Uncertainty in the economic environment caused by COVID-19
First written in FY2022-Q3. 4 of 9 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2025RestatedAnnual report
「However, if a similar pandemic occurs in the future, causing socioeconomic activity to stagnate and business activities to fall short of expectations, it may affect our group’s business and performance.」
The company continues to describe both the past impact of COVID-19 and the risk of a similar pandemic in the future. - FY2024RestatedAnnual report
「If a similar pandemic occurs in the future, causing socioeconomic activity to stagnate and business activities to fall short of expectations, it may affect our group’s business and performance.」
While describing the past effects of COVID-19, the company continues to identify the potential impact of a similar future pandemic as a risk. - FY2024-Q1MitigatedAnnual report
「Although restrictions on movement imposed in response to COVID-19 were almost completely lifted, uncertainty over the future of the economy increased amid global inflation, policy rate hikes and rising geopolitical risks.」
The company stated that restrictions on movement related to COVID-19 had been almost completely lifted, indicating that the pandemic’s impact on economic activity had weakened further. - FY2023MitigatedAnnual report
「While economic recovery was expected as the effects of COVID-19 subsided, uncertainty over the outlook for Japan’s and the global economies increased due to higher resource and raw material prices associated with the prolonged situation in Ukraine and growing financial risks originating in US regional banks.」
The company’s recognition changed to an expectation of economic recovery as the effects of COVID-19 subsided, while other external environmental risks were also noted. - FY2023-Q3RestatedAnnual report
「While the impact of COVID-19 on economic activity was gradually weakening, prices rose sharply as higher resource and raw material prices associated with the prolonged situation in Ukraine acted as a trigger. Views of a difficult economic outlook strengthened, and business conditions deteriorated in some industries.」
The recognition that the impact of COVID-19 on economic activity was gradually weakening continued. - FY2023-Q2MitigatedAnnual report
「The impact of COVID-19 on economic activity is gradually weakening.」
The company stated that the impact of the pandemic on economic activity was gradually weakening, while uncertainty over the economic outlook was increasing due to other external factors. - FY2023-Q1RestatedAnnual report
「Although the impact of COVID-19 continued, Japan’s economy during the cumulative first quarter under review was on a moderate recovery track as economic activity moved toward normalization.」
The company noted that the impact of the pandemic continued while also indicating the normalization of economic activity and a recovery trend. - FY2022MaterialisedAnnual report
「In the HR business, service use for recruitment was affected by the cancellation of internships due to the spread of COVID-19 and stagnation in the recruitment market caused by deteriorating corporate earnings. In the education business, however, digitalization during the pandemic provided a tailwind, and the number of adopting schools expanded nationwide from Hokkaido to Okinawa.」
The company noted specific negative effects of the pandemic on the HR business, while digitalization provided a tailwind for the education business. - FY2022-Q3First statedAnnual report
「Japan’s economy remained in a difficult situation during the cumulative third quarter under review due to the impact of the COVID-19 pandemic. The outlook also remained uncertain, requiring continued monitoring of infection trends in Japan and overseas.」
The current impact of the pandemic and the uncertainty of the outlook were noted.