Impact of COVID-19 on Business Activities and Demand
First written in FY2020. 3 of 13 entries say "Mitigated", first in FY2022. Latest entry: FY2024.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024MitigatedAnnual report
「The normalization of socioeconomic activity accompanying the transition of COVID-19 to Category 5 led to a gradual recovery trend.」
It describes the normalization of socioeconomic activity and the economic recovery trend accompanying the transition to Category 5 for COVID-19. - FY2024-Q1MitigatedAnnual report
「Although the legal classification of COVID-19 was changed to Category 5 and the normalization of socioeconomic activity progressed,」
It states that the legal classification of COVID-19 was changed and socioeconomic activity has been returning to normal. - FY2023-Q3RestatedAnnual report
「During the cumulative third-quarter consolidated period, restrictions on activity were eased while attention was paid to preventing the spread of COVID-19, and personal consumption began to recover gradually. However, tight supply and demand for electronic components persisted, and the outlook remained uncertain due to the prolonged situation in Ukraine and higher energy and raw material prices.」
The company states that personal consumption was recovering as society continued to adapt to COVID-19 and restrictions on activity were eased, while uncertainty about the outlook persisted. - FY2023-Q2Progress in living with COVID-19 and a recovery in consumptionAnnual report
「During the second quarter of the current consolidated fiscal year, economic activity in Japan continued to adapt to living with COVID-19, and personal consumption gradually recovered.」
The company indicates that personal consumption was gradually recovering as the economy continued to adapt to living with COVID-19. - FY2023-Q1Declining infections and signs of economic normalizationAnnual report
「Although signs of progress toward the normalization of economic activity were seen as the number of new COVID-19 cases declined,」
The company indicates that economic activity was moving toward normalization as the number of new COVID-19 cases declined, but that the outlook remained uncertain due to other factors. - FY2022MitigatedAnnual report
「The company states that the impact of COVID-19 on its business was immaterial during the current consolidated fiscal year.」
While the company states that the impact of COVID-19 on its business was immaterial during the current consolidated fiscal year, it continues to address the potential impact of the emergence of variants and measures such as working from home. - FY2022-Q3Signs of recovery and concerns over a resurgenceAnnual report
「During the cumulative third-quarter consolidated period, Japan’s economy showed signs of recovery as the COVID-19 outbreak temporarily subsided, but uncertainty over the outlook persisted amid concerns over the emergence of new variants and a renewed spread of infections.」
The company assesses that signs of recovery were visible in corporate earnings and personal consumption in Japan, while the outlook remained uncertain due to concerns over new variants and a further spread of infections. - FY2022-Q2Recovery Trend Coexisting with UncertaintyAnnual report
「During the second quarter of the current consolidated fiscal year, corporate earnings and personal consumption, which had slowed due to the resurgence of COVID-19, were gradually recovering, but the outlook remained uncertain.」
The assessment of the domestic economy has changed to reflect a gradual recovery in corporate earnings and personal consumption, while the outlook remains uncertain amid the resurgence of COVID-19. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, economic activity in Japan remained generally extremely challenging, including corporate earnings and personal consumption, due to the effects of COVID-19.」
The company states that the impact of COVID-19 on domestic economic activity remained severe. - FY2021-Q3Limited domestic impact; continued overseas impactAnnual report
「Regarding the impact of COVID-19 on business performance, some domestic renovation projects were cancelled or postponed, but construction continued to progress on projects that had already started. Many inspection and maintenance projects that had been temporarily postponed during the state of emergency in the first quarter were carried out by the third quarter, limiting the impact. Overseas, the business continued to be affected to a certain extent, with economic activity restricted by lockdowns and other measures in some regions.」
Although some projects were cancelled or postponed in Japan, the impact was limited as work continued on projects already under construction and postponed inspection and maintenance work progressed. Overseas, the impact of lockdowns and other measures continued. - FY2021-Q2WorsenedAnnual report
「During the second quarter of the current consolidated fiscal year, economic activity in Japan remained generally challenging, including corporate earnings and personal consumption, due to the effects of COVID-19. Overseas, market conditions became increasingly severe as infections spread further, and the outlook remained uncertain due to factors including escalating trade friction between the United States and China and volatility in the financial and capital markets.」
The company states that difficult conditions continued in Japan due to COVID-19, while overseas market conditions became increasingly severe as infections spread further. - FY2021-Q1WorsenedAnnual report
「During the first quarter of the current consolidated fiscal year, economic activity in Japan remained extremely challenging overall, including corporate earnings and personal consumption, due to the effects of the spread of COVID-19. Overseas, in addition to similar market conditions, the outlook remained uncertain due to factors including escalating trade friction between the United States and China and volatility in the financial and capital markets.」
The company states that the impact of COVID-19 on economic activity in Japan and overseas continued to create extremely challenging conditions in the first quarter. - FY2020First statedAnnual report
「From April 2020, construction projects in Japan were temporarily suspended as COVID-19 infections increased. Overseas, business activities at many customers were restricted by lockdowns and other measures. Although the business activities of Group companies did not stop, operating rates declined at some factories and new orders were affected.」
The disclosure records actual impacts including temporary construction suspensions, restrictions on overseas customers, lower factory utilization and effects on new orders.