Decline in Users and Business Continuity Risks Caused by the Spread of Infectious Diseases Such as COVID-19
First written in FY2020. 4 of 9 entries say "Worsened", first in FY2021-Q1. Latest entry: FY2023-Q3.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2023-Q3RestatedAnnual report
「There were no significant changes to the assumptions regarding the impact of COVID-19 described in the “Significant Accounting Estimates” section of the annual securities report for the previous consolidated fiscal year.」
It has reconfirmed that there have been no material changes from the previous fiscal year in the accounting assumptions regarding the impact of COVID-19. - FY2023-Q2RestatedAnnual report
「There were no significant changes to the assumptions regarding the impact of COVID-19 described in the “Significant Accounting Estimates” section of the annual securities report for the previous consolidated fiscal year.」
States that there have been no material changes from the previous fiscal year to the accounting assumptions concerning the impact of COVID-19. - FY2022RestatedAnnual report
「If COVID-19, influenza or other infectious diseases spread and become prolonged, demand may decline across many businesses, including the general passenger motor vehicle transportation business, as customer behavior changes. Business continuity may also become difficult if employees become infected, potentially affecting operating results and financial condition.」
The company continues to identify declining demand, employee infections and effects on business continuity resulting from the spread and prolongation of infectious diseases as major risks. - FY2022-Q2WorsenedAnnual report
「Regarding the assumptions, including the expected timing of the containment of COVID-19, described in the “Significant Accounting Estimates” section of the annual securities report for the previous consolidated fiscal year, the company changed its outlook to expect the impact of the disease to be generally contained from March 2022 onward because demand recovery in the general passenger motor vehicle transportation business had slowed more than expected. However, because the impact of the disease involves many uncertainties, it may have a further impact on the Group's financial condition, operating results and cash flows.」
In response to the slowdown in demand recovery, the company changed its outlook for the infectious disease's impact to be generally contained from March 2022 onward, indicating the possibility of a prolonged impact and additional effects on operating results and financial condition. - FY2022-Q1Explicitly stated the recovery outlook based on progress in vaccinationsAnnual report
「There has been no change to the outlook, described in the “Significant Accounting Estimates” section of the annual securities report for the previous consolidated fiscal year, that the assumptions including the expected timing of COVID-19 containment would be generally resolved from October 2021 onward. Although demand recovery in the general passenger motor vehicle transportation business has slowed, vaccinations for older people are progressing and workplace vaccinations have begun. As the company works to emerge from the pandemic through the achievement of herd immunity and other developments, it expects the number of users to gradually increase and operating results to recover.」
While leaving the slowdown in demand recovery and uncertainty over the infectious disease's impact unresolved, the company indicated an outlook for general containment from October 2021 onward, progress in vaccinations, and an expected recovery in user numbers and operating results. - FY2021WorsenedAnnual report
「COVID-19 has not yet subsided and continues to affect the Group's business activities, particularly its core general passenger motor vehicle transportation business.」
The impact of the infectious disease continued at the fiscal year-end, with broad effects remaining, particularly in the core general passenger motor vehicle transportation business. - FY2021-Q2WorsenedAnnual report
「Regarding the assumptions, including the expected timing of the containment of COVID-19, described under “Additional Information: Approach to the Impact of COVID-19 When Making Accounting Estimates” in the annual securities report for the previous consolidated fiscal year, the company changed its outlook to expect the impact of the disease to continue through September 2021 because demand recovery in the general passenger motor vehicle transportation business had slowed more than expected. However, because the impact of the disease involves many uncertainties, it may have a further impact on the Group's financial condition, operating results and cash flows.」
Because demand recovery slowed more than expected, the company extended its outlook for the impact of the infectious disease to continue through September 2021 and indicated that further effects on financial condition, operating results and cash flows were possible. - FY2021-Q1WorsenedAnnual report
「The company expects the impact of the infectious disease to continue through March 2021. However, because the impact of the disease involves many uncertainties, it may have a further impact on the Group's financial condition, operating results and cash flows.」
The company indicated that the impact of the infectious disease was expected to continue through March 2021 and stated that further effects on financial condition, operating results and cash flows were possible. - FY2020MaterialisedAnnual report
「If COVID-19, influenza or other infectious diseases spread, the Group may see a decline in users across many businesses, including its general passenger motor vehicle transportation business. Business continuity may also become difficult if employees become infected, potentially affecting operating results and financial condition. Many business areas are currently affected by COVID-19, but it is difficult to forecast when the situation will subside, making it difficult to reasonably calculate its impact on operating results.」
The company explicitly identified the spread of infectious diseases as a new risk item and stated that COVID-19 had already affected many business areas. It also mentioned the Comprehensive Disaster Countermeasures Headquarters, a new BCP, and infection-prevention and spread-control measures.