Business Continuity Risks Arising from Infectious Diseases, Natural Disasters, and Other Events
First written in FY2020. 5 of 10 entries say "Mitigated", first in FY2021-Q2. Latest entry: FY2023-Q3.
The whole theme swung hardest in 2020: 67 of 113 companies on the "Worse" side.
24 other companies' latest entry also says "Mitigated".
- FY2023-Q3MitigatedAnnual report
「During the first nine months of the fiscal year, although the spread of COVID-19 continued in Japan, economic activity began to move from normalization toward expansion, supported by the easing of restrictions on activities and the effects of various policies.」
The Company explained that, although the spread of the infectious disease continued, economic activity moved from normalization toward expansion as restrictions on activities were eased, among other factors, and that the impact on the business environment had eased from previous levels. - FY2023-Q2MitigatedAnnual report
「During the first six months of the fiscal year, the Japanese economy was expected to recover under the so-called post-COVID environment as economic activity normalized, supported by the widespread implementation of infection-control measures through the promotion of COVID-19 vaccinations in Japan and overseas.」
The Company stated that economic activity was normalizing as vaccination efforts progressed and infection-control measures took hold, indicating that the impact of the infectious disease on the business environment had eased from previous levels. - FY2023-Q1MitigatedAnnual report
「Although concerns remain, including global inflation and downside risks to the economy arising from the resurgence of COVID-19 variants, we believe the impact on the Group's future performance will also be limited.」
While recognizing concerns including the resurgence of infectious disease variants, the Company assessed the impact on the Group's future performance as limited. - FY2022-Q3WorsenedAnnual report
「However, the rapid spread of the Omicron variant has increased near-term uncertainty.」
The rapid spread of Omicron, a variant of the infectious disease, increased uncertainty in the business environment arising from the disease. - FY2022-Q1MitigatedAnnual report
「Although concerns remain, including downside risks to the economy arising from the global resurgence of COVID-19 variants, we believe the impact on the Group's future performance will also be limited.」
While recognizing the resurgence of infectious disease variants and downside risks to the economy, the Company assessed the impact on the Group's performance, including its e-commerce platform business, as limited. - FY2021WorsenedAnnual report
「However, if the pandemic is prolonged, the deterioration of the physical stores operated by e-commerce businesses that are customers of the Group could worsen, leading to further cancellations and declines in the transaction value handled by those operators. There is also a risk that new sales activities will not progress as planned because direct visits to customers cannot be made.」
While indicating continued expectations for e-commerce demand and a response through online sales, the Company specified the channels through which a prolonged pandemic could affect the business: deterioration of physical stores, cancellations and lower transaction values, and stagnation in new sales activities. - FY2021-Q3RestatedAnnual report
「Accordingly, even amid the spread of COVID-19, the Group's e-commerce platform business has remained firm, and we believe the impact on future performance will be limited.」
While the infectious disease has continued to resurge, the Company has expressed the same assessment as in the previous quarter that the e-commerce platform business remains firm and the impact on performance is limited. - FY2021-Q2MitigatedAnnual report
「Accordingly, even amid the spread of COVID-19, the Group's e-commerce platform business has remained firm, and we believe the impact on future performance will be limited.」
Although the spread of the infectious disease has continued, the e-commerce platform business has remained firm, and the impact on future performance has been assessed as limited. - FY2021-Q1MaterialisedAnnual report
「During the first quarter of the fiscal year, the Japanese economy remained uncertain, with forecasts for fiscal 2020 predominantly calling for negative growth due to declining personal consumption resulting from business closures and restrictions, reduced outings and working from home following the April state of emergency declared in response to the spread of COVID-19 that began late last year.」
The spread of COVID-19, the state of emergency, restrictions on business operations and outings, and declining personal consumption actually occurred. Meanwhile, demand from stay-at-home consumption was expected in the e-commerce industry, and the impact on the Group's performance was assessed as limited. - FY2020First statedAnnual report
「In addition, outbreaks of infectious and communicable diseases such as COVID-19 could cause economic activity to stagnate due to the spread of infection threats and stay-at-home orders, and could lead to a decline in domestic consumption.」
States that the COVID-19 pandemic was occurring and could affect economic activity, consumption and the physical stores operated by customers.