Company-wide slowdown in business activity due to COVID-19
First written in FY2021-Q1. 5 of 14 entries say "Mitigated", first in FY2023. Latest entry: FY2024.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024MitigatedAnnual report
「During the consolidated fiscal year, Japan's social and economic activity gradually normalised as COVID-19 was reclassified as a Class 5 disease under the Infectious Diseases Control Law and restrictions on activity and entry restrictions for visitors from overseas were eased, leading to a recovery in inbound demand.」
Regarding the company-wide stagnation caused by COVID-19, normalisation progressed through the reclassification as a Class 5 disease, the easing of restrictions on activity and entry restrictions, and the recovery in inbound demand. - FY2024-Q3MitigatedAnnual report
「During the third quarter cumulative consolidated period, Japan's economy remained on a gradual recovery trend, as consumer purchasing behaviour began to return to pre-pandemic conditions, inbound demand recovered, and employment and income conditions showed signs of improvement.」
Regarding the company-wide stagnation caused by COVID-19, consumer behaviour began returning to pre-pandemic conditions, while inbound demand and employment and income conditions also showed signs of improvement. - FY2024-Q2MitigatedAnnual report
「During the second quarter cumulative consolidated period from 1 February 2023 to 31 July 2023, Japan's economy moved toward a gradual recovery as restrictions on activity were eased further and economic activity gained momentum after COVID-19 was reclassified as a Class 5 disease under the Infectious Diseases Control Law.」
The reclassification of COVID-19 as a Class 5 disease and the easing of restrictions on activity supported increased economic activity and a gradual recovery. - FY2024-Q1MitigatedAnnual report
「During the first quarter cumulative consolidated period from 1 February 2023 to 30 April 2023, Japan's social and economic activity gradually normalised as COVID-19 subsided and restrictions on activity were eased in stages, with personal consumption on travel and dining out showing a gradual recovery.」
As COVID-19 subsided and restrictions were eased in stages, consumption on travel and dining out and social and economic activity gradually normalised. - FY2023MitigatedAnnual report
「During the consolidated fiscal year, Japan's economy remained affected by COVID-19, but consumption activity gradually normalised as the social environment adapted to living with COVID-19 was put in place.」
The company states that, although the impact of COVID-19 remained, consumption activity gradually normalised as the social environment adapted to living with COVID-19 was established. - FY2023-Q2Easing of restrictions alongside concerns over a resurgence in infectionsAnnual report
「During the second quarter cumulative consolidated period from 1 February 2022 to 31 July 2022, the easing of COVID-19 restrictions increased the movement of people in Japan, and personal consumption showed signs of recovery. However, the outlook remained uncertain amid concerns over the rapid spread of infections in Japan, soaring resource prices and the weaker yen due to the situation in Ukraine, and sluggish personal consumption caused by higher prices.」
While easing restrictions led to increased movement of people and a recovery in personal consumption, concerns over a resurgence in infections, soaring resource prices, the weaker yen and higher prices persisted. - FY2022SoftenedAnnual report
「The company expects these conditions to continue until around summer 2022, followed by a gradual recovery in the economy. It will pursue proactive measures, including reviewing its services, but trends in the global economy may affect the Group's operating results and financial position.」
The company indicates that the expected duration of the economic impact of COVID-19 has been extended from throughout the fiscal year ending January 2022 to around summer 2022, followed by an expected recovery. - FY2022-Q3WorsenedAnnual report
「Since the third quarter, domestic travel demand has shown signs of a gradual recovery, partly due to the progress of vaccinations. Overseas travel demand, however, remains in a situation where the timing of a clear resolution cannot yet be determined. Based on the assumption that these conditions will continue throughout the fiscal year ending January 2022, followed by a gradual recovery, the Group has made its accounting estimates.」
While domestic travel demand has shown signs of recovery, the timing of a resolution for overseas demand remains unclear, extending the assumed period of difficult conditions through the fiscal year ending January 2022. - FY2022-Q2WorsenedAnnual report
「Domestic and international travel demand has declined sharply due to the spread of COVID-19, as countries around the world have imposed entry restrictions and people in Japan have refrained from going out. Based on the assumption that these conditions will continue through the third quarter of the fiscal year ending January 2022, followed by a gradual recovery, the Group has made its accounting estimates.」
The assumed period of sharply reduced travel demand has been extended from lasting through the second quarter of the fiscal year ending January 2022 to lasting through the third quarter. - FY2022-Q1WorsenedAnnual report
「Domestic and international travel demand has declined sharply due to the spread of COVID-19, as countries around the world have imposed entry restrictions and people in Japan have refrained from going out. Based on the assumption that these conditions will continue through the second quarter of the fiscal year ending January 2022, followed by a gradual recovery, the Group has made its accounting estimates.」
The assumed period of sharply reduced travel demand has been extended from the previous outlook of lasting until around summer 2021 to lasting through the second quarter of the fiscal year ending January 2022. - FY2021Assumed duration of the impact and timing of recoveryAnnual report
「The company expects these conditions to continue until around summer 2021, followed by a gradual recovery in the economy. It will pursue proactive measures, including reviewing its services, but trends in the global economy may affect the Group's operating results and financial position.」
The company indicates that the economic impact of COVID-19 is expected to continue until around summer 2021, followed by a gradual recovery. - FY2021-Q3RestatedAnnual report
「During the third quarter cumulative consolidated period, Japan's economy remained in a difficult situation due to the spread of COVID-19. While there were positive signs, including the gradual reopening of economic activity and the Nikkei Stock Average recovering to its pre-pandemic level, personal consumption and capital investment were declining, leaving the economic outlook uncertain.」
The company describes the reopening of economic activity and the recovery in share prices, while stating that the decline in personal consumption and capital investment and the difficult economic environment caused by COVID-19 continue. - FY2021-Q2RestatedAnnual report
「During the second quarter cumulative consolidated period from 1 February 2020 to 31 July 2020, Japan's economy deteriorated rapidly as the spread of COVID-19 led to restrictions on economic and social activity across a wide range of industries, including the declaration of a state of emergency from 7 April 2020 to 25 May 2020. Personal consumption and exports fell sharply, while employment conditions and capital investment also weakened.」
The state of emergency, restrictions on economic and social activity, and declines in personal consumption and exports caused by COVID-19 continued during the quarter. - FY2021-Q1MaterialisedAnnual report
「During the first quarter cumulative consolidated period from 1 February 2020 to 30 April 2020, Japan's economy experienced a significant slowdown in economic activity as the COVID-19 pandemic led to restrictions on people's movement and the closure of stores.」
Restrictions on movement, store closures and the stagnation of economic activity caused by COVID-19 actually occurred as the business environment during the quarter.