Deterioration in Demand and the Business Environment Due to the Spread of COVID-19
First written in FY2021-Q1. 6 of 11 entries say "Mitigated", first in FY2022-Q3. Latest entry: FY2024-Q3.
The whole theme swung hardest in 2020: 112 of 175 companies on the "Worse" side.
56 other companies' latest entry also says "Mitigated".
- FY2024-Q3MitigatedAnnual report
「During the nine-month period ended [the third quarter] of the fiscal year under review, Japan’s economy moved toward normalization as COVID-19 was reclassified as a Class 5 disease under the Infectious Diseases Control Law. Although signs of recovery were seen in personal consumption and exports, conditions remained difficult, including a global decline in appetite for capital investment.」
The disclosure describes the normalization of economic activity following the reclassification of COVID-19 as a Class 5 disease, along with a recovery in personal consumption and exports, indicating that the deterioration in the business environment caused by the spread of infection continues to ease. Meanwhile, the global decline in appetite for capital investment remains. - FY2024-Q1MitigatedAnnual report
「As COVID-19 was reclassified as a Class 5 disease under the Infectious Diseases Control Law, economic activity moved toward normalisation, and signs of a recovery emerged in personal consumption and exports.」
The company describes the easing of restrictions on economic activity associated with COVID-19, the normalisation of economic activity and signs of a recovery in personal consumption and exports. Meanwhile, economic and demand risks unrelated to infectious diseases remain. - FY2023-Q3MitigatedAnnual report
「During the first 3 quarters of the current fiscal year, restrictions on economic activity due to the impact of COVID-19 were eased and signs of a recovery emerged in personal consumption and exports, but conditions remained difficult as disruption to supply chains and supply constraints for raw materials and components continued.」
The company states that restrictions on economic activity due to COVID-19 were eased and that personal consumption and exports showed signs of recovery. Meanwhile, the impact of supply constraints and other factors remains. - FY2023-Q2MitigatedAnnual report
「During the second quarter of the current fiscal year, restrictions on economic activity due to the impact of COVID-19 were eased and signs of a recovery emerged in personal consumption and exports, but conditions remained difficult as disruption to supply chains and supply constraints for raw materials and components continued.」
The company states that restrictions on economic activity due to COVID-19 were eased and that personal consumption and exports showed signs of recovery. Meanwhile, the impact of supply constraints and other factors remains. - FY2023-Q1MitigatedAnnual report
「During the first quarter of the current fiscal year, restrictions on economic activity due to the impact of COVID-19 were gradually eased, and signs of a recovery emerged in personal consumption and exports.」
The company states that restrictions on economic activity associated with COVID-19 were gradually eased and that personal consumption and exports showed signs of recovery. Meanwhile, the impact of supply constraints and other factors remains. - FY2022-Q3MitigatedAnnual report
「During the first 3 quarters of the current fiscal year, moves toward normalisation of economic activity were seen as COVID-19 vaccinations became widespread. Personal consumption fluctuated, while exports continued on an upward trend, but difficult conditions persisted, including the prolonged slump in inbound demand.」
The company describes the spread of vaccinations, moves toward normalisation of economic activity and the continuing upward trend in exports, indicating that deterioration in the business environment due to the spread of infections has eased to some extent. Meanwhile, fluctuations in personal consumption and the slump in inbound demand continue. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, Japan's economy remained difficult as personal consumption fluctuated, while exports continued on an upward trend, amid continued restrictions on economic activity due to the impact of COVID-19. Inbound demand remained depressed for an extended period.」
The company describes exports as continuing on an upward trend, while restrictions on economic activity, fluctuations in personal consumption and the prolonged slump in inbound demand continue, maintaining the risk of deterioration in the business environment due to the spread of COVID-19. - FY2021RestatedAnnual report
「We have implemented infection-prevention measures, including hygiene controls and working from home, to prevent the spread of COVID-19. However, if infections persist for an extended period or spread further, the performance and financial condition of our group may be adversely affected.」
The company continues to describe the possibility of an impact on performance and financial condition from prolonged or expanding infections as a risk, while implementing infection-prevention measures. - FY2021-Q3WorsenedAnnual report
「Although signs of recovery emerged following the resumption of economic activity, including a recovery in exports of transport equipment, difficult conditions have continued due to the resurgence of COVID-19 infections. In the global economy, China is recovering steadily following the resumption of economic activity, while activity restrictions in Europe and the United States have been tightened again due to the resurgence of COVID-19 infections, and it is expected to take time for them to return to the previous year's levels.」
The company states that difficult conditions continue in Japan due to the resurgence of COVID-19 infections and that activity restrictions have been tightened again in Europe and the United States. - FY2021-Q2RestatedAnnual report
「During the first half of the current consolidated fiscal year, the Japanese economy deteriorated rapidly as personal consumption and exports fell sharply due to the global spread of COVID-19. Although exports, particularly of transportation equipment, were beginning to recover as economic activity resumed, conditions remained difficult, with inbound demand continuing at almost zero. In the global economy, China was recovering steadily after the resumption of economic activity, while the pace of recovery in Europe and the United States was slowing despite the resumption of economic activity, and they were expected to require time to return to the previous year’s level.」
The company continues from the previous quarter to describe a severe business environment, including declines in personal consumption, inbound demand and exports due to the spread of COVID-19 and delayed recovery in Europe and the United States. - FY2021-Q1First statedAnnual report
「During the first quarter of the current fiscal year, Japan's economy remained difficult as personal consumption fell sharply following the global spread of COVID-19, while inbound demand was expected to remain significantly depressed due to the impact of entry restrictions and other factors. Although exports to China appeared to have bottomed out, exports to Europe and the United States, particularly automobiles and capital goods, were expected to remain significantly depressed. In the global economy, China was recovering toward the previous year's level following the resumption of economic activity, while economic activity was gradually resuming in Europe and the United States, but it was expected to take time for them to return to the previous year's levels.」
The company identified for the first time, as an independent theme, declines in personal consumption, inbound demand and exports due to the spread of COVID-19. In fact, quarterly sales declined 16.5% year on year, with the impact of sluggish sales emerging in multiple fields, including petroleum and transport equipment, and information, electrical and electronic products.