Business, Demand and Supply Chain Risks Arising from the Global Spread of COVID-19
First written in FY2020. 4 of 12 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 5 of 16 companies on the "Worse" side.
19 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Our group is promoting digitalization to avoid disruption to business activities and transform its business model into one that is flexible and responsive.」
As a response to restrictions on business activities caused by infectious disease outbreaks and other events, the company continues to describe business continuity and business-model transformation through digitalization. - FY2024-Q1MitigatedAnnual report
「The economy is on a recovery trend due to the normalization of economic activity accompanying the reclassification of COVID-19 as a Class 5 infectious disease and improvements in employment and income conditions.」
The company identifies the transition of COVID-19 to a Category V infectious disease and the normalization of economic activity as factors improving the business environment. - FY2023ReframedAnnual report
「Meanwhile, as economic activity resumes while society continues to combat COVID-19, people’s values and ways of working are also changing, requiring flexible responses that are not bound by existing concepts. The speed at which our group responds to these changes may affect its operating results and financial position. In addition, should a global outbreak of an unknown epidemic or infectious disease occur in the future, it could similarly affect our group’s operating results and financial position.」
The scope of the risks has expanded beyond the direct business impact of infectious diseases to include the speed of responding to changes in values and ways of working, as well as risks including unknown infectious diseases. - FY2023-Q3WorsenedAnnual report
「However, shortages of semiconductors and various materials and soaring material prices have persisted, while the situation in Russia and Ukraine remains unresolved. The economic slowdown caused by accelerating inflation and monetary tightening in Europe and the United States, as well as the renewed spread of COVID-19 in China, has left the outlook uncertain.」
While the economy was shown to be recovering as efforts to balance economic activity with infection control progressed, the renewed spread of COVID-19 in China was added as a new source of uncertainty. - FY2023-Q2RestatedAnnual report
「During the six months ended 30 September, the business environment surrounding the Group saw efforts to balance infection control with economic activity progress. Personal consumption, particularly spending on services, recovered, corporate earnings and capital investment recovered gradually, and employment and income conditions also improved gradually.」
The disclosure continues to state that, even amid the pandemic, efforts to balance infection control with economic activity progressed, and personal consumption, corporate earnings, capital investment, and employment and income conditions recovered or improved. - FY2023-Q1MitigatedAnnual report
「As efforts to balance infection control with economic activity progressed, personal consumption, particularly spending on services, recovered, corporate earnings and capital investment recovered gradually, and employment and income conditions also improved gradually.」
The disclosure states that, even amid the pandemic, efforts to balance infection control with economic activity progressed, and personal consumption, corporate earnings, capital investment, and employment and income conditions recovered or improved. - FY2022-Q3WorsenedAnnual report
「COVID-19 continued to spread in repeated waves, including the emergence of new variants, and there was still no clear prospect of containment.」
The disclosure cites the emergence of new variants and repeated waves of infection, continuing to describe and highlighting the lack of a clear prospect for containing the disease. - FY2022-Q1RestatedAnnual report
「Repeated waves of COVID-19 continued, with consumer sentiment weakening, capital investment remaining restrained, and employment and income conditions deteriorating. Severe conditions continued, leaving the outlook uncertain.」
The disclosure indicates the spread of vaccines and recovery in overseas and Chinese economies, while continuing to describe waves of infectious disease and their impact on consumption, capital investment, and employment and income conditions, as well as the uncertain outlook. - FY2021-Q3RestatedAnnual report
「During the six months ended 31 December, the business environment surrounding the Group remained challenging. Although COVID-19 vaccinations had begun in Western countries, there was still no clear prospect of containing the global spread, and Japan had again reached a situation in which a state of emergency was declared.」
The disclosure describes the start of vaccination programs, while noting that there was no clear prospect of containing the spread and that another state of emergency had been declared in Japan. - FY2021-Q2WorsenedAnnual report
「With no end to the global spread of COVID-19 yet in sight, economic activity remains limited, while consumer sentiment has weakened, capital investment has been restrained by the rapid deterioration in corporate earnings, and employment and income conditions have worsened. Both the domestic and overseas economies remain in a difficult situation.」
The impact of infectious disease risk has continued and expanded through weaker economic activity, consumption, corporate earnings, capital investment, and employment and income conditions. - FY2021-Q1MaterialisedAnnual report
「The worldwide spread of the novel coronavirus disease has still not come to an end, and corporate earnings and employment and income conditions have deteriorated as corporate activity stagnated. Both the domestic and overseas economies remain in a severe phase.」
Stagnation in corporate activity due to COVID-19, deterioration in corporate earnings and employment conditions, and severe conditions in the domestic and overseas economies have emerged as the actual business environment. - FY2020First statedAnnual report
「Toward the end of the fiscal year, COVID-19 spread worldwide, radically changing the economic outlook. Conditions in both the domestic and overseas economies became severe, and the uncertain situation has continued.」
The global spread of COVID-19 is described as a new risk that could affect the economy, customer investment demand, sales and supply networks, and business performance and financial condition.