Impact of the spread of COVID-19 on all businesses
First written in FY2020. 5 of 19 entries say "Restated". Latest entry: FY2025.
Nippon Yusen 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: 4 of 13 companies on the "Worse" side.
4 other companies' latest entry also says "Reframed".
- FY2025ReframedAnnual report
「The spread of infectious diseases, including COVID-19 and influenza, may still have a significant impact on all of the group's businesses.」
The risk disclosure has been broadened from a COVID-19-specific risk to the risk of outbreaks of infectious diseases generally, including influenza. - FY2025-H1RestatedAnnual report
「During the current interim consolidated fiscal period, no material event requiring a change to the matters concerning “Part I. Corporate Information, II. Business Overview, 3. Business and Other Risks” described in the annual securities report for the previous fiscal year occurred.」
The company reconfirmed that no material event requiring a change to the business and other risks, including COVID-19, had occurred. - FY2024End of COVID-19-specific measuresAnnual report
「For passenger ships, measures specifically targeting COVID-19 have ended following the change in the disease classification. However, commercial cruises continue to operate with handwashing, hand sanitising and other measures under the existing infectious-disease prevention plan.」
While COVID-19-specific measures ended following the change in the disease classification, the existing infectious-disease prevention plan continues. - FY2024-Q3RestatedAnnual report
「During the third quarter of the current consolidated cumulative period, no significant events requiring changes to the matters concerning business and other risks described in Part I, Corporate Information, Section 2, Business Conditions, 3. Risks Relating to the Business and Other Risks, of the securities report for the previous fiscal year occurred.」
The company reconfirmed that no material event requiring a change to the business and other risks, including COVID-19, had occurred. - FY2024-Q2RestatedAnnual report
「During the six months ended the second quarter of the current consolidated fiscal year, no material event requiring a change to the matters concerning “Part I. Corporate Information, II. Business Overview, 3. Business and Other Risks” described in the annual securities report for the previous fiscal year occurred.」
The company reconfirmed that no material event requiring a change to the business and other risks, including COVID-19, had occurred. - FY2024-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, no material event requiring a change to the matters concerning “Part I. Corporate Information, II. Business Overview, 3. Business and Other Risks” described in the annual securities report for the previous fiscal year occurred.」
The company reconfirmed that no material event requiring a change to the business and other risks, including COVID-19, had occurred. - FY2023RestatedAnnual report
「The global COVID-19 pandemic may still have a significant impact on all of the group's businesses.」
The pandemic continues to be described as a risk that could affect all businesses. - FY2023-Q3The impact of the pandemic on automobile production is gradually easingAnnual report
「In the automobile transport business, the effects of the global semiconductor shortage and COVID-19 on finished-vehicle production gradually eased, and the number of vehicles transported increased year on year.」
While the impact of COVID-19 on finished-vehicle production is gradually easing, the company has not stated that the impact of the pandemic has disappeared uniformly across all businesses. - FY2023-Q2Decline in cargo demand due to China's lockdowns and other factorsAnnual report
「In the air transport business, cargo movements declined due to lockdowns in China, the global economic slowdown, and a weakening of the shift of some ocean freight to air transport.」
Air cargo movements declined due to the impact of the pandemic and the economic slowdown. The shift from ocean freight to air transport also weakened. - FY2023-Q1Transport constraints and high freight rates amid lockdowns and geopolitical tensionsAnnual report
「In the air transport business, cargo movements slowed somewhat due to the impact of lockdowns in China and elsewhere. Supply capacity and cargo load factors fell below the initial plan because of major flight suspensions on the Shanghai route and reduced flights to Europe amid the Russia-Ukraine situation, but freight rates remained high due to strong transport demand for semiconductor manufacturing equipment and the renewal of long-term contracts in favourable market conditions.」
While cargo movements and supply capacity were constrained by China's lockdowns and the Russia-Ukraine situation, freight rates remained high due to demand for semiconductor manufacturing equipment and the renewal of long-term contracts. - FY2022Cargo demand and freight rates remain high despite the continued pandemic impactAnnual report
