Risk of lower import/export and delivery volumes and business suspension due to COVID-19
First written in FY2020. 6 of 14 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2023: 2 of 10 companies on the "Worse" side.
1 other company's latest entry also says "Dropped".
- FY2026DroppedAnnual report
「During the current consolidated fiscal year, Japan's economy remained on a gradual recovery path, supported by improvements in employment and income conditions and a recovery in capital investment, although there were periods in which personal consumption lacked strength due to the impact of rising prices, and the outlook remained uncertain.」
The risks of reduced import, export and delivery volumes and business suspension due to COVID-19 were not disclosed separately in the major risks or performance commentary for the fiscal year. - FY2024-Q1MitigatedAnnual report
「Although COVID-19 was reclassified as a Class 5 disease under the Infectious Diseases Control Law and the economy was on a gradual recovery trend,」
The description of restrictions on economic activity due to COVID-19 now refers to its reclassification as a Class 5 disease and a gradual recovery trend, shifting from the previous focus on the spread of infections and activity restrictions toward easing impacts. However, uncertainties such as China's weak economy remain. - FY2023RestatedAnnual report
「Although the spread of COVID-19 has gradually been brought under control and a full-scale reopening of economic activity is expected, declines in import and export transactions and delivery volumes, among other factors, may cause fluctuations in the earnings of the port transportation and customs clearance businesses and the freight motor vehicle transportation business.」
While expressing expectations that the spread of infections would be contained and economic activity would resume, the report continued to identify declines in import and export transactions and delivery volumes and the possibility of business suspension as risks. - FY2023-Q3RestatedAnnual report
「During the first nine months of the fiscal year, an economic recovery was expected as various policy measures took effect while living with COVID-19. However, while global monetary tightening and other factors continue, a downturn in overseas economies poses a risk to the Japanese economy. Close attention is also required to the impact of higher prices, supply-side constraints, fluctuations in financial and capital markets, and infection trends in China.」
While expressing expectations for an economic recovery amid the transition to living with COVID-19, the report also cites a downturn in overseas economies, rising prices, supply constraints, financial market volatility, and COVID-19 trends in China. - FY2023-Q2Transition to living with COVID-19 alongside external risksAnnual report
「During the six-month period of the current second quarter of the consolidated fiscal year, Japan's economy was expected to recover through the effects of various policies as the transition to a new phase of living with COVID-19 progressed. However, as global monetary tightening and other factors continued, a downturn in overseas economies posed a risk of placing downward pressure on Japan's economy.」
While expectations were expressed for the easing of restrictions on economic activity caused by COVID-19 and an economic recovery, external risks, including a downturn in overseas economies, were also cited. - FY2023-Q1Progress toward economic normalisation alongside external uncertaintyAnnual report
「During the first three months of the fiscal year, the Japanese economy was expected to recover as economic activity normalised amid comprehensive measures to address COVID-19. However, the outlook for the economy remained uncertain due to factors including the prolonged situation in Ukraine and the impact of restrictions on economic activity in China.」
While expectations were expressed for the easing of restrictions on economic activity associated with COVID-19 and a return to normal conditions, uncertainty remained due to the protracted situation in Ukraine and China's restrictions on economic activity. - FY2022Economic normalisation alongside the continuing impact of COVID-19Annual report
「Although revenue declined in the port transportation and customs clearance business due to the impact of the spread of COVID-19 overseas, revenue increased in the petroleum, drum can and other sales, freight motor vehicle transportation, and warehousing businesses as handling volumes rose amid economic normalisation resulting from a decline in domestic COVID-19 cases and progress in vaccination.」
While COVID-19 continued to reduce revenue in the port transportation and customs clearance business, handling volumes increased across multiple businesses as the economy normalised with the decline in domestic infections and progress in vaccination. - FY2022-Q3MitigatedAnnual report
「During the nine-month period of the current third quarter of the consolidated fiscal year, Japan's economy showed signs of recovery recently as the severe conditions caused by COVID-19 gradually eased.」
The description changed to state that the severe conditions caused by COVID-19 were gradually easing and the economy was showing signs of recovery. However, handling volumes continued to decline in the port transportation and customs clearance business. - FY2022-Q2RestatedAnnual report
「Although the handling volumes of major customers in the port transportation and customs clearance business declined due to the impact of the pandemic on the global economy, revenue increased through higher sales and delivery volumes in the petroleum, drum can and other sales business, higher transportation volumes in the freight motor vehicle transportation business, higher handling volumes and delivery fees in warehousing, and a higher number of construction orders in the tank cleaning and repair business,」
The report states that, while lower handling volumes among major customers continued due to the pandemic, multiple other businesses generated higher revenue from increased volumes and orders. - FY2021RestatedAnnual report
「Although revenue increased due to the higher number of construction orders in the tank cleaning and repair business, the petroleum, drum can and other sales, freight motor vehicle transportation, and port transportation and customs clearance businesses experienced revenue declines due to lower handling volumes resulting from the spread of COVID-19,」
The impact of COVID-19 continued to materialise throughout the fiscal year as lower handling volumes and revenue declines across multiple businesses. - FY2021-Q3RestatedAnnual report
「Although the number of construction orders in the tank cleaning and repair business increased, revenue declined in the other segments due to lower handling volumes resulting from the impact of COVID-19,」
The impact of COVID-19 continued to materialise as lower handling volumes and revenue declines in segments other than the tank cleaning and repair business. - FY2021-Q2RestatedAnnual report
「However, COVID-19 caused revenue declines due to lower handling volumes in each segment,」
The impact of COVID-19 continued to materialise in the form of lower handling volumes and revenue declines across the segments, following the previous quarter. - FY2021-Q1MaterialisedAnnual report
「The freight motor vehicle transportation, drum can and other sales, port transportation and customs clearance, warehousing, and tank cleaning and repair businesses experienced revenue declines due to lower handling volumes resulting from the spread of COVID-19,」
The report states that the impact of COVID-19 identified as a risk in the FY2020 annual report actually materialised as lower handling volumes and revenue declines across multiple businesses. - FY2020First statedAnnual report
「Declines in import and export transactions and delivery volumes, among other factors, may cause fluctuations in the earnings of the port transportation and customs clearance businesses and the freight motor vehicle transportation business. In addition, if infections spread among employees of the Group, business operations may be temporarily suspended, potentially affecting the Group's operating results and financial condition.」
COVID-19 was first disclosed as a standalone major risk, citing declines in import and export transactions and delivery volumes and the temporary suspension of operations due to employee infections.