Changes in the Economy and Ways of Working Due to COVID-19
First written in FY2020-Q3. 6 of 15 entries say "Softened", first in FY2020. Latest entry: FY2026-H1.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2026-H1RestatedAnnual report
「In addition, against the backdrop of the spread of COVID-19, demand for cloud services that can be used regardless of time or location has increased with the spread of diverse work styles, including remote work.」
COVID-19 continues to be described not as a direct business risk but as a backdrop to demand for cloud services through the spread of remote work and other work styles. - FY2025SoftenedAnnual report
「In addition, following the pandemic, we expect demand for cloud services that can be used regardless of time or location to increase as diverse work styles, including remote work, become more widespread.」
COVID-19 is described not as a direct business risk but as a backdrop to changes in work styles after the pandemic and rising demand for cloud services. - FY2024SoftenedAnnual report
「In addition, against the backdrop of the spread of COVID-19, demand for cloud services that can be used regardless of time or location has increased with the spread of diverse work styles, including remote work.」
Rather than being described as a direct business risk, COVID-19 is presented as a backdrop to demand for cloud services through the spread of remote work and diverse work styles after the pandemic. - FY2023-Q3SoftenedAnnual report
「During the nine months ended 30 September, the lifting of activity restrictions imposed since 2020 in response to the spread of COVID-19 and the easing of entry and exit restrictions in Japan and overseas have raised expectations for the normalization and recovery of domestic economic activity, including inbound demand.」
The easing of activity restrictions and entry and exit controls, together with expectations for the normalization and recovery of economic activity, indicate a further reduction in the uncertainty previously associated with COVID-19. - FY2023-Q2SoftenedAnnual report
「During the six months ended 30 June, although the surge in prices, including resource and energy prices stemming from the situation in Ukraine, was beginning to ease, the market environment remained uncertain due to global monetary tightening to address inflation and yen depreciation resulting from interest-rate differentials. Meanwhile, in Japan, restrictions on activities were lifted following the reclassification of COVID-19 as a Class 5 infectious disease, raising expectations for the normalization of economic activity and an economic recovery.」
With respect to COVID-19, the company cites its reclassification as a Class 5 infectious disease, the lifting of activity restrictions and expectations for the normalization of economic activity. The risk assessment has weakened further from its previous focus on the spread of infections and activity restrictions, although uncertainty across the market remains. - FY2023-Q1SoftenedAnnual report
「During the three months ended 31 March, the market environment remained uncertain due to factors including the prolonged situation in Ukraine, global monetary tightening and concerns about deteriorating corporate performance, including that of financial institutions. At the same time, economic activity is expected to gradually resume as Japan reviews its approach to mask wearing and eases restrictions on activities and border-control measures.」
With respect to COVID-19, the company cites the review of mask-wearing guidance, the easing of activity restrictions and border-control measures, and expectations for a resumption of economic activity. This represents a weaker risk assessment than the previous focus on difficult economic conditions caused by the spread of infections. Uncertainty due to the situation in Ukraine and monetary tightening remains. - FY2022RestatedAnnual report
「We are conducting business activities at broadly the same level as in normal times after implementing measures to address COVID-19. Accordingly, we expect the impact of COVID-19 on the company to be limited and its impact on results to be minor. However, it is difficult to predict the impact of this risk on the overall economy, and if conditions arise and persist that materially affect the business activities of companies throughout Japan, our results may be affected.」
The company continues to describe the impact of COVID-19 on it as limited and minor, while reconfirming the risk that its results could be affected if the impact on the overall economy persists. - FY2022-Q3WorsenedAnnual report
「During the nine months ended 30 September, in addition to concerns about an eighth wave caused by highly transmissible COVID-19 variants, difficult economic conditions continued due to the prolonged Russian invasion of Ukraine and surging raw-material and utility costs against a backdrop of yen depreciation. The outlook therefore remained uncertain.」
An eighth wave is identified as a new concern related to COVID-19. The company also states that difficult economic conditions continued as the prolonged Russian invasion of Ukraine and higher raw-material and utility costs caused by yen depreciation compounded the situation. - FY2022-Q2WorsenedAnnual report
「During the six months ended 30 June, in addition to concerns about a seventh wave caused by highly transmissible COVID-19 variants, the outlook remained uncertain due to factors including Russia's invasion of Ukraine and surging raw-material and utility costs against a backdrop of yen depreciation.」
The description of COVID-19 has become more specific, shifting from general concerns about the spread of infections caused by variants to concerns about a seventh wave caused by highly transmissible variants. - FY2022-Q1RestatedAnnual report
「During the three months ended 31 March, although the priority preventive measures against the spread of COVID-19 had been lifted, the outlook remained uncertain due to concerns about the spread of infections caused by variants and factors including Russia's invasion of Ukraine.」
The company states that uncertainty related to COVID-19 continued even after the priority preventive measures were lifted, including concerns about the spread of infections caused by variants. - FY2021RestatedAnnual report
「We are conducting business activities at broadly the same level as in normal times after implementing measures to address COVID-19. Accordingly, we expect the impact of COVID-19 on the company to be limited and its impact on results to be minor. However, it is difficult to predict the impact of this risk on the overall economy, and if conditions arise and persist that materially affect the business activities of companies throughout Japan, our results may be affected.」
The company states that its business activities remain broadly at normal levels and that the impact of COVID-19 on it and its results is limited and minor. At the same time, the possibility that the impact on the overall economy will persist continues to be identified as a risk. - FY2021-Q3RestatedAnnual report
「During the nine months ended 30 September, difficult economic conditions continued due to the impact of COVID-19 since last year, and the situation remains unpredictable. However, vaccinations have been progressing in Japan through large-scale programs and municipal vaccination programs, raising expectations for a recovery in economic activity.」
The company reconfirms that difficult economic conditions caused by COVID-19 are continuing, while citing progress in vaccinations and expectations for a recovery in economic activity. - FY2021-Q2RestatedAnnual report
「During the six months ended 30 June, difficult economic conditions continued due to the impact of COVID-19 since last year, and the situation remains unpredictable. However, the recovery of economic activity is expected as large-scale vaccinations and municipal vaccination programs have begun in Japan.」
The company reconfirms its view that difficult economic conditions caused by COVID-19 are continuing, while also citing expectations for an economic recovery following the start of vaccinations. - FY2020SoftenedAnnual report
「Since February 2020, we have implemented staggered working hours and remote work and have shifted to a system under which employees may come to the office as needed. In principle, we do not hold face-to-face business meetings or seminars, instead conducting them online. There are concerns that new contracts may decline as decision-making is delayed in corporate activities and that service cancellations may temporarily increase as companies review their costs amid an economic downturn. However, as of now, the negative impact on management has been minor.」
The shift to remote work and other measures in response to COVID-19 has been made concrete, while the company explains that the impact on it is limited and minor. The assessment of the company's impact has weakened from the previous description of difficult economic conditions. - FY2020-Q3First statedAnnual report
「During the nine months ended 30 September, difficult economic conditions continued due to the impact of COVID-19, and changes in work styles in response to those conditions have attracted attention.」
The impact of COVID-19 and the resulting changes in work styles are described as part of the business environment.