Impact of COVID-19 on Sales and Business Performance
First written in FY2020. 5 of 12 entries say "Mitigated", first in FY2022-Q2. Latest entry: FY2024-Q1.
The whole theme swung hardest in 2020: 23 of 48 companies on the "Worse" side.
11 other companies' latest entry also says "Mitigated".
- FY2024-Q1MitigatedAnnual report
「Personal consumption continued to expand, particularly in services, helped by the revival of various events that had been suspended during the COVID-19 pandemic.」
Events and other activities that had been suspended during the COVID-19 pandemic resumed, and the company states that personal consumption is expanding, indicating that the impact of the infectious disease on the economic and business environment has eased further. - FY2023-Q3MitigatedAnnual report
「During the nine-month period ended 31 December 2022 (from 1 April 2022 to 31 December 2022), the Japanese economy showed signs of recovery, led by personal consumption, following the lifting of the priority preventive measures to contain the spread of COVID-19 in March.」
The company states that personal consumption recovered following the lifting of measures relating to COVID-19, partly easing concerns over the impact of the infectious disease on the economic environment. - FY2023-Q2MitigatedAnnual report
「During the six-month period ended 30 September 2022 (from 1 April 2022 to 30 September 2022), the Japanese economy regained momentum as personal consumption recovered following the lifting in late March of the priority preventive measures to contain the spread of COVID-19.」
The company states that personal consumption recovered domestically following the lifting of the priority preventive measures to contain the spread of COVID-19, partly easing the previous concerns over the impact of infections on the economic environment. - FY2023-Q1WorsenedAnnual report
「Since last year, the Japanese economy has alternated between positive and negative growth each quarter due to the intermittent implementation of measures to restrict the movement of people, and attention is focused on the renewed spread of COVID-19 infections.」
Although the FY2022 annual report stated that the impact on business activities and operating results was limited, the renewed spread of COVID-19 infections has again been explicitly identified in the current quarter as a concern for the economic environment. - FY2022MitigatedAnnual report
「Although the timing of the end of the COVID-19 pandemic remains difficult to predict, its impact on the company's business activities and operating results is limited. Accordingly, no changes to the significant accounting estimates and judgements used in preparing these financial statements are expected.」
While stating that the timing of the end of the infectious disease remains uncertain, the company recognises that its impact on business activities and operating results is limited and has partly reduced its assessment of the impact from previous levels. - FY2022-Q3RestatedAnnual report
「As COVID-19 infections repeatedly expanded and subsided, personal consumption remained sluggish due in part to extensions of the state of emergency, but consumption has been trending towards recovery since October, following the nationwide lifting of the state of emergency.」
While continuing to recognise the economic impact of repeated expansions and declines in COVID-19 infections, the company states that consumption began to recover after the nationwide lifting of the state of emergency. - FY2022-Q2MitigatedAnnual report
「However, as the number of new COVID-19 cases fell sharply with the progress of vaccinations, the state of emergency, which was due to expire at the end of September, was set to be lifted nationwide, raising expectations for the resumption of economic activity.」
The company states that the decline in new cases and the nationwide lifting of the state of emergency have partly eased concerns over the impact of the infectious disease on the economic and business environment. - FY2021WorsenedAnnual report
「If COVID-19, a new strain of influenza or another infectious disease becomes widespread, business operations may be disrupted and the company's operating results and financial position may be affected, depending on the scale and duration of the outbreak.」
The company continues to explicitly identify the risk of an infectious-disease pandemic affecting its business and operating results, and its analysis of operating results also indicates concerns over a fourth wave. - FY2021-Q3WorsenedAnnual report
「Measures to prevent the spread of infections and policy responses gradually began to take effect, bringing a temporary return to stability. However, a second wave emerged during the summer and a third wave more recently, and conditions continued to require close attention to the impact of financial market volatility and other factors.」
The company explicitly refers to the emergence of a third wave of COVID-19 infections, while continuing to caution against financial-market volatility and other factors. - FY2021-Q2RestatedAnnual report
「Measures to prevent the spread of infection and policy responses have led to signs of a return to stability, but concerns over a second wave of infections have not been dispelled, and conditions requiring close attention to the impact of financial-market volatility and other factors continue.」
Concerns over a second wave of infections and financial-market volatility continue, and the company has reconfirmed the risks posed by COVID-19 to the economic and business environment. - FY2021-Q1WorsenedAnnual report
「The Japanese economy began the first quarter (from 1 April 2020 to 30 June 2020) under extremely difficult conditions due to the impact of COVID-19, including the expansion in April of the declaration of a state of emergency under the special measures law from certain regions to all prefectures. However, measures to prevent the spread of infection and policy responses gradually began to take effect, and the economy has shown signs of recovery. Nevertheless, conditions requiring close attention to the potential impact of a second wave of infections and financial-market volatility continue.」
COVID-19 became an actualised risk through the deterioration of economic activity accompanying the declaration of a state of emergency, while concerns over a second wave of infections and financial-market volatility continue. - FY2020First statedAnnual report
「The company is currently refraining from customer visits by sales personnel and cancelling scheduled seminars in response to the spread of COVID-19, but is continuing its sales activities by further strengthening information provision by telephone and direct mail.」
The company has already experienced customer visits being voluntarily suspended and seminars being cancelled due to the spread of COVID-19, and identifies the resulting impact on its business and sales activities as a new risk.