Decline in revenue and impact on business activities due to COVID-19
First written in FY2020. 6 of 12 entries say "Restated". Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024SoftenedAnnual report
「The Group has multiple offices, factories and logistics facilities in Japan and conducts transactions with customers in Japan and overseas. If an infectious disease caused by an unknown virus, including COVID-19, spreads in Japan or overseas and makes it difficult for the Group and its business partners to operate, it could have a material impact on the Group’s financial condition, operating results and other matters.」
The company continues to disclose infectious disease risk, while also indicating that economic activity is gaining momentum following the transition to Category 5. - FY2024-Q2SoftenedAnnual report
「While economic activity is gaining momentum as COVID-19 countermeasures are eased」
The company states that economic activity gained momentum as COVID-19 countermeasures were eased, continuing to indicate a shift toward normalization from the previous suppression of economic activity. - FY2024-Q1SoftenedAnnual report
「While the transition of COVID-19 to Category 5 has led to signs of a move toward normalization」
The company explicitly indicated a move toward normalization of economic and business activity following the transition to Category 5, compared with its previous explanation that the effects of the disease would continue. - FY2023-Q2SoftenedAnnual report
「While measures to address COVID-19 have led to signs of a move toward normalization」
The company states that the effects of COVID-19 continue, while economic activity is showing signs of moving toward normalization. - FY2023-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, Japan's economy remained highly uncertain amid the prolonged impact of COVID-19 and the effects of surging crude oil and material prices.」
The company continues to describe an uncertain economic environment in which the effects of COVID-19 have been prolonged and crude oil and material prices have also surged. - FY2022RestatedAnnual report
「During the fiscal year, the Japanese economy remained in a difficult situation, as the effects of COVID-19 continued to suppress economic activity.」
The company continues to report, on a full-year basis, the suppression of economic activity and its impact on business performance due to COVID-19. - FY2022-Q3RestatedAnnual report
「During the nine-month period ended 31 December, the Japanese economy remained in a difficult situation, as the effects of COVID-19 continued to suppress economic activity.」
The company continues to report the suppression of economic activity and its impact on business performance due to COVID-19. - FY2022-Q2RestatedAnnual report
「During the six-month period ended 30 September, the Japanese economy remained in a difficult situation, as the effects of COVID-19 continued to suppress economic activity.」
The company continues to report that the ongoing effects of COVID-19 are suppressing economic activity and affecting business performance. - FY2022-Q1RestatedAnnual report
「The effects of COVID-19 continued, including the reissuance of a state of emergency declaration and the application of priority preventive measures to prevent the spread of the disease.」
The company continues to describe the ongoing effects of COVID-19 on economic activity and business performance. - FY2021-Q2RestatedAnnual report
「However, revenue decreased 16.8% year on year to ¥2,419 million (¥2,907 million in the same period of the previous year) due to the impact of stagnation in socioeconomic activity caused by the spread of COVID-19.」
The continued stagnation of socioeconomic activity caused by the spread of COVID-19 remains a factor behind the decline in consolidated revenue. - FY2021-Q1WorsenedAnnual report
「During the cumulative first quarter of the current fiscal year, the Japanese economy came under extremely severe conditions as social and economic activity stagnated amid the global spread of COVID-19. The economic outlook has also become increasingly uncertain, as the timing of the end of the pandemic cannot be foreseen.」
The company continues to describe the effects of COVID-19, which became apparent in the previous fiscal year, as stagnation in socioeconomic activity and increasing uncertainty about the outlook. - FY2020First statedAnnual report
「The spread of COVID-19 reduced revenue in the metal products business, where operating adjustments have been made since April 2020. In the leisure business, revenue was also affected by changes in operating methods, including shorter operating hours.」
The company states that COVID-19 resulted in operating adjustments in the metal products business and shorter operating hours in the leisure business, both of which negatively affected revenue.