Risk of a Global Economic and Demand Downturn Due to COVID-19
First written in FY2021-Q1. 8 of 15 entries say "Restated". Latest entry: FY2025.
Mimaki Engineering 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 2020: 112 of 175 companies on the "Worse" side.
35 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「In particular, the previous global spread of COVID-19 caused a rapid decline in customers' demand for printed materials due to the sluggish global economy and disrupted the Group's development, production, logistics and sales activities as it responded to various regulations in the countries and regions where it operates. As a result, the impact on results emerged in prior fiscal years, and similar circumstances may arise in the future.」
While the impact of COVID-19 is presented as an event in prior fiscal years, the possibility of future recurrence of infectious diseases and business continuity measures continue to be identified as risks. - FY2024SoftenedAnnual report
「In particular, the previous global spread of COVID-19 caused a rapid decline in customers' demand for printed materials due to the sluggish global economy and disrupted the Group's development, production, logistics and sales activities as it responded to various regulations in the countries and regions where it operates. As a result, the impact on results emerged in prior fiscal years, and similar circumstances may arise in the future.」
The risk of COVID-19 continues to be disclosed, but its impact on results is presented mainly as an event in prior fiscal years, with the focus shifting from a direct explanation of the current-period impact to the possibility of recurrence and business continuity measures. - FY2024-Q2RestatedAnnual report
「Although the impact of COVID-19 on the Group's businesses varies in nature and severity by business, accounting estimates have been prepared on the assumption that the impact will continue for a certain period of the fiscal year ending March 2024.」
The accounting assumption that the impact of COVID-19 will continue for a certain period of the fiscal year ending March 2024 remains in place. - FY2024-Q1RestatedAnnual report
「Although the impact of COVID-19 on the Group's businesses varies in nature and severity by business, accounting estimates have been prepared on the assumption that the impact will continue for a certain period of the fiscal year ending March 2024.」
The accounting assumption that the impact of COVID-19 will continue for a certain period of the fiscal year ending March 2024 remains in place. - FY2023-Q3WorsenedAnnual report
「Although the impact of COVID-19 on the Group's businesses varies in nature and severity by business, accounting estimates have been prepared on the assumption that the impact will continue for a certain period of the fiscal year ending March 2024.」
The period covered by the accounting assumption that the impact of COVID-19 will continue has been updated from the fiscal year ending March 2023 to the fiscal year ending March 2024. - FY2023-Q2RestatedAnnual report
「Although the impact of COVID-19 on the Group's businesses varies in nature and severity by business, accounting estimates have been prepared on the assumption that the impact will continue for a certain period of the fiscal year ending March 2023.」
The accounting estimates continue to use the assumption that the impact of COVID-19 will continue for a certain period of the fiscal year ending March 2023. - FY2023-Q1RestatedAnnual report
「Although the impact of COVID-19 on the Group's businesses varies in nature and severity by business, accounting estimates have been prepared on the assumption that the impact will continue for a certain period of the fiscal year ending March 2023.」
The accounting estimates continue to use the assumption that the impact of COVID-19 will continue for a certain period of the fiscal year ending March 2023. - FY2022RestatedAnnual report
「If infectious diseases, including COVID-19 and influenza, spread, it may become difficult for our officers and employees to come to work, or the global economy as a whole may decline, causing the Group's business activities to stagnate and affecting its results.」
The Group continues to identify as risks the difficulty of employees coming to work due to the spread of infectious diseases, a global economic downturn, and impacts on development, production, logistics and sales. - FY2022-Q3RestatedAnnual report
「During the nine months ended the third quarter of the current fiscal year, the global economy showed signs of recovery, supported by economic measures implemented by governments as COVID-19 vaccination programmes progressed, particularly in developed countries. However, infections caused by COVID-19 variants have recently begun to spread again in various parts of the world, and the situation remains more uncertain than ever. In addition, the effects of global logistics disruptions and difficulties in procuring parts and raw materials have expanded, and uncertainty over the economic recovery continues.」
