Risk of an economic slowdown caused by COVID-19
First written in FY2022. 4 of 7 entries say "Mitigated", first in FY2023-Q1. Latest entry: FY2024.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024DroppedAnnual report
「Following the reclassification of COVID-19 as a Class 5 infectious disease in May 2023, the normalization of socioeconomic activity from the pandemic progressed」
The previous risk of economic stagnation caused by COVID-19 is not listed as a standalone item in the current list of major risks. - FY2024-Q1MitigatedAnnual report
「Although the timing of the end of the COVID-19 pandemic and other developments are difficult to predict, we believe that the likelihood of the Company's business activities being significantly restricted is low at present and that the impact on the Company's results is limited.」
Continues to assess the likelihood of significant restrictions on business activities as low and the impact on results as limited. - FY2023MitigatedAnnual report
「After implementing measures in response to COVID-19, we are conducting business activities broadly at the same level as under normal conditions by using telework (working from home) and promoting the use of web conferences and internal chat tools, among other measures. Accordingly, we expect the impact of COVID-19 on the Company's business activities to be limited.」
Indicated that the impact on business activities is limited and broadly at the same level as under normal conditions. Meanwhile, it considers the impact on the overall economy uncertain. - FY2023-Q3WorsenedAnnual report
「Although the likelihood of the Company's business activities being significantly restricted by COVID-19 is low at present, we believe that it will have a certain impact on the Company's results and that this impact will continue.」
Indicated that the likelihood of significant restrictions on business activities is low, while a certain impact on results is expected to continue. - FY2023-Q2MitigatedAnnual report
「Although the timing of the end of the COVID-19 pandemic and other developments are difficult to predict, we believe that the likelihood of the Company's business activities being significantly restricted is low at present and that the impact on the Company's results is limited.」
Continues to assess the impact of COVID-19 on business activities and results as limited. - FY2023-Q1MitigatedAnnual report
「Although the timing of the end of the COVID-19 pandemic and other developments are difficult to predict, we believe that the likelihood of the Company's business activities being significantly restricted is low at present and that the impact on the Company's results is limited.」
Indicated that, compared with the previous economic stagnation risk, the impact on current business activities and results is considered limited. - FY2022First statedAnnual report
「If economic stagnation in Japan continues for an extended period, it may affect our results of operations and financial condition.」
Explains that the Company uses telework, web conferences and internal chat, and that service use has tended to increase as users spend more time at home.