Uncertainty over the Global Economic Outlook Due to the Spread of COVID-19
First written in FY2020. 3 of 8 entries say "Restated". Latest entry: FY2023-Q1.
The whole theme swung hardest in 2020: 112 of 175 companies on the "Worse" side.
35 other companies' latest entry also says "Restated".
- FY2023-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, the global economy showed signs of recovery in some countries, but, due to the impact of COVID-19, a full-scale recovery was still expected to take time.」
The Company states that the impact of COVID-19 continues and that a full-scale recovery in the global economy will take time. - FY2022RestatedAnnual report
「During the fiscal year, economic conditions showed signs of recovery in various countries, but the global economy remained affected by the renewed spread of COVID-19 and was still in a situation where a full-scale recovery would take time.」
The Company notes both the recovery in economic conditions and the delay in a full-scale recovery caused by the renewed spread of COVID-19, stating that the risk from the disease continues. - FY2022-Q3MitigatedAnnual report
「During the third quarter cumulative consolidated period, although economic conditions showed signs of recovery, the global economy remained affected by the spread of COVID-19 and was in a situation where a full-scale recovery would take time.」
The Company states that economic conditions showed signs of recovery, describing some improvement from the previous quarter, when concerns about a renewed spread of infections prevailed. At the same time, it states that the impact of COVID-19 continued and that a full-scale recovery would take time. - FY2022-Q2WorsenedAnnual report
「During the second quarter cumulative consolidated period, economic conditions showed signs of recovery in Europe, the United States, China and elsewhere, but the end of COVID-19 remained unforeseeable and uncertainty about the outlook continued. In Japan, manufacturing remained firm, but signs of a renewed spread of infections caused by variants emerged, and concerns about the impact on economic activity continued.」
While noting the recovery in economic conditions in Europe, the United States and China, the Company explicitly states that the end of COVID-19 remains unforeseeable, with signs of a renewed spread caused by variants and concerns about the impact on economic activity. - FY2022-Q1RestatedAnnual report
「During the first quarter cumulative consolidated period, the global economy showed signs of recovery in some regions while remaining affected by COVID-19. In Japan, although the manufacturing sector showed signs of recovery, a reissued state of emergency was spreading nationwide, and uncertainty about the outlook continued, including concerns about the impact on future economic activity.」
The Company states that, while the impact of COVID-19 continued, some regions showed signs of recovery, with recovery and uncertainty about the outlook existing concurrently. - FY2021-Q3MitigatedAnnual report
「During the current third-quarter consolidated cumulative period, economic activity, which had stagnated due to the impact of COVID-19, gradually resumed and showed signs of recovery. However, uncertainty over the outlook remains due to concerns about a resurgence of infections and the prolonged US-China trade friction.」
The Company states that economic activity, which had stagnated because of COVID-19, gradually resumed and showed signs of recovery, indicating that some of the impact had eased from the previous fiscal year. However, concerns about a renewed spread of infections remain. - FY2021-Q1MaterialisedAnnual report
「During the first quarter cumulative consolidated period, the global economy shifted into a sharp slowdown as economic activity stagnated due to the spread of COVID-19, in addition to the impact of US-China trade friction. Production activity in the semiconductor and automotive industries, the Group's principal supply destinations, was also significantly affected, and some of the Group's production sites temporarily suspended operations or reduced production.」
Regarding COVID-19, which first appeared as a risk in the previous fiscal year, the Company states that a sharp slowdown in the global economy, impacts on production activity in major customer industries, and temporary shutdowns and production cuts at its own sites have actually occurred. - FY2020First statedAnnual report
「The business environment surrounding the Group carries risks stemming from the uncertain global economic outlook, including the spread of COVID-19, the slowdown in the Chinese economy and US-China trade friction.」
For the first time, the spread of COVID-19 is explicitly identified as one of the risks contributing to an uncertain global economic outlook.