Impact of COVID-19 on Business, Supply and Demand
First written in FY2020. 7 of 17 entries say "Worsened", first in FY2021-Q2. Latest entry: FY2025.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2025DroppedAnnual report
「During the fiscal year under review, the Japanese economy remained on a gradual recovery trend, supported by improvements in employment and income conditions and growing inbound demand.」
The impact of COVID-19 on operations, supply and demand was not separately disclosed as a business risk for the fiscal year under review. The domestic economy was described as being on a recovery trend, including growth in inbound demand. - FY2024Recovery following the Category 5 reclassification and delayed contribution from new businesses coexistAnnual report
「Economic and social activity has been normalizing and showing signs of recovery following the reclassification of COVID-19 as a Class 5 infectious disease. However, the outlook for economic conditions remains uncertain due to higher prices for imported goods and food caused by the weaker yen, as well as rising labor costs.」
It explains that social and economic activity has normalised and recovered following the reclassification of COVID-19 as a Category 5 infectious disease, while yen depreciation, prices and rising labour costs remain, and uncertainty surrounding the business environment continues. - FY2024-Q3Domestic recovery following the reclassification of COVID-19 coexisting with higher costs and a delayed recovery in regional areasAnnual report
「The Japanese economy showed signs of recovery in May, particularly in the food and beverage service and tourism industries, following the reclassification of COVID-19 as a Category 5 infectious disease. However, the outlook has become increasingly uncertain as rising prices, the trend toward yen depreciation and the delayed recovery in regional economies have compounded one another.」
It states that, following the reclassification of COVID-19 as a Category 5 infectious disease, the domestic economy has shown signs of recovery, particularly in the food and beverage service and tourism industries, while high prices, yen depreciation and the delayed recovery in regional economies remain. - FY2024-Q1Recovery in domestic economic activity following the reclassification of COVID-19 as a Class 5 diseaseAnnual report
「In Japan, economic activity showed signs of recovery after COVID-19 was reclassified as a Class 5 infectious disease in May, but uncertainty continued due to global economic trends and rising costs affected by the weaker yen.」
The company explains that domestic economic activity showed signs of recovery following the reclassification of the novel coronavirus as a Class 5 disease, although the effects of higher costs caused by the weaker yen and other factors remain. - FY2023The impact of infectious diseases continues, but domestic recovery is emerging as global restrictions are easedAnnual report
「Japan's economy was strongly affected by global economic trends and the yen weakened, while it was also strongly affected by higher prices for imported goods and food, disruptions in the supply of semiconductor-related components, higher costs, and rising prices accompanying higher crude oil prices and the weaker yen. The economy remained in a downturn, but as COVID-19 measures were eased worldwide in 2023, the decline began to bottom out and the economy began to show signs of recovery.」
The company states that although the effects of the COVID-19 pandemic, disrupted component supplies and higher costs have continued, measures were eased worldwide from 2023, and the domestic economy began to bottom out and show signs of recovery. - FY2023-Q3WorsenedAnnual report
「Against this backdrop, the eighth wave of novel coronavirus infections and difficulties procuring components caused business to languish in October and November in the third quarter. Revenue increased in December due to the introduction of large-format displays and other factors, and overall conditions showed signs of recovery.」
The eighth wave of novel coronavirus infections actually emerged as a factor behind sluggish earnings in October and November. Meanwhile, revenue increased in December due to the introduction of large-format displays, and the company states that overall conditions showed signs of recovery. - FY2023-Q2RestatedAnnual report
「In Japan, consumer sentiment weakened as novel coronavirus infections resurged, compounded by the global economic downturn, shortages of raw materials and higher costs for components such as semiconductors, higher crude oil prices, and rising prices accompanying the weaker yen.」
The company continues to disclose the impact on domestic consumption conditions of the resurgence of novel coronavirus infections, shortages of raw materials, higher costs and rising prices. - FY2023-Q1WorsenedAnnual report
「During the first quarter of the current consolidated fiscal year, the global economy entered a downturn and uncertainty increased due to soaring energy and food prices resulting from Russia's invasion of Ukraine, the additional impact of lockdowns in major Chinese cities caused by the spread of the novel coronavirus, and global shortages of components such as semiconductors and soaring resource prices.」
The company states that lockdowns in major Chinese cities related to the novel coronavirus affected the global economy, compounding component shortages and soaring resource prices. - FY2022RestatedAnnual report
