The Spread of COVID-19 and Downside Economic Risk
First written in FY2020-Q3. 4 of 12 entries say "Worsened", first in FY2021-Q2. Latest entry: FY2024-Q1.
The whole theme swung hardest in 2020: 110 of 173 companies on the "Worse" side.
55 other companies' latest entry also says "Mitigated".
- FY2024-Q1MitigatedAnnual report
「During the first three months of the fiscal year, economic conditions in Japan improved gradually as economic activity normalized following the reclassification of COVID-19 under the Infectious Diseases Control Law as a Category 5 disease and production activity recovered as semiconductor supply constraints eased.」
The company states that the reclassification of COVID-19 as a Category 5 disease has advanced the normalization of economic activity, easing the direct economic constraints caused by the pandemic. - FY2023MitigatedAnnual report
「COVID-19 is moving toward containment, but if a serious infectious disease outbreak or similar event occurs in the future, it could affect the business results and financial position of our group. In such a case, we will give the highest priority to the safety and health of our employees and work to implement thorough infection-control measures.」
The company states that COVID-19 is moving toward containment. While the previous direct downside risk has weakened, it retains a general risk related to future infectious diseases and infection-control measures. - FY2023-Q3MitigatedAnnual report
「The easing of restrictions on activities related to COVID-19 advanced the normalization of economic activity, but exports and production remained sluggish due to a slowdown in the global economy.」
The easing of restrictions on activities reduced the direct constraints on economic activity from COVID-19. However, the impact of the global economic slowdown remains. - FY2023-Q1WorsenedAnnual report
「During the first three months of the fiscal year, economic activity in Japan saw the pace of recovery in consumer activity slow due to a resurgence of COVID-19 infections,」
The company states that the pace of recovery in consumer activity slowed due to a resurgence of COVID-19 infections. The economic downside risk from the pandemic has continued and worsened. - FY2022-Q3WorsenedAnnual report
「During the first nine months of the fiscal year, the business sentiment that had been recovering in Japan turned downward due to the rapid spread of COVID-19 from new variants and the resulting restrictions on activity.」
The rapid spread of infection from new variants and restrictions on activity are described as having worsened business sentiment, strengthening the downside economic risk from the pandemic. - FY2022-Q2WorsenedAnnual report
「During the first six months of the fiscal year, economic activity in Japan showed signs of recovery as COVID-19 vaccinations progressed and consumer activity began to recover. However, concerns about a resurgence of infections have spread following the emergence of new variants.」
The company states that, while vaccinations and consumer activity are recovering, concerns about a resurgence of infections have spread following the emergence of new variants. - FY2022-Q1RestatedAnnual report
「During the first three months of the fiscal year, economic conditions in Japan remained difficult, particularly in consumer activity, due to the spread of COVID-19.」
The company continues to describe the impact of the spread of COVID-19 on consumer activity and the difficult economic conditions. - FY2021-Q3RestatedAnnual report
「During the first nine months of the fiscal year, economic activity in Japan, which had stagnated due to the spread of COVID-19, recovered, particularly in manufacturing. However, concerns about consumer activity due to a resurgence of infections have not been dispelled, and uncertainty over the outlook remains.」
While economic activity, particularly in manufacturing, is recovering, concerns about consumer activity due to a resurgence of infections and uncertainty over the outlook continue. - FY2021-Q2WorsenedAnnual report
「During the first six months of the fiscal year, economic activity in Japan, which had stagnated due to the spread of COVID-19, showed signs of recovery. However, concerns about consumer activity due to a resurgence of infections have been spreading, and uncertainty over the outlook remains.」
The company states that, while economic activity is showing signs of recovery, concerns about consumer activity due to a resurgence of infections are spreading and uncertainty over the outlook continues. - FY2021-Q1RestatedAnnual report
「The US and European economies are on a recovery trend, but with COVID-19 still spreading, the recovery is expected to be slow and prolonged.」
The company continues to describe the risk of an economic downturn caused by the pandemic, as COVID-19 continues to spread and the economic recovery is expected to be slower and more prolonged. - FY2020MaterialisedAnnual report
「In the automotive industry, demand for automotive electrical components fell sharply from April onward as the spread of COVID-19 led to factory shutdowns and other impacts in countries around the world.」
The spread of COVID-19 has materialized in the form of automotive factory shutdowns in countries around the world and a significant downturn in demand for automotive electrical components. - FY2020-Q3First statedAnnual report
「The spread of COVID-19 has rapidly increased downside economic risk. Overseas, the economic downturn caused by COVID-19 has spread and intensified across countries. The timing of containment remains unforeseeable, and uncertainty over the outlook has increased further.」
The company describes the spread of COVID-19, the transmission of the economic downturn to countries around the world, and the difficulty of forecasting when the outbreak will be contained as new risks to its business and the economy.