Economic Downside and Business Operations Risks from the Novel Coronavirus Disease
First written in FY2020. 3 of 12 entries say "Restated". Latest entry: FY2023.
Ecomic moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 77 of 112 companies on the "Worse" side.
32 other companies' latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「We assume that the impact of COVID-19 is gradually subsiding and that economic activity will continue to normalize going forward.」
The description of the impact of COVID-19 has shifted to assume that the pandemic is moving toward containment and that economic activity is normalizing, representing an easing from the previously difficult economic conditions. - FY2023-Q2MitigatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, Japan's economy was gradually improving from the difficult situation caused by COVID-19, and economic conditions were showing a gradual recovery.」
Although difficult economic conditions caused by COVID-19 remain, the disclosure has changed to state that conditions are gradually improving from the severe situation through the previous quarter and that the economy is showing a gradual recovery. - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, Japan's economy was expected to recover, supported by the effects of various policies, as economic and social activity moved toward normalization while thorough measures were taken against COVID-19.」
Although measures against COVID-19 and progress toward normalizing economic and social activity are described, the disclosure does not state that the pandemic's impact on the economy has disappeared, and related uncertainty continues. - FY2022No impact from suspension of transactions or similar events for the full yearAnnual report
「The group's principal business, payroll processing, involves transactions with client companies on a continuing basis, in principle every month. During the current consolidated fiscal year, there were no events such as suspension of transactions related to COVID-19, and the business was not affected.」
The disclosure continues to describe economic and business continuity risks from the pandemic, while stating that the current consolidated fiscal year was not affected by suspension of payroll-processing transactions or similar events. - FY2022-Q3WorsenedAnnual report
「During the cumulative third quarter of the current fiscal year, Japan's economy and socioeconomic activity were in an extremely difficult situation as the global spread of COVID-19 led to repeated declarations of a state of emergency and the introduction by local governments of priority preventive measures to prevent the spread of disease, requiring people to refrain from nonessential, nonurgent outings. Even after the state of emergency was lifted from October onward, variants of the virus were identified. Although vaccination has become more widespread, continued vaccination is also necessary. Accordingly, uncertainty about the outlook continues, with attention required to the risk that a prolonged pandemic could cause downside in the domestic economy, as well as to trends in overseas economies and volatility in financial and capital markets.」
The impact of the pandemic on socioeconomic activity continues to be described as an "extremely difficult situation," with the identification of variants and the downside risk to the domestic economy from a prolonged pandemic expressly disclosed. - FY2022-Q2WorsenedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, Japan's economy remained in a difficult situation due to the impact of COVID-19. Looking ahead, the economy is expected to recover as measures to prevent the spread of infections are implemented and vaccination is promoted, supported by the effects of various policies and improvements in overseas economies. However, close attention must be paid to the increasing downside risk arising from infection trends in Japan and overseas and impacts transmitted through supply chains, while the impact of volatility in financial and capital markets must also be closely monitored.」
The disclosure continues to describe the difficult economic conditions caused by COVID-19 and newly identifies the increasing downside risk transmitted through supply chains as an additional channel of impact. - FY2022-Q1RestatedAnnual report
「During the cumulative first-quarter consolidated period, the Japanese economy was in an extremely difficult situation due to the impact of the COVID-19 pandemic.」
The disclosure continues to describe the severe economic impact of COVID-19. It also states that there have been no material changes to the risks relating to the business and other matters during the current quarter. - FY2021No impact on business operationsAnnual report
「The group's principal business, payroll processing, involves transactions with client companies on a continuing basis, in principle every month. During the current consolidated fiscal year, there were no events such as suspension of transactions related to COVID-19, and the business was not affected.」
Although the economic downside risk from COVID-19 continues to be described, the disclosure states that there were no events such as suspension of transactions during the current consolidated fiscal year and that the principal business was not affected. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, Japan's economy remained in a difficult situation due to the impact of COVID-19. Looking ahead, the economy is expected to continue showing signs of recovery, supported by the effects of various policies and improvements in overseas economies, but close attention must be paid to the risk that trends in infections in Japan and overseas and the impact of the spread of infections on socioeconomic activity could cause further downside in the domestic and overseas economies.」
The disclosure continues to describe the difficult economic conditions caused by COVID-19 and the risk that the spread of infections could cause downside in socioeconomic activity and the domestic and overseas economies. - FY2021-Q2MaterialisedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, Japan's economy remained in a difficult situation due to the impact of COVID-19.」
The impact of COVID-19 on the economy continues to be described as part of the economic conditions in the current quarter. - FY2021-Q1MaterialisedAnnual report
「During the cumulative first-quarter consolidated period, the Japanese economy was in an extremely difficult situation due to the impact of the COVID-19 pandemic.」
The impact of COVID-19 on the economy is described as part of the economic conditions in the current quarter, rather than as a future concern. - FY2020First statedAnnual report
「Japan's economy is expected to remain in a difficult situation due to the impact of COVID-19, and close attention must be paid to the risk that the pandemic could cause further downside in the domestic and overseas economies.」
The disclosure newly identifies downside risks to the domestic and overseas economies from COVID-19, as well as possible disruptions to business operations caused by delays in receiving information from client companies or infections within the group. It states that, as of the filing date, there had been no suspension of transactions or other disruptions to business operations.