Impact of COVID-19 on Operations and Business Performance

「While the easing of COVID-19 countermeasures is advancing the normalization of social and economic activity」

「During the first nine months of the current consolidated fiscal year, Japan’s economy saw progress toward the normalization of social and economic activity as COVID-19 countermeasures were eased, while」

「During the cumulative second quarter under review, economic activity was moving toward normalization as measures against COVID-19 were eased. However, amid an unstable international situation, the outlook remains uncertain due to soaring raw-material and energy prices, rising prices generally, and sharp fluctuations in foreign exchange rates.」

「Although the easing of COVID-19 countermeasures has advanced the normalization of economic activity」

「Although personal consumption is showing signs of recovery as restrictions on activity related to COVID-19 are eased」

「During the cumulative third quarter under review, economic activity showed signs of returning to normal as restrictions on activities related to COVID-19 were eased. However, the outlook remains uncertain due to higher resource and energy prices and rising prices generally resulting from yen depreciation.」

「During the cumulative second quarter under review, personal consumption showed signs of recovery as restrictions on activities related to COVID-19 were eased. However, uncertainty about the outlook persists due to higher resource and energy prices and rising prices generally resulting from yen depreciation.」

「During the cumulative first quarter under review, Japan's economy showed signs of recovery in personal consumption and corporate production activity, although the end of the COVID-19 pandemic remained uncertain. However, the outlook remains uncertain due to factors including supply-chain disruptions caused by semiconductor shortages, soaring resource prices associated with Russia's invasion of Ukraine, and sharp fluctuations in foreign exchange rates.」

「During the first nine months of the current consolidated fiscal year, Japan’s economy remained difficult as the renewed spread of COVID-19 caused by new variants restricted social and economic activity.」

「During the first six months of the current consolidated fiscal year, Japan’s economy remained difficult, despite the wider availability of COVID-19 vaccinations and a decline in the number of infections, as consumption remained weak and the employment environment showed no improvement. Overseas, the outlook remained uncertain due to renewed outbreaks of COVID-19, production cuts by automakers resulting from a global semiconductor shortage, and soaring raw material prices.」

「During the cumulative first quarter under review, economic conditions, particularly in developed countries, were beginning to recover due to the effects of measures to prevent the spread of COVID-19. However, the outlook remains uncertain due to factors including renewed outbreaks in various countries, semiconductor shortages and soaring raw-material prices.」

「During the cumulative third quarter under review, Japan's social and economic activity was severely restricted by the spread of COVID-19, resulting in difficult conditions. Overseas, China's economy showed a moderate recovery, but the spread of infections was worsening in Europe and the US, leaving the outlook uncertain.」

「During the cumulative second quarter under review, Japan's social and economic activity was severely restricted by the spread of COVID-19, resulting in difficult conditions. Overseas, economic conditions in China began to recover as the outbreak subsided, but the resurgence of infections in Europe left the outlook uncertain.」

「During the first quarter of the current consolidated fiscal year, the global economy remained uncertain, as the worldwide spread of COVID-19 significantly restricted economic activity in countries overseas and had a serious impact on their economies.」

「The global spread of COVID-19 has stalled economic activity in countries around the world, bringing about a serious economic downturn. The Group’s main operating sites in Japan, the UK, Thailand and the US, among others, continue to operate while implementing safety measures in accordance with the policies of national governments and local authorities. However, if the impact of COVID-19 persists or the outbreak spreads further, the Group’s business performance may deteriorate more than anticipated, potentially affecting its financial position and operating results.」