Deterioration of the Economic and Consumption Environment Due to COVID-19
First written in FY2020-Q3. 8 of 14 entries say "Restated". Latest entry: FY2024-Q2.
The whole theme swung hardest in 2020: 110 of 173 companies on the "Worse" side.
55 other companies' latest entry also says "Dropped".
- FY2024-Q2DroppedAnnual reportThe economic environment discussion for the quarter does not mention COVID-19. It identifies the situation in Ukraine, the Palestinian issue, energy and raw material prices, and rising prices as factors contributing to uncertainty.
- FY2024-Q1SoftenedAnnual report
「During the cumulative first quarter under review, the Japanese economy showed signs of a gradual recovery as the end of COVID-19 led to increased movement of people. However, the economic outlook remains uncertain due to heightened social tensions and soaring prices against a backdrop of global monetary tightening.」
Regarding COVID-19, the disclosure describes increased movement of people following the end of the pandemic and signs of an economic recovery, further softening the previous explanation centered on the spread of the virus and stagnation in economic activity. Meanwhile, uncertainty over the economic outlook due to social conditions, monetary tightening and soaring prices remains. - FY2023SoftenedAnnual report
「During the current consolidated fiscal year, the domestic economy has shown signs of a gradual recovery as the end of COVID-19 has led to increased movement of people.」
Regarding COVID-19, the disclosure describes increased movement of people following the end of the pandemic and signs of a recovery in the domestic economy, softening the previous wording focused on stagnation and uncertainty in economic activity. For accounting estimates, the impact on business activities is considered minor. - FY2023-Q3RestatedAnnual report
「The Company will continue to closely monitor the future situation regarding the impact of the spread of COVID-19 on its business.」
The Company reiterates its policy of continuing to closely monitor the impact of COVID-19 on its business. - FY2023-Q2RestatedAnnual report
「The Company will continue to closely monitor the future situation regarding the impact of the spread of COVID-19 on its business.」
States that the company will continue to closely monitor the impact of COVID-19 on its business. - FY2023-Q1RestatedAnnual report
「The Company will continue to closely monitor the future situation regarding the impact of the spread of COVID-19 on its business.」
The Company continues to state its policy of closely monitoring the impact of COVID-19 on its business. It also states that there have been no material changes to the assumptions regarding the impact of the pandemic used in its accounting estimates. - FY2022-Q3RestatedAnnual report
「The Company will continue to closely monitor the future situation regarding the impact of the spread of COVID-19 on its business.」
Reiterates the policy of continuing to closely monitor the impact of COVID-19 on the business. - FY2022-Q1RestatedAnnual report
「The Company will continue to closely monitor the future situation regarding the impact of the spread of COVID-19 on its business.」
States that the company will continue to closely monitor the impact of COVID-19 on its business. - FY2021SoftenedAnnual report
「Although the future spread and end of COVID-19 remain highly uncertain, its impact on the business activities of the Group during the current consolidated fiscal year has been minor, with no material impact observed. Accordingly, the Group has assumed that the impact of the spread of COVID-19 on the following consolidated fiscal year and thereafter will be minor and has prepared its accounting estimates on that basis.」
While the risk of fewer projects and students due to a prolonged pandemic continues to be disclosed, the Company explains that the impact on business activities during the current consolidated fiscal year has been minor and that no material impact has been observed. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter under review, the Japanese economy was in an extremely difficult situation as social and economic activity rapidly stagnated due to the spread of COVID-19. Although an economic recovery is expected following the start of vaccination and other developments, the outlook for the Japanese economy remains uncertain.」
The disclosure continues to describe the stagnation of social and economic activity and uncertainty over the outlook for the Japanese economy, while adding expectations for an economic recovery from vaccination. - FY2021-Q2RestatedAnnual report
「The Company will continue to closely monitor the future situation regarding the impact of the spread of COVID-19 on its business.」
The Company continues to recognize the business impact of COVID-19 as a risk and reiterates its policy of closely monitoring the situation. - FY2021-Q1RestatedAnnual report
「During the cumulative first quarter under review, the Japanese economy remained in a difficult situation, with economic activity continuing to contract and stagnate across many industries as the impact of the spread of COVID-19 persisted.」
The disclosure reiterates that the impact of COVID-19 has persisted and that economic activity continues to contract and stagnate. - FY2020WorsenedAnnual report
「However, if the pandemic persists, economic activity may stagnate, creating risks including a decline in system development projects and fewer programming school students due to weaker personal consumption. If these risks materialize and the Company loses existing business partners or is unable to acquire new ones, this may affect its operating results and financial position.」
With respect to COVID-19, the disclosure specifies not only the deterioration in economic and consumer conditions but also the channels of impact on system development projects, programming school enrollment and the acquisition of business partners. It does not state that the risks have actually materialized. - FY2020-Q3First statedAnnual report
「Against the backdrop of the spread of COVID-19, inbound demand declined and the global economy weakened, causing conditions to deteriorate rapidly. In addition, domestic consumer activity showed signs of cooling as the government's state of emergency was expanded nationwide. Although the state of emergency has now been lifted, economic activity remains in an uncertain situation.」
The deterioration in economic and consumer conditions caused by COVID-19 and uncertainty over the outlook for economic activity are identified as risks.