Business and Performance Impact of COVID-19
First written in FY2020. 5 of 12 entries say "Restated". Latest entry: FY2025-Q1.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2025-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no occurrences of matters that could have a material impact on investors' decisions among the matters concerning the business and accounting conditions described in the quarterly securities report, nor were there any material changes to the section on "Business and Other Risks" in the securities report for the previous fiscal year.」
The Company reconfirmed that there were no material changes to business and other risks, including those related to COVID-19. - FY2024MitigatedAnnual report
「The global environment surrounding the Company during the current consolidated fiscal year could be described as having been a year in which headwinds turned into tailwinds, with the revival of international business exchanges following the end of COVID-19, the resolution of the global semiconductor shortage, and a stronger US dollar and weaker yen.」
Regarding COVID-19, the Company described the end of the pandemic and the revival of international business exchanges, indicating that the impact on its business and performance had eased. - FY2024-Q3RestatedAnnual report
「During the nine-month period ended 31 December, there were no occurrences of matters that could have a material impact on investors' decisions among the matters concerning the business and accounting conditions described in the quarterly securities report, nor were there any material changes to the section on "Business and Other Risks" in the securities report for the previous fiscal year.」
The Company reconfirmed that there were no material changes to business and other risks, including those related to COVID-19. - FY2023-Q3RestatedAnnual report
「During the nine-month period ended 31 December, there were no occurrences of matters that could have a material impact on investors' decisions among the matters concerning the business and accounting conditions described in the quarterly securities report, nor were there any material changes to the section on "Business and Other Risks" in the securities report for the previous fiscal year.」
The Company stated that there were no material changes to business and other risks, including those related to COVID-19. - FY2022-Q3RestatedAnnual report
「During the nine-month period ended 31 December, there were no occurrences of matters that could have a material impact on investors' decisions among the matters concerning the business and accounting conditions described in the quarterly securities report, nor were there any material changes to the section on "Business and Other Risks" in the securities report for the previous fiscal year.」
The Company stated that there were no material changes to business and other risks, including those related to COVID-19. - FY2022-Q2WorsenedAnnual report
「During the six-month period ended 30 September, Japan's economy remained challenging in some industries as public- and private-sector restrictions were strengthened again, causing economic activity that had begun to recover to deteriorate once more due to the fifth wave of COVID-19.」
The Company stated that the fifth wave of COVID-19 led to renewed strengthening of public- and private-sector restrictions on economic activity that had begun to recover, leaving conditions difficult in some industries. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no occurrences of matters that could have a material impact on investors' decisions among the matters concerning the business and accounting conditions described in the quarterly securities report, nor were there any material changes to the section on "Business and Other Risks" in the securities report for the previous fiscal year.」
The Company stated that there were no material changes to business and other risks relating to the impact of COVID-19 or related business risks. - FY2021WorsenedAnnual report
「As a result, sales for the fiscal year decreased year on year across all product categories due to the above market environment, totaling ¥5,294 million, down 21.8% from the previous fiscal year.」
The Company stated that the impact of COVID-19 was reflected in performance as declines in sales across all product categories for the full year, a 21.8% decrease in sales, and a 40.4% decrease in operating profit. - FY2021-Q3WorsenedAnnual report
「Although Japan's economy had yet to show a full-scale resumption of economic activity due to the spread of the third wave of COVID-19, measures to live with COVID-19 were becoming more widespread and signs of a gradual recovery in economic activity were emerging.」
Although economic activity began to recover in some areas, the spread of the third wave of COVID-19 meant that a full-scale resumption of domestic economic activity remained out of sight. The impact of the infection continued to be reflected in performance, with sales down 23.5% year on year and operating profit down 48.9%. - FY2021-Q2WorsenedAnnual report
「Although the state of emergency had been lifted and some areas had begun to prioritise economic activity, economic activity had gradually started to pick up compared with the first quarter. However, signs of a second and third wave of COVID-19 were evident, there was still no indication that the situation would end, and restrictions on overseas travel remained in place except in some areas, so business activity continued to be significantly affected.」
Although economic activity began to recover in some areas, signs of a second and third wave, restrictions on overseas travel, and declines in corporate earnings and capital investment across all regions continued. Sales fell 36.1% year on year and operating profit fell 62.4%, showing the continuing impact of the infection on performance. - FY2021-Q1MaterialisedAnnual report
「As COVID-19 spread worldwide, economic activity deteriorated rapidly under the state of emergency declared in April, and an extremely difficult situation continued.」
The deterioration in economic activity caused by COVID-19 has had a tangible impact on performance, including production stoppages and the freezing or postponement of customers' capital investment plans, as well as a 32.8% year-on-year decline in sales. - FY2020First statedAnnual report
「Business activity has remained stagnant due to the impact of COVID-19, and it is necessary to remain attentive to its economic impact. In addition, the spread of COVID-19 may affect the performance of the Company Group, and we will continue to closely monitor developments.」
The Company explicitly identified, for the first time separately from existing international situation risks, the stagnation of business activity caused by COVID-19 and the potential impact on performance. It also referred to the possibility of a second and third wave, and stated that production adjustments had begun to emerge in some manufacturing industries as of the period-end.