Risk of lower operating revenue and site closures due to the spread of COVID-19
First written in FY2020. 5 of 15 entries say "Worsened", first in FY2021-Q3. Latest entry: FY2024.
NANSO Transport moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2025: 7 of 24 companies on the "Worse" side.
7 other companies' latest entry also says "Softened".
- FY2024SoftenedAnnual report
「Although COVID-19 is gradually coming under control, if it recurs or a new infectious disease spreads, there is an expected risk of an impact on results and business continuity, including reduced operational capacity.」
The infection risk remains as a contingency for a resurgence or a new infectious disease, while the wording has changed to state that the current situation is gradually coming under control. - FY2024-Q3SoftenedAnnual report
「During the cumulative third-quarter period, as restrictions on movement related to COVID-19 were eased, signs emerged that economic activity was moving toward normalization,」
The easing of restrictions on movement related to COVID-19 and signs of economic activity moving toward normalization are cited, weakening the description of infection risk from the previous period's uncertain situation. - FY2024-Q1SoftenedAnnual report
「During the cumulative first-quarter period, Japan's economy showed signs of recovery and normalization in social and economic activity following the reclassification of COVID-19 to Category V. However, consumer prices rose due to surging global prices for resources, energy, commodities and raw materials, reflecting the prolonged Russia-Ukraine situation and other factors. Concerns about an economic downturn remain due to weaker sentiment toward personal consumption, and the outlook is uncertain.」
The company states that social and economic activity is recovering and normalizing following the reclassification of COVID-19 to Category V, indicating that the wording regarding the risk of lower operating revenue and site closures due to the pandemic has weakened from the previous period. Meanwhile, concerns about an economic downturn due to rising prices and other factors continue. - FY2023-Q3RestatedAnnual report
「During the cumulative third-quarter period, following the review of restrictions on movement as a measure against COVID-19, signs emerged of efforts to balance the continuation of basic infection-prevention measures with the recovery of social and economic activity.」
Although the impact of the pandemic continues, the company indicates efforts to balance the review of restrictions on movement with the recovery of social and economic activity. - FY2023-Q2SoftenedAnnual report
「During the cumulative second-quarter period, as the impact of COVID-19 prolonged, the number of new infections declined and, following the review of restrictions on movement, signs emerged of efforts to balance the continuation of basic infection-prevention measures with the recovery of social and economic activity.」
Although the impact of the pandemic continues, the decline in new infections, the review of restrictions on movement and efforts to restore social and economic activity indicate that the risk wording has eased from the previous period. - FY2023-Q1WorsenedAnnual report
「Although the government fully lifted the priority preventive measures to prevent the spread of the disease in late March this year amid the prolonged impact of COVID-19, signs of a recovery in social and economic activity emerged. However, with the emergence of new variants and other factors, the timing of the pandemic's subsidence remains unforeseeable,」
Although signs of a recovery in social and economic activity have emerged, the company indicates that the emergence of new variants and the lack of visibility regarding the end of the pandemic mean that uncertainty surrounding infection risk continues. - FY2022SoftenedAnnual report
「Although COVID-19 is gradually coming under control as the number of infections rises and falls repeatedly, the outlook remains uncertain.」
The infection risk continues, but the wording has changed from the previous period's references to a third wave and another state of emergency to state that the situation is “gradually returning to normal” despite repeated increases and decreases in infections. - FY2022-Q3WorsenedAnnual report
「During the cumulative third-quarter period, as the impact of COVID-19 prolonged, the government lifted the state of emergency at the end of September 2021, after which signs emerged that the spread of the infection was subsiding. However, the economic outlook remains uncertain due to concerns about a renewed spread, including the emergence of new variants.」
Although signs of containment emerged after the state of emergency was lifted, concerns about a renewed spread, including new variants, indicate continued uncertainty regarding the economic recovery and the impact on results. - FY2022-Q2WorsenedAnnual report
「During the cumulative second-quarter period, Japan's economy remained in a challenging environment, with economic activity severely restricted as the impact of COVID-19 prolonged and the government repeatedly issued states of emergency and other measures. Although the number of new infections began to decline in the latter half of the quarter, the outlook remained uncertain due to concerns about a sixth wave,」
The prolonged impact of the pandemic, repeated states of emergency and concerns about a sixth wave are cited, indicating continued uncertainty regarding economic activity and results. - FY2022-Q1RestatedAnnual report
「Regarding the future economic outlook, although vaccination is progressing in stages while COVID-19 remains rampant in Japan and the government implements regional states of emergency or priority preventive measures to prevent the spread of the disease, uncertainty is high and it is extremely difficult to forecast the future outlook.」
The company continues to recognize the high uncertainty surrounding the impact on results, while citing the continued severity of the pandemic, states of emergency and progress in vaccination. - FY2021WorsenedAnnual report
「Although vaccination is progressing in stages while the government continues to issue state-of-emergency declarations or implement priority preventive measures to prevent the spread of the disease in various regions, COVID-19 remains rampant in Japan, uncertainty is high and it is extremely difficult to forecast economic trends. The outlook is therefore expected to remain uncertain.」
In addition to the continued spread of the infection, the company points to variants and repeated states of emergency, indicating continued uncertainty regarding containment of the disease and its impact on results. - FY2021-Q3WorsenedAnnual report
「Regarding the future economic outlook, while the government has introduced economic stimulus measures to support the recovery of personal consumption amid the spread of a third wave of COVID-19, further spread has become a reality and the reissuance of a state of emergency has made it difficult to predict when the pandemic will subside. Accordingly, the impact of COVID-19 on the company's future results cannot currently be determined,」
The spread of a third wave and the reissuance of a state of emergency have made the timing of the pandemic's subsidence and its future impact on results even more uncertain. For the cumulative third-quarter period, operating revenue fell 9.1%, operating profit fell 20.5% and net income attributable to owners of the parent fell 29.8%. - FY2021-Q2MaterialisedAnnual report
「Regarding the future economic outlook, while the government has introduced economic stimulus measures to support the recovery of personal consumption amid the spread of a second wave of COVID-19, the possibility of further spread cannot be ruled out, making it difficult to predict when the pandemic will subside. Accordingly, the impact of COVID-19 on the company's results cannot currently be determined,」
The company indicates the uncertainty surrounding the spread of a second wave and the timing of its subsidence. For the cumulative second-quarter period, operating revenue fell 7.7%, operating profit fell 22.9% and net income attributable to owners of the parent fell 38.2%, indicating that the pandemic has affected results. - FY2021-Q1MaterialisedAnnual report
「The operating environment is expected to remain challenging due to the deterioration of economic conditions caused by COVID-19.」
The impact of COVID-19 has appeared in actual results, with operating revenue down 8.4% year on year and operating profit down 24.9%. The freight transportation, ancillary services and other businesses also recorded lower revenue and earnings or operating losses. - FY2020First statedAnnual report
「As the COVID-19 pandemic spread, the government issued a state of emergency on 7 April 2020, which was fully lifted on 26 May of the same year. During this period, a risk of lower operating revenue arose. In addition, if the infection spreads in a second wave, there is a risk that the company's results will be affected, while an in-house infection could result in the closure of the head office or a branch, affecting the business.」
For the first time, the company specifically discloses lower operating revenue, the impact on results of a second wave and the closure of the head office or branches in the event of in-house infections as key risks associated with the spread of COVID-19.