Suspension of Economic Activity and Deterioration in Business Performance Due to the Spread of COVID-19
First written in FY2021-Q1. 5 of 11 entries say "Mitigated", first in FY2022-Q1. Latest entry: FY2024-Q1.
The whole theme swung hardest in 2020: 112 of 175 companies on the "Worse" side.
56 other companies' latest entry also says "Mitigated".
- FY2024-Q1MitigatedAnnual report
「Economic conditions remained on a recovery trend as restrictions on activities associated with COVID-19 measures were eased and economic activity normalized.」
The company states that the easing of restrictions on activities associated with COVID-19 allowed economic activity to normalize, reducing the previous impact of halted economic activity and weak demand. - FY2023MitigatedAnnual report
「Although the global economy during the period was affected by surging resource prices associated with the prolonged situation in Ukraine and sharp foreign exchange fluctuations accompanying policy rate hikes in the US and Europe, economic conditions remained on a recovery trend as economic activity normalized following the easing of COVID-19 measures.」
The company states that the easing of pandemic measures and progress toward normalizing economic activity reduced the previous risks of halted economic activity and weak demand. Other external risks remained, however. - FY2023-Q3Economic normalization and China's lockdowns coexistedAnnual report
「During the cumulative third quarter under review, economic activity was returning to normal, mainly in the United States and Europe, while other regions also saw a gradual recovery. However, the economic environment remained uncertain due to automobile production cuts caused by semiconductor shortages, city lockdowns in China following the spread of COVID-19, soaring raw material and energy prices resulting from the prolonged situation in Ukraine, and sharp foreign-exchange movements caused by US policy rate hikes primarily aimed at curbing inflation.」
While economic activity was normalizing and the economy was recovering gradually, pandemic-related business environment risks persisted, including lockdowns in China, semiconductor shortages, and surging raw material and energy prices. - FY2023-Q2MitigatedAnnual report
「During the cumulative second quarter under review, the global economy remained generally firm, although some weakness was observed amid progress in reconciling COVID-19 countermeasures with economic activity around the world, due in part to surging resource prices resulting from the prolonged situation in Ukraine and other factors.」
The company states that progress was made in balancing measures against the pandemic with economic activity, easing the previous impact of halted economic activity. However, lockdowns and other effects remained in some regions. - FY2022-Q3The easing impact of the pandemic coexisted with concerns over the spread of variantsAnnual report
「During the cumulative third quarter under review, as the effects of COVID-19 eased, the economies of China and the United States continued to perform solidly, supported in part by strong corporate capital investment. In Japan, exports were trending higher against a backdrop of expanding demand accompanying the global economic recovery, and the economy as a whole moved toward recovery. Meanwhile, uncertainty continued due to the spread of new COVID-19 variants, the effects of tight semiconductor supply and demand, soaring raw material prices and higher logistics costs.」
While the pandemic's impact on the economy was described as easing and the overall economy as being on a recovery trend, the spread of variants continued to be cited as an uncertainty factor. - FY2022-Q2MitigatedAnnual report
「During the cumulative second-quarter period, as the impact of COVID-19 eased, economic conditions remained firm in China, partly because corporate capital investment was strong, while in the US the economic recovery became more pronounced as economic activity gradually resumed alongside progress in vaccinations and economic support measures.」
Although the pandemic continued to have an impact, its effects eased, and the company states that economic recovery was progressing in China, the US and elsewhere, supported by vaccinations and the resumption of economic activity. - FY2022-Q1MitigatedAnnual report
「The global economy during the cumulative first-quarter period was generally on a recovery trend due to the spread of COVID-19 vaccinations and economic policies implemented by governments.」
The company states that, despite the continuing impact of COVID-19 on economic activity, the global economy was generally on a recovery trend due to the spread of vaccinations and government economic policies. - FY2021Severe recession and recovery trends presented togetherAnnual report
「The global economy during the period fell into a severe recession due to the spread of COVID-19.」
While describing the severe recession caused by the pandemic, the company also stated that the US, Japan and Europe were recovering and that China was experiencing a rapid recovery, presenting regional recovery trends alongside the recession. - FY2021-Q3Severe recession and regional recovery trends coexistedAnnual report
「During the cumulative third quarter under review, the global economy was severely affected within a short period by the spread of COVID-19 and the suspension of economic activity implemented to contain the disease, and a serious recession continued. China saw a solid recovery as it contained the spread of infection at an early stage and benefited from various economic stimulus measures. In other regions, including Japan, the United States and Europe, personal consumption and corporate performance deteriorated substantially and the economy slowed sharply. However, supported by accommodative monetary policy and measures to support automobile purchases in Europe, the economies of advanced countries have also been recovering from the trough in the first quarter.」
While the severe recession caused by the spread of COVID-19 and the halt in economic activity continued, the company also described China's solid recovery and recovery trends in developed economies, presenting ongoing risks alongside improvement in some regions. - FY2021-Q2WorsenedAnnual report
「However, the impact of stagnating economic activity due to the prolonged COVID-19 pandemic and the resulting weakness in demand in the automotive and industrial equipment markets was significant.」
The company states that the prolonged COVID-19 pandemic stagnated economic activity and had a significant impact on performance through weak demand in the automotive and industrial equipment markets. - FY2021-Q1First statedAnnual report
「During the three months ended the first quarter, the global economy deteriorated rapidly as the spread of the novel coronavirus caused economic activity to be suspended for a certain period. Japan, Europe, the United States, China and other regions faced severe conditions as lockdowns and declarations of a state of emergency caused personal consumption to stagnate and corporate earnings and employment conditions to deteriorate.」
The company describes lockdowns and states of emergency accompanying the spread of COVID-19, halted economic activity, and deterioration in private consumption, corporate earnings and the employment environment as events that actually occurred during the quarter.