Impact of COVID-19 on Operations and Performance
First written in FY2020. 7 of 16 entries say "Worsened", first in FY2021-Q2. Latest entry: FY2025.
Shinto Paint moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
1 other company's latest entry also says "Reframed".
- FY2025ReframedAnnual report
「If an unknown virus such as COVID-19 spreads in the future, it could affect our Group's financial condition, operating results and cash flows, as occurred during the spread of COVID-19.」
The wording has shifted from the ongoing impact of COVID-19 to a general risk of preparing for a future outbreak of an unknown virus. - FY2024MitigatedAnnual report
「Against a backdrop that included the reclassification of COVID-19 as a Class 5 infectious disease and the normalisation of social and economic activity, the Japanese economy maintained a gradual recovery trend, including a recovery in personal consumption and an expansion in employment.」
The pandemic's impact on economic activity was mitigated compared with before, against a backdrop of its reclassification as a Class 5 infectious disease and the normalisation of social and economic activity. However, the timing of containment and the possibility of impacts from future developments remain listed as risks. - FY2024-Q3RestatedAnnual report
「The Japanese economy maintained a gradual recovery trend against a backdrop that included the reclassification of COVID-19 as a Class 5 infectious disease and the normalisation of social and economic activity.」
Against a backdrop of COVID-19's reclassification as a Class 5 infectious disease and the normalisation of social and economic activity, the Japanese economy's recovery trend continues. - FY2024-Q2MitigatedAnnual report
「The Japanese economy maintained a gradual recovery trend against a backdrop that included the reclassification of COVID-19 as a Class 5 infectious disease and the normalisation of social and economic activity.」
Against a backdrop of COVID-19's reclassification as a Class 5 infectious disease and the normalisation of social and economic activity, the pandemic's impact on economic activity is moving towards mitigation. However, continued attention to infection prevention in sales activities has been noted. - FY2024-Q1MitigatedAnnual report
「The Japanese economy showed signs of recovery against a backdrop that included the reclassification of COVID-19 as a Class 5 infectious disease and the normalisation of social and economic activity.」
COVID-19 was reclassified as a Class 5 infectious disease, and social and economic activity began to normalise, indicating that the pandemic's impact on economic activity was moving towards mitigation. However, sales activities continue to be conducted with attention to infection prevention. - FY2023-Q3WorsenedAnnual report
「During the nine months ended the third quarter of the current fiscal year, the Japanese economy showed signs of recovery, including the easing of restrictions on entry from overseas following a subsequent decline in COVID-19 cases after a temporary explosive increase. However, uncertainty about the outlook continued, with an eighth wave of COVID-19 infections arriving recently.」
Although there were signs of recovery, including the easing of entry restrictions, the arrival of an eighth wave was reported, and uncertainty over the pandemic's impact on demand, operations and business performance continues. - FY2023-Q2WorsenedAnnual report
「During the six months ended the second quarter of the current fiscal year, restrictions on activities in Japan were eased following a decline in COVID-19 cases, but uncertainty about the outlook continued amid concerns over the arrival of an eighth wave.」
Restrictions on activities were eased, but concerns over the arrival of an eighth wave remain, and uncertainty over the pandemic's impact on operations, demand and business performance continues. - FY2023-Q1WorsenedAnnual report
「Although restrictions on activities were eased following a decline in COVID-19 cases, new infections have recently increased explosively, and uncertainty about the outlook continues.」
New infections increased explosively even after restrictions on activities were eased, and uncertainty over the pandemic's impact on operations, demand and business performance has intensified again. - FY2022RestatedAnnual report
「We are affected by the global spread of COVID-19 and assume that conditions will gradually normalise and recover from 2022 to 2023.」
Although demand and operating impacts from the pandemic continue, the accounting assumption is that conditions will gradually normalise and recover from 2022 to 2023. - FY2022-Q3WorsenedAnnual report
「During the nine months ended the third quarter of the current fiscal year, the Japanese economy remained subject to constrained economic activity due to the prolonged impact of COVID-19. New variants, including Omicron, emerged and spread globally, and the timing of containment remained unforeseeable.」
The impact of the pandemic on economic activity has been prolonged, compounded by the global spread of new variants including Omicron and increased uncertainty over the timing of containment. - FY2022-Q2RestatedAnnual report
「During the six months ended the second quarter of the current fiscal year, the Japanese economy remained subject to constrained economic activity due to the prolonged impact of COVID-19. Although the number of new infections has shown a declining trend as vaccination progresses in Japan, the timing of containment remains unforeseeable.」
Although vaccinations have been followed by a declining trend in new infections, the timing of containment remains unforeseeable, and the risks of constrained economic activity and an impact on business performance continue. The notes to the financial statements state that there have been no material changes to the assumptions described in the previous quarterly report. - FY2022-Q1WorsenedAnnual report
「We had assumed that the assumptions stated in the notes to the securities report for the previous consolidated fiscal year, including assumptions regarding the future spread and eventual containment of COVID-19, would gradually normalise and recover from 2021 to 2022. Based on the latest situation, however, we have changed our assumptions to reflect that, although the degree of impact differs depending on the business fields of our Group's major customers, recovery towards normalisation will be slower than assumed at the end of the previous consolidated fiscal year and will continue until around the first half of the next consolidated fiscal year.」
The assumed pace of normalisation and recovery from the pandemic's impact has been changed to reflect a slower recovery than assumed at the end of the previous fiscal year, with the impact lasting until around the first half of the next consolidated fiscal year. - FY2021-Q3WorsenedAnnual report
「Since the end of last year, uncertainty has continued, including the renewed spread of COVID-19.」
The renewed spread of the pandemic was newly disclosed, and its impact on business performance through reduced output by major customers, weaker demand across fields and declining revenue has continued and expanded. - FY2021-Q2WorsenedAnnual report
「However, the impact of COVID-19 was significant, and as a result, revenue for the six months ended the second quarter of the current fiscal year was ¥9,766 million, down 16.1% year on year.」
The impact of the pandemic spread across several coatings fields in the form of weaker demand, reduced output by customers and construction stoppages, materialising as a 16.1% decline in cumulative revenue, an operating loss and a quarterly net loss attributable to owners of the parent. - FY2021-Q1MaterialisedAnnual report
「As the spread of COVID-19 intensified, a state of emergency was declared in Japan, causing social and economic activity to stagnate and creating difficult conditions. The state of emergency has now been lifted and economic activity is recovering, but uncertainty remains, including concerns over the arrival of second and third waves of COVID-19.」
The risk from COVID-19 has materialised as an actual decline in sales, an operating loss and a quarterly net loss attributable to owners of the parent through stagnation in social and economic activity, reduced output by major customers and construction stoppages. The arrival of second and third waves is also a concern. - FY2020First statedAnnual report
「The global spread of COVID-19 has had a significant impact on the economy, including temporary production shutdowns and output reductions by companies in Japan and overseas, and has also affected our Group, which has made production adjustments in some areas.」
The first explicit disclosure was made that the global spread of COVID-19 had actually resulted in production adjustments in part of our Group through operational shutdowns and output reductions in Japan and overseas.