Impact of COVID-19 on the Business Environment
First written in FY2021-Q2. 4 of 11 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024DroppedAnnual report
「During the fiscal year, while focusing on product feature development, we launched new businesses including Coconala Pro, Coconala Consulting and Coconala Assist.」
The main business-environment and financial-performance disclosures in this filing no longer referred to the impact of COVID-19. - FY2023SoftenedAnnual report
「During the fiscal year, the classification of COVID-19 under the Infectious Diseases Control Law was lowered to Class 5, and economic activity was expected to normalize further. However, the outlook for the financial markets remained uncertain.」
The company disclosed the reclassification of COVID-19 to Class 5 and expectations for further normalization of economic activity, indicating a weaker risk perception than the previous descriptions of prolonged infection and continuing impact. Uncertainty in the financial markets remained. - FY2023-Q3SoftenedAnnual report
「During the cumulative third quarter under review, the business environment in Japan remained uncertain. As the effects of COVID-19 eased following the lifting of restrictions on movement, time spent at home decreased and the overall growth rate of online transactions slowed.」
The wording changed to state that the impact of COVID-19 had eased following the lifting of restrictions. Reduced time spent at home, slower online-transaction growth and uncertainty over the outlook continued. - FY2023-Q2SoftenedAnnual report
「During the second quarter consolidated cumulative period, the Group's business environment saw the overall growth rate of online transactions slow as time spent at home declined, following the beginning of a recovery from the impact of COVID-19.」
The wording changed to state that the impact of COVID-19 had begun to subside, while reduced time spent at home and slower overall growth in online transactions continued to be disclosed. - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter under review, the business environment of the Group saw the spread of COVID-19 continue for an extended period, while vaccinations progressed nationwide and time spent at home decreased, among other factors, resulting in a slowdown in the overall growth rate of online transactions.」
The prolonged infection, reduced time spent at home and slower growth in online transactions continued to be disclosed. No new risk or material change was reported in the risk section. - FY2022RestatedAnnual report
「During the fiscal year, as the spread of COVID-19 continued for an extended period, vaccinations progressed nationwide and time spent at home declined, among other factors, resulting in a slowdown in the overall growth rate of online transactions.」
The prolonged infection, reduced time spent at home and slower growth in online transactions continued to be disclosed. These impacts had already been described by the previous quarter and were not presented as a new deterioration. - FY2022-Q3WorsenedAnnual report
「During the cumulative third quarter under review, the business environment in Japan remained uncertain. As the spread of COVID-19 continued for an extended period, vaccinations progressed nationwide and time spent at home decreased, causing the overall growth rate of online transactions to slow.」
In addition to the prolonged infection and uncertainty, the company disclosed a specific deterioration in the business environment: the overall growth rate of online transactions slowed as time spent at home declined. No new risk or material change was reported in the business-risk section. - FY2022-Q2RestatedAnnual report
「During the second quarter consolidated cumulative period, as the spread of COVID-19 continued for an extended period, the number of vaccinated people nationwide increased, but the end of the pandemic was still not in sight and the outlook remained uncertain.」
The prolonged infection and uncertainty over its resolution continued to be disclosed. No new occurrence or material change in business risks was reported. - FY2022-Q1RestatedAnnual report
「During the first quarter cumulative period, as the spread of COVID-19 continued for an extended period, the number of vaccinated people nationwide increased, but the end of the pandemic was still not in sight and the outlook remained uncertain.」
The prolonged infection and uncertainty over its resolution continued to be disclosed. No material change from the previous fiscal year was reported. - FY2021WorsenedAnnual report
「During the fiscal year, as the spread of COVID-19 continued for an extended period, vaccinations began, but the end of the pandemic was still not in sight and the outlook remained uncertain.」
The company explicitly described the prolonged infection and the uncertain outlook for its resolution, indicating a deterioration in the risk environment compared with the continuing impact previously disclosed. - FY2021-Q2First statedAnnual report
「During the cumulative second quarter under review, Japan's economy remained affected by the spread of COVID-19. Although economic activity gradually resumed both in Japan and overseas, the outlook remained uncertain.」
The continuing impact of the spread of the infection was disclosed as an actual business-environment risk. However, its impact was judged to be limited for accounting estimates.