Risk of an Economic Downturn Due to the Spread of the Novel Coronavirus
First written in FY2020-Q3. 7 of 15 entries say "Worsened", first in FY2021-Q1. Latest entry: FY2024.
Takano 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: 112 of 175 companies on the "Worse" side.
14 other companies' latest entry also says "Reframed".
- FY2024ReframedAnnual report
「If an unknown infectious disease were to cause a pandemic, the Group's business performance could be significantly affected by health damage caused by employee infections, the resulting closure of workplaces, restrictions on business activity and lower productivity caused by an outbreak within workplaces, the suspension of production due to disruptions in parts supplies, and stagnation in logistics and sales.」
The disclosure was revised from a specific description of an economic downturn caused by COVID-19 to the general risks of workplace closures, production stoppages, and stagnation in logistics and sales caused by unknown infectious diseases. - FY2024-Q1MitigatedAnnual report
「While COVID-19 was reclassified as a Class 5 disease under Japan's Infectious Diseases Control Law, largely eliminating its impact on economic activity,」
The disclosure stated that the impact of COVID-19 on economic activity had been largely eliminated, indicating that the downside risk to the economy from the infection itself was easing. - FY2023MitigatedAnnual report
「Regarding the outlook, although the impact of COVID-19 on the Japanese economy is subsiding, uncertainty about the economic outlook continues due to soaring raw material and energy prices and unstable foreign exchange markets.」
The disclosure stated that the economic impact of COVID-19 was moving toward an end, easing the downside risk to the economy from the infection itself, while uncertainty over raw material and energy prices and foreign exchange remained. - FY2023-Q3WorsenedAnnual report
「During the third quarter of the current consolidated cumulative period, the Japanese economy was significantly affected by rising energy prices resulting from Russia's invasion of Ukraine, the spread of COVID-19 in China, and the yen's depreciation as interest rate differentials between Japan and other countries widened.」
While living with COVID-19 became increasingly established in Japan, the spread of COVID-19 in China and its impact on logistics and energy emerged as sources of uncertainty. - FY2023-Q2MitigatedAnnual report
「During the second quarter of the current consolidated cumulative period (1 April 2022 to 30 September 2022), the Japanese economy was significantly affected by rising energy prices resulting from Russia's invasion of Ukraine and the yen's depreciation as interest rate differentials between Japan and other countries widened, despite progress toward living with COVID-19.」
While progress toward living with COVID-19 was cited as a mitigating factor, other sources of uncertainty, including higher energy prices and yen depreciation, continued. - FY2023-Q1WorsenedAnnual report
「The economy was significantly affected by disruptions to logistics resulting from the worsening COVID-19 situation overseas, particularly in China, the impact of Russia's invasion of Ukraine, and the yen's depreciation as interest rate differentials between Japan and other countries widened.」
The impact of the infection emerged as worsening conditions overseas, including in China, and disruptions to logistics, while the impact of Russia's invasion of Ukraine was added as a new external factor. - FY2022-Q3WorsenedAnnual report
「During the third quarter of the current consolidated cumulative period (1 April 2021 to 31 December 2021), the Japanese economy remained in a difficult situation due to the impact of COVID-19, but showed signs of recovery as the number of new infections declined and economic activity resumed. However, the outlook remained uncertain, including because of a renewed spread of infections caused by a new, highly transmissible variant.」
While a decline in new infections and the resumption of economic activity were observed, the renewed spread of a highly transmissible new variant emerged as a new source of uncertainty. - FY2022-Q2RestatedAnnual report
「Economic activity remained restricted by repeated declarations of a state of emergency, and difficult conditions continued due to the impact of COVID-19.」
Restrictions on economic activity under the state of emergency and difficult business conditions caused by the impact of the infection continued. - FY2022-Q1WorsenedAnnual report
「During the first quarter of the current consolidated cumulative period, the Japanese economy remained in a difficult situation due to the impact of COVID-19, despite signs of improvement in manufacturing conditions and a recovery in capital investment, including the issuance of a third state of emergency in some regions. Amid continued uncertainty about the outlook, including concerns about the impact on economic and social activity from the spread of more transmissible variants, the Group continued its operations while thoroughly implementing company-wide measures to prevent COVID-19 infections.」
The disclosure referred to the third state of emergency and concerns about the impact on economic and social activity from the spread of more transmissible variants, indicating that uncertainty due to the infection continued and intensified. - FY2021WorsenedAnnual report
「During the current consolidated fiscal year, the Japanese economy contracted rapidly as economic and social activity was restricted, including through the government's declaration of a state of emergency in response to the spread of COVID-19.」
Restrictions on economic and social activity caused by the spread of the infection and the economic contraction continued to shape the business environment throughout the fiscal year. - FY2021-Q3WorsenedAnnual report
「However, infections subsequently resurged intermittently, and a state of emergency was reissued for 11 prefectures and Tokyo metropolitan areas from January this year. The outlook therefore remained severe and uncertain.」
The resurgence of infections and reissuance of the state of emergency heightened downside risks to the economy and uncertainty about the outlook. - FY2021-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period (1 April 2020 to 30 September 2020), the Japanese economy remained stagnant as the global spread of COVID-19 continued.」
The stagnation of economic activity caused by the spread of COVID-19 and severe economic conditions continued. - FY2021-Q1WorsenedAnnual report
「During the first quarter of the current consolidated cumulative period (1 April 2020 to 30 June 2020), the Japanese economy slowed sharply as the government's declaration of a state of emergency in response to the spread of COVID-19 led to restrictions on going out and travel, broadly stagnating social and economic activity.」
The spread of COVID-19 emerged in the first quarter's business environment through restrictions on going out and travel, stagnation in social and economic activity, and a sharp economic slowdown. - FY2020MaterialisedAnnual report
「In response to the spread of COVID-19, the Group established a response headquarters and has been implementing measures to protect employees' health and maintain business operations, while also considering and implementing immediate measures to mitigate the impact on management.」
The spread of COVID-19 actually affected business performance through the stagnation of socioeconomic activity, lower demand and delays in launching products for Chinese customers, and the response headquarters began taking action. - FY2020-Q3First statedAnnual report
「There are also many factors raising concerns about a downturn in the economy, including the UK's withdrawal from the EU, instability in the Middle East and the spread of COVID-19, and the outlook therefore remains uncertain.」
The spread of COVID-19 was explicitly identified for the first time as a factor raising concerns about an economic downturn.