Impact on Performance from the Spread and Prolonged Impact of COVID-19
First written in FY2020. 3 of 14 entries say "Worsened", first in FY2021-Q1. Latest entry: FY2025.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2025DroppedAnnual report
「Risks related to large-scale disasters and pandemics」
Individual references to the impact and prolonged duration of COVID-19 have been removed, and the risks have been consolidated into the general category of large-scale disasters and pandemics. - FY2024-Q1MitigatedAnnual report
「While domestic consumer activity showed signs of recovery as various restrictions were gradually eased following the reclassification of COVID-19 as a Category V disease under the Infectious Diseases Control Law,」
The company stated that domestic consumer activity was on a recovery trend as COVID-19 was reclassified as a Category V disease and various restrictions were gradually eased. Although the business-environment risk from the pandemic had shifted toward further easing from the previous level, uncertainty due to resource prices and foreign exchange fluctuations remained. - FY2023Easing pandemic impact alongside geopolitical risksAnnual report
「Although restrictions on economic activity in Japan had been eased as COVID-19 vaccinations progressed, uncertainty about the outlook remained due to concerns about a renewed spread of variants and the worsening situation in Ukraine.」
While vaccinations led to further easing of restrictions on economic activity, the company newly noted uncertainty arising from the renewed spread of variants and the worsening situation in Ukraine. - FY2023-Q3RestatedAnnual report
「Consumer activity was gradually returning to normal as restrictions were eased with the wider availability of COVID-19 vaccinations, but the economic outlook remained uncertain due to surging resource prices against the backdrop of the Russia-Ukraine situation, monetary easing measures in Japan and the United States, and significant foreign exchange fluctuations arising from differences in economic conditions.」
Consumer activity was moving toward normalization as vaccinations increased and activity restrictions were eased, while economic uncertainty due to surging resource prices and foreign exchange fluctuations persisted. - FY2023-Q2Easing pandemic impact alongside continued resource and foreign exchange risksAnnual report
「Consumer activity was gradually returning to normal as restrictions were eased with the wider availability of COVID-19 vaccinations, but the economic outlook remained uncertain due to surging resource prices against the backdrop of the Russia-Ukraine situation, monetary easing measures in Japan and the United States, and significant foreign exchange fluctuations arising from differences in economic conditions.」
Consumer activity was moving toward normalization as vaccination rates increased and activity restrictions were eased, while new sources of uncertainty, including surging resource prices against the backdrop of the Russia-Ukraine situation and significant foreign exchange fluctuations, persisted. - FY2023-Q1Easing pandemic impact and new sources of uncertaintyAnnual report
「During the cumulative first quarter of the current fiscal year, Japan's economy remained subject to an uncertain outlook. Consumer activity was gradually returning to normal as restrictions were eased with the wider availability of COVID-19 vaccinations, but volatility in foreign exchange markets against the backdrop of the Russia-Ukraine situation and surging resource prices continued to weigh on the economic outlook.」
Consumer activity was moving toward normalization as vaccination rates increased and activity restrictions were eased, while uncertainty about the outlook persisted due to the Russia-Ukraine situation, foreign exchange volatility and surging resource prices. - FY2022Continued recovery in industry sales alongside uncertaintyAnnual report
「According to the latest statistics (Ministry of Economy, Trade and Industry, preliminary March report of the Current Survey of Selected Service Industries), domestic IT industry sales continued to show positive growth in 2021, up 3.5% year on year compared with 0.4% growth in 2020. However, as noted above, amid the recent impact of COVID-19 and other factors, we recognize that the outlook is extremely uncertain.」
Domestic IT industry sales showed signs of recovery, increasing 3.5% year on year in 2021, while uncertainty about the outlook due to COVID-19 and other factors persisted. - FY2022-Q3Continued recovery in industry sales alongside uncertaintyAnnual report
