Impact of COVID-19 on Business Activities and Capital Investment
First written in FY2020. 10 of 15 entries say "Restated". Latest entry: FY2025.
Nippon Air Conditioning Services moved to the "Worse" side of this theme in 2025, 4 years after the typical company in this theme (2021).
The whole theme swung hardest in 2024: 5 of 21 companies on the "Worse" side.
2 other companies' latest entry also says "Reframed".
- FY2025ReframedAnnual report
「Declines in orders and disruptions or suspensions of business activities due to the impact of global economic trends, financial crises, wars, natural disasters, climate change, infectious disease outbreaks and other factors」
The disclosure has been reorganized from a description of specific impacts of COVID-19 to a description of broader external business environment risks, including infectious diseases. - FY2024-Q3RestatedAnnual report
「Regarding the approach to the impact of COVID-19 when making accounting estimates, although it remains difficult to accurately forecast when the situation will be brought under control, the company views the long-term impact as more limited than before, as COVID-19 has been reclassified as a Class 5 infectious disease and efforts to balance infection control with socioeconomic activity are progressing.」
The company continues to state its view that, although the timing of the end of the COVID-19 pandemic cannot be forecast, the long-term impact is more limited than before in light of the reclassification as a Class 5 infectious disease and the recovery of socioeconomic activity. - FY2024-Q2RestatedAnnual report
「Regarding the approach to the impact of COVID-19 when making accounting estimates, although it remains difficult to accurately forecast when the situation will be brought under control, the company views the long-term impact as more limited than before, as COVID-19 has been reclassified as a Class 5 infectious disease and efforts to balance infection control with socioeconomic activity are progressing.」
The company continues to state its view that, although the timing of the end of the COVID-19 pandemic cannot be forecast, the long-term impact is more limited than before in light of the reclassification as a Class 5 infectious disease and the recovery of socioeconomic activity. - FY2024-Q1MitigatedAnnual report
「Regarding the approach to the impact of COVID-19 when making accounting estimates, although it remains difficult to accurately forecast when the situation will be brought under control, the company views the long-term impact as more limited than before, as COVID-19 has been reclassified as a Class 5 infectious disease and efforts to balance infection control with socioeconomic activity are progressing.」
Although the timing of the end of the COVID-19 pandemic cannot be forecast, the company views the long-term impact as more limited than before in light of the reclassification as a Class 5 infectious disease and the recovery of socioeconomic activity. - FY2023-Q3RestatedAnnual report
「Due to the impact of COVID-19, the company's domestic and overseas sites are conducting business activities while reducing employees’ infection risk and ensuring their safety. However, the company has been affected by customers postponing capital investment plans, surging raw material prices and labor costs, and delays in equipment and other delivery schedules due to semiconductor shortages. In some overseas regions, business activities have also been restricted by movement restrictions imposed by national authorities, which may affect the financial position, operating results and cash flows of the following consolidated fiscal year.」
COVID-19-related impacts, including the postponement of capital investment plans, higher costs, delays in equipment deliveries and restrictions on overseas business activities, continue. - FY2023-Q2RestatedAnnual report
「Due to the impact of COVID-19, the company's domestic and overseas sites are conducting business activities while reducing employees’ infection risk and ensuring their safety. However, the company has been affected by customers postponing capital investment plans, surging raw material prices and labor costs, and delays in equipment and other delivery schedules due to semiconductor shortages. In some overseas regions, business activities have also been restricted by movement restrictions imposed by national authorities, which may affect the financial position, operating results and cash flows of the following consolidated fiscal year.」
COVID-19-related impacts, including the postponement of capital investment plans, higher costs, delays in equipment deliveries and restrictions on overseas business activities, continue. - FY2023-Q1RestatedAnnual report
「Due to the impact of COVID-19, the company's domestic and overseas sites are conducting business activities while reducing employees’ infection risk and ensuring their safety. However, the company has been affected by customers postponing capital investment plans, surging raw material prices and labor costs, and delays in equipment and other delivery schedules due to semiconductor shortages. In some overseas regions, business activities have also been restricted by movement restrictions imposed by national authorities, which may affect the financial position, operating results and cash flows of the following consolidated fiscal year.」
The filing states that COVID-19-related impacts, including the postponement of capital investment plans, higher costs, delays in equipment deliveries and restrictions on overseas business activities, continue. - FY2022-Q3RestatedAnnual report
「Due to the impact of COVID-19, as of the filing date of this quarterly report, 14 February 2022, the company's domestic and overseas sites are conducting business activities while reducing employees’ infection risk and ensuring their safety. However, restrictions on visits to customer facilities have made new sales activities difficult, and access restrictions have led to postponements of work. In some overseas regions, business activities have also been restricted by movement restrictions imposed by national authorities, which may affect the financial position, operating results and cash flows of the following consolidated fiscal year. However, because it is difficult to accurately forecast when the COVID-19 situation will subside, the company assumes, based on available external information and other sources, that the impact going forward will not expand beyond its previous level.」
While the effects of restrictions on visits and access, work postponements and restrictions on overseas business activities have continued, the company continues to assume that the impact going forward will not expand beyond its previous level. - FY2022-Q2RestatedAnnual report
