Production delays and weak consumption due to COVID-19
First written in FY2020. 4 of 15 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2024-Q3.
Doshisha moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
6 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「During the third quarter of the fiscal year under review, economic activity was moving toward normalization following the reclassification of COVID-19 to Category 5. However, consumers remained highly focused on protecting their standard of living due to persistently high energy prices and successive price increases, and the outlook remained uncertain.」
While indicating the normalization of economic activity following the reclassification of COVID-19 to Category 5, the disclosure reconfirms that consumers remained highly focused on protecting their standard of living due to persistently high energy prices and rising prices, and that uncertainty about the outlook continued. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter, economic activity was progressing toward normalization following the reclassification of COVID-19 to Category 5. However, consumers remained highly focused on protecting household finances amid persistently high energy prices and successive price increases, and uncertainty about the outlook continued.」
The disclosure reconfirms that economic activity was moving toward normalization following the reclassification of COVID-19 to Category 5, while uncertainty remained in the consumption environment due to rising prices and other factors. - FY2024-Q1MitigatedAnnual report
「During the first quarter of the fiscal year under review, the classification of COVID-19 under the Infectious Diseases Control Law was revised in May 2023, and economic activity was moving toward normalization.」
The disclosure states that economic activity was moving toward normalization following the revision of the disease classification under the Infectious Diseases Control Law, indicating a partial easing of the restrictions on economic activity previously caused by the infectious disease. - FY2023RestatedAnnual report
「During the fiscal year under review, the Japanese economy saw a recovery in demand in industries such as travel and dining out due to the easing of restrictions on activities related to COVID-19, travel-support measures and an increase in foreign visitors, although」
The disclosure describes a recovery in demand resulting from the easing of restrictions on activities, travel-support measures and an increase in foreign visitors, confirming again on an annual basis the partial easing of the consumption constraints caused by the infectious disease. - FY2023-Q3MitigatedAnnual report
「During the third quarter of the fiscal year under review, the Japanese economy saw a recovery in demand in industries such as travel and dining out as restrictions on activities related to COVID-19 were eased and travel-support measures were introduced, although」
The disclosure states that demand recovered in areas such as travel and dining out due to the easing of restrictions on activities associated with COVID-19 and travel-support measures. This indicates a partial easing of the consumption constraints caused by the infectious disease. - FY2023-Q2MitigatedAnnual report
「During the second quarter of the fiscal year under review, the Japanese economy saw gradual signs of recovery in personal consumption as restrictions on activities related to COVID-19 were eased.」
Restrictions on activities associated with COVID-19 were eased, and personal consumption showed signs of a gradual recovery. This indicates a partial easing of the consumption constraints caused by the infectious disease. - FY2023-Q1MaterialisedAnnual report
「In the home appliance business, sales fell below the previous year, partly because the resurgence of infections in China affected logistics for incoming shipments.」
The renewed spread of COVID-19 in China affected inbound logistics, which was reflected in business activity as home-appliance sales fell below the previous year's level. - FY2022-Q3WorsenedAnnual report
「Domestic consumption had been moving toward a recovery as the number of new COVID-19 cases in Japan declined and the vaccination rate through the second dose progressed to a high level. However, the discovery of a new variant led to stronger border-control measures for arrivals from overseas, and the situation remains unpredictable.」
The disclosure indicates that, while the number of infections was declining and vaccinations were progressing, uncertainty surrounding the infectious disease continued and increased due to the discovery of a new variant and stronger border-control measures. - FY2022-Q2MaterialisedAnnual report
「Although COVID-19 vaccinations in Japan had progressed, the spread of the fifth wave of infections, centered on variants, led to another state of emergency being declared from July through the end of September. In addition, unusually prolonged rain in August affected weather conditions, and the environment for consumption remained difficult.」
The fifth wave of COVID-19 and another state of emergency actually occurred, and these are described as factors contributing to the difficult consumption environment. - FY2022-Q1WorsenedAnnual report
「During the first quarter of the fiscal year under review, the Japanese economy remained in an extremely difficult situation, continuing to face restrictions on socioeconomic activity due to the renewed spread of COVID-19, including the declaration of the third state of emergency in April 2021.」
Restrictions on socioeconomic activity, including the third state of emergency, continued due to the renewed spread of COVID-19, and the business environment is described as extremely difficult. - FY2021WorsenedAnnual report
「The outlook for the impact of COVID-19 remains highly uncertain. Depending on the future spread of infections, the Group's results could be materially affected by the closure of customer stores, a decline in consumption, delays in logistics and other factors.」
The possibility that the spread of infections could materially affect results through the closure of customer stores, a decline in consumption and delays in logistics is listed as a separate risk item. - FY2021-Q3MaterialisedAnnual report
「Moreover, as infections began to spread again toward winter, economic activity was restricted once more, further increasing uncertainty about the outlook.」
The renewed spread of COVID-19 has resulted in renewed restrictions on economic activity and growing uncertainty about the outlook becoming apparent in the actual business environment. - FY2021-Q2WorsenedAnnual report
「Although economic activity has been gradually expanded after the state of emergency was lifted, based on measures to prevent the spread of infection, there is still no prospect of containment in Japan or overseas, and uncertainty about the outlook continues.」
The disclosure states that, even after the state of emergency was lifted, there was no prospect of containment in Japan or overseas and uncertainty about the outlook continued. - FY2021-Q1MaterialisedAnnual report
「In April 2020, the government declared a state of emergency, requesting people to refrain from going out and stores to close temporarily. This had a significant impact on consumption, and even after the state of emergency was lifted, consumption trends changed substantially as people were required to adopt a new lifestyle.」
The state of emergency related to COVID-19, requests to refrain from going out, and store closures actually occurred and emerged as changes in the business environment through their impact on consumption trends. - FY2020First statedAnnual report
「The Group may be affected by changes in economic conditions in Japan and overseas and by consumer spending trends influenced by factors such as abnormal weather that directly affects consumption. In particular, COVID-19 may have a significant impact on the economy and corporate activities.」
COVID-19 is explicitly identified as a standalone risk that could have a significant impact on economic and corporate activities. The disclosure also states that production and procurement delays in China and lower demand for premium products occurred in the results period.