Impact of the Spread of COVID-19 on Sales Activities and IT Investment
First written in FY2020-Q3. 4 of 11 entries say "Mitigated", first in FY2021-Q1. Latest entry: FY2023.
4 other companies' latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「In the current consolidated fiscal year, from 1 July 2022 to 30 June 2023, the domestic economy showed a gradual recovery as COVID-19 was reclassified to a category equivalent to Class 5.」
The Company stated that the domestic economy showed a gradual recovery as COVID-19 was reclassified to a category equivalent to Class 5, easing its impact on businesses, including face-to-face sales. - FY2023-Q1MitigatedAnnual report
「Because Rakuichi, a small-business operations and management support system manufactured by CASIO COMPUTER CO.,LTD., is primarily sold face to face, it was affected by the COVID-19 pandemic through the previous year. As the impact of the pandemic eased, revenue and segment profit increased substantially from the previous year.」
The Company stated that the impact of COVID-19 on sales activities and selling had eased, and that revenue and profit in the systems sales business had recovered. - FY2022-Q3RestatedAnnual report
「Although telework continued to account for most of the operations of both the business solutions business and the embedded solutions business, the Company was able to keep the impact within a range that did not materially affect the businesses.」
The Company continues to operate primarily through telework and stated that it has kept the impact of changes in the operating environment caused by COVID-19 within a range that does not materially affect the businesses. - FY2022-Q2RestatedAnnual report
「Although telework continued to account for most of the operations of both the business solutions business and the embedded solutions business, the Company was able to keep the impact within a range that did not materially affect the businesses.」
The Company continues to operate primarily through telework and stated that it has kept the impact of changes in the operating environment caused by COVID-19 within a range that does not materially affect the businesses. - FY2022-Q1RestatedAnnual report
「Although telework continued to account for most of the operations of both the business solutions business and the embedded solutions business, the Company was able to keep the impact within a range that did not affect the businesses.」
The Company continues to operate primarily through telework and stated that it has kept the impact of changes in the operating environment caused by COVID-19 within a range that does not affect the businesses. - FY2021Measures to offset the impact through customer and market expansionAnnual report
「Meanwhile, the shift toward online forms of various lifestyles in the new normal, including telework, healthcare, shopping, education and entertainment, is advancing rapidly, and demand for the IT and digital infrastructure supporting these activities is expected to increase further. The Company also has many customers in industries such as pharmaceuticals, telecommunications and the public sector that have been relatively less affected by COVID-19, reflecting its strength in a broad customer base. In addition, demand for operational support has increased as companies have adopted telework and other major changes in the operating environment. The Company will work to minimize the impact of COVID-19 by expanding business with these customers and in these areas to offset the negative effects.」
To address the risk of IT budget cuts caused by COVID-19, the Company has set out specific plans to offset the impact by expanding business driven by demand for online services, with customers in the relatively less affected pharmaceutical, telecommunications and public sectors, and in operational support. - FY2021-Q3RestatedAnnual report
「Although telework accounted for most of the operations of both the business solutions business and the embedded solutions business, the Company was able to limit the impact of the changes in the operating environment, which it had initially feared, to a level that did not affect the businesses.」
The Company continues to operate primarily through telework and maintains that it has kept the impact of the initially feared changes in the operating environment within a range that does not affect the businesses. - FY2021-Q2MitigatedAnnual report
「Although telework accounted for most of the operations of both the business solutions business and the embedded solutions business, the Company was able to limit the impact of the changes in the operating environment, which it had initially feared, to a level that did not affect the businesses.」
The Company operated primarily through telework and stated that it kept the impact of the initially feared changes in the operating environment within a range that did not affect the businesses. - FY2021-Q1MitigatedAnnual report
「The impact of COVID-19 on the Company's results has been limited, and the Company will disclose revisions to its earnings forecasts as necessary.」
While viewing the impact of COVID-19 on its results as limited, the Company stated that it would revise its earnings forecasts as necessary. - FY2020MaterialisedAnnual report
「The Company's own-product business exceeded the previous year for the full fiscal year as a result of its product and sales strategies to date, but business meetings almost came to a halt from March to May because of the impact of COVID-19, creating a difficult situation.」
The Company stated that business meetings almost came to a halt from March to May as COVID-19 spread, resulting in an actual impact on sales activities. - FY2020-Q3First statedAnnual report
「Although the medium- to long-term trend of expanding domestic IT investment is expected to remain unchanged, the spread of COVID-19 may affect the Company's results. The extent of the impact will depend on the time required to contain the infection, but possible effects include delays in sales activities and restrained IT investment as the performance of customer companies deteriorates.」
The Company identified as a new risk the possibility that the spread of COVID-19 could affect its results through stagnation in sales activities and restrained IT investment resulting from deteriorating customer performance.