Restrictions on Business Activities and Sluggish Demand Due to the Spread of COVID-19

「In Japan, COVID-19 was reclassified under the Infectious Diseases Control Law as a Category V disease. Although the economy is on a gradual recovery track supported by an increase in visitors to Japan and firm personal consumption, the outlook is expected to remain uncertain as the country enters a phase of excess-inventory adjustment due to rising consumer prices caused by the substantially weaker yen and persistently high resource prices, as well as weaker external demand.」

「In Japan, COVID-19 was reclassified under the Infectious Diseases Control Law as a Category V disease. Although the economy is on a gradual recovery track supported by firm personal consumption, the outlook is expected to remain uncertain as the country enters a phase of caution over rising consumer prices caused by the substantially weaker yen and persistently high resource prices, as well as excess inventories resulting from weaker external demand.」

「・Suspension of operations and reduced production due to employees contracting an infectious disease ・Delays in the delivery of raw materials and shipment of products ・Formulation and timely review of BCP and BCM plans」

「In Japan, economic and social activity and measures to control COVID-19 progressed in tandem, and the economy was on a gradual recovery track. However, conditions remained difficult due to the rapid depreciation of the yen, higher resource prices and consumer prices, and shortages of parts and semiconductors caused by global supply-chain disruptions. The outlook remains uncertain due to concerns about an economic slowdown resulting from anti-inflation measures in various countries, as well as geopolitical risks.」

「In Japan, economic and social activity was moving toward normalization as vaccinations and other measures against COVID-19 progressed, but conditions remained difficult due to a rapid depreciation of the yen against the dollar, further increases in resource prices and consumer prices, and the rapid spread of a new variant in the seventh wave. The outlook is also expected to remain uncertain due to the renewed spread of COVID-19 variants and geopolitical risks.」

「In Japan, as economic and social activity moved toward normalization with progress in vaccinations and other measures against COVID-19, consumer prices rose due to a substantial decline in the yen's value and further increases in resource prices. The outlook is also expected to remain uncertain due to the renewed spread of COVID-19 variants and geopolitical risks.」

「Looking ahead, economic activity is expected to recover as a result of measures to contain the spread of highly infectious variants, but conditions are expected to remain uncertain, with concerns including accelerating inflation due to persistently high crude oil prices and prolonged tightness in global supply and demand for commodities.」

「During the cumulative second quarter of the fiscal year, the global economy showed signs of recovery due to the effectiveness of measures taken by countries to prevent the spread of COVID-19 and the normalization of economic activity in the United States and China. However, it remained in a difficult situation from July onward due to the renewed spread of infections caused by variants. Although a recovery in economic activity is expected as the spread of infection is contained through measures such as vaccination, the outlook remains uncertain.」

「During the cumulative first quarter of the fiscal year, the global economy was affected by the COVID-19 pandemic, but economic policies and measures to prevent the spread of infection were implemented in various countries, and economic activity began to normalize, particularly in the United States and China as vaccinations progressed. The economy was therefore on a recovery track in the near term. However, the outlook is expected to remain uncertain due to downside risks, including the renewed spread of infection resulting from an increase in COVID-19 variants.」

「Spread of infectious diseases ・Suspension of operations and reduced production due to employees contracting an infectious disease ・Delays in the delivery of raw materials and shipment of products ・Formulation and timely review of BCP and BCM plans」

「During the third quarter of the current consolidated cumulative period, the Japanese economy remained in a difficult situation as the global spread of COVID-19 caused economic activity to stagnate and personal consumption to weaken. Although the economy began to recover as economic activity resumed, infections have recently been spreading again, and the outlook remains uncertain.」

「During the second quarter of the current consolidated cumulative period, the Japanese economy deteriorated rapidly as the global spread of COVID-19 caused economic activity to stagnate and personal consumption to weaken. Although economic activity gradually resumed and began to recover after the state of emergency was lifted, the outlook remained uncertain.」

「During the first quarter of the current consolidated cumulative period, the Japanese economy deteriorated rapidly as the global spread of COVID-19 caused economic activity to stagnate and personal consumption to weaken. There are also concerns that the future spread of the infection in Japan and overseas may be prolonged, leaving the outlook extremely uncertain. Against this backdrop, the Group's business activities were restricted by the spread of COVID-19,」