Impact of the Spread of COVID-19 on Economic and Business Conditions
First written in FY2021-Q3. 6 of 14 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2020: 114 of 178 companies on the "Worse" side.
38 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「During the current interim consolidated accounting period, there were no material changes in the matters concerning business conditions, financial conditions and other items described in this interim report that management recognizes as major risks potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, nor in the “Business and Other Risks” described in the securities report for the previous consolidated fiscal year.」
States that there have been no material changes in the major risks, including existing risks related to COVID-19. - FY2024MitigatedAnnual report
「Although the economy is on a moderate recovery trend against the backdrop of normalization of economic activity following the relaxation of the legal classification of COVID-19 and increased inbound demand, uncertainty about the outlook continues due to volatility in the yen exchange rate and rising prices.」
Describes the relaxation of the legal classification of the disease and the normalization of economic activity, explaining that the restrictions on the economy previously caused by the disease have eased further. - FY2024-Q3MitigatedAnnual report
「While economic activity is resuming following the relaxation of the legal classification of COVID-19, uncertainty about the outlook continues, including regarding volatility in the yen exchange rate and price trends.」
States that the relaxation of the legal classification of the disease has allowed economic activity to resume and that restrictions caused directly by the disease have continued to ease. Meanwhile, it indicates uncertainty regarding foreign exchange rates and prices. - FY2024-Q2RestatedAnnual report
「While economic activity is resuming following the relaxation of the legal classification of COVID-19, uncertainty about the outlook continues due to downside risks from global monetary tightening, soaring resource prices and inflation caused by the yen’s depreciation.」
Continues to describe the relaxation of the legal classification of the disease and the resumption of economic activity, while explaining that external risks unrelated to the disease remain. - FY2024-Q1MitigatedAnnual report
「While economic activity is resuming as wage increases progress, particularly at large companies, and the legal classification of COVID-19 has been relaxed, uncertainty about the outlook continues due to downside risks from global monetary tightening, soaring resource prices and inflation caused by the yen’s depreciation.」
States that economic activity has resumed as the legal classification of COVID-19 was relaxed, indicating that restrictions on the business environment caused directly by the disease have eased further. - FY2023MitigatedAnnual report
「Regarding the serious impact of the disease, our group has established a telework framework and achieved productivity unchanged from before the spread of the disease. Accordingly, the disease has had no material impact on the estimates underlying the amounts reported in the consolidated financial statements for the current fiscal year.」
States that telework has prevented any material impact from the disease and explicitly indicates that the effects of the previously identified risk from the spread of infection have been mitigated. - FY2023-Q3MitigatedAnnual report
「While the impact of COVID-19 has eased and economic activity has moved toward normalization, factors weighing on the economy, including the prolonged conflict in Ukraine, soaring raw material prices and the yen’s depreciation, have become more prominent. The outlook therefore remains uncertain.」
States that the impact of COVID-19 has eased and economic activity has moved toward normalization. Meanwhile, external risks such as conflict, raw material prices and the yen’s depreciation persist. - FY2023-Q2MitigatedAnnual report
「During the six months ended [the second quarter] of the current fiscal year, Japan’s economy saw progress toward normalizing social and economic activity as vaccination against COVID-19 advanced. At the same time, supply constraints, particularly for semiconductors, price increases accompanying the rapid depreciation of the yen, the chronic rise in energy and resource prices and disruptions to logistics networks caused by unstable international conditions, and soaring ocean freight rates, among other factors, have intensified globally, slowing the pace of economic recovery.」
States that progress was made toward normalizing social and economic activity as vaccination advanced, indicating that restrictions caused directly by COVID-19 have eased to some extent. Meanwhile, other external factors, including supply constraints and logistics disruptions, have worsened significantly. - FY2023-Q1WorsenedAnnual report
「As the impact of COVID-19 continues for an extended period, new infections had been trending downward as vaccination progressed, but the number of infections has surged due to the spread of new variants. Uncertainty therefore remains high, and the situation continues to require close monitoring.」
Describes the surge in infections caused by the spread of new variants and the increasing uncertainty surrounding economic and business conditions. - FY2022-Q3RestatedAnnual report
「Japan’s economy remains in a difficult situation, including restrictions on economic activity caused by the spread of COVID-19. Although some signs of a resumption of domestic economic activity have emerged as vaccination rates rise and various measures to prevent the spread of infection are implemented, we expect uncertainty about the outlook to continue.」
While describing vaccination and moves toward resuming economic activity, it continues to indicate that the economic environment remains difficult due to the disease and that the outlook remains uncertain. - FY2022-Q2RestatedAnnual report
「Vaccination is progressing steadily, and developments toward normalizing economic activity are expected. However, as the future course of the disease remains uncertain, we expect the difficult conditions for economic recovery to continue.」
While describing the relaxation of restrictions on activity and progress in vaccination, it continues to indicate the view that the course of the disease is uncertain and economic recovery remains difficult. - FY2022-Q1RestatedAnnual report
「The prolonged global spread of COVID-19 continues to create a difficult situation.」
Continues to describe the prolonged spread of the disease and uncertainty surrounding economic and business conditions. - FY2021RestatedAnnual report
「The spread of COVID-19 may cause economic stagnation due to the threat of transmission and stay-at-home orders, as well as a decline in domestic consumption.」
Continues to identify the risks of economic stagnation and declining consumption due to the spread of the disease, and also indicates the possibility of business delays or interruptions caused by impacts on suppliers, logistics warehouses and employees. - FY2021-Q3First statedAnnual report
「The market surrounding our business is expected to continue expanding steadily, supported by the increasing diversity of products sold online, growth in the number of market participants, significant reductions in delivery times by logistics operators, widespread smartphone adoption and the increasing volume of information distributed through social media.」
The main text states that the pace of economic recovery slowed due to the resurgence of COVID-19, indicating that the impact of the spread of the disease has already emerged in the business environment.