Business Impact of the COVID-19 Pandemic
First written in FY2020. 4 of 15 entries say "Mitigated", first in FY2021. Latest entry: FY2026.
The whole theme swung hardest in 2020: 12 of 34 companies on the "Worse" side.
8 other companies' latest entry also says "Dropped".
- FY2026DroppedAnnual report
「The principal risks among the matters related to the status of the business, financial position and other matters described in the Securities Report that management recognizes could have a material effect on financial position, operating results and cash flows are as follows.」
The list of major risks for FY2026 does not explicitly identify the impact of the spread of COVID-19 on business as an independent risk. - FY2024-Q3RestatedAnnual report
「During the third quarter consolidated cumulative period, there were no material changes in the occurrence of major risks among those relating to the business and accounting conditions described in this quarterly report that management recognizes could materially affect the company's financial position, results of operations, or cash flows, or in the business and other risks described in the securities report for the previous fiscal year.」
It was stated that there had been no material changes to the existing major risks, including the impact of the spread of COVID-19 on business. - FY2024-Q1RestatedAnnual report
「During the first quarter consolidated cumulative period, there were no material changes in the occurrence of major risks among those relating to the business and accounting conditions described in this quarterly report that management recognizes could materially affect the company's financial position, results of operations, or cash flows, or in the business and other risks described in the securities report for the previous fiscal year.」
It was stated that there had been no material changes to the major risks described in the previous fiscal year, including the impact of the spread of COVID-19 on business. - FY2023-Q3RestatedAnnual report
「Based on the occurrence and collection status of delinquencies and other factors through the date of preparation of the quarterly financial statements, no material impact from the spread of COVID-19 has been identified, and we have determined that there is no material impact on accounting estimates. This assessment assumes that ordinary business activities can continue even under a state of emergency. If COVID-19 spreads further and the government or local authorities impose significant restrictions on business or economic activities, the company's financial position and operating results may be affected.」
While the explanation that no material impact from the pandemic or on accounting estimates had been identified at present continues, the possibility of an impact from further spread of the pandemic or significant activity restrictions remains. - FY2023-Q2MitigatedAnnual report
「Based on the occurrence and collection status of delinquencies and other factors through the date of preparation of the quarterly financial statements, no material impact from the spread of COVID-19 has been identified, and we have determined that there is no material impact on accounting estimates.」
Based on delinquency and collection status, it was stated that no material impact from the pandemic or on accounting estimates had been identified at present. However, the possibility of an impact from further spread of the pandemic or significant activity restrictions remains. - FY2023-Q1MitigatedAnnual report
「Based on the occurrence and collection status of delinquencies and other factors through the date of preparation of the quarterly financial statements, no material impact from the spread of COVID-19 has been identified, and we have determined that there is no material impact on accounting estimates. This assessment assumes that ordinary business activities can continue even under a state of emergency. If COVID-19 spreads further and the government or local authorities impose significant restrictions on business or economic activities, the company's financial position and operating results may be affected.」
Based on delinquency and collection status, it was stated that no material impact from the pandemic or on accounting estimates had been identified at present. However, the possibility of an impact from further spread of the pandemic or significant activity restrictions remains. - FY2022Updated the fiscal year targeted for the recovery assumptionAnnual report
「For the fiscal year ending March 2023, we assume that the gradual recovery trend will continue, but recognize that if the impact of COVID-19 on the economy and society expands further and becomes prolonged, it may affect some aspects of business performance.」
While the impact of the pandemic is expected to be limited and a gradual recovery is assumed, the possibility that the impact will remain in the fiscal year ending March 2023, as well as the impact on business performance from further spread and prolongation of the pandemic, continued to be identified as risks. - FY2022-Q3MitigatedAnnual report
「During the third quarter cumulative period (1 April 2021 to 31 December 2021), the Japanese economy showed signs of recovery as the challenging conditions caused by the novel coronavirus disease gradually eased, partly due to the effects of various policies and the improvement in overseas economies. Meanwhile, uncertainty surrounding the disease remains significant, and the economic outlook is uncertain.」
