Impact of COVID-19 on Business Performance
First written in FY2020. 11 of 19 entries say "Restated". Latest entry: FY2027-H1.
The whole theme swung hardest in 2025: 5 of 16 companies on the "Worse" side.
19 other companies' latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to business continuity risks, including natural disasters and infectious diseases. - FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to business continuity risks, including natural disasters and infectious diseases. - FY2024ReframedAnnual report
「(18) Natural disasters and infectious diseases Because the company has introduced a remote work system, it has established a structure that enables it to continue operating even if a natural disaster occurs or during periods when an infectious disease is spreading.」
The risk disclosure has been reorganized from its previous focus on COVID-19 to cover business continuity risks arising from natural disasters and serious infectious diseases generally, and indicates that remote work supports business continuity. - FY2024-Q3RestatedAnnual report
「In May 2023, the government lowered the legal classification of COVID-19, creating conditions in which society as a whole could support economic activity. In addition, against the backdrop of rising corporate demand for IT talent as businesses promote digital transformation and the spread of job-based hiring, the employment environment and corporate hiring strategies across the market were generally positive. Corporate demand for highly specialized and highly capable talent, in particular, has remained firm.」
The company has reaffirmed that the employment environment and corporate hiring strategies are positive, against the backdrop of economic activity following the lowering of COVID-19’s classification, digital transformation and the spread of job-based hiring. - FY2024-Q2RestatedAnnual report
「In May 2023, the government lowered the legal classification of COVID-19, creating conditions in which society as a whole could support economic activity. In addition, against the backdrop of rising corporate demand for IT talent as businesses promote digital transformation and the spread of job-based hiring, the employment environment and corporate hiring strategies across the market were generally positive. Corporate demand for highly specialized and highly capable talent, in particular, has remained firm.」
The company has reaffirmed that the employment environment and corporate hiring strategies are positive, against the backdrop of economic activity following the lowering of COVID-19’s legal classification, digital transformation and the spread of job-based hiring. - FY2024-Q1SoftenedAnnual report
「In May 2023, the government lowered the legal classification of COVID-19, creating conditions in which society as a whole could support economic activity. In addition, against the backdrop of rising corporate demand for IT talent as businesses promote digital transformation and the spread of job-based hiring, the employment environment and corporate hiring strategies across the market were generally positive. Corporate demand for highly specialized and highly capable talent, in particular, has remained firm.」
The company explains that the lowering of COVID-19’s legal classification created conditions in which society as a whole could support economic activity, and describes the employment environment and corporate hiring strategies as generally positive. - FY2023ReframedAnnual report
「As of the date of filing this report, the company expects the impact of COVID-19 on the Japanese economy to gradually diminish and has determined that the impact on its business and performance is minor. The company has also introduced a remote work system and established a structure that enables it to continue operating even during periods when COVID-19 is spreading. However, future changes in the external environment or corporate hiring sentiment resulting from the spread of variants of COVID-19 or an unknown infectious disease may affect the company’s business and performance. In addition, if a large-scale outbreak among the company’s officers, employees or other personnel disrupts business activities, the company’s business and performance may be affected.」
While indicating that the impact on its business and performance is minor and that remote work supports business continuity, the company has expanded the scope of risks to include unknown infectious diseases and large-scale infections among officers and employees. - FY2023-Q3RestatedAnnual report
「Regarding the spread of COVID-19, the company has determined that, at present, there is no material impact on its accounting estimates, and there have been no material changes to the assumptions concerning the impact of COVID-19 described in the “Significant Accounting Estimates” and “Accounting Estimates Related to the Impact of the Spread of COVID-19” sections of the previous fiscal year’s annual securities report. However, changes in future circumstances may affect the financial statements from the fourth quarter of the current fiscal year onward.」
The company has reaffirmed its determination that COVID-19 has no material impact on accounting estimates and that there have been no material changes to its previous assumptions. At the same time, the possibility of an impact on future financial statements remains. - FY2023-Q2RestatedAnnual report
「Regarding the spread of COVID-19, the company has determined that, at present, there is no material impact on its accounting estimates, and there have been no material changes to the assumptions concerning the impact of COVID-19 described in the “Significant Accounting Estimates” and “Accounting Estimates Related to the Impact of the Spread of COVID-19” sections of the previous fiscal year’s annual securities report. However, changes in future circumstances may affect the financial statements from the third quarter of the current fiscal year onward.」
The company has reaffirmed its determination that COVID-19 has no material impact on accounting estimates and that there have been no material changes to its previous assumptions. At the same time, the possibility of an impact on future financial statements remains. - FY2023-Q1RestatedAnnual report
「Regarding the spread of COVID-19, the company has determined that, at present, there is no material impact on its accounting estimates, and there have been no material changes to the assumptions concerning the impact of COVID-19 described in the “Significant Accounting Estimates” and “Accounting Estimates Related to the Impact of the Spread of COVID-19” sections of the previous fiscal year’s annual securities report. However, changes in future circumstances may affect the financial statements from the second quarter of the current fiscal year onward.」
The company has reaffirmed its determination that COVID-19 has no material impact on accounting estimates and that there have been no material changes to its previous assumptions. At the same time, the possibility of an impact on future financial statements remains. - FY2022RestatedAnnual report
