Risk of changes in business activity, demand and customer needs due to COVID-19
First written in FY2020. 4 of 7 entries say "Restated". Latest entry: FY2022-Q3.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2022-Q3RestatedAnnual report
「The spread of COVID-19 is an event with a broad impact on the economy and corporate activities. Although it is difficult at present to predict its impact on the group or when the outbreak will subside, based on information from partners, customer companies and other external sources, the company has made accounting estimates for software and software under development for the consolidated fiscal year ending March 2022 on the assumption that the impact of the outbreak would continue for a certain period during that fiscal year. There have been no material changes in the assumptions underlying these accounting estimates from the previous consolidated fiscal year.」
The company continues to make accounting estimates for software and other items based on the assumption that the impact of COVID-19 would continue for a certain period during the fiscal year ending March 2022, and states that there have been no material changes in the assumptions. - FY2022-Q2RestatedAnnual report
「The spread of COVID-19 is an event with a broad impact on the economy and corporate activities. Although it is difficult at present to predict its impact on the group or when the outbreak will subside, based on information from partners, customer companies and other external sources, the company has made accounting estimates for software and software under development for the consolidated fiscal year ending March 2022 on the assumption that the impact of the outbreak would continue for a certain period during that fiscal year. There have been no material changes in the assumptions underlying these accounting estimates from the previous consolidated fiscal year.」
The company continues to make accounting estimates based on the assumption that the impact of COVID-19 would continue for a certain period during the fiscal year ending March 2022, and states that there have been no material changes in the assumptions. - FY2022-Q1ReframedAnnual report
「The spread of COVID-19 is an event with a broad impact on the economy and corporate activities. Although it is difficult at present to predict its impact on the group or when the outbreak will subside, based on information from partners, customer companies and other external sources, the company has made accounting estimates for software and software under development for the consolidated fiscal year ending March 2022 on the assumption that the impact of the outbreak would continue for a certain period during that fiscal year. There have been no material changes in the assumptions underlying these accounting estimates from the previous consolidated fiscal year.」
The company has made accounting estimates for software and software under development based on the assumption that the impact of COVID-19 would continue for a certain period during the fiscal year ending March 2022. It states that there have been no material changes in the assumptions from the previous consolidated fiscal year. - FY2021-Q3MaterialisedAnnual report
「Although business activity during the cumulative third quarter of the current consolidated fiscal year showed signs of gradually recovering, sales activities contributing to current-period revenue did not progress as planned. The business remained in a difficult situation because of lower sales due to the spread of COVID-19 and lower profit resulting from unprofitable projects.」
The company has stated that lower sales due to the spread of COVID-19 and lower profit resulting from unprofitable projects were reflected in actual business activity and results. - FY2021-Q2RestatedAnnual report
「The spread of COVID-19 is an event with a broad impact on the economy and corporate activities. Although it is difficult at present to predict its impact on the group or when the outbreak will subside, based on information from partners, customer companies and other external sources, the company has made accounting estimates for software and software under development for the consolidated fiscal year ending March 2021 on the assumption that the impact of the outbreak would continue for a certain period during that fiscal year. There have been no material changes in the assumptions underlying these accounting estimates from the previous consolidated fiscal year.」
The company continues to make accounting estimates for software and other items based on the assumption that the impact of COVID-19 would continue for a certain period during the fiscal year ending March 2021, and has stated that there have been no material changes in the assumptions. - FY2021-Q1RestatedAnnual report
「The spread of COVID-19 is an event with a broad impact on the economy and corporate activities. Although it is difficult at present to predict its impact on the group or when the outbreak will subside, based on information from partners, customer companies and other external sources, the company has made accounting estimates for software and software under development for the consolidated fiscal year ending March 2021 on the assumption that the impact of the outbreak would continue for a certain period during that fiscal year.」
The company has stated that it made accounting estimates for software and other items based on the assumption that the impact of COVID-19 would continue for a certain period during the fiscal year ending March 2021. - FY2020First statedAnnual report
「If the spread of the infection leads countries to impose lockdowns, restrictions on movement or similar measures, the group's business activities may be temporarily suspended or may fail to progress as planned. The resulting impact on the global economy may reduce demand for the group's products and services and materially affect its results. In addition, if the group is unable to provide appropriate services in response to changes in customers' needs and values, including changes in ways of working after or during the COVID-19 pandemic, its results may be affected.」
The company has newly disclosed COVID-19 as a separate risk, including business suspensions caused by lockdowns and restrictions on movement, lower demand for products and services, and failure to respond to changes in working practices and customer needs. Each impact is described as a possibility.