Business Activity and Performance Risks Arising from COVID-19
First written in FY2020. 5 of 16 entries say "Mitigated", first in FY2023-Q1. Latest entry: FY2025.
Kimura Chemical Plants 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: 7 of 24 companies on the "Worse" side.
11 other companies' latest entry also says "Reframed".
- FY2025ReframedAnnual report
「In response to the pandemic, the Group has established an infectious disease control headquarters in accordance with its internal regulations and response manual, and has put in place a system to minimize the impact on business continuity by implementing preventive measures that prioritize the safety and health of employees and their families, including working from home, changing commuting hours and strict visitor management.」
The risk disclosure has been revised from referring specifically to COVID-19 to covering infectious diseases more broadly. - FY2024-Q3MitigatedAnnual report
「During the first nine months of the fiscal year, the Japanese economy showed signs of a gradual recovery, aided by the effects of various policies, as social and economic activity continued to normalize further from the COVID-19 pandemic.」
It states that social and economic activity has normalized further from the COVID-19 pandemic, and that the impact of the pandemic on the business environment has eased from the previous fiscal year. - FY2024-Q2RestatedAnnual report
「During the first six months of the fiscal year, the Japanese economy remained on a gradual recovery track as social and economic activity normalized following the reclassification of COVID-19 from Class 2 to Class 5 under the Infectious Diseases Control Law, aided by the effects of various policies.」
It reconfirms the normalization of social and economic activity following the reclassification of COVID-19 as a Class 5 disease and the gradual recovery of the economy. - FY2024-Q1MitigatedAnnual report
「During the first three months of the fiscal year, the Japanese economy continued its gradual recovery as social and economic activity normalized following the reclassification of COVID-19 as a Class 5 disease under the Infectious Diseases Control Law. However, the outlook remained uncertain due to concerns over the impact of the protracted situation in Ukraine and a slowdown in overseas economies against the backdrop of global monetary tightening and other factors.」
It states that social and economic activity has normalized following the reclassification of COVID-19 as a Class 5 disease and other developments, and that the impact of the pandemic on the business environment has eased from the previous fiscal year. However, uncertainty remains due to the situation in Ukraine and concerns over a slowdown in overseas economies. - FY2023MitigatedAnnual report
「Although the effects of COVID-19 continued, social and economic activity gradually normalized due to the effects of various policies and the easing of restrictions on activities, and the economy remained on a gradual recovery track.」
Although the effects of the pandemic remain, social and economic activity has normalized due to the easing of restrictions on activities and other measures, and the previous deterioration in the business environment has eased in part. - FY2023-Q3MitigatedAnnual report
「During the third quarter of the current consolidated cumulative period, social and economic activity gradually moved toward normalization as restrictions were eased despite the continuing impact of COVID-19. However, the outlook remained uncertain due to risks of a downturn in overseas economies against a backdrop of soaring resource prices caused by the prolonged situation in Ukraine and global monetary tightening.」
It states that, although the effects of COVID-19 remain, the easing of restrictions on activities and other measures have gradually normalized social and economic activity, and that the deterioration in the business environment caused by the pandemic has eased in part from the previous quarter. - FY2023-Q2Uncertainty continued during the seventh wave, alongside easing restrictions and progress toward normalizationAnnual report
「While COVID-19 continued to affect conditions, there were periods when social and economic activity showed signs of moving toward normalization due to the effects of various policies and the easing of restrictions, but the number of infections in Japan rose sharply during the seventh wave」
While the easing of restrictions led to signs of progress toward the normalization of social and economic activity, uncertainty continued as infections rose sharply during the seventh wave. - FY2023-Q1MitigatedAnnual report
「During the first quarter of the current consolidated cumulative period, the severe economic conditions caused by COVID-19 eased and economic and social activity moved toward normalization, with signs of recovery. However, the outlook for the economy remained uncertain due to the impact of rising resource prices and supply constraints associated with escalating tensions over Ukraine.」
The severe economic conditions caused by COVID-19 eased and economic and social activity moved toward normalization. However, uncertainty about the outlook remained due to the situation in Ukraine, rising resource prices and supply constraints. - FY2022-Q3Uncertainty continued due to the Omicron variant even after the state of emergency was liftedAnnual report
