Business Impact of the Global Spread of COVID-19
First written in FY2020-Q3. 3 of 7 entries say "Restated". Latest entry: FY2024-Q3.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024-Q3MitigatedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, Japan's economy moved toward normalization as restrictions on economic activity related to COVID-19 were eased, and signs of a recovery emerged.」
The company described the easing of restrictions on economic activity related to the infection and progress toward normalization, indicating that some of the deterioration in the business environment caused by the infection had eased. - FY2023MitigatedAnnual report
「The risk of severe illness from COVID-19 has declined as vaccinations have become more widespread, and economic activity is returning to normal. However, if the containment of infections is delayed or the impact becomes prolonged, stagnation in domestic and overseas supply chains and a downturn in economic conditions could affect our Group's performance.」
The company described the decline in the risk of severe illness as vaccinations became more widespread and the normalization of economic activity. While some of the impact has eased compared with previously, the risk of a prolonged impact remains. - FY2022RestatedAnnual report
「Although the outlook for COVID-19 remains uncertain in some respects, changes in the office market resulting from new ways of working, such as telework including working from home, and changes in personal consumption, including stay-at-home demand arising from the new lifestyle, are expected to continue.」
The company indicated that uncertainty over the outlook for the infection and changes in working styles and consumer activity would continue. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, Japan's economy showed some expectation of a recovery in the outlook as COVID-19 vaccinations progressed, but uncertainty continued.」
The company referred to expectations of a recovery as vaccinations progressed, while continuing to describe the economic uncertainty amid the COVID-19 pandemic. - FY2021-Q1RestatedAnnual report
「The economy deteriorated and conditions became severe as domestic and overseas economic activity contracted because of the spread of COVID-19.」
The company continues to describe the contraction in domestic and overseas economic activity caused by the infection and the difficult economic conditions. - FY2020MaterialisedAnnual report
「Primarily because of the impact of COVID-19, all 3 companies reported lower revenue than in the previous year. Revenue was ¥6,719.78 million, down 11.1% from the previous consolidated fiscal year, while the decline in revenue resulted in an operating loss of ¥4.74 million, compared with operating income of ¥14.91 million in the previous consolidated fiscal year.」
The impact of the infection materialized as lower revenue and an operating loss at the 3 companies in the interior and lifestyle business, and also led to a downward revision to the plan for the following fiscal year. - FY2020-Q3First statedAnnual report
「The global spread of COVID-19 may affect our Group's businesses, and we will continue to closely monitor developments. The summer event scheduled for this year has already been cancelled because of the spread of COVID-19, and no future date has been set, although」
The company newly identified the impact on its business from the global spread of the infection as a risk. While the impact was described as a possibility, cancellation of the summer King Jim Fair had already been decided.