Material Impact on Financial Position and Operating Results from the Prolonged COVID-19 Pandemic
First written in FY2020-Q3. 5 of 12 entries say "Worsened", first in FY2020. Latest entry: FY2025.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2025ReframedAnnual report
「⑨ Occurrence of natural disasters, terrorism, infectious diseases and other events」
The risk disclosure was reorganized from a focus on COVID-19 into a general business interruption risk encompassing natural disasters, terrorism, infectious diseases and other events. - FY2023-Q2MitigatedAnnual report
「Economic and social activity moved toward normalization and the economy remained on a gradual recovery trend, supported by the easing of restrictions on behavior related to COVID-19 and the recovery in companies’ capital investment.」
Restrictions on behavior were eased and economic and social activity moved toward normalization, reducing some of the business-environment risks caused by COVID-19 from the previous fiscal year. - FY2022WorsenedAnnual report
「The company assumed that the impact of the spread of COVID-19 would continue for a certain period of the fiscal year ending September 2023 and」
Accounting estimates were made on the assumption that the impact of the infection would continue for a certain period of the fiscal year ending September 2023, extending the assumed duration of the impact. - FY2022-Q3WorsenedAnnual report
「COVID-19 entered a phase of renewed spread, referred to as the seventh wave,」
The infection entered a phase of renewed spread known as the seventh wave, indicating a new outbreak in addition to the existing uncertainty over when it would be contained. - FY2022-Q2RestatedAnnual report
「During the six-month period ended 30 September 2021, the domestic economy continued to show signs of recovery as various policies, including booster vaccinations, took effect while severe conditions caused by COVID-19 persisted, although weakness was seen in the earnings of some companies in the non-manufacturing sector.」
While the severe economic environment caused by the infection persists, the company also noted a recovery driven by the effects of policy measures and continues to recognize infection-related risks. - FY2022-Q1RestatedAnnual report
「During the three-month period ended 30 June 2021, business sentiment among companies showed signs of recovery as the severe conditions caused by COVID-19 gradually eased, partly due to the phased lifting of restrictions on economic and social activity following the lifting of the state of emergency and other measures. Going forward, economic conditions are expected to recover as economic and social activity continues while comprehensive measures are taken against the spread of COVID-19 caused by new variants, but」
The company noted the easing of the severe conditions caused by the infection and the recovery in economic activity, while continuing to remain vigilant about the spread of infection caused by new variants. - FY2021WorsenedAnnual report
「It is difficult to foresee when the spread of COVID-19 will be contained. Accordingly, the company assumed that the impact of the spread of COVID-19 would continue for a certain period of the fiscal year ending September 2022 and」
With the timing of the containment of the infection still uncertain, accounting estimates were made on the assumption that the impact would continue for a certain period of the fiscal year ending September 2022. - FY2021-Q3WorsenedAnnual report
「During the nine-month period ended 31 December 2020, the domestic economy remained in a severe situation as the timing of the end of the spread of COVID-19 remained uncertain and the declaration of a state of emergency restricted economic activity. Although a recovery in economic activity is expected as various policies, including the rollout of vaccinations, take effect, the outlook for the economy remains uncertain amid concerns about the spread of new variants.」
The timing of the end of the infection remains uncertain, and restrictions on economic activity under the state of emergency and concerns about new variants were noted. Actual losses of orders in some regions due to restrictions on business travel also occurred. - FY2021-Q2RestatedAnnual report
「During the six-month period ended 31 December 2020, the domestic economy remained in a severe situation as COVID-19 infections began to spread again, including the reissuance of a state of emergency in January 2021 and restrictions on economic activity. Although companies generally remained cautious about capital investment, software investment plans, particularly in the manufacturing sector, showed strong growth above the previous year, and conditions were such that a recovery was expected.」
The company described the severe environment caused by the state of emergency and the renewed spread of the infection, while noting that software investment plans exceeded the previous year and expressing expectations for a recovery. - FY2021-Q1RestatedAnnual report
「The outlook for the containment of COVID-19 remains uncertain, and conditions remain severe. Although companies have become more cautious about capital investment, software investment plans remained above the previous year.」
While the timing of the containment of the infection remains uncertain, companies have become more cautious about capital investment and have curtailed or postponed IT investment, whereas software investment plans remained above the previous year. - FY2020WorsenedAnnual report
「If the occurrence of natural disasters or terrorism, or the spread of infectious diseases such as COVID-19, creates a situation in which business activities must be temporarily suspended, our operating results and other matters may be affected.」
The impact of COVID-19 was classified as a business interruption risk, including natural disasters and terrorism, and the specific impact by segment, such as lower IT investment, project delays and event cancellations, was detailed. The risk has already materialized in the form of order delays and event cancellations. - FY2020-Q3First statedAnnual report
「The impact of COVID-19 during the cumulative third-quarter period is described in section 2, “Analysis of Financial Condition, Operating Results and Cash Flows by Management,” (1) “Operating Results.” However, depending on how the situation develops, it may have a material impact on our financial condition, operating results and other matters.」
The company explicitly identifies, as an enterprise-wide risk, the possibility that the impact of COVID-19, which has already occurred, could have a material effect on its financial condition, operating results and other matters depending on how the situation develops.