Resurgence of COVID-19 and Restrictions on Economic Activity
First written in FY2021-Q3. 9 of 12 entries say "Restated". Latest entry: FY2024-Q2.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024-Q2SoftenedAnnual report
「During the cumulative second quarter under review, Japan's economic activity moved toward normalization as personal consumption sentiment and inbound demand recovered following the reclassification of COVID-19 as a Class 5 infectious disease.」
The transition of COVID-19 to Class 5 and the normalization of economic activity are described, indicating that the previously identified risk of activity being constrained by the infectious disease has diminished further. - FY2024-Q1RestatedAnnual report
「As restrictions on activity related to COVID-19 were eased, personal consumption entered a recovery trend and domestic economic activity moved toward normalization.」
While the easing of restrictions on activity and the normalization of economic activity continue, the economic environment is described in relation to the previously identified risks concerning the infectious disease. - FY2023SoftenedAnnual report
「While restrictions on activity imposed due to the prolonged COVID-19 pandemic were eased and economic activity gradually moved toward normalization」
The impact of COVID-19 continues, but the easing of restrictions on activity and the normalization of economic activity are described, indicating that the previously identified risk of constrained activity has diminished. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter under review, the impact of COVID-19 continued for an extended period, but signs of progress toward the normalization of social and economic activity emerged as restrictions on activity were eased. Meanwhile, the effects of the global semiconductor shortage, soaring raw-material and fuel prices, and disruptions to logistics networks continued, and the spread of COVID-19 variants has recently increased, leaving the outlook uncertain.」
While the prolonged impact of the infectious disease and the spread of variants continue to create uncertainty in the economic environment, progress toward normalization following the easing of restrictions on activity is also described. - FY2023-Q2RestatedAnnual report
「The impact of the spread of COVID-19 is described in “II. Business Conditions, 2. Analysis of Financial Position, Operating Results and Cash Flows by Management.” However, there have been no material changes to the assumptions underlying the accounting estimates from those described under “Significant Accounting Estimates” in the annual securities report for the previous consolidated fiscal year.」
It is stated that there have been no material changes to the assumptions underlying accounting estimates concerning the impact of COVID-19. - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter under review, Japan's economy was moving toward recovery as restrictions on activity to counter COVID-19 were eased and the resumption of economic activity was anticipated, but uncertainty remained high due to the global semiconductor shortage, soaring raw-material and fuel prices, disruptions to logistics networks, the prolonged situation in Ukraine, and restrictions on economic activity in China. In addition, variants have recently begun spreading again」
While the easing of restrictions on activity and the resumption of economic activity are anticipated, uncertainty remains over infectious-disease trends, including the renewed spread of variants, and the economic environment. - FY2022RestatedAnnual report
「In addition, the timing of the containment of COVID-19 remains uncertain.」
Risk awareness remains elevated over the uncertain timing of the containment of COVID-19. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter under review, Japan's economy showed signs of recovery from the impact of COVID-19, but the effects of the global semiconductor shortage, soaring raw-material and fuel prices, and disruptions to logistics networks continued. In addition, the spread of variants has recently increased, and the outlook remains uncertain.」
Uncertainty in the economic environment due to the impact of COVID-19 and the spread of variants remains elevated. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter under review, Japan's economic and social activity was significantly constrained by the repeated declarations of a state of emergency due to the impact of COVID-19. Although the spread of vaccinations and other developments are expected to support the normalization of the economy, the situation remains unpredictable due to trends in infectious diseases in Japan and overseas and disruptions to supply chains.」
In addition to restrictions on economic activity under the state of emergency and uncertainty over infectious-disease trends, continued reference is made to supply-chain disruptions. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter under review, Japan's economy remained in a difficult situation due to the impact of COVID-19, although a recovery is expected as measures to prevent the spread of infection are implemented in Japan and overseas and vaccinations are promoted. However, close attention is required to the downside risk to the global economy from changes in the future spread of infection, and the outlook remains uncertain.」
Awareness remains elevated regarding the challenging economic environment caused by COVID-19 and the downside risk to the economy from changes in the spread of infection. - FY2021RestatedAnnual report
「The timing of the end of the COVID-19 pandemic remains uncertain.」
Risk awareness remains elevated over the still-uncertain timing of the containment of the infectious disease. - FY2021-Q3MaterialisedAnnual report
「The economy remains extremely uncertain due to significant restrictions on domestic and overseas economic activity accompanying the renewed spread of COVID-19.」
The renewed spread of the infectious disease and restrictions on economic activity are described as risks that materialized. At the same time, the company assumes that the impact on business performance is minor because of its non-contact, non-face-to-face services.