Impact of COVID-19 on Economic Activity and Electricity Demand
First written in FY2021-Q1. 4 of 9 entries say "Mitigated", first in FY2022. Latest entry: FY2024.
1 other company's latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「Although approximately four years have passed since the spread of COVID-19 began, it is now subsiding. In the meantime, as a result of advancing IT adoption and digitalization, including through the introduction of business systems, new-normal lifestyles and working arrangements have become widespread.」
The company stated that the direct impact of the spread of COVID-19 on economic activity had subsided, and is preparing for other types of infectious diseases and natural disasters while maintaining hybrid working arrangements. - FY2024-Q1MitigatedAnnual report
「With COVID-19 reclassified to Category 5, economic and social activity has moved toward normalization, and the economy has been gradually recovering.」
The company stated that, against the backdrop of COVID-19 being reclassified to Category 5, economic and social activity was moving toward normalization and the previous restrictions on activity were easing. - FY2023-Q1MitigatedAnnual report
「Although the number of COVID-19 cases declined and economic and social activity moved toward normalization, concerns including high energy prices and supply constraints resulting from the prolonged situation in Ukraine have not been dispelled. The company remains in a situation requiring close attention to downside risks to the economy, including fluctuations in foreign exchange and equity markets.」
The company noted the decline in COVID-19 cases and the normalization of economic and social activity, indicating that direct restrictions on activity resulting from COVID-19 were easing. At the same time, other concerns, including energy prices and supply constraints, were identified. - FY2022MitigatedAnnual report
「The spread of COVID-19 has entered its third year, and as a result of advancing IT adoption and digitalization, including through the introduction of business systems, new-normal lifestyles and working arrangements are becoming widespread within the group as well.」
The company has advanced IT adoption, digitalization and hybrid working arrangements, while addressing the impact of the spread of COVID-19 on working arrangements and business continuity. - FY2022-Q3RestatedAnnual report
「During the first nine months of the current consolidated fiscal year, Japan’s economy went through repeated cycles of improvement and deterioration as two states of emergency were declared, particularly in the Tokyo metropolitan and Kansai regions, due to the spread of COVID-19, while priority preventative measures to contain the spread continued even in areas where the state of emergency had subsequently been lifted.」
The company continued to cite the spread of COVID-19 and uncertainty over the outlook for economic activity. - FY2022-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, Japan’s economy went through repeated cycles of improvement and deterioration as states of emergency were reissued, particularly in the Tokyo metropolitan and Kansai regions, due to the spread of COVID-19, while priority preventative measures to contain the spread continued even in areas where the state of emergency had subsequently been lifted.」
The company continued to cite the spread of COVID-19 and uncertainty over the outlook for economic activity. - FY2022-Q1RestatedAnnual report
「As COVID-19 spread, states of emergency were reissued, particularly in the Tokyo metropolitan and Kansai regions, and priority preventative measures to contain the spread continued in areas where the state of emergency had subsequently been lifted, resulting in repeated cycles of improvement and deterioration.」
The company continued to cite the spread of COVID-19 and uncertainty over the outlook for economic activity. - FY2021-Q2MaterialisedAnnual report
「Following the first quarter of the current consolidated fiscal year, trading volume also declined during the second quarter due in part to lower electricity demand resulting from the spread of COVID-19, affecting profit and loss.」
The decline in electricity demand and trading volume associated with the spread of COVID-19 continued into the second quarter and affected profit and loss. - FY2021-Q1First statedAnnual report
「During the first quarter of the current consolidated fiscal year, trading volume declined due in part to lower electricity demand resulting from the spread of COVID-19, affecting profit and loss.」
The company stated that the decline in electricity demand and trading volume associated with the spread of COVID-19 had an actual impact on profit and loss during the quarter. Restrictions on economic activity and uncertainty over the outlook for the domestic and global economies were also noted in several places.