Risk of abnormal situations, including COVID-19
First written in FY2020. 4 of 14 entries say "Worsened", first in FY2021-Q2. Latest entry: FY2026.
Nichiban 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: 96 of 137 companies on the "Worse" side.
15 other companies' latest entry also says "Softened".
- FY2026SoftenedAnnual report
「⑥Risk of a global pandemic or other infectious disease outbreak Likelihood: Medium Impact: Medium」
The company assesses both the likelihood and impact of infection risk as medium. Its arrangements involving multiple sites, BCPs, telework, staggered working hours and web conferences remain in place. - FY2024-Q2SoftenedAnnual report
「While inbound demand has been recovering following the reclassification of COVID-19 as a Class 5 infectious disease」
Inbound demand has been recovering following the reclassification of COVID-19 as a Class 5 infectious disease, and the impact of pandemic-related activity restrictions has been partially eased. However, uncertainty surrounding the business environment continues. - FY2024-Q1SoftenedAnnual report
「Although economic activity was expected to increase as measures against COVID-19 were eased」
The company described expectations for increased economic activity following the easing of infection-control measures, indicating that restrictions on activity had been partially eased compared with the previous fiscal year. However, it also described increases in infections and hospital bed occupancy rates in the medical supplies market. - FY2023-Q3RestatedAnnual report
「During the first nine months of the fiscal year, Japan's economy showed signs of recovery in socioeconomic activity as activity restrictions were eased, despite the continuing impact of COVID-19. However, the outlook remained uncertain amid the depreciation of the yen and rising prices and soaring energy resource and raw material costs resulting from the situation in Ukraine.」
While recognizing the easing of movement restrictions and the recovery in social and economic activity, the company continues to describe the impact of COVID-19 and uncertainty about the outlook. - FY2023-Q2WorsenedAnnual report
「During the first six months of the fiscal year, Japan's economy showed signs of a gradual recovery as priority preventive measures were lifted and activity restrictions were eased. However, the outlook remained uncertain amid the renewed spread of COVID-19, the rapid depreciation of the yen, and rising prices and soaring energy resource and raw material costs resulting from the situation in Ukraine.」
Although the previous quarter described a recovery resulting from the easing of movement restrictions, the current quarter describes a renewed spread of infection, indicating that the risk of abnormal events continues and has been re-emphasized. - FY2023-Q1SoftenedAnnual report
「In Japan, economic activity showed signs of a gradual recovery as restrictions on movement were eased, including the full lifting of priority preventive measures against the spread of COVID-19. However, the outlook remains uncertain amid rising prices caused by the rapid depreciation of the yen and soaring raw material and energy prices.」
The company described the gradual recovery in economic activity following the full lifting of priority preventive measures against the spread of COVID-19 and the easing of movement restrictions, indicating that the restrictions on activity resulting from the pandemic had been partially eased. However, uncertainty about the outlook continues. - FY2022ReframedAnnual report
「Risk of abnormal events such as a global pandemic Likelihood: High Impact: Very high Potential timing: Present」
The company reorganized the infection risk assessment to include likelihood, impact and potential timing, and conducted accounting assessments on the assumption that it would be affected at least through the following consolidated fiscal year. - FY2022-Q3RestatedAnnual report
「Because it remains impossible to predict when the infection will subside, we are assessing impairment of fixed assets and the recoverability of deferred tax assets on the assumption that we will be affected at least through the following consolidated fiscal year.」
The company maintained its assumption that the impact of COVID-19 would continue at least through the following consolidated fiscal year and reflected this in impairment testing and its assessment of deferred tax assets. - FY2022-Q2RestatedAnnual report
「Although COVID-19 vaccination progressed both in Japan and overseas and some economic activity showed signs of recovery, the further spread of COVID-19, particularly in Southeast Asia」
While recognizing the recovery in vaccination and some economic activity, the company continues to describe the risk of infection as cases continue to rise again in Southeast Asia and elsewhere. - FY2021WorsenedAnnual report
「Because it remains impossible to predict when the infection will subside, we are assessing impairment of fixed assets and the recoverability of deferred tax assets on the assumption that we will be affected at least through the following consolidated fiscal year.」
The company expanded its previous assumption that the impact of COVID-19 would continue through the current fiscal year to an assumption that it would continue at least through the following consolidated fiscal year and reflected this in its impairment assessment and assessment of deferred tax assets. - FY2021-Q3WorsenedAnnual report
「Previously, we expected these conditions to continue to some extent during the current consolidated fiscal year. However, because it remains impossible to predict when the infection will subside, we are assessing impairment of fixed assets and the recoverability of deferred tax assets on the assumption that we will be affected at least through the following consolidated fiscal year.」
Regarding the impact of COVID-19, the company extended the assumed impact period from through the current consolidated fiscal year to at least through the following consolidated fiscal year and reflected this in its accounting assessments. - FY2021-Q2WorsenedAnnual report
「Although these conditions have partially recovered compared with the first quarter, we expect them to continue to some extent, and for the current consolidated fiscal year are assessing impairment of fixed assets and the recoverability of deferred tax assets on the assumption that we will be affected at least to some extent.」
Although there was some recovery compared with the first quarter, the company expanded its assumption to include a certain degree of pandemic impact throughout the current consolidated fiscal year and reflected this in its impairment testing and assessment of the recoverability of deferred tax assets. The stated period of risk impact has been explicitly extended. - FY2021-Q1MaterialisedAnnual report
「Our Group’s business performance has been affected by a decline in inbound consumption due to border restrictions associated with the spread of COVID-19, as well as the suspension of sports activities and extracurricular clubs, temporary closures of various stores, and the suspension of operations at automobile plants and other facilities. We expect these conditions to continue to some extent during the current consolidated fiscal year and, at least through the end of the second quarter of the current consolidated fiscal year, are assessing impairment of fixed assets and the recoverability of deferred tax assets on the assumption that they will continue to be affected.」
The pandemic risk associated with COVID-19 has materialized through its impact on inbound consumption, sports and extracurricular activities, stores, automobile plants and other areas. Accounting assessments are being made on the assumption that the impact will continue at least through the end of the second quarter of the current fiscal year. - FY2020First statedAnnual report
「Our Group operates by establishing multiple business and logistics sites and has prepared business continuity plans (BCPs) and emergency response rules, while introducing telework and other work arrangements. However, if a pandemic such as the spread of COVID-19 occurs on a scale exceeding expectations, substantially restricts social and economic activity and makes it difficult to operate our Group’s business sites, significantly suppresses consumption of our Group’s products and services, or disrupts the supply chain, including the procurement of raw materials, it may adversely affect our Group’s business results and other conditions.」
The company first identified pandemics such as COVID-19 as a standalone major risk. It stated that the spread of infection affected inbound demand, store operations, automobile plants and other areas during the fiscal year, indicating that the risk had affected actual business performance.