「Due to the impact of COVID-19, as of the filing date of this quarterly report, 12 November 2021, the company's domestic and overseas sites are conducting business activities while reducing employees’ infection risk and ensuring their safety. However, restrictions on visits to customer facilities have made new sales activities difficult, and access restrictions have led to postponements of work. In some overseas regions, business activities have also been restricted by movement restrictions imposed by national authorities, which may affect the financial position, operating results and cash flows of the following consolidated fiscal year. However, because it is difficult to accurately forecast when the COVID-19 situation will subside, the company assumes, based on available external information and other sources, that the impact going forward will not expand beyond its previous level.」
While the effects of restrictions on visits and access, work postponements and restrictions on overseas business activities have continued, the company continues to assume that the impact going forward will not expand beyond its previous level. - FY2022-Q1RestatedAnnual report
「Due to the impact of COVID-19, as of the filing date of this quarterly report, 13 August 2021, the company's domestic and overseas sites are conducting business activities while reducing employees’ infection risk and ensuring their safety. However, restrictions on visits to customer facilities have made new sales activities difficult, and access restrictions have led to postponements of work. In some overseas regions, business activities have also been restricted by movement restrictions imposed by national authorities, which may affect the financial position, operating results and cash flows of the following consolidated fiscal year. However, because it is difficult to accurately forecast when the COVID-19 situation will subside, the company assumes, based on available external information and other sources, that the impact going forward will not expand beyond its previous level.」
While the effects of restrictions on visits and access, work postponements and restrictions on overseas business activities have continued, the company continues to assume that the impact going forward will not expand beyond its previous level. - FY2021RestatedAnnual report
「Because it is difficult to accurately forecast when the COVID-19 situation will subside, the company assumes, based on available external information and other sources, that the impact going forward will not expand beyond its previous level.」
While the effects of restrictions on visits and access, work postponements and restrictions on overseas business activities have continued, the company is making accounting estimates based on the assumption that the impact going forward will not expand beyond its previous level. - FY2021-Q3RestatedAnnual report
「Due to the impact of COVID-19, as of the filing date of this quarterly report, 12 February 2021, the company's domestic and overseas sites are conducting business activities while reducing employees’ infection risk and ensuring their safety. Although signs of some improvement have emerged in the business environment, the effects of customers postponing capital investment at their facilities and restrictions on new sales activities have continued, which may affect the financial position, operating results and cash flows of the following consolidated fiscal year. However, because it is difficult to accurately forecast when the COVID-19 situation will subside, the company assumes, based on available external information and other sources, that the impact going forward will be relatively smaller than in the first half of the current consolidated fiscal year. There have been no material changes to the assumptions described in the annual securities report for the previous consolidated fiscal year, including assumptions concerning the future spread of COVID-19 and when it will subside.」
Although the effects of postponed capital investment and restrictions on new sales activities have continued, signs of some improvement have emerged, and the company assumes that the impact going forward will be relatively smaller than in the first half of the current consolidated fiscal year. - FY2021-Q2SoftenedAnnual report
「Due to the impact of COVID-19, as of the filing date of this quarterly report, 13 November 2020, the company's domestic and overseas sites are conducting business activities while reducing employees’ infection risk and ensuring their safety. Although signs of some improvement have emerged, the company has been affected by customers postponing capital investment at their facilities and restrictions on new sales activities, which may affect the financial position, operating results and cash flows of the following consolidated fiscal year. However, because it is difficult to accurately forecast when the COVID-19 situation will subside, the company assumes, based on available external information and other sources, that the impact going forward will be relatively smaller than in the first half of the current consolidated fiscal year. There have been no material changes to the assumptions described in the annual securities report for the previous consolidated fiscal year, including assumptions concerning the future spread of COVID-19 and when it will subside.」
Although the effects of postponed capital investment and restrictions on new sales activities have continued, signs of some improvement have emerged, and the company assumes that the impact going forward will be relatively smaller than in the first half of the current consolidated fiscal year. - FY2021-Q1MaterialisedAnnual report
「Due to the impact of COVID-19, as of the filing date of this quarterly report, 12 August 2020, the company's domestic and overseas sites are conducting business activities while reducing employees’ infection risk and ensuring their safety. However, restrictions on visits to customer facilities have made new sales activities difficult, and access restrictions have led to postponements of work. In some overseas regions, business activities have also been restricted by movement restrictions imposed by national authorities, which may affect the financial position, operating results and cash flows of the following consolidated fiscal year. Based on available external information and other sources, the company assumes that these effects will continue through the first half of the current consolidated fiscal year.」
The company states that restrictions on visits and access, work postponements and restrictions on overseas business activities due to COVID-19 have continued. Based on the assumption that the impact will continue through the first half of the current consolidated fiscal year, it has made accounting estimates, including whether impairment losses should be recognized and the recoverability of deferred tax assets. - FY2020MaterialisedAnnual report
「Amid concern that capital investment may contract due to the further spread and prolonged impact of COVID-19, the company is conducting business activities at its domestic and overseas sites while reducing employees’ infection risk and ensuring their safety. However, restrictions on visits to customer facilities have made new sales activities difficult, and access restrictions have led to postponements of work.」
The company states that COVID-19 has already affected visits to and access to customer facilities and has led to postponements of work. It assumes that the impact will continue through the first half of the following consolidated fiscal year.