Impact of the COVID-19 pandemic on orders, IT investment and business performance
First written in FY2021. 5 of 11 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024DroppedAnnual report
「Although the cloud market’s rapid growth since the COVID-19 pandemic is easing, it achieved strong growth of 25.8% from the previous fiscal year in 2023, driven by the migration from on-premises to cloud environments, the shift to cloud-native operations and increased investment in digital businesses. Strong growth of 19.8% from the previous fiscal year is also expected in 2024.」
The impact of COVID-19 on orders, IT investment and business performance was no longer listed as a standalone item under Business and Other Risks. - FY2024-Q3RestatedAnnual report
「During the cumulative consolidated third quarter, 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.」
The disclosure expressly states that no new business or other risks had arisen and that there had been no material changes to existing risks. - FY2024-Q1SoftenedAnnual report
「During the cumulative consolidated first quarter from 1 March to 31 May 2023, Japan’s economic environment continued to be affected by soaring energy and raw material prices. However, service consumption was recovering from the impact of COVID-19, corporate activity remained firm as supply chain constraints eased, and strong inbound demand also contributed to a gradual economic recovery.」
The disclosure describes the recovery from COVID-19 and the resilience of corporate activity, indicating that the explanation of business environment risks caused by COVID-19 had become relatively less prominent. At the same time, it states that there had been no material changes in the Business and Other Risks section. - FY2023-Q3RestatedAnnual report
「During the cumulative consolidated third quarter, 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.」
The disclosure expressly states that no new risks had arisen and that there had been no material changes to existing risks. - FY2023-Q2RestatedAnnual report
「During the cumulative consolidated second quarter, 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.」
The disclosure expressly states that no new business or other risks had arisen and that there had been no material changes to existing risks. - FY2023-Q1RestatedAnnual report
「During the cumulative consolidated first quarter, 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.」
The disclosure expressly states that no new business or other risks had arisen and that there had been no material changes to existing risks. - FY2022SoftenedAnnual report
「Although the Group has established a system enabling all employees to work remotely, so the spread of COVID-19 and the issuance of a state of emergency would not have a material impact on business operations, the resulting stagnation of economic activity could affect investment decisions by customer companies. This could affect the Group’s business performance and financial position through delays in order timing, reductions in project size and project cancellations.」
While the company stated that its system enabling all employees to work remotely had prevented a material impact on its own operations, external risks such as delays in orders due to stalled customer investment remained. - FY2022-Q3RestatedAnnual report
「During the cumulative consolidated third quarter, 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.」
The disclosure expressly states that no new risks had arisen and that there had been no material changes to existing risks. Regarding the economic environment, it also mentions a significant decline in infections and the easing of operating restrictions. - FY2022-Q2WorsenedAnnual report
「Following the spread of infections involving variants, the fourth state of emergency was declared in Tokyo in July 2021, with 21 prefectures covered by the end of August that year. The measures were stringent, calling for people to refrain from nonessential outings, restaurants to suspend operations, the voluntary suspension of alcohol service and shorter operating hours.」
As in the previous quarter, the disclosure indicates uncertainty caused by COVID-19, citing the spread of infections involving variants, the fourth state of emergency and the expansion of the areas covered. - FY2022-Q1WorsenedAnnual report
「The situation remains uncertain due to the impact of COVID-19. Real GDP growth in January–March 2021 was negative 5.1% on an annualized basis, the first contraction in three quarters, as the domestic economy, which had been recovering, was affected by the spread of infections from the end of 2020. Going forward, the domestic infection situation is expected to continue having a significant impact on the real economy.」
The disclosure gives a more specific picture of the economic uncertainty caused by COVID-19, citing the spread of infections involving variants, the third state of emergency and a 5.1% annualized decline in real GDP. - FY2021First statedAnnual report
「As many companies have experienced slower decision-making and reviewed capital investment with living with COVID-19 in mind, delays in orders and contract timing have occurred and may affect the business performance of the Group.」
The spread of infections, states of emergency and companies’ reviews of investment were described as actual business conditions, and delays in orders and declines in license orders were also reported.