Deterioration in economic and business conditions due to COVID-19
First written in FY2021-Q1. 3 of 12 entries say "Restated". Latest entry: FY2024-Q1.
The whole theme swung hardest in 2020: 111 of 174 companies on the "Worse" side.
55 other companies' latest entry also says "Dropped".
- FY2024-Q1DroppedAnnual report
「During the cumulative first quarter, economic activity continued to recover moderately despite the effects of persistently high resource prices. However, the outlook remained uncertain due to overseas economic and price trends, developments in the situation in Ukraine and resource price trends.」
The description of the business environment for the quarter no longer explicitly refers to deterioration caused by COVID-19, instead referring to high resource prices, overseas economic and price trends and the situation in Ukraine. - FY2023ReframedAnnual report
「During the fiscal year, economic activity in Japan continued to recover moderately as the effects of COVID-19 gradually subsided and restrictions on movement were eased. However, the outlook remained uncertain due to further surges in market prices following the outbreak of the Ukraine crisis.」
The company describes the gradual subsiding of the effects of COVID-19, the easing of movement restrictions and the recovery in economic activity, while citing higher market prices resulting from the Ukraine crisis as a factor contributing to uncertainty over the outlook. - FY2023-Q3ReframedAnnual report
「During the cumulative third quarter, economic activity in Japan was moving toward normalisation while the effects of COVID-19 continued, and the economy was expected to recover. However, the outlook remained uncertain due to downside risks to overseas economies amid global monetary tightening and other factors, as well as surging energy prices resulting from the prolonged Russian invasion of Ukraine.」
While the effects of COVID-19 continued, the description changed to express expectations for the normalisation of economic activity and an economic recovery. New sources of uncertainty cited included global monetary tightening, downside risks to overseas economies and surging energy prices. - FY2023-Q2WorsenedAnnual report
「During the cumulative second quarter, the Japanese economy continued to recover moderately as the effects of COVID-19 persisted, supported by the spread of vaccines and the effects of government economic measures. However, the outlook remained uncertain due to the renewed spread of infection risks from variants, further surges in market prices following the outbreak of the Ukraine crisis, the rapid depreciation of the yen and growing inflation concerns.」
The company describes the recovery in economic activity while adding renewed infection risks, the Ukraine crisis, the rapid depreciation of the yen and inflation concerns as factors contributing to uncertainty over the outlook. - FY2022Economic recovery alongside renewed infection risks and continued uncertaintyAnnual report
「During the fiscal year, the Japanese economy continued to recover moderately as the effects of COVID-19 persisted, supported by the spread of vaccines and the effects of government economic measures. However, the outlook remained uncertain due to the renewed spread of infection risks from variants and further surges in market prices following the outbreak of the Ukraine crisis.」
The company indicates a recovery supported by vaccine uptake and economic measures, while also citing the prolonged impact of COVID-19, renewed infection risks from variants and the Ukraine crisis as new sources of uncertainty. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter, the Japanese economy remained below pre-pandemic levels, but a recovery was expected as the impact of COVID-19 gradually eased with the spread of vaccines and other factors. Although economic activity was expected to recover as the impact of the infection subsided, the outlook remained uncertain.」
The company indicates that the impact of COVID-19 is easing and expresses expectations for an economic recovery, while maintaining the view that the outlook remains uncertain. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter, the Japanese economy remained below pre-pandemic levels, but a recovery was expected as the impact of COVID-19 gradually eased with progress in vaccinations and other factors. Although economic activity was expected to recover as the impact of the infection subsided, the outlook remained uncertain.」
The company indicates that the impact of COVID-19 is expected to ease with vaccinations and other measures and expresses expectations for an economic recovery, while maintaining the view that the outlook remains uncertain. - FY2022-Q1ReframedAnnual report
「During the cumulative first quarter, the Japanese economy remained below pre-pandemic levels, but a recovery was expected as the impact of COVID-19 gradually eased with progress in vaccinations and other factors. However, conditions remained uncertain going forward.」
The description changed to state that the economic environment remained below pre-pandemic levels while explicitly indicating expectations for a recovery as vaccinations progressed and other factors helped ease the impact of COVID-19. The view that the outlook remained uncertain was maintained. - FY2021Economic recovery alongside renewed infection risks and continued uncertaintyAnnual report
「During the fiscal year, Japan's economy generally recovered while measures were taken to prevent the spread of COVID-19, but it continued to face an uncertain outlook.」
The description of the economic environment changed from the gradual resumption seen through the previous quarter to one stating that the economy was recovering on an underlying basis, while maintaining the view that the outlook remained uncertain. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter, the Japanese economy saw economic activity resume gradually while measures were taken to prevent the spread of COVID-19, but conditions remained uncertain going forward.」
The company describes the gradual resumption of economic activity while stating that conditions remain uncertain going forward. - FY2021-Q2SoftenedAnnual report
「During the cumulative second quarter, the Japanese economy saw economic activity resume gradually while measures were taken to prevent the spread of COVID-19, but conditions remained uncertain going forward.」
The description changed from the previous quarter's statement that conditions had deteriorated rapidly and substantially and were extremely severe to one noting the gradual resumption of economic activity, while maintaining the view that the outlook remained uncertain. - FY2021-Q1First statedAnnual report
「During the cumulative first quarter, the Japanese economy deteriorated rapidly and substantially and was in an extremely severe situation as the global spread of COVID-19 led to restrictions on social and economic activity in Japan and overseas.」
The company explicitly identified, for the first time, the deterioration in economic conditions caused by the spread of COVID-19 and restrictions on social and economic activity as a business environment factor for the quarter.