Economic and Market Downturn Caused by COVID-19
First written in FY2021-Q1. 9 of 12 entries say "Restated". Latest entry: FY2024-Q3.
C.Uyemura & moved to the "Worse" side of this theme in 2024, 4 years after the typical company in this theme (2020).
20 other companies' latest entry also says "Softened".
- FY2024-Q3SoftenedAnnual report
「During the first nine months of the current fiscal year, Japan's economy remained on a gradual recovery track as social and economic activity normalized. However, the outlook for Japan's economy remained uncertain due to the prolonged situation in Russia and Ukraine, worsening conditions in the Middle East, globally elevated resource prices, and higher prices resulting from yen depreciation.」
Because the company no longer explicitly mentions downward pressure on economic conditions caused by COVID-19 or concerns about the spread of infections, and instead describes the normalization of social and economic activity and a gradual recovery trend, its discussion of immediate pandemic-related risks has diminished. - FY2024-Q2RestatedAnnual report
「During the first six months of the current fiscal year, Japan's economy showed signs of normalizing social and economic activity as restrictions related to COVID-19 were eased. However, the outlook for the Japanese economy remained uncertain due to the prolonged Russia-Ukraine situation, soaring global resource prices and rising prices resulting from the weaker yen, among other factors.」
The company describes the easing of restrictions on movement caused by COVID-19 and moves toward the normalization of social and economic activity. Although the discussion of the pandemic's downward pressure on economic conditions has diminished, uncertainty about economic conditions remains. - FY2024-Q1SoftenedAnnual report
「During the first quarter of the current fiscal year, Japan's economy showed signs of normalizing social and economic activity as restrictions related to COVID-19 were eased. However, the outlook for the Japanese economy remained uncertain due to the prolonged Russia-Ukraine situation, soaring global resource prices and rising prices resulting from the weaker yen, among other factors.」
The company describes the easing of restrictions on movement caused by COVID-19 and moves toward the normalization of social and economic activity, while providing less detail than previously on the immediate downward pressure on economic conditions caused by the pandemic. - FY2023-Q3RestatedAnnual report
「There have been no significant changes to the assumptions, including the future spread of COVID-19 and the timing of its containment, described in the additional information to the securities report for the previous fiscal year. However, the impact of COVID-19 remains highly uncertain, and further spread of the infection could affect the Company's financial position and operating results.」
While there have been no significant changes to the accounting assumptions concerning COVID-19, the company continues to disclose the uncertainty that a further spread of infections could affect its financial position and operating results. - FY2023-Q1RestatedAnnual report
「Taiwan performed steadily, but the automotive industries in Thailand and Indonesia continued to face a challenging business environment as automakers continued to adjust production due to the impact of COVID-19 and were also affected by surging prices for raw materials such as non-ferrous metals.」
The company states that production adjustments by automakers in Thailand and Indonesia due to COVID-19, along with a challenging business environment, have continued. - FY2022RestatedAnnual report
「As COVID-19 spread worldwide, some segments of the Group were affected by lower revenue. The Group assumes that this impact will largely return to normal over approximately the next year. However, estimates concerning the spread of COVID-19 and the timing of its containment involve uncertainty, and actual results may differ from these assumptions.」
The company continues to disclose lower revenue in some segments due to COVID-19, the assumption that conditions will normalize over approximately the next year, and the related uncertainty. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year, Japan's economy remained unstable as economic activity gradually resumed and signs of recovery emerged in some areas amid the prolonged impact of COVID-19, but infections resurged with the spread of new variants.」
The company continues to disclose the prolonged COVID-19 pandemic, the resurgence of infections caused by new variants, and instability in domestic economic conditions. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter of the fiscal year, Japan's economy remained unstable as economic activity gradually resumed and signs of recovery emerged in some areas amid the prolonged impact of COVID-19, but infections resurged with the spread of new variants.」
The company continues to disclose the prolonged COVID-19 pandemic, the resurgence of infections caused by new variants, and instability in domestic economic conditions. - FY2022-Q1RestatedAnnual report
「As the impact of COVID-19 continued for an extended period, economic activity gradually resumed and signs of recovery emerged in some areas, but conditions remained unstable as infections resurged amid the spread of new variants. Although the expansion of vaccination is expected to support a recovery in economic activity, the containment of the spread of infections remains unforeseeable, and the outlook for economic conditions continues to be uncertain.」
The company continues to disclose the prolonged COVID-19 pandemic, the resurgence of infections caused by new variants, and the uncertainty surrounding the containment of infections. - FY2021-Q3RestatedAnnual report
「In overseas economies as well, economic activity began to resume in China and countries around the world, but the containment of the spread of infections remains unforeseeable, and the outlook for economic conditions continues to be extremely uncertain.」
The company continues to disclose the impact of COVID-19 on economic conditions and the extremely uncertain situation in overseas economies because the containment of the spread of infections remains unforeseeable. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, Japan's economy deteriorated rapidly as individual consumption and corporate economic activity were severely restricted to prevent the spread of COVID-19. Overseas economies also showed signs of economic activity resuming, particularly in China, but the outlook remained extremely uncertain due to growing concerns over a resurgence of infections and the effects of U.S.-China trade friction, among other factors.」
The company continues to disclose the rapid deterioration in domestic economic conditions and the extremely uncertain situation in overseas economies caused by COVID-19, while adding growing concerns about a resurgence of infections despite the resumption of economic activity in countries around the world. - FY2021-Q1First statedAnnual report
「During the three months ended the first quarter, the Japanese economy deteriorated rapidly as personal consumption and corporate economic activity were severely restricted to prevent the spread of COVID-19. Overseas, the outlook also remained extremely uncertain due to the spread of COVID-19 and concerns over a prolonged US-China trade dispute, among other factors.」
The company identifies restrictions on personal consumption and corporate activity caused by COVID-19, a rapid deterioration in domestic economic conditions, and increasing uncertainty in overseas economies as new business environment risks. Regarding accounting estimates, it states that there have been no significant changes to the assumptions, including the future spread of COVID-19 and the timing of its containment.