Impact of COVID-19 on the Economy and Business Performance
First written in FY2020. 8 of 15 entries say "Softened", first in FY2022-Q2. Latest entry: FY2024.
Ohmura Shigyo moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
20 other companies' latest entry also says "Softened".
- FY2024Described the normalization of economic activity following the transition to Category VAnnual report
「During the fiscal year under review, Japan's economy continued to recover moderately as economic activity normalized after COVID-19 was reclassified under the legal framework as a Category V infectious disease.」
The disclosure indicates that economic activity was normalizing and the economy was recovering following the reclassification of COVID-19 as a Category V infectious disease, while references to its economic impact have become even less prominent. Meanwhile, uncertainty caused by soaring raw material and resource prices, geopolitical conditions, and the weaker yen continued. - FY2024-Q2As economic activity normalized, explicit references to the impact of the infection became less prominentAnnual report
「During the cumulative second quarter period, Japan's economy was gradually recovering as economic activity normalized. However, it remained in a challenging situation, with raw material and resource prices continuing to remain elevated.」
There is no direct reference to COVID-19 or restrictions on activities, and the disclosure indicates that economic activity was normalizing and the economy was recovering moderately. Meanwhile, the difficult conditions caused by persistently high raw material and resource prices remained. - FY2024-Q1Explicitly stated that economic activity was normalizing due to the transition to Category V and the easing of restrictions on activitiesAnnual report
「As COVID-19 was reclassified under the legal framework as a Category V infectious disease, restrictions on activities were eased and economic and social activity was gradually moving toward normalization」
The disclosure indicates that restrictions on activities related to COVID-19 were being eased and economic and social activity was normalizing, while references to the economic impact of the infection have become relatively less prominent. - FY2023Described the easing of restrictions related to the infection and the recovery of economic activityAnnual report
「During the fiscal year under review, Japan's economy showed signs of a gradual, moderate recovery as restrictions and voluntary restraints on economic activity related to COVID-19 were eased and infection-control measures were implemented. Meanwhile, the situation remained uncertain due to soaring raw material and resource prices and the prolonged Russia-Ukraine situation.」
While indicating that restrictions and voluntary restraints on economic activity related to the infection were being eased and the economy was recovering, the disclosure continues to point to uncertainty caused by soaring raw material and resource prices and the Russia-Ukraine situation. - FY2023-Q3Added concern over the spread of the eighth wave of infections alongside economic normalizationAnnual report
「During the cumulative nine-month period under review, Japan's economy remained in a difficult situation due to the impact of COVID-19, but economic activity was gradually moving toward normalization as restrictions on activities were eased and infection-control measures were implemented. Meanwhile, the situation remained uncertain, with raw material and resource prices soaring, the situation in Ukraine, and concerns over the spread of the eighth wave of COVID-19 infections.」
While indicating that restrictions on activities were being eased and economic activity was moving toward normalization, the disclosure adds concern over the spread of the eighth wave of COVID-19 infections. - FY2023-Q2Added progress toward the normalisation of economic activityAnnual report
「During the cumulative second quarter period, Japan's economy was gradually moving toward normalization of economic activity from the severe conditions caused by COVID-19. However, uncertainty has persisted due to soaring raw material and resource prices, the rapid depreciation of the yen, and the protracted Russia-Ukraine situation.」
The Company stated that economic activity was beginning to return to normal from the difficult situation caused by COVID-19, and the description of the economic impact of the infection was relatively less pronounced. Meanwhile, uncertainty continued. - FY2023-Q1Added easing of restrictions on activities and progress toward normalisation of economic activityAnnual report
「During the cumulative first quarter period, the Japanese economy showed signs of moving toward the normalisation of economic activity as restrictions on activities related to COVID-19 were eased.」
Although the impact of COVID-19 continued, the easing of restrictions on activities and progress toward the normalisation of economic activity were newly described. - FY2022-Q3Economic activity recovery and variant-strain risk presented togetherAnnual report
