Business Impact of the Spread of COVID-19
First written in FY2020. 7 of 13 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2025.
Takakita moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2025: 5 of 16 companies on the "Worse" side.
4 other companies' latest entry also says "Softened".
- FY2025SoftenedAnnual report
「If circumstances arise in which the Company's business activities are disrupted by a market downturn caused by the spread of livestock infectious diseases or other infections, disruptions in domestic and overseas supply chains, or the infection status of employees and business partners, this may affect its operating results and financial position.」
The description was generalized from specifically naming COVID-19 to addressing the impact of livestock infectious diseases and infectious diseases generally on markets and supply chains. - FY2024-Q3SoftenedAnnual report
「During the cumulative third quarter period, Japan's economy continued to recover gradually, with socioeconomic activity moving toward normalization following COVID-19's reclassification to Category 5 and improvements in employment and income conditions,」
With regard to COVID-19, the description shifted from emphasizing its direct impact on economic activity to describing the move toward normalization of socioeconomic activity following its reclassification to Category 5. - FY2023Signs of normalization; continued impactAnnual report
「During the fiscal year, Japan's economy followed a gradual recovery trend as the effects of various policies supported the normalization of socioeconomic activity while the impact of COVID-19 continued. However, the outlook remained uncertain due to downside risks to overseas economies, rising prices and supply-side constraints, among other factors.」
While socioeconomic activity moved toward normalization, uncertainty due to the impact of COVID-19, rising prices and supply constraints, among other factors, continued. - FY2023-Q2Overseas sales increased despite constraints on sales activitiesAnnual report
「Although restrictions on sales activities continued due to the impact of COVID-19, overseas sales increased as the use of online trade shows helped develop new markets and royalty income was received from a joint venture.」
Although constraints on sales activities due to COVID-19 continued, overseas net sales increased through the use of online trade shows and royalty income from a joint venture. - FY2023-Q1Easing of restrictions on activities; continued impactAnnual report
「During the cumulative first quarter period, Japan's economy showed signs of moving toward normalization of economic activity as restrictions on activities related to COVID-19 were eased. However, with concerns over restrictions on economic activity in China and the prolonged situation in Ukraine, the outlook for the economy remained uncertain due to rising raw-material prices, constraints on material procurement and volatility in financial and capital markets, among other factors.」
While the easing of restrictions on activities and signs of normalization in economic activity were described, uncertainty in the external environment, including the infection, continued due to restrictions on economic activity in China, the situation in Ukraine and constraints on material procurement. - FY2022MaterialisedAnnual report
「If circumstances arise in which the Company's business activities are disrupted by a market downturn caused by the spread of COVID-19 or other infectious diseases, disruptions in domestic and overseas supply chains, or the infection status of employees and business partners, this may affect its operating results and financial position.」
The impact of the infection continued to affect the business environment in the form of a market downturn, supply-chain disruptions and scaled-back sales activities, among other factors. - FY2022-Q3MaterialisedAnnual report
「During the cumulative first 3 quarters under review, the Japanese economy showed signs of recovery as the severe conditions caused by COVID-19 gradually eased. However, the outlook remained uncertain due to the impact of COVID-19, including variants, on domestic and overseas economies, supply-side constraints and the effects of soaring raw material prices.」
It was stated that the impact of COVID-19 continued in the form of its effect on domestic and overseas economies, supply-side constraints and scaled-back sales activities. - FY2022-Q2MaterialisedAnnual report
「During the cumulative second quarter period, Japan's economy remained in a difficult situation due to the impact of COVID-19. Although signs of a recovery were seen as measures to prevent the spread of the infection and promote vaccination were implemented, the outlook remained extremely uncertain due to the continuing impact of infection trends on domestic and overseas economies and the impact of higher material costs through supply chains, among other factors.」
The impact of COVID-19 continued in the form of difficult conditions in domestic and overseas economies and an uncertain outlook. - FY2022-Q1MaterialisedAnnual report
「During the cumulative first quarter period, Japan's economy remained in a difficult situation due to the impact of COVID-19. Although measures to prevent the spread of the infection and the promotion of vaccination are expected to support a recovery, the outlook remains extremely uncertain due to the impact of infection trends on domestic and overseas economies and volatility in financial and capital markets.」
The impact of COVID-19 continued into the first quarter, and the outlook for domestic and overseas economies was described as extremely uncertain. - FY2021MaterialisedAnnual report
「Although the spread of COVID-19, the resulting stagnation in consumption of domestically produced agricultural products and other factors reduced farmers’ willingness to invest in machinery, and reduced sales activities also had an impact, orders for feed-making equipment and other products declined during the cumulative second quarter」
Reduced willingness to invest in machinery and scaled-back sales activities due to the spread of the infection manifested themselves in lower orders during the fiscal year. - FY2021-Q2MaterialisedAnnual report
「For the cumulative second quarter of the fiscal year under review, net sales were ¥3,162 million, down 16.4% year on year; operating income was ¥154 million, down 59.5%; ordinary income was ¥170 million, down 57.2%; and quarterly net income was ¥110 million, down 56.4%.」
The impact of COVID-19 has manifested itself in stagnation of socioeconomic activity, reduced willingness to invest in machinery and scaled-back sales activities, resulting in lower net sales and profits for the first half. - FY2021-Q1MaterialisedAnnual report
「During the three months ended 30 June, Japan's economy deteriorated rapidly as the spread of COVID-19 led to the issuance of a state of emergency and stagnation in social and economic activity, and conditions remained extremely difficult. Although the level of economic activity has been raised gradually since the state of emergency was lifted, the situation remains tense and requires continued vigilance amid concerns about a second wave of COVID-19, leaving the economic outlook extremely uncertain.」
The spread of COVID-19 materialized as stagnation in economic activity and economic deterioration, with net sales for the quarter down 15.1% year on year and operating income down 55.6%. - FY2020First statedAnnual report
「The timing of the end of the COVID-19 pandemic remains uncertain, making it difficult at present to predict its impact on business activities. It may have a material impact on our financial position, operating results and cash flows from the following fiscal year onward.」
COVID-19 was disclosed for the first time as a standalone major risk. Although a decline in net sales due to voluntary suspension of sales activities and other measures occurred after the end of the fiscal year, it was stated that the amount of the impact was difficult to reasonably calculate.