Impact of COVID-19 on Business Operations and Performance
First written in FY2020. 6 of 14 entries say "Reframed", first in FY2023-Q1. Latest entry: FY2024.
Wise Holdings moved to the "Worse" side of this theme in 2022, 2 years after the typical company in this theme (2020).
The whole theme swung hardest in 2025: 5 of 18 companies on the "Worse" side.
17 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Our group operates from multiple business locations. If an abnormal event, such as a pandemic like the spread of COVID-19 or a major natural disaster, occurs on a scale beyond our expectations and makes business operations difficult, it may adversely affect the operating results and financial position of our group.」
The business-operation risks posed by pandemics, including COVID-19, and major natural disasters continued to be described. - FY2024-Q2ReframedAnnual report
「During the six-month period ended [current second quarter], COVID-19 was reclassified under Japan’s Infectious Disease Control Law as a Class 5 disease, and the economy was gradually recovering as economic activity returned to normal. However, the outlook remained uncertain because of concerns including slower growth in the Chinese economy and geopolitical risks arising from the situation involving Russia and Ukraine.」
Regarding the impact of COVID-19, a recovery trend toward the transition to Category 5 and the normalization of economic activity was described. Meanwhile, future concerns were identified as slowing growth in the Chinese economy and geopolitical risks. - FY2024-Q1ReframedAnnual report
「During the first quarter of the current consolidated fiscal year, the Japanese economy remained uncertain because of concerns including global inflation driven by higher raw material prices and the rapid depreciation of the yen, although the impact of COVID-19 had eased. In the automotive industry, a major customer of our group, the impact of semiconductor shortages had eased and automakers' production activities were moving toward normalization.」
While the adverse economic impact of COVID-19 and the impact of semiconductor shortages were easing, inflation and the depreciation of the yen were described as new concerns. - FY2023ReframedAnnual report
「During the consolidated fiscal year under review, the adverse impact of COVID-19 had eased, but the outlook remained uncertain due to concerns including global inflation accompanying higher resource prices, particularly crude oil, and monetary tightening resulting from interest-rate increases in various countries.」
While recognizing that the adverse economic impact of COVID-19 had eased, higher resource prices, inflation and monetary tightening were described as new factors contributing to uncertainty. - FY2023-Q3ReframedAnnual report
「During the nine-month period of the current consolidated fiscal year, the Japanese economy remained uncertain because of concerns including global inflation accompanying higher resource prices, particularly crude oil, although the adverse impact of COVID-19 had eased. In the automotive industry, a major customer of our group, plant operations had begun to recover, supported by exports amid the depreciation of the yen, but manufacturers' operating adjustments due to tight semiconductor and parts supplies remained a concern, making future production activity difficult to forecast.」
While the adverse economic impact of the infection was said to have eased, higher resource prices, global inflation, and tight semiconductor and parts supplies in the automotive industry were described as new factors contributing to uncertainty. - FY2023-Q2ReframedAnnual report
「During the first half of the current consolidated fiscal year, the Japanese economy remained uncertain because of concerns including the rapid depreciation of the yen and global inflation accompanying higher resource prices, particularly crude oil, although the adverse impact of COVID-19 had eased. In the automotive industry, a major customer of our group, manufacturers continued to adjust operations because of tight semiconductor supply and parts supply disruptions, making future production activity difficult to forecast.」
While the adverse economic impact of the infection was said to have eased, the depreciation of the yen, higher resource prices and inflation, as well as tight semiconductor supply and parts supply disruptions in the automotive industry, were described as new factors contributing to uncertainty. - FY2023-Q1ReframedAnnual report
「During the first quarter of the current consolidated fiscal year, the Japanese economy remained uncertain because of concerns including global inflation driven by higher raw material prices and the rapid depreciation of the yen, although the adverse impact of COVID-19 had eased. In the automotive industry, a major customer of our group, manufacturers' production was disrupted by tight semiconductor supply and disruptions in parts supplies caused by the spread of COVID-19.」
While the adverse economic impact of the infection was said to have eased, production at major customers was disrupted by parts supply disruptions and tight semiconductor supply. - FY2022-Q3WorsenedAnnual report
「The global spread of infections caused by the Omicron variant, which began late last year, has also made the outlook uncertain.」
The global spread of infections caused by the Omicron variant was described as a new factor contributing to uncertainty about the outlook for COVID-19. - FY2022-Q2RestatedAnnual report
「During the first half of the current consolidated fiscal year, personal consumption weakened in the Japanese economy as the re-expansion of COVID-19 led to the declaration of states of emergency and the implementation of priority preventive measures.」
The impact on personal consumption of the re-expansion of COVID-19 and related measures, including states of emergency, was reconfirmed. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, the Japanese economy was affected by the re-expansion of COVID-19, including the declaration of a state of emergency and the implementation of priority preventive measures in some regions.」
The re-expansion of COVID-19 and the impact of related measures in some regions were reconfirmed. - FY2021-Q3RestatedAnnual report
「The automotive industry, a major customer of the group, had been steadily recovering after being affected by a sharp decline in demand, but the current infection situation has made the outlook uncertain.」
While the actual impact on major customers from the spread of COVID-19 continued, a steady recovery trend was also observed in the automotive industry. - FY2021-Q2MaterialisedAnnual report
「The automotive industry, a major customer of the group, was forced to cut production because of a sharp decline in demand, and the challenging business environment continues.」
The decline in demand caused by the spread of COVID-19 appeared as production cuts by major customers, resulting in an actual impact on orders and results in the metal products business. - FY2021-Q1MaterialisedAnnual report
「The automotive industry, a major customer of the group, has also been affected by the spread of the novel coronavirus, including production-line stoppages, and the challenging business environment continues.」
The suspension of production lines due to the spread of COVID-19 and the actual impact on orders and results in the metal products business occurred. - FY2020First statedAnnual report
「Our group operates from multiple business locations. If an abnormal event, such as a pandemic like the spread of COVID-19 or a major natural disaster, occurs on a scale beyond our expectations and makes business operations difficult, it may have a significant impact on the financial position, operating results and other aspects of our group.」
The spread of COVID-19 was first described as an independent pandemic risk that could affect operations at multiple locations, financial position and operating results.