Business Impact of COVID-19
First written in FY2020-Q2. 5 of 10 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2023MitigatedAnnual report
「The industry in which our group operates is relatively unlikely to be directly affected by the spread of COVID-19, and as of the date of submission of this document, there are no matters that have had a significant impact on the group's business or operating results. The Company will continue to monitor developments in preparation for unforeseen circumstances.」
Against the backdrop of COVID-19 being classified as a Class 5 disease and the normalization of socioeconomic activity, the Company indicated that there were no matters having a significant impact on the business or operating results as of the date of submission. At the same time, it continues to monitor potential unforeseen events. - FY2023-Q1RestatedAnnual report
「During the three months ended, Japan's economy was expected to recover, supported by the easing of COVID-19-related restrictions and the effects of various policies. However, continued attention needs to be paid to the impact of overseas monetary policy, inflation, supply constraints, volatility in the financial and capital markets, and infection trends in neighboring countries.」
While indicating expectations for the easing of restrictions related to COVID-19 and an economic recovery, the Company continues to monitor the impact of developments in neighboring countries' infections and other factors. - FY2022-Q3RestatedAnnual report
「During the nine months ended, Japan's economy was expected to recover as socioeconomic activity normalized alongside progress in COVID-19 vaccinations and the effects of various policies. However, amid uncertainty arising from the situation in Ukraine and other factors, close attention needs to be paid to the impact of rising raw material prices, supply constraints, and volatility in the financial and capital markets.」
While indicating progress in vaccination and the normalization of socioeconomic activity, the Company continues to closely monitor the impact of external conditions, including COVID-19. - FY2022-Q1WorsenedAnnual report
「Although Japan's economy during the cumulative first quarter was expected to continue showing signs of recovery, supported by the effects of measures to prevent the spread of COVID-19 and various government policies, the timing of containment remains uncertain due to the emergence of variants and the global spread of the disease.」
The Company described the emergence of variants, the global spread of COVID-19 and the lack of a clear outlook for containment, thereby highlighting external-environment risks. - FY2021MitigatedAnnual report
「The smartphone gaming industry in which our group operates is relatively unlikely to be directly affected by the spread of COVID-19, and as of the date of submission of this document, there are no matters that have had a significant impact on the group's business or operating results. The Company will continue to closely monitor developments, but depending on when the infection subsides and how other conditions develop, COVID-19 may have a material impact on the group's financial position and operating results.」
Compared with the highly uncertain description in the previous fiscal year, the Company indicated that there had been no significant impact on the business or operating results as of the current date. However, the possibility of future effects depending on when the infection subsides and other factors remains. - FY2021-Q3RestatedAnnual report
「Although the situation concerning COVID-19 is changing from day to day, there have been no material changes in the assumptions described in the previous fiscal year's securities report (Additional Information), including assumptions concerning when the infection will subside. The Company has made its best estimates based on information available as of the date of preparation of this document, but if actual developments differ from the assumptions, the group's financial position, operating results and cash flows may be affected.」
While there have been no material changes in the accounting assumptions concerning when COVID-19 will subside, the Company continues to state that actual developments may affect its financial position, operating results and cash flows if they diverge from the assumptions. - FY2021-Q2RestatedAnnual report
「Although the situation concerning COVID-19 is changing from day to day, there have been no material changes in the assumptions described in the previous fiscal year's securities report (Additional Information), including assumptions concerning when the infection will subside. The Company has made its best estimates based on information available as of the date of preparation of this document, but if actual developments differ from the assumptions, the group's financial position, operating results and cash flows may be affected.」
While there have been no material changes in the accounting assumptions concerning when COVID-19 will subside, the Company continues to state that actual developments may affect its financial position, operating results and cash flows if they diverge from the assumptions. - FY2021-Q1RestatedAnnual report
「Although the situation concerning COVID-19 is changing from day to day, there have been no material changes in the assumptions described in the previous fiscal year's securities report (Additional Information), including assumptions concerning when the infection will subside. The Company has made its best estimates based on information available as of the date of preparation of this document, but if actual developments differ from the assumptions, the group's financial position, operating results and cash flows may be affected.」
While the accounting assumptions concerning when COVID-19 will subside have not changed, the Company continues to state that actual developments may affect its financial position, operating results and cash flows if they diverge from the assumptions. - FY2020-Q3WorsenedAnnual report
「The Company will continue to closely monitor developments concerning the impact of COVID-19 on the business of the group. Depending on when the infection subsides and how other conditions develop, COVID-19 may affect the group's financial position and operating results. Since the state of emergency was lifted on 25 May, socioeconomic activity has been gradually eased under the “new lifestyle.” However, given concerns about the spread of a second wave, the Company has prepared its estimates, including impairment of fixed assets and the recoverability of deferred tax assets, based on the assumption that the spread of the infection will subside and the economy will make a full recovery by the fiscal year ending September 2021. The timing of the end of COVID-19 remains uncertain, and if a prolonged impact makes the above assumptions unlikely to be achieved, losses may arise in the future.」
The description has been expanded from the previous statement that the Company would monitor developments to specify the potential impact on the financial position and operating results, the assumption of containment and recovery by the fiscal year ending September 2021, and the possibility of future losses if that assumption fails. - FY2020-Q2First statedAnnual report
「With respect to the impact of COVID-19 on the business, the Company will continue to closely monitor developments.」
The Company explicitly identified the impact of COVID-19 on the business as a new risk and indicated that it would closely monitor developments.