The Impact of COVID-19 on Business and Uncertainty over the Outlook
First written in FY2021-Q1. 6 of 16 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2026DroppedAnnual report
「If a major natural disaster or infectious disease outbreak occurs in the region, factory operations could be suspended due to damage to facilities, difficulties maintaining the workforce, or disruptions to logistics.」
COVID-19 is no longer addressed separately, and infection risk is now presented as a general risk of factory shutdowns alongside natural disasters and other events. - FY2024ReframedAnnual report
「Overseas economies also continue to face an uncertain outlook due to the effects of global monetary tightening, the slowdown in the Chinese economy, and continuing geopolitical risks.」
The disclosure has shifted from focusing on the specific business impact of COVID-19 to uncertainty in the external environment, centered on monetary tightening, the Chinese economy, and geopolitical risks. - FY2024-Q3ReframedAnnual report
「Although inbound demand and personal consumption have been recovering, the outlook remains uncertain due to high resource prices caused by the prolonged invasion of Ukraine and the rapid depreciation of the yen.」
The disclosure has shifted from focusing on the impact of the infection to describing an external environment in which economic recovery is progressing but uncertainty persists due to the invasion of Ukraine, resource prices, and yen depreciation. - FY2024-Q1ReframedAnnual report
「During the cumulative first quarter (1 April 2023 to 30 June 2023), the Japanese economy continued to face an uncertain outlook. Economic activity was normalizing as border controls and behavioral restrictions were eased under a living-with-COVID policy following the reclassification of COVID-19 as a Class 5 infectious disease, but resource prices remained high due to the prolonged invasion of Ukraine and the yen continued to depreciate rapidly.」
COVID-19 has moved into the context of economic normalization following its reclassification as a Class 5 infectious disease and the easing of restrictions. The disclosure has shifted from focusing on the spread of infection to also covering uncertainty in the external environment, including the invasion of Ukraine, resource prices, and yen depreciation. - FY2023ReframedAnnual report
「As economic activity fully resumed, the global economic environment began to restart in earnest, driven by the creation of new demand such as DX (digital transformation) and GX (green transformation).」
The disclosure has shifted from focusing on the continuing impact of the infection to describing a business environment based on the normalization of economic activity and the creation of new demand, while supply disruptions and inventory adjustments remain. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year. The group will continue to closely monitor developments regarding the impact of the spread of COVID-19 on its businesses.」
While stating that there are no new material risks or material changes to existing risks, the company continues to monitor the business impact of COVID-19. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year. The group will continue to closely monitor developments regarding the impact of the spread of COVID-19 on its businesses.」
While stating that there are no new material risks or material changes to existing risks, the company continues to monitor the impact of COVID-19. - FY2023-Q1ReframedAnnual report
「The business environment surrounding the group is improving as overseas demand for electronic components and devices begins to recover against a backdrop of global economic recovery. The transportation equipment industry has been affected by production cuts due to shortages of parts supplied from China, but is expected to improve as lockdowns are lifted. However, exports could fall again if lockdowns are intensified.」
While the impact of COVID-19 is easing, parts shortages and production cuts caused by lockdowns in China, as well as the risk of a decline in exports if lockdowns are tightened again, have become more concrete. - FY2022ReframedAnnual report
「Regarding the impact of COVID-19 on the economy, the Japanese government has begun shifting toward a living-with-COVID policy while promoting vaccination. The domestic economy is showing signs of improvement in manufacturing, driven by the creation of new demand such as DX (digital transformation) and GX (green transformation), but the global semiconductor shortage is slowing the recovery of the manufacturing sector as a whole, and normalization is still expected to take time.」
Although the impact of the infection continues, the disclosure presents both economic recovery through a living-with-COVID policy and vaccination, and delays to normalization caused by the semiconductor shortage. - FY2022-Q3WorsenedAnnual report
「Meanwhile, the emergence of the Omicron variant as a new threat has heightened concerns about a renewed spread of COVID-19. As there is still no clear prospect of bringing the pandemic under control, the economic outlook remains highly uncertain.」
The emergence of the Omicron variant and concerns about a renewed spread of the infection are explicitly identified, increasing uncertainty about the economic outlook. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year. The group will continue to closely monitor developments regarding the impact of the spread of COVID-19 on its businesses.」
While stating that there are no new material risks or material changes to existing risks, the company continues to monitor the business impact of COVID-19. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year. The group will continue to closely monitor developments regarding the impact of the spread of COVID-19 on its businesses.」
While stating that there are no new material risks or material changes to existing risks, the company continues to monitor the business impact of COVID-19. - FY2021RestatedAnnual report
「COVID-19 continues to rage around the world, and with no clear solution in sight, its impact is expected to continue for some time.」
The company recognizes the risk that the infection's impact will continue. It also cites the prospect of improvement through vaccination and the risk of renewed spread due to mutations. - FY2021-Q3WorsenedAnnual report
「In addition, as COVID-19 caused temporary business closures, including partial suspension of operations, and increased the number of engineers waiting for assignments, labor costs deteriorated. The company sought to maintain business performance by using employment adjustment subsidies, promoting proactive sales activities, and further strengthening cost controls and operational efficiency.」
The disclosure identifies specific business impacts of COVID-19, including temporary closures, more engineers waiting for assignments, and higher labor costs. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year. The group will continue to closely monitor developments regarding the impact of the spread of COVID-19 on its businesses.」
While stating that there are no new material risks or material changes to existing risks, the company continues to monitor the business impact of COVID-19. - FY2021-Q1MaterialisedAnnual report
「Although affected by COVID-19, the electronic components and devices sector faces an uncertain outlook due to the impact of the global slowdown in economic activity.」
The business impact of the infection and the global slowdown in economic activity have already emerged and are described as risks creating an uncertain outlook.