Business impact of the spread and prolonged duration of COVID-19
First written in FY2020-Q2. 5 of 10 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024DroppedAnnual reportThe discussion of the economic environment and risks for the fiscal year does not directly identify the spread and prolongation of COVID-19 as a standalone risk.
- FY2023-Q2RestatedAnnual report
「During the cumulative second quarter, Japan's economy was gradually normalizing social and economic activity following measures to address COVID-19. However, the outlook remained uncertain due to rising inflation accompanying higher raw material and energy costs resulting from international conditions and other factors, major volatility in financial markets caused by global monetary tightening, and concerns over an economic recession.」
While referring to the normalization of social and economic activity, it continues to cite higher raw material and energy costs, inflation, monetary tightening and concerns over an economic recession as sources of uncertainty over the outlook. - FY2023-Q1WorsenedAnnual report
「During the cumulative first quarter, the economic outlook remained uncertain due to rising inflation accompanying higher international raw material and energy costs amid the prolonged Russia-Ukraine situation, major volatility in financial markets caused by global monetary tightening, and concerns over a global economic recession.」
In addition to the uncertainty previously caused by the COVID-19 pandemic and other factors, it cites the Russia-Ukraine situation, higher raw material and energy costs, inflation, monetary tightening and concerns over an economic recession as sources of uncertainty. - FY2022-Q3WorsenedAnnual report
「During the cumulative third quarter, the social and economic impact of the spread of COVID-19, referred to below as the "COVID-19 pandemic," remained prolonged. Meanwhile, the United States and other advanced economies began tightening monetary policy to address global inflation, and the global economy was expected to slow. The Ukraine crisis also coincided with a sharp depreciation of the yen, higher energy prices and tight electricity supply and demand, leaving the economic outlook persistently uncertain.」
In addition to the COVID-19 pandemic, monetary tightening, the outlook for a slowdown in the global economy and the Ukraine crisis, it cites a sharp depreciation of the yen, higher energy prices and tight electricity supply and demand as additional sources of uncertainty over the economic outlook. - FY2022-Q2WorsenedAnnual report
「During the cumulative second quarter, Japan's economy faced growing uncertainty over its outlook as the prolonged spread of COVID-19, referred to below as the "COVID-19 pandemic," coincided with rising asset prices, monetary tightening by the United States and other advanced economies, and the Ukraine crisis.」
It explains that, in addition to the prolonged COVID-19 pandemic, rising asset prices, monetary tightening and the Ukraine crisis have increased uncertainty over the economic outlook. - FY2021RestatedAnnual report
「Although progress in vaccinations in Japan and overseas, increased exports against the backdrop of the recovery in overseas economies, and capital investment created signs of a recovery, the spread of variants led to states of emergency being declared mainly in urban areas and the implementation of priority preventive measures. Economic activity has continued to face significant changes depending on infection conditions, and uncertainty about the future remains.」
The disclosure notes signs of recovery in vaccination and the economy, while uncertainty over the economic outlook due to the spread of variant strains remains. - FY2021-Q3RestatedAnnual report
「Although measures to prevent the spread of infection, including the start of vaccination programs in Japan and overseas, and the effects of various policies and the recovery of overseas economies have created signs of a recovery, the outlook for containing the COVID-19 pandemic in Japan and overseas remains unclear, and uncertain conditions continue.」
The Company describes signs of a recovery resulting from vaccinations and the effects of government policies, while reiterating its view that the outlook for containing the COVID-19 pandemic remains unclear and that uncertainty about the future continues. - FY2020RestatedAnnual report
「The timing of the containment of COVID-19 remains uncertain, and its impact on economic activity cannot currently be predicted.」
The Company continues to recognize the timing of the containment of COVID-19 and its impact on economic activity as uncertain. - FY2020-Q3RestatedAnnual report
「Regarding the impact of the spread of COVID-19 on the business, the Company will continue to closely monitor developments because the burden of costs for countermeasures may increase if the spread becomes more severe or prolonged.」
The Company continues to disclose the risk of increased costs for countermeasures if COVID-19 becomes more severe or prolonged. - FY2020-Q2First statedAnnual report
「No impact on the business has arisen so far from the spread of COVID-19. However, if the impact of the novel coronavirus becomes more severe or prolonged, the burden of costs for countermeasures may increase, and the Company will continue to closely monitor developments.」
While stating that no impact on the business had arisen at that time, the Company newly identified the possibility of increased costs for countermeasures if the spread of COVID-19 became more severe or prolonged.