Impact of the Spread of COVID-19 on Business Activities
First written in FY2020-Q2. 7 of 15 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2023MitigatedAnnual report
「Restrictions on activities were eased following the reclassification of COVID-19 as a Class 5 infectious disease, and social and economic activity moved toward normalization, with the economy showing signs of recovery.」
The disclosure describes the reclassification as a Class 5 infectious disease, the easing of restrictions on activities, and the move toward normalization of social and economic activity, with the pandemic’s impact on business activity easing. - FY2023-Q3MitigatedAnnual report
「During the first nine months of the fiscal year, Japan’s economy showed signs of recovery as restrictions on activities were eased following the reclassification of COVID-19 as a Class 5 infectious disease, and social and economic activity moved toward normalization.」
The disclosure indicates that COVID-19 was reclassified as a Class 5 infectious disease, restrictions on activities were eased, and society and economic activity moved toward normalization, with the pandemic’s impact on business activity described as easing. - FY2023-Q2MitigatedAnnual report
「During the second quarter of the fiscal year, Japan's economy showed signs of recovery as social and economic activity moved toward normalization following the easing of activity restrictions associated with COVID-19. However, concerns persisted over the impact of the prolonged situation in Ukraine and surging raw material and energy prices on domestic and overseas economic activity, and the outlook remained uncertain.」
The disclosure indicates that restrictions on activities associated with COVID-19 have been eased and that society and economic activity are moving toward normalization, with the pandemic’s impact on business activity described as easing. - FY2023-Q1MitigatedAnnual report
「During the first quarter of the fiscal year, Japan's economy was expected to recover as restrictions on activities associated with COVID-19 were eased and progress was made toward normalizing social and economic activity. However, concerns persisted over the impact of the prolonged situation in Ukraine, surging raw material and resource prices and rising prices on domestic and overseas economic activity, and the outlook remained uncertain.」
The disclosure indicates that restrictions on activities associated with COVID-19 have been eased and that society and economic activity are moving toward normalization, with the pandemic’s impact on business activity described as easing from the previous level. - FY2022MaterialisedAnnual report
「In Asia, although sales in China’s food division increased, sales in the fragrance division declined because of the impact of lockdowns accompanying the spread of COVID-19.」
Lockdowns in China associated with the spread of COVID-19 directly affected results through lower fragrance-division sales. - FY2022-Q3RestatedAnnual report
「There have been no material changes to the assumptions described in the previous fiscal year's annual securities report under “Significant Accounting Estimates,” including assumptions regarding the future spread of COVID-19 and when it will subside.」
The Company stated that there had been no material changes to the assumptions underlying significant accounting estimates relating to the spread of COVID-19 and when it will subside. - FY2022-Q2RestatedAnnual report
「During the second quarter of the fiscal year, as the impact of COVID-19 continued for an extended period, concerns persisted over the impact of heightened tensions surrounding Ukraine and surging resource and raw material prices on domestic and overseas economic activity, and the outlook remained uncertain.」
The disclosure describes a situation in which the impact of COVID-19 has been prolonged and its continued effect on economic activity in Japan and overseas remains a concern. - FY2022-Q1RestatedAnnual report
「During the first quarter of the fiscal year, as the impact of COVID-19 continued for an extended period, concerns persisted over the impact of infection trends, including variants, on domestic and overseas economic activity, and the outlook remained uncertain.」
The Company stated that the prolonged COVID-19 pandemic and developments involving infections, including variants, remain a concern because of their continued impact on economic activity in Japan and overseas. - FY2021RestatedAnnual report
「Regarding the outlook, although it remains difficult to accurately predict when COVID-19 will subside and the course of the pandemic remains uncertain, we expect its impact to continue during the fiscal year ending September 2022 and will continue to monitor developments closely.」
The Company indicated that the impact of the pandemic would continue during the fiscal year ending September 2022 and that it would continue to monitor the risk. - FY2021-Q3RestatedAnnual report
「During the third quarter of the fiscal year, Japan's economy was in a severe condition as the prolonged impact of COVID-19 weakened corporate earnings and personal consumption. In addition, concerns persisted over the impact of infection trends on domestic and overseas economic activity, and the outlook remained uncertain.」
The disclosure describes a situation in which the impact of COVID-19 has been prolonged and its continued effect on economic activity in Japan and overseas remains a concern. The additional information also assumes that the impact of the pandemic will continue throughout the fiscal year. - FY2021-Q2RestatedAnnual report
「Although it remains difficult to accurately predict when the COVID-19 pandemic will subside, the Group assumed that the impact of COVID-19 would continue throughout the fiscal year.」
The Group is estimating impairment losses on fixed assets and the recoverability of deferred tax assets on the assumption that the impact of COVID-19 will continue throughout the fiscal year. - FY2021-Q1RestatedAnnual report
「The food segment decreased 1.3% year on year to ¥10,311 million, mainly because sales on a standalone basis declined amid the continuing weakness in consumption of beverages and other products as people refrained from going out and working from home became more widespread due to the impact of COVID-19.」
The decline in consumption of beverages and other products, and its impact on sales, resulting from calls to refrain from going out and working from home due to COVID-19, continue to be felt. - FY2020WorsenedAnnual report
「In Japan, demand increased for hand-washing and disinfection-related products and instant noodles. However, the impact of requests for restaurants and other establishments to close, calls to refrain from going out, sluggish beverage consumption due to the spread of working from home, including through vending machines and commercial-use channels, and the postponement or cancellation of customers' new product launches acted to reduce revenue, although the impact on the current consolidated fiscal year was limited.」
The impact of COVID-19 was felt in Japan, Asia and the United States. In Japan, lower beverage demand and the postponement or cancellation of new products were confirmed as factors contributing to the decline in revenue. The impact is expected to continue through the second quarter of the fiscal year ending September 2021 and gradually ease from the third quarter onward. - FY2020-Q3MaterialisedAnnual report
「The global spread of the novel coronavirus, which became apparent from January 2020 primarily in Wuhan, Hubei Province, People's Republic of China, continues. The group has been affected by lower demand for products for commercial use due to calls to refrain from eating out, and by the postponement or cancellation of new product launches by customers. Depending on how the situation develops, it may affect the group's business activities, and the group will continue to monitor the situation closely.」
The novel coronavirus risk previously identified as a possibility has resulted in specific effects, including lower demand for products for commercial use and the postponement or cancellation of new product launches. - FY2020-Q2First statedAnnual report
「The global spread of the novel coronavirus, which became apparent from January 2020 primarily in Wuhan, Hubei Province, People's Republic of China, continues. Depending on how the situation develops, it may affect the group's business activities, and the group will continue to monitor the situation closely.」
The global spread of the novel coronavirus is identified for the first time as an additional risk that may affect business activities.