Revenue Stagnation and Development Delays Due to the Prolonged COVID-19 Pandemic
First written in FY2020. 4 of 7 entries say "Restated". Latest entry: FY2023-Q3.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2023-Q3MitigatedAnnual report
「As COVID-19 was reclassified as a Category V infectious disease, economic activity normalized and the economy showed signs of recovery.」
The Company described the reclassification of COVID-19 as a Category V infectious disease and the normalization of economic activity, stating that the pandemic's impact on economic activity had eased from the previous period. - FY2023-Q1MitigatedAnnual report
「As COVID-19 vaccinations became widespread and economic activity normalized through the easing of restrictions on movement and border-control measures, among other developments, the economy showed signs of recovery.」
The Company stated that the impact of the pandemic on economic activity had eased from the previous period as vaccinations became widespread and restrictions on movement and border-control measures were relaxed. - FY2022-Q2RestatedAnnual report
「As the severe conditions caused by restrictions on economic activity gradually eased with the steady progress of COVID-19 vaccinations and other developments, economic activity began to recover. However, it had still not returned to pre-pandemic levels, and uncertainty about the outlook continued.」
While acknowledging the recovery in economic activity associated with vaccinations, the Company continued to state that activity had not returned to pre-pandemic levels and that uncertainty about the outlook remained. - FY2022-Q1RestatedAnnual report
「Although economic activity resumed as COVID-19 vaccinations progressed smoothly and the number of cases declined, concerns remained about the impact on economic activity from a renewed spread of infections due to the emergence of variants, and the outlook for the economy remained uncertain.」
The Company described both the improvement in infection conditions and the renewed spread caused by variants, continuing to identify uncertainty surrounding economic activity and earnings associated with COVID-19. - FY2021RestatedAnnual report
「If the prolonged stagnation of economic activity associated with the spread of COVID-19 and extended restrictions on going out, among other factors, cause the number of new option-contract acquisitions by telecommunications carriers to stagnate, the Company's earnings may stagnate or gradually decline.」
The Company continues to describe the risks that a prolonged pandemic could affect new contracts with telecommunications carriers, earnings, product development and sales activities. - FY2021-Q3RestatedAnnual report
「As the spread of COVID-19 continues, a state of emergency and priority preventive measures to prevent the spread of disease have been declared again, and the outlook for the economy remains uncertain.」
Although the spread of COVID-19 and uncertainty surrounding economic activity continued, the Company stated that there had been no material changes in its risks. - FY2020First statedAnnual report
「If the prolonged stagnation of economic activity associated with the spread of COVID-19 and extended restrictions on going out, among other factors, cause the number of new option-contract acquisitions by telecommunications carriers to stagnate, the Company's earnings may stagnate or gradually decline. In addition, if infections spread among Company employees, development of new products may be delayed and sales activities may be restricted.」
The Company disclosed as a business risk the possibility that a prolonged pandemic could affect new contracts with telecommunications carriers, earnings, product development and sales activities.