Impact of COVID-19 on Business Activity and Demand
First written in FY2021-Q1. 3 of 8 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2023.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2023SoftenedAnnual report
「Demand for IT services remained firm even after the effects of the COVID-19 pandemic subsided」
The company’s view has shifted to one that the impact of the pandemic on corporate activity and demand has subsided, and it states that demand for IT services remains firm. However, pandemic developments continue to be disclosed as an external-environment risk. - FY2023-Q3RestatedAnnual report
「Looking ahead, although the economy is expected to continue recovering, partly due to the effects of various policies, it will be necessary to closely monitor the impact of rising prices, supply-side constraints, fluctuations in interest rates and foreign exchange rates resulting from global monetary tightening, and developments in the pandemic in Japan and overseas.」
While anticipating a recovery in economic activity, the company continues to closely monitor the impact on the business environment, including pandemic developments in Japan and overseas. - FY2023-Q1SoftenedAnnual report
「The domestic economy showed signs of recovery during the quarter as economic activity normalized. Going forward, continued recovery is expected, supported by the effects of various policies, but the impact of the spread of infection, interest-rate and foreign-exchange trends, and rising raw-material prices must be monitored closely.」
Although normalization of economic activity and a recovery in the economy have emerged, indicating that the current deterioration in the business environment caused by the COVID-19 pandemic is easing, the company states that the possibility of a renewed spread of the pandemic remains. - FY2022-Q3RestatedAnnual report
「The domestic economy showed signs of recovery during the quarter as the difficult conditions caused by COVID-19 gradually eased. Going forward, continued recovery is expected as socioeconomic activity normalizes, supported by the effects of various policies and improvements in overseas economies, but attention must be paid to the impact on domestic and overseas economies of supply-side constraints and new variants, as well as to volatility in financial and capital markets.」
Although the impact of the pandemic on the business environment is gradually easing, the company is reaffirming its view that supply constraints and the impact of new variants need to be monitored closely. - FY2022-Q2RestatedAnnual report
「The domestic economy remained in a difficult situation during the quarter due to the impact of COVID-19, although signs of a recovery had recently emerged.」
While the pandemic continues to affect the business environment, the company is reaffirming its view that signs of a recovery are emerging in the domestic economy. - FY2021-Q3MaterialisedAnnual report
「Revenue from the ATM operations business decreased 30.4% year on year to ¥2,160 million (¥3,101 million in the same period of the previous year) due to store closures, a decline in ATM transactions resulting from requests to refrain from going out, and a decrease in the number of ATMs in operation.」
The effects of store closures and requests to refrain from going out caused by the COVID-19 pandemic continued to materialize as declines in ATM transactions, the number of ATMs in operation, and revenue. - FY2021-Q2MaterialisedAnnual report
「Temporary revenue from systems integration construction and equipment sales decreased 5.3% year on year to ¥13,020 million due to stagnation in corporate activity around April and May associated with the spread of the COVID-19 pandemic.」
The stagnation of corporate activity caused by the pandemic continued to appear as lower systems integration construction revenue. The ATM operations business also reported a 33.6% year-on-year revenue decline due to store closures and other factors. - FY2021-Q1MaterialisedAnnual report
「Due to stagnation in corporate visits around April and May associated with the spread of the COVID-19 pandemic, revenue decreased 9.6% year on year to ¥6,550 million.」
The impact of the COVID-19 pandemic materialized as stagnation in corporate visits, lower systems integration construction revenue, sluggish mobile device sales to individuals, and temporary closures at ATM host stores.