「The difficult situation gradually eased and signs of a recovery in economic conditions emerged as COVID-19 vaccinations became more widespread and the state of emergency was lifted. However, the risk of a renewed spread of infection was not eliminated due to the emergence of new variant strains, and conditions remained uncertain.」
Newly indicated that the difficult situation was easing and economic conditions were recovering as vaccinations became more widespread and the state of emergency was lifted, while the risk of a renewed spread of infection from variant strains and uncertainty over the outlook continued. - FY2022-Q2Added signs of a recovery in activity due to measures to contain the spread of infectionAnnual report
「Although signs of a recovery in activity toward an economic rebound have recently emerged due to policies to contain the spread of infections, such as promoting vaccination, uncertainty continues.」
Although the economic impact and uncertainty caused by the spread of COVID-19 continued, signs of a recovery in activity resulting from policies such as vaccinations were described. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter, the spread of COVID-19, which had continued since the previous fiscal year, remained unabated. Social and economic activity continued to be restricted by measures such as requests to refrain from going out and reduced operating hours in some businesses, resulting in continued difficult conditions and an uncertain outlook.」
The spread of COVID-19 and restrictions on social and economic activity continued, and the difficult economic environment and uncertainty over the outlook persisted. - FY2021WorsenedAnnual report
「During the fiscal year, the Japanese economy remained in difficult conditions as social and economic activity was constrained by the spread of COVID-19. Although economic activity subsequently resumed gradually, the spread of variant strains continued to adversely affect economic conditions.」
It was stated that, in addition to constraints on social and economic activity caused by the spread of infection, the adverse impact on economic conditions from the spread of variant strains continued throughout the fiscal year. - FY2021-Q3WorsenedAnnual report
「During the cumulative third quarter, as the global spread of COVID-19 prolonged its impact in Japan, some economic activity recovered after the lifting of the state of emergency. However, the outlook for the economy remained uncertain because the timing of the end of the pandemic could not yet be predicted due to renewed infections.」
The impact of the infection has been prolonged, and the continued spread of infection has made it impossible to foresee when the situation will subside. - FY2021-Q2MaterialisedAnnual report
「During the cumulative second quarter period, the Japanese economy remained in a difficult environment as the stagnation of economic activity continued due to the spread of COVID-19. Although signs of a recovery in some economic activity emerged after the state of emergency was lifted, the outlook for economic conditions remained uncertain due to delays in the recovery of the global economy amid continued spread of infection in Europe, the United States and emerging markets, as well as concerns about a renewed spread of infection in Japan.」
The stagnation of economic activity caused by the spread of COVID-19 continued, while delays in the recovery of the global economy and concerns about a renewed domestic spread of infection affected the actual economic environment. - FY2021-Q1MaterialisedAnnual report
「During the cumulative first quarter period, the Japanese economy remained in an extremely difficult situation as social and economic activity weakened due to the spread of COVID-19, including the issuance of a state of emergency by the government and the spread of requests to refrain from going out and suspend operations.」
The spread of COVID-19, the state of emergency and the slowdown in social and economic activity actually occurred and affected the economic environment and business performance during the quarter. - FY2020First statedAnnual report
「Since the beginning of the year, as COVID-19 infections have spread worldwide, restrictions on going out and measures to prevent the spread of infection have been implemented. As a result, economic activity in each country has been significantly restricted, leading to a sharp contraction in the global economy, turmoil in financial markets and a substantial decline in crude oil prices. In Japan as well, the national and local governments issued states of emergency, and the Japanese economy has been severely affected by requests for people to refrain from going out and, depending on the industry, requests to suspend operations.」
The Company explicitly identified the spread of COVID-19, restrictions on economic activity, the contraction of the global economy and the impact on the Japanese economy as new risks. While the spread of infection and its impact on economic conditions had already occurred, the impact on the Company's financial position and operating results in the following fiscal year was described as a possibility.