The report continues to describe an uncertain environment in which the recovery driven by vaccination programmes and economic measures coexists with renewed infections caused by variants, logistics disruptions and difficulties in procuring parts and raw materials. - FY2022-Q2Recovery alongside renewed infections and supply constraintsAnnual report
「During the six months ended the second quarter of the current fiscal year, the global economy showed signs of recovery, supported by economic measures implemented by governments as vaccination programmes progressed, particularly in developed countries. However, the situation remains uncertain, with infections caused by COVID-19 variants spreading again in various parts of the world. In addition, the effects of global logistics disruptions and difficulties in procuring parts and raw materials have expanded, and uncertainty over the economic recovery continues.」
While the economic recovery progressed on the back of vaccination programmes and economic measures, renewed infections caused by variants, logistics disruptions and difficulties in procuring parts and raw materials coexisted, and uncertainty continued. - FY2022-Q1Global economic recovery and renewed spread of infections in JapanAnnual report
「As highly transmissible COVID-19 variants spread across the world, economic activity is moving toward normalisation as vaccination programmes progress, particularly in developed countries. In Japan, there were also signs of a bottoming-out trend amid the gradual recovery of the global economy, but the situation remains difficult, with a renewed state of emergency declared following the resurgence of infections.」
While economic normalisation and demand recovery, led by Europe, the United States and China, progressed on the back of vaccination programmes, difficult conditions continued in Japan due to the resurgence of infections and the state of emergency. - FY2021RestatedAnnual report
「Throughout the current fiscal year, the Group was affected by the economic slowdown accompanying the spread of COVID-19, and the restraint on customers' capital investment and substantial decline in demand for printed materials had a significant impact on the Group's net sales.」
The restraint on capital investment and decline in demand for printed materials caused by COVID-19 continued to appear as lower full-year revenue and a loss, while the report also noted signs of a recovery in demand in the fourth quarter. - FY2021-Q3WorsenedAnnual report
「However, from the latter half of the third quarter, infections again began to spread worldwide, and economic activity showed signs of stagnation as governments in various countries tightened restrictions, including stay-at-home measures. The outlook for the economy therefore remains uncertain, and the situation continues to allow no room for complacency. Although the impact of COVID-19 on the Group's businesses varies in nature and severity by business, accounting estimates have been prepared on the assumption that the impact will continue for a certain period of the fiscal year ending March 2022.」
From the latter half of the third quarter, infections began to spread again globally and restrictions were tightened, leading to an updated assumption that the impact of COVID-19 would continue for a certain period of the fiscal year ending March 2022. - FY2021-Q2MaterialisedAnnual report
「However, throughout the six months ended the second quarter of the current fiscal year, the Group was affected by the economic slowdown accompanying the spread of COVID-19, and the restraint on customers' capital investment and substantial decline in demand for printed materials had a significant impact on the Group's net sales.」
The restraint on capital investment and decline in demand for printed materials caused by COVID-19 continued through the six months ended the second quarter, appearing in actual results as net sales of ¥20,862 million, down 23.8% year on year, and a shift into the red. - FY2021-Q1MaterialisedAnnual report
「As governments around the world strengthened measures to address the rapid global spread of COVID-19, economic activity contracted sharply, resulting in an unprecedented economic downturn. The resulting curbs on customers' capital investment and substantial decline in demand for printed materials had a significant impact on the Group's net sales. Although the impact of COVID-19 on the Group's businesses varies in nature and severity by business, accounting estimates have been prepared on the assumption that the impact will continue for a certain period of the fiscal year ending March 2021.」
The restraint on capital investment and decline in demand for printed materials caused by COVID-19 have materialised as lower revenue and a shift into the red, and the accounting estimates assume that the impact will continue for a certain period of the fiscal year ending March 2021.