「The novel coronavirus is spreading worldwide, and if the spread of infections continues, sales activities could be disrupted by production sites, logistics systems, stagnation in economic activity and a decline in personal consumption, potentially affecting the performance of the company group.」
The company continues to identify the novel coronavirus as a major risk that could affect earnings through production, logistics, economic activity and personal consumption. - FY2022-Q3WorsenedAnnual report
「Due to the spread of the Omicron variant, tourism businesses such as small and medium-sized food-service establishments, travel agencies, hotels and inns continued to experience delayed earnings recovery, as inbound demand failed to return amid moves to voluntarily suspend operations.」
The spread of the Omicron variant led to voluntary suspensions of operations, while the failure of inbound demand to recover and delayed recovery in small and medium-sized food-service establishments, travel and hotel and tourism businesses continued. - FY2022-Q2RestatedAnnual report
「The declaration of a state of emergency in response to the fifth wave of novel coronavirus infections delayed the recovery of economic activity nationwide, and small and medium-sized food-service businesses, hotels and tourism-related industries continued to languish.」
The company states that, regarding the novel coronavirus, the fifth wave and the state of emergency delayed the recovery of the domestic economy, while weakness in small and medium-sized food-service businesses, hotels and tourism continued. - FY2022-Q1WorsenedAnnual report
「Japan's economy was also in an extremely difficult situation as the resurgence of novel coronavirus infections spread rapidly due to variant viruses, causing supply-chain disruptions due to difficulties in semiconductor supplies. Although the food-service market was beginning to recover, repeated extensions of the state of emergency continued to weigh on conditions.」
The company cites the resurgence of infections due to variant viruses, difficulties in semiconductor supplies and supply-chain disruptions, and extensions of the state of emergency, stating that the impact of the COVID-19 pandemic on the business environment has continued and become more pronounced. - FY2021WorsenedAnnual report
「Economic activity was substantially restricted by voluntary suspension of operations at the small and medium-sized food-service establishments that make up the company's core market and by the cancellation of various events. In addition, the suspension of exchanges with foreign countries led to a 99.9% decline in inbound visitors, while tourism businesses such as travel agencies, hotels and inns performed extremely poorly, delaying the recovery in earnings.」
Restrictions on activities at small and medium-sized restaurants and events continued amid the resurgence of infections and the declaration of a state of emergency, while the 99.9% decline in inbound visitors and weakness in tourism continued to delay the recovery. - FY2021-Q3WorsenedAnnual report
「In Japan, domestic economic activity began to contract again as novel coronavirus infections resurged, and economic trends took on a K-shaped pattern. While IT-related companies reported higher revenue, restrictions on operations at small and medium-sized food-service establishments and the suspension of exchanges with foreign countries led to a 99.9% decline in inbound visitors, while travel, tourism including hotels and inns, department stores and retailers performed extremely poorly.」
The company states that the impact of the novel coronavirus has continued and become more pronounced, including renewed contraction in domestic economic activity, a 99.9% decline in inbound visitors, and severe weakness in tourism, hotels and retail. - FY2021-Q2WorsenedAnnual report
「During the second quarter of the current consolidated fiscal year, the second wave of novel coronavirus infections spread to Western countries, Brazil, India and countries in the Southern Hemisphere. With more than 40 million infections worldwide, the global economy and social conditions remained unsettled.」
Regarding the novel coronavirus, the company disclosed the spread of the second wave of infections and more than 40 million cases worldwide, with the impact on the business environment continuing and expanding. - FY2021-Q1MaterialisedAnnual report
「In Japan, the declaration of a state of emergency on 7 April 2020 imposed major restrictions on economic activity, including school closures, the closure of restaurants and bars, and the cancellation of various events. The suspension of exchanges with foreign countries also reduced inbound visitors by 99.9%, severely affecting the travel industry, tourism businesses such as hotels and traditional inns, department stores and retailers.」
Regarding the novel coronavirus, which was disclosed as an independent risk in the previous fiscal year, the company states that actual impacts occurred in the form of restrictions on economic activity, a 99.9% decline in inbound visitors, and severe weakness in tourism, retail and other sectors. - FY2020First statedAnnual report
「The novel coronavirus is spreading worldwide, and if the spread of infections continues, sales activities could be disrupted by production sites, logistics systems, stagnation in economic activity and a decline in personal consumption, potentially affecting the performance of the company group.」
The company has explicitly identified the novel coronavirus as an independent business risk for the first time. The text states that actual impacts have occurred, including difficulties procuring components produced in China, lower hotel occupancy and booking rates, and reduced inbound demand.