Risks to Demand, Commodity Markets and Business Continuity from the COVID-19 Pandemic
First written in FY2020. 5 of 14 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2026DroppedAnnual reportThe demand, market conditions and business continuity risks arising from the spread of COVID-19 that had been disclosed previously could not be identified among the business and other risks in this report.
- FY2024MitigatedAnnual report
「Following the lifting of restrictions imposed to prevent the spread of COVID-19, economic and social activity normalized, and the economy continued to recover moderately.」
Restrictions on economic activity caused by COVID-19 were described as having eased from the previous fiscal year following the lifting of restrictions and the normalization of social activity. - FY2024-Q1MitigatedAnnual report
「In Japan, despite concerns about the impact of rising prices on households and companies and the risk of a downturn in the global economy, economic and social activity normalized following the lifting of restrictions imposed to prevent the spread of COVID-19, and the economy continued to recover moderately.」
In Japan, economic and social activity normalized following the lifting of restrictions, and the impact of restrictions on economic activity caused by COVID-19 was described as having eased from the previous fiscal year. - FY2023MitigatedAnnual report
「During the consolidated fiscal year under review, although the impact of COVID-19 eased, the recovery of the global economy remained generally weak due to monetary tightening in the United States and Europe against a backdrop of worldwide inflation.」
The impact of COVID-19 was described as having eased from the previous fiscal year, reducing some demand and business continuity risks, although the weakness of the economic recovery remained. - FY2023-Q3RestatedAnnual report
「Restrictions on economic activity and other effects arising from COVID-19, as well as the impact of international developments surrounding Ukraine on commodity prices and restrictions on economic activity, may affect the Group's businesses and business performance, and we will continue to monitor developments closely.」
The impact of COVID-19 and the situation in Ukraine on commodity prices and economic activity continues to be treated as a risk requiring close monitoring. - FY2023-Q1RestatedAnnual report
「Restrictions on economic activity and other effects arising from COVID-19, as well as the impact of international developments surrounding Ukraine on commodity prices and restrictions on economic activity, may affect the Group's businesses and business performance, and we will continue to monitor developments closely.」
The impact of COVID-19, together with the impact of the situation in Ukraine on commodity prices and economic activity, was identified as a risk requiring continued monitoring. - FY2022RestatedAnnual report
「COVID-19 is affecting the economy, corporate activity and social life across a wide range of areas, as well as demand for and prices of the various products handled by the Group's businesses.」
Assuming that the infection's impact on demand, prices and business continuity will continue to a certain extent, the company continues to monitor its impact on business performance and plans. - FY2022-Q2RestatedAnnual report
「During the cumulative consolidated second-quarter period under review, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year. Restrictions on economic activity and other effects arising from COVID-19 may affect the Group's businesses and business performance, and we will continue to monitor developments closely.」
Restrictions on economic activity and other effects arising from COVID-19 continue to be monitored as risks, but the company stated that there were no new risks or material changes to existing risks. - FY2022-Q1RestatedAnnual report
「During the cumulative consolidated first-quarter period under review, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year. Restrictions on economic activity and other effects arising from COVID-19 may affect the Group's businesses and business performance, and we will continue to monitor developments closely.」
The impact of COVID-19 on demand and business performance continues to be monitored as a risk, but the company stated that there were no new risks or material changes to existing risks. - FY2021Assumption that the impact will be prolongedAnnual report
「Assuming that the effects of declining sales volumes and deteriorating product market conditions, mainly caused by COVID-19, will continue to a certain extent through fiscal 2022, the final year of the Second Medium-Term Management Plan, they are expected to have a significant impact on operating income and loss and other items.」
The company assumed that the impact of COVID-19 on demand and market conditions would continue to a certain extent through fiscal 2022, explicitly indicating that the impact would be prolonged. - FY2021-Q3Continuing COVID-19 impact and accelerating decline in exportsAnnual report
「Sales volumes, centered on jet fuel, diesel and gasoline, declined 14.4% year on year for domestic sales and 63.4% for exports.」
Demand continued to decline due to COVID-19, with domestic sales volume down 14.4% and exports down 63.4%. Although the risk disclosure stated that there were no new material changes, the impact on the business continued. - FY2021-Q2WorsenedAnnual report
「Sales volumes, centered on jet fuel, diesel and gasoline, declined 16.6% year on year for domestic sales and 61.0% for exports.」
The decline in demand caused by COVID-19 was reflected in results for the cumulative second quarter, with export sales volume down 61.0% year on year in particular. The infection continued to affect demand and business performance. - FY2021-Q1MaterialisedAnnual report
「During the cumulative consolidated first-quarter period under review, demand for petroleum and petrochemical products in Japan and overseas declined substantially due to the spread of COVID-19.」
The decline in demand caused by the spread of COVID-19 was reflected in the Energy business's results, including a 16.5% decrease in domestic sales volume, a 55.6% decrease in exports and an operating loss of ¥18.4 billion. - FY2020First statedAnnual report
「Restrictions on economic activity and other effects arising from the spread of COVID-19 have had a significant impact on the businesses of the Group. As the future impact remains uncertain, the Group's financial position and operating results may be affected in ways that cannot currently be anticipated.」
The spread of the infection was first explicitly identified as a separate risk item after it actually affected demand for petroleum and petrochemical products, crude oil and copper prices, business performance and operations. Measures including working from home, staggered commuting and the establishment of a response headquarters were also described.