Demand, Business Environment and Operating Risks Arising from the Spread of COVID-19
First written in FY2021-Q1. 6 of 13 entries say "Restated". Latest entry: FY2025-H1.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2025-H1DroppedAnnual report
「During the interim consolidated accounting period (1 April 2024 to 30 September 2024), Japan's economy recovered moderately due to the effects of various policies as employment and income conditions improved. However, in some areas, the recovery stagnated due to persistently high raw material prices.」
In the discussion of the domestic and overseas economies and business performance in this interim report, COVID-19 is no longer identified as a business-environment factor, with the focus having shifted to the economic recovery and raw material prices, among other factors. - FY2024-Q1MitigatedAnnual report
「Economic activity is moving toward normalization as restrictions on behavior related to COVID-19 have been eased and COVID-19 has been reclassified as a Category V disease under the Infectious Diseases Control Law.」
It was explained that economic activity is moving toward normalization as restrictions on behavior were eased and COVID-19 was reclassified under the Infectious Diseases Control Law, indicating that business environment risks associated with COVID-19 had eased in part. - FY2023RestatedAnnual report
「During the current consolidated fiscal year, Japan's economy was gradually recovering under the "with COVID-19" environment. However, higher raw material and energy prices pushed up inflation, significantly affecting corporate results and households.」
The business environment continues to be described as one in which normalization of economic activity under the "with COVID-19" environment coexists with the impact of soaring raw material and energy prices. - FY2023-Q3RestatedAnnual report
「During the first 3 quarters of the current consolidated fiscal year (1 April 2022 to 31 December 2022), Japan's economy was gradually recovering under the "with COVID-19" environment. However, inflation continued unabated against a backdrop of soaring global resource prices and the prolonged depreciation of the yen, significantly affecting corporate results and households.」
Although domestic economic recovery under the "with COVID-19" environment was indicated, the effects of inflation, soaring resource prices, and the yen's depreciation remained, and business environment risks associated with COVID-19 continued. - FY2023-Q2RestatedAnnual report
「During the second quarter of the current consolidated fiscal year (1 April 2022 to 30 September 2022), Japan's economy was moving toward normalization of economic and social activity as restrictions related to COVID-19 were eased, while ongoing shortages of raw materials, including semiconductors, and soaring prices were factors weighing on the economy.」
In Japan, restrictions related to COVID-19 were eased and economic and social activity was moving toward normalization, while business environment risks associated with COVID-19 continued, including raw material shortages and soaring prices and lockdowns across China. - FY2023-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year (1 April 2022 to 30 June 2022), Japan's economy was moving toward normalization of economic and social activity as restrictions related to COVID-19 were eased, while ongoing shortages of raw materials, including semiconductors, and soaring prices were factors weighing on the economy.」
In Japan, restrictions related to COVID-19 were eased and economic and social activity was moving toward normalization, while lockdowns overseas and other measures were also reported, indicating that business environment risks associated with COVID-19 continued. - FY2022-Q3RestatedAnnual report
「In the global economy, economic recovery accelerated as vaccination rates increased, particularly in developed countries. However, the outlook remained uncertain as container shortages disrupted international logistics and reduced factory operations due to COVID-19 affected supply chains.」
Although economic recovery was under way due to vaccinations and other factors, reduced factory operations due to infections and the impact on supply chains remained, indicating continuing uncertainty in the business environment associated with COVID-19. - FY2022-Q2RestatedAnnual report
「During the second quarter of the current consolidated fiscal year, Japan's economy moved toward normalization of economic and social activity as restrictions related to COVID-19 were eased, and the number of new infections trended downward from September as vaccination became more widespread. However, concerns arose about the impact of the global semiconductor shortage and soaring material prices. In the global economy, economic recovery accelerated as vaccination rates increased, particularly in developed countries, but the outlook remained uncertain due to the impact of the spread of COVID-19 in emerging economies on supply chains and disruptions to international logistics caused by container shortages.」
Although the number of new infections in Japan trended downward from September, the spread of infections in emerging economies and their impact on supply chains and international logistics remained, and uncertainty in the business environment associated with COVID-19 continues. - FY2022-Q1WorsenedAnnual report
「During the first quarter of the current consolidated fiscal year (1 April 2021 to 30 June 2021), concerns arose about the impact on economic activity of the third declaration of a state of emergency due to the resurgence of COVID-19 and the application of priority preventive measures. In the global economy, the United States, China and other countries accelerated their economic recoveries as vaccination rates increased, but the spread of COVID-19 remained unchecked in emerging economies and elsewhere, leaving the outlook uncertain.」
In Japan, a third state of emergency and other measures were declared in response to the resurgence of COVID-19, while infections continued to spread in emerging economies, among other developments. The risk from COVID-19 and uncertainty about the outlook continued and increased. - FY2021WorsenedAnnual report
「Within the Group, sales declined in Japan and overseas due to sluggish orders for products, and production activities were affected by adjustments to factory operations. Many uncertainties remain regarding the impact of COVID-19, and changes in its impact on the future economic environment could affect the Group's results from the following fiscal year onward.」
The impact of COVID-19 continued throughout the fiscal year, with net sales down 21.2% year on year and operating profit down 53.2%. The stagnation of new construction projects, adjustments to factory operations, and delays in overseas shipments were reflected in results. - FY2021-Q3WorsenedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, Japan's economy showed signs of recovery due to the effects of various government support programs and a recovery in exports while COVID-19 continued to affect the economy. However, the impact on economic activity from the resurgence of infections was a concern. In the global economy, economic activity resumed quickly in China, but the spread of infections remained unchecked in other countries, leaving the outlook uncertain.」
The resurgence of infections and continued global spread of COVID-19 deepened uncertainty in the business environment. Net sales for the first 3 quarters decreased 25.4% year on year, and operating profit decreased 60.2%. - FY2021-Q2WorsenedAnnual report
「During the second quarter of the current consolidated fiscal year, Japan's economy stagnated as the impact of COVID-19 led to requests to refrain from going out and restrictions on movement under the state of emergency. After the state of emergency was lifted, some signs of recovery emerged in domestic demand, but conditions remained far from the previous economic situation. In the global economy, economic activity resumed quickly in China, and some restrictions began to be eased in other countries as the spread of infections slowed. However, uncertainty about the outlook remained unresolved.」
The impact of COVID-19 continued, with consolidated net sales down 27.4% year on year and ordinary profit down 69.9%. Both the construction machinery and industrial machinery businesses reported lower sales and profit, quantifying the business environment risk. - FY2021-Q1First statedAnnual report
「During the first quarter of the current consolidated fiscal year, Japan's economy was significantly affected by government declarations of a state of emergency to prevent the spread of COVID-19, which imposed requests to refrain from non-essential and non-urgent outings and restrictions on movement, among other measures. Corporate activity was also significantly affected, and investment sentiment contracted sharply. In the global economy, economic activity resumed quickly in China, and some restrictions began to be eased in other countries as the spread of infections slowed. However, infections continued to increase in the United States, and uncertainty about the outlook remained unresolved.」
The spread of COVID-19 actually caused corporate activity in Japan and overseas, investment sentiment, and orders and shipments of construction and industrial machinery to deteriorate. Consolidated net sales decreased 18.0% year on year, and ordinary profit decreased 56.2%.