Business Impact and Uncertainty Related to COVID-19
First written in FY2021-Q2. 6 of 9 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2023DroppedAnnual report
「During the consolidated fiscal year under review, Japan's economy showed signs of recovery, including the normalization of socioeconomic activity following the easing of restrictions related to COVID-19 and an increase in labor availability driven by inbound demand. However, the outlook remained uncertain due to higher prices resulting from surging raw material costs and concerns about an economic downturn caused by global monetary tightening.」
The standalone business-impact risk related to COVID-19 was no longer listed as a key risk for the fiscal year and was mentioned only as a factor behind the normalization of economic activity. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter of the fiscal year under review, there were no newly arising business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
States that there have been no material changes to the business or other risks related to the impact of COVID-19 on business activities. - FY2023-Q1RestatedAnnual report
「There have been no material changes to the assumptions concerning the impact of COVID-19 described in the notes to the previous fiscal year's securities report.」
States that there have been no material changes from the previous fiscal year to the accounting assumptions concerning the impact of COVID-19. - FY2022-Q3RestatedAnnual report
「There have been no material changes to the assumptions concerning the impact of COVID-19 described in the notes to the previous fiscal year's securities report.」
States that there have been no material changes to the accounting assumptions concerning the impact of COVID-19. - FY2022-Q2RestatedAnnual report
「There have been no material changes to the assumptions concerning the impact of COVID-19 described in the notes to the previous fiscal year's securities report.」
States that there have been no material changes to the accounting assumptions concerning the impact of COVID-19. - FY2022-Q1RestatedAnnual report
「There have been no material changes to the assumptions concerning the impact of COVID-19 described in the notes to the previous fiscal year's securities report.」
States that there have been no material changes from the previous fiscal year to the accounting assumptions concerning the impact of COVID-19. - FY2021WorsenedAnnual report
「The timing of the containment of the infection remains unclear, and although it is currently difficult to quantify the risk, we recognize that there is a sufficient possibility that the risk will materialize.」
In addition to the previous accounting assumption that the impact would be limited, explicitly states that there is a sufficient possibility that the infection-related risk will materialize, and specifies potential effects including lost business opportunities, lower orders and sales, and delays to projects and product releases. - FY2021-Q3RestatedAnnual report
「Although the spread of COVID-19 has had a certain impact on our Group's business activities, we have made accounting estimates, including impairment testing of property, plant and equipment and assessments of the recoverability of deferred tax assets, on the assumption that the impact will be limited. However, the impact of the spread of COVID-19 remains highly uncertain, and changes in the business environment may have a material impact on our Group's financial position and operating results.」
Repeats the previous disclosure concerning the impact on business activities, the uncertainty of that impact and the possibility of a material future impact. - FY2021-Q2MaterialisedAnnual report
「Although the spread of COVID-19 has had a certain impact on our Group's business activities, we have made accounting estimates, including impairment testing of property, plant and equipment and assessments of the recoverability of deferred tax assets, on the assumption that the impact will be limited. However, the impact of the spread of COVID-19 remains highly uncertain, and changes in the business environment may have a material impact on our Group's financial position and operating results.」
States that business activities have already been affected to some extent, while accounting estimates are being made on the assumption that the impact will be limited.