Business Impact of the Spread of COVID-19
First written in FY2020. 7 of 12 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2023DroppedAnnual report
「During the current consolidated fiscal year, Japan’s economy has been gradually recovering, although some weakness remains.」
The FY2023 business risks do not mention a standalone business-impact risk from the spread of COVID-19, and the economic environment is described as gradually recovering. - FY2023-Q3RestatedAnnual report
「Meanwhile, should COVID-19 spread again, the extent of the impact on our group is currently uncertain. If COVID-19 spreads further, the impact on the economy will be unknown and could affect our group.」
While recognizing the economic recovery, continued to disclose the risk that the impact on the economy and earnings would be uncertain if COVID-19 spread again. - FY2023-Q2RestatedAnnual report
「Meanwhile, should COVID-19 spread again, the extent of the impact on our group is currently uncertain. If COVID-19 spreads further, the impact on the economy will be unknown and could affect our group.」
While acknowledging the economic recovery, continued to disclose the risk that the impact on the economy and earnings would be uncertain if COVID-19 spread again. - FY2023-Q1WorsenedAnnual report
「Meanwhile, signs of another spread of COVID-19 have emerged, and the extent of the impact on our group remains uncertain given the current uncertainty surrounding its future impact on society. If the spread of COVID-19 continues further, the impact on the economy will be unknown and could affect our group.」
While describing the normalization of economic and social activity, again emphasized the signs of renewed COVID-19 spread and the uncertainty surrounding its impact on the economy and the group’s results. - FY2022RestatedAnnual report
「Within our group, customization revenue, particularly revenue generated when partner companies introduce our group’s services, has in some cases been affected by changes in the policies and measures of partner companies amid the COVID-19 pandemic. Given the current uncertainty surrounding future COVID-19 infection levels and its impact on society, the extent of the impact on our group remains uncertain.」
While stating that stock-based license revenue was progressing steadily, continued to disclose uncertainty over the impact on new businesses and customization revenue from partner companies. - FY2022-Q2RestatedAnnual report
「Meanwhile, concern remains over the long-term, worldwide economic impact of COVID-19. Even after the lifting of the areas subject to nationwide states of emergency and priority preventive measures, the future COVID-19 infection situation and its impact on society remain uncertain, making the extent of the impact on our group difficult to predict.」
Continued to disclose the risk that, even after the lifting of states of emergency and other measures, the COVID-19 infection situation and its economic and social impact remain uncertain and the impact on earnings cannot be predicted. - FY2022-Q1RestatedAnnual report
「Meanwhile, concern remains over the long-term, worldwide economic impact of COVID-19. During the previous fiscal year, our group’s new businesses that will drive future sales growth, particularly customization development when customer companies introduce our group’s services, were in some cases affected by changes in the policies and measures of partner companies amid the impact of COVID-19. Given the current uncertainty surrounding future COVID-19 infection levels and its impact on society, the extent of the impact on our group remains uncertain.」
Continued to disclose the uncertainty surrounding the impact of COVID-19 on new businesses and customization development as a risk. - FY2021RestatedAnnual report
「Within our group, new businesses that will drive future sales growth, particularly customization development when customer companies introduce our group’s services, have in some cases been affected by changes in the policies and measures of partner companies amid the impact of COVID-19. Given the current uncertainty surrounding future COVID-19 infection levels and its impact on society, the extent of the impact on our group remains uncertain.」
While stating that stock-based license revenue was progressing steadily, continued to disclose uncertainty over the impact on new businesses and customization development. - FY2021-Q3WorsenedAnnual report
「However, with a third wave of COVID-19 arriving and states of emergency declared in some regions, the outlook remains uncertain.」
While licenses and customization were trending toward recovery from the second quarter, the third wave and states of emergency in some regions increased uncertainty over the outlook and the risk of renewed stagnation. - FY2021-Q2MaterialisedAnnual report
「Meanwhile, as described above, COVID-19 has had a significant impact on society and has also affected our group’s business.」
Stated that COVID-19 had actually affected the business. However, explained that the impact was within the range of the initial earnings forecast and that some new license and customization projects had been delayed. - FY2021-Q1RestatedAnnual report
「Although the state of emergency has now been lifted, conditions remain difficult, with the number of infected people again trending upward. Our business has not been affected, but there are still uncertainties, particularly regarding the extent of the impact on new businesses. Accordingly, we announced an outlook with a range for our earnings forecast for the current fiscal year.」
While describing the renewed increase in infections and uncertainty over the impact on new businesses, explained that the business had not been affected as of the current quarter and that the earnings forecast was presented as a range. - FY2020First statedAnnual report
「In response to the state of emergency declared by the government amid the spread of COVID-19, our group implemented measures including remote work across all offices and determined that the impact on business operations was limited. Stock-based license revenue, which is the main source of our group’s sales, has remained solid. Meanwhile, concern remains over the long-term, worldwide economic impact of COVID-19. For our group as well, particularly with respect to new services, it is currently difficult to fully predict the extent of this impact.」
While disclosing the economic impact of the spread of COVID-19 as a new risk, stated that all offices had adopted remote work and that stock-based license revenue remained solid.