Risk of Economic Stagnation and Contraction in Economic Activity Due to COVID-19
First written in FY2020-Q3. 11 of 15 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
「During the third quarter of the current consolidated cumulative period, economic activity in Japan moved toward normalisation and the economy began to recover as the COVID-19 pandemic subsided. However, concerns over a global recession, including demand suppression resulting from monetary tightening, increased, and the outlook remained uncertain.」
While describing the containment of the COVID-19 pandemic and the normalisation of economic activity, it continues to describe uncertainty over the outlook due to recession concerns. - FY2024-Q2MitigatedAnnual report
「During the second quarter of the current consolidated cumulative period, economic activity in Japan moved toward normalisation and the economy began to recover as the COVID-19 pandemic subsided. However, concerns over a global recession, including demand suppression resulting from monetary tightening, increased, and the outlook remained uncertain.」
The normalisation of economic activity and recovery accompanying the containment of the COVID-19 pandemic are described, indicating that the impact of economic stagnation from COVID-19 continues to diminish. Meanwhile, uncertainty due to monetary tightening and recession concerns remains. - FY2024-Q1MitigatedAnnual report
「In Japan, social and economic activity moved toward normalisation and the economy showed signs of a gradual recovery as the impact of the novel coronavirus disease (COVID-19) eased and inbound demand increased. However, the outlook remained uncertain amid concerns that yen depreciation could drive up import prices and domestic prices.」
The easing impact of COVID-19 and the normalisation of social and economic activity are described, indicating that the impact of economic stagnation from the infection is diminishing. Meanwhile, uncertainty over the outlook due to yen depreciation and rising prices remains. - FY2023-Q3RestatedAnnual report
「In Japan, social and economic activity moved toward normalisation and the economy showed signs of a gradual recovery, supported by increased inbound demand and measures to prevent the spread of the novel coronavirus disease (COVID-19). However, the outlook remained uncertain due to concerns over exchange-rate trends resulting from soaring raw-material and energy prices and rising prices.」
While referring to the normalisation of social and economic activity and signs of economic recovery, it continues to describe uncertainty over the outlook stemming from the response to COVID-19, prices and exchange-rate trends. - FY2023-Q2RestatedAnnual report
「In Japan, social and economic activity moved toward normalisation as vaccination against the novel coronavirus disease (COVID-19) progressed and restrictions on movement were eased. However, the outlook remained uncertain due to soaring raw-material and energy prices, concerns over exchange-rate trends resulting from yen depreciation, and rising prices.」
While referring to moves toward normalising social and economic activity, it states that uncertainty over the outlook due to COVID-19, prices and exchange-rate trends continues. - FY2023-Q1RestatedAnnual report
「In Japan, vaccinations against the novel coronavirus disease (COVID-19) progressed and activity moved toward normalisation, but the end of the infection remained unforeseeable. In addition, as the yen continued to weaken and energy prices rose, economic activity overall remained cautious.」
While referring to moves toward normalising social and economic activity, it states that economic activity remains cautious due to the lack of an end to COVID-19, yen depreciation and soaring energy prices. - FY2022RestatedAnnual report
「During the current consolidated fiscal year, the global economy showed signs of a gradual recovery from the prolonged impact of the novel coronavirus disease (COVID-19), and economic activity began to recover as restrictions on movement and overseas travel were eased. However, the outlook remained uncertain amid heightened tensions surrounding Ukraine and soaring raw-material prices.」
While noting signs of recovery from the impact of COVID-19, it states that the timing of containment remains unclear and that the outlook continues to be uncertain. - FY2022-Q3RestatedAnnual report
「During the third quarter of the current consolidated cumulative period, the global economy showed signs of a gradual recovery from the prolonged impact of the novel coronavirus disease (COVID-19). However, the economic outlook remained uncertain amid soaring raw-material prices, supply-chain disruptions and Russia’s invasion of Ukraine.」
While noting both the impact of prolonged COVID-19 and signs of recovery, it states that uncertainty over the economic outlook continues. - FY2022-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period, the global economy showed signs of improvement, partly as infection-control measures and vaccination against the novel coronavirus disease (COVID-19) progressed. However, the economic outlook remained uncertain due to renewed expansion of infections accompanying the spread of variant strains.」
While referring to signs of improvement from infection-control measures and vaccinations, it states that renewed spread due to variant strains and uncertainty over the economic outlook continue. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, the global economy showed signs of improvement, partly as vaccination against the novel coronavirus disease (COVID-19) progressed. However, concerns over the spread of infections, including variant strains, meant that the economic outlook remained uncertain.」
While referring to signs of improvement against the backdrop of vaccination, it states that concerns over the spread of infections due to variant strains and uncertainty over the economic outlook continue. - FY2021-Q3RestatedAnnual report
「Although various measures, including the start of vaccinations, were expected to be effective in Japan, the timing of containing the infection remained unclear, and the outlook continued to be uncertain.」
While referring to developments such as the start of vaccinations, it states that the timing of containing COVID-19 remains unclear and that the economic outlook continues to be uncertain. - FY2021-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period, measures aimed at reducing the impact of COVID-19, including the start of vaccinations, were under way. However, as there was still no clear outlook for containing the spread of the infection, the outlook remained uncertain.」
While referring to measures aimed at reducing the impact, such as the start of vaccinations, it states that the timing of containment remains unclear and that the outlook continues to be uncertain. - FY2021-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there was no clear outlook for the containment of the novel coronavirus disease (COVID-19). As of the date of submission of this quarterly report, the outlook for the domestic and overseas economies and economic conditions remained uncertain, including the declaration of a state of emergency in Japan on 7 January 2021.」
The lack of an outlook for containing COVID-19 and the declaration of a state of emergency are described, while stating that there have been no material changes in business or other risks. - FY2020WorsenedAnnual report
「The novel coronavirus disease (COVID-19) spread globally, causing economic activity to stagnate worldwide, while concerns arose over a prolonged contraction in economic activity.」
Continued global economic stagnation is identified as an uncertainty that could also affect accounting estimates. - FY2020-Q3First statedAnnual report
「As the novel coronavirus disease (COVID-19) spread worldwide and lockdowns were imposed, concerns arose over economic stagnation and a prolonged contraction in economic activity resulting from further spread of the infection.」
The spread of the infection and contraction in economic activity are identified as future concerns.