Deterioration in the business environment caused by COVID-19
First written in FY2021-Q1. 3 of 7 entries say "Restated". Latest entry: FY2024-Q1.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024-Q1MitigatedAnnual report
「Although economic activity was returning to normal and the economy continued to recover moderately after COVID-19 was reclassified as a Class 5 disease under the Infectious Diseases Control Law」
The company states that COVID-19 was reclassified as a Class 5 disease and that economic activity was returning to normal. - FY2023-Q2MitigatedAnnual report
「During the cumulative second quarter of the fiscal year, although the spread of COVID-19 infections in Japan had subsided and an economic recovery was expected」
The company describes a situation in which the spread of COVID-19 infections had subsided and an economic recovery was expected, but does not state that the impact on economic activity had been completely eliminated. - FY2022-Q1RestatedAnnual report
「Although the start of COVID-19 vaccinations raised expectations for an economic recovery, intermittent calls for some economic activities to be voluntarily suspended under various government and local-government policies continued, and the outlook remained uncertain」
While referring to expectations for an economic recovery following the start of vaccinations, the company reconfirms the continuation of restrictions on economic activity and the uncertain business environment. - FY2021WorsenedAnnual report
「If the financial condition of the Group's customers deteriorates significantly due to the infectious disease, the number of cancellations may increase, use of the services may be lost, and the Group may have difficulty collecting trade receivables from its customers.」
Regarding COVID-19, the company discloses multiple specific risks, covering not only a decline in demand but also the financial condition of employees, business partners and cooperating companies, and customers, as well as the collection of receivables. - FY2021-Q3RestatedAnnual report
「The outlook remained uncertain due to the resurgence of COVID-19 infections」
While stating that the outlook remained uncertain due to the resurgence of infections, the company judged that the impact of the infectious disease on the consolidated financial statements for the fiscal year was immaterial. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter of the fiscal year, although new lifestyles were becoming established in Japan, the spread of COVID-19 infections continued and difficult conditions persisted. The global economy also showed a sharp slowdown due to the effects of COVID-19」
The company continues to describe the ongoing spread of infections, difficult domestic economic conditions and the sharp slowdown in the global economy as the actual business environment. - FY2021-Q1First statedAnnual report
「Social and economic activity was restricted due to the effects of the state of emergency declaration issued in response to COVID-19 and other factors. Even after the declaration was lifted, the end of the spread of infections remained uncertain, and difficult conditions continued. The global economy also showed a sharp slowdown due to the effects of COVID-19」
The company describes restrictions on social and economic activity resulting from the state of emergency declaration and the sharp slowdown in the global economy as events that actually occurred, while indicating uncertainty over the prolonged and worsening spread of infections.