Impact of COVID-19 on Demand, Market Conditions and Business Operations
First written in FY2020. 6 of 9 entries say "Restated". Latest entry: FY2023-Q3.
The whole theme swung hardest in 2020: 78 of 113 companies on the "Worse" side.
29 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「During the third quarter of the current consolidated cumulative period, Japan's economy was gradually recovering, partly due to the effects of various policies under the living-with-COVID approach. However, with monetary tightening and other measures continuing globally, there are concerns that weaker overseas economies will also put downward pressure on Japan's economy.」
While the economy was recovering under living with COVID-19, the company continued to describe uncertainties in the economic environment, including the impact of the infection. - FY2023-Q2RestatedAnnual report
「During the second quarter of the consolidated cumulative period, Japan's economy was expected to recover as the transition to a new phase of living with COVID-19 progressed and various policies took effect. However, amid continued monetary tightening globally, concern remained that a downturn in overseas economies could also put downward pressure on Japan's economy.」
Regarding the economic environment under the impact of COVID-19, the company described the transition to a new phase of living with COVID-19 and expectations for an economic recovery. It stated that there were no new risks or significant changes in business and other risks. - FY2022RestatedAnnual report
「Following the global spread of COVID-19, the Group held joint meetings on crisis response, consisting in fiscal 2021 of 17 meetings of the Crisis Response Headquarters and 3 meetings of the Crisis Response Committee, and has worked to ensure thorough infection-control measures.」
The company continued to recognise the risk to business operations posed by infectious diseases and continued its response measures, including Crisis Response Committee meetings, working from home, workplace vaccinations, testing kits and BCP. - FY2022-Q2RestatedAnnual report
「During the second quarter of the consolidated cumulative period, Japan's economy remained in an extremely severe condition due to the impact of COVID-19. Signs of recovery had continued, but were weakening.」
The company stated that, while the difficult economic environment caused by COVID-19 continued, signs of recovery were weakening. - FY2022-Q1RestatedAnnual report
「During the first quarter of the consolidated cumulative period, Japan's economy was in an extremely severe condition due to the impact of COVID-19. Signs of recovery continued, although weakness intensified in some areas.」
The company stated that, while the difficult economic environment caused by COVID-19 continued, signs of recovery also persisted. - FY2021-Q3RestatedAnnual report
「During the third quarter of the consolidated cumulative period, Japan's economy remained in a severe condition due to the impact of COVID-19, although signs of recovery were evident.」
The company stated that, while the difficult economic environment caused by COVID-19 continued, signs of recovery were evident. - FY2021-Q2MaterialisedAnnual report
「During the second quarter of the consolidated cumulative period, Japan's economy remained in a severe condition due to the impact of COVID-19, although signs of recovery were evident.」
The impact of COVID-19 continued, and amid a difficult economic environment, the quarterly net loss attributable to owners of the parent for the cumulative second quarter was ¥900 million. - FY2021-Q1MaterialisedAnnual report
「During the first quarter of the current consolidated cumulative period, Japan's economy was in an extremely severe situation due to the impact of COVID-19, but the decline was beginning to level off.」
The deterioration in the economic environment due to COVID-19 continued, and the Company recorded an operating loss of ¥28 billion, an ordinary loss of ¥28.3 billion and a quarterly net loss attributable to owners of the parent of ¥26 billion in the quarter. - FY2020First statedAnnual report
「This was attributable, among other factors, to deteriorating market conditions caused by the sharp decline in crude oil prices accompanying the global spread of COVID-19 and the impact of crude oil price fluctuations on the valuation of inventories.」
COVID-19 was first explicitly identified as a standalone business risk. Its impacts on the sharp decline in crude oil prices, reduced demand and deteriorating performance occurred during the year, with working from home, staggered working hours, BCP and hygiene management implemented as countermeasures.