Risk of Projects Being Frozen and System Investment Declining Due to COVID-19
First written in FY2021. 3 of 8 entries say "Restated". Latest entry: FY2023.
3 other companies' latest entry also says "Dropped".
- FY2023DroppedAnnual reportThere are currently no disclosures specific to COVID-19-related project freezes, postponements or business impacts. Infectious diseases are instead categorized as a general risk alongside natural disasters and infectious diseases generally.
- FY2023-Q2RestatedAnnual report
「The Group continues to implement infection-control measures such as promoting telework and is working to provide customers with stable and continuous services.」
We continue to promote telework and other measures to prevent COVID-19 infection and are working to provide stable services. - FY2023-Q1RestatedAnnual report
「There have been no material changes to the assumptions concerning the impact of COVID-19 described in the additional information to the securities report for the previous consolidated fiscal year.」
It has been explained that there have been no material changes from the previous fiscal year to the accounting assumptions concerning the impact of COVID-19. - FY2022MitigatedAnnual report
「We believe that the impact on business performance at this point is minor because we are working to reduce infection risk through measures such as instructions on infection prevention and the introduction of remote work.」
Although COVID-19 risks remain, it has been explained that the impact on business performance at this point is minor owing to infection-control measures and remote work. - FY2022-Q3WorsenedAnnual report
「At the same time, concerns remain that the rapid increase in cases caused by the Omicron variant and restrictions on the activities of close contacts could weigh on the economy, and the outlook remains uncertain.」
Regarding COVID-19, concerns that the rapid increase in cases caused by the Omicron variant and activity restrictions could weigh on the economy became more concrete. At the same time, the Group implemented infection-control measures such as telework and explained that it had not experienced a significant business impact. - FY2022-Q2RestatedAnnual report
「COVID-19 did not have a significant impact on the Group's business as a whole.」
It continues to be explained that COVID-19 has not had a significant business impact on the Group as a whole. At the same time, vigilance regarding uncertainty about the outlook, including a renewed spread of infections caused by variants, and infection-control measures such as telework continue. - FY2022-Q1MitigatedAnnual report
「COVID-19 did not have a significant impact on the Group's business as a whole.」
Although concerns about the spread of infection and restraints on IT investment continued, there was no significant business impact on the Group as a whole during the quarter. - FY2021MaterialisedAnnual report
「This became particularly evident in the first half of the fiscal year ending May 2021. Specifically, projects were temporarily frozen or postponed because of uncertainty about the outlook.」
While project freezes and postponements due to COVID-19 did occur, it was explained that these concerns were beginning to ease in the second half.