Stagnation of Business and Economic Activity Due to COVID-19 and Lockdowns
First written in FY2021-Q1. 9 of 14 entries say "Materialised", first in FY2021-Q2. Latest entry: FY2025-H1.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2025-H1RestatedAnnual report
「In China, weak economic conditions continue because of the prolonged real estate downturn and sluggish personal consumption, raising concerns that a full-fledged economic recovery may take time.」
For China after the removal of the zero-COVID policy, the prolonged real estate downturn and sluggish personal consumption continue to be described as risks delaying economic recovery. - FY2024-Q3Post-lifting economic slowdown and real estate weakness continueAnnual report
「In China, concerns remain that a full-fledged economic recovery may take time because of the prolonged real estate downturn and other factors.」
The description of risks has continued to shift from direct lockdowns and production stagnation caused by COVID-19 to the prolonged real estate downturn and delayed economic recovery in China after the zero-COVID policy was lifted. - FY2024-Q2Shift to post-lifting economic slowdown and real estate weaknessAnnual report
「In China, rebound demand following the removal of the zero-COVID policy has run its course, and the economy has slowed since spring. Slower recovery in personal consumption and a sluggish real estate market are also sources of concern for pressure weighing on the economy.」
The description of risks shifted from lockdowns and production stagnation under the zero-COVID policy to the fading of rebound demand after the policy was lifted, an economic slowdown, slower recovery in consumption and a sluggish real estate market. - FY2024-Q1Shift to the impact of the post-zero-COVID periodAnnual report
「In China, consumption is beginning to recover following the removal of the zero-COVID policy, but pressure weighing on the economy is also a concern because of deteriorating employment and the sluggish real estate market.」
The description of risks shifted from direct lockdowns and production stagnation under China's zero-COVID policy to recovering consumption and pressure on the economy from employment and real estate market conditions after the policy was lifted. - FY2023-Q3MaterialisedAnnual report
「In China, zero-COVID restrictions hampered economic activity, while consumption also weakened as infections surged after the restrictions were eased. However, an economic recovery is expected as the infection situation stabilizes.」
China's zero-COVID restrictions and the spread of infections after their removal became evident in stagnant economic activity and declining consumption, while expectations for a recovery were also described. - FY2023-Q2MaterialisedAnnual report
「In China, production activity has stagnated because of lockdowns under the zero-COVID policy, while consumption has declined as employment conditions deteriorated, leaving the economy on a slowing trend.」
China's zero-COVID policy and lockdowns implemented in response to COVID-19 became evident in the second quarter through stagnant production, deteriorating employment, declining consumption and an economic slowdown. - FY2023-Q1MaterialisedAnnual report
「In China, production activity stagnated because of lockdowns under the zero-COVID policy, including in Shanghai, while consumption also declined as employment conditions deteriorated, resulting in a sharp economic slowdown.」
China's zero-COVID policy and lockdowns implemented in response to COVID-19 became evident in actual economic activity through stagnant production, deteriorating employment and declining consumption. - FY2022MaterialisedAnnual report
「In China, the economic recovery is losing momentum rapidly as restrictions on electricity supplies and the real estate market have been compounded by lockdowns under the "zero-COVID policy." Supply chain stoppages are also beginning to affect the global economy, including Japan.」
The impact of COVID-19 has continued to be felt through China's zero-COVID policy, lockdowns and supply chain stoppages, with tangible effects on the global economy and the business environment. - FY2022-Q3MaterialisedAnnual report
「During the third-quarter consolidated cumulative period (1 April to 31 December 2021), the global economy underwent a rapid recovery as economic activity normalized with progress in vaccinations. However, uncertainty about the outlook has emerged amid the appearance of variants, supply chain disruptions and accelerating inflation.」
The impact of COVID-19 improved as economic activity normalized, while the emergence and spread of variants, related supply chain disruptions and accelerating inflation are emerging as sources of uncertainty for economic activity. - FY2022-Q2MaterialisedAnnual report
「During the second-quarter consolidated cumulative period (1 April to 30 September 2021), the global economy underwent a rapid recovery led by the United States, but optimism receded as the spread of variants was accompanied by supply chain disruptions and rising international commodity prices.」
Although recovery driven by vaccinations and economic measures is progressing, the spread of variants, supply chain disruptions and rising international commodity prices are emerging as sources of uncertainty for economic activity. - FY2022-Q1MaterialisedAnnual report
「In the United States, economic activity is recovering rapidly, driven by major economic stimulus measures and progress in vaccinations, and is leading the global economy. However, concerns for stable growth going forward include the renewed spread of infections caused by variants, rising inflation and the scaling back of quantitative easing.」
The impact of COVID-19 improved from the previous year's stagnation in economic activity, but the renewed spread of infections caused by variants remains a concern for stable growth going forward. - FY2021-Q3MaterialisedAnnual report
「Revenue increased in the livestock business, which captured demand for eating at home amid the continued spread of COVID-19 since the first quarter. In contrast, revenue declined in the mobile business, where customer traffic fell because of calls to refrain from going out and reduced operating hours under the state of emergency, and in the energy business, which was affected by low crude oil prices. As a result, revenue decreased by ¥63.363 billion, or 11.9%, year on year, to ¥467.770 billion, while gross profit decreased by ¥8.149 billion, or 10.2%, to ¥71.681 billion.」
The decline in demand caused by COVID-19, the state of emergency, calls to refrain from going out and reduced operating hours continued to produce increases and decreases in revenue and profit across individual businesses, while revenue declined 11.9% year on year. - FY2021-Q2MaterialisedAnnual report
「Supported by increased stay-at-home demand amid the continued spread of COVID-19 since the first quarter, revenue increased in the agricultural oils and fats trading and livestock businesses. In contrast, revenue declined in the feed business, which was affected by falling market prices for fishmeal and other secondary materials, and in the energy business, where demand declined amid calls to refrain from going out under the state of emergency. As a result, revenue decreased by ¥52.076 billion, or 14.6%, year on year, to ¥304.879 billion.」
The decline in demand caused by COVID-19, the state of emergency and calls to refrain from going out continued to produce increases and decreases in revenue and profit across individual businesses, while revenue declined 14.6% year on year. - FY2021-Q1First statedAnnual report
「During the first-quarter consolidated cumulative period (1 April to 30 June 2020), the global economy faced a historic downturn as COVID-19 spread worldwide, accompanied by city lockdowns, and demand and employment disappeared. Although revenue increased in the agricultural oils and fats trading and livestock businesses, supported by increased stay-at-home demand as COVID-19 spread, revenue declined in the feed business, which was affected by falling market prices, and the energy business, where demand declined amid calls to refrain from going out under the state of emergency. As a result, revenue decreased by ¥26.045 billion, or 15.5%, year on year, to ¥142.371 billion.」
The impact of COVID-19, lockdowns, the state of emergency and calls to refrain from going out was described for the first time as a standalone topic. In terms of performance, revenue declined 15.5% year on year, with increases and decreases in revenue and profit occurring across individual businesses.