Impact of COVID-19 on Business Activities and Performance
First written in FY2020. 4 of 14 entries say "Restated". Latest entry: FY2024-Q3.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year, economic conditions showed signs of a gradual recovery as normalization progressed following the easing of activity restrictions related to COVID-19. However, uncertainty persisted due to risks of an economic slowdown arising from new geopolitical risks and the continued implementation of global monetary tightening policies.」
The company continues to describe a situation in which economic activity is normalizing and gradually recovering following the lifting of restrictions related to COVID-19. - FY2024-Q2MitigatedAnnual report
「During the cumulative second quarter of the fiscal year, economic conditions showed signs of a gradual recovery as normalization progressed following the easing of activity restrictions related to COVID-19. However, uncertainty persisted due to risks of an economic slowdown arising from the continuation of global monetary tightening and inflation.」
Economic and social activity is moving toward normalization following the lifting of restrictions related to COVID-19, and the business environment affected by the pandemic is continuing to improve. However, the risk of an economic slowdown remains. - FY2023MitigatedAnnual report
「During the current consolidated fiscal year, normalization progressed following the lifting of restrictions related to COVID-19, resulting in a gradual recovery trend.」
Normalization progressed following the lifting of restrictions related to COVID-19, and the business environment improved from the conditions affected by the pandemic through the previous period. The impact of China's zero-COVID policy was also noted. - FY2023-Q3RestatedAnnual report
「During the first nine months of the current consolidated fiscal year, normalization progressed following the lifting of restrictions related to COVID-19, resulting in a gradual recovery trend.」
Economic activity is moving toward normalization following the lifting of restrictions related to COVID-19, and the gradual recovery trend is continuing. The disappearance of the infection risk itself was not stated. - FY2023-Q2MitigatedAnnual report
「During the first nine months of the current consolidated fiscal year, economic and social activity moved toward normalization as restrictions related to COVID-19 were eased, resulting in a gradual recovery trend.」
The easing of restrictions related to COVID-19 and normalization of economic and social activity progressed, and the business environment improved from the conditions affected by the pandemic through the previous period. However, the disappearance of the infection risk itself was not stated. - FY2023-Q1MaterialisedAnnual report
「Although China experienced some shipment delays and other effects from lockdowns, revenue increased, partly due to the weaker yen.」
The COVID-19-related lockdowns in China are described as having affected actual business activity through shipment delays. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter of the consolidated fiscal year, economic conditions remained uncertain due to the spread of infections caused by the emergence of new COVID-19 variants and other factors. However, the economy entered a gradual recovery trend as economic activity normalized and signs of recovery emerged in corporate production activity, capital investment and personal consumption.」
Although uncertainty caused by new variants continues, normalization of economic activity and recovery in production activity and capital investment have been noted, continuing to indicate a recovery trend amid the impact of the pandemic. - FY2022-Q2MitigatedAnnual report
「During the first nine months of the current consolidated fiscal year, economic conditions remained uncertain due to the renewed spread of COVID-19. However, economic activity moved toward normalization as a result of government policies and other factors, and corporate production activity and capital investment, particularly in manufacturing, showed signs of recovery.」
While uncertainty from the renewed spread of infections continues, economic activity is moving toward normalization as a result of policy effects, and production activity and capital investment are showing signs of recovery. - FY2022-Q1WorsenedAnnual report
「During the first six months of the current consolidated fiscal year, economic conditions remained uncertain. Although signs of recovery were seen in China and developed economies, the timing of the end of the COVID-19 pandemic remained unforeseeable due to renewed spread caused by the emergence of new variants, while soaring resource prices and semiconductor shortages also weighed on conditions.」
Although economic activity showed signs of recovery, the renewed spread of infections caused by new variants and the uncertainty over when the pandemic would end were explicitly noted, indicating greater uncertainty surrounding infection-related risks. - FY2021RestatedAnnual report
「Looking at the operating conditions of the Group, sales fell below the previous fiscal year as capital investment demand slowed due to the economic deterioration caused by COVID-19, but recent orders received have recovered.」
While the slowdown in capital investment demand and the full-year revenue decline caused by the spread of COVID-19 continue, the recent recovery in orders is being used as an accounting and performance assumption. - FY2021-Q3Adoption of continued demand recovery as an accounting estimate assumptionAnnual report
「Although the spread of COVID-19 has caused a decline in revenue due to lower orders and other effects at the Group, accounting estimates are being made on the assumption that the trend toward demand recovery observed in the third quarter of the current consolidated fiscal year will continue.」
While the effects of lower orders and declining revenue continue, the company is using the assumption that the trend toward demand recovery seen in the third quarter will continue in its accounting estimates. - FY2021-Q2MaterialisedAnnual report
「Looking at the Group's operating conditions, demand for capital investment weakened and remained sluggish both in Japan and overseas as the economy deteriorated due to COVID-19. As a result, revenue for the first six months of the current consolidated fiscal year was ¥20,258 million, down 20.4% year on year.」
The slowdown in capital investment demand caused by COVID-19 has materialized as a 20.4% decline in revenue, an operating loss of ¥748 million and an ordinary loss of ¥757 million. - FY2021-Q1MaterialisedAnnual report
「Looking at the Group's operating conditions, demand for capital investment weakened both in Japan and overseas as the economy deteriorated due to the global spread of COVID-19, and revenue declined in all regions. As a result, revenue for the first quarter of the current consolidated cumulative period was ¥10,615 million, down 19.9% year on year. Despite efforts to reduce expenses in response to restrictions on business activities, operating loss was ¥186 million, compared with operating profit of ¥809 million in the same period of the previous year, and ordinary loss was ¥182 million, compared with ordinary profit of ¥653 million.」
The decline in demand caused by COVID-19 materialized as lower revenue in all regions, a 19.9% decline in revenue, and operating and ordinary losses. - FY2020First statedAnnual report
「The global spread of COVID-19 may disrupt production, sales and other activities and affect the operating results and financial position of the Group.」
The global spread of COVID-19 was disclosed as a standalone risk for the first time. The performance analysis states that there was a period in the fourth quarter when active sales activities in China were difficult, which affected the decline in revenue. It also states that accounting estimates were made on the assumption that the impact would continue for part of at least the fiscal year ending March 2021.