Risk of Reduced Sales Opportunities and Stalled Business Activity Due to the Spread of COVID-19
First written in FY2020. 1 of 2 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2020: 23 of 48 companies on the "Worse" side.
18 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「However, if COVID-19 spreads further and the situation becomes more serious and prolonged, the Group's financial condition, operating results and cash flow may be affected by a decline in business meeting opportunities resulting from difficulties in employees commuting to work and visiting customers, as well as temporary disruption to business activities if employees are found to be infected.」
It reiterates the risks of difficulties in commuting and visiting customers, fewer business meeting opportunities, and disruption to business activities due to the spread and prolongation of infections. - FY2020First statedAnnual report
「However, if COVID-19 spreads further and the situation becomes more serious and prolonged, the Group's financial condition, operating results and cash flow may be affected by a decline in business meeting opportunities resulting from difficulties in employees commuting to work and visiting customers, as well as temporary disruption to business activities if employees are found to be infected.」
For COVID-19, it has for the first time identified difficulties in commuting and visiting customers, fewer business meeting opportunities, and disruption to business activities due to employee infections as individual business risks, separately from macroeconomic uncertainty.