Business impact of the spread of COVID-19
First written in FY2020. 5 of 14 entries say "Worsened", first in FY2021-Q2. Latest entry: FY2024-Q3.
The whole theme swung hardest in 2020: 102 of 175 companies on the "Worse" side.
- FY2024-Q3SoftenedAnnual report
「During the nine-month consolidated period under review, Japan's economy continued to recover gradually from the COVID-19 pandemic, supported by increased inbound consumption. However, the outlook remained uncertain as prices continued to rise against a backdrop of globally elevated resource and raw material prices, while the yen remained weak in foreign exchange markets due to the widening interest rate differential between Japan and the US.」
The economy showed a gradual recovery from the COVID-19 pandemic, and concerns over the impact of the infectious disease on the business environment had eased compared with the previous fiscal year. However, uncertainty caused by rising prices and the weaker yen remained. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, Japan's economy progressed toward normalisation of socioeconomic activity as the impact of COVID-19 eased and restrictions on activities were gradually relaxed.」
The Group continued to report that socioeconomic activity was moving toward normalisation as the impact of the infectious disease eased and restrictions on activities were gradually relaxed. - FY2024-Q1SoftenedAnnual report
「During the first quarter of the current consolidated fiscal year, Japan's economy was in a situation where the impact of COVID-19 had eased, restrictions on activities were gradually being relaxed, and economic conditions were expected to recover moderately.」
As the impact of the infectious disease eased and restrictions on activities were relaxed, the description of the economic environment shifted further from concerns over continued spread and prolongation toward a more favourable outlook. - FY2023SoftenedAnnual report
「As the COVID-19 situation gradually improved and the government eased its infection-control measures, economic activity began to recover and move toward normalisation.」
The improvement in the infection situation and easing of the government's infection-control measures indicate that the description of the business environment shifted from concerns over continued spread and prolongation toward a more favourable outlook. - FY2023-Q3RestatedAnnual report
「Regarding COVID-19, the Group is continuing its business activities while giving the highest priority to the safety of customers and employees. Its performance could be affected if restrictions on going out or other measures are imposed in the regions where it operates, if infections occur at Group facilities and disrupt business continuity, or if business partners experience adverse effects from human, physical or financial factors associated with the infectious disease, making stable procurement difficult.」
The Group continued to disclose infectious disease risks, including restrictions on going out, infections at its facilities, and procurement difficulties caused by impacts on business partners. - FY2023-Q2RestatedAnnual report
「Regarding COVID-19, the Group is continuing its business activities while giving the highest priority to the safety of customers and employees. Its performance could be affected if restrictions on going out or other measures are imposed in the regions where it operates, if infections occur at Group facilities and disrupt business continuity, or if business partners experience adverse effects from human, physical or financial factors associated with the infectious disease, making stable procurement difficult.」
The Group continued to disclose infectious disease risks, including restrictions on going out, infections at its facilities, and procurement difficulties caused by human, physical or financial impacts on business partners. - FY2023-Q1RestatedAnnual report
「Regarding COVID-19, the Group is continuing its business activities while giving the highest priority to the safety of customers and employees. Its performance could be affected if restrictions on going out or other measures are imposed in the regions where it operates, if infections occur at Group facilities and disrupt business continuity, or if business partners experience adverse effects from human, physical or financial factors associated with the infectious disease, making stable procurement difficult.」
The Group continued to disclose infectious disease risks, including infections, restrictions on going out, and procurement difficulties caused by human, physical or financial impacts on business partners. - FY2022WorsenedAnnual report
「Regarding COVID-19, the number of new infections continued to rise and fall amid the emergence of new variants, as in the previous fiscal year, while the risk of further new variants remains latent. Concerns therefore remain that the impact on the economy will be prolonged.」
The emergence of new variants and the risk of further new variants were explicitly identified, and concerns over a prolonged economic impact from infectious disease persisted. - FY2022-Q1WorsenedAnnual report
「Although COVID-19 vaccinations had begun, infections caused by variant strains were spreading. The outlook for when the situation will be brought under control therefore remained uncertain, and concerns remained that the impact on the economy would be prolonged.」
Infections caused by variant strains continued to spread even after vaccinations began, and uncertainty over when the situation will be brought under control and concerns over a prolonged economic impact persisted. - FY2021WorsenedAnnual report
「Although the second state of emergency for COVID-19 was lifted on 21 March 2021, infections subsequently spread again. The outlook for when the situation will be brought under control therefore remains uncertain, and concerns remain that the impact on the economy will be prolonged.」
Infections spread again even after the second state of emergency was lifted, and uncertainty over when the situation will be brought under control and concerns over a prolonged economic impact persisted. - FY2021-Q3WorsenedAnnual report
「Although the state of emergency for COVID-19 was lifted on 25 May 2020, infections subsequently spread again toward winter. The outlook for when the situation will be brought under control therefore remains uncertain, and concerns remain that the impact on the economy will be prolonged.」
Infections spread again during winter even after the state of emergency was lifted, and uncertainty over when the situation will be brought under control and concerns over a prolonged economic impact persisted. - FY2021-Q2WorsenedAnnual report
「Although the state of emergency for COVID-19 was lifted on 25 May 2020, the risk of a renewed spread of infections subsequently increased. The outlook for when the situation will be brought under control therefore remains uncertain, and concerns remain that the impact on the economy will be prolonged.」
Even after the state of emergency was lifted, the risk of a renewed spread of infections and uncertainty over when the situation will be brought under control increased, and concerns over a prolonged economic impact persisted. - FY2021-Q1MaterialisedAnnual report
「The number of new housing starts remained weak due to restrictions on going out and limitations on social and economic activity as part of measures to prevent the spread of COVID-19.」
Restrictions on going out and limits on socioeconomic activity implemented to prevent the spread of infectious disease are affecting the business environment, reflected in a weakening trend in housing starts. - FY2020First statedAnnual report
「There are concerns that the economic impact of the spread of COVID-19 could be prolonged, and if this risk materializes, it may have a material impact on the operating performance and other aspects of the company's group.」
The company disclosed for the first time the prolonged risk of COVID-19 and its potential material impact on operating performance and other matters as a separate business risk. Restrictions on meetings, training, business trips and social gatherings, as well as disruptions in the parts supply chain, have already occurred.