Supply, Demand, and Business Activity Risks Caused by the Spread of COVID-19
First written in FY2020. 4 of 13 entries say "Worsened", first in FY2021-Q1. Latest entry: FY2024-Q2.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024-Q2RestatedAnnual report
「Due to the decline in medical-related capital investment following the reclassification of COVID-19 as a Category 5 infectious disease, sales of Total Pack IT, a subscription service offering packaged IT-related equipment, as well as large inspection equipment, imaging systems and other products, remained sluggish.」
The report continues to describe the impact of the decline in medical-related capital investment following the Category 5 reclassification on Total Pack IT in the Healthcare business and sales of large inspection equipment and imaging systems. - FY2024-Q1Decline in medical equipment investment following the Category 5 reclassificationAnnual report
「In Healthcare, Total Pack IT services remained firm, but sales of large inspection equipment, imaging systems and other products were sluggish due to a decline in medical-related capital investment following the reclassification of COVID-19 as a Category 5 infectious disease.」
The reclassification of COVID-19 as a Category 5 infectious disease reduced medical-related capital investment, which had an actual impact on sales of large inspection equipment, imaging systems and other products. Meanwhile, Total Pack IT remained firm. - FY2023MitigatedAnnual report
「As of the end of the current consolidated fiscal year, COVID-19 had not had a material impact on the group's business activities.」
The company explained that COVID-19 had not had a material impact on business activities. Following the reclassification of COVID-19 as a Category 5 infectious disease, it abolished its previous infection-control measures and shifted to a policy of accelerating business activities. - FY2023-Q3Recovery from the COVID-19 crisis alongside the impact of lockdowns in ChinaAnnual report
「During the third quarter of the current consolidated cumulative period, the global economy was showing signs of recovery from the COVID-19 crisis on both the demand and supply sides. However, the energy shock stemming from the prolonged conflict in Ukraine intensified inflationary pressures, and monetary tightening in the United States, Europe and other major economies slowed the pace of recovery. In China, prolonged lockdowns dealt a major blow to economic activity,」
While the global economy was described as showing signs of recovery from the COVID-19 crisis, the prolonged lockdowns in China caused significant damage to economic activity, with regional disparities in recovery and new contributing factors noted. - FY2023-Q2Avoided a decline in services consumption during the seventh waveAnnual report
「In Japan, COVID-19 infections resurged nationwide during the summer in the seventh wave, but the absence of activity restrictions prevented the decline in services consumption seen during previous waves of infections.」
Although the seventh wave of COVID-19 occurred, the absence of activity restrictions prevented the decline in services consumption seen during previous waves of infections. - FY2023-Q1MitigatedAnnual report
「During the first quarter of the current consolidated cumulative period, the global economy was recovering from the economic deterioration caused by the rapid spread of COVID-19,」
The assessment has changed to one that the global economy is in the process of recovering from the economic deterioration caused by the rapid spread of COVID-19. However, logistics disruptions caused by lockdowns in China and elsewhere continue to have an impact. - FY2022-Q3WorsenedAnnual report
「During the third quarter of the current consolidated cumulative period, the global economy generally continued to recover from the downturn caused by the COVID-19 crisis, although recovery varied by country and region. However, the emergence of the new Omicron variant led to an explosive increase in infections in Europe, the United States and elsewhere toward year-end, increasing the risks and uncertainties facing the global economy.」
While recovery from the COVID-19 crisis continued, the emergence of the Omicron variant and the sharp increase in infections in Europe, the United States and elsewhere increased the risks and uncertainties facing the global economy. - FY2022-Q2Regional disparities in recovery and weak domestic recoveryAnnual report
「During the second quarter of the current consolidated cumulative period, the global economy generally continued to recover from the downturn caused by the COVID-19 crisis, supported mainly by progress in vaccinations in Europe and the United States and the effects of large-scale economic measures. However, the picture was mixed, as waves of infections in emerging and developing countries hindered economic activity. In Japan, although vaccinations progressed rapidly, the spread of highly transmissible variants expanded the areas subject to states of emergency and extended their duration, causing consumption to remain sluggish and the economy to show only weak signs of a full-scale recovery.」
While recovery continued in Europe and the United States, the spread of infections hindered economic activity in emerging and developing countries. Domestically, consumption remained sluggish as the spread of variants and extensions of the state of emergency continued. - FY2022-Q1RestatedAnnual report
「Meanwhile, infections caused by highly transmissible variants resurged worldwide, prompting a succession of moves by countries to tighten activity restrictions.」
While indicating the prospect of an economic recovery driven by vaccine uptake and other factors, the report continued to list the resurgence of variants and tighter activity restrictions in various countries as COVID-19-related risks. - FY2021-Q3WorsenedAnnual report
「During the third quarter of the current consolidated cumulative period, the pace of the global economic recovery slowed due to the resurgence of COVID-19 infections. In Europe, where the spread was particularly severe, successive lockdowns became unavoidable, and real GDP growth in the October-December quarter was expected to turn negative. In the United States, the impact was particularly serious on consumer services as business restrictions resulting from the third wave of infections spread nationwide.」
The resurgence of COVID-19 led to lockdowns in Europe and business restrictions in the United States, indicating a slowdown in the pace of economic recovery. - FY2021-Q2WorsenedAnnual report
「During the cumulative consolidated period of the second quarter, the global economy suffered unprecedented damage, described as potentially the worst recession since World War II, as the number of new COVID-19 cases in emerging markets such as India and Brazil continued to rise without restraint and cases began to surge again in Europe and the US, prompting moves to reintroduce restrictions on movement and business activity.」
The spread of COVID-19 continued in emerging markets, Europe and the United States, with concerns raised about the reintroduction of activity restrictions and a recession on a scale comparable to the worst since the end of the war, indicating that the risk had become more severe. - FY2021-Q1WorsenedAnnual report
「During the first quarter of the current consolidated cumulative period, the global economy suffered unprecedented damage as COVID-19 raged worldwide and infections continued to spread unchecked. The World Bank, among others, announced that its forecast for the global economy in 2020 pointed to the worst recession since World War II.」
The spread of COVID-19 continued, and the report emphasized the severity of its impact, citing the World Bank's forecast and indicating the possibility of the worst recession since World War II. - FY2020MaterialisedAnnual report
「The global economy in fiscal 2019 began to show signs of weakening due to the impact of US-China trade friction, and in the second half of the fiscal year deteriorated significantly as the spread of COVID-19 exceeded expectations.」
The spread of COVID-19, the resulting downturn in the global economy, the shift from supply problems to demand problems, and the potential disruption to logistics and sales activities were listed as new major risks.