Impact of the COVID-19 Pandemic on Business Operations and Performance
First written in FY2020. 4 of 13 entries say "Restated". Latest entry: FY2024-Q2.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024-Q2Easing of restrictions and progress toward economic normalizationAnnual report
「During the first six months of the fiscal year ending February 2024 (1 March 2023 to 31 August 2023), the Japanese economy showed signs of a gradual recovery toward the normalisation of economic activity as restrictions on activities associated with the prolonged COVID-19 pandemic were eased.」
The disclosure describes the easing of restrictions on activities associated with COVID-19 and a recovery toward the normalisation of economic activity, while separately indicating uncertainty, including downside risks in overseas economies. - FY2024-Q1RestatedAnnual report
「During the first three months of the fiscal year, the Japanese economy entered a gradual recovery trend under the COVID-19 environment, supported by the effects of various policies.」
The disclosure reconfirms that the economy is on a gradual recovery trend in a living-with-COVID environment where the effects of COVID-19 remain. - FY2023-Q3Economic recovery despite continuing effects of the infectionAnnual report
「Despite the continuing severe conditions caused by COVID-19, economic conditions are gradually recovering as thorough infection-control measures are implemented.」
The company indicates that while severe conditions caused by COVID-19 remain, economic conditions are gradually recovering as a result of infection-control measures and the normalisation of economic and social activity. - FY2023-Q2RestatedAnnual report
「During the first six months of the fiscal year, the Japanese economy showed signs of recovery as economic and social activity moved toward normalisation, despite the continuing severe conditions caused by COVID-19, supported by the effects of various policies and thorough infection-control measures.」
The disclosure reconfirms that while severe conditions caused by COVID-19 remain, economic conditions are showing signs of recovery as a result of infection-control measures and the normalisation of economic and social activity. - FY2023-Q1Continuing effects of the infection alongside economic normalisationAnnual report
「During the first three months of the fiscal year, the Japanese economy showed signs of recovery as economic and social activity moved toward normalisation, despite the continuing severe conditions caused by COVID-19, supported by the effects of various policies and thorough infection-control measures.」
The company indicates that while severe conditions caused by COVID-19 remain, economic and social activity is normalising and economic conditions are recovering. - FY2022RestatedAnnual report
「During the fiscal year, the severe conditions caused by COVID-19 remained, although a recovery in economic conditions was expected, supported by the effects of various policies and improvements in overseas economies. However, the outlook was expected to remain uncertain, amid concerns over increased downside risks from supply constraints and trends in raw material prices.」
The disclosure reconfirms that severe economic conditions caused by COVID-19 remain, alongside expectations for an economic recovery and downside concerns related to supply constraints and raw material prices. - FY2022-Q3Easing of severe conditions alongside continued downside concernsAnnual report
「During the first nine months of the fiscal year ending February 2022 (1 March 2021 to 30 November 2021), the severe conditions caused by COVID-19 in the Japanese economy were gradually easing, although signs of a recovery remained weak. As economic and social activity moved toward normalisation, a recovery in economic conditions was expected, supported by the effects of various policies and improvements in overseas economies. However, the outlook was expected to remain uncertain, amid concerns over increased downside risks from supply constraints and trends in raw material prices.」
The company explains that while the severe economic conditions caused by COVID-19 are gradually easing, the recovery remains weak and downside risks from supply constraints and raw material prices persist, leaving the outlook uncertain. - FY2022-Q2RestatedAnnual report
「During the first six months of the fiscal year ending February 2022 (1 March 2021 to 31 August 2021), the Japanese economy remained in a severe situation due to the spread of COVID-19. As measures to prevent the spread were implemented and vaccination was promoted, a recovery in corporate capital investment and personal consumption was expected, supported by the effects of various policies and improvements in overseas economies. However, the outlook was expected to remain uncertain, amid concerns over increased downside risks from a further spread of the infection.」
The disclosure reconfirms the severe economic environment caused by the spread of COVID-19 and the downside risks from a resurgence of infections. - FY2021MaterialisedAnnual report
「Project fees declined by 30.5% year on year due to the stagnation of sales activities caused by COVID-19 and companies' restraint of IT investment.」
The stagnation of sales activities and restraint of IT investment associated with the spread of COVID-19 have appeared in the form of lower project fees and revenue in cloud integration. The disclosure also describes demand for telework and the establishment of remote-work arrangements. - FY2021-Q3MitigatedAnnual report
「The outlook for demand remains uncertain due to the spread of COVID-19. While the number of companies using cloud services for purposes such as introducing telework and strengthening digital transformation is increasing, many companies are also curbing IT investment or cancelling or delaying projects. Although the cloud integration division was affected, the number of client companies, projects and average project fees have increased since August 2020 as economic activity recovered, and conditions have gradually improved.」
The company explains that uncertainty over demand due to the spread of COVID-19 and the impact on the cloud integration division have continued, but conditions have been improving since August 2020 as economic activity recovered. - FY2021-Q2WorsenedAnnual report
「The outlook for demand remains uncertain due to the spread of COVID-19. While the number of companies using cloud services for purposes such as introducing telework and strengthening digital transformation is increasing, many companies are also curbing IT investment or cancelling or delaying projects. Within our business, the cloud integration division is being affected.」
In addition to uncertainty over demand due to the spread of COVID-19, actual restraint of IT investment and project cancellations and delays have emerged, with a tangible impact on the cloud integration division. - FY2021-Q1MaterialisedAnnual report
「The Japanese economy deteriorated rapidly and entered an extremely severe situation as the spread of COVID-19 caused domestic and overseas economic activity to stagnate or contract, resulting in a rapid decline in personal consumption and corporate earnings as well as worsening employment conditions.」
The stagnation of domestic and overseas economic activity and deterioration in economic conditions associated with the spread of COVID-19 are described as actual changes in the operating environment. At the same time, the company explains that the impact on current operating results is limited because more than 90% of its revenue is recurring. - FY2020First statedAnnual report
「The spread of the novel coronavirus, which became apparent at the beginning of 2020, has continued worldwide. To prevent further spread, we have implemented thorough hygiene management and efficient business operations, including staggered working hours and remote work. However, if the infection spreads further, our business operations, financial position and operating results could be affected by such factors as production stoppages caused by employee infections and supply chain disruptions.」
The spread of the infection is described as having become apparent in early 2020, while production stoppages, supply chain disruptions and an impact on operating results resulting from further spread are identified as risks.