Risk to business continuity and economic activity from the spread of COVID-19
First written in FY2020. 6 of 14 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2025.
Koatsu Gas Kogyo moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 119 of 169 companies on the "Worse" side.
41 other companies' latest entry also says "Dropped".
- FY2025DroppedAnnual report
「If natural disasters such as earthquakes, localized torrential rain or heavy snowfall, or outbreaks of infectious diseases such as those caused by novel viruses occur in Japan or overseas, the Group's business activities could be forced to suspend operations for an extended period, resulting in significant damage.」
The disclosure no longer referred to risks specific to COVID-19 and instead described general pandemic risks, including natural disasters and infectious diseases caused by new viruses. - FY2024-Q2MitigatedAnnual report
「Although Japan's economy during the first six months of the current consolidated fiscal year showed signs of a gradual recovery as social and economic activity continued to normalize from the COVID-19 pandemic,」
The disclosure regarding COVID-19 changed to state that social and economic activity had continued to normalize from the pandemic. Other sources of uncertainty, such as higher raw material and energy prices and the weaker yen, remained. - FY2024-Q1MitigatedAnnual report
「Although the transition of COVID-19 to Category 5 under Japan's Infectious Disease Control Law had advanced the normalization of social and economic activity and the economy had shown signs of a gradual recovery,」
The disclosure referred to the transition of COVID-19 to Category 5 and the normalization of social and economic activity, indicating that conditions had eased from the previous restrictions on activities and economic activity. - FY2023-Q3MitigatedAnnual report
「Although the easing of restrictions on activities due to COVID-19 had advanced the normalization of economic activity and the economy had shown signs of a gradual recovery,」
The disclosure regarding COVID-19 changed to state that the easing of restrictions on activities and the normalization of economic activity had advanced. Other sources of uncertainty, such as supply chain constraints, remained. - FY2023-Q2MitigatedAnnual report
「Although restrictions on activities due to COVID-19 had been eased and economic activity had begun to recover,」
The disclosure regarding COVID-19 referred to the easing of restrictions on activities and signs of a recovery in economic activity. Other sources of uncertainty, such as supply chain disruptions, remained. - FY2023-Q1MitigatedAnnual report
「Although the spread of COVID-19 had begun to subside and restrictions on activities in Japan had been eased,」
The disclosure regarding COVID-19 changed to state that the spread of the infection had begun to subside and that restrictions on activities in Japan had been eased. Other sources of uncertainty, such as supply chain disruptions, remained. - FY2022WorsenedAnnual report
「The timing of the containment of COVID-19 remains uncertain, and an economic recovery is expected to take time. A further spread of infections caused by COVID-19 variants or other factors could affect economic activity, which in turn could materially affect the financial position, operating results and cash flows of the Group.」
Amid the continuing impact of COVID-19, the disclosure expressly stated that a resurgence caused by variants could occur and could materially affect the financial position, operating results and cash flows. - FY2022-Q3MaterialisedAnnual report
「During the first nine months of the fiscal year, Japan’s economy remained in an uncertain environment. Although some social and economic activity showed signs of improvement amid restrictions caused by the prolonged impact of COVID-19, the end of the pandemic was still not in sight.」
Restrictions on social and economic activity and the lack of visibility on when COVID-19 would be contained continued into the third quarter as actual features of the economic environment. - FY2022-Q2MaterialisedAnnual report
「During the first six months of the fiscal year, Japan’s economy remained in an uncertain environment. Although some social and economic activity showed signs of improvement amid restrictions caused by COVID-19, the end of the pandemic was still not in sight.」
Restrictions on social and economic activity due to COVID-19 continued, and its impact also continued into the second quarter as an actual feature of the economic environment. - FY2022-Q1MaterialisedAnnual report
「During the first quarter of the fiscal year, Japan’s economy remained in an uncertain environment. Although social and economic activity showed signs of a temporary recovery amid substantial restrictions caused by COVID-19, infections continued to spread.」
Restrictions on social and economic activity and the continued spread of COVID-19 actually occurred as the economic environment during the current quarter. - FY2021-Q3MaterialisedAnnual report
「During the first nine months of the fiscal year, Japan’s economy remained in an uncertain environment as economic activity continued to stagnate due to the global spread of COVID-19. Although there were signs of a temporary recovery, the renewed spread of infections clouded the outlook.」
The impact of COVID-19 continued and actually emerged as uncertainty about the outlook due to the resurgence of infections. - FY2021-Q2MaterialisedAnnual report
「During the first six months of the fiscal year, Japan’s economy remained in an extremely difficult and highly uncertain environment as economic activity stagnated due to the global spread of COVID-19.」
The impact of COVID-19 on economic activity continued into the second quarter, actually emerging as a stagnation in economic activity and an extremely challenging economic environment. - FY2021-Q1MaterialisedAnnual report
「During the first quarter of the fiscal year, Japan’s economy remained in extremely difficult conditions, as economic activity was severely restricted by the global spread of COVID-19.」
The disclosure described the impact of COVID-19 on economic activity, previously stated as a possibility, as having actually emerged in the form of significant restrictions on economic activity. - FY2020First statedAnnual report
「The timing of the containment of COVID-19 remains uncertain, and its impact on economic activity cannot currently be predicted. Accordingly, it may have a material impact on the financial position, operating results and cash flows of the Group from the next fiscal year onward.」
The disclosure first expressly stated that the timing of the containment of COVID-19 was uncertain and that it could materially affect the financial position, operating results and cash flows from the next fiscal year onward. The spread of the infection and restrictions on economic activity were described as events that occurred during the current fiscal year.