Impact of the Worldwide Spread of COVID-19 on Economic Activity
First written in FY2020-Q3. 8 of 15 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2020: 112 of 175 companies on the "Worse" side.
55 other companies' latest entry also says "Dropped".
- FY2025DroppedAnnual report
「During the fiscal year under review, the global economy remained uncertain owing to fluctuations in resource prices and foreign exchange rates, among other factors, although stable demand was seen in the healthcare sector.」
The FY2025 description of the economic environment no longer referred to the global spread of COVID-19 and instead addressed fluctuations in resource prices and foreign exchange rates and demand in the healthcare sector. - FY2024RestatedAnnual report
「During the fiscal year under review, the prolonged situation surrounding Ukraine, persistent inflation and China's economic slowdown globally affected global economic activity, and economic conditions remained difficult to predict.」
While the domestic impact of COVID-19 receded, uncertainty in the global economy resulting from the situation surrounding Ukraine, inflation and China's economic slowdown continued to be noted. - FY2024-Q2Normalisation of the domestic economy and lower demand for testingAnnual report
「The classification of COVID-19 under the Infectious Diseases Control Law had already been moved to Category 5, normalisation of socioeconomic activity had progressed, and the economy was recovering despite rising prices. Sales of the Company's proprietary fully automated PCR testing systems and related dedicated reagents and consumables declined both in Japan and overseas, affected by the trend toward the end of the COVID-19 pandemic.」
While normalisation of socioeconomic activity progressed in Japan following the reclassification of COVID-19 to Category 5, sales of the Company's proprietary PCR systems, reagents and other products continued to decline as testing demand subsided. - FY2024-Q1Easing of the domestic impact of COVID-19Annual report
「During the three-month period under review, Japan's economy recovered moderately as the classification of COVID-19 under the Infectious Diseases Control Law was moved to Category 5, normalisation of socioeconomic activity progressed and economic conditions improved.」
The disclosure stated that the reclassification of COVID-19 to Category 5 in Japan had advanced the normalisation of socioeconomic activity, changing the description from the previous impact of the spread of infection on the domestic economy. Meanwhile, business effects continued in the form of lower demand for testing-related products. - FY2023-Q3Changes in the nature of global economic risksAnnual report
「During the nine-month period under review, Japan's economy showed signs that the spread of the novel coronavirus disease (COVID-19) was beginning to subside domestically. Globally, however, the prolonged situation surrounding Ukraine, persistent inflation and China's economic slowdown have affected global economic activity, and economic conditions remain difficult to predict.」
While signs of the COVID-19 pandemic coming to an end have emerged domestically, the prolonged situation surrounding Ukraine, persistent inflation and China's economic slowdown were identified globally as factors affecting global economic activity. - FY2023-Q2RestatedAnnual report
「During the six-month period ended the current second quarter, the Japanese economy remained in an unpredictable situation as the global spread of the novel coronavirus disease COVID-19 had a significant impact on global economic activity.」
The effects of COVID-19 on global economic activity and uncertainty surrounding economic conditions continued to be noted. - FY2023-Q1Signs of an end to the outbreak domestically; global impact continuesAnnual report
「During the three-month period ended the current first quarter, signs of an end to the spread of COVID-19 were emerging in Japan, but significant impacts remained in some regions worldwide, affecting global economic activity, and economic conditions remained unpredictable.」
While signs of the COVID-19 pandemic coming to an end have emerged domestically, its effects remain in some regions of the world, and uncertainty surrounding global economic activity and economic conditions persists. - FY2022-Q3RestatedAnnual report
「During the nine-month period ended the current third quarter, conditions remained unpredictable due to the adverse impact of the global spread of COVID-19 on global economic activity, as well as the effects of the conflict in Ukraine and high resource prices.」
The adverse impact of COVID-19 on global economic activity continued to be reported. In addition, the effects of the conflict in Ukraine and high resource prices were newly specified. - FY2022-Q2RestatedAnnual report
「During the six-month period ended the current second quarter, the Japanese economy remained in an unpredictable situation as the global spread of the novel coronavirus disease COVID-19 had a significant impact on global economic activity.」
The impact of COVID-19 on global economic activity and uncertainty surrounding economic conditions continued to be reported. Meanwhile, demand for testing-related products was reported as a factor contributing to business revenue. - FY2022-Q1RestatedAnnual report
「During the three-month period ended the current first quarter, signs of an end to the spread of COVID-19 were emerging in Japan, but significant impacts remained in some regions worldwide, affecting global economic activity, and economic conditions remained unpredictable.」
The impact of COVID-19 on global economic activity and uncertainty surrounding economic conditions continued to be reported. - FY2021RestatedAnnual report
「The spread of the novel coronavirus that began in 2020 continued throughout the world, including Japan, and countries continued to impose restrictions on movement, including measures under laws to prevent the spread of infectious diseases and lockdowns.」
The global spread of COVID-19 and restrictions on movement continued, and the risk assessment stated that the impact could continue in the future. Meanwhile, demand for testing was a factor behind increased sales. - FY2021-Q2RestatedAnnual report
「During the six-month period ended the current second quarter, the Japanese economy remained in an unpredictable situation as the global spread of the novel coronavirus disease COVID-19 had a significant impact on global economic activity.」
The impact of the global spread of COVID-19 on global economic activity continues to be reported. Meanwhile, demand for rapid definitive testing contributed to increased sales of equipment, reagents and consumables. - FY2021-Q1RestatedAnnual report
「During the three-month period ended the current first quarter, the Japanese economy remained in an unpredictable situation as the global spread of the novel coronavirus disease COVID-19 had a significant impact on global economic activity.」
The impact of the global spread of COVID-19 on global economic activity continues to be reported. Meanwhile, demand for rapid definitive testing contributed to increased sales of in-house branded products, OEM products, reagents and consumables. - FY2020MaterialisedAnnual report
「During the consolidated fiscal year, the Japanese economy remained in a difficult situation due to the impact of the consumption tax increase and COVID-19 infections, while economies around the world also continued to face difficult conditions as countries addressed the spread of COVID-19.」
The impact of the global spread of COVID-19 on economic activity was actually reported as an economic condition during the current consolidated fiscal year, rather than merely as a potential external risk. Meanwhile, increased demand for testing contributed to higher sales. - FY2020-Q3First statedAnnual report
「During the nine-month period ended the current third quarter, the Japanese economy remained in an unpredictable situation as the global spread of the novel coronavirus disease COVID-19 had a significant impact on global economic activity. In particular, sales of fully automated PCR testing systems, OEM products for ELItech, and automated DNA extraction equipment, together with related consumables such as extraction reagents and plastic consumables, remained strong in response to demand for rapid definitive testing for COVID-19 worldwide.」
Although the business risks section stated that there were no new risks, the impact of the global spread of COVID-19 on global economic activity and the impact on demand for rapid definitive testing were reported for the first time as business conditions.