Impact of COVID-19 on Operating Performance and Financial Position
First written in FY2020. 3 of 13 entries say "Worsened", first in FY2021-Q1. Latest entry: FY2024.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024DroppedAnnual report
「During the fiscal year, Japan's economy was expected to continue recovering gradually as employment and income conditions improved, supported in part by the effects of various policies, although」
The direct references in previous filings to customer operations being suspended due to COVID-19 and to pandemic-related economic downside cannot be found in the business environment and risk disclosures in this filing. - FY2023SoftenedAnnual report
「During the fiscal year, Japan's economy was expected to continue recovering gradually as employment and income conditions improved, supported in part by the effects of various policies. However, with global monetary tightening and other factors continuing, weaker overseas economies posed a risk of putting downward pressure on Japan's economy. Close attention was also required to the impact of rising prices, supply-side constraints, volatility in the financial and capital markets, and the spread of COVID-19 in China.」
The focus has shifted from describing the pandemic's direct impact on customer operations to describing macroeconomic risks under living with COVID-19, including the economy and the spread of COVID-19 in China. - FY2023-Q3RestatedAnnual report
「As the transition to a new phase of living with COVID-19 progresses, the economy is expected to recover, supported in part by the effects of various policies. However, with global monetary tightening and other factors continuing, weaker overseas economies pose a risk of putting downward pressure on Japan's economy. Close attention is also required to the impact of rising prices, supply-side constraints, and volatility in the financial and capital markets.」
While describing the environment for measures against COVID-19 and the normalization of economic and social activity, the filing continues to warn about the external environment, including developments related to the pandemic. - FY2023-Q2SoftenedAnnual report
「As thorough measures are taken against COVID-19 and economic and social activity moves toward normalization, the economy is expected to recover, supported in part by the effects of various policies.」
The filing describes measures against COVID-19, the normalization of economic and social activity, and expectations for an economic recovery. Its explanation of pandemic-related economic downside is less pronounced than in the previous filing. - FY2022-Q3RestatedAnnual report
「Although the economy is expected to recover, close attention is required to the risk of downside caused by supply-chain effects, as well as to the impact of the pandemic's progress in Japan and overseas and volatility in the financial and capital markets.」
The Company continues to monitor the impact of the pandemic's progress on the domestic and overseas economies and remains alert to volatility in the financial and capital markets. - FY2022-Q2RestatedAnnual report
「Close attention is required to the impact of the pandemic's progress on the domestic and overseas economies, as well as to the impact of volatility in the financial and capital markets.」
The Company continues to monitor the impact of the pandemic's progress on the domestic and overseas economies and remains alert to volatility in the financial and capital markets. - FY2022-Q1WorsenedAnnual report
「Close attention is required to the increasing risk of downside in the domestic and overseas economies due to the spread of the pandemic, as well as to the impact of volatility in the financial and capital markets.」
The Company explicitly identified the increasing risk of economic downside due to the pandemic, strengthening its warning about the external environment from the position at the end of the previous fiscal year, when it had described a recovery in orders. - FY2021MitigatedAnnual report
「During the fiscal year, the spread of COVID-19 caused some customer companies to suspend or postpone their operations, mainly during the six months ended the second quarter. From the third quarter onward, however, orders have been recovering.」
Although COVID-19 caused customer operations to be suspended or postponed, orders recovered from the third quarter onward, and the Company's assessment of its impact on future business and results has changed to conclude that there will be no material impact. - FY2021-Q3MaterialisedAnnual report
「The spread of the pandemic caused some customer companies to suspend or postpone their operations.」
The impact of COVID-19 continues to materialize as the suspension or postponement of operations at some customer companies. - FY2021-Q2MaterialisedAnnual report
「The spread of the pandemic caused some customer companies to suspend or postpone their operations.」
The filing states that COVID-19 risks materialized as the suspension or postponement of operations at some customer companies in the debugging and verification business. - FY2021-Q1WorsenedAnnual report
「During the cumulative first quarter of the fiscal year, Japan's economy was expected to remain in an extremely severe condition due to the impact of the novel coronavirus disease (COVID-19; hereinafter, the infection). Sufficient attention must be paid to the risk that the infection could further weaken domestic and overseas economies. It is also necessary to closely monitor financial and capital market volatility and other factors.」
In addition to COVID-19 risks, the filing identifies volatility in the financial and capital markets as a factor requiring close monitoring. - FY2021-Q1WorsenedAnnual report
「During the three months ended the first quarter, Japan's economy was expected to remain in an extremely severe situation due to the impact of COVID-19, and close attention was required to the risk that the pandemic could cause further downside in the domestic and overseas economies.」
The Company expected the economic impact of COVID-19 to remain extremely severe and heightened its vigilance over the risk of further downside in the domestic and overseas economies. - FY2020First statedAnnual report
「The World Health Organization (WHO) declared COVID-19 a pandemic on 11 March 2020. The Group is closely monitoring developments while promoting telework, but depending on how the situation develops, it may affect the Group's operating results and financial position.」
The Company identified the COVID-19 pandemic as a new external risk and is closely monitoring developments while promoting telework. The filing states that the pandemic may affect operating results and financial position.