Impact of the spread of COVID-19 on the business
First written in FY2020. 4 of 9 entries say "Worsened", first in FY2021-Q1. Latest entry: FY2025.
Nippon Hume moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 88 of 125 companies on the "Worse" side.
26 other companies' latest entry also says "Dropped".
- FY2025DroppedAnnual reportThe current year’s business and other risks do not identify the impact of the spread of COVID-19 on business as a separate risk item.
- FY2023-Q3RestatedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, Japan’s economy showed signs of recovery as efforts progressed to balance COVID-19 containment with economic activity, although」
The company reconfirms that uncertainty remains in the economic environment, including COVID-19, while referring to efforts to balance infection control with economic activity and signs of an economic recovery. - FY2023-Q2WorsenedAnnual report
「Social and economic activity began moving toward normalisation as COVID-19 vaccinations became more widespread and restrictions on movement were eased. However, uncertainty continued due to the seventh wave of COVID-19, the prolonged situation in Ukraine, soaring raw material and energy prices caused by the rapid depreciation of the yen, and weaker consumer appetite due to rising prices.」
The company states that, while vaccinations and the easing of movement restrictions supported a return to normalisation, the seventh wave occurred and uncertainty related to the pandemic continued. - FY2022-Q3WorsenedAnnual report
「Although signs of a recovery had been expected due to the spread of COVID-19 vaccinations and the lifting of the state of emergency, the outlook remained uncertain as economic activity was affected by concerns over renewed infections and the emergence of new variants.」
The company states that, despite expectations of a recovery following vaccinations and the lifting of the state of emergency, renewed infections and new variants affected economic activity, and uncertainty about the outlook continued. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, the global economy began showing broader signs of recovery, supported by progress in COVID-19 vaccinations. However, infections began spreading again in some regions due to variants, and the situation remained unpredictable.」
The company refers to signs of recovery driven by vaccinations, while reconfirming its view that renewed infections caused by variants and an uncertain situation will continue. It also states that there have been no material changes to the COVID-19 assumptions used in its accounting estimates. - FY2021WorsenedAnnual report
「Although it is difficult at this point to assume when COVID-19 will end, the company made its accounting estimates for the current consolidated fiscal year based on information including the progress of its business plan, assuming that the full-year impact of the disease on the group’s earnings would be limited. However, if the situation continues for an extended period or worsens, it may affect the group’s financial position and operating results in the next consolidated fiscal year.」
The company assumes that the impact on earnings for the current fiscal year will be limited, while explicitly stating that a prolonged or worsening pandemic may affect its financial position and operating results in the next fiscal year. - FY2021-Q3RestatedAnnual report
「There are no material events or conditions to report. However, depending on how the spread of COVID-19 develops, it may affect the company’s business activities and ability to secure earnings.」
While stating that there are no material events or conditions to report, the company reconfirms the potential impact of the future course of COVID-19 on its business activities and ability to secure earnings. - FY2021-Q1WorsenedAnnual report
「During the first quarter of the current consolidated fiscal year, the global economy remained in an unpredictable situation, as there was still no clear end to the spread of COVID-19. Japan’s economy was gradually resuming social and economic activity from around June while implementing measures to prevent the spread of infection, but the infection trend was worsening mainly in urban areas, and the outlook is expected to remain uncertain. There are no material events or conditions to report. However, depending on how the spread of COVID-19 develops, it may affect the company’s business activities and ability to secure earnings.」
The company states that there was no clear end to the spread of infection and that infections were trending upward in urban areas, while continuing to explicitly disclose the potential impact on business activities and its ability to secure earnings. - FY2020First statedAnnual report
「The impact of COVID-19 on results for the current consolidated fiscal year was immaterial, as the spread of the infection occurred shortly before the end of the fiscal year, among other reasons. It is difficult at this point to predict how the impact of the spread of COVID-19 will develop. The company believes that it will need to closely monitor the impact on its business going forward.」
The company disclosed the impact of COVID-19 as a separate business risk for the first time. While it considers the impact on results for the current fiscal year immaterial, it states that the future impact is difficult to predict.