Risk of Economic Downturn and Lower Sales Due to the Global Spread of the Novel Coronavirus
First written in FY2020. 6 of 13 entries say "Restated". Latest entry: FY2025.
Super Tool 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 2020: 112 of 175 companies on the "Worse" side.
55 other companies' latest entry also says "Dropped".
- FY2025DroppedAnnual reportThe business environment and risk disclosures in this annual securities report do not explicitly identify the risk of an economic downturn or decline in sales due to the spread of COVID-19.
- FY2024-Q1SoftenedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, economic activity resumed as restrictions on movement in response to COVID-19 were eased, and personal consumption and capital investment showed signs of recovery. However, conditions remained uncertain due to factors including exchange-rate fluctuations and the impact of rising prices.」
As restrictions on activity related to the pandemic were eased and the resumption and recovery of domestic economic activity were indicated, references to pandemic-related sales and economic risks have weakened somewhat from the previous period. However, uncertainty about the outlook continues. - FY2023-Q3WorsenedAnnual report
「The global economy also remains uncertain due to the prolonged situation in Ukraine, the impact on the economy of a sharp increase in COVID-19 cases in China, and concerns about a shift from a period of global inflation to a period of economic recession.」
The economic impact of the sharp increase in COVID-19 cases in China and concerns about a shift from inflation to recession are identified as new factors contributing to the deterioration of the economic and sales decline risks associated with the pandemic. - FY2023-Q2WorsenedAnnual report
「The situation remained uncertain due to concerns about soaring raw-material and energy prices, exchange-rate trends including a sharp depreciation of the yen, and a rapid increase in the number of COVID-19 cases from July onward.」
The company explicitly identifies the rapid increase in the number of infections as a new factor contributing to deterioration, specifying the uncertainty in the economic and sales environment caused by the pandemic. - FY2023-Q1RestatedAnnual report
「The situation remained uncertain due to rising raw-material prices, surging crude oil prices and the risk of a renewed spread of infections caused by new variants. The global economy also remains uncertain, owing to concerns that the Ukraine issue may be prolonged and the risk of a renewed spread of infections in some regions.」
The company explains that an uncertain business environment, including the risk of a renewed spread of infections caused by new variants and concerns that the Ukraine issue may be prolonged, continues. - FY2022RestatedAnnual report
「For the next period, although the spread of COVID-19 is expected to be contained through the wider availability of vaccinations and other measures, and economic activity is expected to recover, the company expects conditions to remain uncertain due to the risk of a renewed spread of infections caused by new variants and factors including the situation in Ukraine.」
While indicating expectations that vaccinations will help contain the pandemic and support a recovery, the company reconfirms its view that the risk of a renewed spread of infections caused by new variants remains. - FY2022-Q3WorsenedAnnual report
「The risk of a renewed spread of infections, including from the emergence of new variants, has not been eliminated, and the situation remained uncertain, with signs of a pause in the recovery of capital investment.」
Regarding the impact of the pandemic on economic activity, the company explicitly states that the emergence of new variants and the risk of a renewed spread of infections have not been eliminated. - FY2022-Q2RestatedAnnual report
「Although there were signs of a recovery in capital investment and other areas as restrictions on economic activity continued due to the impact of COVID-19, the situation remained difficult, with a state of emergency and priority preventive measures against the spread of disease continuing to be implemented in multiple prefectures.」
The company explains that restrictions on economic activity and their impact on the domestic economy caused by COVID-19 continue, while signs of a recovery are emerging in capital investment. - FY2021RestatedAnnual report
「However, partly due to the impact of COVID-19, the domestic economy saw a decline in capital investment, and sales of jigs and fixtures used particularly for machine tools became difficult, resulting in sluggish sales overall for our products used across a broad range of industries.」
The deterioration in the domestic economy caused by the pandemic and sluggish sales of products for a wide range of industries became evident for the full year as well. - FY2021-Q3RestatedAnnual report
「However, due in part to the impact of COVID-19, the Japanese economy showed weakness, particularly in manufacturing, and sales of our products used across a broad range of industries struggled.」
The weakness in the domestic economy caused by the pandemic and sluggish sales of products for a wide range of industries continued through the cumulative third quarter. - FY2021-Q2RestatedAnnual report
「However, due in part to the impact of COVID-19, the Japanese economy showed weakness, particularly in manufacturing, and sales of our products used across a broad range of industries struggled.」
The deterioration in the domestic economy caused by COVID-19 and sluggish sales of products for a wide range of industries continued through the cumulative second quarter. - FY2021-Q1MaterialisedAnnual report
「However, due in part to the spread of COVID-19, the Japanese economy showed weakness, particularly in manufacturing, and sales of our products used across a broad range of industries struggled.」
The deterioration of the Japanese economy due to the spread of COVID-19 and sluggish sales of products for a broad range of industries have materialized in the company's results. - FY2020First statedAnnual report
「Looking ahead to the next fiscal year, the global spread of COVID-19 is expected to have a substantial impact on various industries and consumer trends, raising concerns that the Japanese economy may also enter a recession as a result.」
The global spread of COVID-19 was identified for the first time as an independent theme concerning its risk to industry, consumer trends, and the Japanese economy. The main text also states that sales of some products actually struggled to grow.