Risk of Declining Economic Activity and Demand Due to the Spread of COVID-19
First written in FY2021-Q1. 7 of 12 entries say "Restated". Latest entry: FY2025.
Japan Electronic Materials moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 112 of 175 companies on the "Worse" side.
14 other companies' latest entry also says "Reframed".
- FY2025ReframedAnnual report
「During the spread of COVID-19, our Group promoted infection-prevention measures to protect the safety of customers, business partners, employees and their families, prevent infections and their spread, and ensure business continuity. We are also implementing risk management measures in preparation for disasters and other events.」
The risk description has been reorganized from a focus on COVID-19 to risks associated with “abnormal situations” generally, including pandemics and disasters such as earthquakes and fires. - FY2023-Q3RestatedAnnual report
「Overseas economies also experienced a broad-based slowdown in growth due to the renewed spread of infections in China and the impact of global price increases, among other factors.」
The impact of the renewed spread of COVID-19 in China on overseas economies continues to be described. At the same time, signs of recovery resulting from the easing of restrictions on activities in Japan are also noted. - FY2023-Q2RestatedAnnual report
「Overseas economies also experienced a widespread slowdown in growth due to the prolonged situation in Ukraine, the continuing impact of COVID-19 and rising inflation, among other factors.」
The impact of COVID-19 on the economy continues to be described. At the same time, signs of normalization in social and economic activity resulting from the easing of restrictions on activities in Japan are also noted. - FY2023-Q1Easing of restrictions on activities and concerns over the renewed spread of variantsAnnual report
「During the cumulative first quarter consolidated period, Japan saw signs of normalization in social and economic activity as various restrictions related to COVID-19 were eased. However, the outlook for the economy remained uncertain due to volatility in financial and capital markets, rising energy and raw material prices, supply-side constraints caused by semiconductor shortages and other factors, and concerns over a renewed spread of infections caused by new COVID-19 variants.」
While signs of normalization resulting from the easing of restrictions on activities were indicated, concerns over a renewed spread of infections caused by new variants were explicitly identified, showing that the impact of COVID-19 is continuing. - FY2022RestatedAnnual report
「During the fiscal year, the difficult situation caused by COVID-19 continued in Japan, while the recovery stalled, with weakness emerging in some areas.」
The impact of COVID-19 on economic activity continues to be described. - FY2022-Q3MitigatedAnnual report
「During the cumulative third quarter consolidated period, as the difficult situation caused by COVID-19 gradually eased, some areas of the Japanese economy began to show signs of recovery.」
The impact of COVID-19 on the economy continues to be recognized, but the description changed to state that the difficult situation was gradually easing and that some areas were showing signs of recovery. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter consolidated period, the Japanese economy showed some signs of recovery, but recovery tended to be delayed due to COVID-19 and the impact of semiconductor shortages on production. Overseas economies also remained difficult, although they showed signs of improvement, particularly in the United States.」
The impact of COVID-19 on economic activity continues to be described. Signs of recovery in parts of the domestic economy and improvement in overseas economies, particularly in the United States, are also noted. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, Japan’s economy remained in a severe condition due to the impact of COVID-19, although some signs of recovery were seen. Overseas economies were also in a severe condition, but showed signs of improvement, led by the US and China.」
It is stated that the impact of COVID-19 on the domestic economy continues to be felt. At the same time, overseas economies, particularly those of the United States and China, are described as showing signs of improvement. - FY2021RestatedAnnual report
「During the fiscal year, the Japanese economy remained in a difficult situation due to the resurgence of COVID-19, although improvement continued in areas such as capital investment. Overseas economies were also in a difficult situation due to the same impact, although the United States, China and other countries showed signs of recovery.」
The impact of the resurgence of COVID-19 on domestic and overseas economies continues to be described. At the same time, signs of recovery in the United States, China and other countries are also noted. - FY2021-Q3WorsenedAnnual report
「During the cumulative third quarter consolidated period, the Japanese economy remained in a difficult situation due to the resurgence of COVID-19, although some areas, including capital investment, showed signs of recovery.」
The resurgence of COVID-19 was explicitly identified, and the domestic economy was described as remaining in a difficult situation. The outlook for overseas economies was also described as uncertain due to the same impact. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter consolidated period, the Japanese economy remained in a difficult situation due to the spread of COVID-19, although some economic activity showed signs of recovery. Overseas economies also remained uncertain due to the same impact.」
Although some economic activity showed signs of recovery from the impact of the spread of COVID-19, the domestic economy remained difficult and the outlook for overseas economies was also uncertain. Additional information stated that there had been no material changes in the assumptions, including the future spread of the disease and the timing of its containment. - FY2021-Q1MaterialisedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, Japan’s economy remained in a severe condition as economic activity was restricted by the spread of COVID-19, causing corporate earnings to deteriorate rapidly, among other effects. Although various policies were expected to help raise the level of social activity, the situation remained unpredictable, with the number of infections again trending upward. Overseas economies also remained in a severe condition due to similar effects, including declines in personal consumption and capital investment.」
Restrictions on economic activity, deterioration in corporate earnings, and declines in personal consumption and capital investment resulting from the spread of COVID-19 were described specifically for the first time, and it was explained that the impact on the economy had already emerged.