Impact of COVID-19 on the Services Industry
First written in FY2021-Q3. 7 of 11 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2025DroppedAnnual reportThe description of the economic environment and business risks for the fiscal year ended December 2025 makes no reference to direct effects of COVID-19 on the services industry.
- FY2024-H1RestatedAnnual report
「During the interim accounting period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
States that no new risks arose and no material changes were made to existing risks. No new changes concerning direct adverse effects of COVID-19 on the services industry are described. - FY2024-Q1RestatedAnnual report
「During the cumulative first quarter, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
States that no new risks arose and no material changes were made to existing risks. COVID-19 is described as the background to the establishment of online recruitment, rather than as a direct adverse effect on the services industry. - FY2023-Q3RestatedAnnual report
「During the cumulative third-quarter period, Japan’s economy was supported by the change in the classification of COVID-19 from Class 2 to Class 5, which supported economic and social activity.」
Continues the recognition from the previous quarter that the change in COVID-19’s classification supported economic and social activity. - FY2023-Q2SoftenedAnnual report
「During the cumulative second-quarter period, Japan’s economy was supported by the change in the classification of COVID-19 from Class 2 to Class 5, which supported economic and social activity.」
States that the change in COVID-19’s classification supported economic and social activity, further moderating the expression of the risk by making no reference to direct adverse effects on the services industry. - FY2023-Q1RestatedAnnual report
「During the cumulative first-quarter period, Japan’s economy showed signs of recovery, partly due to the effects of various policies aimed at achieving coexistence with COVID-19. However, the outlook for the economy remained uncertain because of the prolonged situation in Ukraine, volatility in financial and capital markets and rising prices.」
Describes an economic recovery supported by coexistence with COVID-19 and policy effects, without the previous emphasis on direct adverse effects on the services industry. The more moderate assessment of the economic environment, including COVID-19, continues. - FY2022RestatedAnnual report
「During the fiscal year, Japan’s economy experienced another spread of COVID-19, but economic activity was returning to normal as restrictions on movement were eased, and the economy showed signs of recovery.」
Continues the more moderate assessment from the previous quarter: the normalization of socioeconomic activity following eased restrictions and an economic recovery, while referring to another spread of COVID-19. - FY2022-Q3SoftenedAnnual report
「During the cumulative third-quarter period, Japan’s economy experienced another spread of COVID-19, but economic activity was returning to normal as restrictions on movement were eased, and the economy showed signs of recovery.」
Although it refers to another spread of COVID-19, it describes the normalization of socioeconomic activity following eased restrictions and an economic recovery, with no direct reference to the previously difficult conditions in the services industry. - FY2022-Q2RestatedAnnual report
「During the cumulative second-quarter period, Japan’s economy continued to face difficult business conditions in the services industry, including restaurants and travel, as the spread of COVID-19 continued.」
Continues to describe the ongoing spread of COVID-19 and difficult conditions in the services industry as an external factor. The risk was not quantified and its impact had materialized. - FY2022-Q1RestatedAnnual report
「As the spread of COVID-19 continued, the services industry, including restaurants and travel, continued to experience difficult business conditions.」
Continues to describe the ongoing spread of COVID-19 and difficult conditions in the services industry as an external factor. - FY2021-Q3MaterialisedAnnual report
「Although the services industry, including restaurants and travel, remained under severe conditions as the re-emergence of COVID-19 led to the reissuance of states of emergency and an expansion of the areas covered, significant differences emerged between industries, with manufacturing companies benefiting from external demand achieving a rapid recovery in performance.」
States that difficult conditions continued in the services industry against the backdrop of the resurgence of COVID-19 and the expansion of the state of emergency.