Stagnation in Demand and Business Activity Due to COVID-19
First written in FY2020. 3 of 14 entries say "Worsened", first in FY2021-Q2. Latest entry: FY2025.
Tokai Senko K.K. 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 2020: 112 of 175 companies on the "Worse" side.
5 other companies' latest entry also says "Other".
- FY2025Natural disasters explicitly cited alongside the pandemicAnnual report
「The Group has multiple business sites, offices and childcare facilities in Japan and overseas. If a global pandemic such as COVID-19, or a large-scale natural disaster exceeding expectations, were to make business operations difficult, this could have a material impact on operating results.」
In addition to infectious disease risk, the risk that multiple sites and childcare facilities could become difficult to operate owing to large-scale natural disasters exceeding expectations was explicitly identified. - FY2024-Q2MitigatedAnnual report
「The Japanese economy during the six months ended the second quarter continued to recover moderately, as economic and social activity normalised following the reclassification of COVID-19 as a Class 5 disease, personal consumption expanded, inbound spending became more active, and capital investment progressed in areas such as digitalisation, decarbonisation, and labour-saving and manpower-saving measures.」
The normalisation of economic and social activity following the reclassification of COVID-19 as a Class 5 disease, and the increased activity in personal and inbound consumption, were noted, with the risk of stagnation in demand and business activity described as easing. - FY2023MitigatedAnnual report
「With regard to COVID-19, the easing of activity restrictions and border-control measures, together with the reclassification of the disease as a Class 5 infectious disease under the Infectious Diseases Control Law on 8 May 2023, is expected to support the normalization of economic and social activity.」
The easing of activity restrictions and border-control measures and the reclassification as a Class 5 infectious disease indicated that the risk of COVID-19-related stagnation in demand and business activity was moving toward normalization. - FY2023-Q3Progress toward easing activity restrictions and normalizing the economyAnnual report
「Expectations are rising for the normalization of socioeconomic activity, supported by the easing and removal of activity restrictions and border-control measures related to COVID-19, the revitalization of regional economies and expansion of personal consumption following the resumption of the National Travel Assistance program, and increased capital investment in areas such as decarbonization and digital transformation.」
The easing of activity restrictions and border-control measures and the National Travel Assistance program strengthened expectations for the normalization of demand and business activity. - FY2023-Q2Easing activity restrictions alongside concerns about an eighth waveAnnual report
「With regard to measures against COVID-19, progress is being made toward living with the virus through the easing of various activity restrictions, the easing of restrictions on new arrivals from overseas and the removal of the cap on total arrivals. These developments are expected to revitalize regional economies and support the recovery and normalization of corporate investment in equipment, production activity, and personal consumption, but the outlook remains uncertain, including because of concerns about an eighth wave of infections.」
While the easing of activity and border-control restrictions raised expectations for an economic recovery, concerns about an eighth wave of infections were also noted. - FY2023-Q1Easing activity restrictions alongside concerns about a seventh waveAnnual report
「With regard to COVID-19, the quasi-emergency measures to prevent the spread of disease were lifted in March 2022, and the recovery trend has continued as corporate investment in equipment and production activities and personal consumption resumed. However, concerns about a seventh wave of infections caused by a new variant remain, leaving the situation unpredictable.」
While the lifting of the quasi-emergency measures and the resumption of economic activity pointed to a recovery, concerns about a seventh wave caused by a new variant were also noted. - FY2022Easing restrictions alongside concerns about variantsAnnual report
「With regard to measures to prevent the spread of COVID-19, activity restrictions are being eased and infection-control measures are being reviewed」
While the easing of activity restrictions and the review of infection-control measures were identified as factors supporting a recovery, the effects of COVID-19 itself remained across the businesses. - FY2022-Q3WorsenedAnnual report
「Although expectations grew for the resumption and recovery of economic activity, including the easing of activity restrictions and the resumption of corporate investment and production as COVID-19 vaccinations progressed, uncertainty persisted because of the sharp global rises in crude oil and raw material prices, the spread of the Omicron variant, and concerns about a sixth wave of infections in Japan.」
While vaccinations and the easing of activity restrictions raised expectations for a recovery, business-environment risks from COVID-19 persisted because of the spread of the Omicron variant and concerns about a sixth wave in Japan. - FY2022-Q2RestatedAnnual report
「Although the childcare services business saw a decline in users due to the impact of COVID-19, revenue increased as a result of opening 7 new locations.」
The decline in users due to COVID-19 has continued, and the pandemic's impact on business activity and demand, including in childcare services, has persisted. - FY2022-Q1RestatedAnnual report
「For the time being, restrictions on activities to prevent the spread of COVID-19 will weigh on the economy, preventing a recovery in consumption, and challenging conditions are expected to continue.」
Restrictions on activities related to COVID-19 have impeded the recovery in consumption, and the business environment has remained challenging. - FY2021-Q3WorsenedAnnual report
「Although there were signs of improvement from June onward after the requests for voluntary restrictions were lifted, apparel sales remained sluggish due to the resurgence of infections, and difficult business conditions continued.」
Although calls to refrain from going out and requests to suspend business operations were lifted, the renewed spread of infections prolonged the slump in apparel sales, and the impact of COVID-19 continued across multiple businesses, including dyeing and processing, childcare, laundry, and overseas sales. - FY2021-Q2WorsenedAnnual report
「In the dyeing and processing industry, personal consumption fell sharply due to restrictions on going out to prevent the spread of COVID-19 and requests from local governments to suspend business operations. Even after these requests were lifted and economic activity resumed, sales of textile products remained sluggish, and difficult business conditions continued.」
The effects of calls to refrain from going out and requests to suspend business operations due to COVID-19 have continued after economic activity resumed, in the form of sluggish textile product sales and challenging business operations. - FY2021-Q1MaterialisedAnnual report
「Sales of textile products have been extremely sluggish because of calls to refrain from going out to prevent the spread of COVID-19 and requests from local governments to suspend business operations, and the business environment has remained increasingly challenging.」
Calls to refrain from going out and requests to suspend business operations due to COVID-19 materialized as an actual business impact in the form of an extreme slump in textile product sales. - FY2020First statedAnnual report
「As the global economy contracted rapidly under the impact of COVID-19, the domestic economy also suffered a substantial downturn because of declining inbound demand, weak consumption resulting from calls to refrain from going out, and deteriorating corporate earnings」
The contraction of the global economy caused by COVID-19, declining inbound demand, calls to refrain from going out, weak consumption, and deteriorating corporate earnings were identified independently for the first time as risks that had actually affected the business environment and order-taking activities during the fiscal year.