The assessment changed to one that the difficult economic conditions caused by COVID-19 were gradually easing and that the economy was showing signs of a recovery. However, uncertainty surrounding the pandemic and the outlook continues. - FY2022-Q2Difficult economic conditions and expectations for a recovery noted togetherAnnual report
「During the second quarter cumulative period (1 April 2021 to 30 September 2021), the Japanese economy remained challenging due to the impact of the novel coronavirus disease. However, partly due to the effects of various policies and the improvement in overseas economies, a further recovery is expected, although uncertainty surrounding the disease remains significant and the economic outlook is uncertain.」
While difficult economic conditions caused by COVID-19 continued, expectations for a recovery driven by the effects of government policies and improvements in overseas economies were also expressed. The pandemic remains highly uncertain, and uncertainty about the outlook persists. - FY2022-Q1WorsenedAnnual report
「During the first-quarter cumulative period (1 April 2021 to 30 June 2021), the Japanese economy remained in a difficult situation due to the impact of COVID-19. While signs of a recovery were seen as a result of the effects of various policies and improvements in overseas economies, the outlook for the economy remained uncertain because the end of the pandemic could not be foreseen.」
Compared with the limited impact and subsequent gradual recovery assumed in the previous fiscal year, the difficult situation caused by the pandemic was described as continuing, with the end of the pandemic not in sight and the economic outlook uncertain. Signs of a recovery were also noted. - FY2021MitigatedAnnual report
「Although the impact of the spread of COVID-19 is limited, we believe it has affected housing starts for new rental residences, the number of moves, and new customer development in the medical expense guarantee and nursing care expense guarantee fields. For the fiscal year ending March 2022, we assume that the impact will generally remain through the first half and that the business will then recover gradually.」
Although the impact of the pandemic remains, the impact on business for FY2021 was assessed as limited. A time-based assumption was presented that the impact would remain through the first half of FY2022, followed by a gradual recovery. The risk itself continues. - FY2021-Q3WorsenedAnnual report
「During the third quarter cumulative period (1 April 2020 to 31 December 2020), the Japanese economy showed signs of recovery, partly due to the effects of various measures and the improvement in overseas economies, despite the impact of the novel coronavirus disease. Meanwhile, the economic outlook remains extremely uncertain due to the renewed spread of the disease.」
Although signs of a recovery were seen in the economic environment after the spread of COVID-19, the further spread of the infection made the economic outlook extremely uncertain. In addition to the recovery expectations noted in the second quarter, the risks from renewed spread were explicitly identified. - FY2021-Q2Added expectations of a recovery following the economic deteriorationAnnual report
「During the second quarter cumulative period (1 April 2020 to 30 September 2020), the Japanese economy deteriorated rapidly due to the spread of the novel coronavirus disease. However, following the lifting of the state of emergency, economic activity was gradually being increased, and, partly due to the effects of various measures and the recovery of overseas economies, a continued recovery is expected. Meanwhile, the economic outlook remains extremely uncertain depending on future developments in the disease.」
While the rapid deterioration of the economic environment caused by COVID-19 continued to be described as the actual business environment, expectations for a recovery after the lifting of the state of emergency were also expressed. Uncertainty about the outlook due to the course of the pandemic remains. - FY2021-Q1MaterialisedAnnual report
「During the first-quarter cumulative period (1 April 2020 to 30 June 2020), the Japanese economy rapidly stagnated as personal consumption declined and companies continued to voluntarily suspend operations due to the impact of COVID-19.」
The actual impact of COVID-19 on the business environment, which had been assumed in the previous fiscal year, was described as a decline in personal consumption, voluntary suspension of business operations and a rapid stagnation in economic activity. - FY2020First statedAnnual report
「For the fiscal year ending March 2021, we expect some impact on revenue from delays in sales activities and a decline in the number of moves, as well as from an increase in subrogation payments and other factors. However, we believe the impact on operating profit will be less than 5% of the ¥1,100.000 million operating profit forecast, and recognize that the impact will be limited. If the impact of COVID-19 on the economy and society expands further and becomes prolonged, however, it may affect business performance beyond our assumptions.」
The impact of COVID-19 on sales activities, the number of moves and subrogation payments was separately disclosed as a new major risk. Following the declaration of a state of emergency, some additional provisions for guarantee performance were recorded, and the impact on operating profit for the fiscal year ending March 2021 is expected to be less than 5% of the ¥1,100.000 million forecast.