Impact of COVID-19 on Economic Conditions and the Business
First written in FY2020-Q1. 5 of 14 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024DroppedAnnual reportThe securities report does not explicitly identify the impact of COVID-19 on the business as a separate risk.
- FY2023SoftenedAnnual report
「The spread of COVID-19 caused economic activity to stagnate or deteriorate in Japan and elsewhere around the world. The housing equipment industry relevant to the Group was also affected. Depending on the spread of COVID-19, the Group’s future financial condition and business results may be affected.」
The Company describes the impact of the pandemic on economic activity and the housing equipment industry in the past tense, while stating that the possibility of an impact depending on future infection trends remains. - FY2023-Q3SoftenedAnnual report
「During the cumulative third-quarter consolidated period, the Japanese and global economies showed signs of recovery as the COVID-19 pandemic was reclassified as a Class 5 infectious disease, restrictions on activities were further eased and economic activity moved toward normalization, although」
The company describes the normalization of economic activity following the reclassification of COVID-19 as a Class 5 infectious disease and the easing of restrictions on behavior, indicating that the economic impact of the infection has eased from before. Other external risks remain, however. - FY2023-Q2SoftenedAnnual report
「During the cumulative second-quarter consolidated period under review, Japan's and the global economy were moving toward the normalisation of social and economic activity as COVID-19 cases were brought under control and restrictions were lifted. However, the outlook for the economy remains uncertain due to the impact of yen depreciation on foreign-exchange rates and rising prices for resources and other commodities resulting from the prolonged Russia-Ukraine situation.」
The company indicates a trend toward economic normalization as the number of infections is brought under control and activity restrictions are lifted, and says the economic impact of COVID-19 has eased from previously. Uncertainty remains, however, due to the weaker yen and rising resource prices. - FY2023-Q1SoftenedAnnual report
「As the spread of COVID-19 began to subside, society started to move toward a stage of preventing further spread while maintaining economic activity. Although the impact of COVID-19 has been easing,」
The Company states that the impact of COVID-19 has diminished and that it has begun to move toward preventing the spread of infection while maintaining economic activity. The situation has partially eased from the severe conditions caused by previous resurgences of infections. - FY2022-Q3Partial recovery amid the renewed spread of infectionsAnnual report
「During the nine months of the current third quarter consolidated fiscal period, the economies of Japan and the rest of the world remained difficult in some areas because of the resurgence of COVID-19, although signs of a partial recovery had emerged.」
It states that, while difficult conditions continue in some areas due to the renewed spread of COVID-19, signs of an economic recovery are also evident in some areas. - FY2022-Q1RestatedAnnual report
「The impact of the spread of COVID-19 on the group's business will require continued monitoring.」
The impact of COVID-19 on the business continues to be identified as a risk requiring close monitoring. - FY2021RestatedAnnual report
「The spread of COVID-19 has caused economic activity to stagnate or deteriorate in Japan and elsewhere around the world, and the housing equipment industry relevant to the Group has also been affected.」
The Company continues to assess the impact of COVID-19 on economic activity and the housing equipment industry, as well as the potential impact on its future financial position and operating results. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, the economies of Japan and the world remained in a difficult situation. Although some regions, including Europe and the United States, were beginning to recover as COVID-19 vaccinations progressed, the spread of COVID-19 infections continued in Japan, including the reissuance of a state of emergency in April.」
While indicating recovery in some regions as a result of vaccinations, the company states that Japan continues to face a difficult economic environment as a result of the reissuance of a state of emergency and the continued spread of infections. - FY2021-Q1MaterialisedAnnual report
「In the overseas business, the impact of COVID-19 was not present during the cumulative first-quarter period of the previous fiscal year, whereas during the cumulative first-quarter period of the current fiscal year, the impact of the infection, primarily in Bangladesh and Myanmar, caused revenue to decline from the same quarter of the previous year.」
The company states that the impact of COVID-19 has materialized in its overseas business, with revenue declining year on year, mainly in Bangladesh and Myanmar. - FY2020RestatedAnnual report
「The spread of COVID-19 has caused economic activity to stagnate or deteriorate in Japan and elsewhere around the world, affecting the housing equipment industry closely related to the company's group. Depending on the spread of COVID-19 and when it is brought under control, the group's future financial condition and operating results may be affected.」
The company continues to recognize the stagnation and deterioration of economic activity caused by COVID-19 and the potential impact on the housing equipment industry and on its future financial condition and business results. - FY2020-Q3RestatedAnnual report
「The spread of COVID-19 has caused economic activity to stagnate or deteriorate in Japan and elsewhere around the world, adversely affecting the housing-equipment industry in which the group operates. Depending on when the COVID-19 pandemic subsides, the group's future financial position and operating results may be affected.」
The company continues to cite the stagnation and deterioration of economic activity caused by COVID-19, its adverse impact on the housing equipment industry, and the possibility of an impact on future financial condition and operating results. - FY2020-Q2MaterialisedAnnual report
「The spread of COVID-19 has caused economic activity to stagnate or deteriorate in Japan and elsewhere around the world, adversely affecting the housing-equipment industry in which the group operates. Depending on when the COVID-19 pandemic subsides, the group's future financial position and operating results may be affected.」
The disclosure states that the stagnation and deterioration of economic activity caused by COVID-19 have had an actual adverse impact on the housing equipment industry, and indicates the possibility of an impact on future financial condition and operating results. - FY2020-Q1First statedAnnual report
「The impact of the spread of COVID-19 on the group's business will require continued monitoring.」
The company explicitly identifies the spread of COVID-19 as a new risk to the group. Although procurement and production disruptions have occurred across the industry, it states that the company itself has not experienced any major delays to date.