Uncertainty in economic activity and the business environment caused by COVID-19
First written in FY2021-Q3. 5 of 12 entries say "Mitigated", first in FY2021. Latest entry: FY2024.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024DroppedAnnual report
「If a major disaster or a new infectious disease spreads, becomes more severe or persists for an extended period, the Group’s business activities may be disrupted, potentially affecting its operating results.」
COVID-19 is no longer presented as a standalone economic-environment risk; the disclosure now refers generally to new infectious diseases alongside natural disasters and other events. - FY2024-Q1MitigatedAnnual report
「During the first quarter of the consolidated accounting period, Japan's economy achieved further normalization as various restrictions related to COVID-19 came to an end and the Nikkei Stock Average reached a new record high, among other developments.」
The description states that various restrictions related to COVID-19 came to an end and economic normalization progressed further. - FY2023MitigatedAnnual report
「During the consolidated fiscal year, Japan's economy saw economic normalization progress as various restrictions were eased, including the reclassification of COVID-19 under Japan's Infectious Diseases Control Law to Category 5 on 8 May 2023. However, globally, soaring resource prices and continuing inflation resulting from Russia's invasion of Ukraine and other factors led to higher interest rates and related concerns about the financial condition of financial institutions, leaving the outlook uncertain.」
While economic normalization progressed as COVID-19 was reclassified as a Category 5 disease and restrictions were eased, external-environment risks including soaring resource prices, inflation and higher interest rates remained. - FY2023-Q3MitigatedAnnual report
「While economic normalization progressed as restrictions were eased, including the reclassification of COVID-19 under the Infectious Diseases Control Law to Category 5 on 8 May 2023, globally, higher interest rates and concerns about financial institutions’ business conditions emerged as resource prices and inflation continued to rise due in part to Russia’s invasion of Ukraine. The outlook therefore remained uncertain.」
The impact of COVID-19 eased through the Category 5 reclassification and relaxation of restrictions, while resource prices, inflation and higher interest rates remained sources of uncertainty. - FY2023-Q2MitigatedAnnual report
「During the second quarter of the consolidated cumulative period, the impact of COVID-19 was limited and economic normalization was progressing. However, globally, soaring resource prices and continuing inflation resulting from Russia's invasion of Ukraine and other factors led to higher interest rates and related concerns about the financial condition of financial institutions, leaving the outlook uncertain.」
The description changed to state that the impact of COVID-19 was limited and economic normalization was progressing. However, other external-environment risks remained. - FY2023-Q1RestatedAnnual report
「During the first quarter of the consolidated cumulative period, Japan's economy was moving toward normalization due to the spread of COVID-19 vaccinations and other factors, but uncertainty over the outlook continued due to soaring global resource prices and concerns about inflation resulting from Russia's invasion of Ukraine.」
Although economic normalization was progressing, uncertainty over the outlook continued due to COVID-19, soaring global resource prices and other factors. - FY2022RestatedAnnual report
「It remains impossible to foresee when the COVID-19 pandemic will end, and the group is working to establish systems that allow it to continue operating flexibly. As domestic economic activity moves toward normalization, the impact on each of the group's businesses is becoming limited for the time being. However, if COVID-19 does not move toward containment and the situation becomes more severe or prolonged, the group's business activities and other operations may be disrupted, potentially affecting its operating results.」
Although the immediate impact on the business is becoming limited, the risk of the infection becoming prolonged or more severe continues. - FY2022-Q3RestatedAnnual report
「During the third quarter of the consolidated cumulative period, Japan's economy was moving toward normalization as COVID-19 vaccinations became more widespread, but concerns about another increase in infections persisted, and concerns generally had still not been fully dispelled.」
Although economic normalization was progressing, concerns about a renewed spread of infections and uncertainty continued. - FY2022-Q2RestatedAnnual report
「During the second quarter of the consolidated cumulative period, Japan's economy was moving toward normalization as COVID-19 vaccinations became more widespread, but concerns had still not been fully dispelled.」
Although economic normalization was progressing, concerns related to COVID-19 continued to remain. - FY2022-Q1WorsenedAnnual report
「During the first quarter of the current consolidated cumulative period, Japan’s economy was moving toward normalization as vaccination against COVID-19 became more widespread, but uncertainty about the outlook had again increased as infections spread due to variants.」
The economy was moving toward normalization, but the spread of variants increased uncertainty about the outlook again. - FY2021MitigatedAnnual report
「As domestic economic activity moves toward normalization, the impact on each of the Group’s businesses is becoming limited for the time being. However, if COVID-19 does not subside and the situation becomes more severe or prolonged, the Group’s business activities may be disrupted, potentially affecting its operating results.」
The immediate impact on the businesses is described as becoming limited, while the risk of a prolonged or worsening pandemic remains. - FY2021-Q3First statedAnnual report
「Although the impact of COVID-19 is expected to gradually ease as vaccination progresses further, economic activity in Japan and overseas continues to be severely constrained by the pandemic, and the outlook for the economy remains extremely uncertain.」
The continuing impact of the pandemic, restrictions on economic activity and uncertainty about the outlook are identified as business-environment risks.