Economic Activity Slowdown Caused by COVID-19
First written in FY2021-Q1. 5 of 13 entries say "Softened", first in FY2023-Q1. Latest entry: FY2024.
Rix moved to the "Worse" side of this theme in 2023, 3 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 110 of 172 companies on the "Worse" side.
17 other companies' latest entry also says "Softened".
- FY2024SoftenedAnnual report
「Inbound demand in Japan's service sector continued to recover, with the number of visitors to Japan reaching a record high for a single month. In manufacturing, capital investment showed an upward trend, supported by the recovery of overseas economies.」
The focus shifted from a period dominated by stagnation in economic activity caused by the pandemic to a recovery in inbound demand and capital investment, indicating that the perceived impact is easing. - FY2024-Q1SoftenedAnnual report
「The Japanese economy also continued to recover, particularly in the service sector, partly because COVID-19 was reclassified as a Category V disease, and inbound demand also continued to recover.」
Against the backdrop of COVID-19 being reclassified as a Category V disease, the disclosure states that the service sector and inbound demand continued to recover, indicating progress toward normalization from a period dominated by pandemic-related stagnation in economic activity. - FY2023SoftenedAnnual report
「Selling, general and administrative expenses increased 16.0% year on year, mainly because selling expenses rose as COVID-19 subsided and total personnel expenses increased due to a larger workforce.」
The disclosure states that selling expenses increased as COVID-19 subsided, indicating a shift from a period dominated by stagnation in economic activity caused by the pandemic toward normalization. - FY2023-Q3SoftenedAnnual report
「The Japanese economy saw a recovery in inbound demand as border-control measures for visitors to Japan were eased, while there were also signs of increased willingness to invest in capital equipment in the service sector and in decarbonization with a view to the post-COVID era.」
The focus shifted from stagnation in economic activity caused by the pandemic to a recovery in demand following the easing of border-control measures and increased willingness to invest with a view to the post-COVID era, indicating that the perceived impact is easing. - FY2023-Q2Renewed infection spread alongside increased capital investmentAnnual report
「Although the Japanese economy saw personal consumption decline due to a resurgence of infections during the summer, corporate capital investment in digitalization, labor saving and related areas has continued to trend upward.」
Although personal consumption declined due to the summer resurgence of infections, corporate capital investment in digitalization and labor saving has continued to trend upward. - FY2023-Q1SoftenedAnnual report
「Inflation advanced as prices for raw materials, energy and food rose due to the situation involving Russia and Ukraine, but consumption increased steadily as lifestyles adapted to living with COVID-19.」
The focus shifted from stagnation in economic activity caused by the pandemic to the adoption of lifestyles adapted to living with COVID-19 and rising consumption, indicating that economic activity is normalizing. - FY2022-Q3Progress in containing infections and normalizing economic activityAnnual report
「Although higher raw material prices remained a concern for the Japanese economy, COVID-19 infections were contained more effectively than in other countries, and signs of economic normalization emerged.」
In Japan, infections were more effectively contained than in other countries, and signs of economic normalization emerged. Higher raw material prices, however, remained a concern. - FY2022-Q2Supply constraints caused by renewed infection spread alongside a slowdown in the economic recoveryAnnual report
「During the consolidated cumulative second quarter under review, the global economy experienced supply constraints due to a resurgence of COVID-19 infections, slowing the momentum of the economic recovery.」
The disclosure states that a resurgence of infections caused supply constraints and slowed the momentum of the economic recovery. - FY2022-Q1Recovery in major economies coexists with ongoing infections and concerns over renewed spreadAnnual report
「During the three-month period ended in the first quarter, major economies such as the United States and China showed strong recoveries, while many emerging and developing economies continued to be affected by the COVID-19 pandemic, resulting in uneven recoveries. Japan's economy also showed a marked recovery, mainly in manufacturing, but the renewed spread of COVID-19 remained a concern for the economic outlook after the government issued a third state of emergency, mainly in major metropolitan areas.」
Although the impact of the pandemic on economic activity continues, signs of recovery have emerged in the manufacturing sectors of the United States, China and Japan, with the extent of the impact varying by region and industry. - FY2021Severe impact in the first half of the fiscal year alongside recovery in the second halfAnnual report
「In the first half of the fiscal year ending March 2021, orders and sales declined sharply due to factors including lower customer capital investment and reduced production activity, but a gradual recovery trend emerged from the second half of the fiscal year. In the fiscal year ending March 2022, although orders and sales are expected to remain affected to a certain extent, we anticipate that economic activity will normalize as vaccination rates increase.」
The sharp decline in orders and sales in the first half of the fiscal year due to COVID-19 was reflected in the results, while a recovery in the second half and an expected return to normal conditions in the following fiscal year were also described. - FY2021-Q3Partial normalization coexists with concerns over renewed spread of infections and prolonged stagnationAnnual report
「During the nine-month period ended in the third quarter, the global economy remained impossible to forecast. In some countries, corporate activity and economic conditions were normalized quickly as COVID-19 subsided, but the approval and supply of vaccines were delayed, the spread of infections became even more severe, and many countries in some regions went into lockdown, raising concerns over a prolonged stagnation in economic activity.」
Although business activity is normalizing in some countries, a resurgence of infections, lockdowns, delays in vaccine supplies and concern about a prolonged stagnation in economic activity persist concurrently. - FY2021-Q2RestatedAnnual report
「During the six-month period ended in the second quarter, the global economy remained impossible to forecast, as the situation in which corporate earnings and capital investment had fallen sharply because of COVID-19 had yet to improve. In Japan, although personal consumption and production showed signs of recovery after the lifting of the state of emergency, the economy remained in a difficult situation, with companies taking a cautious stance toward capital investment because of the uncertain economic outlook.」
The impact of COVID-19 on corporate earnings and capital investment has not improved, while stagnant economic activity and uncertainty about the outlook continue. - FY2021-Q1MaterialisedAnnual report
「During the consolidated cumulative first quarter under review, the global economy saw growing uncertainty about the outlook as economic activity stagnated amid the continued US-China conflict over trade and the situation in Hong Kong, together with the global spread of COVID-19. The Japanese economy, meanwhile, faced extremely difficult conditions due to the impact of COVID-19, including a decline in consumption as people refrained from going out following the declaration of a state of emergency and companies taking a cautious stance toward capital investment because of the uncertain economic outlook.」
The global spread of COVID-19, stagnation in economic activity, weaker consumption and a cautious stance toward capital investment were listed independently for the first time as the actual business environment.