Business and Financial Impact of the Spread of COVID-19
First written in FY2020. 5 of 13 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2024.
Ohishi Sangyo 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 2020: 119 of 169 companies on the "Worse" side.
45 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「If infections such as COVID-19, influenza, or norovirus spread among employees of the Group, the Group's operating results and financial condition may be affected, including through temporary suspension of operations.」
The possibility of operational suspensions and impacts on operating results due to the spread of infections such as COVID-19 continues to be disclosed. - FY2024-Q1SoftenedAnnual report
「During the first quarter cumulative consolidated period, the Japanese economy continued on a gradual recovery path, as personal consumption and corporate earnings also showed signs of recovery following the lifting of restrictions on activities related to COVID-19.」
The filing describes the lifting of activity restrictions and a recovery in personal consumption and corporate earnings, weakening the previous language indicating adverse effects on the business environment from activity restrictions. - FY2023-Q3RestatedAnnual report
「Going forward, the economy is expected to recover gradually alongside falling crude oil prices and a recovery in human mobility, but the outlook remains uncertain due to the possible resurgence of COVID-19 and the protracted situation in Ukraine, among other factors.」
While continuing to disclose concerns about a resurgence of COVID-19, the filing also indicates an economic recovery through coexistence with and overcoming the infectious disease and a recovery in human mobility. - FY2023-Q1RestatedAnnual report
「During the first quarter of the consolidated fiscal year under review, the Japanese economy faced surging crude oil prices due to the situation in Ukraine and China's restrictions on economic activity, as well as a prolonged semiconductor shortage. However, as coexistence with and efforts to overcome COVID-19 progressed, corporate earnings, production, and capital investment showed signs of recovery. Going forward, the outlook remains uncertain amid concerns about a prolonged situation in Ukraine and a renewed spread of COVID-19, as well as rising raw material and fuel prices and further depreciation of the yen.」
Although signs of recovery have emerged through coexistence with and overcoming the infectious disease, concerns about another resurgence remain, and uncertainty in the business environment, including the infectious disease, continues. - FY2022RestatedAnnual report
「During the consolidated fiscal year, the Japanese economy saw intermittent cycles of COVID-19 infections spreading and subsiding, while signs of recovery were seen in production and capital investment, and corporate earnings also improved.」
The filing continues to describe a business environment in which COVID-19 infections spread and subside intermittently, while also indicating a recovery in production, capital investment, and corporate earnings. - FY2022-Q3WorsenedAnnual report
「Looking ahead, the outlook remains uncertain due to the rapid spread of the sixth wave driven by the Omicron variant, the ongoing depreciation of the yen and rising global crude oil prices, among other factors.」
The filing explicitly refers to the rapid spread of infections in a sixth wave driven by the Omicron variant, expressing heightened uncertainty in the business environment surrounding the infectious disease. - FY2022-Q2RestatedAnnual report
「During the second quarter cumulative consolidated period, the Japanese economy remained in a difficult situation due to the impact of COVID-19, although signs of recovery were seen in production and capital investment. Personal consumption is expected to continue recovering following the lifting of the state of emergency, but the outlook remains uncertain due to concerns about a sixth wave, the ongoing depreciation of the yen, and rising global crude oil prices.」
While the impact of COVID-19 continues, expectations for a recovery in personal consumption and concerns about a sixth wave are presented together, and the continued uncertainty in the business environment related to the infectious disease is disclosed. - FY2022-Q1MaterialisedAnnual report
「In the heavy-duty bags business, domestic revenue increased due to the recovery in demand for synthetic resin and chemical applications, which had declined last year due to the COVID-19 pandemic. Overseas revenue declined due to lower demand for synthetic resin and chemical applications resulting from the spread of the pandemic, as well as a difference in accounting periods arising from the transfer of the overseas heavy-duty bags business to a subsidiary, which reduced revenue by ¥319 million year on year. Revenue in the heavy-duty bags business was ¥1,214 million, down 17.3% year on year.」
Lower overseas demand due to the spread of COVID-19 continues to result in an actual decline in revenue in the overseas heavy-duty packaging bag segment. - FY2021MaterialisedAnnual report
「In the heavy-duty bags business, domestic revenue declined in synthetic resin and chemical applications due to the impact of the COVID-19 pandemic, but increased due to sales from 柳沢製袋株式会社, which became a consolidated subsidiary in the second quarter of the previous year. Overseas revenue declined due to the Malaysian government's movement control order issued in response to the pandemic, as well as lower demand for synthetic resin and chemical applications. Revenue in the heavy-duty bags business was ¥5,673 million, down 7.8% from the previous fiscal year.」
Lower domestic and overseas demand due to COVID-19 and movement restrictions in Malaysia are reflected in the full-year results as lower revenue in the heavy-duty packaging bag segment. - FY2021-Q3MaterialisedAnnual report
「In the heavy-duty bags business, domestic revenue declined in synthetic resin and chemical applications due to the impact of the COVID-19 pandemic. Overseas revenue also declined due to the Malaysian government's movement control order issued in response to the pandemic, as well as lower demand for synthetic resin and chemical applications. Revenue in the heavy-duty bags business was ¥4,244 million, down 8.3% year on year.」
Lower domestic and overseas demand associated with COVID-19 and movement control orders in Malaysia continue to result in an actual decline in revenue in the heavy-duty packaging bag segment. - FY2021-Q2MaterialisedAnnual report
「In the heavy-duty packaging bag segment, overseas revenue declined due to the impact of movement control orders issued by the Malaysian government in connection with COVID-19, as well as lower demand for synthetic resins and chemicals. Domestic revenue from synthetic resins and chemicals also declined because of the impact of COVID-19, resulting in segment revenue of ¥2,828 million, down 6.0% year on year.」
Movement control orders issued by the Malaysian government in connection with COVID-19 and lower domestic and overseas demand have resulted in an actual decline in revenue in the heavy-duty packaging bag segment. - FY2021-Q1MaterialisedAnnual report
「In the heavy-duty packaging bag segment, overseas revenue declined partly because operations were suspended due to the impact of COVID-19.」
The overseas business experienced actual operational suspensions and lower revenue due to the impact of COVID-19, demonstrating in business results the infectious disease risk disclosed in the previous fiscal year. - FY2020First statedAnnual report
「If infections such as COVID-19, influenza, or norovirus spread among employees of the Group, the Group's operating results and financial condition may be affected, including through temporary suspension of operations. In particular, with respect to COVID-19, which has recently spread worldwide,」
Following the global spread of COVID-19, the possibility of operational suspensions due to employee infections and impacts on operating results and financial condition was disclosed for the first time as a standalone risk. The impact on results for the consolidated fiscal year was described as minor.