Impact of COVID-19 on Business Performance and Financial Position
First written in FY2020. 6 of 10 entries say "Restated". Latest entry: FY2024-Q3.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024-Q3RestatedAnnual report
「There have been no material changes to the assumptions concerning the impact on the company group of Russia’s invasion of Ukraine described in the “Additional Information” section of the securities report for the previous consolidated fiscal year.」
The company states that there have been no material changes from the previous fiscal year in the accounting assumptions concerning the impact of Russia’s invasion of Ukraine. - FY2023Lifting of restrictions on activities and normalization of economic activityAnnual report
「Restrictions on activities imposed in response to the global spread of the novel coronavirus have been gradually lifted, and policy has shifted toward balancing infection control with social and economic activity. Social and economic activity is moving toward normalization in a “with-coronavirus” environment.」
While indicating that restrictions on activities are being lifted and social and economic activity is returning to normal, the company continues to disclose the possibility that a prolonged pandemic may affect accounting estimates and performance. - FY2023-Q2RestatedAnnual report
「There have been no material changes to the assumptions concerning the impact on the company group of the spread of the novel coronavirus and Russia’s invasion of Ukraine described in the “Additional Information” section of the securities report for the previous consolidated fiscal year.」
The company states that there have been no material changes from the previous fiscal year in the accounting assumptions concerning the impact of the novel coronavirus. - FY2022-Q3RestatedAnnual report
「There have been no material changes to the assumptions concerning the impact of the novel coronavirus on the company group described in the “Additional Information” section of the securities report for the previous consolidated fiscal year.」
The company states that there have been no material changes from the previous fiscal year in the accounting assumptions concerning the impact of the novel coronavirus. - FY2022-Q2RestatedAnnual report
「There have been no material changes to the assumptions concerning the impact of the novel coronavirus on the company group described in the “Additional Information” section of the securities report for the previous consolidated fiscal year.」
The company states that there have been no material changes from the previous fiscal year in the accounting assumptions concerning the impact of the novel coronavirus. - FY2022-Q1RestatedAnnual report
「There have been no material changes to the assumptions concerning the impact of the novel coronavirus on the company group described in the “Additional Information” section of the securities report for the previous consolidated fiscal year.」
The company states that there have been no material changes from the previous fiscal year in the accounting assumptions concerning the impact of the novel coronavirus. - FY2021-Q3RestatedAnnual report
「However, if the situation continues for an extended period and infections continue to spread, it may affect the performance and financial condition of the company group.」
The company continues to explicitly disclose the possibility that a prolonged pandemic and further spread of infections may affect performance and financial condition. In the additional information, it states that there was no material impact on the quarterly consolidated financial statements for the third-quarter cumulative period and that it determined no revision of the assumptions concerning the recoverability of deferred tax assets was necessary. - FY2021-Q2WorsenedAnnual report
「However, if the situation continues for an extended period and infections continue to spread, it may affect the performance and financial condition of the company group.」
While the impact of the novel coronavirus continues, the company continues to explicitly disclose the possibility that a prolonged situation and further spread of infections may affect performance and financial condition. - FY2021-Q1WorsenedAnnual report
「The impact of the spread of the novel coronavirus during the current first-quarter cumulative consolidated period is described in “2. Analysis of Financial Condition, Operating Results and Cash Flows by Management, (1) Financial Condition and Operating Results.” Depending on future developments, it may affect the financial condition and operating results of the company group.」
Regarding the continuing impact of the novel coronavirus from the previous fiscal year, the company described its impact on the business environment and performance in the first quarter and continued to indicate the possibility of an impact on its financial condition and operating results depending on future developments. - FY2020MaterialisedAnnual report
「The global spread of the novel coronavirus has had a significant impact both in Japan and overseas, and the economy has deteriorated. With no end to the spread of infections in sight, the situation is expected to remain unpredictable.」
The company has disclosed the spread of the novel coronavirus and economic deterioration as new risks, including the possibility of restrictions on and postponement of construction investment and an impact on performance and financial condition from the following fiscal year onward.