Market contraction and economic impact from prolonged spread of the infection
First written in FY2021. 5 of 9 entries say "Restated". Latest entry: FY2024-Q2.
The whole theme swung hardest in 2020: 112 of 175 companies on the "Worse" side.
35 other companies' latest entry also says "Restated".
- FY2024-Q2RestatedAnnual report
「During the cumulative second-quarter period, Japan's economy saw economic and social activity moving toward normalization as COVID-19 was brought under control, while」
The view that COVID-19 was being brought under control and economic and social activity was moving toward normalization was reaffirmed. - FY2024-Q1SoftenedAnnual report
「During the cumulative first-quarter period, Japan's economy saw economic and social activity moving toward normalization as COVID-19 was brought under control, while」
The description changed to state that COVID-19 was being brought under control and economic and social activity was moving toward normalization. - FY2023RestatedAnnual report
「While restrictions related to COVID-19 were eased and the associated normalization of economic activity progressed,」
The view that restrictions on economic activity due to the infectious disease had been eased and activity was normalizing was reaffirmed. - FY2023-Q3SoftenedAnnual report
「During the cumulative third-quarter period, Japan's economy saw restrictions related to COVID-19 eased and economic activity move toward normalization, while」
The company stated that restrictions related to COVID-19 had been eased and economic activity was moving toward normalization. At the same time, uncertainty remained due to international conditions, rising prices and other factors. - FY2023-Q1RestatedAnnual report
「Although restrictions on economic activity resulting from COVID-19 were eased, the spread of new variants accelerated. In addition, uncertainty about the outlook has been increasing due to the prolonged situation in Ukraine, rising prices and tighter monetary policy in various countries.」
The risks of economic impact from the spread of infection, the situation in Ukraine, soaring prices and monetary tightening were reaffirmed. - FY2022RestatedAnnual report
「If the infection does not move toward containment in Japan and other major countries, and continues to spread for several more years, serious economic effects are expected, including market contraction and a decline in personal consumption.」
The risks of market contraction and economic impact if the spread of infection is prolonged were reiterated. - FY2022-Q2RestatedAnnual report
「Although the number of new COVID-19 cases had been trending downward as vaccination rates rose and various measures to prevent the spread of infection were implemented, cases increased again following the rapid spread of the Omicron variant, and the situation remains uncertain.」
The renewed increase in infections due to the Omicron variant and the uncertainty of the economic environment were reaffirmed. - FY2022-Q1WorsenedAnnual report
「Although the number of new COVID-19 cases had been trending downward as vaccination rates rose and various measures to prevent the spread of infection were implemented, cases increased again following the rapid spread of the Omicron variant, and the situation remains uncertain.」
The company disclosed the rapid spread of the Omicron variant and the subsequent increase in infections. It also explained that demand for its services remained firm in terms of the impact on the business. - FY2021First statedAnnual report
「The impact of COVID-19 on our financial position and operating results is currently limited. However, if the infection does not move toward containment in Japan and other major countries, and continues to spread for several more years, serious economic effects are expected, including market contraction and a decline in personal consumption.」
While the spread of infection had already occurred and some customers had requested cancellations and price reductions, the company explained that the overall impact was limited.