Growing Uncertainty in the Domestic and Global Economies Due to COVID-19
First written in FY2020. 5 of 15 entries say "Materialised", first in FY2021-Q2. Latest entry: FY2025.
Jade Group moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2019: 13 of 36 companies on the "Worse" side.
9 other companies' latest entry also says "Dropped".
- FY2025DroppedAnnual report
「During the current consolidated fiscal year, the macroeconomic environment followed a gradual recovery trend as socioeconomic activity normalized, including an expansion in personal consumption and inbound demand compared with the previous fiscal year.」
In the FY2025 description of the business environment and risks, increasing uncertainty in the domestic and overseas economies due to COVID-19 is no longer described as a separate factor. - FY2024-Q3MitigatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the impact of COVID-19 on demand and supply had subsided year on year, but uncertainty increased due to sluggish sales of autumn and winter products resulting from extreme heat in the first half of the quarter, rising consumer prices, concerns over an economic slowdown following changes in monetary policy in various countries, and heightened geopolitical risks.」
The company states that the impact of COVID-19 on demand and supply has subsided. Other factors contributing to uncertainty in the macroeconomic environment continue, however. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, the impact of COVID-19 on demand and supply gradually subsided, but uncertainty increased due to sluggish sales of autumn and winter products resulting from extreme heat in the latter half of the quarter, rising consumer prices, concerns over an economic slowdown following changes in monetary policy in various countries, and heightened geopolitical risks.」
While stating that the impact of COVID-19 on demand and supply gradually subsided, the company indicates that other factors contributing to uncertainty in the macroeconomic environment continue. - FY2023MitigatedAnnual report
「Although the impact of COVID-19 on demand and supply in the macroeconomic environment during the current consolidated fiscal year gradually subsided toward the end of the fiscal year,」
The company states that the impact of COVID-19 on demand and supply gradually subsided toward the end of the fiscal year, partially easing its previous explanations of continuing uncertainty and an expanding impact. Meanwhile, other macroeconomic risks, including rising prices, continue. - FY2023-Q3RestatedAnnual report
「During the nine-month period of the current fiscal year, the macroeconomic environment became more uncertain due to the impact of COVID-19 on demand and supply, rising consumer prices, concerns about an economic slowdown accompanying changes in monetary policy in various countries, and rising geopolitical risks.」
The company continues to describe uncertainty in the macroeconomic environment, including the impact of COVID-19 on demand and supply. - FY2023-Q2WorsenedAnnual report
「During the six-month period of the current fiscal year, the macroeconomic environment became more uncertain due to the impact of COVID-19 on demand and supply, rising consumer prices, concerns about an economic slowdown accompanying changes in monetary policy in various countries, and rising geopolitical risks.」
Regarding COVID-19, the company explicitly identifies its impact on demand and supply, in addition to the existing uncertainty over the spread and timing of the pandemic's resolution, as a factor contributing to uncertainty in the macroeconomic environment. - FY2023-Q1RestatedAnnual report
「There have been no material changes to the assumptions, including those regarding how COVID-19 will spread and when it will end, described in the previous fiscal year's annual securities report under Additional Information (Accounting estimates related to the spread of COVID-19).」
The company states that there have been no material changes to the assumptions underlying its accounting estimates regarding the spread of COVID-19 and the timing of its containment, among other matters. - FY2022RestatedAnnual report
「Although the impact of the spread of COVID-19 is currently minor, changes in the timing of the pandemic's resolution and other circumstances may affect the company's financial position and operating results going forward.」
While stating that the impact on performance is currently minor, the company continues to disclose uncertainty regarding the future impact of the timing of the pandemic's resolution and changes in circumstances. Business results also describe a decline in shoe demand due to people refraining from going out. - FY2022-Q3WorsenedAnnual report
「Although a recovery is expected going forward as measures to prevent the spread of infection are implemented, the situation remains uncertain, including due to rising infections involving new variants.」
Regarding COVID-19, rising infections involving new variants are explicitly identified, indicating that uncertainty in the external environment is continuing and deepening. The decline in demand for the core shoe business is also described as continuing. - FY2022-Q2MaterialisedAnnual report
「As a result, although demand for shoes, the company's main product, itself declined substantially due to repeated requests to refrain from going out, the e-commerce marketplace business captured demand shifting from physical stores to e-commerce,」
The company states that demand for its core shoe business continues to decline as people refrain from going out due to COVID-19, while it captures demand shifting from physical stores to e-commerce. - FY2022-Q1MaterialisedAnnual report
「As a result, although demand for shoes, the company's main product, itself declined substantially due to repeated requests to refrain from going out, the e-commerce marketplace business captured demand shifting from physical stores to e-commerce,」
During the current quarter, demand for the company's core shoe business declined substantially as people refrained from going out due to COVID-19, while the company captured demand shifting from physical stores to e-commerce. - FY2021MaterialisedAnnual report
「While the shift to e-commerce accelerated due to so-called stay-at-home consumption, demand for shoes, the company's main product, itself declined substantially as people refrained from going out,」
The company states that demand for its core shoe business actually declined as people refrained from going out due to COVID-19, while also describing the shift to e-commerce and growth in D2C products. - FY2021-Q3MaterialisedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, demand for shoes at physical stores declined because people were asked to refrain from going out, but sales of D2C brand products such as YouTuber Hikaru's ReZARD increased,」
The company continues to state that demand for shoes at physical stores declined as people refrained from going out due to COVID-19, indicating that the impact on the business has materialized. - FY2021-Q2MaterialisedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, demand for shoes at physical stores declined because people were asked to refrain from going out, but sales of D2C brand products such as YouTuber Hikaru's ReZARD increased,」
The company states that demand for shoes at physical stores declined as people refrained from going out amid the impact of COVID-19, indicating that the external-environment risk has had an actual impact on the business. - FY2020First statedAnnual report
「In addition to the consumption tax increase and repeated typhoons causing unsettled weather, the outlook for the domestic and overseas economies has become uncertain due to the impact of COVID-19.」
COVID-19 is explicitly identified for the first time as an external-environment risk making the outlook for the domestic and overseas economies uncertain. No specific impact on the company's performance is described.