Risk of Economic Slowdown and Activity Restrictions Due to COVID-19
First written in FY2021-Q1. 6 of 16 entries say "Worsened", first in FY2021-Q2. Latest entry: FY2025.
Media Links 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: 111 of 174 companies on the "Worse" side.
55 other companies' latest entry also says "Dropped".
- FY2025DroppedAnnual reportIn the full-year filing, COVID-19 was not described as a separate risk relating to the business environment.
- FY2024-Q3RestatedAnnual report
「During the first nine months of the current consolidated fiscal year, restrictions were further relaxed as COVID-19 was reclassified as a Class 5 infectious disease, and social and economic activity remained on a gradual recovery trend.」
The company continued to describe the recovery trend in social and economic activity accompanying the reclassification of COVID-19 as a Class 5 infectious disease and the easing of restrictions. - FY2024-Q2MitigatedAnnual report
「During the first half of the current consolidated fiscal year, restrictions related to COVID-19 were further relaxed, and economic activity remained on a gradual recovery trend.」
The company indicated that restrictions related to the pandemic had been further relaxed and that economic activity was on a gradual recovery trend. - FY2024-Q1MitigatedAnnual report
「During the first quarter of the current consolidated fiscal year, the impact of COVID-19 was subsiding, and economic activity was returning to normal, including the reclassification of the disease as a Class 5 infectious disease under the Infectious Diseases Control Law in May.」
The impact of COVID-19 was subsiding, and the change in its classification under the Infectious Diseases Control Law and the normalisation of economic activity were disclosed. There were no material changes to the accounting assumptions concerning the timing of the pandemic’s end, among other matters. - FY2023Economic normalisation alongside the continued impact of COVID-19Annual report
「During the consolidated fiscal year, Japan’s economy gradually normalised as the country moved into a new phase of the COVID-19 pandemic, and the economy showed signs of a gradual recovery.」
While recognising the normalisation of economic activity, the company continued to disclose estimates made on the assumption that the pandemic would continue, as well as risks of impacts on component procurement, manufacturing and sales activities. - FY2023-Q3WorsenedAnnual report
「During the third quarter of the current consolidated fiscal year, economic activity gradually moved toward normalisation as measures to contain COVID-19 were balanced with social and economic activity, but conditions remained unstable, including the arrival of the eighth wave of infections.」
While economic activity was moving toward normalisation, the arrival of the eighth wave of COVID-19 infections meant that instability in the business environment continued and intensified. - FY2023-Q2WorsenedAnnual report
「During the first half of the current consolidated fiscal year, the Japanese economy recovered gradually as the number of new COVID-19 cases eased and various activity restrictions were relaxed. However, conditions remained unstable, including the arrival of the seventh wave of infections from July onward.」
While there were signs of recovery as new infections eased and activity restrictions were relaxed, the seventh wave from July onward kept the business environment unstable and the outlook uncertain. - FY2023-Q1Deregulation alongside continued uncertaintyAnnual report
「During the first quarter of the current consolidated cumulative period, the Japanese economy showed signs of moving toward normalization of economic activity as restrictions related to COVID-19 were gradually eased. However, the end of geopolitical risks surrounding the situation in Russia and Ukraine remained out of sight, and the outlook was extremely uncertain due to the continuing semiconductor shortage, soaring raw material prices, exchange rate movements, and other factors.」
While deregulation related to the pandemic and the normalisation of economic activity were indicated, uncertainty remained in the business environment, including the impact of the pandemic, and geopolitics and the semiconductor shortage were also cited as new sources of uncertainty. - FY2022MaterialisedAnnual report
「Revenue in EMEA declined year on year because projects in the region were frozen as a result of the spread of COVID-19 and geopolitical issues.」
EMEA projects were frozen due to the spread of COVID-19 and geopolitical issues, resulting in an actual impact on performance in the form of lower revenue. - FY2022-Q3WorsenedAnnual report
「Meanwhile, the outlook remained uncertain due to the effects of the resurgence of COVID-19 and the global semiconductor shortage.」
The resurgence of COVID-19 infections was explicitly disclosed, and the description shifted from a recovery phase in economic activity driven by vaccinations and other factors to an uncertain environment that included a renewed spread of infections. - FY2022-Q2RestatedAnnual report
「During the first half of the current consolidated fiscal year, the Japanese economy showed signs of recovery in economic activity as COVID-19 vaccinations progressed, but the end of the pandemic remained unforeseeable and the economic outlook continued to be uncertain.」
While recognising the recovery in economic activity accompanying the rollout of vaccines, the end of COVID-19 remained unforeseeable and uncertainty about the outlook continued. The company stated that there had been no material changes in its business and other risks. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, the Japanese economy remained uncertain, as the global impact of COVID-19 continued and economic activity remained sluggish.」
The impact of COVID-19 and uncertainty about the outlook continue. Meanwhile, the business and other risks section states: “There have been no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.” - FY2021WorsenedAnnual report
「If the global spread and prolonged duration of COVID-19 disrupt the procurement of components for the Group’s products, product manufacturing, sales activities or other operations, this may affect the Group’s operating results and financial position.」
The risks posed by the global spread and prolonged duration of COVID-19 to component procurement, manufacturing and sales activities were disclosed as a separate item, and the impact of exhibition cancellations, overseas travel restrictions and lower travel expenses has also appeared in actual results. - FY2021-Q3WorsenedAnnual report
「The outlook remained uncertain, as the third wave of infections spread and a new state of emergency was declared.」
The third wave of COVID-19 infections spread and another state of emergency was declared, with the uncertainty surrounding the outlook for economic activity and the business environment continuing and intensifying. - FY2021-Q2WorsenedAnnual report
「During the first half of the current consolidated fiscal year, the Japanese economy continued to be affected by the spread of COVID-19 in Japan and overseas. With no clear prospect of the pandemic coming to an end, the outlook for the economy remained extremely uncertain.」
The impact of COVID-19 continued, the timing of its end remained uncertain, and the economic outlook was described as “extremely uncertain.” Lower travel expenses due to exhibition cancellations and overseas travel restrictions have also materialised. Meanwhile, the business and other risks section states that there have been no material changes. - FY2021-Q1First statedAnnual report
「This was due to a decrease in travel expenses, among other factors, as major exhibitions were cancelled and overseas travel was restricted because of the impact of COVID-19.」
The sharp economic slowdown caused by COVID-19, exhibition cancellations and overseas travel restrictions were explicitly disclosed for the first time. The impact has materialised in the form of lower travel expenses. Meanwhile, the business and other risks section states that no new risks have arisen and that there have been no material changes.