Impact of COVID-19 on Business, Supply Chains and Human Resources
First written in FY2020. 5 of 14 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2026DroppedAnnual reportThe business environment and risk disclosures in this filing do not identify COVID-19 as an individual business risk.
- FY2024Economic recovery alongside inflation concerns as the pandemic impact easesAnnual report
「Following the reclassification of COVID-19 as a Category V disease, consumer spending, particularly on services, and inbound demand increased, and social and economic activity moved toward normalization. However, inflationary trends resulting from higher interest rates, continued yen depreciation and energy supply shortages caused by instability in the global situation also persisted」
While indicating that restrictions on economic activity caused by the pandemic have eased and activity has normalized, it explains that higher interest rates, yen depreciation, energy shortages and inflationary trends remain. - FY2024-Q3Economic recovery alongside inflation concerns as the pandemic impact easesAnnual report
「During the nine-month consolidated period of the third quarter, Japan's economy showed a gradual recovery, supported by increased consumer spending, particularly on services, and inbound demand. However, severe labor shortages amid rising demand and inflationary trends resulting from energy supply shortages caused by instability in the global situation persisted, and conditions remained uncertain.」
While indicating that restrictions on economic activity caused by the pandemic have eased and that consumer spending and inbound demand are supporting a recovery, it explains that labor shortages, energy supply shortages and inflationary trends continue. quantified is false, materialized is false. - FY2024-Q2Easing pandemic impact and progress toward normalizing economic activityAnnual report
「During the nine-month consolidated period of the second quarter, Japan's economy showed signs of a gradual recovery as the country emerged from the COVID-19 crisis, economic activity normalized, and employment and income conditions improved.」
It describes progress in moving away from the restrictions on economic activity imposed by COVID-19, the normalization of economic activity, and improvement in employment and income conditions. quantified is false, materialized is false. - FY2024-Q1RestatedAnnual report
「During the nine-month consolidated period of the first quarter, Japan's economy showed signs of normalization in economic activity as the increase in new COVID-19 cases eased and restrictions on activity were relaxed.」
Continuing from the previous filing, it explains that the increase in new infections has eased, restrictions on activity have been relaxed, and economic activity is moving toward normalization. - FY2023-Q3RestatedAnnual report
「During the nine-month consolidated period of the third quarter, Japan's economy showed signs of normalization in economic activity as the increase in new COVID-19 cases eased and restrictions on activity were relaxed.」
While the impact of the pandemic continues, it explains that the increase in new infections has eased, restrictions on activity have been relaxed, and economic activity is moving toward normalization. - FY2023-Q2RestatedAnnual report
「During the second quarter, the business environment surrounding the Company showed signs of normalization in economic activity as the increase in new COVID-19 cases eased and restrictions on activity were relaxed.」
While the impact of the pandemic remains, it explains that the increase in new infections has eased, restrictions on activity have been relaxed, and economic activity is moving toward normalization. - FY2023-Q1Decline in infections and progress toward resuming economic activityAnnual report
「Although the impact of COVID-19 continues, the number of infections began to subside as vaccinations became more widespread, and economic activity gradually resumed.」
It indicates that, while the impact of the pandemic continues, the number of infections began to subside as vaccinations became more widespread and economic activity gradually resumed. - FY2022-Q3Concern over the renewed spread of infections due to the Omicron variantAnnual report
「However, following the emergence of the new Omicron variant, some regions are considering imposing priority preventive measures or declaring a state of emergency, and conditions remain unpredictable.」
While the number of infections began to subside and economic activity resumed as vaccinations and other measures progressed, the emergence of the new Omicron variant and the possibility of additional measures have again increased uncertainty over the pandemic and the economic environment. quantified is false, materialized is false. - FY2022-Q2RestatedAnnual report
「Although the impact of COVID-19 remains significant and vaccinations have begun, some regions have again been placed under a state of emergency or subject to priority preventive measures, and the outlook for the economy remains uncertain.」
It continues to recognize that the impact of the pandemic, regional states of emergency and other factors, and uncertainty over the economic outlook remain. - FY2022-Q1RestatedAnnual report
「Although the impact of COVID-19 remains significant and vaccinations have begun, some regions have again been placed under a state of emergency or subject to priority preventive measures, and the outlook for the economy remains uncertain.」
It explains that the impact of the pandemic, regional states of emergency and other factors, and uncertainty over the economic outlook continue. It states that there have been no material changes to business and other risks. quantified is false, materialized is false. - FY2021-Q3Renewed spread of infections and a second state of emergencyAnnual report
「After the state of emergency declared in April 2020 was lifted, the domestic economy gradually recovered as economic activity resumed. However, the number of new COVID-19 cases began rising again toward winter, and a second state of emergency was declared in some regions in January 2021. As a result, the outlook for the economy remains uncertain.」
It explains that, while economic activity resumed and the economy gradually recovered, the renewed increase in infections and the second state of emergency declared in January 2021 have left conditions uncertain. - FY2021-Q2Continuing impact of the pandemic and gradual resumption of economic activityAnnual report
「During the second quarter, the business environment surrounding our Company remained unpredictable due to restrictions on going out and the prohibition or voluntary suspension of sales activities resulting from the spread of COVID-19, although economic activity was gradually resuming.」
The Company explains that while the impact of the pandemic caused by restrictions on going out and the prohibition or voluntary suspension of sales activities continues, economic activity is gradually resuming. - FY2020First statedAnnual report
「If the epidemic continues for an extended period, similar events to those described above may occur, along with lower transaction volumes in both businesses as a result of refraining from existing sales activities involving direct visits to member stores, supply-chain disruptions, operating shutdowns caused by employee infections, and difficulty recruiting talented personnel and developing new businesses」
For COVID-19, the Group has for the first time specifically described the effects not only on personal consumption and transaction volumes, but also on field sales, the supply chain, operations, recruitment and new business development as separate risks. The effects on the ECL share price decline, lockdowns and impairment losses are described as actual impacts.