Impact of COVID-19 on Business Activities and Performance
First written in FY2020. 4 of 10 entries say "Worsened", first in FY2021-Q3. Latest entry: FY2023-Q3.
The whole theme swung hardest in 2020: 119 of 169 companies on the "Worse" side.
47 other companies' latest entry also says "Mitigated".
- FY2023-Q3MitigatedAnnual report
「In Japan, the economy recovered moderately as various restrictions imposed as countermeasures against the pandemic were eased and economic activity moved toward normalization.」
The disclosure changed to state that various restrictions imposed as countermeasures against the pandemic had been eased and economic activity had moved toward normalization. Concerns about weaker consumption remained. - FY2023-Q2ReframedAnnual report
「In Japan, the number of infections reached a record high during the seventh wave of COVID-19, while developments toward an economic recovery under a coexistence-with-COVID approach were also seen as restrictions on activity and entry were gradually eased.」
While the spread of infections during the seventh wave continued, the easing of restrictions on activity and entry and developments toward an economic recovery under a coexistence-with-COVID approach were also described, resulting in a more balanced account of the impact. - FY2023-Q1WorsenedAnnual report
「During the three-month consolidated period under review, the global economy remained in a difficult situation, affected by soaring resource and energy prices and supply-chain disruptions against a backdrop including lockdowns in major Chinese cities in response to the spread of COVID-19 and worsening conditions in Ukraine.」
Regarding the impact of the spread of COVID-19, lockdowns in major Chinese cities were described as a new source of deterioration through their effects on the global economy, resource prices and supply chain disruptions. - FY2022-Q3WorsenedAnnual report
「In addition to the spread of the Omicron variant, corporate business activity remained in a difficult environment, as surging crude oil and oil and fat prices pushed up raw material costs.」
In addition to the spread of the Omicron variant, rising raw material costs due to surging crude oil and oil and fat prices were described as a burden on business activity. - FY2022-Q2WorsenedAnnual report
「In Japan, strict restrictions on activity were imposed, including the reissuance of a state of emergency due to the impact of COVID-19 variants, while developments supporting an acceleration of economic activity, such as the spread of vaccinations and the holding of the Tokyo Olympics, were also seen.」
While developments toward accelerating economic activity through the spread of vaccinations and other measures were seen, the disclosure also described the reissuance of a state of emergency and strict restrictions on activity due to variants, indicating that the pandemic risk continued and intensified. - FY2022-Q1MitigatedAnnual report
「As COVID-19 vaccinations progressed, economic activity gradually resumed, and clear signs of an economic recovery were seen in some regions, including China. In Japan, expectations for the resumption of economic activity increased as vaccinations for older people progressed, but the outlook remained uncertain because infection levels in major cities continued to require caution, including the issuance of the third state of emergency in April 2021.」
Signs of a recovery driven by vaccinations and the resumption of economic activity emerged, representing a shift toward easing compared with the previous quarter, but infection levels and uncertainty about the outlook continued. - FY2021-Q3WorsenedAnnual report
「During the nine-month consolidated period under review, the Japanese economy was subject to substantial restrictions on private consumption and corporate activity due to the resurgence of COVID-19. The timing of the end of the outbreak remains unforeseeable, and the outlook continues to be uncertain.」
The situation has deteriorated as the renewed spread of COVID-19 has severely restricted personal consumption and corporate activity, while the timing of the pandemic's end remains unforeseeable. - FY2021-Q2RestatedAnnual report
「During the six-month consolidated period under review, the Japanese economy showed signs of recovery as economic activity gradually resumed, although the spread of COVID-19 continued to have a serious impact on the global economy and the outlook remained uncertain.」
The severe impact of the spread of COVID-19 on the global economy and uncertainty in the business environment continue. Additional information states that there have been no significant changes to the assumptions concerning the impact of the pandemic in the previous fiscal year. - FY2021-Q1MaterialisedAnnual report
「Sales of oleochemical products declined significantly, as automotive, tire and housing-related applications of oleochemical products were affected by the spread of COVID-19.」
The impact of COVID-19 on business activities and performance has materialized as a decline in sales of multiple products. - FY2020First statedAnnual report
「The global spread of COVID-19 may affect the business activities and performance of our Group, but as of the filing date it is difficult to make a reasonable forecast.」
COVID-19 was disclosed for the first time as a standalone business and other risk, and measures including discouraging domestic and overseas business travel and promoting working from home have been implemented. A decline in sales to China in the fourth quarter was also disclosed.