Risk of weaker demand and stalled activity due to COVID-19
First written in FY2022. 2 of 5 entries say "Mitigated", first in FY2023-Q2. Latest entry: FY2024.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024ReframedAnnual report
「During the consolidated fiscal year under review, the outlook remained uncertain due to soaring global resource prices, volatile foreign exchange movements, and higher prices for goods and services.」
The focus of the description has shifted from the specific risk posed by COVID-19 to uncertainty in the economic environment, particularly resource prices, foreign exchange rates, and high prices. - FY2024-Q2RestatedAnnual report
「During the six-month consolidated period under review, domestic economic and consumer activity continued to normalize as the COVID-19 pandemic subsided, and sentiment about business conditions began to recover. However, the outlook remained uncertain due to soaring global resource prices, volatile foreign exchange movements, and higher prices for goods and services.」
The company continues to explain that the COVID-19 pandemic has subsided and economic activity has continued to normalize. - FY2023MitigatedAnnual report
「As the COVID-19 pandemic subsided, domestic economic and consumer activity continued to normalize and sentiment about business conditions began to recover. However, the outlook remained uncertain due to soaring global resource prices, volatile foreign exchange movements, and higher prices for goods and services.」
The description of the risk of demand and activity stagnation related to COVID-19 has changed to state that the pandemic has subsided and economic activity has continued to normalize. - FY2023-Q2MitigatedAnnual report
「During the six-month period under review, economic activity continued to normalize as the COVID-19 pandemic subsided. However, economic and consumer trends remained uncertain due to soaring resource prices amid the prolonged Russian invasion of Ukraine, policy rate hikes in response to accelerating inflation, particularly in the United States, and higher prices for goods and services.」
The company explains that the COVID-19 pandemic has subsided and economic activity has continued to normalize. However, it states in the Business and Other Risks section that there have been no material changes. - FY2022First statedAnnual report
「The course of the COVID-19 pandemic and the timing of its containment remain uncertain. If the spread continues for several years, demand for the Company's services may decline and activities related to those services may be disrupted.」
The likelihood of occurrence is assessed as medium, the possible timing as within the next several years, and the potential impact as medium.