Impact of COVID-19 on business activities and earnings
First written in FY2020-Q3. 6 of 13 entries say "Materialised", first in FY2020. Latest entry: FY2026.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2026DroppedAnnual reportThe COVID-19 risk previously disclosed is not expressly included in the list of business and other risks for the current fiscal year.
- FY2023MitigatedAnnual report
「During the fiscal year, the Japanese economy recovered moderately as the impact of supply constraints on semiconductors and other items and COVID-19 eased, despite the impact of higher resource prices.」
The effects of supply constraints on semiconductors and other products and of COVID-19 are considered to have eased, reducing their impact on business activities and earnings through the previous fiscal year. - FY2023-Q3RestatedAnnual report
「During the first 3 quarters of the fiscal year, the Japanese economy recovered moderately as the impact of supply constraints on semiconductors and other items and COVID-19 eased, despite the impact of higher resource prices.」
The impact of semiconductor supply constraints and COVID-19 was said to have eased, maintaining the view that the impact had moderated through the previous fiscal year. - FY2023-Q2MitigatedAnnual report
「During the second quarter of the fiscal year, the Japanese economy recovered moderately as the impact of supply constraints on semiconductors and other items eased and efforts to contain COVID-19 while maintaining economic activity progressed, despite the impact of higher resource prices.」
The impact of COVID-19 on economic and business activity has eased compared with the previous fiscal year as the impact of supply constraints on semiconductors and other items diminished and efforts to contain the infection while maintaining economic activity progressed. Meanwhile, the impact of higher resource prices remains. - FY2022-Q3MaterialisedAnnual report
「During the first 3 quarters of the fiscal year, the Japanese economy was recovering in many areas, but the recovery in sectors such as automobiles paused due to the impact of the resurgence of COVID-19 and partial production cuts resulting from supply constraints on semiconductors and other items.」
The resurgence of COVID-19 continues to have an actual impact on the automobile market and the group's results through supply constraints and partial production cuts. - FY2022-Q2MaterialisedAnnual report
「The company was significantly affected by reduced automobile production due to shortages of automobile parts resulting from semiconductor shortages and the resurgence of COVID-19 in Southeast Asia.」
The resurgence of COVID-19 in Southeast Asia continues to have an actual impact on domestic automobile sales and the China vehicle transportation business through shortages of automobile parts and reduced production. - FY2022-Q1MaterialisedAnnual report
「During the first 3 quarters of the fiscal year, the Japanese economy showed signs of recovery in many areas, but some areas saw the recovery stall due to the impact of the fifth wave of COVID-19 and partial production cuts resulting from supply constraints.」
The impact of the fifth wave of COVID-19 continues to emerge, together with supply constraints and partial production cuts, as a factor causing economic activity to stagnate. - FY2021RestatedAnnual report
「Our group expects the impact of COVID-19 to continue for a certain period during the fiscal year ending June 2022, but considers the impact to be limited.」
The company continues to expect the impact of COVID-19 to continue during the fiscal year ending June 2022, while maintaining its view that the impact will be limited. - FY2021-Q3MitigatedAnnual report
「Regarding the risk item “Risk related to COVID-19” described in the securities report for the previous fiscal year, we had expected the impact to continue for part of the fiscal year ending June 2021. However, with the gradual resumption of economic activity, although the impact differs by business and region, we expect the impact on our group's results to remain smaller than initially anticipated and to recover gradually. Nevertheless, the environment remains highly uncertain, and depending on how the situation develops, our group's results could be materially affected.」
The expected impact of the infection on operating results has changed to a gradual recovery, with the impact expected to be smaller than initially anticipated. However, the company continues to state that the highly uncertain environment could have a significant impact in the future. - FY2021-Q2MaterialisedAnnual report
「The transportation business was on a recovery trend from the impact of the spread of COVID-19 and reported higher revenue, while revenue declined in the staffing and airport-related human resources businesses because they were affected by employment terminations at client sites resulting from the spread of COVID-19.」
The impact of COVID-19 continues to materialize as lower revenue in the temporary staffing and airport-related human resources businesses due to the termination of assignments by clients. Meanwhile, the passenger shuttle business is showing signs of recovery. - FY2021-Q1MaterialisedAnnual report
「The contracted transportation business was recovering from the impact of the spread of COVID-19 and generated higher revenue, while the personnel dispatch and airport-related personnel businesses generated lower revenue because they were affected by the suspension of employment at client sites due to the spread of COVID-19. Profit increased as the company worked to reduce selling, general and administrative expenses and recorded employment adjustment subsidies.」
The impact of the spread of the infection has materialized as lower revenue in the temporary staffing and airport-related human resources businesses due to the termination of assignments by clients. Meanwhile, the human resources business posted higher profit due to reductions in selling, general and administrative expenses and employment adjustment subsidies. - FY2020MaterialisedAnnual report
「The spread of COVID-19 has affected our group's revenue through sluggish new vehicle sales, a decline in contracted vehicle transportation volumes, a decline in used vehicle export volumes and the termination of temporary staffing assignments, among other factors.」
The impact of COVID-19 was reported to have actually affected revenue through new vehicle sales, vehicle transportation, used vehicle exports and the termination of temporary staffing assignments. The impact was expected to continue for part of the fiscal year ending June 2021. - FY2020-Q3First statedAnnual report
「The spread of pneumonia caused by the novel coronavirus, which originated in China, became apparent in January 2020 and has continued to expand globally. Although our group's overseas business activities are limited, stagnation in domestic production and logistics activities related to our group's businesses and other factors could affect our group's business activities and ability to secure earnings, depending on how the situation develops.」
The global spread of COVID-19 was identified for the first time as an additional business and other risk. The analysis of operating results also states that the spread of the infection affected the third quarter, putting downward pressure on economic activity and weakening personal consumption.