Store and B2B activity constraints and procurement delays caused by COVID-19
First written in FY2020. 6 of 11 entries say "Mitigated", first in FY2021-Q2. Latest entry: FY2026-H1.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company stated that there had been no material change in the existing risks related to COVID-19-induced restrictions on store and corporate activities and procurement disruptions. - FY2024-Q3MitigatedAnnual report
「Higher administrative expenses, including travel and transportation expenses, as economic activity normalised after the COVID-19 pandemic」
The company identified the continued easing of restrictions on store and corporate activities as a factor behind higher administrative expenses as economic activity normalised after the COVID-19 pandemic. - FY2024-Q2MitigatedAnnual report
「Higher travel and transportation expenses and other costs as economic activity normalised after the COVID-19 pandemic」
The company stated that travel and transportation expenses and other costs increased as economic activity normalised after the COVID-19 pandemic, indicating that the easing of activity restrictions was continuing. - FY2023MitigatedAnnual report
「Meanwhile, with respect to COVID-19, progress is being made in balancing infection-control measures with economic and social activities.」
Regarding the impact of COVID-19, including restrictions on store and corporate activities, the company stated that progress was being made in balancing those activities with economic and social activity. - FY2022MitigatedAnnual report
「In addition, as economic activity gradually resumed due to a substantial decline in new COVID-19 cases and a rise in the vaccination rate, the Group's performance was expected to remain firm. Based on this assumption, the Group made accounting estimates, mainly concerning the recoverability of deferred tax assets.」
Regarding COVID-19-related activity restrictions, the company described declining new infections, a higher vaccination rate and the resumption of economic activity, representing an improvement from the previous descriptions of resurgent infections and the reissuance of a state of emergency. - FY2022-Q2WorsenedAnnual report
「During the six-month period ended in the second quarter, Japan's economy faced uncertain prospects, including the reissuance of a state of emergency due to the renewed spread of COVID-19.」
Although the company did not provide specific details of restrictions on store and B2B activities, it reported a resurgence in infections and the reissuance of a state of emergency, indicating a deterioration in the business-environment risk, including COVID-19. - FY2022-Q1WorsenedAnnual report
「Although Japan's economy was showing signs of improvement as vaccinations gradually progressed, it remained extremely uncertain, with the reissuance of a state of emergency due to the resurgence of COVID-19 infections, a global semiconductor shortage, surging resource prices and higher ocean freight rates caused by a shortage of containers.」
Although the company did not describe specific restrictions on store and B2B activities, it reported a resurgence in infections and the reissuance of a state of emergency, indicating that the business-environment risk, including COVID-19, had worsened. - FY2021-Q3MitigatedAnnual report
「The computer and digital equipment industry, which is closely related to our group's business, was also affected by COVID-19. However, the suspension of business activities by consumer electronics retailers and others has ended, and trade shows through corporate channels have resumed.」
Restrictions including COVID-19-related store closures, voluntary suspension of operations and cancelled trade shows eased, with progress in ending voluntary suspensions of operations and reopening trade shows. - FY2021-Q2MitigatedAnnual report
「The computer and digital equipment industry, which is closely related to our group's business, was also affected by COVID-19. However, the suspension of business activities by consumer electronics retailers and others has ended, and trade shows through corporate channels are gradually resuming.」
Regarding COVID-19-related restrictions including store closures, voluntary suspension of operations and cancelled trade shows, the company described the lifting of voluntary suspensions of operations and progress in reopening trade shows. - FY2021-Q1RestatedAnnual report
「In the PC and digital equipment industry, which is closely related to the Group's business, COVID-19 led to repeated store closures and voluntary suspensions of operations at mass retailers and other outlets, while in the corporate channel trade shows were cancelled and sales distributors voluntarily suspended operations. At the same time, demand for PC-related equipment was increasing as teleworking became more widespread.」
The company continues to describe COVID-19 impacts including store closures, voluntary suspension of operations, cancelled trade shows and voluntary suspension of operations by sales distributors. The main text uses the wording "voluntary suspension of operations, etc." - FY2020First statedAnnual report
「The spread of COVID-19 resulted in repeated store closures and voluntary suspensions of operations at mass retailers and other outlets, the Group's main sales channels. In the B2B business, which the Group is focusing on, the cancellation of trade shows and voluntary suspension of operations by sales distributors also affected the Group's sales activities.」
The company first described separately the specific business impacts of the previously identified infectious-disease risk, including COVID-19-related store closures, voluntary suspension of operations by sales distributors, cancelled trade shows and procurement disruptions.