Impact of the Spread of COVID-19 on Economic Conditions and Business Operations
First written in FY2020. 3 of 14 entries say "Restated". Latest entry: FY2025.
Nozaki Insatsu Shigyo moved to the "Worse" side of this theme in 2025, 5 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 72 of 94 companies on the "Worse" side.
10 other companies' latest entry also says "Reframed".
- FY2025ReframedAnnual report
「If an extraordinary event such as the spread of an infectious disease or a disaster occurs, it is difficult to accurately foresee the impact on our group, which does business with many industries, but」
The risk description has been broadened from the previous business impact of COVID-19 to encompass extraordinary events such as infectious disease outbreaks and disasters. - FY2024MitigatedAnnual report
「Following the reclassification of COVID-19 as a Class 5 infectious disease under the Infectious Diseases Control Law, socioeconomic activity continued to normalise, personal consumption showed signs of recovery, and the economy maintained a moderate recovery trend.」
It states that the transition of COVID-19 to Class 5 advanced the normalisation of socioeconomic activity, with personal consumption recovering and the economy maintaining a recovery trend throughout the fiscal year. - FY2024-Q2MitigatedAnnual report
「Following the reclassification of COVID-19 as a Class 5 infectious disease under the Infectious Diseases Control Law, restrictions on activities were eased further, economic activity normalised, and the economy maintained a moderate recovery trend.」
It states that, following the transition of COVID-19 to Class 5, restrictions on activities were eased further, supporting the normalisation of economic activity and maintenance of the economic recovery trend. - FY2024-Q1MitigatedAnnual report
「Following the reclassification of COVID-19 as a Class 5 infectious disease under the Infectious Diseases Control Law, economic activity normalised as domestic restrictions on activities and restrictions on entry from overseas were eased, and the economy showed signs of a moderate recovery.」
It states that the transition of COVID-19 to Class 5 and the easing of restrictions on activities and entry from overseas reduced the constraints on economic activity associated with the pandemic and advanced economic normalisation. - FY2023Continued impact of COVID-19 alongside economic normalisationAnnual report
「Following the lifting of restrictions on activities related to COVID-19, progress was made towards the gradual normalisation of economic activity under a coexistence-with-COVID approach, and the economy showed signs of a moderate recovery.」
While describing economic normalisation and an economic recovery following the lifting of restrictions associated with COVID-19, it continues to treat extraordinary events such as the spread of COVID-19 as business risks. - FY2023-Q3RestatedAnnual report
「Following the lifting of restrictions on activities related to COVID-19, economic activity gradually moved towards normalisation under a coexistence-with-COVID approach, and the economy showed signs of a moderate recovery.」
It describes the normalisation of economic activity and signs of an economic recovery following the lifting of restrictions associated with COVID-19. At the same time, it states that the prolonged pandemic continues to affect demand for commercial printing and other products. - FY2023-Q1Continued impact of COVID-19 alongside easing of restrictions on activitiesAnnual report
「Regarding the impact of COVID-19, the group is currently continuing business activities after implementing stringent measures, but its recent business performance has been affected.」
It states that, while the impact of COVID-19 continues, the group is continuing business activities while implementing stringent measures. It notes both signs of normalisation due to the easing of restrictions on activities and the continued impact on business performance. - FY2022-Q3RestatedAnnual report
「Although sales declined in some divisions due to the stagnation of economic activity associated with efforts to prevent the spread of COVID-19, orders increased in other divisions due to greater demand for home consumption resulting from requests to refrain from going out, and sales remained slightly higher overall.」
It states that declining sales due to COVID-19 coexisted with increased orders in some divisions due to greater demand for home consumption, resulting in a slight overall increase in sales. - FY2022-Q2Declining sales alongside increased ordersAnnual report
「Under these circumstances, sales declined in some divisions due to the stagnation of economic activity associated with efforts to prevent the spread of COVID-19, including the cancellation or postponement of events and trade shows. However, orders increased in other divisions due to greater demand for home consumption resulting from requests to refrain from going out, and sales increased overall.」
It states that, while sales continued to decline due to the cancellation or postponement of events and trade shows, orders increased because of greater demand for home consumption, resulting in an overall increase in sales. - FY2022-Q1Partial recovery in demand alongside the continued impact of COVID-19Annual report
「Under these circumstances, sales declined in some divisions because of the cancellation or postponement of events and trade shows and the stagnation of economic activity associated with efforts to prevent the spread of COVID-19. However, orders increased in other divisions due to greater demand for home consumption resulting from requests to refrain from going out, and sales increased overall.」
While sales continued to decline due to the cancellation or postponement of events and trade shows, orders increased in some divisions because of greater demand for home consumption, with both the impact of COVID-19 and a partial recovery in demand noted. - FY2021-Q3RestatedAnnual report
「Under these circumstances, some divisions saw orders increase due to greater demand for home consumption resulting from requests to refrain from going out. However, some manufacturing operations implemented production adjustments and temporary shutdowns, resulting in a challenging operating environment, including declines in production and shipments. The sales division was also unable to conduct sufficient sales activities because of the voluntary suspension of customer visits and the cancellation of trade shows and other events. In addition, sales declined because of the stagnation of economic activity associated with efforts to prevent the spread of COVID-19.」
The impact of COVID-19 continued to be evident on both the manufacturing and sales sides through production adjustments and temporary shutdowns, declines in production and shipments, voluntary suspension of customer visits, cancellation of trade shows and a decline in sales. It also states that some divisions saw orders increase due to greater demand for home consumption. - FY2021-Q2WorsenedAnnual report
「Under these circumstances, some divisions saw orders increase due to greater demand for home consumption resulting from requests to refrain from going out. However, some manufacturing operations implemented production adjustments and temporary shutdowns, resulting in a challenging operating environment, including declines in production and shipments. The sales division was also unable to conduct sufficient sales activities because of the voluntary suspension of customer visits and the cancellation of trade shows and other events. In addition, sales declined because of the stagnation of economic activity associated with efforts to prevent the spread of COVID-19.」
The impact of COVID-19 has spread across both manufacturing and sales through production adjustments and temporary shutdowns, declines in production and shipments, voluntary suspension of customer visits, cancellation of trade shows and a decline in sales. - FY2021-Q1WorsenedAnnual report
「Some manufacturing operations implemented production adjustments and temporary shutdowns, resulting in a challenging operating environment, including declines in production and shipments. The sales division was also unable to conduct sufficient sales activities because of the voluntary suspension of customer visits and the cancellation of trade shows and other events. In addition, sales declined because of the stagnation of economic activity associated with efforts to prevent the spread of COVID-19.」
The impact of COVID-19 has become broadly apparent through production adjustments and temporary shutdowns in the manufacturing division, declines in production and shipments, voluntary suspension of sales visits, cancellation of trade shows and a decline in sales. - FY2020MaterialisedAnnual report
「Demand from department stores and retailers, which are among our key customers, has contracted significantly due to requests to refrain from going out as part of measures to contain the spread of COVID-19, affecting our business performance. Consumer sentiment to refrain from going out is expected to continue, and may affect business performance for some time.」
It identifies the spread of COVID-19 as an independent material risk for the first time and states that demand from department stores and retailers has already contracted due to requests to refrain from going out and other measures, affecting business performance.