Impact of COVID-19 on Business Continuity and Operating Performance
First written in FY2020. 6 of 15 entries say "Restated". Latest entry: FY2024.
Havix moved to the "Worse" side of this theme in 2021, 1 year after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 65 of 98 companies on the "Worse" side.
13 other companies' latest entry also says "Reframed".
- FY2024ReframedAnnual report
「If economic activity is restricted by the spread of an infectious or contagious disease, this could affect our group’s financial position and operating results through supply chain disruptions, factory shutdowns and lower demand resulting from a stagnation in business activity.」
The risk description has been broadened from risks centered on COVID-19 to general risks from infectious and contagious diseases affecting supply chains, operations and demand. - FY2024-Q3MitigatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, Japan's economy entered a recovery trend following the containment of COVID-19. However, the outlook remains uncertain due to the unstable global situation and downside risks to the economy from rising prices.」
It states that the economy entered a recovery trend as COVID-19 subsided and that the impact of the infection on economic activity eased from the previous fiscal year. However, uncertainty remains due to instability in the global situation and surging prices. - FY2024-Q2RestatedAnnual report
「During the first 6 months of the current fiscal year, Japan’s economy entered a recovery trend following the lifting of various restrictions related to COVID-19. However, the outlook remains unclear due to the weaker yen and downside risks to the economy from surging prices.」
This reconfirms that, although the economy entered a recovery trend following the lifting of restrictions related to COVID-19, the outlook remains unclear as downside risks from the weaker yen and surging prices persist. - FY2024-Q1MitigatedAnnual report
「During the first 3 months of the current fiscal year, Japan’s economy followed a gradual recovery trend, centered on personal consumption, as various restrictions related to COVID-19 were eased in stages. However, the outlook remains unclear due to the weaker yen and downside risks to the economy from surging prices.」
The staged easing of various restrictions related to COVID-19 has led to a gradual recovery trend centered on personal consumption, partially easing the impact of the infection on economic activity. At the same time, uncertainty caused by the weaker yen and surging prices persists. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, Japan's economy showed signs of normalization as restrictions on activity were eased. However, the situation remains uncertain due to soaring global energy and raw material prices, the rapid depreciation of the yen, and continuing instability in the international situation.」
While restrictions on activities related to COVID-19 are being eased and there are signs of economic normalization, this reconfirms that the post-pandemic business environment remains unclear due to higher energy and raw material costs, a weaker yen and increasing instability in international affairs. - FY2023-Q1Signs of recovery following the lifting of restrictions coexist with concerns about a renewed spread caused by new variantsAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, Japan's economy showed signs of recovery as various policies aimed at normalizing socioeconomic activity took effect following the lifting of priority preventive measures against the spread of COVID-19. However, the situation remains uncertain due to the renewed spread of infections from new variants, soaring global energy and raw material prices, increasing instability in the international situation, and the continuing depreciation of the yen.」
While the lifting of priority preventive measures and the normalization of social and economic activity led to signs of recovery, concerns were raised about a renewed spread of infections caused by new variants, indicating that infection-related risks have not improved consistently. - FY2022RestatedAnnual report
「COVID-19 continues to have a significant impact on daily life and economic activity. Under these circumstances, if infections spread further due to a new variant, this could affect the continuity of our group’s business.」
This reconfirms the risk that the infection could affect social and economic activity, and that a further spread caused by new variants could affect business continuity. - FY2022-Q3WorsenedAnnual report
「During the first 9 months of the current fiscal year, Japan’s economy showed signs of recovery as the number of new infections declined with the rising vaccination rate and restrictions on activities were eased. However, concerns about a renewed spread of infections due to the emergence of new variants have again left the outlook unclear.」
It states that, although there were signs of recovery due to the rising vaccination rate and easing of restrictions on activities, concerns about a renewed spread of infections caused by new variants have again left the outlook unclear. - FY2022-Q2RestatedAnnual report
「During the first 6 months of the current fiscal year, Japan’s economy remained uncertain, with states of emergency and priority preventive measures being implemented intermittently in some regions due to the renewed spread of COVID-19. Although economic activity has begun to resume as the domestic vaccination rate rises, uncertainty remains high and the economic outlook remains unclear.」
This reconfirms the coexistence of the renewed spread of the infection, intermittent implementation of states of emergency and other measures, and moves toward resuming economic activity amid high uncertainty. - FY2022-Q1WorsenedAnnual report
「During the first 3 months of the current fiscal year, Japan’s economy remained uncertain, with states of emergency and priority preventive measures being implemented intermittently in some regions due to the prolonged COVID-19 pandemic. While the effectiveness of vaccinations has raised expectations for the resumption of economic activity, the spread of highly infectious variants has also accelerated, making it impossible to foresee when the pandemic will end and leaving the economic outlook unclear.」
The prolonged pandemic, intermittent implementation of states of emergency and other measures, and the spread of highly infectious variants have left the outlook unclear, with no visibility on when the pandemic will end. - FY2021RestatedAnnual report
「The impact of COVID-19, which continues to spread worldwide, has extended to concerns about daily life and stagnation in economic activity, forcing us to operate without a clear path to resolution. Under these circumstances, if infections spread further, this could affect the continuity of our group’s business.」
This reconfirms the spread of COVID-19 as a major risk that could affect business continuity, the foodservice market, financial position and operating results. - FY2021-Q3WorsenedAnnual report
「During the first 9 months of the current fiscal year, Japan’s economy remained extremely challenging due to the rapid slowdown in social and economic activity caused by the spread of COVID-19. Economic activity gradually resumed in the second quarter and the economy showed signs of recovery, but infections began to spread again in the third quarter, and the outlook remains unclear.」
It states that, following a recovery as economic activity resumed in the second quarter, infections spread again in the third quarter and the outlook remains unclear. - FY2021-Q2RestatedAnnual report
「During the first 6 months of the current fiscal year, Japan’s economy remained extremely challenging due to the rapid slowdown in social and economic activity caused by the spread of COVID-19. Although the economy has recently shown gradual signs of recovery as economic activity has resumed in stages, uncertainty remains high and the outlook continues to be unclear.」
This reconfirms that, although the economy has shown signs of recovery following the gradual resumption of economic activity, the impact of COVID-19 and uncertainty about the outlook persist. - FY2021-Q1MaterialisedAnnual report
「The foodservice market served by the Group has been severely affected by the sharp decline in visitors to Japan, reduced operating hours, requests to close and other factors, and the uncertain outlook continues.」
The impact of the spread of COVID-19 on the foodservice market has materialized in the form of deteriorating performance, including a 19.0% decline in consolidated net sales and a 30.3% decline in ordinary profit. - FY2020First statedAnnual report
「The impact of COVID-19, which continues to spread worldwide, has extended to concerns about daily life and stagnation in economic activity, forcing us to operate without a clear path to resolution. Under these circumstances, if infections spread further, this could affect the continuity of our group’s business.」
The spread of COVID-19 is identified as a new major risk that could affect daily life, economic activity and the continuity of our group’s business.