Impact of the Spread of COVID-19 on Economic and Business Activity
First written in FY2020. 2 of 9 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2023-Q3.
Matsuda Sangyo moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 88 of 125 companies on the "Worse" side.
2 other companies' latest entry also says "Other".
- FY2023-Q3The domestic impact of the outbreak has eased, but the spread of the outbreak in China is identified as a downside factorAnnual report
「However, concerns about downside risks have continued due to global inflation and the spread of COVID-19 in China.」
While the impact of infectious diseases in Japan was partly mitigated by the lifting of restrictions on activities and other factors, the spread of infectious diseases in China was identified as a downside risk to the global economy. - FY2023-Q1MitigatedAnnual report
「The food manufacturing industry, the main customer base for this business, showed signs of recovery, led by the food-service industry, as the impact of COVID-19 subsided. However, overall conditions remained challenging because consumers became more inclined to economize following a series of price increase announcements prompted by rising raw material prices and the sharp depreciation of the yen.」
In the food manufacturing industry, the impact of infectious diseases eased and the food service industry and other sectors showed signs of recovery. While the impact of infectious diseases was partly mitigated, challenging conditions caused by higher raw material prices and the weaker yen remained. - FY2022MitigatedAnnual report
「With the spread of COVID-19 vaccines, the overall economy showed signs of recovery, particularly in Europe and the United States, while the impact of the disease in Japan appeared to subside. Corporate earnings, production activity and personal consumption consequently remained on a gradual recovery trend.」
The impact of infectious diseases on economic activity appeared to be easing in Japan, and the company indicated that corporate earnings, production activity and personal consumption were on a gradual recovery trend. However, new sources of uncertainty, including supply disruptions, remained. - FY2022-Q3Recovery trend continues, but the impact of infectious diseases and supply disruptions persistAnnual report
「During the cumulative third quarter of the fiscal year, production activity stalled and supply chains were disrupted due to intermittent outbreaks of COVID-19, although the global economy showed signs of an overall recovery.」
While intermittent outbreaks of infectious diseases caused production disruptions and supply chain disruptions, the overall economy showed signs of recovery. - FY2022-Q2Recovery is progressing, but the impact of infectious diseases and uncertainty persistAnnual report
「During the cumulative second quarter of the fiscal year, the global economy was gradually recovering from the economic damage caused by the COVID-19 pandemic, but the outlook for production activity and personal consumption remained uncertain against a backdrop of restrictions in various countries and regions.」
While recovery from the economic damage caused by infectious diseases is progressing, the impact on production activity and personal consumption, as well as uncertainty over the outlook, remains against a backdrop of restrictions in various countries and regions. - FY2022-Q1RestatedAnnual report
「During the cumulative consolidated period under review, Japan's economy remained in a difficult situation due to the impact of COVID-19, with signs of recovery in production activity and corporate earnings but weakness in personal consumption.」
Weak personal consumption due to the impact of infectious diseases and a challenging economic environment have continued, and the actual impact of infectious disease risks continues to be described. - FY2021-Q3MaterialisedAnnual report
「Overall conditions became difficult as the resurgence of COVID-19 caused the food-service industry and souvenir sales to stagnate and reduced demand for food products for commercial use.」
The business environment affecting the food-related business is described as a slump in food service and souvenir sales due to the resurgence of infectious diseases, along with shrinking demand for food products for commercial use. - FY2021-Q1MaterialisedAnnual report
「The electronics industry, a major customer of this business, faced challenging conditions overall, with restrictions and voluntary restraints related to the spread of COVID-19 causing plant shutdowns and production cutbacks, as well as declining production in the electronic components and devices sector.」
The company stated that the suspension or reduction of operations and the resulting decline in production due to restrictions and calls for self-restraint accompanying the spread of COVID-19 had actually occurred in its main customer industries. - FY2020First statedAnnual report
「Meanwhile, developments changed significantly this year due to the spread of COVID-19 in Japan and overseas. The global economy is deteriorating rapidly as economic activity stagnates, and downside risks have increased further due to the impact of COVID-19, in addition to ongoing issues such as volatility in financial and capital markets and developments in trade issues, leaving the outlook even more uncertain.」
The company stated for the first time in a consolidated manner that the spread of COVID-19 had actually affected economic activity, identifying deterioration in the global economy and potential effects on business activities and financial position as major risks.