Restrictions on Economic Activity and Declining Demand Caused by COVID-19
First written in FY2021-Q1. 7 of 10 entries say "Restated". Latest entry: FY2023.
Denka moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
39 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「If an outbreak of COVID-19 or another infectious disease occurs in the future, restrictions on activities such as lockdowns, supply chain disruptions and a deterioration in the global economy could affect the Group’s operating results and financial position.」
The disclosure continues to describe the risks of activity restrictions, supply chain disruptions and deterioration in the global economy associated with a renewed spread of infectious disease. - FY2023-Q2RestatedAnnual report
「There were no material changes to the assumptions described in the Additional Information section of the prior consolidated annual securities report, including assumptions regarding how COVID-19 would spread and when it would end.」
It states that there have been no material changes to the accounting assumptions regarding the spread and timing of containment of COVID-19 and other matters. - FY2023-Q1RestatedAnnual report
「There were no material changes to the assumptions described in the Additional Information section of the prior consolidated annual securities report, including assumptions regarding how COVID-19 would spread and when it would end.」
It states that there have been no material changes to the accounting assumptions regarding the spread and timing of containment of COVID-19 and other matters. - FY2022-Q3RestatedAnnual report
「During the cumulative consolidated third quarter under review, Japan’s economy remained weak, as personal consumption and exports continued to fluctuate amid a renewed spread of COVID-19.」
The disclosure continues to describe the impact of the renewed spread of COVID-19 on domestic economic activity and demand. - FY2022-Q2RestatedAnnual report
「During the cumulative consolidated second quarter under review, Japan’s economy remained weak, as personal consumption and exports continued to fluctuate amid a renewed spread of COVID-19.」
The disclosure continues to describe the impact of the renewed spread of COVID-19 on personal consumption and exports, as well as weakness in economic activity. - FY2022-Q1RestatedAnnual report
「During the cumulative consolidated first quarter under review, Japan’s economy showed signs of recovery in exports and capital investment, but remained lacking in strength, with concerns about a renewed spread of COVID-19 and sluggish personal consumption persisting.」
The disclosure continues to describe a recovery in exports and capital investment, while noting ongoing concerns about a renewed spread of COVID-19 and sluggish personal consumption. It also states that there have been no material changes to the assumptions regarding the disease used in accounting estimates. - FY2021RestatedAnnual report
「If the situation continues for an extended period or the disease spreads further, restrictions on activity such as lockdowns, supply chain disruptions and deterioration in the global economy could affect the Group's operating performance and financial position.」
The continued impact of a prolonged or renewed spread of COVID-19, restrictions on activity, supply chain disruptions and deterioration in the global economy continues to be disclosed as a major risk. - FY2021-Q3WorsenedAnnual report
「During the nine-month period ended in the current third quarter, Japan's economy was subject to severe restrictions on economic activity due to the impact of COVID-19, while personal consumption and exports declined rapidly. The global economy also deteriorated sharply amid the worldwide spread of the disease, resulting in extremely difficult conditions. The disease has recently been spreading again in countries around the world, and the outlook therefore remains uncertain.」
Restrictions on economic activity and declining demand caused by COVID-19 have continued, and uncertainty about the outlook has persisted as the disease has spread again in countries around the world. The assumption used in accounting estimates that the impact would continue from the third quarter onward has also been maintained. - FY2021-Q2WorsenedAnnual report
「In the Additional Information section of the securities report for the previous consolidated fiscal year, the Group assumed that the impact of the spread of COVID-19 would gradually subside from the second quarter of fiscal 2020 onward, from 1 July 2020 to 30 September 2020, and normalize from the third quarter onward, from 1 October 2020 to 31 December 2020. However, when preparing the consolidated financial statements for the current second-quarter consolidated accounting period, the Group revised this assumption to reflect the continued impact from the third quarter onward and made its accounting estimates accordingly.」
Regarding the impact of COVID-19, the previous assumption of normalization from the third quarter onward was revised to assume that the impact would continue from the third quarter onward. - FY2021-Q1First statedAnnual report
「During the nine-month period ended in the current first quarter, Japan's economy was subject to restrictions on economic activity due to the impact of COVID-19, while personal consumption and exports declined rapidly. The global economy also deteriorated sharply amid the worldwide spread of the disease, resulting in extremely difficult conditions.」
Restrictions on economic activity, declines in personal consumption and exports, and a downturn in the global economy caused by COVID-19 were identified as new external risks. In practice, demand and sales volumes declined, resulting in a 16.1% year-on-year decrease in net sales and a 34.8% decrease in operating income.