Impact of the Spread of COVID-19 on Business Activities
First written in FY2020-Q3. 8 of 15 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024MitigatedAnnual report
「The economy entered a gradual recovery as restrictions on activities were lifted following the reclassification of COVID-19 as a Class 5 disease, and economic activity returned to normal.」
The lifting of restrictions and normalization of economic activity have eased the operating and travel constraints previously caused by the infectious disease. Sales activities targeting overseas customers have also resumed and been strengthened. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter consolidated period, Japan’s economy showed a gradual recovery as economic activity normalized following the lifting of restrictions on movement accompanying the reclassification of COVID-19 as a Category 5 infectious disease.」
We have reconfirmed our view that economic activity is returning to normal following the reclassification of COVID-19 as a Class 5 disease and the lifting of restrictions on activities. - FY2024-Q1MitigatedAnnual report
「During the cumulative first quarter consolidated period, Japan’s economy showed a gradual recovery as economic activity normalized following the lifting of restrictions on movement accompanying the reclassification of COVID-19 as a Category 5 infectious disease.」
The reclassification of COVID-19 as a Category 5 infectious disease and the lifting of restrictions on movement normalized economic activity and eased the impact on business activities of previous travel and movement restrictions. - FY2023-Q3MitigatedAnnual report
「Following the lifting of China’s zero-COVID policy in December 2022, many employees of Nagaoka Setsubi (Dalian) Co., Ltd. contracted COVID-19, temporarily reducing the operating rate. Operations subsequently recovered, and production has proceeded without causing delivery delays.」
The Dalian Factory temporarily experienced a decline in operations after employees contracted COVID-19 following the lifting of China’s zero-COVID policy, but operations subsequently recovered and production has proceeded without delivery delays. - FY2023-Q2MaterialisedAnnual report
「On the production side, following the lifting of China’s zero-COVID policy, many employees of Nagaoka Setsubi (Dalian) Co., Ltd. contracted COVID-19. As a result, operations declined significantly in December, affecting revenue recognized according to production progress.」
The Company stated that COVID-19 actually affected the Dalian subsidiary through many employees contracting the disease, resulting in a significant decline in operations in December and an impact on revenue. - FY2023-Q1RestatedAnnual report
「Regarding the impact of the spread of COVID-19, there have been no material changes to the assumptions concerning its impact described in the annual securities report for the previous consolidated fiscal year.」
The Company is reaffirming that there have been no material changes to the assumptions underlying the business impact of COVID-19. - FY2022RestatedAnnual report
「Restrictions on activities imposed in various countries in response to COVID-19 prevented the Company from conducting active sales activities locally, and difficult conditions continued.」
The Company is reaffirming that restrictions on overseas sales activities caused by COVID-19 and the difficult business environment continue. - FY2022-Q3RestatedAnnual report
「Regarding the impact of the spread of COVID-19, there have been no material changes to the assumptions concerning its impact described in the annual securities report for the previous consolidated fiscal year.」
The Company is reaffirming that there have been no material changes to the assumptions underlying the business impact of COVID-19. However, restrictions on overseas sales activities continue. - FY2022-Q2RestatedAnnual report
「Regarding the impact of the spread of COVID-19, there have been no material changes to the assumptions concerning its impact described in the annual securities report for the previous consolidated fiscal year.」
The Company is reaffirming that there have been no material changes to the assumptions underlying the business impact of COVID-19. - FY2022-Q1RestatedAnnual report
「Regarding the impact of the spread of COVID-19, there have been no material changes to the assumptions concerning its impact described in the annual securities report for the previous consolidated fiscal year.」
The Company is reaffirming that there have been no material changes to the assumptions underlying the business impact of COVID-19. The decline in willingness to invest in facilities and restrictions on overseas sales activities continue to be described. - FY2021-Q3RestatedAnnual report
「The business environment surrounding the Group has become difficult because of the decline in companies’ willingness to invest in facilities and restrictions on economic activity resulting from COVID-19.」
The Company is reaffirming that the business environment remains difficult as the decline in companies’ willingness to invest in facilities and restrictions on economic activity caused by COVID-19 continue. - FY2021-Q2RestatedAnnual report
「The business environment surrounding the Group has become difficult because of the decline in companies’ willingness to invest in facilities and restrictions on economic activity resulting from COVID-19.」
The Company is reaffirming that the business environment remains difficult as the decline in companies’ willingness to invest in facilities and restrictions on economic activity caused by COVID-19 continue. - FY2021-Q1WorsenedAnnual report
「The business environment surrounding the Company has become difficult because of the decline in companies’ willingness to invest in facilities and restrictions on economic activity resulting from COVID-19. Overseas, the inability to travel to local markets and conduct sales activities has continued, as has the inability to develop new projects.」
The decline in companies’ willingness to invest in facilities and restrictions on economic activity caused by COVID-19 have continued to affect the business, resulting in the inability to conduct overseas sales activities and declines in water-related business revenue accompanied by larger losses. - FY2020WorsenedAnnual report
「The global spread of COVID-19 has slowed the global economy, and a decline in capital investment is becoming apparent. The Company believes that capital investment trends may be significantly affected going forward by the extent to which infections spread or subside around the world.」
The potential impact described as of the third quarter has materialized in the form of a slowing global economy and declining capital investment, with concrete effects on operations including delays in starting the Vietnamese factory and a temporary suspension of operations at the Dalian Factory. - FY2020-Q3MaterialisedAnnual report
「The impact of the spread of COVID-19 was limited during the cumulative third quarter consolidated period, but depending on how the situation develops, it may affect the Group’s business activities going forward.」
The Company identifies the spread of COVID-19 as a new business risk. Although its impact during the cumulative period was limited, it indicates the possibility of an impact on business activities going forward.