Prolonged impact of COVID-19
First written in FY2020. 4 of 11 entries say "Worsened", first in FY2021-Q1. Latest entry: FY2024-Q1.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024-Q1MitigatedAnnual report
「Our Group has resumed face-to-face communication activities tailored to customer requests following the reclassification of COVID-19 as a Class 5 disease.」
Regarding COVID-19, the Company states that it has resumed face-to-face communication following the transition to Category 5, easing the restrictions on its previous business activities. - FY2023-Q3RestatedAnnual report
「The spread of COVID-19 has affected the Company through factors including the market environment and the suspension of over-the-counter operations at some sales offices, but as of the present time, the effects on operating results are limited. Accordingly, future cash flows, which serve as the basis for recognizing impairment losses on fixed assets, have been estimated for accounting purposes using assumptions similar to those used before the spread of COVID-19. However, because the effects of the spread of COVID-19 involve many uncertainties, they may affect operating results in the future.」
Although COVID-19 has affected the market and sales offices, the Company states that the effects on operating results are limited as of the present time and continues to recognize uncertainty regarding future effects. - FY2022MitigatedAnnual report
「Although COVID-19 infections are declining in Japan, the Company believes that more time is still needed for the situation to subside.」
The infection risk continues, but the description has changed from the previous account of the sixth wave spreading to one stating that infections in Japan are trending downward. Measures such as advance reservations for visits and restrictions on employees coming to work are continuing. - FY2022-Q3WorsenedAnnual report
「As restrictions on movement have been imposed repeatedly in Japan amid the global spread of COVID-19, the country has entered the sixth wave.」
Regarding COVID-19, the Company states that Japan has entered the sixth wave, indicating a worsening infection situation. Meanwhile, the notes state that the effects on operating results are limited as of the present time. - FY2022-Q2MitigatedAnnual report
「The spread of COVID-19 has affected the Company through factors including the decline in the stock market and the suspension of over-the-counter operations at sales offices, but as of the present time, the effects on operating results are limited.」
While acknowledging the effects of the decline in the stock market and the suspension of over-the-counter operations, the Company states that the effects on operating results are limited as of the present time. It also leaves open the possibility of future effects. - FY2022-Q1RestatedAnnual report
「Although COVID-19 vaccinations are spreading in Japan, states of emergency have repeatedly been declared and lifted, and there are no signs that the spread of COVID-19 in Japan is subsiding.」
While vaccinations are progressing, states of emergency have repeatedly been declared and lifted, and the Company continues to describe the situation as one in which the spread of infection has not been contained. - FY2021WorsenedAnnual report
「Although vaccinations for older people have begun, the spread of COVID-19, including the emergence of variants, appears likely to take more time to subside. In Japan, states of emergency and quasi-emergency measures have been declared repeatedly, and the Company has taken measures such as requiring advance reservations for visits and limiting the number of employees coming to work to protect the safety of customers, employees and their families, while thoroughly implementing infection-control measures to prevent further spread.」
Regarding infection risks, the Company states that the timing of containment remains uncertain because of variants, states of emergency and other factors, and that measures such as reservations for visits and restrictions on employees coming to work are continuing. - FY2021-Q3WorsenedAnnual report
「While the third wave of COVID-19 infections is spreading in both developed and emerging economies, stock prices have been rising amid an economic downturn, supported by monetary easing and expectations for vaccines.」
Regarding COVID-19, the Company states that the situation has progressed from the previous stage, when concerns about a second wave were described, to one in which the third wave is spreading. It also notes the rise in stock prices driven by monetary easing and expectations for vaccines. - FY2021-Q2RestatedAnnual report
「As the era of living with COVID-19 begins and lifestyles and values change, the environment surrounding the Company is also gradually changing, with the number of users of Tsumitate NISA increasing, particularly among people building assets, and the foundations for the asset-building business gradually taking hold.」
Amid the continuing effects of COVID-19, the Company continues to recognize changes in lifestyles and values and the expansion of the asset-building segment. It states that there have been no significant changes in business and other risks. - FY2021-Q1WorsenedAnnual report
「The environment surrounding the Company has changed completely as a result of the spread of COVID-19, including the scaling back of business activities and changes to employee working arrangements. With the arrival of a second wave of infections approaching, measures different from previous business activities are required, but all officers and employees will continue to implement a solutions-based approach centered on Asian equities and collaboration with financial institutions, which are among the Company’s strengths, while keeping its management philosophy and basic policies in mind.」
Regarding COVID-19, the Company states that, in addition to the scaling back of business activities and changes to working arrangements, the approaching second wave has made sales initiatives different from those used previously necessary. - FY2020First statedAnnual report
「As the prolonged spread of COVID-19 has heightened concerns about a slowdown in the global economy, the stock market has also been significantly affected, and the outlook remains uncertain. In Japan, a state of emergency was declared, and the Company took measures including suspending over-the-counter operations at all sales offices to protect the safety of customers, employees and their families.」
The Company separately identified, for the first time, the effects of the spread of COVID-19 on the market, sales offices, financial position and operating results as a risk that actually resulted in the suspension of over-the-counter operations during the fiscal year.