Risk of Changes in Business Activities and Customer Needs Due to COVID-19
First written in FY2020. 3 of 12 entries say "Worsened", first in FY2021-Q3. Latest entry: FY2024.
MKSystem 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 2025: 7 of 24 companies on the "Worse" side.
7 other companies' latest entry also says "Softened".
- FY2024SoftenedAnnual report
「During the consolidated fiscal year under review, the Japanese economy recovered moderately as socioeconomic activity normalised following the reclassification of COVID-19 as a Category 5 infectious disease, among other factors.」
The disclosure describes the normalisation of socioeconomic activity and the economic recovery following the reclassification of COVID-19 as a Category 5 infectious disease, indicating that the previous concerns over prolongation and worsening have eased. - FY2024-Q3RestatedAnnual report
「During the third quarter of the fiscal year under review, the Japanese economy reached a point where business activity and personal consumption were gradually returning to normal as restrictions on activities related to COVID-19 were eased, raising expectations for an improvement in economic sentiment.」
The company continues to recognise that business activity and personal consumption are gradually returning to normal as restrictions on activities related to COVID-19 are eased. - FY2024-Q1SoftenedAnnual report
「During the first quarter of the fiscal year under review, the Japanese economy reached a point where business activity and personal consumption were gradually returning to normal as restrictions on activities related to COVID-19 were eased, raising expectations for an improvement in economic sentiment.」
The company stated that restrictions on activities had been eased and that business activity and other areas were gradually returning to normal with respect to COVID-19. - FY2023SoftenedAnnual report
「The COVID-19 situation is currently moving towards containment, but while monitoring developments, the Group will continue to enhance safety measures for stakeholders and prepare for unforeseen circumstances.」
The company's view of COVID-19 has changed from concerns over continued uncertainty and prolongation to the view that the situation is moving towards containment. However, the risk of an impact on results in the event of a resurgence remains. - FY2022RestatedAnnual report
「The timing of the containment of the global spread of COVID-19 remains uncertain, and if the business environment surrounding the Group becomes even more severe and prolonged, this may affect the Group's results.」
The impact on results if the business environment becomes even more severe and prolonged, while the timing of the containment of COVID-19 remains uncertain, continues to be disclosed. - FY2022-Q3WorsenedAnnual report
「During the first nine months of the fiscal year, Japan's economy was expected to recover as COVID-19 vaccinations were promoted, but the effects of the pandemic on the domestic and overseas economies remained uncertain due to new threats such as variants.」
The company states that, although there are expectations of a recovery driven by vaccinations, the impact of the infectious disease remains uncertain because of new threats such as variants. - FY2022-Q1RestatedAnnual report
「During the first quarter of the fiscal year under review, the Japanese economy remained in a difficult situation as the impact of COVID-19 persisted and a state of emergency was reimposed. Although the economy is expected to show signs of recovery as measures to prevent the spread of infection are implemented and vaccination is promoted, the impact of infection trends on the domestic and overseas economies remains uncertain.」
The company continues to recognise that the impact of COVID-19 has not abated, while the reimposition of a state of emergency and uncertainty about the outlook persist. - FY2021Continued concern over a prolonged pandemicAnnual report
「The timing of the end of the global COVID-19 pandemic remains uncertain, and if the business environment surrounding the Group becomes even more severe or prolonged, this may affect the Group's business performance.」
The impact on results if the business environment becomes even more severe and prolonged, while the timing of the containment of the infectious disease remains uncertain, continues to be disclosed as a risk. - FY2021-Q3WorsenedAnnual report
「There is still no clear prospect of the COVID-19 pandemic coming to an end, raising concerns that restrictions on economic activity may continue for an extended period.」
The company reported concerns that the COVID-19 pandemic has no clear end in sight and that restrictions on economic activity may continue for an extended period. - FY2021-Q2MaterialisedAnnual report
「During the second quarter of the current consolidated cumulative period, certified social insurance and labor consultants were busy responding to the use of leave compensation, employment adjustment subsidies and other measures following requests for companies to refrain from conducting business, while in the general corporate market, business negotiations and implementation work were delayed because customers' human resources personnel and decision-makers were busy. In addition, the specialist human capital solutions event "Human Capital2020," which the company exhibited at annually and which generated inquiries from many companies, was cancelled because of the spread of COVID-19. Seminars hosted by the company were also forced to cancel their in-person sessions, restricting face-to-face sales activities.」
The spread of COVID-19 in fact caused delays in business negotiations and implementation work because customers were busy, the cancellation of specialist events and in-person seminars, and restrictions on face-to-face sales activities. - FY2021-Q1MaterialisedAnnual report
「During the first quarter of the current consolidated cumulative period, certified social insurance and labor consultants were busy responding to the use of leave compensation, employment adjustment subsidies and other measures following requests for companies to refrain from conducting business, while in the general corporate market, business negotiations and implementation work were delayed because customers' human resources personnel and decision-makers were busy.」
Business negotiations and implementation work were in fact delayed because customers were busy and sales activities were restricted amid the spread of COVID-19. - FY2020First statedAnnual report
「If the spread of the infection leads to another declaration of a state of emergency in Japan, restrictions on going out or other measures, the Group's business activities may be temporarily suspended or may not progress as planned. In addition, if the Group is unable to provide appropriate services in response to changes in customer needs and values, including ways of working, in the post-COVID and with-COVID environment, this may affect the Group's business performance.」
The company identified as a new risk the potential impact on performance from temporary suspension of business activities or failure to meet plans, and inadequate responses to changes in ways of working and customer needs, following the spread of COVID-19.