Economic stagnation and declining demand caused by the spread of COVID-19
First written in FY2020. 7 of 13 entries say "Restated". Latest entry: FY2024-Q3.
Toa moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
37 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「In Japan, social and economic activity is returning to normal, including the reclassification of COVID-19 under the Infectious Diseases Control Law to Category 5, and the economy is gradually recovering, supported by the recovery in inbound demand and stronger appetite for capital investment.」
The reclassification of COVID-19 and the normalization of social and economic activity continue to be disclosed, and the risk of economic stagnation from the spread of infection has been reconfirmed as less pronounced than before. - FY2024-Q2SoftenedAnnual report
「In Japan, social and economic activity is returning to normal, including the reclassification of COVID-19 under the Infectious Diseases Control Law to Category 5, and the economy is gradually recovering, supported by the recovery in inbound demand and stronger appetite for capital investment.」
The reclassification of COVID-19 under the Infectious Diseases Control Law and the normalization of social and economic activity continue to be disclosed, while references to the risk of economic stagnation from the spread of infection have become less pronounced. - FY2024-Q1SoftenedAnnual report
「In Japan, social and economic activity is returning to normal, including the reclassification of COVID-19 under the Infectious Diseases Control Law to Category 5, and the economy is gradually recovering, supported by the recovery in inbound demand and stronger appetite for capital investment.」
The reclassification of COVID-19 under the Infectious Diseases Control Law and the normalization of social and economic activity were disclosed, while references to the risk of economic stagnation from the spread of infection have become less pronounced. - FY2023-Q3RestatedAnnual report
「During the nine months ended the third quarter of the current consolidated fiscal year, there were no material changes in the occurrence of the major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters concerning the business situation, financial position and other matters stated in the quarterly report, or in the “Business and Other Risks (including risks associated with the spread of infectious diseases such as COVID-19)” stated in the annual securities report for the previous fiscal year.」
The disclosure continues to state that there are no material changes in the major risks, including those related to infectious diseases. - FY2023-Q2RestatedAnnual report
「During the six months ended the second quarter of the current consolidated fiscal year, there were no material changes in the occurrence of the major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters concerning the business situation, financial position and other matters stated in the quarterly report, or in the “Business and Other Risks (including risks associated with the spread of infectious diseases such as COVID-19)” stated in the annual securities report for the previous fiscal year.」
The disclosure states that there are no material changes in risks related to infectious diseases. - FY2023-Q1RestatedAnnual report
「During the three months ended the first quarter of the current consolidated fiscal year, there were no material changes in the occurrence of the major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters concerning the business situation, financial position and other matters stated in the quarterly report, or in the “Business and Other Risks (including risks associated with the spread of infectious diseases such as COVID-19)” stated in the annual securities report for the previous fiscal year.」
Although the renewed spread of COVID-19 and restrictions on economic activity in some regions continue, the disclosure states that there are no material changes in business and other risks. - FY2022RestatedAnnual report
「We believe that the impact on the performance of our group from stagnating economic activity following the worldwide spread of COVID-19 is unavoidable.」
The stagnation of economic activity due to the spread of COVID-19 and the potential impact on performance remain ongoing. - FY2022-Q2RestatedAnnual report
「The business environment surrounding our group during the six months ended the second quarter of the current consolidated fiscal year remained challenging due to the spread of COVID-19, with recovery delayed as lockdowns and restrictions on economic activity continued intermittently in some regions. However, in many regions, restrictions on movement have been eased as vaccination rates have risen, and the recovery trend continues.」
While restrictions on economic activity and delayed recovery due to the spread of COVID-19 continue, many regions are also showing regulatory easing and a recovery trend. The disclosure states that there are no material changes in business and other risks, indicating that the risks themselves remain in place. - FY2022-Q1RestatedAnnual report
「Social and economic activity continues to be constrained by the renewed spread of infections, including outbreaks of variant viruses, and some weakness is evident.」
The impact of COVID-19 and the continued constraints on social and economic activity due to the renewed spread of infections remain in place. The section on business and other risks states that there are “no material changes.” - FY2021MaterialisedAnnual report
「However, owing to the impact of stagnating global economic activity, revenue for the current period was ¥40,575 million, down ¥4,493 million, or 10.0%, year on year.」
The impact of economic stagnation associated with the spread of COVID-19 has materialized in the full-year results as lower revenue and lower profit. - FY2021-Q2MaterialisedAnnual report
「However, as the group as a whole was affected by the spread of COVID-19, revenue for the six months ended the second quarter of the current consolidated fiscal year was ¥8,460 million, down ¥619 million, or 6.8%, year on year.」
The impact of the spread of COVID-19 was reflected in results for the six months ended the second quarter, with revenue of ¥17,666 million, an operating loss of ¥32 million and a net loss attributable to owners of the parent for the quarter of ¥155 million. - FY2021-Q1MaterialisedAnnual report
「However, the Group as a whole was affected by the spread of COVID-19, and revenue for the three months ended the first quarter of the current fiscal year was ¥8,460 million, down ¥619 million, or 6.8%, year on year. Selling, general and administrative expenses decreased, but operating loss was ¥286 million, down ¥490 million year on year; ordinary loss was ¥313 million, down ¥570 million; and net loss attributable to owners of the parent was ¥378 million, down ¥409 million.」
The impact of the spread of COVID-19 has materialized in the performance of the group as a whole, appearing as lower revenue, an operating loss, an ordinary loss and a net loss attributable to owners of the parent for the quarter. - FY2020MaterialisedAnnual report
「As COVID-19 continues to spread worldwide, we believe that the impact of stagnating global economic activity on the performance of our group is unavoidable.」
The impact of the spread of COVID-19 began to emerge, and the risk of stagnation in domestic and overseas economic activity and declining sales in the commercial, lodging and factory markets and various overseas regions was disclosed for the first time as a standalone item.