Business and Operational Disruption Risk from COVID-19
First written in FY2020. 4 of 12 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2025.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2025ReframedAnnual report
「Although the risks associated with large-scale natural disasters such as earthquakes, typhoons and floods are increasing year by year, damage caused by conflicts and terrorism occurring around the world and by pandemic-level infectious diseases cannot be completely avoided,」
The company has shifted from describing COVID-19 as a standalone risk to addressing general business continuity risks, including natural disasters, conflicts, terrorism and pandemic-level infectious diseases. - FY2023MitigatedAnnual report
「Because the impact of the spread of COVID-19 on our Group's business was limited, we have made accounting estimates on the assumption that the impact will also be limited in the future.」
The company indicated that the impact of COVID-19 on its business was limited during the fiscal year under review. - FY2023-Q2RestatedAnnual report
「Although restrictions on activities have been eased as vaccination has progressed, we will continue to monitor developments regarding COVID-19.」
It states that the company will continue to monitor developments regarding COVID-19 even after restrictions on activities have been eased. - FY2023-Q1RestatedAnnual report
「Although restrictions on activities have been eased as vaccination has progressed, the COVID-19 pandemic remains difficult to bring to an end at this point, and we will continue to monitor developments closely.」
Although vaccination has eased restrictions on activities, the company states that the end of the pandemic remains uncertain and that it will continue to monitor the impact on its business. - FY2022MitigatedAnnual report
「Regarding COVID-19, we established a work-from-home business continuity framework as telework became widely adopted. We also transferred some head-office operations to the San'in Business Division to reduce the risk of excessive concentration in one location.」
In response to the risk posed by COVID-19, the company established a telework-based work-from-home business continuity framework and transferred head-office functions to San'in, advancing business continuity and reducing the risk of excessive concentration in one location. - FY2022-Q3RestatedAnnual report
「Although the state of emergency and priority preventive measures ended on 30 September 2021, the domestic and international resurgence of infections caused by new variants remains a concern, and we will continue to monitor the impact of COVID-19 on our business.」
It states that, even after the state of emergency and related measures ended, the company will continue to monitor the resurgence of infections caused by new variants and the impact on its business. - FY2022-Q1RestatedAnnual report
「However, as of the present time, the end of the COVID-19 pandemic remains difficult to foresee, and the impact of infections continues, with states of emergency and priority preventive measures issued in some regions. If these infection trends continue for an extended period, they may affect the Group's business results and financial position, so we will continue to closely monitor developments.」
As the outlook for the COVID-19 pandemic remains uncertain, the risk of continued damage from infections continues to be disclosed. - FY2021MaterialisedAnnual report
「In terms of earnings, in addition to lower profits resulting from the decline in sales, engineer utilization fell as customer companies reviewed their systems investment plans amid the spread of COVID-19. The company also recorded ¥190 million in M&A-related expenses and ¥93 million in goodwill amortization from the acquisition of 3 subsidiaries, as well as expenses related to the New Normal Adaptation Project (Note). Operating income was ¥1,372 million, down 33.8% year on year, and ordinary income was ¥1,553 million, down 26.4%.」
The revision of customers' system investment plans and lower engineer utilization rates resulting from COVID-19 affected full-year results, with operating profit down 33.8% year on year. - FY2021-Q3MaterialisedAnnual report
「In terms of earnings, in addition to lower profits resulting from the decline in sales, engineer utilization fell as customer companies reviewed their systems investment plans amid the spread of COVID-19. The company also recorded ¥116 million in M&A-related expenses from the acquisition of 3 subsidiaries, including ¥43 million in amortization of goodwill at 2 of them, as well as expenses related to the New Normal Adaptation Project (Note). Operating income was ¥946 million, down 44.9% year on year, and ordinary income was ¥1,035 million, down 40.9%.」
The revision of customers' system investment plans and lower engineer utilization rates continued as a result of COVID-19, and operating profit for the cumulative third quarter fell 44.9% year on year, while ordinary profit fell 40.9%. - FY2021-Q2MaterialisedAnnual report
「During the first 6 months of the current consolidated fiscal year (1 April 2020 to 30 September 2020), the Group's system infrastructure and cybersecurity businesses remained solid, and the acquired subsidiary also contributed. However, software development and systems operations and management were affected by a ¥1,058 million decline following the completion of 5 large-scale projects. Revenue was ¥1,217.4 million, down 7.6% year on year.」
The revision of customers' system investment plans and lower engineer utilization rates resulting from COVID-19 continued into the second quarter, with revenue down 7.6% year on year and operating profit down 43.6%. - FY2021-Q1MaterialisedAnnual report
「In terms of earnings, in addition to lower profits resulting from the decline in sales, engineer utilization fell as customer companies reviewed their systems investment plans amid the spread of COVID-19. Operating income was ¥231 million, down 54.5% year on year, ordinary income was ¥270 million, down 47.5%, and net income attributable to owners of the parent was ¥137 million, down 57.8%.」
The revision of customers' system investment plans and lower engineer utilization rates resulting from COVID-19 actually occurred, causing operating profit to fall 54.5%, ordinary profit to fall 47.5%, and quarterly net profit attributable to owners of the parent to fall 57.8%. - FY2020First statedAnnual report
「In response to the spread of COVID-19, from 29 January 2020 the Group implemented measures including working from home for employees returning from China and other infected countries, requiring employees to wear masks in the office, and discouraging travel to overseas areas with large numbers of infections. From 17 February, we expanded these measures by encouraging staggered working hours and the use of telework and video conferences, postponing internal group training, and taking other steps proactively in response to developments.」
The company disclosed COVID-19 as a particularly significant risk for the first time as a standalone item, citing the postponement of customers' IT investments, lower productivity resulting from working from home, and impacts on service delivery. It also presented scenarios involving a temporary subsidence around August 2020, a resurgence from December 2020 to around April 2021, and the resumption of IT investment from the second quarter of the fiscal year ending March 2021.