be prolonged and may have a further impact on our business activities.」
The pandemic actually affected our business, causing economic activity to stagnate and deteriorate. The company indicated that the impact could be prolonged, depending on when the pandemic is brought under control, resulting in further effects on its business. - FY2021-Q1MaterialisedAnnual report
「Order-taking activities remained in an extremely difficult environment as customer companies refrained from conducting business activities due to the COVID-19 pandemic. The market for fabric sales to the Middle East also remained stagnant, as countries in the region were under prolonged lockdowns due to COVID-19, making it necessary to closely monitor future developments.」
COVID-19 actually caused a slowdown in order-taking activities among domestic customer companies and lockdowns and market stagnation in the Middle East. - FY2020First statedAnnual report
「The COVID-19 pandemic may have a material impact on our results if temporary suspension of operations due to employee infections or a prolonged deterioration in economic conditions in Japan and overseas occurs.」
The company identified operational shutdowns caused by employee infections and the impact on results from a prolonged deterioration in economic conditions in Japan and overseas as new risks. It explained that the impact on the current fiscal year would be limited.