Business impact of severe infectious disease outbreaks
First written in FY2020. 7 of 12 entries say "Restated". Latest entry: FY2024-Q3.
Eidai moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 62 of 94 companies on the "Worse" side.
24 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「During the first nine months of the fiscal year, the Japanese economy saw further normalization of social life and economic activity following the reclassification of COVID-19 as a Class 5 infectious disease under the Infectious Diseases Control Law in May 2023.」
The disclosure states that the transition of COVID-19 to a Class 5 infectious disease led to progress in the normalization of social life and economic activity. - FY2024-Q2RestatedAnnual report
「During the first six months of the fiscal year, the Japanese economy saw further normalization of social life and economic activity following the reclassification of COVID-19 as a Class 5 infectious disease under the Infectious Diseases Control Law in May 2023.」
The disclosure states that the transition of COVID-19 to a Class 5 infectious disease led to progress in the normalization of social life and economic activity. - FY2024-Q1MitigatedAnnual report
「During the first quarter of the fiscal year, the Japanese economy saw further normalization of social life and economic activity following the reclassification of COVID-19 as a Class 5 infectious disease under the Infectious Diseases Control Law in May 2023.」
The disclosure states that the reclassification of the infectious disease under the law led to progress in the normalization of social life and economic activity. - FY2023-Q2RestatedAnnual report
「During the first 6 months of the fiscal year, efforts were made to normalize social life and economic activity, with signs of a recovery centered on personal consumption despite concerns about a renewed spread of COVID-19.」
The disclosure describes the normalization of social life and economic activity and a recovery in personal consumption, while concerns about a renewed spread of infection remain. - FY2022RestatedAnnual report
「When a serious infectious disease spreads, the Group establishes internal guidelines to prevent the spread of infection and communicates them to all employees.」
The Group continues to implement measures to reduce infection risk during outbreaks, including internal guidelines, working from home, staggered working hours and web conferences. - FY2022-Q3RestatedAnnual report
「During the first nine months of the fiscal year, the Japanese economy remained uncertain. Although the infection situation began to improve in early autumn as vaccination rates rose amid repeated waves of COVID-19, concerns about a renewed spread, including the emergence of new variants, remained unresolved.」
The disclosure notes a temporary improvement in the infection situation, while concerns about a renewed spread due to new variants and economic uncertainty persist. - FY2022-Q2RestatedAnnual report
「During the first six months of the fiscal year, the Japanese economy remained subject to restrictions on economic activity, as the end of the COVID-19 pandemic was still not in sight and states of emergency and priority preventive measures were issued intermittently. Although the rising vaccination rate is expected to help contain the spread of infection, concerns about a renewed spread, including outbreaks of new variants, remained unresolved, and the outlook continued to be uncertain.」
The disclosure notes that restrictions on economic activity due to the pandemic continued, while vaccinations were expected to help contain the spread. Concerns about a renewed spread caused by variants remain. - FY2022-Q1RestatedAnnual report
「During the first quarter of the fiscal year, the Japanese economy remained subject to restrictions on economic activity due to the impact of COVID-19. Although there were some positive signs, such as the start of vaccinations, the outlook remained uncertain as a second state of emergency was declared.」
The disclosure notes continued restrictions on economic activity and the state of emergency due to the pandemic, while also citing the start of vaccinations as a positive sign. - FY2021-Q3MaterialisedAnnual report
「As a result, net sales for the cumulative third quarter of the current consolidated fiscal year were ¥41,194 million, down 3.2% year on year, due to the closure of the particleboard plant at the Yamaguchi-Hirao facility at the end of September 2019 following the establishment of EN Board Co., Ltd., as well as the temporary closure of showrooms and the curtailment of in-person sales activities following the declaration of a state of emergency during the cumulative first quarter.」
The state of emergency declared amid the spread of COVID-19 led to showroom closures and restrictions on face-to-face sales, which are reflected in results as factors behind the decline in cumulative net sales. - FY2021-Q2MaterialisedAnnual report
「In the wood-based panel business, net sales for the cumulative second quarter of the current consolidated fiscal year were ¥2,183 million, down 26.3% year on year, due to the closure of the particleboard plant at the Yamaguchi-Hirao facility at the end of September 2019 following the establishment of EN Board Co., Ltd., as well as the impact of COVID-19.」
The impact of COVID-19 appeared in the actual results as a factor behind the decline in sales in the wood-based panel business. The company also disclosed the impact of showroom closures and restrictions on in-person sales activities. - FY2021-Q1MaterialisedAnnual report
「As a result, net sales for the cumulative first quarter of the current consolidated fiscal year were ¥13,044 million, down 0.3% year on year, due to the closure of the particleboard plant at the Yamaguchi-Hirao facility at the end of September 2019 following the establishment of EN Board Co., Ltd., which was scheduled to begin operations in March 2021, as well as the temporary closure of showrooms and the curtailment of in-person sales activities following the declaration of a state of emergency.」
The declaration of a state of emergency in response to COVID-19 led to showroom closures and restrictions on in-person sales activities, and the resulting impact on net sales was reported in the actual results. - FY2020First statedAnnual report
「Even when measures have been taken in response to an outbreak of a severe infectious disease, its harm cannot be completely avoided. If damage exceeding the anticipated scale occurs, it may affect the group's business results and financial condition.」
The company separately disclosed for the first time the risk of severe infectious disease outbreaks, including COVID-19, as a business risk. It also presented measures to reduce infection risk, including working from home, staggered working hours, web conferencing and bans on business travel. The impact on FY2020 results was described as minor in each segment, and no material impact of the risk itself on business results was disclosed.