Impact of the spread of COVID-19 on business activities and operating performance
First written in FY2020. 5 of 8 entries say "Restated". Latest entry: FY2023-Q3.
Ubicom Holdings moved to the "Worse" side of this theme in 2023, 3 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 62 of 94 companies on the "Worse" side.
12 other companies' latest entry also says "Reframed".
- FY2023-Q3ReframedAnnual report
「During the first nine months of the consolidated fiscal year under review, economic activity gradually resumed as COVID-19-related restrictions were eased amid progress in nationwide vaccinations. However, the economic outlook in Japan and overseas remains uncertain due to rising prices and supply-side constraints resulting from the prolonged Russia-Ukraine situation, as well as the depreciation of the yen against a backdrop of global monetary tightening.」
While describing the easing of COVID-19-related restrictions on activities and the resumption of economic activity, the disclosure characterized post-pandemic external environment risks as uncertainty including rising prices, supply constraints, monetary tightening and yen depreciation. - FY2023-Q2RestatedAnnual report
「During the six months ended the second quarter, Japan’s economy gradually resumed the economic activity seen before the pandemic, despite the prolonged impact of the spread of COVID-19.」
The disclosure described the prolonged impact of COVID-19 and the gradual resumption of economic activity. There was no material change in the positioning of infectious-disease-related business environment risks. - FY2022-Q3RestatedAnnual report
「Amid growth in sales to existing major customers and increased orders for advanced new solutions, we prioritized the lives and safety of our employees and were able to minimize the costs of various measures implemented, the impact of travel restrictions resulting from the spread of new variants, and the impact associated with disaster response in the Philippines.」
The disclosure described the impact of travel restrictions resulting from the spread of variants, as well as safety measures and disaster-response activities, while continuing to explain that the impact was limited to a minimum through orders from major customers and other factors. - FY2022-Q2RestatedAnnual report
「In addition to growth in sales to existing major customers resulting from these circumstances, increased orders for highly profitable, advanced new solutions absorbed costs related to various measures implemented with the safety and lives of employees as the top priority, as well as increased expenses associated with the transition to a remote development structure, including enhanced security. As a result, the impact of COVID-19 was limited to a minimum.」
The Company continued to explain that costs associated with employee safety measures, enhanced security and the transition to a remote development structure were absorbed, limiting the impact of COVID-19 to a minimum. - FY2022-Q1RestatedAnnual report
「During the first quarter of the fiscal year, Japan’s economy remained in a difficult situation as the impact of COVID-19 continued for an extended period. Although vaccinations progressed in Japan and an early recovery in economic activity was expected, the outlook for containing infections in Japan and overseas remained unclear, and uncertainty about the future continued.」
The prolonged impact of COVID-19 and the uncertain outlook for containing infections continued to be disclosed. - FY2021-Q2RestatedAnnual report
「In addition to growth in sales to existing major customers resulting from these circumstances, increased orders for highly profitable, advanced new solutions absorbed costs related to various measures implemented with the safety and lives of employees as the top priority, including the cost of medium-sized vehicles to transport commuting employees in the Philippines, as well as increased expenses associated with the transition to a remote development structure. As a result, the impact of COVID-19 was limited to a minimum.」
The Company continued to explain that costs associated with employee safety measures and the transition to a remote development structure were absorbed, limiting the impact of COVID-19 on operating performance to a minimum. - FY2021-Q1MitigatedAnnual report
「The impact of COVID-19 on the Group’s consolidated results for the fiscal year was limited to a minimum through implementation of the Company’s business continuity plan, and there is currently no material impact. However, if the spread of infections continues and economic activity remains stagnant for an extended period, it may affect the Company’s business development, including trends among its customers, so the Company will continue to monitor developments closely.」
The impact of COVID-19 on operating performance was limited to a minimum through implementation of the business continuity plan, and there is currently no material impact. The possibility of future effects from a prolonged spread of infections remains. - FY2020First statedAnnual report
「If the global spread of COVID-19 disrupts the development structure or sales activities related to the business activities of the Group, or if infections such as COVID-19, influenza and norovirus spread among Group employees, this may affect the Group’s operating performance, financial position and other matters.」
The spread of COVID-19 and other infections was newly identified as a risk that could disrupt development and sales activities, employee operations and work, and affect operating performance and financial position.