Economic Contraction and More Cautious Investment Due to the Spread of COVID-19
First written in FY2021-Q1. 4 of 9 entries say "Restated". Latest entry: FY2024-Q2.
60 other companies' latest entry also says "Mitigated".
- FY2024-Q2MitigatedAnnual report
「Revenue was ¥18,081 million, up 4.7% year on year, as economic activity normalized after COVID-19 and demand for amusement printers and electrical components for construction vehicles recovered.」
The normalization of economic activity and recovery in demand following the spread of COVID-19 were described as factors behind higher revenue in the Motion Equipment Business. - FY2023-Q2Continued impact of China's zero-COVID policyAnnual report
「Although there was an impact from soaring resource and materials prices and shortages of components resulting from the implementation of China's zero-COVID policy and other factors,」
In connection with the spread of COVID-19, the impact of China's zero-COVID policy, including soaring resource and materials prices and shortages of components, was also noted in the current quarter. Meanwhile, capital investment was described as firm, supported by semiconductor demand. - FY2023-Q1Continued impact of China's lockdownsAnnual report
「Although there was an impact from lockdowns and other measures to prevent the spread of COVID-19 in China,」
In connection with the spread of COVID-19, the impact of lockdowns and other measures in China continued to affect the operating environment during the current quarter. Meanwhile, global semiconductor demand and capital investment in semiconductor manufacturing equipment were described as firm. - FY2022-Q2MitigatedAnnual report
「Overseas, the US economy recovered as personal consumption and capital investment increased, while the Chinese economy remained on a recovery track as capital investment in manufacturing increased. In Japan, public investment remained firm, private-sector capital investment showed signs of recovery, and the economy remained on a gradual recovery track.」
In contrast to the economic contraction and increased caution toward investment described through the previous quarter amid the spread of COVID-19, the operating environment in the current quarter was described as being on a recovery track or showing signs of recovery in the United States, China and Japan. It was also stated that there were no significant changes in business and other risks. - FY2022-Q1RestatedAnnual report
「Due to the impact of the spread of COVID-19, caution toward capital investment remained strong, and uncertainty about the outlook continued unabated.」
Caution toward capital investment and uncertainty about the outlook associated with the spread of COVID-19 continued into the first quarter. - FY2021RestatedAnnual report
「During the consolidated fiscal year, the operating environment surrounding the Group remained challenging overall, as the spread of COVID-19 caused economic activity in Japan and overseas to contract.」
The contraction in economic activity caused by the spread of COVID-19 continued throughout the fiscal year. Recovery and normalization were seen in the United States and China in the second half of the fiscal year, but the recovery slowed in Japan due to a resurgence of infections. - FY2021-Q3RestatedAnnual report
「During the cumulative third-quarter period (1 April 2020 to 31 December 2020), the operating environment surrounding the Group was characterized by significant restrictions on movement due to the spread of COVID-19, resulting in a contraction of economic activity in Japan and overseas.」
Restrictions on movement caused by the spread of COVID-19 and the contraction of economic activity in Japan and overseas continued as operating conditions during the cumulative third-quarter period. - FY2021-Q2RestatedAnnual report
「The spread of COVID-19 significantly restricted the movement of people, resulting in a contraction in economic activity in Japan and overseas.」
Restrictions on movement caused by the spread of COVID-19 and the contraction of economic activity in Japan and overseas continued as actual operating conditions during the cumulative second-quarter period. - FY2021-Q1MaterialisedAnnual report
「The situation was generally severe, as economic activity contracted significantly both in Japan and overseas due to the spread of COVID-19, leading to a more cautious stance toward investment.」
The contraction in economic activity and more cautious investment caused by the spread of COVID-19 were first explicitly identified as events that had actually occurred in the operating environment during the first quarter.