Risk of COVID-19 impact on business performance
First written in FY2020-Q2. 4 of 13 entries say "Worsened", first in FY2020-Q3. Latest entry: FY2023.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2023SoftenedAnnual report
「The impact of COVID-19 is becoming minor, but if a new infectious disease affects the activities of client companies or technical employees become unable to perform their duties, this could affect business performance and the financial position.」
The description of COVID-19 has been softened from the previous emphasis on uncertainty and downside risk to the statement that its impact is becoming minor. However, the risk of an outbreak of a new infectious disease remains. - FY2023-Q3RestatedAnnual report
「There have been no material changes to the assumptions regarding the impact of the spread of COVID-19 described in the notes to the securities report for the previous fiscal year.」
The company continues to explain that there have been no material changes to the previous fiscal year's assumptions regarding the impact of the spread of COVID-19. - FY2023-Q2RestatedAnnual report
「There have been no material changes to the assumptions regarding the impact of the spread of COVID-19 described in the notes to the securities report for the previous fiscal year.」
The filing states that there have been no material changes to the previous fiscal year's assumptions regarding the impact of the spread of COVID-19. - FY2022Recovery trend assumed, with no major decline expectedAnnual report
「The company assumes that the impact of COVID-19 is gradually moving toward recovery, but if further infections affect the activities of client companies or technical employees become unable to perform their duties, this could affect the business performance and financial position of the Group.」
While assuming that the impact of the infectious disease is gradually moving toward recovery, the company continues to identify the risk of an impact on business performance if client activities are affected or technical employees become unable to work. - FY2022-Q3Monitoring the renewed spread of infectionsAnnual report
「In light of the renewed spread of COVID-19 and other developments since July, it is also necessary to continue monitoring infection trends closely.」
While infection-control measures and the normalization of economic and social activity are progressing, the renewed spread of infections since July is explicitly identified as a new factor requiring close monitoring. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter under review, uncertainty is expected to continue in the global economy amid the prolonged impact of COVID-19, supply-chain risks including the global semiconductor shortage and sharp increases in energy and resource prices, geopolitical risks such as the situation in Ukraine, and growing concerns over inflation. Developments must continue to be monitored closely.」
The company continues to recognize that the impact of COVID-19 is prolonged and will continue to monitor its effects closely. - FY2022-Q1WorsenedAnnual report
「Meanwhile, the spread of COVID-19 variants has made it impossible to foresee when the situation will be brought under control, and uncertainty continues. Looking ahead, it is necessary to pay close attention to downside risks from the impact of COVID-19, supply constraints, and trends in raw material prices. The impact of fluctuations in financial and capital markets must also be monitored closely.」
As the spread of variants continues to make the timing of containment unforeseeable, supply constraints, raw material prices, and financial and capital market fluctuations are newly identified as downside factors. - FY2021Impact of lower billable hours and prospects for recoveryAnnual report
「Regarding the future impact of COVID-19, the company expects some impact from lower billable hours in the first half, but anticipates a gradual recovery from the second half onward.」
While anticipating an impact from lower billable hours due to the infectious disease, the company expects a gradual recovery from the second half onward. - FY2021-Q3Expectations for a domestic recovery and renewed spread of infections in some regionsAnnual report
「Although Japan's economy remains in a difficult situation because of the impact of COVID-19, signs of a recovery continue. Looking ahead, a continued recovery is expected as measures to prevent the spread of infection are implemented, vaccinations progress, various policies take effect, and overseas economies improve. However, infections are showing signs of spreading again in some regions, and it is necessary to pay close attention to the impact of infection trends on the economy.」
While indicating signs of a recovery in the domestic economy and expectations for a recovery driven by vaccinations and the effects of government policies, the filing explains that infections are spreading again in some regions and that their impact on the economy will continue to require attention. - FY2021-Q2WorsenedAnnual report
「Japan's economy remains in a difficult situation because of the impact of COVID-19, including the reissuance of a state of emergency. Looking ahead, it is necessary to pay close attention to the increasing downside risk resulting from the spread of infections in Japan and overseas.」
The filing states that a state of emergency was reissued in Japan and that downside risk from the spread of infections in Japan and overseas is increasing. - FY2021-Q1WorsenedAnnual report
「Looking ahead, it is necessary to pay close attention to the increasing downside risk resulting from the spread of infections in Japan and overseas.」
While expectations for a recovery driven by vaccines are indicated, the filing states that downside risk from the spread of infections in Japan and overseas is increasing. - FY2020-Q3WorsenedAnnual report
「Although the government's state of emergency has been lifted, considerable uncertainty surrounding the impact of COVID-19, which continues to spread worldwide, remains. As it may affect future business performance, the company will continue to monitor developments closely.」
The filing states that considerable uncertainty surrounding COVID-19 and the possibility of an impact on future business performance continue even after the state of emergency was lifted. - FY2020-Q2First statedAnnual report
「The impact of COVID-19, which is spreading worldwide, was minor during the six-month period ended in the second quarter, but considerable uncertainty remains regarding the outlook and the situation remains unpredictable. As it may affect business performance going forward, the company will continue to monitor developments closely.」
Regarding COVID-19, the filing states that its impact on the six-month period ended in the second quarter was minor, while newly describing the possibility of an impact on future business performance and the considerable uncertainty involved.