「As of the date of filing this report, the company expects the impact of the spread of COVID-19 on the Japanese economy to continue during the fiscal year ending January 2023, but has determined that the impact on its business and performance is minor.」
The company has reaffirmed that the pandemic’s impact on the Japanese economy will continue, while its impact on the company’s business and performance is minor. From an accounting perspective, it also explains that online services and remote work have kept the impact on business operations minor. - FY2022-Q3RestatedAnnual report
「The Japanese economy, which deteriorated due to the spread of COVID-19, is expected to recover gradually against the backdrop of economic measures implemented by countries and rising vaccination rates. Meanwhile, uncertainty about the outlook continues, including concerns over extensions or renewed implementation of states of emergency. At present, however, the company has determined that there is no material impact on its accounting estimates, and there have been no material changes to the assumptions concerning the impact of COVID-19 described in the “Additional Information: Accounting Estimates Related to the Impact of the Spread of COVID-19” section of the previous fiscal year’s annual securities report. However, changes in future circumstances may affect the financial statements from the fourth quarter of the current fiscal year onward.」
The company has reaffirmed both its expectation of a gradual recovery in economic conditions and the continued uncertainty about the outlook, as well as its determination that there is no material impact on accounting estimates and the possibility of future effects. - FY2022-Q2RestatedAnnual report
「The Japanese economy, which deteriorated due to the spread of COVID-19, is expected to recover gradually against the backdrop of economic measures implemented by countries and rising vaccination rates. Meanwhile, uncertainty about the outlook continues, including concerns over extensions or renewed implementation of states of emergency. At present, however, the company has determined that there is no material impact on its accounting estimates, and there have been no material changes to the assumptions concerning the impact of COVID-19 described in the additional information section of the previous fiscal year’s annual securities report, “Accounting Estimates Related to the Impact of the Spread of COVID-19.”」
The company has reaffirmed that, despite the outlook for a gradual recovery in economic conditions and continued uncertainty about the outlook, there is no material impact on accounting estimates and no material change to its previous assumptions. - FY2022-Q1RestatedAnnual report
「The Japanese economy, which deteriorated due to the spread of COVID-19, is expected to recover gradually against the backdrop of economic measures implemented by countries and rising vaccination rates. Meanwhile, uncertainty about the outlook continues, including concerns over extensions or renewed implementation of states of emergency. At present, however, the company has determined that there is no material impact on its accounting estimates, and there have been no material changes to the assumptions concerning the impact of COVID-19 described in the “Additional Information: Accounting Estimates Related to the Impact of the Spread of COVID-19” section of the previous fiscal year’s annual securities report. However, changes in future circumstances may affect the financial statements from the second quarter of the current fiscal year onward.」
Although a gradual recovery of economic conditions is expected, uncertainty about the outlook continues. The company has reaffirmed its determination that there is no material impact on accounting estimates and the possibility of future effects. - FY2021SoftenedAnnual report
「As of the date of filing this report, the company expects the impact of the spread of COVID-19 on the Japanese economy to continue during the fiscal year ending January 2022, but has determined that the impact on its business and performance is minor. However, changes in the external environment and in corporate hiring needs resulting from the future spread of COVID-19 may affect the company’s business performance and financial condition.」
While expecting the impact of the pandemic to continue, the company has determined that the impact on its business and performance is minor, reducing its assessment of the impact on the company compared with the previous descriptions of deteriorating employment indicators. However, the possibility of future impacts remains. - FY2021-Q3WorsenedAnnual report
「Various indicators have continued to deteriorate as a result of the spread of COVID-19.」
The disclosure describes the impact of COVID-19 as the continued deterioration of employment-related indicators. However, it also explains that corporate demand for highly capable talent remains firm. - FY2021-Q2WorsenedAnnual report
「In the human resources and employment support industry in which the company operates, the active job openings-to-applicants ratio was 1.11 in June 2020, compared with 1.61 in the same month of the previous year, according to a survey by the Ministry of Health, Labour and Welfare, while the unemployment rate was 2.8%, compared with 2.5% in the same month of the previous year, according to a survey by the Statistics Bureau of the Ministry of Internal Affairs and Communications. Although the labor market, particularly in the Tokyo metropolitan area, still appears to favor workers, various indicators are deteriorating rapidly amid the spread of COVID-19.」
The impact of the spread of COVID-19 has become more concrete in the rapid deterioration of employment-related indicators, including a decline in the job openings-to-applicants ratio and an increase in the unemployment rate. - FY2021-Q1WorsenedAnnual report
「Although the impact of the spread of COVID-19 has begun to appear in the decline in the active job openings-to-applicants ratio, the unemployment rate has remained low.” “Meanwhile, concerns over a global economic recession resulting from the spread of COVID-19 and the promotion of a “new lifestyle” may significantly transform the employment environment and corporate hiring strategies across the market.」
The impact of COVID-19 has appeared in the decline in the active job openings-to-applicants ratio, making the potential transformation of the employment environment and hiring strategies more concrete. However, the disclosure does not state that a direct impact on the company’s business performance has occurred. - FY2020First statedAnnual report
「As of the date of filing this report, the company has not identified any impact of the spread of COVID-19 on its business performance or financial condition. However, changes in the external environment and in hiring needs resulting from the future spread of COVID-19 may affect the company’s business performance and financial condition.」
The company stated that it had not identified any impact as of the filing date, while identifying potential future effects arising from changes in the external environment and hiring needs as a risk.