Risk of Prolonged COVID-19 Impact and Restrictions on Corporate Activity
First written in FY2020. 4 of 10 entries say "Restated". Latest entry: FY2024-Q2.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024-Q2SoftenedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, the business environment surrounding the Company's group showed signs of improvement in economic activity, including a moderate recovery in personal consumption, as restrictions on activities associated with COVID-19 were progressively eased.」
Regarding the constraints on activities caused by COVID-19, the Company describes the easing of activity restrictions and signs of improvement in economic activity, placing greater emphasis on recovery. - FY2024-Q1SoftenedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, Japan's economy continued to face uncertainty. While the impact of COVID-19 on socioeconomic activity was gradually easing, the prolonged situation in Ukraine and other factors affecting the global economy, including rising prices, supply constraints and volatility in the financial and capital markets, continued to weigh on conditions. In addition, registrations of security projects increased as events resumed following the reclassification of COVID-19 as a Class 5 disease,」
Although the impact of COVID-19 remains, the Company describes the recovery in socioeconomic activity, the resumption of events following the reclassification of COVID-19 as a Class 5 disease, and the increase in registrations of security projects, shifting from an explanation focused on activity constraints to one that also covers recovery. - FY2023SoftenedAnnual report
「During the current consolidated fiscal year, from 1 March 2022 to 28 February 2023, Japan's economy, which surrounds the Company's group, gradually returned to normal as economic activity recovered moderately following the easing of activity restrictions, despite the continuing impact of COVID-19.」
Although the Company states that the impact of COVID-19 remains, its description has shifted to indicate that economic activity is returning to normal following the easing of activity restrictions. - FY2022-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no occurrences of major risks that management recognizes could have a material effect on the financial position, operating results or cash flows of the consolidated companies, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The Company states that there has been no occurrence or significant change in the risks associated with the prolonged COVID-19 pandemic and constraints on corporate activities. - FY2022-Q1RestatedAnnual report
「During the first quarter of the fiscal year, there were no occurrences of major risks that management recognizes could have a material effect on the financial position, operating results or cash flows of the consolidated companies, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The Company states that there has been no occurrence or significant change in the risks associated with the prolonged COVID-19 pandemic and constraints on corporate activities. - FY2021WorsenedAnnual report
「The uncertain social environment, including the spread of vaccines and the status of large-scale events, has caused fluctuations in order values and timing, and is also expected to affect the cancellation or reduction of various contracts.」
The risks associated with COVID-19 have become more specific and broader in scope, including vaccine distribution, large-scale events, fluctuations in orders, contract cancellations and reductions, and even disruptions to business continuity caused by cluster infections among employees in the security business. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the Digital Risk business received orders from companies concerned about the impact of COVID-19 on corporate activities and the growing focus on reputation on social media. However, revenue declined year on year due to the contraction in economic activity caused by requests to refrain from going out to prevent the spread of the infection.」
Requests to refrain from going out and the contraction in economic activity associated with COVID-19 continue to be reflected in a year-on-year decline in revenue in the Digital Risk business. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, the Digital Risk business received orders from companies concerned about the impact of COVID-19 on corporate activities and the growing focus on reputation on social media. However, revenue declined year on year due to the contraction in economic activity caused by requests to refrain from going out to prevent the spread of the infection.」
Requests to refrain from going out and the contraction in economic activity associated with COVID-19 continue to be reflected in a year-on-year decline in revenue in the Digital Risk business. - FY2021-Q1MaterialisedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, the Digital Risk business received orders from companies concerned about the impact of COVID-19 on corporate activities and the growing focus on reputation on social media. However, revenue declined year on year due to the contraction in economic activity caused by requests to refrain from going out to prevent the spread of the infection.」
Requests to refrain from going out and the contraction in economic activity associated with COVID-19 have materialized as a decline in revenue in the Digital Risk business. The Company also describes a decline in new orders and an increase in cancellations for its social risk services, as well as sluggish growth in orders for its insider threat detection services due to delays in sales activities. - FY2020First statedAnnual report
「However, the impact that concerns over prolonged restrictions and further constraints on corporate activities may have on companies' digital transformation going forward remains uncertain and could affect the performance of the group.」
The Company newly identified, in that fiscal year, the risk that the prolonged COVID-19 pandemic and constraints on corporate activities could affect customers' digital transformation and the Company's performance.