Impact of COVID-19 on Orders, Sales and Profit
First written in FY2022. 1 of 3 entries say "Softened", first in FY2023. Latest entry: FY2024.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024DroppedAnnual reportThe business and other risks for the fiscal year ended November 2024 do not identify the impact of COVID-19 on orders, sales and profit as a standalone risk.
- FY2023SoftenedAnnual report
「During the fiscal year, Japan's economy remained in a challenging environment, with growth limited to a moderate pace. While the social impact of COVID-19 diminished, personal consumption remained sluggish due to high prices, and weakness emerged in machinery investment, particularly in the manufacturing sector, as well as in capital investment, another pillar of domestic demand.」
The disclosure now states that the social impact of COVID-19 is diminishing, reducing its emphasis from the former standalone risk disclosure. - FY2022First statedAnnual report
「Cancellations of the Group's services resulting from deterioration in customers' profitability (although not all cancellations are attributable to COVID-19, the company recognises that a certain number of cancellations have continued among smaller customers and others).」
While recognising a certain number of cancellations among smaller customers and others, the company determined that operations remained at approximately normal levels during the fiscal year and that there was no material accounting impact as of the current date.