Stagnation of Business and Economic Activity Caused by COVID-19
First written in FY2020. 5 of 14 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2026DroppedAnnual report
「The principal risks recognized by management as potentially having a material impact on the consolidated companies' financial position, operating results and cash flows are as follows.」
The 10 principal risks in this report do not list the stagnation of business and economic activity caused by COVID-19 as a separate item. - FY2025-H1RestatedAnnual report
「No new business or other risks arose during the six months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new occurrences or significant changes concerning the risk of abnormal situations, including COVID-19. - FY2024-Q3SoftenedAnnual report
「During the cumulative third quarter of the fiscal year, Japan's economy showed a moderate recovery trend as economic activity normalized following the reclassification of COVID-19 as a Class 5 infectious disease. However, the outlook remained uncertain amid heightened international tensions and rising resource prices.」
The company describes the normalization of economic activity and a trend toward economic recovery following the transition of COVID-19 to a Category V infectious disease, further weakening references to effects centered on stagnation of activity. - FY2024-Q2SoftenedAnnual report
「During the cumulative second quarter of the fiscal year, Japan's economy showed a gradual recovery in social and economic activity following the transition of COVID-19 to a Category V infectious disease.」
The company states that social and economic activity is on a gradual recovery trend following the transition of COVID-19 to a Category V infectious disease, while references to the effects centered on restrictions on activity and stagnation of activity have weakened. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year, Japan's economy moved toward normalization as various restrictions on activity to control COVID-19 were gradually eased. However, the business environment remained unpredictable due to factors including soaring raw material and energy prices stemming from the conflict in Ukraine, recession concerns caused by interest-rate hikes in various countries, and the impact of slower economic growth under China's zero-COVID policy and a sharp increase in infections after its lifting.」
While referring to the easing of domestic restrictions on activity and the normalization of economic activity, the company states that uncertainties related to infections remain, including China's zero-COVID policy and the spread of infections after restrictions were lifted. - FY2023-Q2RestatedAnnual report
「During the cumulative period of the second quarter, Japan's economy showed signs of recovery in economic activity on the assumption of living with COVID-19, while the operating environment remained unpredictable, with concerns over prolonged conflict in Ukraine, supply chain disruptions stemming from China's zero-COVID policy, soaring raw material and energy prices, and sluggish personal consumption accompanying rising prices.」
While referring to moves toward the recovery of economic activity on the assumption of living with COVID-19, the company continues to face an uncertain operating environment, including the effects of infection-related factors such as China's zero-COVID policy. - FY2023-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new occurrences or significant changes concerning the risk of abnormal situations, including COVID-19, as a business risk. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year, Japan's economy was on a gradual recovery trend after the state of emergency declaration was lifted at the end of September, as the number of infections declined sharply. However, concerns about the continued spread of infections caused by new variants remain, and the situation requires close attention to developments in Japan and overseas.」
While the effects of the spread of the infection on economic activity continue, the company also describes a recovery trend following the lifting of the state of emergency declaration and indicates concerns about renewed spread caused by new variants. - FY2022-Q2MaterialisedAnnual report
「During the cumulative second quarter of the fiscal year, Japan's economy remained in a challenging situation, as the state of emergency declaration was extended due to the spread of COVID-19, causing personal consumption and corporate activity to stagnate significantly.」
The pronounced stagnation in personal consumption and corporate activity due to the spread of COVID-19 and the extension of the state of emergency declaration continued to be evident as the actual business environment during the current quarter. - FY2022-Q1MaterialisedAnnual report
「During the cumulative first quarter of the fiscal year, Japan's economy was in extremely weak conditions as personal consumption and corporate activity stagnated significantly due to the declaration of a state of emergency and voluntary restrictions on economic activity accompanying the spread of COVID-19. Although various measures, including the start of vaccinations, are expected to take effect, the recovery remains weak.」
The pronounced stagnation in personal consumption and corporate activity caused by the state of emergency declaration and voluntary restraint of economic activity accompanying the spread of COVID-19 continues to be evident in the business environment for the current quarter. - FY2021-Q3MaterialisedAnnual report
「We are also facing an extremely challenging operating environment.」
The company states that its operating environment remains extremely challenging amid continued event postponements and cancellations and declining demand for sales promotions due to the spread of COVID-19. - FY2021-Q2MaterialisedAnnual report
「Following the spread of COVID-19, our Group has been affected mainly in its printing business by exhibition and event postponements and cancellations, as well as declining demand for sales promotions.」
The postponement and cancellation of exhibitions and events and the decline in demand for sales promotions due to COVID-19 continue to have a direct impact on the printing business. - FY2021-Q1MaterialisedAnnual report
「We are also facing a challenging operating environment due to factors including refraining from visiting customers and declining demand for sales promotions.」
The effects of refraining from customer visits due to COVID-19, declining demand for sales promotions, and stagnating economic activity are now evident in our business environment and performance. - FY2020First statedAnnual report
「(11) Risk of abnormal events such as COVID-19 infections. The Group operates using multiple business locations. If an abnormal event, such as a pandemic like the spread of COVID-19 or a large-scale natural disaster, occurs on a scale beyond the company's assumptions and makes business operations difficult, it may affect business performance and other matters.」
The company has for the first time identified pandemics such as COVID-19 as an independent major risk. The main text also describes the cancellation or postponement of trade shows and events and a decline in demand for commercial printed materials, indicating that some effects have already materialised.