Impact of the Spread of COVID-19 on the Business Environment and Operating Performance
First written in FY2020. 6 of 15 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2025: 5 of 18 companies on the "Worse" side.
17 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「In light of the experience of COVID-19, we are working to establish a structure that enables us to fulfill our corporate social responsibility by thoroughly implementing measures that prioritize employee safety and health, including working from home, office decentralization and staggered working hours, and by promoting the diversification of product supply risks through global production across multiple regions in Japan, China, Taiwan, Vietnam and Italy.」
The focus has shifted from the direct impact of the pandemic itself to supply risk diversification through measures such as working from home and production across multiple regions in Japan, China, Taiwan, Vietnam and Italy, based on the experience gained. - FY2024-Q3MitigatedAnnual report
「COVID-19 was reclassified to Category 5, and restrictions on economic and social activities were lifted.」
The reclassification of COVID-19 to Category 5 and the lifting of restrictions on economic and social activities were explicitly stated, indicating that constraints on the operating environment caused by the disease itself have eased further. - FY2024-Q2MitigatedAnnual report
「There have been no material changes to the assumptions concerning the impact of COVID-19 described under (Additional Information) in the annual securities report for the previous consolidated fiscal year.」
There have been no material changes in the accounting assumptions concerning the impact of COVID-19, and the main risks continue to lie in the external environment in the post-COVID period. - FY2024-Q1MitigatedAnnual report
「Although preparations for the post-COVID period are progressing in Japan and overseas, we expect the economic outlook to remain uncertain for a certain period due to soaring energy and raw material prices resulting from the worsening situation in Ukraine and consumers refraining from purchases following price increases for food and other everyday necessities. We are concerned about the significant impact on the Japanese and global economies.」
Preparations for the post-COVID period are progressing in Japan and overseas, and the focus of concern has shifted from the direct impact of COVID-19 itself to the situation in Ukraine, rising prices and consumers refraining from purchases. - FY2023MitigatedAnnual report
「As the impact of COVID-19 has eased and no material impact has been observed, we assume that it will also have no material impact on accounting estimates.」
The company’s view has shifted to one that the impact of the pandemic has eased and will not materially affect accounting estimates. However, it states that material changes in infection conditions or other factors could affect them. - FY2023-Q3RestatedAnnual report
「During the nine months ended the third quarter of the current fiscal year, the Japanese economy showed signs of a moderate recovery as the impact of COVID-19 eased somewhat, supported by increased capital investment and improvements in employment and income conditions.」
Although the company indicated that the impact of the pandemic had eased somewhat, it disclosed that there had been no material changes in the assumptions used for accounting estimates in the previous fiscal year, including those related to COVID-19. - FY2023-Q2Economic recovery from pandemic measures alongside limited impactAnnual report
「During the cumulative second quarter under review, the Japanese economy showed some signs of recovery due to various measures against COVID-19, but factors including global monetary tightening and rising prices resulting from sharp exchange-rate fluctuations had a significant impact on domestic production and imports and exports, leaving the economic outlook in an extremely challenging environment.」
Although measures to address the pandemic have led to a modest economic recovery, its impact is currently considered limited, while the external environment is being affected by monetary tightening and rising prices. - FY2022-Q3RestatedAnnual report
「As noted above, economic sentiment had shown some signs of recovery, with new infections declining as measures such as vaccinations progressed and the state of emergency being lifted in October. However, concern about the spread of a new variant is increasing, and we continue to expect the overall situation to remain difficult to bring under control for a certain period.」
Although vaccinations and the lifting of the state of emergency have supported an improvement, the company continues to recognize that the overall pandemic will remain difficult to bring under control for a certain period due to the emergence of new variants. - FY2022-Q2RestatedAnnual report
「Although measures such as vaccinations have progressed to address COVID-19, the overall situation remains difficult to forecast as the spread of COVID-19 continues in some regions due to the expansion of variants and delays in vaccinations. We expect this situation to continue for a certain period.」
Although vaccinations have progressed, infections continue to spread due to variants and delays in vaccinations, and the company continues to expect that the pandemic will remain difficult to bring under control for a certain period. - FY2022-Q1RestatedAnnual report
「The global spread of COVID-19 appeared likely to subside with the start of vaccinations, but cases of variants have since increased sharply and there are still no signs of the pandemic subsiding. We expect these conditions to continue for at least a certain period and are concerned about the significant impact on the Japanese and global economies.」
The company maintains its view that, despite the absence of signs that the pandemic is subsiding due to the spread of variants even after vaccinations began, the impact of the pandemic on the operating environment and business performance will continue for a certain period. - FY2021WorsenedAnnual report
「The global spread of COVID-19 appeared likely to subside with the start of vaccinations, but cases of variants have since increased sharply and there are still no signs of the pandemic subsiding. We expect these conditions to continue for at least a certain period and are concerned about the significant impact on the Japanese and global economies.」
The continued absence of signs that the pandemic is subsiding, due to the rapid spread of variants even after vaccinations began, indicates that concerns about a prolonged infectious disease risk remain. - FY2021-Q3RestatedAnnual report
「Regarding the environment surrounding the Group amid the global spread of COVID-19, we expect these conditions to continue at least through the end of the current fiscal year as activities in various areas remain voluntarily restricted, and are concerned about the significant impact on the Japanese and global economies.」
The company continues to expect the impact of the pandemic on the operating environment to continue at least through the end of the current fiscal year. - FY2021-Q2RestatedAnnual report
「Regarding the environment surrounding the Group amid the global spread of COVID-19, we expect these conditions to continue at least through the end of the current fiscal year as activities in various areas remain voluntarily restricted, and are concerned about the significant impact on the Japanese and global economies.」
The company continues to expect the impact of the pandemic on the operating environment to continue at least through the end of the current fiscal year. - FY2021-Q1MaterialisedAnnual report
「Regarding the environment surrounding the Group amid the spread of COVID-19, we expect these conditions to continue at least through the end of the current fiscal year as activities in various areas remain voluntarily restricted, and are concerned about the significant impact on the Japanese and global economies.」
Infectious disease risk has materialized in the actual impact on demand and performance in each region, including restrictions on business activities under the state of emergency, lockdowns in North America and a sharp decline in orders in Southeast Asia. The impact is expected to continue at least through the end of the current fiscal year. - FY2020First statedAnnual report
「Regarding the operating environment surrounding the Group amid the spread of COVID-19, we expect these conditions to continue for the next year as activities in various areas remain voluntarily restricted, and are concerned about the significant impact on the Japanese and global economies.」
The global spread of COVID-19 was disclosed independently for the first time as a business environment and performance risk that could continue for the next year. The company stated that an objective estimate of the amount of the impact was difficult as of the filing date.