Business and Accounting Impact of the Spread of COVID-19
First written in FY2021-Q1. 8 of 13 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
- FY2024MitigatedAnnual report
「Although restrictions on economic activity caused by COVID-19 had ended during the current fiscal year, the prolonged Russian invasion of Ukraine, uncertainty surrounding monetary policy in the United States and elsewhere, and the slowdown in the Chinese economy affected economic activity.」
The Company stated that restrictions on economic activity caused by COVID-19 had ended, indicating that the infection's previous business impact had weakened. Meanwhile, other risks, including geopolitical risks, monetary policy risks, and risks related to the Chinese economy, continued. - FY2024-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period, the global economy saw progress in the easing of restrictions on economic activity caused by COVID-19. However, the prolonged Russian invasion of Ukraine and interest rate hikes in the United States and elsewhere to curb inflation also affected economic activity. In Japan, progress was made in balancing infection-control measures with economic activity, including the classification of COVID-19 as a Category 5 disease, and the economy was beginning to recover, led by personal consumption and inbound demand.」
The Company stated that restrictions on economic activity caused by COVID-19 continued to ease, while other external-environment risks remained. - FY2024-Q1MitigatedAnnual report
「During the first quarter of the current consolidated cumulative period, the global economy saw progress in the easing of restrictions on economic activity caused by COVID-19. However, the prolonged Russian invasion of Ukraine and interest rate hikes in the United States and elsewhere to curb inflation also affected economic activity.」
The Company stated that restrictions on economic activity caused by COVID-19 were being eased and that Japan was balancing the transition of the disease to Category 5 with economic activity. While the infection's previous business impact had weakened, other economic-environment risks remained. - FY2023-Q3RestatedAnnual report
「There were no significant changes from the previous consolidated fiscal year in the assumptions used for accounting estimates concerning COVID-19 described under “Significant Accounting Estimates” in the previous fiscal year's securities report. As the impact of COVID-19 on economic activity remains highly uncertain, changes in these assumptions could affect the Company's financial position and operating results from the next quarterly consolidated accounting period onward.」
While stating that there had been no significant changes in the assumptions used for accounting estimates concerning COVID-19, the Company continued to describe the uncertainty surrounding the impact on economic activity and the possibility of an impact on its future financial position and operating results. - FY2023-Q2RestatedAnnual report
「There were no significant changes from the previous consolidated fiscal year in the assumptions used for accounting estimates concerning COVID-19 described under “Significant Accounting Estimates” in the previous fiscal year's securities report. As the impact of COVID-19 on economic activity remains highly uncertain, changes in these assumptions could affect the Company's financial position and operating results from the next quarterly consolidated accounting period onward.」
While stating that there had been no significant changes in the assumptions used for accounting estimates concerning COVID-19, the Company continued to describe the uncertainty surrounding the impact on economic activity and the possibility of an impact on its future financial position and operating results. - FY2023-Q1RestatedAnnual report
「There were no significant changes from the previous consolidated fiscal year in the assumptions used for accounting estimates concerning COVID-19 described under “Significant Accounting Estimates” in the previous fiscal year's securities report. As the impact of COVID-19 on economic activity remains highly uncertain, changes in these assumptions could affect the Company's financial position and operating results from the next quarterly consolidated accounting period onward.」
While stating that there had been no significant changes in the assumptions used for accounting estimates concerning COVID-19, the Company continued to describe the uncertainty surrounding the impact on economic activity and the possibility of an impact on its future financial position and operating results. - FY2022ReframedAnnual report
「● Impact of the spread of the infection on the supply chain (purchasing and procurement) ● Impact on production and sales due to changes in customers' operating conditions caused by the spread of the infection ● Delays, interruptions, and suspensions of operations caused by the spread of the infection [Response]・Development of an infectious disease BCP・Securing necessary and appropriate inventories・Early collection of customer information and flexible production planning・Thorough implementation of infectious disease prevention measures for employees」
The COVID-19 risk, previously focused on its impact on accounting estimates, was organized as a business risk affecting procurement, production, sales, and operational shutdowns, with response measures involving BCPs, inventories, and production planning explicitly stated. - FY2022-Q3RestatedAnnual report
「There were no significant changes from the previous consolidated fiscal year in the assumptions used for accounting estimates concerning COVID-19 described under “Significant Accounting Estimates” in the previous fiscal year's securities report. As the impact of COVID-19 on economic activity remains highly uncertain, changes in these assumptions could affect the Company's financial position and operating results from the next quarterly consolidated accounting period onward.」
While stating that there had been no significant changes in the assumptions used for accounting estimates concerning COVID-19, the Company continued to explain that the impact on economic activity remained highly uncertain. - FY2022-Q2RestatedAnnual report
「There were no significant changes from the previous consolidated fiscal year in the assumptions used for accounting estimates concerning COVID-19 described under “Significant Accounting Estimates” in the previous fiscal year's securities report.」
The Company stated that there had been no significant changes from the previous consolidated fiscal year in the assumptions used for accounting estimates concerning COVID-19. - FY2022-Q1RestatedAnnual report
「There were no significant changes from the previous consolidated fiscal year in the assumptions used for accounting estimates concerning COVID-19 described under “Significant Accounting Estimates” in the previous fiscal year's securities report.」
The Company stated that there had been no significant changes from the previous consolidated fiscal year in the assumptions used for accounting estimates concerning COVID-19. - FY2021-Q3RestatedAnnual report
「The Company makes accounting estimates, including impairment accounting for fixed assets and the recoverability of deferred tax assets, based on information available when preparing the quarterly consolidated financial statements. Although the degree of the impact of the spread of COVID-19 on the Company's group varies by business and region, the Company assumes that it will continue for approximately the next year.」
The Company maintained the assumption that the impact of COVID-19 would continue for approximately the next year and used it in accounting estimates, including impairment of fixed assets and the recoverability of deferred tax assets. - FY2021-Q2SoftenedAnnual report
「Although the degree of the impact of the spread of COVID-19 on the Company's group varies by business and region, the Company assumes that it will continue for approximately the next year.」
The assumed duration of the impact of the spread of the infection changed from the previous assumption of approximately 1 to 1.5 years to approximately the next year. The explanation that changes in the assumptions could affect the Company's financial position and operating results remained unchanged. - FY2021-Q1First statedAnnual report
「The Company makes accounting estimates, including impairment accounting for fixed assets and the recoverability of deferred tax assets, based on information available when preparing the quarterly consolidated financial statements. Although the impact of the spread of COVID-19 on the Company's group differs in nature and degree by business and region, the Company assumes that it will continue for approximately 1 to 1.5 years.」
The Company stated that the spread of COVID-19 had already affected sales volume, net sales, profit and loss, financing, and accounting estimates. Assuming that the impact would continue for approximately 1 to 1.5 years, it estimated impairment of fixed assets and the recoverability of deferred tax assets.