Prolonged COVID-19 Pandemic and Activity Restrictions
First written in FY2021-Q3. 6 of 12 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 69 of 91 companies on the "Worse" side.
34 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「If a major outbreak of an infectious disease such as influenza or COVID-19 forces the group to suspend operations for an extended period, this could affect its financial position and business results.」
Even after the move to Category 5, it explicitly identifies major outbreaks of COVID-19 and other infectious diseases and prolonged operating suspensions as business risks. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, the Japanese economy remained uncertain. Although both businesses and individuals showed improvements in consumption trends and a recovery in inbound demand following the change in the legal classification of COVID-19 to Category 5, the economy was affected by surging global resource prices and higher prices caused by the weaker yen.」
While recognizing improved consumption trends and a recovery in inbound demand following the move to Category 5, it continues to note uncertainty, including higher resource prices and inflation caused by the weaker yen. - FY2024-Q1MitigatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, the Japanese economy remained uncertain. Although activity restrictions related to COVID-19 were eased and both businesses and individuals showed improvements in consumption trends and a recovery in inbound demand, resource prices continued to surge globally and prices rose due to the weaker yen.」
It notes the easing of activity restrictions and an improvement in consumption trends, indicating that the impact of COVID-19 on the business environment is easing. Meanwhile, higher resource prices and inflation caused by the weaker yen remain. - FY2023RestatedAnnual report
「Following the change in the legal classification of COVID-19 to Category 5, the same as seasonal influenza, both businesses and individuals have shown signs of a recovery in consumption trends. However, the group continues to assume an impact from COVID-19 for the fiscal year ending September 2024.」
While recognizing a recovery in consumption trends following the move to Category 5, it continues to assume an impact from the pandemic in its accounting estimates for the fiscal year ending September 2024. - FY2023-Q3MitigatedAnnual report
「Although consumption activity was initially affected by the stagnation caused by the surge in infections during the eighth wave, both businesses and individuals showed signs of a recovery in consumption trends following the change in the legal classification of COVID-19 to Category 5, the same as seasonal influenza, on 8 May 2023.」
While the effects of the eighth wave remain, it notes a recovery in consumption trends following the move to Category 5, indicating that infectious disease and activity restriction risks have continued to ease. - FY2023-Q2MitigatedAnnual report
「Although consumption activity was initially affected by the stagnation caused by the surge in infections during the eighth wave, both businesses and individuals showed signs of a recovery in consumption trends as the number of infections recently began to decline and activity and overseas travel restrictions were eased.」
While the effects of the eighth wave remain, it notes a recovery in consumption trends due to the declining number of infections and the easing of activity and overseas travel restrictions. - FY2023-Q1WorsenedAnnual report
「However, the stagnation of consumption activity caused by the surge in infections during the subsequent eighth wave, as well as higher resource and raw-material prices resulting from the unstable overseas situation and the weaker yen associated with global monetary tightening, adversely affected the domestic economy, and uncertainty continues.」
While recognizing a recovery in consumption trends following the easing of activity restrictions, it newly notes the surge in infections and stagnation of consumption activity during the eighth wave, indicating that the phase of infection expansion has continued from the sixth and seventh waves in the previous period. - FY2022RestatedAnnual report
「Initially, as the domestic COVID-19 situation moved toward improvement, both businesses and individuals showed signs of a recovery in consumption trends following the easing of activity restrictions. However, the stagnation of consumption activity caused by the surge in infections during the subsequent sixth and seventh waves, as well as higher resource and raw-material prices resulting from Russia's invasion of Ukraine and the weaker yen, adversely affected the domestic economy, and uncertainty about the outlook continues.」
While recognizing a recovery following the easing of activity restrictions, it continues to note the surge in infections and stagnation of consumption activity during the sixth and seventh waves, as well as uncertainty about the outlook. - FY2022-Q3RestatedAnnual report
「Initially, as the domestic COVID-19 situation moved toward improvement, both businesses and individuals showed signs of a recovery in consumption trends following the easing of activity restrictions. However, the application of priority preventive measures against the spread of disease in various parts of the country from January through March 2022, as well as higher resource and raw-material prices resulting from Russia's invasion of Ukraine and the weaker yen, adversely affected the domestic economy. Although consumption trends have recently shown signs of bottoming out, there are also signs of a renewed spread of COVID-19, and uncertainty about the outlook continues.」
While recognizing a recovery following the easing of activity restrictions, it continues to note signs of a renewed spread of infections and uncertainty about the outlook. - FY2022-Q2WorsenedAnnual report
「However, COVID-19 cases involving variants also surged in Japan from early 2022, affecting economic activity as priority preventive measures against the spread of disease were once again applied in various parts of the country through March.」
It identifies more specific impacts on activity restrictions and economic activity than in the previous quarter, due to the surge in variant infections and the reapplication of priority preventive measures against the spread of disease. - FY2022-Q1RestatedAnnual report
「As the domestic COVID-19 situation moved toward improvement due to progress in vaccinations and the effects of requests to restrict activities, and with the declaration of a state of emergency and the priority preventive measures against the spread of disease lifted at the end of September 2021, both businesses and individuals showed signs of a recovery in consumption trends despite the difficult conditions. However, overseas COVID-19 cases involving variants surged toward the end of 2021, and infections involving variants also increased in Japan, leaving the outlook uncertain and continuing to raise concerns about the impact on the domestic economy.」
While recognizing a recovery following the lifting of activity restrictions, it continues to express concern about the increase in variant infections and the impact on the domestic economy. - FY2021-Q3First statedAnnual report
「The end of the COVID-19 pandemic remains out of sight, amid delays in COVID-19 vaccinations due to vaccine supply issues and an increase in infections involving variants reportedly more transmissible and carrying a higher risk of severe illness, leaving the outlook extremely uncertain.」
It states that the declaration of a state of emergency and measures to curb the movement of people are affecting actual store operations and customer trends.