Impact of COVID-19 on Business Activities and Demand
First written in FY2020. 5 of 12 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2024-Q1.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024-Q1SoftenedAnnual report
「During the current consolidated cumulative period, Japan's economy continued to recover from the effects of COVID-19, and inbound demand supported business sentiment. However, uncertainty about the outlook remained due to the situation in Ukraine and rising prices resulting from the depreciation of the yen.」
The company indicates that the economy is recovering from the impact of COVID-19, and describes the infection's impact on the business environment less strongly than in the previous fiscal year. However, uncertainty about the outlook continues. - FY2023SoftenedAnnual report
「During the current consolidated fiscal year, Japan's economy showed signs of recovery, despite the continuing impact of COVID-19, as conditions moved toward easing, including moves to reclassify COVID-19 as a Class 5 disease.」
While acknowledging that the impact of COVID-19 remains, the company describes an environment moving toward easing and normalization, including moves to change its classification. - FY2023-Q2RestatedAnnual report
「Accounting estimates are being made on the assumption that COVID-19 will have no material impact on the Group. However, if the spread of COVID-19 is prolonged and economic conditions deteriorate, the Group's financial position and operating results may be affected.」
The company continues to maintain the accounting assumption that COVID-19 will have no material impact on the Group, while continuing to disclose the potential effects of a prolonged spread of the infection and economic deterioration. - FY2023-Q1RestatedAnnual report
「Accounting estimates are being made on the assumption that COVID-19 will have no material impact on the Group. However, if the spread of COVID-19 is prolonged and economic conditions deteriorate, the Group's financial position and operating results may be affected.」
The Group continues to maintain the accounting assumption that COVID-19 will have no material impact on the Group, while continuing to disclose the potential effects of a prolonged spread of the infection and economic deterioration. - FY2022-Q3RestatedAnnual report
「The Group's accounting estimates, including the recoverability of deferred tax assets, are made based on information available during the cumulative third quarter of the current consolidated fiscal year. Accounting estimates are being made on the assumption that COVID-19 will have no material impact on the Group. However, if the spread of COVID-19 is prolonged and economic conditions deteriorate, the Group's financial position and operating results may be affected.」
The Group continues to maintain the assumption that there will be no material impact on the Group, while continuing to disclose the potential effects of a prolonged spread of the infection and economic deterioration. - FY2022-Q2SoftenedAnnual report
「Accounting estimates are being made on the assumption that COVID-19 will have no material impact on the Group. However, if the spread of COVID-19 is prolonged and economic conditions deteriorate, the Group's financial position and operating results may be affected.」
While the accounting assumption has been changed to one of no material impact on the Group, the potential effects of a prolonged spread of the infection and economic deterioration continue to be disclosed. - FY2022-Q1MaterialisedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, Japan's economy remained in a difficult situation, as the resurgence of COVID-19 led to additional declarations of a state of emergency in some regions.」
The company states that the resurgence of COVID-19 and the declarations of a state of emergency have prolonged difficult economic conditions. - FY2021MaterialisedAnnual report
「The COVID-19 pandemic has not yet shown signs of ending, and uncertainty continues over whether conditions will normalize smoothly. The impact of the spread of the infection on the economy could reduce demand for the Company's products and services and materially affect business performance.」
The impact of COVID-19 continues, and accounting estimates are being made on the assumption that business activities and demand will be affected. The disclosure also notes delays in concluding contracts with certain customers in the fintech platform business. - FY2021-Q3MaterialisedAnnual report
「Accounting estimates have been made on the assumption that the impact of COVID-19 on the Group's business will continue for at least the entire consolidated fiscal year under review. If the spread of COVID-19 persists and economic conditions deteriorate, it could affect the Group's financial condition and operating results.」
Accounting estimates have been made on the assumption that the impact of COVID-19 on the business will continue throughout the consolidated fiscal year under review. Delays in executing contracts due to the spread of the infection continue to be disclosed. - FY2021-Q2MaterialisedAnnual report
「Although the spread of COVID-19 delayed the execution of contracts with some client companies, sales of MP-Cloud and PDCA-Cloud continued to perform steadily as the Company pursued new customer acquisition by shifting to a system centered on online business meetings.」
It is stated that the spread of COVID-19 actually caused delays in executing contracts with some client companies. - FY2021-Q1MaterialisedAnnual report
「Although the spread of COVID-19 delayed the execution of contracts with some client companies, sales of MP-Cloud and PDCA-Cloud continued to perform steadily as the Company pursued new customer acquisition by shifting to a system centered on online business meetings.」
It is stated that the spread of COVID-19 actually delayed the execution of contracts with some client companies. - FY2020First statedAnnual report
「If lockdowns, restrictions on leaving home or similar measures are implemented again because of the spread of an infectious disease, the Group's business activities may fail to progress as planned. In addition, the resulting impact on the economy could reduce demand for the Group's products and services and materially affect business performance.」
The spread of COVID-19 and restrictions on economic activity are identified as new external risks, with the possibility of delays in business progress and declining demand for products and services.