Business and financial impact of the spread of COVID-19
First written in FY2020. 6 of 14 entries say "Mitigated", first in FY2023-Q1. Latest entry: FY2024-Q3.
Zett moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 103 of 145 companies on the "Worse" side.
42 other companies' latest entry also says "Mitigated".
- FY2024-Q3MitigatedAnnual report
「During the cumulative third quarter period under review, Japan's economy moved toward normalization of economic activity due to the easing of restrictions on activities following the reclassification of COVID-19 to Category 5, a boost in consumption from so-called revenge spending, an increase in inbound consumption due to the weaker yen, and improvements in the employment and income environment.」
The Company states that economic activity moved toward normalization as COVID-19 was reclassified to Category 5 and restrictions on activities were relaxed. - FY2024-Q2MitigatedAnnual report
「Revenue increased as business activities returned to normal, partly because COVID-19 was reclassified to Category 5, restrictions on activities were relaxed, and various sporting competitions were held as usual.」
The impact of restrictions on business activities due to the pandemic eased further as COVID-19 was reclassified to Category 5, restrictions on activities were relaxed, and sporting competitions were held as usual. - FY2024-Q1MitigatedAnnual report
「As restrictions on activities were eased, including the reclassification of COVID-19 to Category 5, economic activity almost returned to normal and the economy recovered moderately.」
The Company states that the impact of the restrictions on business activities previously imposed due to the pandemic eased as COVID-19 was reclassified to Category 5, restrictions on activities were relaxed, and economic activity returned to normal. - FY2023-Q3MitigatedAnnual report
「Although concerns about a renewed spread of COVID-19 remain, revenue increased as the impact of restrictions on activities disappeared, swimming resumed in school physical education, restrictions on club activities and other activities were relaxed, and various competitions and other events resumed, bringing business activities back to normal.」
Although concerns about a renewed spread of the pandemic remain, business activities returned to normal as restrictions on activities were lifted, restrictions on school physical education and club activities were relaxed, and events resumed, reducing the impact on performance. quantified is false, materialized is false. - FY2023-Q2MitigatedAnnual report
「Although concerns about a renewed spread of COVID-19 remain, revenue exceeded the initial forecast as business activities returned to normal following the lifting of restrictions on activities, the resumption of swimming in school physical education, and the relaxation of restrictions on club activities and other activities.」
Although concerns about a renewed spread of the pandemic remain, business activities returned to normal as restrictions on activities were lifted and restrictions on school physical education and club activities were relaxed, contributing to higher revenue. - FY2023-Q1MitigatedAnnual report
「Revenue increased as the impact of COVID-19 eased, restrictions on activities were lifted, restrictions on school physical education and club activities were relaxed, and business activities returned to normal.」
The impact of the pandemic, restrictions on activities, and restrictions on school physical education and club activities eased or were relaxed, and business activities returned to normal. - FY2022RestatedAnnual report
「Although the impact of COVID-19 continues, society is entering the era of living with COVID-19, and society as a whole is expected to gradually return to normal.」
While the impact of the pandemic and business constraints continue, the Company expresses expectations for a recovery in economic activity in a society living with COVID-19. - FY2022-Q3WorsenedAnnual report
「However, the COVID-19 pandemic, including the emergence of the Omicron variant, has still not ended, and the business environment remains difficult, with various sporting events being cancelled or scaled back.」
The emergence of the Omicron variant was identified as a new factor, and the difficult business environment continues, with the pandemic not yet over and sporting events being cancelled or scaled back. - FY2022-Q2RestatedAnnual report
「States of emergency have continued to be declared, and supply delays have occurred for some products due to the continuing impact of COVID-19, including the cancellation or downsizing of various sporting events and strain on the production systems of overseas partner companies.」
The impact of event cancellations and downsizing due to the pandemic and strain on overseas production systems continues, but performance has recovered year on year. - FY2021WorsenedAnnual report
「It is difficult to predict when the impact of COVID-19 will end, and difficult conditions are expected to continue in economic activity going forward.」
The impact of the pandemic materialized as a 10.1% full-year decline in revenue and an operating loss, with uncertainty over when it will end and its impact on difficult economic conditions continuing throughout the year. - FY2021-Q3WorsenedAnnual report
「Revenue fell sharply, largely due to the impact of the first quarter accounting period, when business activities were restricted by the cancellation of various sporting events, temporary school closures and the suspension of club activities amid the spread of COVID-19. Although the Company worked to reduce selling, general and administrative expenses, profit also declined sharply. During the third quarter accounting period, the economy and consumption were gradually recovering, but a new state of emergency was declared at the start of the year due to a rapid increase in infections. Calls for restraint, including the cancellation of various sporting events, remained in place, making it difficult to predict when the impact of COVID-19 will end.」
The impact of COVID-19 materialized as a sharp decline in revenue and profit in the cumulative third quarter results, while uncertainty over when the impact will end continued amid a renewed state of emergency declared following a rapid increase in infections and the continuation of calls for restraint. - FY2021-Q2WorsenedAnnual report
「Revenue fell sharply, largely due to the impact of the first quarter accounting period, when business activities were restricted by the cancellation of various sporting events, temporary school closures and the suspension of club activities amid the spread of COVID-19. Although the Company worked to reduce selling, general and administrative expenses, profit also declined sharply. While the economy and consumption are gradually returning to normal, restrictions on school activities and the prevailing calls for restraint, including the cancellation of various sporting events, remain in place, making it difficult to predict when the impact of COVID-19 will end.」
The continuing impact of COVID-19 materialized as a sharp decline in revenue and profit due to business restrictions caused by event cancellations, school closures and the suspension of club activities. Uncertainty over when the impact will end also persists. - FY2021-Q1MaterialisedAnnual report
「Revenue declined sharply because the spread of COVID-19 led to the cancellation of various sporting events, temporary school closures and restrictions on extracurricular club activities, limiting sales activities. Despite efforts to reduce selling, general and administrative expenses, profit also declined sharply. Although the economy and consumption were gradually recovering from the impact of COVID-19, restrictions on school activities and the prevailing restraint stemming from the cancellation of sporting events remained in place, making it difficult to predict when COVID-19 would subside.」
The cancellation of events, school closures, restrictions on extracurricular club activities and limitations on sales activities resulting from the spread of COVID-19 actually led to a 41.6% year-on-year decline in revenue and an operating loss. Uncertainty over when the pandemic would subside also continued. - FY2020First statedAnnual report
「However, the Group has been affected to some extent by restrictions on sales activities. At present, it is difficult to predict when COVID-19 will subside, and depending on how the situation develops, the Group’s business activities and financial position as a whole may be materially affected.」
COVID-19 was identified explicitly for the first time as a standalone major risk, with the disclosure stating that its impact on sales activities had already occurred and that the timing of its resolution remained uncertain.