Impact of COVID-19 on Economic Activity and Markets
First written in FY2020-Q1. 3 of 9 entries say "Restated". Latest entry: FY2022-Q2.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2022-Q2WorsenedAnnual report
「In the automotive industry closely related to our Group, production adjustments were implemented due to the global semiconductor shortage, logistics disruptions and plant shutdowns caused by a surge in infections with the Omicron variant of COVID-19.」
The impact of COVID-19 emerged in factory shutdowns caused by a sharp increase in Omicron infections and adjustments to automobile production, meaning that the earlier effects have continued and become more pronounced. - FY2022-Q1RestatedAnnual report
「In the automotive industry, which is closely related to our group, major automakers continued to reduce production volumes because of the global semiconductor shortage and supply chain disruptions caused by the spread of COVID-19.」
Production cuts due to the pandemic and supply chain disruptions have continued. - FY2021WorsenedAnnual report
「The spread of COVID-19 has disrupted economic activity in Japan and overseas, resulting in lower sales demand and production cuts, among other effects, while uncertainty over the outlook for the global economy continues. The timing of the end of the COVID-19 pandemic remains uncertain, and further declines in sales demand and production may affect the company going forward.」
The impact of the pandemic has already emerged in the form of lower sales demand and production cuts, and the company has disclosed the possibility of further declines in demand and production because the timing of its end remains uncertain. - FY2021-Q3RestatedAnnual report
「Although the impact of COVID-19 remains and there is still no clear end in sight,」
The company continues to recognize that the impact of COVID-19 remains and that there is still no clear end in sight. - FY2021-Q2MitigatedAnnual report
「The global economy, which had slowed due to the impact of COVID-19, moved toward recovery as economic activity continued to recover in China, which reopened its economy early, and the United States also progressed with reopening its economy following an accelerated pace of vaccinations and the effects of additional economic measures.」
Although the impact of COVID-19 has continued, the global economy has begun to recover as economic activity resumed in China and the United States. - FY2021-Q1WorsenedAnnual report
「Japan's economy saw private consumption recover on the back of economic measures and the recovery in demand in China, but conditions in the market became challenging after the novel coronavirus resurged in early 2021 and the reissuance of a state of emergency affected economic activity.」
The resurgence of infections and the reissuance of a state of emergency affected economic activity, and severe market conditions have continued. - FY2020-Q3RestatedAnnual report
「If the spread of COVID-19 continues for an extended period, it may affect the business activities of our group and its ability to secure earnings.」
The potential impact on business activities and the ability to secure earnings if the spread of COVID-19 continues for an extended period remains disclosed. - FY2020-Q2MaterialisedAnnual report
「During the six months ended the second quarter of the current fiscal year, the business environment surrounding our Group became increasingly challenging because, in addition to the economic slowdown in East Asian countries, including China, the spread of COVID-19 restricted economic activity worldwide.」
Risks identified in the previous quarter, including restrictions on economic activity worldwide due to the spread of COVID-19, declines in automobile production and sales, and lower overseas sales, materialized in the business environment and operating performance. At the same time, the risk section states that the period had not had a significant impact on the financial position or operating results. - FY2020-Q1First statedAnnual report
「During the first quarter of the current fiscal year, the business environment surrounding our Group became increasingly challenging due to the impact on economic activity of COVID-19 from the beginning of 2020, in addition to U.S.-China trade friction and an economic slowdown spreading across East Asian countries, including China.」
The impact of COVID-19 on economic activity was disclosed explicitly for the first time, and the market environment was described as having become increasingly severe.