Uncertainty in the Global Economy and Business Environment Due to COVID-19
First written in FY2020-Q3. 2 of 13 entries say "Worsened", first in FY2021-Q1. Latest entry: FY2023.
The whole theme swung hardest in 2019: 13 of 36 companies on the "Worse" side.
9 other companies' latest entry also says "Dropped".
- FY2023DroppedAnnual report
「During the consolidated fiscal year, the global economy remained on a gradual recovery trend as countries eased activity restrictions and social and economic activity normalized. However, the outlook remained uncertain because resource and energy prices remained high, inflationary pressure persisted, and recession risks associated with monetary tightening policies in Europe and the United States also remained.」
The specific risks previously centered on the spread of COVID-19 and activity restrictions were not reiterated in this year’s risk description, which shifted its focus to inflation after normalization, monetary tightening, and recession risks. - FY2023-Q3Economic normalization coexisting with inflation, monetary tightening, and supply constraintsAnnual report
「During the cumulative third quarter under review, the global economy remained on a moderate recovery trajectory as restrictions on activity were eased in various countries and socioeconomic activity moved toward normalization. However, the outlook remains uncertain due to risks of an economic downturn stemming from soaring resource and energy prices, continuing global inflation, and monetary tightening policies in Europe and the US.」
The company described the easing of COVID-19 activity restrictions and progress toward economic normalization, while also citing higher resource and energy prices, global inflation, and recession risks resulting from monetary tightening policies in Europe and the United States. - FY2023-Q2Economic normalization coexisting with high inflation and China slowdown risksAnnual report
「During the cumulative second quarter of the fiscal year, the global economy remained on a gradual recovery trend as social and economic activity normalized in many countries other than China. However, the outlook remained uncertain because of numerous concerns, including surging resource and energy prices, prolonged high inflation, and a slowdown in the Chinese economy resulting from its zero-COVID policy.」
The company continues to state that the outlook is uncertain, with economic normalization progressing in many countries other than China while resource and energy prices remain high, high inflation persists, and the Chinese economy slows. - FY2023-Q1Economic normalization coexisting with resource, logistics, and China slowdown risksAnnual report
「During the cumulative first quarter of the fiscal year, the global economy showed signs of recovery toward normalization as countries eased restrictions on activities related to COVID-19. However, the outlook remained uncertain because of numerous concerns, including surging global resource and energy prices, logistics disruptions caused by container shortages, and a slowdown in the Chinese economy resulting from its zero-COVID policy.」
The company stated that economic normalization is progressing as restrictions on activities are eased, while listing higher resource and energy prices, container shortages, and a slowdown caused by China’s zero-COVID policy as new concerns. - FY2022Economic recovery coexisting with variants and supply constraintsAnnual report
「Economic activity is gradually returning to normal as vaccinations progress in Japan and overseas. However, if the emergence of variants leads to renewed spread of infections, subdued consumption or an economic deterioration resulting from voluntary restraints on economic activity, this could affect the financial condition and results of operations of the Group.」
The company describes economic activity as normalizing while continuing to identify variants, renewed spread of infections, and an economic deterioration caused by voluntary restraints as risks. - FY2022-Q3An economic recovery coexisted with the semiconductor shortage and concerns over new variants.Annual report
「During the cumulative third quarter of the fiscal year, economic and social activity moved toward normalization, particularly in developed countries, as economic measures and vaccinations progressed, and the global economy remained on a recovery trend. Although there are expectations that economic recovery will continue in Japan and overseas, the outlook remains uncertain because of concerns including a prolonged global semiconductor supply shortage, higher raw material prices, and renewed spread of COVID-19 variants.」
The company continues to state that economic and social activity is normalizing and remains on a recovery trend, while the outlook is uncertain because of a prolonged semiconductor supply shortage, higher raw material prices, and renewed spread of variants. - FY2022-Q2Economic recovery coexisting with renewed infectionsAnnual report
「During the cumulative second quarter of the fiscal year, the global economy continued to recover from the economic slowdown caused by the COVID-19 crisis, although the pace varied by country and region, as economic measures and vaccinations progressed in various countries. While economic normalization is expected as vaccinations become more widespread, the outlook remains uncertain because of concerns including renewed spread of COVID-19, semiconductor shortages caused by a sharp increase in global demand, and higher raw material prices.」
The company continues to state that the economy is recovering with support from economic measures and vaccinations, while expressing concern about renewed spread of COVID-19 and describing the outlook as uncertain. - FY2022-Q1Economic recovery coexisting with the re-emergence of variantsAnnual report
「During the cumulative first quarter under review, the global economy showed clear signs of recovery as economic measures and vaccination programs progressed in various countries. However, the outlook remains uncertain, as highly infectious variants have caused repeated resurgences of infections in Southeast and South Asia, prompting some countries to impose lockdowns.」
Although economic measures and vaccinations have supported a recovery, the outlook remains uncertain as infections with new variants have spread again and lockdowns have occurred, prolonging uncertainty caused by COVID-19. - FY2021-Q3Economic activity recovering while infections continue to spread and re-emergeAnnual report
「During the cumulative third quarter of the fiscal year, the global economy was in an extremely difficult situation as COVID-19 spread worldwide, substantially restricting and slowing social and economic activity. However, economic activity has been on a gradual recovery trend as activity has resumed and economic measures have been implemented. Nevertheless, the situation remains unpredictable, as the disease continues to spread, particularly in the United States and Europe, with no clear prospect of an end.」
The company described the resumption of economic activity and a gradual recovery trend, while stating that uncertainty continues because the disease continues to spread, there is no clear prospect of an end, and infections are spreading again domestically. - FY2021-Q2WorsenedAnnual report
「During the cumulative second quarter of the fiscal year, the global economy was in an extremely difficult situation as COVID-19 spread worldwide, substantially restricting and slowing social and economic activity. Although economic activity has gradually resumed recently, the situation remains unpredictable, with the disease spreading again in certain countries and regions.」
The company stated that restrictions and stagnation in social and economic activity continued amid the global spread of the disease, with infections spreading again in some regions. - FY2021-Q1WorsenedAnnual report
「During the cumulative first quarter of the fiscal year, the global economy was in an extremely difficult situation as COVID-19 spread worldwide, slowing social and economic activity. There are also concerns about a possible second wave, and uncertainty about the outlook is expected to persist.」
The impact expanded from concerns about uncertainty at the end of the previous fiscal year to the global spread of the disease, stagnation in social and economic activity, and concerns about a second wave. - FY2020MaterialisedAnnual report
「Toward the end of the fiscal year, the spread of COVID-19 has made the outlook increasingly uncertain, and there are concerns that the economic downturn may be prolonged.」
The impact of COVID-19 emerged in the economic and business environment toward the end of the fiscal year, and was described in connection with lower revenue and profits across all segments and concerns about a prolonged future economic downturn. - FY2020-Q3First statedAnnual report
「In addition, the future impact of COVID-19, which originated in China, cannot yet be assessed, and uncertainty about the outlook has increased further.」
The company has for the first time explicitly identified the inability to assess the future impact of COVID-19 as a new external-environment risk.