Impact of the Spread of COVID-19 on Business and Performance
First written in FY2020. 2 of 7 entries say "Restated". Latest entry: FY2022.
1 other company's latest entry also says "Softened".
- FY2022Assumption that the impact of the pandemic will be limited from the fiscal year ending March 2023Annual report
「Although China's zero-COVID policy has had a downward impact on the economy, the accounting estimates for the current consolidated fiscal year, the fiscal year ended March 2022, are based on the assumption that the impact of COVID-19 on economic activity will be limited from the fiscal year ending March 2023 and that demand for capital investment and other areas will increase.」
While noting that the impact of the pandemic is continuing, the company assumed that its impact on economic activity would be limited from the fiscal year ending March 2023 and that demand for capital investment would increase. - FY2022-Q3Recovery continues and demand differs by industryAnnual report
「During the third quarter under review, economic conditions varied across countries and regions, reflecting differences in the spread of the novel coronavirus and economic measures, but the global economy continued to recover overall.」
While the impact of COVID-19 has continued, the global economy as a whole has continued to recover. In Japan, higher demand in the information and communications and semiconductor-related manufacturing industries has coexisted with weakness in the services sector and other industries. - FY2022-Q2Prolonged impact of the pandemic and divergence by industryAnnual report
「In Japan, the prolonged impact of the spread of COVID-19 on economic activity has made the divergence among business types more pronounced, in what has been described as a K-shaped recovery.」
While the impact of COVID-19 on economic activity has continued, demand has increased in the information and communications and semiconductor-related manufacturing industries, whereas weakness has persisted in the services sector and some transportation businesses, demonstrating differences by industry. - FY2021-Q3RestatedAnnual report
「In Japan, too, the spread of COVID-19 had sharply slowed economic activity since early 2020. Although demand showed signs of recovery in the third quarter under review, transport equipment, particularly in the automotive industry, underwent substantial production cuts on a cumulative basis, while services such as restaurants and travel were severely affected in terms of personal consumption.」
The slowdown in economic activity caused by COVID-19, substantial production cuts in the automotive industry and the impact on the services sector have continued. At the same time, the company noted a recovery in demand during the third quarter. - FY2021-Q2RestatedAnnual report
「In Japan, too, the spread of COVID-19 was slowing economic activity. Transport equipment, particularly in the automotive industry, underwent substantial production cuts, while services such as restaurants and travel were severely affected in terms of personal consumption.」
The slowdown in economic activity caused by COVID-19, substantial production cuts in the automotive industry and the impact on the services sector have continued. - FY2021-Q1MaterialisedAnnual report
「In Japan, too, the spread of COVID-19 was sharply slowing economic activity. Transport equipment, particularly in the automotive industry, underwent substantial production cuts, while services such as restaurants and travel were severely affected in terms of personal consumption.」
The economic slowdown caused by COVID-19 became evident in the operating environment through substantial production cuts in the automotive industry and lower demand for automotive-related products. - FY2020First statedAnnual report
「As the spread of COVID-19 slows activity in the global economy, uncertainty surrounding the economic outlook is increasing and may affect the group's results. If employees become infected, operations at business sites may also be affected.」
The company identified the spread of COVID-19 as a standalone business risk for the first time. Although the spread of the infection and the slowdown in the global economy had already occurred, it explained that the impact on results for the current fiscal year was immaterial.