Impact on Economic Activity and Business Performance from the Spread of COVID-19
First written in FY2021-Q1. 3 of 9 entries say "Restated". Latest entry: FY2025.
Anritsu moved to the "Worse" side of this theme in 2025, 5 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 114 of 180 companies on the "Worse" side.
15 other companies' latest entry also says "Reframed".
- FY2025ReframedAnnual report
「If a large-scale infectious disease outbreak occurs, the Group will give top priority to ensuring employee safety and preventing infections inside and outside the Group.」
The disclosure has been reorganized from one specifically naming COVID-19 to one addressing business continuity and infection-control risks associated with large-scale infectious disease outbreaks in general. - FY2023-Q3RestatedAnnual report
「Uncertainty in social and economic conditions due to the spread of COVID-19 continues. Depending on the future spread of COVID-19 and when it subsides, the stagnation of economic activity could be prolonged further and affect the business performance of the Group.」
The disclosure continues to describe uncertainty in social and economic conditions due to the spread of COVID-19 and the potential impact on business performance. - FY2023-Q2RestatedAnnual report
「Regarding COVID-19, uncertainty over the outlook continues, including the renewed spread of infections driven by new variants.」
The Company reaffirmed its view that the renewed spread of infections driven by new variants and uncertainty over the outlook continue. - FY2022WorsenedAnnual report
「Regarding COVID-19, uncertainty over the outlook continues, including urban lockdowns associated with the renewed spread of infections driven by new variants.」
The disclosure cites the renewed spread of infections driven by new variants, urban lockdowns and customer caution toward capital investment, indicating that uncertainty surrounding pandemic risk continued. - FY2022-Q3WorsenedAnnual report
「Regarding COVID-19, uncertainty over the outlook continues, including the renewed spread of infections driven by new variants.」
Compared with the previous expectation of declining new infections and the normalization of economic activity, the disclosure describes a renewed spread of infections driven by new variants and continuing uncertainty over the outlook. - FY2022-Q2MitigatedAnnual report
「Regarding COVID-19, the number of new infections has declined as vaccination rates have risen, and economic activity is expected to normalize.」
Regarding COVID-19, the disclosure describes a decline in new infections and expectations for the normalization of economic activity, adding an element of improvement to the previously one-sided uncertainty in the outlook. - FY2021-Q3RestatedAnnual report
「In the PQA business, investment in automation of processed-food production lines is progressing, and demand for automation of quality assurance processes, including foreign-material detection using X-rays and packaging quality inspections, is expected to continue growing. However, some customers have continued to adopt a cautious stance toward capital investment due to the spread of COVID-19.」
The disclosure states that some PQA customers have continued to be cautious about capital investment due to the spread of COVID-19. - FY2021-Q2MaterialisedAnnual report
「In the PQA business, investment in automation of processed-food production lines is progressing, and demand for automation of quality assurance processes, including foreign-material detection using X-rays and packaging quality inspections, is expected to continue growing. In the short term, however, some customers adopted a cautious stance toward capital investment due to the spread of COVID-19.」
The impact of the spread of COVID-19 on economic activity materialized as greater caution toward capital investment among PQA customers and lower revenue in the business. - FY2021-Q1First statedAnnual report
「Uncertainty in social and economic conditions due to the spread of COVID-19 continues. Depending on the future spread of COVID-19 and when it subsides, the stagnation of economic activity could be prolonged further and affect the business performance of the Group. This impact primarily relates to impairment of non-financial assets and the recoverability of deferred tax assets among accounting estimates, but no material changes have been made to the assumptions underlying the accounting estimates made at the end of the previous fiscal year. However, these estimates contain uncertainties, and changes in estimates due to unpredictable changes in assumptions and other factors could affect the Group's future financial position and operating results.」
The prolonged stagnation of economic activity and potential impact on business performance due to the spread of COVID-19 were described separately for the first time. The disclosure indicates links to impairment of non-financial assets and the recoverability of deferred tax assets, as well as the related uncertainty, while stating that there were no material changes to the assumptions underlying the estimates at the end of the previous fiscal year.