Impact of the Spread of COVID-19 on Business Activities and Customer IT Investment
First written in FY2022. 4 of 10 entries say "Mitigated", first in FY2024-Q1. Latest entry: FY2025.
3 other companies' latest entry also says "Dropped".
- FY2025DroppedAnnual reportThe FY2025 main text contains no explicit description of the impact of the spread of COVID-19 on business activities.
- FY2025-Q1MitigatedAnnual report
「During the cumulative first-quarter period ended 31 May 2024 (1 March 2024 to 31 May 2024), the Japanese economy continued to recover moderately as social and economic activity normalized following the end of the COVID-19 pandemic, corporate earnings improved and personal consumption showed signs of recovery, while the increase in human mobility driven by expanding inbound demand from a rise in the number of visitors to Japan also supported the recovery.」
The company continues to explain the normalization of social and economic activity following the end of the COVID-19 pandemic, indicating that the impact of the spread of infectious diseases on business activities has eased. - FY2024MitigatedAnnual report
「As social and economic activity normalized following the COVID-19 pandemic and inbound demand and other factors recovered, the economy was on an upward trend.」
The company continues to describe the normalization of social and economic activity following the COVID-19 pandemic, indicating that the impact of the spread of infectious diseases on business activities has eased compared with the past. - FY2024-Q3MitigatedAnnual report
「During the cumulative third-quarter period ended 30 November 2023 (1 March 2023 to 30 November 2023), the Japanese economy recovered moderately as social and economic activity normalized following the COVID-19 pandemic and employment and income conditions improved. However, the outlook remained uncertain due to concerns about an economic slowdown against a backdrop of rising prices, including energy prices, and global monetary tightening.」
The company explains that social and economic activity has continued to normalize following the COVID-19 pandemic, indicating that the impact of the spread of infectious diseases on business activities has eased compared with the past. However, uncertainty caused by rising prices and concerns about an economic slowdown continues. - FY2024-Q2WorsenedAnnual report
「However, the sharp increase in COVID-19 cases during the ninth wave in Japan, amid continued global monetary tightening, poses a downside risk to the domestic economy through a slowdown in overseas economies.」
While restrictions on economic and social activity have been eased, the company describes the sharp increase in COVID-19 cases during the ninth wave, again emphasizing uncertainty in the external environment, including infectious diseases. It does not disclose a specific loss amount for its own business. - FY2024-Q1MitigatedAnnual report
「During the cumulative first-quarter period ended 31 May 2023 (1 March 2023 to 31 May 2023), the Japanese economy was moving toward normalization of economic and social activity as COVID-19 was reclassified as a Class 5 infectious disease. However, it remained difficult to forecast future developments and their impact due to prolonged U.S.-China trade friction, the global semiconductor shortage, soaring raw-material prices, sharp fluctuations in crude-oil prices and the continuing depreciation of the yen.」
The company describes the reclassification of COVID-19 as a Class 5 infectious disease and the normalization of economic and social activity, indicating that its impact has eased compared with the past. However, uncertainty caused by other external environmental factors continues. - FY2023RestatedAnnual report
「It remains difficult to forecast future developments and their impact due to the continued spread of infectious diseases caused by new variants, prolonged U.S.-China trade friction, the global semiconductor shortage, soaring raw-material prices, and sharp fluctuations in crude-oil prices and foreign-exchange rates.」
The company continues to describe uncertainty in the external environment, including the renewed spread of infectious diseases. - FY2023-Q3RestatedAnnual report
「During the cumulative third-quarter period ended 30 November 2022 (1 March 2022 to 30 November 2022), the Japanese economy remained in an uncertain environment due to soaring resource and energy prices, interest-rate hikes by the United States and European countries in response to inflation risks, sharp foreign-exchange fluctuations, and the impact of COVID-19 on supply chains.」
The company continues to identify the impact of COVID-19 on supply chains as a source of uncertainty in the external environment. It does not disclose a specific loss amount for its own business. - FY2023-Q2WorsenedAnnual report
「However, economic conditions in Japan and overseas remain extremely uncertain, with a sharp increase in COVID-19 cases during the seventh wave in Japan, soaring energy and raw-material prices, and the rapid depreciation of the yen.」
The company describes the sharp increase in COVID-19 cases during the seventh wave, indicating greater uncertainty in the external environment. It does not disclose a specific loss amount for its own business. - FY2022First statedAnnual report
「The timing of the end of the COVID-19 pandemic remains uncertain, making it difficult to quantify the risk at present, but the company recognizes that there is a sufficient possibility that this risk will materialize.」
Measures include telework, staggered working hours, remote meetings, an infectious-disease response headquarters and cash management.