Global Economic Recession and Deterioration in Business Performance Caused by the Spread of COVID-19
First written in FY2021-Q1. 7 of 13 entries say "Mitigated", first in FY2022-Q2. Latest entry: FY2024-Q3.
The whole theme swung hardest in 2020: 112 of 175 companies on the "Worse" side.
56 other companies' latest entry also says "Mitigated".
- FY2024-Q3MitigatedAnnual report
「During the first nine months of the current fiscal year, Japan's economy entered a moderate recovery trend, with signs of a rebound in consumer spending as the impact of COVID-19 diminished and restrictions on entry from overseas were eased.」
The company states that Japan's economy, including consumer spending, entered a moderate recovery trend as the impact of COVID-19 diminished and restrictions on entry from overseas were eased. - FY2024-Q2MitigatedAnnual report
「During the first six months of the current fiscal year, Japan's economy showed signs of recovery, including a rebound in consumer spending, as economic activity resumed following the easing of restrictions on behavior and entry from overseas after COVID-19 was downgraded to a Class 5 infectious disease.」
Regarding COVID-19, the company describes signs of economic recovery following its transition to a Class 5 infectious disease, the easing of restrictions on behavior and entry from overseas, and the resumption of economic activity, with the impact of the economic downturn risk further easing. Meanwhile, uncertainties including geopolitical risks and high prices remain. - FY2024-Q1MitigatedAnnual report
「During the first three months of the current fiscal year (1 April 2023 to 30 June 2023), Japan's economy showed signs of recovery as economic activity resumed following the easing of restrictions on behavior and entry from overseas after COVID-19 was downgraded to a Class 5 infectious disease in May.」
Regarding COVID-19, the company describes the resumption of economic activity and signs of economic recovery following its downgrade to a Class 5 infectious disease and the easing of restrictions on behavior and entry from overseas. - FY2023-Q3MitigatedAnnual report
「During the first nine months of the current fiscal year, the global economy remained uncertain, although the adverse impact of COVID-19 eased. Concerns about an economic slowdown continued to arise amid prolonged geopolitical risks, soaring energy and raw-material prices, and ongoing monetary tightening policies in major countries.」
Regarding the risk of an economic downturn associated with COVID-19, the company states that its adverse impact has eased. Meanwhile, concerns about an economic slowdown due to geopolitical risks, soaring resource and raw-material prices, and monetary tightening remain. - FY2023-Q2MitigatedAnnual report
「During the first six months of the current fiscal year, the global economy showed signs of recovery as efforts to prevent the spread of COVID-19, vaccinations and the easing of restrictions on behavior progressed.」
Regarding the risk of an economic downturn associated with COVID-19, the company continues to describe signs of economic recovery as vaccinations progressed and restrictions on behavior were eased. - FY2023-Q1MitigatedAnnual report
「Overall, the economy remained on a recovery trend due to progress in COVID-19 vaccinations and government policies to resume economic activity in various countries. However, downside risks also emerged, including soaring raw material prices, semiconductor shortages and the prolonged deterioration of the situation in Ukraine.」
The global economy generally entered a recovery trend as vaccinations progressed and economic activity resumed, and business performance during the quarter also improved year on year. However, uncertainty due to renewed infections and supply constraints remains. - FY2022RestatedAnnual report
「Government and local-authority measures, including stay-at-home orders and travel restrictions, arising from the global spread of COVID-19 (COVID-19), together with production cuts by major customers of our group, have affected business performance. In addition, repeated resurgences caused by variants have occurred even in regions where the pandemic was moving toward containment, and the outlook remains uncertain.」
The company continues to describe production cuts by major customers and their impact on business performance caused by the spread of COVID-19, as well as uncertainty due to variants. Meanwhile, business performance improved during the current fiscal year as demand recovered. - FY2022-Q3RestatedAnnual report
「During the first nine months of the current fiscal year, the global economy showed signs of recovery from the impact of COVID-19 as vaccinations progressed, particularly in developed countries. However, the outlook remains uncertain due to the spread of variants and rising crude oil and raw-material prices.」
While the economic recovery driven by vaccinations has continued, uncertainty due to the spread of variants and rising crude oil and raw-material prices has also persisted. - FY2022-Q2MitigatedAnnual report
「During the first six months of the current fiscal year, the global economy was affected by COVID-19 and remained uncertain, but signs of economic recovery emerged as vaccinations progressed, particularly in developed countries, and economic activity began to normalize.」
Although the impact of COVID-19 and uncertainty remain, signs of economic recovery have emerged as vaccinations progressed and economic activity normalized, with net sales and profit also improving year on year. - FY2022-Q1RestatedAnnual report
「During the first six months of the current fiscal year (1 April 2021 to 30 June 2021), the impact of COVID-19 continued for an extended period due to the spread of variants, and the global economy remained uncertain.」
The company continues to describe the prolonged COVID-19 pandemic due to variants and the resulting uncertainty in the global economy. Meanwhile, business performance improved year on year during the quarter as economic activity and product demand recovered. - FY2021WorsenedAnnual report
「The spread of COVID-19 progressed through successive mutations, reaching the third and fourth waves, with no clear prospect of containment. In addition to developments in the U.S.-China confrontation following the change of U.S. president and slowing growth in emerging-market economies, further destabilizing factors have emerged, including tight global supply and demand for semiconductors and resins.」
Uncertainty has continued due to COVID-19 variants and the third and fourth waves, while the U.S.-China confrontation, slowing emerging-market economies and tight supply and demand for semiconductors and resins have emerged as new destabilizing factors. - FY2021-Q2WorsenedAnnual report
「During the first six months of the current fiscal year, the global economy remained in a difficult situation, although signs of a resumption of economic activity emerged following the impact of the spread of COVID-19.」
The economic downturn caused by the spread of COVID-19 continued, with net sales down ¥58.8 billion year on year, an operating loss of ¥2.671 billion and a quarterly loss attributable to owners of the parent of ¥3.757 billion. - FY2021-Q1MaterialisedAnnual report
「During the first quarter of the current fiscal year, the global economy suffered a significant downturn as a result of the spread of COVID-19.」
The global economic downturn caused by the spread of COVID-19 materialized, reflected in a ¥41.2 billion year-on-year decline in net sales, an operating loss of ¥3.196 billion and a quarterly loss attributable to owners of the parent of ¥3.827 billion.