Impact of the Spread of COVID-19 on the Business Environment
First written in FY2021-Q3. 6 of 15 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2026RestatedAnnual report
「If infectious diseases including COVID-19 occur and spread on a larger-than-expected scale, business operations may be affected by stagnant social production activity, shortages of raw material supplies, the cancellation of events such as trade shows and the closure of showrooms or restrictions on visitors in the housing equipment industry, and lower demand in the Japanese market.」
The impact of the renewed spread of infectious diseases, including COVID-19, on production, supply and sales activities continues to be identified as a risk. - FY2025RestatedAnnual report
「In connection with infectious diseases such as viruses, if infectious diseases including COVID-19 occur and spread on a larger-than-expected scale, business operations may be affected by stagnant social production activity, shortages of raw material supplies, and lower demand in the Japanese market.」
The renewed spread of infectious diseases, including COVID-19, continues to be identified as a business risk in the scenario. - FY2024MitigatedAnnual report
「During the consolidated fiscal year, Japan's economy saw continued recovery in domestic consumption, reflecting the normalization of socioeconomic activity following the COVID-19 pandemic.」
It states that socioeconomic activity has normalized following the COVID-19 pandemic and that domestic consumption has continued to recover. At the same time, it continues to identify the risk of infectious diseases spreading on a larger-than-expected scale. - FY2024-Q2RestatedAnnual report
「During the first 2 quarters of the current consolidated fiscal year, domestic consumption continued to recover as social and economic activity normalised following the COVID-19 pandemic.」
It states that the normalization of socioeconomic activity following the COVID-19 pandemic and the recovery trend in domestic consumption are continuing, reaffirming the trend toward mitigation of business-environment risks arising from infectious diseases. - FY2024-Q1MitigatedAnnual report
「During the first quarter of the current consolidated fiscal year, Japan’s economy entered a further phase of normalisation in social and economic activity, including the reclassification of COVID-19 as a Class 5 infectious disease, and domestic consumption began to recover.」
The company described the reclassification of COVID-19 as a Class 5 infectious disease, the normalisation of social and economic activity, and the recovery trend in consumption, indicating that business-environment risks from the infectious disease had eased further. - FY2023MitigatedAnnual report
「As restrictions related to COVID-19 are eased, a gradual economic recovery led by domestic demand is expected, including a recovery in inbound demand and services consumption.」
Although the impact of the infectious disease continued, the company indicated expectations for an economic recovery following the easing of restrictions on activity and described some improvement in the business environment compared with previously. It continued to identify the risk of a renewed spread of the infectious disease and other factors. - FY2023-Q3MitigatedAnnual report
「While the impact of COVID-19 continued for an extended period, restrictions on activity were eased and signs of a return to normal economic activity emerged, although」
While the impact of the infectious disease continued for an extended period, the company described the easing of restrictions on activity and progress toward normalisation of economic activity, indicating that the infectious disease-related business environment had eased in some respects compared with the previous quarter. - FY2023-Q2WorsenedAnnual report
「During the first 2 quarters of the current consolidated fiscal year, Japan’s economy remained uncertain due to an increase in infections during the 7th wave of COVID-19, rising raw material and energy prices resulting from the prolonged situation in Ukraine, and the rapid depreciation of the yen, among other factors.」
The impact of rising infections during the 7th wave became apparent, and economic uncertainty continued. The company also included standard language stating that there had been no material changes in business risks or accounting estimates. - FY2023-Q1MitigatedAnnual report
「During the first quarter of the current consolidated fiscal year, Japan’s economy showed signs of recovery as the easing of various restrictions on activity related to COVID-19 boosted personal consumption.」
The company stated that the easing of restrictions on activity related to COVID-19 boosted personal consumption and that the economy showed signs of recovery. - FY2022RestatedAnnual report
「During the current consolidated fiscal year, Japan’s economy remained subject to various impacts on social life and economic activity as the number of people infected with COVID-19 repeatedly rose and fell.」
The number of infections continued to fluctuate, and the impact on social life and economic activity, together with uncertainty about the outlook, persisted. - FY2022-Q3RestatedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, Japan’s economy remained uncertain. Vaccinations against COVID-19 progressed, and on 30 September 2021 the state of emergency and priority preventive measures were lifted in all prefectures, raising expectations for the resumption of social and economic activity, but concerns about a 6th wave of COVID-19 persisted.」
Expectations for the resumption of activity following progress in vaccinations and the lifting of states of emergency and other measures were noted, while concerns about a 6th wave persisted and the economic environment remained uncertain. - FY2022-Q2RestatedAnnual report
「During the first 2 quarters of the current consolidated fiscal year, Japan’s economy remained difficult due to a sharp increase in infections caused by the 5th wave of COVID-19 and other factors. Although personal consumption showed signs of recovery amid intermittent states of emergency, uncertainty about the economic outlook continued.」
The difficult economic conditions and uncertain outlook continued due to the 5th wave of the infectious disease, a sharp increase in infections and intermittent states of emergency. - FY2022-Q1WorsenedAnnual report
「As infections with variants of the virus continued to spread and the number of infected people increased, downside risks to the economy grew further, and the outlook remained uncertain.」
The company stated that downside risks to the economy increased further due to the spread of variants, rising infection numbers, priority preventive measures and a 3rd state of emergency. It also stated that there had been no material changes in the assumptions concerning the impact of the infectious disease used in accounting estimates. - FY2021MaterialisedAnnual report
「During the current consolidated fiscal year, Japan’s economy continued to recover moderately overall against a backdrop of improving employment and income conditions, but sentiment deteriorated rapidly due to the spread of COVID-19, corporate restraints on business activity in response, and the issuance of 2 states of emergency.」
The impact on the business environment continued due to the prolonged infectious disease, restraints on corporate activity and states of emergency. The company also described specific impacts on sales activities, including restrictions on trade shows and business travel and declining orders through manufacturer channels. - FY2021-Q3MaterialisedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, Japan’s economy remained difficult, with a mood of restraint persisting in many sectors, although some signs of recovery were seen.」
The company described the impact of the spread of the infectious disease on the business environment as contributing to difficult economic conditions amid a continuing mood of restraint.