Economic and Business Impacts of COVID-19
First written in FY2020. 8 of 18 entries say "Restated". Latest entry: FY2025-H1.
Isamu Paint moved to the "Worse" side of this theme in 2021, 1 year after the typical company in this theme (2020).
57 other companies' latest entry also says "Dropped".
- FY2025-H1DroppedAnnual report
「During the interim consolidated accounting period, corporate earnings in Japan generally showed gradual improvement. Personal consumption and capital investment showed signs of recovery, employment conditions improved, and the overall economy was gradually recovering.」
The latest economic overview contains no direct reference to COVID-19 and describes improvement in corporate earnings, personal consumption, capital investment and employment conditions, as well as an economic recovery. The theme of the economic and business impact of COVID-19 has disappeared from the explicit description. - FY2024SoftenedAnnual report
「The company believes that the impact of COVID-19 on the group’s earnings environment has almost subsided and that economic and social activity is recovering.」
The impact of COVID-19 was described as having “almost subsided,” and the recovery of economic and social activity was indicated. The economic and business impact of COVID-19 was described even less strongly. - FY2024-Q3Capital investment recovery has stalledAnnual report
「During the first nine months of the current fiscal year, COVID-19 was classified as a Category 5 disease in Japan, economic and social activity continued to normalize, and corporate earnings generally showed gradual improvement. The recovery in capital investment stalled, while personal consumption showed signs of recovery and employment conditions improved. The overall economy was gradually recovering.」
While continuing to describe the classification of COVID-19 as a Category 5 disease, the normalization of economic and social activity, and improvement in corporate earnings, personal consumption and employment conditions, the company stated that the recovery in capital investment had stalled. - FY2024-Q2RestatedAnnual report
「During the first six months of the current fiscal year, COVID-19 was classified as a Category 5 disease in Japan, economic and social activity continued to normalize, and corporate earnings generally showed gradual improvement. Personal consumption and capital investment showed signs of recovery, employment conditions improved, and the overall economy was gradually recovering.」
The company continued to describe the classification of COVID-19 as a Category 5 disease, the normalization of economic and social activity, and improvement or recovery in corporate earnings, personal consumption, capital investment and employment conditions. There was no substantive change from the previous quarter in how the economic and business impact of COVID-19 was described. - FY2024-Q1SoftenedAnnual report
「During the first quarter of the current fiscal year, COVID-19 was classified as a Category 5 disease in Japan, economic and social activity continued to normalize, and corporate earnings generally showed gradual improvement. Personal consumption and capital investment showed signs of recovery, employment conditions improved, and the overall economy was gradually recovering.」
The company described the classification of COVID-19 as a Category 5 disease, the normalization of economic and social activity, and improvement or recovery in corporate earnings, personal consumption, capital investment and employment conditions. The economic and business impact of COVID-19 was described even less strongly. - FY2023SoftenedAnnual report
「The company believes that, as COVID-19 has been classified as a Category 5 disease under Japan’s Infectious Diseases Control Law and the economy normalizes, the group’s earnings environment will gradually recover.」
While stating that it is difficult to predict precisely when the pandemic will be contained, the company indicated that the earnings environment is expected to recover as COVID-19 is classified as a Category 5 disease and the economy normalizes. The impact was described less strongly than before. - FY2023-Q3RestatedAnnual report
「During the first nine months of the current fiscal year, as Japan moved toward a new phase of living with COVID-19, corporate earnings generally showed signs of improvement, although some weakness remained. Personal consumption, capital investment and employment conditions showed signs of recovery, and the overall economy was expected to recover.」
The company described the transition to living with COVID-19, an overall improvement in corporate earnings, and recovery in personal consumption, capital investment and employment conditions. There was no substantive change from the previous quarter in how the economic and business impact of COVID-19 was described. - FY2023-Q2SoftenedAnnual report
「During the first six months of the current fiscal year, as Japan moved toward a new phase of living with COVID-19, corporate earnings generally showed signs of improvement, although some weakness remained. Personal consumption, capital investment and employment conditions showed signs of recovery, and the overall economy was expected to recover.」
Regarding the economic and business impact of COVID-19, the company described the transition to a “new phase of living with COVID-19,” an overall improvement in corporate earnings, and recovery in personal consumption, capital investment and employment conditions. The risk-related wording was less pronounced than in the previous quarter. - FY2023-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, normalization of economic and social activity progressed in Japan despite continued concerns about a resurgence of COVID-19 infections. Corporate earnings generally showed signs of improvement, although some weakness remained. Personal consumption, capital investment and employment conditions showed signs of recovery, and the overall economy was expected to recover.」
Although concerns about a resurgence of infections continued, the company also described the normalization of economic and social activity and improvement or recovery in corporate earnings, personal consumption, capital investment and employment conditions. - FY2022WorsenedAnnual report
「As the timing of the containment of COVID-19 and the impact of its spread cannot be foreseen, the outlook remains extremely uncertain, and the situation surrounding the group remains unpredictable, making it difficult to reasonably estimate business performance. However, based on information available at the time the consolidated financial statements were prepared, the company has made accounting estimates on the assumption that the impact will continue to a certain extent through the end of March 2023.」
