Impact of the Pandemic on Economic Activity and Consumption
First written in FY2021. 6 of 12 entries say "Restated". Latest entry: FY2024.
Iceco moved to the "Worse" side of this theme in 2022, 2 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 112 of 175 companies on the "Worse" side.
17 other companies' latest entry also says "Softened".
- FY2024SoftenedAnnual report
「During the fiscal year, Japan's economy made progress toward normalizing economic activity following the reclassification of COVID-19 as a Category 5 disease. However, persistently high prices owing to higher raw material prices and other factors increased consumers' propensity to save, and the economy remained in an uncertain state with no clear outlook.」
The impact of infectious diseases on economic activity was described as having normalized following the reclassification as a Category 5 disease, reducing its emphasis compared with previous reports. However, uncertainty owing to high prices and consumers' propensity to save continues. - FY2024-Q2RestatedAnnual report
「During the cumulative first six months of the fiscal year, Japan's economy remained in an uncertain state with no clear outlook, although COVID-19 appeared to be settling down following its reclassification as a Category 5 disease, amid globally rising raw material prices and inflation driven by the weaker yen.」
While COVID-19 was described as settling down, uncertainty owing to higher raw material prices and inflation driven by the weaker yen continues. - FY2024-Q1SoftenedAnnual report
「During the cumulative first three months of the fiscal year, Japan's economy remained in an uncertain state with no clear outlook, although COVID-19 appeared to be settling down following its reclassification as a Category 5 disease, amid globally rising raw material prices and inflation driven by the weaker yen.」
COVID-19 was described as settling down after its reclassification as a Category 5 disease, and references to its economic impact were reduced. However, uncertainty stemming from higher raw material prices and inflation driven by the weaker yen remains. - FY2023SoftenedAnnual report
「During the fiscal year, Japan's economy showed signs of recovery in economic activity as restrictions were eased. However, the impact on personal consumption of globally rising raw material prices was becoming apparent, and the economy remained in an uncertain state with no clear outlook.」
The explicit reference to a resurgence of infectious diseases in the previous quarterly report has been removed. While the report indicates that activity restrictions have been eased and the economy is showing signs of recovery, uncertainty owing to higher raw material prices remains. - FY2023-Q3RestatedAnnual report
「During the cumulative first nine months of the fiscal year, Japan's economy showed signs of recovery in economic activity as restrictions were eased. However, the resurgence of COVID-19, worsening conditions in Russia and Ukraine, and the impact on personal consumption of globally rising raw material prices were becoming apparent, and the economy remained in an uncertain state with no clear outlook.」
While there are signs of a recovery as activity restrictions are eased, uncertainty continues owing to the resurgence of infectious diseases, worsening conditions in Russia and Ukraine, and the impact of higher raw material prices on personal consumption. - FY2023-Q2WorsenedAnnual report
「During the cumulative first six months of the fiscal year, Japan's economy showed signs of recovery in economic activity as restrictions were eased. However, the resurgence of COVID-19, worsening conditions in Russia and Ukraine, and the impact on personal consumption of globally rising raw material prices were becoming apparent, and the economy remained in an uncertain state with no clear outlook.」
It explains that, while there are signs of a recovery as activity restrictions are eased, the resurgence of infectious diseases, worsening conditions in Russia and Ukraine, and the impact of higher raw material prices on personal consumption are becoming apparent. - FY2023-Q1WorsenedAnnual report
「During the cumulative first quarter, economic activity showed signs of recovery as restrictions were eased. However, the outlook remained uncertain and unpredictable as the impact on personal consumption of the renewed spread of COVID-19, worsening Russia-Ukraine conditions and soaring global raw-material prices began to emerge.」
It explains that, while there are signs of a recovery as activity restrictions are eased, the resurgence of infectious diseases, worsening conditions in Russia and Ukraine, and the impact of higher raw material prices on personal consumption are becoming apparent. - FY2022RestatedAnnual report
「During the fiscal year, Japan's economy was gradually returning to normal as vaccinations progressed and the state of emergency was lifted despite the impact of COVID-19. However, the outlook remained uncertain and unpredictable as the impact on personal consumption of Russia's invasion of Ukraine and soaring global raw-material prices began to emerge.」
Although the company describes improvements resulting from vaccinations and the lifting of the state of emergency, it explains that the impact of COVID-19 and the uncertain economic environment have continued. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter, Japan's economy continued to be affected by COVID-19, which had persisted since the previous fiscal year. Although vaccinations progressed, the state of emergency was lifted and daily life was gradually returning to normal, the outlook remained uncertain and unpredictable due in part to the impact of new variants and other factors.」
Although the company describes improvements resulting from progress in vaccinations and the lifting of the state of emergency, it explains that the impact of infectious diseases and economic uncertainty have continued due to new variants and other factors. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter, Japan's economy continued to be affected by COVID-19, which had persisted since the previous fiscal year. Although vaccinations were progressing, the economy remained in an uncertain and unpredictable state due in part to the impact of more highly transmissible variants.」
Although vaccinations were progressing, the impact of infectious diseases and the uncertain economic environment continued due to the impact of variants and other factors. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter, Japan's economy remained in an uncertain and unpredictable state, as the spread of COVID-19 that began in the previous fiscal year continued unabated, leading to sluggish personal consumption and restrictions on economic activity.」
The company states that the spread of the infection, sluggish personal consumption, restrictions on economic activity and an uncertain outlook have continued to occur and persist. - FY2021MaterialisedAnnual report
「During the fiscal year, Japan's economy was in an extremely difficult situation as the spread of COVID-19 led the government to issue a state of emergency in April 2020, and consumer activity declined significantly due to requests to refrain from going out and other measures.」
The spread of the infection, the declaration of a state of emergency and the decline in consumer activity are described as events that had already occurred. Meanwhile, the future impact of a prolonged outbreak continues to be presented as a possibility.