Risk of economic stagnation due to the spread of the novel coronavirus
First written in FY2020. 6 of 13 entries say "Mitigated", first in FY2021-Q2. Latest entry: FY2024.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024MitigatedAnnual report
「During the consolidated fiscal year, Japan's economy showed a gradual recovery as social activity normalized following the reclassification of COVID-19 as a Class 5 disease, while personal consumption recovered and employment and income conditions improved.」
The reclassification of COVID-19 as a Class 5 disease and normalization of social activity were reported, easing the risk of economic stagnation compared with the previous fiscal year. - FY2024-Q3RestatedAnnual report
「During the nine-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes to existing risks and does not indicate any new material changes regarding the risk of economic stagnation caused by the spread of COVID-19. - FY2023MitigatedAnnual report
「During the consolidated fiscal year, Japan's economy showed a gradual recovery as restrictions on activities to prevent COVID-19 were eased and personal consumption recovered amid the normalization of economic activity.」
The easing of activity restrictions and normalization of economic activity were reported, easing the risk of economic stagnation caused by COVID-19 compared with the previous fiscal year. However, it was not stated that the impact of the pandemic had disappeared. - FY2023-Q3MitigatedAnnual report
「During the cumulative third quarter, Japan's economy showed signs of a gradual recovery due to the easing of restrictions on activities to prevent COVID-19 and the recovery of domestic tourism support measures and inbound tourism.」
The Group stated that Japan's domestic economy showed signs of a gradual recovery due to the easing of activity restrictions, travel support measures and the recovery of inbound tourism. It did not state that the pandemic-related risk itself had disappeared. - FY2023-Q2RestatedAnnual report
「The impact of COVID-19 on Japan's domestic economy continued, and the economic outlook remained uncertain and challenging due to factors including prolonged geopolitical tensions associated with Russia's invasion of Ukraine and the impact of a sharp depreciation of the yen against the U.S. dollar in the foreign exchange market.」
The impact of COVID-19 on Japan's domestic economy was stated to be continuing, and pandemic-related risks and uncertainty about the economic outlook remained. - FY2023-Q1WorsenedAnnual report
「During the cumulative first quarter, Japan's economy was in a lull in the COVID-19 pandemic, but the situation continued to require close monitoring due to a renewed spread of infections.」
The Group stated that COVID-19 had spread again after entering a lull and that the situation continued to require close monitoring. It also stated in the business and other risks section that there were no new risks or material changes to existing risks. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year ending March 2022, Japan's economy was gradually reopening as COVID-19 vaccinations became more widespread, but the overall economic outlook remained uncertain due to the emergence of new variants and other factors.」
The Group described a gradual reopening of economic activity through vaccinations, while uncertainty about the overall economy continued due to the emergence of new variants and other factors. No material changes were identified in business and other risks. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year ending March 2022, vaccinations against COVID-19 were gradually progressing, but as the end of the pandemic remained unforeseeable and uncertainty about the outlook continued, the Group continued to conduct its various businesses while thoroughly implementing infection-prevention measures.」
Although vaccinations were progressing, the end of the pandemic remained unforeseeable, and the Group described the continuing uncertainty about the outlook and continuation of infection-prevention measures. No material changes were identified in business and other risks. - FY2021MitigatedAnnual report
「In the condominium development market in which the Group operates, customers' requirements for housing changed during the COVID-19 pandemic, but no significant change was observed in their willingness to purchase. End users' lifestyles continue to diversify due to the increase in single-person and dual-income households and changing values, among other factors, and demand for compact condominiums is trending upward in addition to demand for location and convenience.」
The impact of the COVID-19 pandemic and the state of emergency on economic activity continued, but no significant change was observed in willingness to purchase, and a recovery and continuation of sales demand, including demand for compact condominiums, was described. - FY2021-Q3MitigatedAnnual report
「During the cumulative third quarter of the fiscal year ending March 2021, the Group's business activities were restricted for part of the period due to the impact of COVID-19. From June onward, the Group worked toward an early return to normal operations while thoroughly implementing infection-prevention measures. In the core business of newly built condominium sales, signs of recovery became pronounced from June onward, with the number of visitors to model rooms reaching levels comparable to the previous year. The Group will continue its business activities while implementing infection-prevention measures, including the use of online meetings with customers.」
Restrictions on business activities continued, but the recovery trend from June onward, with model-room visitors reaching levels comparable to the previous year, continued to be described, and infection-prevention measures, including the use of online meetings with customers, remain in place. - FY2021-Q2MitigatedAnnual report
「During the cumulative second quarter of the fiscal year ending March 2021, the Group's business activities were restricted for part of the period due to the impact of COVID-19. From June onward, the Group worked toward an early return to normal operations while thoroughly implementing infection-prevention measures. In the core business of newly built condominium sales, signs of recovery became pronounced from June onward, with the number of visitors to model rooms reaching levels comparable to the previous year.」
Restrictions on business activities continued due to COVID-19, but from June onward the Group proceeded with normalization based on infection-prevention measures, and signs of recovery in sales demand emerged, including the number of model-room visitors reaching levels comparable to the previous year. The risk itself continued to materialize. - FY2021-Q1MaterialisedAnnual report
「During the cumulative first quarter of the fiscal year ending March 2021, the Group's sales outlets nationwide generally suspended sales activities in response to the state of emergency declared on 7 April to prevent the spread of COVID-19. After the state of emergency was lifted, the Group resumed normal operations while thoroughly implementing infection-prevention measures.」
In response to the state of emergency declared due to the spread of COVID-19, sales activities were in fact generally suspended at sales outlets nationwide. Normal operations were subsequently resumed with thorough infection-prevention measures. - FY2020First statedAnnual report
「Since the beginning of 2020, the impact of COVID-19 has expanded the stagnation of economic activity not only in Japan but worldwide, increasing uncertainty about the outlook.」
The stagnation of economic activity caused by COVID-19 and the resulting uncertainty about the outlook are disclosed as new risks in the business environment during the fiscal year. The accounting estimates assume that the impact will continue for a certain period during the fiscal year ending March 2021.