Economic and Business Impacts of COVID-19
First written in FY2021-Q1. 8 of 12 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2024-Q1.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024-Q1DroppedAnnual report
「During the first quarter, the Japanese economy remained on a gradual recovery track as employment and income conditions improved, supported in part by the effects of various government policies.」
The economic and business impacts of COVID-19, which had been explicitly disclosed through the previous quarter, were not explicitly mentioned in the explanation of the economy and business performance for the first quarter. - FY2023-Q3RestatedAnnual report
「Although the outlook is expected to remain uncertain amid the spread of the novel coronavirus disease, we will continue to focus on our system proposal business, which offers greater cost-effectiveness under our customer-first principles, and work to improve our performance.」
The Company continued to disclose uncertainty regarding the outlook due to COVID-19. The current-quarter disclosure did not indicate any specific impact of the infection on segment performance. - FY2023-Q2RestatedAnnual report
「The outlook is expected to remain uncertain due to the impact of COVID-19.」
The Company continued to disclose uncertainty regarding the outlook due to COVID-19. - FY2023-Q1RestatedAnnual report
「Although the outlook is expected to remain uncertain amid the spread of the novel coronavirus disease, we will continue to focus on our system proposal business, which offers greater cost-effectiveness under our customer-first principles, and work to improve our performance.」
The Company continued to disclose uncertainty regarding the outlook due to COVID-19. Although a partial decline in sales was reported for the office automation business in the current quarter, the decline was not explicitly attributed to the impact of the infection. - FY2022MaterialisedAnnual report
「Although sales of printing supplies, office furniture and other products declined slightly, mainly among small and medium-sized enterprises, due to the spread of COVID-19, sales of the core business software packages remained solid.」
The business impact of COVID-19 continued throughout the full year and was described as a decline in sales of printing supplies, office furniture and other products in the office automation business. Meanwhile, sales of the core business software packages remained strong. - FY2022-Q3MaterialisedAnnual report
「Although sales of printing supplies, office furniture and other products declined slightly, mainly among small and medium-sized enterprises, due to the spread of COVID-19, sales of the core business software packages remained solid.」
The business impact of COVID-19 continued and was described as a decline in sales of printing supplies, office furniture and other products in the office automation business. Meanwhile, sales of the core business software packages remained strong. - FY2022-Q2MaterialisedAnnual report
「Although sales of printing supplies, office furniture and other products declined slightly, mainly among small and medium-sized enterprises, due to the spread of COVID-19, sales of the core business software packages remained solid.」
The business impact of COVID-19 continued and was described as a decline in sales of printing supplies, office furniture and other products in the office automation business. Meanwhile, sales of the core business software packages remained strong. - FY2022-Q1MaterialisedAnnual report
「Although sales of printing supplies, office furniture and other products declined slightly, mainly among small and medium-sized enterprises, due to the spread of COVID-19, sales of the core business software packages remained solid.」
The business impact of COVID-19 continued and was described as a decline in sales of printing supplies, office furniture and other products in the office automation business. Meanwhile, sales of the core business software packages remained strong. - FY2021MaterialisedAnnual report
「Sales of printing supplies, office furniture and other products declined slightly, mainly among small and medium-sized enterprises, due to the spread of COVID-19. As a result, revenue from external customers was ¥9,146 million, down 5.6% from the previous fiscal year, and operating income was ¥1,484 million, down 12.2%.」
The business impact of COVID-19 continued for the full year and was quantified as declines in revenue and operating profit in the office automation business. - FY2021-Q3MaterialisedAnnual report
「Sales of printing supplies, office furniture and other products declined slightly, mainly among small and medium-sized enterprises, due to the spread of COVID-19. As a result, revenue from external customers was ¥6,682 million, down 7.2% year on year, and operating income was ¥1,093 million, down 17.0%.」
The business impact of COVID-19 continued into the third quarter and was quantified as declines in revenue and operating profit in the office automation business. - FY2021-Q2MaterialisedAnnual report
「Sales of printing supplies, office furniture and other products declined slightly, mainly among small and medium-sized enterprises, due to the spread of COVID-19. As a result, revenue from external customers was ¥4,053 million, down 14.2% year on year, and operating income was ¥626 million, down 26.6%.」
The business impact of COVID-19 continued into the second quarter and was quantified as declines in revenue and operating profit in the office automation business. - FY2021-Q1MaterialisedAnnual report
「During the cumulative first-quarter consolidated period, the Japanese economy continued to deteriorate rapidly due to the impact of COVID-19 and remained in an extremely difficult situation. Although social and economic activity has been gradually restored since around June while measures have been taken to prevent the spread of infection, the infection rate has continued to rise, particularly in major cities, and the outlook is expected to remain uncertain for the time being. Due to the spread of COVID-19, sales of printing supplies, office furniture and other products declined somewhat, particularly among small and medium-sized companies. As a result, revenue from external customers was ¥2,000 million, down 9.0% year on year, and operating profit was ¥297 million, down 21.3%.」
The Company explicitly disclosed for the first time the rapid deterioration and uncertainty in the domestic economy caused by COVID-19, as well as business impacts in the form of declines in revenue and operating profit in the office automation business.