「In the air transport business, reductions and suspensions of international passenger flights continued due to COVID-19, while air cargo movements remained firm, led by automotive- and semiconductor-related cargo. In addition, the shift of some ocean freight to air transport continued because of shortages of container-ship capacity and port congestion, keeping cargo load factors and freight rates at high levels.」
While supply constraints on international passenger flights caused by the pandemic continued, air cargo load factors and freight rates remained high due to automotive- and semiconductor-related cargo and the shift of cargo from ocean transport. - FY2022-Q3Passenger-flight constraints and firm cargo demand during the pandemicAnnual report
「In the air transport business, reductions and suspensions of international passenger flights continued due to COVID-19, while air cargo movements remained firm, led by automotive- and semiconductor-related cargo. In addition, the shift of some ocean freight to air transport continued because of shortages of container-ship capacity and port congestion, keeping cargo load factors and freight rates at high levels.」
While supply constraints on international passenger flights caused by the pandemic continued, air cargo load factors and freight rates remained high due to automotive- and semiconductor-related cargo and the shift of cargo from ocean transport. - FY2022-Q2Pandemic impact and recovery in demand occurring simultaneouslyAnnual report
「In the air transport business, reductions and suspensions of international passenger flights continued due to COVID-19, while air cargo movements remained firm, led by automotive-, semiconductor- and e-commerce-related cargo.」
While supply constraints caused by reduced and suspended international passenger flights continued, demand for automotive-, semiconductor- and e-commerce-related cargo remained firm. - FY2022-Q1Continued pandemic impact and recovery in demandAnnual report
「In the air transport business, reductions and suspensions of international passenger flights continued due to the spread of COVID-19. Meanwhile, cargo movements remained firm, led by automotive parts, semiconductors, e-commerce and work-from-home-related cargo.」
While supply constraints on international passenger flights caused by the pandemic continued, cargo demand for automotive parts, semiconductors, e-commerce and other goods remained firm. - FY2021Sharp recovery after the decline in demandAnnual report
「During the current consolidated fiscal year, as the spread of COVID-19 affected the global economy, cargo movements in each of our businesses declined year on year in the first quarter. From the second quarter onward, demand recovered more than expected, and our results remained strong, supported particularly by robust cargo conditions in the liner, air transport and logistics businesses.」
The impact of the pandemic continued throughout the fiscal year, but demand recovered more than expected from the second quarter onward, with declines and sharp increases in demand occurring simultaneously across businesses. - FY2021-Q3MaterialisedAnnual report
「The return of international passenger flights to the market was limited as the impact of the spread of COVID-19 continued.」
The impact of the pandemic continued in different forms across businesses, including restrictions on the resumption of international passenger flights, effects on automobile transport and energy demand, and a shift from ocean freight to air freight. Meanwhile, some businesses benefited from temporary demand, such as stay-at-home demand and demand for medical supplies. - FY2021-Q2MaterialisedAnnual report
「Cargo volumes declined year on year as a result of the global decrease in cargo volumes caused by the spread of COVID-19.」
The impact of COVID-19 continued to appear as a global decline in ONE's cargo volumes and loaded volumes. Meanwhile, some businesses, including air transport and logistics, recorded higher revenue and earnings due to tight supply and demand and stay-at-home demand. - FY2021-Q1MaterialisedAnnual report
「During the first quarter of the current consolidated fiscal year, some business segments benefited from temporary demand. Although the impact and severity of the spread of COVID-19 varied according to the characteristics of each business, the company made accounting estimates, including impairment accounting for fixed assets, based on the assumption of a gradual recovery going forward.」
The impact of COVID-19 appeared differently in actual results by business segment, and the company used the assumption of a gradual recovery going forward in its accounting estimates. - FY2020First statedAnnual report
「The contraction in economic activity caused by the global COVID-19 pandemic is expected to have a significant impact on all of the group's businesses going forward.」
The company described the global COVID-19 pandemic as a standalone risk for the first time. The business overview states that the impact on operations in each business began in the fourth quarter.