Impact of the COVID-19 pandemic on operating results and financial position
First written in FY2020-Q2. 11 of 17 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024SoftenedAnnual report
「During the fiscal year, Japan's economy showed signs of a gradual recovery, particularly in personal consumption and capital investment, as economic activity normalized after the COVID-19 pandemic and inbound demand increased.」
The description has shifted from identifying the direct impact of COVID-19 on business performance and financial conditions as the primary risk to describing conditions on the assumption that economic activity will normalize after the pandemic. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter of the fiscal year, Japan's economy showed signs of recovery, particularly in personal consumption and capital investment, as restrictions on activity were eased and economic activity moved toward normalization. However, the outlook remained uncertain due to soaring global energy and raw material prices, the yen's depreciation and uncertainty surrounding the situation in Ukraine.」
The Company refers to the easing of restrictions on activity and normalization of economic activity, while continuing to note uncertainty regarding the outlook due to soaring energy and raw material prices, the yen's depreciation and the situation in Ukraine. - FY2024-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, Japan's economy showed signs of recovery, particularly in personal consumption and capital investment, as restrictions on activity related to COVID-19 were eased further. However, the outlook remained uncertain due to soaring global energy and raw material prices, the yen's depreciation and uncertainty surrounding the situation in Ukraine.」
The Company refers to the easing of restrictions on activity and signs of an economic recovery, while continuing to note uncertainty regarding the outlook due to soaring prices, the yen's depreciation and the situation in Ukraine. - FY2023SoftenedAnnual report
「During the consolidated fiscal year, Japan's economy showed signs of recovery, particularly in personal consumption and capital investment, as restrictions on activity related to COVID-19 were eased further. However, the outlook remained uncertain due to soaring global energy and raw material prices, the yen's depreciation and uncertainty surrounding the situation in Ukraine.」
The Company describes the further easing of restrictions on activity and signs of an economic recovery. While the description of constraints on social and economic activity caused by the infection has diminished, uncertainty regarding the outlook continues. - FY2023-Q3RestatedAnnual report
「There have been no material changes to the assumptions concerning the impact of COVID-19 described in the "Additional Information" section of the annual securities report for the previous fiscal year.」
The Company states that there have been no material changes from the previous fiscal year in the accounting assumptions regarding the impact of COVID-19. - FY2023-Q2RestatedAnnual report
「There have been no material changes to the assumptions concerning the impact of COVID-19 described in the "Additional Information" section of the annual securities report for the previous fiscal year.」
The Company states that there have been no material changes from the previous fiscal year in the accounting assumptions regarding the impact of COVID-19. - FY2023-Q1WorsenedAnnual report
「During the cumulative first quarter of the fiscal year, Japan's economy remained unstable. Economic activity was gradually moving toward normalization as the country sought to balance COVID-19 countermeasures with social and economic activity, but the eighth wave of COVID-19 arrived. Accordingly, progress toward an economic recovery remained slow, and the outlook for the domestic economy remained uncertain.」
The Company describes the arrival of the eighth wave of COVID-19 and the slow recovery in economic activity, stating that instability in the domestic economy and uncertainty regarding its outlook continue. - FY2022-Q3RestatedAnnual report
「Although it is difficult to predict when COVID-19 will be contained, the Company assumes that it will take approximately 1 to 2 years for the impact of COVID-19 to subside and conditions to return to those prevailing before the spread of the infection.」
While stating that the timing of containment remains difficult to predict, the Company continues to use the accounting assumption that it will take approximately 1 to 2 years to return to conditions prevailing before the spread of the infection. - FY2022-Q2RestatedAnnual report
「Although it is difficult to predict when COVID-19 will be contained, the Company assumes that it will take approximately 1 to 2 years for the impact of COVID-19 to subside and conditions to return to those prevailing before the spread of the infection.」
While stating that the timing of containment remains difficult to predict, the Company continues to use the accounting assumption that it will take approximately 1 to 2 years to return to conditions prevailing before the spread of the infection. - FY2022-Q1RestatedAnnual report
「Regarding the impact of COVID-19, the number of new cases in Japan has recently shown signs of increasing again due to the emergence of a new variant. Accordingly, given that it remains difficult at this time to predict when the infection will be contained, the Company continues to assume that economic conditions will gradually recover through the second quarter of the fiscal year ending September 2022.」
The Company refers to signs of an increase in new cases due to a new variant, states that the timing of containment remains difficult to predict, and continues to use the accounting assumption that conditions will gradually recover through the second quarter of the fiscal year ending September 2022. - FY2021RestatedAnnual report
「During the fiscal year, Japan's economy remained subject to significant restrictions on social and economic activity as a result of states of emergency and priority preventive measures issued in response to the spread of COVID-19.」
The Company continues to describe restrictions on social and economic activity caused by the infection and uncertainty regarding when it will be contained. - FY2021-Q3RestatedAnnual report
「Regarding the impact of COVID-19, the Company had assumed that economic conditions would gradually recover through the second quarter of the fiscal year ending September 2021. However, in light of the continued emergence of new cases in Japan and overseas and the resulting difficulty in predicting when the infection would be contained, the Company changed its assumption during the second quarter to assume that economic conditions would gradually recover through the second quarter of the fiscal year ending September 2022.」
The Company continues to use the accounting assumption that economic conditions will recover around the second quarter of the fiscal year ending September 2022. The impact of the infection on accounting estimates is considered minor. - FY2021-Q2WorsenedAnnual report
「Regarding the impact of COVID-19, the Company had assumed that economic conditions would gradually recover through the second quarter of the fiscal year ending September 2021. However, in light of the continued emergence of new cases in Japan and overseas and the resulting difficulty in predicting when the infection would be contained, the Company changed its assumption during the second quarter of the fiscal year ending September 2021 to assume that economic conditions would gradually recover through the second quarter of the fiscal year ending September 2022.」
The accounting assumption regarding the timing of the recovery in economic conditions was changed from around the second quarter of the fiscal year ending September 2021 to around the second quarter of the fiscal year ending September 2022, extending the assumed recovery period. The impact on accounting estimates was considered minor. - FY2021-Q1SoftenedAnnual report
「The impact of these conditions on the Company's cumulative first-quarter results was minor and is expected to remain limited going forward. Accordingly, there have been no material changes to the assumptions regarding COVID-19 described in the "Additional Information (Accounting Estimates Regarding the Impact of the Spread of COVID-19)" section of the annual securities report for the previous fiscal year.」
While the timing of the spread and containment of the infection remains difficult to predict, the Company states that its impact on first-quarter results was minor and is expected to remain limited going forward. - FY2020RestatedAnnual report
「During the fiscal year, Japan's economy remained on a gradual recovery trend through the middle of the period, supported by improved corporate performance and employment conditions. However, conditions surrounding the domestic economy deteriorated rapidly as a result of the spread of COVID-19.」
While continuing to recognize the possibility that COVID-19 may affect business performance and financial conditions, revenue increased during the period due to growing demand for DX projects. - FY2020-Q3RestatedAnnual report
「The spread of COVID-19 may affect the operating results and financial position of the group, and we will continue to monitor the situation closely.」
The company has reiterated the possibility that COVID-19 may affect operating results and financial position, together with its policy of continuing to monitor the situation closely. - FY2020-Q2First statedAnnual report
「The spread of COVID-19 may affect the operating results and financial position of the group, and we will continue to monitor the situation closely.」
The company has, for the first time, disclosed the possibility that the spread of COVID-19 may affect the group's operating results and financial position as a standalone risk.