Business Shutdowns Caused by Natural Disasters, Human-Caused Disasters and Infectious Diseases
First written in FY2017. 6 of 15 entries say "Mitigated", first in FY2022-Q1. Latest entry: FY2024-Q3.
The whole theme swung hardest in 2020: 67 of 114 companies on the "Worse" side.
23 other companies' latest entry also says "Mitigated".
- FY2024-Q3MitigatedAnnual report
「During the third quarter of the current consolidated cumulative period, Japan's economy showed signs of a gradual recovery as social and economic activity normalized, including the reclassification of COVID-19 as a Category V infectious disease under the Infectious Diseases Control Law.」
The downgrading of COVID-19 to a Class 5 infectious disease and the normalization of socioeconomic activity are cited as factors mitigating business-environment risks associated with the infection. - FY2024-Q1MitigatedAnnual report
「The economy showed signs of a gradual recovery as social and economic activity normalized, including the reclassification of COVID-19 as a Category V infectious disease under the Infectious Diseases Control Law.」
The company identifies the reclassification of COVID-19 and the normalization of social and economic activity as factors mitigating business environment risks associated with infectious diseases. - FY2023RestatedAnnual report
「To address this risk, the group has established disaster response rules and set out its response policy. It has also developed a telework environment so that business can continue during emergencies.」
The company continues to maintain disaster response rules and a telework environment to address natural disasters, infectious diseases and other events. - FY2023-Q1MitigatedAnnual report
「During the first quarter of the current consolidated cumulative period, Japan's economy showed signs of a gradual recovery as the number of new COVID-19 cases declined and restrictions on activity were eased.」
The company describes the decline in new COVID-19 cases and easing of restrictions on activity as factors behind the recovery in the economic environment. - FY2022-Q3MitigatedAnnual report
「During the third quarter of the current consolidated cumulative period, the state of emergency that had been issued intermittently since the beginning of the year in response to the spread of COVID-19 and other factors was fully lifted at the end of September 2021. From October, the number of new cases also began trending lower nationwide, and the company judged that the impact on the group's financial results and other matters had largely been eliminated.」
The company states that although it continues to remain vigilant regarding the infectious disease, its impact on the group's financial results had largely been eliminated. - FY2022-Q2MitigatedAnnual report
「During the second quarter of the current consolidated cumulative period, corporate activity was constrained by the issuance of a state of emergency and priority preventive measures in response to the spread of COVID-19. However, the company judged that the impact on the group's financial results had largely been eliminated.」
The company states that although constraints on corporate activity continued, the impact of COVID-19 on the group's financial results had largely been eliminated. - FY2022-Q1MitigatedAnnual report
「During the first quarter of the current consolidated cumulative period, corporate activity was constrained by the issuance of a state of emergency and priority preventive measures in response to the spread of COVID-19. However, the company judged that the impact on the group's financial results had largely been eliminated.」
The company states that although constraints on corporate activity continued, the impact of the infectious disease on the group's financial results had largely been eliminated. - FY2021MaterialisedAnnual report
「Regarding COVID-19 in particular, while there were still no signs that the outbreak was ending, the group worked to reduce its impact by thoroughly implementing measures to protect employees and prevent the spread of infection, including working from home and prohibiting nonessential business travel, and by reconfirming its business continuity measures in case infections occurred.」
As the infectious disease risk continued and materialized, the company continued measures including working from home, banning business travel and reconfirming its business continuity plans. - FY2021-Q3MaterialisedAnnual report
「However, the group was also unable to fully eliminate the impact of COVID-19 at some subsidiaries, and as a result, total orders received by the systems development business declined year on year.」
The infectious disease risk continues to be reflected in business performance through lower orders received at some subsidiaries. - FY2021-Q2MaterialisedAnnual report
「Because some existing customers whose business activities were affected by COVID-19 postponed orders or reduced project sizes, among other developments,」
As the infectious disease risk continued, its business impact materialized in the form of postponed orders and reduced project sizes among existing customers. - FY2021-Q1WorsenedAnnual report
「Because some customers experienced delays in acceptance inspections and order procedures due to COVID-19, the timing of revenue recognition and order receipt for some projects scheduled for the first quarter of the current consolidated cumulative period was delayed.」
As the infectious disease risk continued, its business impact materialized in the form of delays in acceptance inspections and order procedures by some customers. - FY2020MaterialisedAnnual report
「Regarding COVID-19 in particular, when signs of a global spread emerged in January, the group issued warnings throughout all group companies and established a COVID-19 task force headed by a director responsible for the corporate staff division, and has proceeded with its response.」
As the infectious disease risk materialized, the company implemented measures including establishing a task force, working from home, banning business travel and taking business continuity planning measures. It states that the impact on the business was minor at that point. - FY2019RestatedAnnual report
「However, if the group is affected by a disaster exceeding the assumed scale, it could suffer a significant impact, including the suspension of all or part of its business. The group also believes that if any of its business partners is affected by a disaster, this could affect its financial results.」
The company continues to disclose the risk of business suspension due to natural disasters, human-caused disasters or infectious diseases affecting the group or its business partners. - FY2018WorsenedAnnual report
「The group also believes that if any of its business partners is affected by a disaster, this could affect its financial results.」
The company explicitly identifies disasters affecting business partners, in addition to disasters affecting the group itself, as a factor that could have an impact, including the suspension of all or part of the business. - FY2017First statedAnnual report
「If the group is affected by a disaster such as an earthquake or other natural disaster, a human-caused disaster or the spread of an infectious disease, it recognizes that recovery through a prompt and appropriate response and business continuity should be prioritized.」
The company sets out the risk of business suspension due to natural disasters, human-caused disasters or the spread of infectious diseases, and its policy of prioritizing recovery and business continuity.