Risk of a market downturn due to the prolonged COVID-19 pandemic
First written in FY2020. 2 of 5 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2020: 111 of 174 companies on the "Worse" side.
56 other companies' latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「As COVID-19 has been reclassified as a Category 5 infectious disease, economic activity is gradually recovering.」
Regarding the risk of a market downturn resulting from the spread and prolongation of infections, the company describes the reclassification as a Category 5 infectious disease and the recovery in economic activity. - FY2023-H1MitigatedAnnual report
「Three years have passed since the spread of COVID-19 began, and the stabilization in infection numbers is accelerating the shift toward the post-COVID period.」
Regarding the risk of a market downturn resulting from the spread and prolongation of infections, the company describes the stabilization in infection numbers and the transition to the post-COVID period. - FY2022RestatedAnnual report
「However, if the market declines as infections spread further and the situation is prolonged, the Group’s operating results and financial condition may be adversely affected.」
The company continues to identify the risk of a market downturn resulting from the spread and prolongation of infections, with hygiene management, staggered working hours, working from home, web conferences and avoiding the “three Cs” as countermeasures. - FY2021RestatedAnnual report
「However, if the market declines as infections spread further and the situation is prolonged, the Group’s operating results and financial condition may be adversely affected.」
The company continues to disclose the risk of a market downturn resulting from the spread and prolongation of infections. It also lists hygiene management, staggered working hours, working from home, web conferences and avoiding the “three Cs” as countermeasures. - FY2020First statedAnnual report
「However, if infections spread further and the market declines because the containment of the pandemic is prolonged, the Group’s operating results and financial condition may be adversely affected.」
The company has newly established a standalone risk item concerning COVID-19. While deterioration in business conditions and lower sales resulting from the spread of infections had already been disclosed for the current fiscal year, a future market downturn resulting from a prolonged containment period is identified as a risk.