Business Impact of the COVID-19 Pandemic
First written in FY2020. 4 of 14 entries say "Restated". Latest entry: FY2025.
Twinbird 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 2025: 5 of 16 companies on the "Worse" side.
10 other companies' latest entry also says "Dropped".
- FY2025DroppedAnnual reportThis filing does not directly identify the spread of the novel coronavirus as a standalone business-impact theme. In risks such as natural disasters, infectious diseases remain as a general factor.
- FY2024RestatedAnnual report
「Following the reclassification of the novel coronavirus disease as a Category V infectious disease, economic activity continued to normalize, and the economy was on a gradual recovery trend, supported by the recovery in inbound demand and other factors. However, the outlook remains uncertain, as higher energy resource prices and rising prices caused by the yen's depreciation are expected to heighten consumers' focus on protecting their livelihoods.」
Although direct restrictions on economic activity caused by the infectious disease were said to have eased as normalization progressed, uncertainty related to energy prices, the weaker yen and rising prices continues. - FY2024-Q3Continued normalization and uncertainty from rising pricesAnnual report
「During the third quarter cumulative period, economic activity in Japan continued to normalize following the reclassification of the novel coronavirus disease as a Category V infectious disease, and the economy was on a gradual recovery trend, supported by the recovery in inbound demand and other factors. However, the outlook remains uncertain, as higher energy resource prices and rising prices caused by the yen's depreciation are expected to heighten consumers' focus on protecting their livelihoods.」
While economic activity continued to normalize following the reclassification as a Category V infectious disease, it also notes consumers' heightened focus on protecting their livelihoods amid higher energy prices and rising prices, as well as continued uncertainty about the outlook. - FY2024-Q1Transition to Category 5 and normalization of economic activityAnnual report
「During the first quarter cumulative period, economic activity in Japan continued to normalize following the reclassification of the novel coronavirus disease as a Category V infectious disease, and the economy was on a gradual recovery trend, supported by the recovery in inbound demand and other factors.」
The description changed to state that economic activity had normalized further following the reclassification of the novel coronavirus disease as a Category V infectious disease. Separately, the impact of factors such as weaker consumer sentiment continues. - FY2023-Q3Progress toward normalization of economic activity and continued impactAnnual report
「During the third quarter cumulative consolidated period, economic and social activity in Japan continued to normalize from the COVID-19 pandemic, but substantial changes in the external environment persisted, including the prolonged situation in Ukraine, soaring raw material and energy prices, and mounting inflationary pressure caused by the sharp depreciation of the yen.」
While economic and social activity continued to normalize from the COVID-19 pandemic, fluctuations in the external environment, including higher raw material and energy prices and the weaker yen, persisted even in the post-infectious-disease environment. - FY2023-Q2Renewed spread of infections and continued impactAnnual report
「During the cumulative second quarter of the current fiscal year, Japan's economy continued to face severe changes in the external environment, including intensifying inflationary pressure from the prolonged situation in Ukraine, soaring raw material and energy prices, and a sharp depreciation of the yen, amid a renewed spread of COVID-19 infections.」
It refers to a renewed spread of novel coronavirus infections while also noting signs of recovery driven by the return of foot traffic. The impact of the infectious disease continues. - FY2023-Q1Continued impact and expectations for normalizationAnnual report
「During the first quarter cumulative consolidated period, although the Japanese economy continued to be significantly affected by the novel coronavirus disease, restrictions on movement under priority preventive measures were lifted, and economic activity was expected to move toward normalization.」
While stating that the impact of the infectious disease remained significant, it also notes the lifting of movement restrictions and expectations for the normalization of economic activity. - FY2022-Q3RestatedAnnual report
「The number of infections had been declining as vaccination rates improved, but the emergence of new variants has made future developments difficult to predict.」
It continues to recognize that, although infections have declined, new variants have emerged and future developments are difficult to predict. - FY2022-Q1RestatedAnnual report
「Although the global economy is expected to recover as vaccines become widely available, new variants of the virus have continued to emerge, and the outlook remains uncertain.」
It states that the economy is expected to recover as vaccines become widely available, while new variants continue to emerge and the outlook remains uncertain. - FY2021RestatedAnnual report
「The impact of the novel coronavirus disease remains significant, with no signs of subsiding. If the situation persists or the infection spreads further, it could adversely affect the Group's operating results and financial condition.」
The risk of a prolonged or renewed spread of the novel coronavirus disease continues to be disclosed. Its effects on mass retailers, demand for commercial consumer electronics, manufacturing in China and the supply chain have also materialized during the current fiscal year. - FY2021-Q3MaterialisedAnnual report
「In the commercial consumer electronics market for hotels and hospitals, demand recovery has been delayed due to the significant impact of the spread of the novel coronavirus.」
The impact of the spread of the novel coronavirus continues to materialize as delayed demand recovery for commercial consumer electronics for hotels and hospitals. Although the consumer electronics retail market recovered in the second quarter, overall net sales declined 5.7% year on year. - FY2021-Q2MaterialisedAnnual report
「In the commercial consumer electronics market for hotels and hospitals, demand recovery has been delayed due to the significant impact of the spread of the novel coronavirus.」
The impact of the spread of the novel coronavirus has materialized as delayed demand recovery for commercial consumer electronics for hotels and hospitals. It also explains that the consumer electronics retail market began recovering in the second quarter, while stay-at-home demand expanded the points-services and e-commerce markets. - FY2021-Q1MaterialisedAnnual report
「The Group's net sales for the first quarter cumulative consolidated period were ¥2,315 million, a year-on-year decrease of ¥310 million, or 11.8%. In the consumer electronics retail market, some mass retailers temporarily closed certain stores during part of the first quarter consolidated accounting period in response to the declaration of a state of emergency issued amid the spread of the novel coronavirus.」
It states that some mass retailers closed stores and customer traffic declined amid the spread of the novel coronavirus, resulting in first-quarter net sales 11.8% below the same period of the previous year. - FY2020First statedAnnual report
「The novel coronavirus disease that emerged at the beginning of the year has shown no signs of subsiding. Within the Group, sales opportunities have declined in some cases due to the temporary closure of certain mass retailers, while sales opportunities through e-commerce sites and other channels have increased as stay-at-home demand has grown. We will continue to supply products flexibly to customers through sales channels suited to conditions as they evolve.」
It states that infectious diseases have reduced sales opportunities at mass retailers and caused delays in product manufacturing in China, while stay-at-home demand has increased e-commerce sales opportunities.