Business suspensions due to COVID-19 infections and the prolonged spread of the disease, and curbs on customer capital investment
First written in FY2021. 3 of 6 entries say "Mitigated", first in FY2023-Q1. Latest entry: FY2024-Q1.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024-Q1MitigatedAnnual report
「During the cumulative first quarter of the consolidated fiscal year under review, the Japanese economy showed signs of a gradual recovery as COVID-19 moved toward containment, economic activity normalized, and the number of foreign visitors to Japan increased.」
The company reported that COVID-19 was moving toward containment and economic activity was gradually normalizing, indicating that the impact of the disease on the business environment had eased further. - FY2023MitigatedAnnual report
「During the fiscal year under review, the Japanese economy showed signs of a gradual recovery, including the easing of restrictions on activities related to COVID-19 and the resumption of accepting foreign tourists.」
The easing of restrictions on activities and other factors indicate that the impact of COVID-19 on economic activity had eased compared with previous periods. - FY2023-Q1MitigatedAnnual report
「During the cumulative first quarter under review, the Japanese economy showed signs of recovery as COVID-19 vaccinations progressed and restrictions on activities were eased.」
The company reported an economic recovery driven by progress in vaccinations and the easing of restrictions on activities, indicating that the impact of COVID-19 on economic activity had eased compared with previous periods. However, uncertainty about the outlook continues. - FY2022-Q2Economic reopening coexisting with uncertainty caused by variantsAnnual report
「There were signs of an economic recovery, including progress in COVID-19 vaccinations and the gradual reopening of economic activity in some regions. However, the outlook remains uncertain, amid the continued spread of highly transmissible variants, soaring raw material prices, and supply chain disruptions driven in part by growing global inflation concerns.」
Although vaccinations and the gradual reopening of economic activity are progressing, uncertainty about the outlook continues because of the spread of variants and supply chain disruptions. - FY2022-Q1WorsenedAnnual report
「There were signs of an economic recovery, including progress in COVID-19 vaccinations and the gradual reopening of economic activity in some regions. However, the outlook remains uncertain, partly because highly transmissible variants continue to spread.」
Although economic activity is gradually reopening, uncertainty about the outlook continues as highly transmissible variants remain prevalent. - FY2021First statedAnnual report
「Regarding COVID-19, we have continued business operations by implementing thorough hygiene management and responding flexibly and promptly, including promoting remote work and cancelling business trips and events. However, if an officer or employee becomes infected, we may be forced to close business locations and suspend operations accordingly. In addition, if the COVID-19 outbreak is prolonged, an economic downturn may cause customers to suspend business activities or postpone or reduce capital investment, potentially affecting our business and performance.」
In addition to conventional economic and capital investment risks, the risk of business-location closures and business suspension due to infections, as well as the risk of customer activity suspensions and restrained capital investment due to a prolonged outbreak, have been identified separately for the first time.