Business Risks from the Spread of COVID-19
First written in FY2020. 3 of 7 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2020: 112 of 175 companies on the "Worse" side.
56 other companies' latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「The impact of COVID-19 on the domestic economy is easing and economic activity is recovering, but uncertainty about the outlook persists because of instability in global affairs resulting from Russia's invasion of Ukraine and rising prices.」
The description has changed to state that the economic impact of COVID-19 is easing and economic activity is recovering. At the same time, new external uncertainties have been identified. - FY2022-Q3RestatedAnnual report
「Regarding the risks associated with COVID-19, the impact on our business is currently limited, but if infections spread and the domestic economy deteriorates further, our business may be materially affected. We will therefore continue to monitor the situation closely.」
While stating that the current impact of COVID-19 is limited, the company continues to describe the possibility of a material impact from the spread of infection and deterioration in the domestic economy. - FY2022-Q2RestatedAnnual report
「Regarding the risks associated with COVID-19, the impact on our business is currently limited, but if infections spread again and the domestic economy deteriorates further, our business may be materially affected. We will therefore continue to monitor the situation closely.」
While stating that the current impact of COVID-19 is limited, the company continues to describe the possibility of a material impact if infections spread again and the domestic economy deteriorates. - FY2022-Q1MitigatedAnnual report
「While the negative impact of COVID-19 is easing, the IT industry is benefiting from favorable conditions driven by the promotion of digital transformation in Japan.」
The company states that the negative impact of COVID-19 on the business has eased, indicating an improvement from its previous risk assessment centered on declining purchasing activity and delayed decision-making. - FY2021-Q2RestatedAnnual report
「Regarding the risks associated with COVID-19, the impact on our business is currently limited, but if infections spread again and the domestic economy deteriorates further, our business may be materially affected. We will therefore continue to monitor the situation closely.」
While stating that the impact on the business is currently limited, the company continues to describe the possibility of a material impact if infections spread again and the domestic economy deteriorates. - FY2021-Q1MaterialisedAnnual report
「As of the date of submission of the quarterly report, the impact on our business is limited, but negative effects from declining corporate purchasing activity and delayed decision-making have begun to emerge. If COVID-19 spreads again and the domestic economy deteriorates further, our business may be materially affected.」
The company states that the effects of declining purchasing activity and delayed decision-making caused by COVID-19 have begun to emerge. The possibility of a material impact if infections spread again remains a stated risk. - FY2020First statedAnnual report
「However, if an employee of the company or an employee of a partner company becomes infected, business performance may be affected by delays in projects under development. If it takes a long time for the spread of the infection to subside, new orders may decline as domestic companies' performance deteriorates and economic conditions weaken, leading to reduced IT investment, which may affect the company's performance.」
The company has identified delays in development projects caused by infections and the resulting deterioration in corporate performance, restraint on IT investment, and decline in new orders if the spread of infection is prolonged as new business risks.