「Japan's economy experienced a significant stagnation in personal consumption and corporate activity due to the issuance of states of emergency and the impact of priority preventive measures as the spread of COVID-19 continued, while new ways of working and living also became more widespread. Although the effects of various measures, including the increased availability of vaccinations, are expected to be seen in the near term, the outlook remains uncertain. According to the latest statistics (Ministry of Economy, Trade and Industry, preliminary November report of the Current Survey of Selected Service Industries), domestic IT industry sales continued to show positive growth in 2020, up 0.4% year on year compared with 4.0% growth in 2019, and increased 7.6% year on year in November 2021.」
Although the outlook remained uncertain due to the prolonged COVID-19 pandemic, domestic IT industry sales increased 7.6% year on year in November 2021, and the industry's sales recovery continued. - FY2022-Q2Industry sales turn positiveAnnual report
「According to the latest statistics (Ministry of Economy, Trade and Industry, preliminary August report of the Current Survey of Selected Service Industries), domestic IT industry sales continued to show positive growth in 2020, up 0.4% year on year compared with 4.0% growth in 2019, and increased 3.4% year on year in August 2021.」
Domestic IT industry sales increased 3.4% year on year in August 2021, turning positive from the decline in the same period of the previous year. The same filing also stated that the outlook remained uncertain due to the prolonged COVID-19 pandemic and other factors. - FY2021Recovery in industry sales alongside continued uncertaintyAnnual report
「Sales in 2020 continued to show positive growth, up 0.4% year on year, compared with a 4.0% year-on-year increase in 2019. However, as noted above, amid the recent expansion of the impact of COVID-19, we recognize that the outlook is extremely uncertain.」
Domestic IT industry sales recovered from the previous year's decline, increasing 0.4% year on year, while the outlook remained extremely uncertain due to the impact of COVID-19. - FY2021-Q3WorsenedAnnual report
「The domestic IT industry had continued to show positive growth, with 2019 sales up 4.0% year on year according to the latest statistics (Ministry of Economy, Trade and Industry, preliminary November report of the Current Survey of Selected Service Industries), compared with 1.5% year-on-year growth in 2018. However, amid the recent expansion of the impact of COVID-19, sales from August 2020 onward turned negative year on year for four consecutive months, and we recognize that the outlook is extremely uncertain.」
Due to the impact of COVID-19, domestic IT industry sales declined year on year for four consecutive months from August 2020, increasing uncertainty about the outlook. - FY2021-Q2WorsenedAnnual report
「The domestic IT industry had continued to show positive growth, with 2019 sales up 4.0% year on year according to the latest statistics (Ministry of Economy, Trade and Industry, preliminary August report of the Current Survey of Selected Service Industries), compared with 1.5% year-on-year growth in 2018. However, amid the recent expansion of the impact of COVID-19, sales in August 2020 turned negative, down 3.5% from the same month of the previous year, and we recognize that the outlook is extremely uncertain.」
As the impact of COVID-19 continued to expand, domestic IT industry sales in August 2020 fell 3.5% year on year. The company described the outlook as still extremely uncertain. - FY2021-Q1WorsenedAnnual report
「The domestic IT industry had continued to show positive growth, with 2019 sales up 4.0% year on year according to the latest statistics (Ministry of Economy, Trade and Industry, preliminary May report of the Current Survey of Selected Service Industries), compared with 1.5% year-on-year growth in 2018. However, amid the recent expansion of the impact of COVID-19, sales in May 2020 turned negative, down 4.1% from the same month of the previous year, and we recognize that the outlook is extremely uncertain.」
Due to the expanding impact of COVID-19, domestic IT industry sales in May 2020 turned to a 4.1% year-on-year decline, and the outlook was described as extremely uncertain. In contrast, the company explained that the impact on its first-quarter performance was limited because of online sales and marketing, telework and other measures. - FY2020First statedAnnual report
「We recognize that the outlook is extremely uncertain due to the recent spread of the impact of COVID-19.」
The company explicitly identified the expanding impact of COVID-19 as a source of uncertainty in the business environment and future performance for the first time. It expects the impact to continue for approximately the next year, followed by a gradual recovery, but considers the timing of a complete resolution uncertain.