Economic and earnings impact of the spread of COVID-19
First written in FY2020. 6 of 17 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2026DroppedAnnual report
「Japan’s domestic economy is currently showing continued signs of a moderate recovery, but consumption and corporate activities continue to be significantly affected by the situation in the Middle East, U.S. policy developments, and higher prices for goods and energy, among other factors.」
The economic and operating-results impact of COVID-19, which had been described through the previous fiscal year, was not listed as an independent item under the operating environment and business risks for the current fiscal year. - FY2024MitigatedAnnual report
「During the current consolidated fiscal year, Japan’s economy showed a gradual recovery after restrictions on activities related to COVID-19 were eased. However, the outlook remained uncertain amid concerns about rising prices associated with the prolonged situation in Ukraine and foreign-exchange fluctuations, as well as an economic slowdown resulting from global monetary tightening.」
A recovery after the easing of restrictions associated with COVID-19 was indicated, and the previous business impact of the disease had eased to some extent. However, other external-environment risks remained. - FY2024-Q2RestatedAnnual report
「While a gradual recovery was observed after restrictions on activities related to COVID-19 were eased,」
For COVID-19, the Company reconfirmed that economic activity had recovered after restrictions were eased, while uncertainty in the external environment remained. - FY2024-Q1MitigatedAnnual report
「A gradual recovery was observed as restrictions on activities related to COVID-19 were eased and the disease was reclassified under the Infectious Diseases Act as a Category V infectious disease.」
For COVID-19, the easing of restrictions on activities and reclassification as a Category V infectious disease indicate a gradual recovery in economic activity and visitor numbers at customers’ stores. - FY2023MitigatedAnnual report
「Restrictions on activities related to COVID-19 had been gradually eased since 2020, and efforts to normalize economic activity continued regardless of fluctuations in the number of new infections.」
For COVID-19, the report states that the easing of restrictions on activities and efforts to normalize economic activity continued, indicating that the previous impact on the business had eased to some extent. - FY2023-Q3RestatedAnnual report
「Regarding the effects of COVID-19, our Group has made no material changes to the assumptions in place at the end of the previous consolidated fiscal year. Based on these assumptions, when recognizing deferred tax assets of ¥23.112 million, we estimate future taxable income and assess their recoverability.」
Although the Company stated that there had been no material changes to the assumptions regarding the impact of COVID-19 as of the end of the previous consolidated fiscal year, it reconfirmed the possibility that deferred tax assets could be reduced if the impact exceeds expectations. - FY2023-Q2RestatedAnnual report
「This assumption involves a high degree of uncertainty. If the spread of COVID-19 or its economic impact changes from the initial assumptions, deferred tax assets may be reduced and tax expense may be recognized.」
Although the Company stated that there had been no material changes to the assumptions regarding the impact of COVID-19 as of the end of the previous consolidated fiscal year, it reconfirmed the risk of a reduction in deferred tax assets if the impact exceeds expectations. - FY2023-Q1MitigatedAnnual report
「As the number of COVID-19 cases showed a declining trend from February 2020, signs emerged of easing restrictions on activities and gradually increasing the level of economic activity and exchanges with overseas.」
For COVID-19, the report describes a declining trend in infections, eased restrictions on activities and a gradual increase in economic activity, indicating that the previous impact has eased to some extent. - FY2022RestatedAnnual report
「Although it is difficult for the Group to accurately predict when COVID-19 will subside, the Group assumes that its effects will continue to a certain extent from March 2022 onward.」
The Group assumed that the impact of COVID-19 would continue to a certain extent in the following fiscal year and beyond, reconfirming the uncertainty surrounding its economic and operating-results impact. - FY2022-Q3RestatedAnnual report
「As a new COVID-19 variant, Omicron, spread rapidly overseas and new domestic cases of the variant were identified, the outlook remained uncertain.」
While vaccination rates were rising and economic activity was beginning to recover, uncertainty over the economic and operating-results impact of COVID-19 continued because of the spread of new variants. - FY2022-Q2RestatedAnnual report
「The serious impact on domestic and international economies from the global spread of COVID-19 since February 2020 continued. In Japan, the government repeatedly issued and lifted states of emergency on multiple occasions as variants spread, and the outlook remained uncertain.」
The economic impact of COVID-19 and the effects of states of emergency, which led to temporary closures and reduced operating hours at customers’ stores, continued. - FY2022-Q1WorsenedAnnual report
「During the first quarter of the current consolidated fiscal year, Japan’s economy continued to face serious domestic and international economic effects from the global spread of COVID-19 since February 2020. In addition, on 25 April 2021, the government issued a third state of emergency declaration. Although large-scale COVID-19 vaccination programs launched in major metropolitan areas are expected to further suppress infections, the outlook remains uncertain.」
Amid the continuing economic impact of COVID-19, a third state of emergency was declared, and uncertainty about the outlook continued. - FY2021WorsenedAnnual report
「The Group’s net sales were ¥5,357 million, down 18.9% from the previous fiscal year, operating income was ¥224 million, down 63.2%, ordinary income was ¥230 million, down 62.3%, and net income attributable to owners of the parent was ¥285 million, down 45.9%, with both revenue and profit substantially below the previous fiscal year’s results.」
The impact of the spread of COVID-19 was evident for the full year, and net sales, operating income, ordinary income and net income were substantially below the previous fiscal year. - FY2021-Q3WorsenedAnnual report
「In the Character Entertainment business, customer stores were repeatedly closed temporarily in the spring of the previous year due to the spread of COVID-19, substantially reducing orders for evergreen characters. In addition, shipments of ordered products were postponed at the strong request of customers, and the launch of new content was delayed because of unstable market conditions. As a result, sales were ¥2,151 million, down 35.0% year on year, and operating profit was ¥139 million, down 66.4%.」
While the effects of store closures, declining orders and shipment delays caused by the spread of COVID-19 continued, delays in the launch of new content were added, and the impact continued in the form of lower revenue and profit in the Character Entertainment business. - FY2021-Q2WorsenedAnnual report
「This spring, the spread of COVID-19 led to a succession of temporary closures at customers’ stores, causing a substantial decline in orders for standard character products. In addition, strong requests from customers forced the Company to postpone shipments of products already ordered.」
Temporary closures of customers’ stores, declining orders and shipment delays associated with the spread of COVID-19 continued into the second quarter, with the impact expanding in the form of lower revenue and profit in the Character Entertainment business. - FY2021-Q1MaterialisedAnnual report
「In Japan, following the government’s declaration of a state of emergency on 7 April, the industry was also seriously affected as requests to suspend operations led to a succession of temporary closures.」
The state of emergency declaration associated with the spread of COVID-19, temporary closures of customers’ stores and delays in shipping ordered products actually occurred, with a concrete impact on operating results. - FY2020First statedAnnual report
「In particular, the spread of the novel coronavirus during the year also affected the Group’s operating results.」
The spread of COVID-19 and its economic impact emerged independently for the first time as an external risk during the period. Additional information assumes that the impact will continue for approximately one year from the current point.