Impact of COVID-19 on Business Activities and Financial Performance
First written in FY2021. 5 of 12 entries say "Restated". Latest entry: FY2024-Q3.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024-Q3RestatedAnnual report
「Although a gradual recovery in the Japanese economy is expected to continue as COVID-19 was downgraded to Category 5 in May 2023 and employment and income conditions improved, the business environment remained uncertain due to the risk that rising prices, volatility in financial and capital markets, and a downturn in overseas economies stemming from global monetary tightening and concerns over the outlook for the Chinese economy would weigh on the Japanese economy.」
The continuing situation was described as one in which normalization progressed following the reclassification of COVID-19 to Category 5, while uncertainty remained due to rising prices, volatility in financial markets, global monetary tightening and concerns over the outlook for the Chinese economy. - FY2024-Q2MitigatedAnnual report
「Although a gradual recovery in the Japanese economy is expected to continue as COVID-19 was downgraded to Category 5 in May 2023 and employment and income conditions improved, the business environment remained uncertain due to the risk that rising prices, volatility in financial and capital markets, and a downturn in overseas economies stemming from global monetary tightening and concerns over the outlook for the Chinese economy would weigh on the Japanese economy.」
While normalization progressed following the reclassification of COVID-19 to Category 5, uncertainty remained due to rising prices, volatility in financial markets, global monetary tightening and concerns over the outlook for the Chinese economy. - FY2024-Q1MitigatedAnnual report
「Although a gradual recovery in the Japanese economy is expected to continue as COVID-19 was downgraded to Category 5 in May 2023 and employment and income conditions improved, the business environment remained uncertain due to the risk that rising prices, volatility in financial and capital markets, and a downturn in overseas economies amid continued global monetary tightening would weigh on the Japanese economy.」
While economic and social activity was normalizing following the reclassification of COVID-19 to Category 5, uncertainty remained due to rising prices, volatility in financial markets and a downturn in overseas economies. - FY2023MitigatedAnnual report
「The Japanese economy was moving toward a phase of living with COVID-19 as restrictions on activity related to the disease were eased and economic and social activity was normalizing.」
While economic and social activity was normalizing as restrictions on activity were eased and the economy moved toward living with COVID-19, uncertainty due to supply constraints and rising prices remained. - FY2023-Q3RestatedAnnual report
「Although economic and social activity was normalizing as COVID-19 vaccinations became widespread and restrictions on activity were eased, the business environment remained uncertain due to concerns over volatility in financial and capital markets amid global monetary tightening, inflation caused by higher resource and energy prices, and supply-side constraints.」
While economic and social activity was normalizing as vaccination progressed and restrictions on activity were eased, uncertainty due to monetary tightening, volatility in financial and capital markets, inflation and supply constraints continued. - FY2023-Q2MitigatedAnnual report
「Although economic and social activity was normalizing as COVID-19 vaccinations became widespread and restrictions on activity were eased, signs of a gradual recovery were seen in personal consumption and corporate capital investment. However, the business environment remained uncertain due to concerns over inflation caused by higher resource and energy prices and the rapid depreciation of the yen, as well as supply-side constraints.」
While the spread of vaccination and easing of restrictions on activity advanced the normalization of economic and social activity, uncertainty remained due to resource and energy prices, yen depreciation, rising prices and supply constraints. - FY2023-Q1MaterialisedAnnual report
「In the Group's other business area, "manufacturing (management)," revenue declined as the business was affected by production cuts resulting from automakers' revised production plans, due to the impact of the spread of COVID-19 variants and supply-chain disruptions caused by stagnant parts supplies, particularly semiconductors.」
The spread of COVID-19 variants directly reduced revenue in the manufacturing business through its impact on parts supplies and automakers' production cuts. - FY2022RestatedAnnual report
「The outlook for the Japanese economy remained uncertain due to the resurgence of COVID-19, semiconductor shortages, rising raw-material prices and other factors.」
Uncertainty over the outlook and the impact on business from the resurgence of COVID-19, semiconductor shortages and rising raw-material prices continued. - FY2022-Q3WorsenedAnnual report
「Although normalization of economic activity was expected as COVID-19 vaccination progressed, the outlook remained uncertain due to the spread of coronavirus variants, and the economy continued to be affected by reduced production by automakers caused by parts shortages.」
Despite expectations for normalization following vaccination, the effects of the spread of variants and reduced production caused by parts shortages continued, increasing uncertainty over pandemic-related risks. - FY2022-Q2RestatedAnnual report
「Although concerns remain over an uncertain outlook for the Japanese economy, including reduced production by automakers due to parts shortages caused by the spread of COVID-19 and other factors, economic activity is expected to recover as COVID-19 vaccination progresses.」
While uncertainty over the outlook due to COVID-19 continued, a recovery in economic activity was also expected as vaccination progressed. - FY2022-Q1RestatedAnnual report
「The outlook remains uncertain due to the impact of the reissued state of emergency declaration and the lack of visibility regarding when the outbreak will subside.」
While uncertainty over the outlook due to the pandemic continued, a recovery trend in automobile sales and economic activity in some regions was also described. - FY2021MaterialisedAnnual report
「The Group suffered a significant impact as economic and social activity slowed sharply amid the spread of COVID-19.」
The manufacturing business was directly affected in terms of revenue and profit, and responded with staggered working hours, remote work and cost reductions.