Uncertainty in Economic and Business Conditions Caused by the COVID-19 Pandemic
First written in FY2020. 6 of 13 entries say "Mitigated", first in FY2021-Q2. Latest entry: FY2026-H1.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material changes were identified in the economic and business-environment risks caused by COVID-19. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material changes were identified in the economic and business-environment risks caused by COVID-19. - FY2023MitigatedAnnual report
「With respect to COVID-19, the Group implemented measures to minimize the risk of infection, and there was no impact on the Group's production during the fiscal year, including factory production and on-site construction. There was also no material impact from the end of the fiscal year through the filing date of the annual securities report.」
It was explained that continued infection-prevention measures had resulted in no impact on factory production or on-site construction during the fiscal year, weakening the apparent impact on the business environment compared with the previous fiscal year and earlier. - FY2023-Q3MitigatedAnnual report
「During the first nine months of the fiscal year, social and economic activity was gradually returning to normal following the COVID-19 pandemic, and the economy continued to recover moderately, although」
It was described that social and economic activity was gradually returning to normal following the COVID-19 pandemic and that the economy continued to recover moderately, weakening the wording of the economic-environment risk caused by COVID-19 in part. - FY2023-Q2MitigatedAnnual report
「During the first six months of the fiscal year, the Japanese economy was expected to recover, supported in part by the effects of various policies as the transition to a new phase of living with COVID-19 progressed.」
Expectations for an economic recovery driven by the transition to a new phase of living with COVID-19 and the effects of policy were expressed, weakening the wording of the economic-environment risk caused by COVID-19 in part. - FY2023-Q1MitigatedAnnual report
「During the first quarter of the current consolidated fiscal year, Japan's economy showed signs of recovery from the COVID-19 pandemic, but downside risks increased due to factors including soaring crude oil prices accompanying the deterioration of the situation in Ukraine.」
The economy was described as showing signs of recovery from COVID-19, weakening the economic-environment risk associated with the pandemic in part. Downside risks remained, however. - FY2022-Q3MitigatedAnnual report
「During the first nine months of the fiscal year, the Japanese economy showed signs of recovery as the severe situation caused by COVID-19 gradually eased.」
Although the severe economic conditions caused by COVID-19 continued, the situation was described as gradually easing and showing signs of recovery. - FY2022-Q2WorsenedAnnual report
「During the first six months of the fiscal year, the Japanese economy remained in a severe situation due to the impact of COVID-19 and continued to show signs of recovery, although the pace of recovery weakened.」
Although the economy maintained its recovery amid the continuing impact of the pandemic, it was described as having lost momentum, strengthening recognition of the economic-environment risk from the end of the previous fiscal year. - FY2021RestatedAnnual report
「During the fiscal year, the Japanese economy remained in a severe situation due to the impact of COVID-19, but showed signs of recovery as a result of various policies. However, close attention is required to the increased downside risk from the spread of infections in Japan and overseas.」
While the impact of the pandemic remained severe, a recovery supported by the effects of policy was also recognized, and caution regarding downside risks continued. - FY2021-Q3WorsenedAnnual report
「During the first nine months of the fiscal year, the Japanese economy remained in a severe situation due to the impact of COVID-19, but showed signs of recovery as a result of various policies. However, close attention is required to the increased downside risk from the spread of infections in Japan and overseas.」
While various policies supported a recovery, the increased downside risk from the spread of infections in Japan and overseas was newly made explicit, heightening caution regarding the economic-environment risk caused by the pandemic. - FY2021-Q2MitigatedAnnual report
「During the first six months of the fiscal year, the Japanese economy remained in a severe situation due to the impact of COVID-19, but showed signs of recovery as social and economic activity was gradually restored, supported by the effects of various policies and improvement in overseas economies.」
While the impact of COVID-19 remained severe, signs of recovery were also described as resulting from the gradual restoration of social and economic activity, among other factors, weakening the wording of the economic-environment risk in part. - FY2021-Q1MaterialisedAnnual report
「During the first quarter of the fiscal year, the Japanese economy deteriorated rapidly and entered an extremely severe situation due to the impact of COVID-19, but it is showing signs of bottoming out as social and economic activity is gradually being restored.」
The economic deterioration caused by COVID-19 was described as an actual event in which the economy deteriorated rapidly, rather than merely as a concern about the outlook. - FY2020First statedAnnual report
「The outlook for the Japanese economy remains extremely challenging due to the impact of the COVID-19 pandemic. There is a risk that the pandemic could cause further downside in domestic and overseas economies, and the impact of volatility in financial and capital markets also requires close attention. The outlook remains highly uncertain.」
The economic deterioration and uncertainty caused by COVID-19 were first explicitly identified as an independent business-environment risk.