「During the third quarter of the current consolidated cumulative period, the Japanese economy showed signs of recovery, supported by the lifting of the state of emergency and other measures implemented to prevent the spread of COVID-19 and by the effects of various policies. However, the outlook remained uncertain due to the impact of developments concerning the new Omicron variant on the global economy.」
While recovery was seen following the lifting of the state of emergency and other measures and the effects of various policies, the outlook remained uncertain due to the impact of the new Omicron variant. - FY2022-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period, the impact of COVID-19 on social and economic activity continued for an extended period. Although some recovery was seen, supported by the effects of various policies and an improvement in overseas economies, states of emergency and similar measures were issued intermittently, and uncertainty continued, with no clear prospect of when the disease would subside.」
While the impact of the disease on social and economic activity continued, states of emergency were issued intermittently and uncertainty over when it would subside persisted. The company also described some recovery supported by policy effects and an improvement in overseas economies. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, restrictions on social and economic activity continued for an extended period due to the resurgence of COVID-19, and conditions remained severe. Although recovery continued, supported by the effects of various policies as vaccination was promoted, uncertainty about the outlook persisted because of the impact of developments in the disease on Japan and overseas.」
While restrictions on social and economic activity and uncertainty about the outlook continued due to the resurgence of the disease, the company also described signs of recovery supported by vaccinations and policy effects. - FY2021WorsenedAnnual report
「The situation remained severe in the second half of the fiscal year, as the disease spread again in Japan and overseas and there was no clear prospect of when it would subside.」
Although signs of recovery emerged after social and economic activity resumed, the risk from infectious diseases continued and intensified because of renewed spread in Japan and overseas during the second half of the fiscal year and uncertainty over when it would subside. - FY2021-Q3WorsenedAnnual report
「During the third quarter of the current consolidated cumulative period, the Japanese economy was in an extremely severe situation due to the spread of COVID-19. After the government lifted the state of emergency, the economy showed some signs of recovery, partly due to the effects of various policies. However, the disease began spreading nationwide again from November, and the situation remained unpredictable.」
Although some recovery was seen after the spread of the disease, nationwide resurgence from November again heightened uncertainty in the business environment. - FY2021-Q2WorsenedAnnual report
「During the second quarter of the current consolidated cumulative period, the Japanese economy deteriorated rapidly and contracted sharply under the impact of the spread of COVID-19. After the government lifted the state of emergency, social and economic activity gradually resumed while measures were taken to prevent further spread. Although the economy was beginning to recover, the outlook remained uncertain.」
While social and economic activity gradually resumed and the economy began to recover, the rapid deterioration caused by the spread of the disease and uncertainty about the outlook continued. - FY2021-Q1WorsenedAnnual report
「During the first quarter of the current consolidated cumulative period, the Japanese economy deteriorated rapidly under the impact of the spread of COVID-19 and was in an extremely severe situation. Close attention is also required to developments in the disease in Japan and overseas and fluctuations in financial and capital markets, and uncertainty about the outlook is increasing.」
While stating that there had been no significant changes to business and other risks, the company said that the spread of COVID-19 had led to a rapid economic deterioration and increased uncertainty about the outlook. Because it did not state that employees or business activities had been restricted, this is recorded as a worsening environment rather than a risk materialization. - FY2020First statedAnnual report
「In response to infectious diseases, including COVID-19, the Group established an infectious disease response headquarters under its internal rules and response manual. To prioritize the safety and health of employees and their families, it implemented preventive measures including working from home, a ban on business travel, changes to commuting hours, handwashing and mask-wearing, social distancing in the workplace, strict visitor management and cooperation with business partners on infection prevention, and the cancellation of in-person meetings. These measures are intended to minimize the impact on business continuity. However, if infectious diseases, including among Group employees, spread and restrict business activities, the Group's operating results and financial condition may be affected.」
The Group disclosed the spread of infectious diseases, including COVID-19, as a new risk that could restrict employees and business activities and affect operating results and financial condition.