Sharp Demand Decline from COVID-19 and Its Impact on Business Performance
First written in FY2021-Q1. 4 of 11 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 112 of 175 companies on the "Worse" side.
55 other companies' latest entry also says "Dropped".
- FY2026DroppedAnnual report
「(Particularly significant risks)」
The risk of a sharp decline in demand due to COVID-19, which had been disclosed in the past, is not included in the list of major risks for the current fiscal year. - FY2023RestatedAnnual report
「The spread of COVID-19 may affect the group’s business performance and other matters.」
The impact of COVID-19 and the review of the infectious disease BCP continue to be disclosed as risks. - FY2023-Q3RestatedAnnual report
「Although the economy is expected to recover as the transition to a new phase of living with COVID-19 progresses, supported by the effects of various policies, concerns remain over the prolonged situation in Ukraine, surging raw material and fuel prices, volatility in the financial and capital markets, and other factors, and the outlook remains uncertain.」
While indicating a transition to a new phase of living with COVID-19 and expectations for an economic recovery, the disclosure states that uncertainty over the outlook continues. - FY2023-Q2MitigatedAnnual report
「During the second quarter of the fiscal year, Japan's economy was expected to recover as the transition to a new phase of living with COVID-19 progressed, supported by the effects of various policies. However, concerns over the prolonged situation in Ukraine, soaring raw material and fuel prices, and volatility in financial and capital markets meant that the outlook remained unclear.」
The disclosure indicates expectations for an economic recovery as the transition to a new phase of living with COVID-19 progresses and policy effects emerge, describing the impact of the sharp decline in demand due to COVID-19 as partly mitigated. However, uncertainty over the outlook remains. - FY2023-Q1MitigatedAnnual report
「Although the economy is expected to recover as measures to prevent infection are implemented and economic and social activity normalizes, supported by the effects of various policies,」
The disclosure describes the implementation of infection-control measures and progress toward normalization of economic and social activity, indicating that the impact on demand, which declined sharply in the previous fiscal year, has eased in part. - FY2022MitigatedAnnual report
「Demand across the industry declined sharply in the previous fiscal year due to COVID-19, but signs of recovery emerged during the current fiscal year, with sales volumes of printing paper and white-coated board increasing.」
Conditions shifted from a sharp decline in demand due to COVID-19 to a recovery accompanied by increased sales volumes of printing paper and white-coated board. However, it is not stated that the impact has been completely eliminated. - FY2022-Q3WorsenedAnnual report
「However, the outlook for the economy remains uncertain due to the resurgence of COVID-19.」
While demand is showing signs of recovery, the resurgence of COVID-19 has again highlighted uncertainty over the economic outlook. - FY2022-Q1MitigatedAnnual report
「In our Group, industry-wide demand fell sharply the previous year due to the COVID-19 pandemic, but began to recover during the current year, with sales volumes increasing particularly for printing paper and white-coated paper,」
Conditions have shifted from a sharp decline in demand due to COVID-19 to a recovery accompanied by increased sales volumes of printing paper and white-coated board. However, it is stated that the economy has not recovered to pre-pandemic levels. - FY2021-Q3RestatedAnnual report
「Due to the impact of COVID-19, demand for paper products and pulp has declined rapidly both in Japan and overseas, causing a particularly serious impact on business performance for printing and information paper and pulp, the group’s main products. Although it is difficult to accurately predict the future spread of COVID-19 or when it will subside, the group assumes that the impact will continue for a certain period of the current consolidated fiscal year.」
The sharp decline in domestic and overseas demand for paper products and pulp, and the accounting assumption that the impact will continue for a certain period of the current consolidated fiscal year, continue to be disclosed. - FY2021-Q2RestatedAnnual report
「Due to the impact of COVID-19, demand for paper products and pulp has declined rapidly both in Japan and overseas, causing a particularly serious impact on business performance for printing and information paper and pulp, the group’s main products. Although it is difficult to accurately predict the future spread of COVID-19 or when it will subside, the group assumes that the impact will continue for a certain period of the current consolidated fiscal year.」
The sharp decline in domestic and overseas demand for paper products and pulp, and the accounting assumption that the impact will continue for a certain period of the current consolidated fiscal year, continue to be disclosed. - FY2021-Q1MaterialisedAnnual report
「Demand for paper products and pulp in Japan and overseas has declined rapidly due to the impact of COVID-19, with particularly serious effects on printing and information paper and pulp, our Group’s core products. This has affected results, including through downward revisions to our initial plan. Although it is difficult to accurately predict the future spread of COVID-19 or when it will subside, the Group assumes that the impact will continue for a certain period of the consolidated fiscal year.」
The sharp decline in demand for paper products and pulp due to COVID-19 has resulted in lower revenue and operating losses, and the Group assumes that the impact will continue for part of the fiscal year.