The assumed period of the impact of COVID-19 in the accounting estimates was extended from the previous year's assumption that it would continue through the end of March 2022 to an assumption that it would continue to a certain extent through the end of March 2023. - FY2022-Q3RestatedAnnual report
「During the first nine months of the current fiscal year, the Japanese economy was in a difficult situation requiring companies to respond to the spread of COVID-19 and requests from the government and local authorities. As efforts were made to balance infection control measures with economic activity, corporate earnings remained under pressure, although signs of improvement were seen in some areas. Personal consumption and capital investment showed signs of recovery, while employment conditions remained weak, although there were also signs of firmness in trends such as the number of employees.」
While the difficult economic and business environment caused by COVID-19 has continued, signs of improvement or recovery were seen in some areas of corporate earnings, personal consumption and capital investment. - FY2022-Q2RestatedAnnual report
「During the first six months of the current fiscal year, the Japanese economy was in a difficult situation requiring companies to respond to the spread of COVID-19 and requests from the government and local authorities. Although the third state of emergency had been declared, efforts were made to balance infection control measures with economic activity. Corporate earnings remained under pressure, although signs of improvement were seen in some areas.」
While the difficult economic and business environment caused by COVID-19 has continued, signs of improvement were seen in some areas of corporate earnings. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, the Japanese economy was in a difficult situation requiring companies to respond to the spread of COVID-19 and requests from the government and local authorities. Although the third state of emergency had been declared, efforts were made to balance infection control measures with economic activity. Corporate earnings remained under pressure, although signs of improvement were seen in some areas.」
The impact of COVID-19 on the economic and business environment has continued. Meanwhile, signs of improvement were seen in some areas of corporate earnings, and the company did not state that conditions had uniformly deteriorated from the end of the previous fiscal year. - FY2021WorsenedAnnual report
「As the timing of the containment of COVID-19 and the impact of its spread cannot be foreseen, the outlook remains extremely uncertain, and the situation surrounding the group remains unpredictable, making it difficult to reasonably estimate business performance. However, based on information available at the time the consolidated financial statements were prepared, the company has made accounting estimates on the assumption that the impact will continue to a certain extent through the end of March 2022.」
The assumed period of the impact of COVID-19 in the accounting estimates was extended from the end of March 2021 to the end of March 2022, reflecting the continued impact of the pandemic. - FY2021-Q3WorsenedAnnual report
「During the first nine months of the current fiscal year, the Japanese economy was in a difficult situation due to the impact of COVID-19. Following the lifting of the state of emergency, efforts were made to balance infection control measures with economic activity. Corporate earnings remained under pressure, although signs of improvement were seen in some areas. Personal consumption showed signs of recovery, while capital investment and employment conditions remained weak. Meanwhile, the global economy faced a risk of a downturn due to the economic impact of the resurgence of COVID-19. In Japan as well, the environment surrounding the group remained unpredictable, including the resurgence of COVID-19 infections toward year-end and trends in crude oil prices.」
While some areas of corporate earnings and personal consumption showed signs of improvement or recovery, the company explicitly identified the risk of an economic downturn due to a resurgence of infections and weakness in capital investment and employment conditions. - FY2021-Q2RestatedAnnual report
「During the first six months of the current fiscal year, the Japanese economy was in a difficult situation due to the impact of COVID-19. Following the lifting of the state of emergency, efforts were made to balance infection control measures with economic activity. Corporate earnings remained under pressure, although signs of improvement were seen in some areas. Personal consumption showed signs of recovery, while capital investment and employment conditions remained weak. Meanwhile, although the global economy showed signs of recovery from difficult conditions amid the global spread of COVID-19, concerns remained about a resurgence of infections, and the environment surrounding the group remained unpredictable, including trends in crude oil prices.」
The impact of COVID-19 has continued to affect corporate earnings, capital investment and employment conditions, among other areas. Meanwhile, signs of improvement or recovery were seen in some areas of corporate earnings and in personal consumption, while concerns remained about a resurgence of infections. - FY2021-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, the Japanese economy was in an extremely difficult situation due to the impact of COVID-19. Following the lifting of the state of emergency, corporate earnings remained under pressure, although signs of improvement were seen in some areas. Personal consumption showed signs of recovery, while capital investment and employment conditions remained weak.」
The impact of COVID-19 on corporate earnings, capital investment and employment conditions, among other areas, continued during the quarter. Meanwhile, signs of improvement or recovery were seen in some areas of corporate earnings and in personal consumption. - FY2020First statedAnnual report
「As the timing of the containment of COVID-19 and the impact of its spread cannot be foreseen, the outlook remains extremely uncertain. The situation surrounding the group also remains unpredictable, making it difficult to reasonably estimate business performance. However, based on information available at the time the consolidated financial statements were prepared, the company has made accounting estimates, including the recoverability of deferred tax assets, on the assumption that the impact will continue through the end of the fiscal year ending March 2021.」
The company has, for the first time as a standalone topic, described the risk that the timing of COVID-19 containment and its impact cannot be foreseen, as well as its actual adverse impact on corporate earnings and other areas. It has made accounting estimates on the assumption that the impact will continue through the end of the fiscal year ending March 2021.