Business performance, credit and business continuity risks arising from COVID-19
First written in FY2020. 7 of 14 entries say "Mitigated", first in FY2022-Q3. Latest entry: FY2024-Q2.
The whole theme swung hardest in 2020: 14 of 39 companies on the "Worse" side.
9 other companies' latest entry also says "Mitigated".
- FY2024-Q2MitigatedAnnual report
「As the effects of COVID-19 showed signs of subsiding, the economy gradually recovered. Personal consumption increased its spending on services such as dining out and travel as employment recovered and wage growth accelerated.」
The company stated that the effects of COVID-19 were showing signs of subsiding, and described an economic recovery and increased service spending. - FY2024-Q1MitigatedAnnual report
「As COVID-19 was reclassified as a Class 5 disease under Japan’s infectious disease law and restrictions on social and economic activity began to be lifted, the economy gradually recovered. Personal consumption increased, particularly in face-to-face services such as dining out and travel.」
The company stated that COVID-19 had been reclassified as a Class 5 disease and that personal consumption and the economy recovered as restrictions on social and economic activity began to be lifted. - FY2023MitigatedAnnual report
「In fiscal 2022, Japan’s economy gradually recovered as efforts to balance infection control with economic activity progressed.」
Although the effects of COVID-19 remained, the company stated that the economy continued to recover as efforts to balance infection control with economic activity progressed. - FY2023-Q3MitigatedAnnual report
「During the third quarter of the current fiscal year, as efforts to balance infection control with economic activity progressed, the Japanese economy continued to show signs of recovery.」
Although the effects of COVID-19 remained, the company stated that the economy continued to recover as efforts to balance infection control with economic activity progressed. - FY2023-Q2MitigatedAnnual report
「During the second quarter of the current fiscal year, as efforts to balance infection control with economic activity progressed, personal consumption gradually recovered, led by service spending such as dining out and travel.」
Although the effects of COVID-19 continued, the company stated that personal consumption gradually recovered as infection control and economic activity were brought into balance. - FY2023-Q1MitigatedAnnual report
「During the first quarter of the current fiscal year, as COVID-19 infection trends began to stabilise, personal consumption recovered alongside the recovery in human mobility, particularly in dining out and domestic travel.」
The company stated that COVID-19 infection trends had begun to stabilise and that personal consumption such as dining out and domestic travel recovered as human mobility recovered. - FY2022ReframedAnnual report
「While the end of the spread of COVID-19 remained out of sight, the economy gradually recovered as vaccination became more widespread.」
While COVID-19 continued to be identified as a particularly significant risk, the company also described an economic recovery resulting from wider vaccination and some weakness in consumption and production. - FY2022-Q3MitigatedAnnual report
「During the third quarter of the current fiscal year, as the severe conditions caused by COVID-19 gradually eased, personal consumption recovered, with depressed service spending such as dining out and travel picking up as the number of infections declined and vaccinations progressed.」
Although severe economic conditions caused by COVID-19 remained, the company stated that service spending such as dining out and travel recovered against the backdrop of declining infections and progress in vaccinations. - FY2022-Q2WorsenedAnnual report
「During the second quarter of the current fiscal year, Japan’s economy continued to recover from the severe conditions caused by COVID-19, but the pace of recovery slowed. Personal consumption remained weak, particularly in service spending such as dining out and travel, due to the fourth declaration of a state of emergency during the pandemic.」
The company stated that the economic recovery had slowed and that service consumption such as dining out and travel was weak due to the fourth declaration of a state of emergency. - FY2022-Q1ReframedAnnual report
「During the first quarter of the current fiscal year, Japan’s economy remained in a difficult situation due to the effects of COVID-19. Against the backdrop of economic recovery in the United States, China and other countries where vaccination programs were progressing, manufacturing continued to show signs of recovery in production, exports and capital investment. Personal consumption, however, remained weak, particularly in service spending such as dining out and travel, due in part to the reissuance of the state of emergency.」
Although the effects of COVID-19 continued, the description was updated to reflect a two-sided picture: manufacturing production, exports and capital investment were recovering, while service consumption such as dining out and travel remained weak due to the reissuance of the state of emergency. - FY2021-Q3WorsenedAnnual report
「Personal consumption continued to show signs of recovery, but the renewed spread of COVID-19 toward year-end caused some stagnation, particularly in face-to-face service consumption such as dining and accommodation.」
The company stated that the renewed spread of COVID-19 caused stagnation in face-to-face service consumption such as dining and accommodation. - FY2021-Q2RestatedAnnual report
「During the six months ended the second quarter, the Japanese economy remained in severe conditions due to the impact of COVID-19, but private consumption, exports, and production showed signs of recovery following a decline in new domestic infections and the recovery of the Chinese economy.」
The company stated that, although the severe economic conditions caused by COVID-19 continued, personal consumption, exports and production showed signs of recovery following a decline in new domestic cases and other developments. - FY2021-Q1WorsenedAnnual report
「During the first quarter of the fiscal year, Japan's economy remained extremely challenging in terms of exports, production and personal consumption, as economic activity was substantially restricted under the state of emergency while the global economy stagnated due to the impact of COVID-19.」
Regarding the effects of COVID-19, the company stated that severe restrictions on economic activity and extremely difficult conditions for exports, production and personal consumption continued into the first quarter. - FY2020First statedAnnual report
「COVID-19 is spreading worldwide, and many companies in Japan, regardless of industry or size, have also begun to be affected. At present, it is unclear how far the disease will spread, when it will subside, and how significantly it will affect the operating conditions of client companies and regional economies. Accordingly, the Group is unable to calculate its impact with precision.」
The company disclosed COVID-19 for the first time as a particularly significant risk under a separate item and described its potential effects on credit risk and other risks. It also explicitly stated that companies had already begun to be affected.