Risk of economic slowdown and business suspension due to COVID-19
First written in FY2020. 6 of 13 entries say "Restated". Latest entry: FY2024-Q1.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024-Q1MitigatedAnnual report
「During the first quarter of the current consolidated cumulative period, Japan's economy saw personal consumption recover as restrictions on movement were eased following the reclassification of novel coronavirus disease to Category 5.」
The company stated that personal consumption recovered following the reclassification of novel coronavirus disease to Category 5 and the easing of movement restrictions, indicating that the impact of infection-related economic stagnation had eased from before. - FY2023RestatedAnnual report
「Although economic and social activity was showing signs of normalization and the economy was beginning to recover, the end of the spread of novel coronavirus disease was still unforeseeable. However, no significant impact had occurred at our group.」
Although the end of the infection could not be foreseen, the company continued to assess that no significant impact had occurred at our group. - FY2023-Q3RestatedAnnual report
「Although economic and social activity was showing signs of normalization and the economy was beginning to recover, the end of the spread of novel coronavirus disease was still unforeseeable. However, no significant impact had occurred at our group.」
Although the end of the infection could not be foreseen, the company continued to assess that no significant impact had occurred at our group. - FY2023-Q1RestatedAnnual report
「Although economic and social activity was showing signs of normalization and the economy was beginning to recover, the end of the spread of novel coronavirus disease was still unforeseeable. However, no significant impact had occurred at our group.」
Although the end of the infection could not be foreseen, the company continued to assess that no significant impact had occurred at our group. - FY2022RestatedAnnual report
「Although the spread of novel coronavirus disease has had a broad impact on economic and corporate activities, no significant impact has occurred at our group.」
While recognizing the infection's broad impact and future uncertainty, the company reaffirmed its assessment that no significant impact had occurred at our group during the consolidated fiscal year under review. - FY2022-Q3RestatedAnnual report
「Although the spread of novel coronavirus disease has had a broad impact on economic and corporate activities, no significant impact has occurred at our group.」
While recognizing the infection's broad impact and future uncertainty, the company reaffirmed its assessment that no significant impact had occurred at our group as of the third quarter under review. - FY2022-Q2MitigatedAnnual report
「Although the spread of novel coronavirus disease has had a broad impact on economic and corporate activities, no significant impact has occurred at our group.」
While recognizing the infection's broad impact and future uncertainty, the company stated that no significant impact had occurred at our group as of the second quarter under review, softening its assessment of the impact on performance through the previous period. - FY2022-Q1MitigatedAnnual report
「Although the spread of novel coronavirus disease has had a broad impact on economic and corporate activities, no significant impact has occurred at our group.」
The company stated that the infection had a broad impact on economic and corporate activities, while noting that no significant impact had occurred at our group. - FY2021RestatedAnnual report
「During the fiscal year under review, Japan's economy remained constrained by the unabated spread of COVID-19, and social and economic activity was severely restricted by the declaration of a state of emergency on 2 occasions. Since the start of the year, the infection situation has become more serious, and the uncertain outlook has continued.」
The spread of the infection, 2 declarations of a state of emergency and the deterioration in infection conditions after the start of the new year have prolonged economic stagnation, the impact on business and uncertainty about the outlook. - FY2021-Q3WorsenedAnnual report
「Following a sharp subsequent increase in infections, economic measures targeting the travel and food-service industries were suspended, and a state of emergency was declared again at the start of the year, making the outlook for the economy even more uncertain.」
Regarding the economic stagnation caused by the infection, a sharp increase in infections, the suspension of economic measures and the reissuance of a state of emergency were cited, indicating greater economic impact and uncertainty. - FY2021-Q2Coexistence of a recovery trend and the continued spread of the infectionAnnual report
「During the second quarter of the current consolidated cumulative period, the global economy was recovering from the sharp deterioration caused by the worldwide COVID-19 pandemic, but economic activity remained sluggish as the increase in new infections continued unabated.」
Although signs of recovery from the sharp economic deterioration caused by the infection emerged, the number of new cases continued to rise, and the impact on the business, including lower orders for functional materials, also continued. - FY2021-Q1MaterialisedAnnual report
「During the first quarter of the current consolidated cumulative period, the global economy fell into considerable turmoil as the worldwide spread of novel coronavirus disease led many countries to impose lockdowns and movement restrictions. Although these measures were lifted or eased after a certain period, the spread of the infection did not subside, and, with the intensifying conflict between the United States and China progressing at the same time, the future economic environment became unpredictable.」
Lockdowns, movement restrictions and economic disruption associated with the global spread of the infection actually occurred, affecting business performance through stalled production activities in Japan and overseas and lower orders for functional materials and other products. Although the risk section stated that there were no new risks or significant changes, the business-performance discussion described the continuing impact. - FY2020First statedAnnual report
「The novel coronavirus disease that emerged in China at the end of last year spread from neighboring countries to the rest of the world after the start of the new year.」
The company explicitly identified economic stagnation caused by the global spread of novel coronavirus disease, employees being required to stay home if infected, and the possibility of suspending critical functions, production lines and sites as new major risks. Lower orders due to the spread of the infection and impairment losses on affiliates and equipment actually occurred during the period.