Impact of COVID-19 on Business Activities and Demand
First written in FY2020. 7 of 13 entries say "Mitigated", first in FY2022-Q3. Latest entry: FY2024-Q2.
The whole theme swung hardest in 2020: 102 of 175 companies on the "Worse" side.
- FY2024-Q2MitigatedAnnual report
「The Japanese economy during the cumulative second quarter of the current consolidated fiscal period was on a moderate recovery trend following the full-scale easing of activity restrictions related to the COVID-19 pandemic, but remained weak under downward pressure from prolonged high resource and raw material prices and rising prices.」
Activity restrictions related to the COVID-19 pandemic were substantially eased, indicating that the pandemic's impact on social activity and demand was easing. However, high resource and raw material prices and rising prices remained. - FY2024-Q1MitigatedAnnual report
「Although further easing of activity restrictions from the COVID-19 pandemic led to a moderate recovery trend,」
Further easing of activity restrictions indicated that the impact of the pandemic on social activity and demand was easing. However, it was not stated that the impact had completely disappeared. - FY2023MitigatedAnnual report
「The Japanese economy during the current consolidated fiscal year continued to recover moderately, as private consumption improved, particularly in the services sector, following the easing of activity restrictions related to COVID-19.」
Private consumption improved as activity restrictions related to COVID-19 were eased, indicating that the pandemic's impact on demand and social activity was easing. - FY2023-Q3MitigatedAnnual report
「The Japanese economy during the cumulative third quarter of the current consolidated fiscal period continued to recover moderately, as private consumption improved, particularly in the services sector, following the easing of activity restrictions related to COVID-19.」
Private consumption improved as activity restrictions related to COVID-19 were eased, indicating that the impact of the pandemic was easing. - FY2023-Q2MitigatedAnnual report
「The Japanese economy during the cumulative second quarter of the current consolidated fiscal period continued to recover moderately, as private consumption improved, particularly in the services sector, following the easing of activity restrictions related to COVID-19.」
Private consumption improved as activity restrictions related to COVID-19 were eased, indicating that the impact of the pandemic was easing. - FY2023-Q1MitigatedAnnual report
「Private consumption improved, particularly in the services sector, as the COVID-19 pandemic subsided.」
As COVID-19 subsided and restrictions on social activity were eased, the impact of the pandemic was shown to be easing through the recovery in private consumption and demand for some products. - FY2022-Q3MitigatedAnnual report
「As signs of recovery in orders for products that had declined during the COVID-19 pandemic gradually spread, the Company worked to restore sales and secure earnings by expanding transactions in new functional products in Japan and overseas and reducing expenses.」
Signs of recovery in orders for products that had declined during the COVID-19 pandemic spread, and measures to restore sales and earnings through expanded transactions and expense reductions continued. - FY2022-Q2RestatedAnnual report
「Against this backdrop, as orders for some products that had declined during the pandemic began to recover, the Group worked to restore sales and secure earnings by expanding transactions in new functional products in Japan and overseas and reducing costs.」
While orders for some products that had declined during the COVID-19 pandemic showed signs of recovery, measures to restore sales and secure earnings amid the impact of the pandemic continued. - FY2022-Q1Orders for some products began to recover, but the impact of the pandemic continuedAnnual report
「As orders for some products that had declined during the pandemic began to recover, the company worked to restore sales and secure earnings by expanding transactions in new functional products in Japan and overseas and reducing costs.」
Although orders for some products that had declined during the COVID-19 pandemic showed signs of recovery, this was described as part of measures to restore sales and secure earnings amid the impact of the pandemic; it was not stated that the impact had disappeared. - FY2021-Q3MaterialisedAnnual report
「The decline in revenue caused by the impact of the COVID-19 pandemic affected the Company's business group as a whole. The main business areas particularly affected were civil engineering-related operations, where large-scale general contractor projects were suspended; transportation equipment-related operations, due to lower automobile production; chemical industry-related operations, including chemicals for cosmetic applications, where demand fell sharply, including inbound demand; and the building materials business segment, where housing starts declined.」
The impact of COVID-19 spread across the civil engineering, transportation equipment, chemical industry and building materials fields, becoming evident as a decline in revenue. - FY2021-Q2MaterialisedAnnual report
「The decline in revenue caused by the impact of the COVID-19 pandemic affected the Company's business group as a whole. The main business areas particularly affected were civil engineering-related operations, where large-scale general contractor projects were suspended; transportation equipment-related operations, due to lower automobile production; chemical industry-related operations, including chemicals for cosmetic applications, where demand fell sharply, including inbound demand; and the building materials business segment, where construction projects were repeatedly postponed.」
The impact of COVID-19 spread across the civil engineering, transportation equipment, chemical industry and building materials fields, becoming evident as a decline in revenue. - FY2021-Q1MaterialisedAnnual report
「The revenue impact of the COVID-19 pandemic extended across the company's business group. The main business fields significantly affected were civil engineering, where large-scale construction projects by general contractors were suspended; transportation equipment, due to lower automobile production; the chemical industry-related field, including chemicals for cosmetic applications, where demand declined significantly, including inbound demand; and the building materials business segment, which was affected by postponements of construction projects and other factors.」
The COVID-19 risk first disclosed in FY2020 materialized as a factor behind revenue declines in the civil engineering, transportation equipment, chemical industry and building materials fields. - FY2020First statedAnnual report
「The global spread of COVID-19 is unprecedented in scale, and at present it is extremely difficult to predict how long it will take for domestic and overseas socioeconomic activity to recover.」
COVID-19 was first disclosed as a standalone risk in FY2020. The risks identified were suspension of business activities due to infections among officers and employees and a decline in demand due to reduced movement of people and contraction in production activity, and an impact from lower demand was in fact reported in the chemical industry-related field.