Impact of the COVID-19 Pandemic on the Global Economy and Business Activities
First written in FY2021-Q1. 1 of 10 entries say "Materialised", first in FY2021-Q2. Latest entry: FY2024-Q1.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024-Q1MitigatedAnnual report
「In the studio business within the real estate-related businesses, demand began to recover as companies increased their advertising and promotional activities following the easing of measures against the infectious disease.」
It states that demand in the studio business began to recover as advertising and promotional activities picked up following the easing of measures against the infectious disease. - FY2023-Q3Demand recovery amid the continuing impact of the infectious diseaseAnnual report
「In the real estate business, the commercial floors of buildings owned by the company and the photo studio business operated by ㈱イイノ・メディアプロ were affected by the infectious disease. However, office floors continued to operate smoothly, enabling the business as a whole to secure stable earnings.」
It states that, although the impact of the infectious disease continued on commercial floors and the photo studio business, the smooth operation of office floors enabled the real estate business as a whole to secure stable earnings. - FY2023-Q1Overall earnings secured despite the continuing impact of the infectious diseaseAnnual report
「In the real estate business, the commercial floors of buildings owned by the company and the photo studio business operated by ㈱イイノ・メディアプロ were affected by the infectious disease. However, office floors continued to operate smoothly, enabling the business as a whole to secure stable earnings.」
It states that, although the impact of the infectious disease continued on commercial floors and the photo studio business, the smooth operation of office floors enabled the real estate business as a whole to secure stable earnings. - FY2022Restrictions on activities eased while responses continued amid the impact of variantsAnnual report
「Although the global spread of COVID-19 has proceeded unevenly, the rate of severe illness has declined as vaccinations have progressed, and restrictions on activities are gradually being eased in some regions. Meanwhile, the possibility of future outbreaks of new variants cannot be ruled out, and the business environment surrounding the global economy and our group is expected to remain unpredictable.」
While vaccinations have reduced the rate of severe illness and restrictions have eased in some regions, the possibility of new variants and uncertainty in the business environment persist. - FY2022-Q3Recovery and business impacts coexisted amid the resurgence of variantsAnnual report
「During the first nine months of the fiscal year under review, the global economy showed signs of economic recovery from early autumn onward, except in some countries, despite the impact of a resurgence in infections caused by new variants of the novel coronavirus disease (COVID-19; hereinafter, the “pandemic”).」
While the resurgence of COVID-19 variants continued, economic recovery progressed in some regions from early autumn onward. Operating risks, including restrictions on crew changes due to the infectious disease, had not been resolved. - FY2022-Q2Economic and operating impacts continued amid the resurgence of the infectious diseaseAnnual report
「Meanwhile, although Japan's economy continued to show signs of recovery, conditions remained difficult as measures taken in response to the resurgence of the infectious disease weighed on consumption.」
In Japan, the resurgence of the infectious disease and emergency measures weighed on consumption, while restrictions on crew changes in shipping and the impact on real estate- and culture-related businesses also continued. - FY2022-Q1Impact of the infectious disease continued despite progress on vaccinationsAnnual report
「Meanwhile, although Japan's economy continued to show signs of recovery, conditions remained difficult as the issuance of a third state of emergency declaration due to the resurgence of the infectious disease weighed on consumption.」
While vaccinations progressed globally and economic expansion began to take hold, the resurgence of the infectious disease and the state of emergency declaration continued to affect consumption and business activity in Japan. - FY2021-Q3Impact continued amid resurgences and lockdownsAnnual report
「During the first 3 quarters of the current fiscal year, the global economy remained on a slowing trend as COVID-19 continued to spread worldwide. Although vaccination began in some countries toward year-end, measures to prevent the spread of the infectious disease were prioritized, particularly in many countries in the Northern Hemisphere, where infections resurged and lockdowns were implemented again.」
It states that the economic slowdown caused by the worldwide spread of the infectious disease continued, while resurgences and lockdowns occurred despite the start of vaccinations. - FY2021-Q2MaterialisedAnnual report
「Operating risks became apparent, including slower transportation demand due to the infectious disease and restrictions on crew changes to prevent its spread.」
It states that the infectious disease had a specific impact on transportation demand and crew changes, causing operating risks to become apparent. - FY2021-Q1First statedAnnual report
「During the first quarter of the current fiscal year, the global economy weakened further as COVID-19 spread worldwide. Although some restrictions on movement were lifted and economic activity gradually resumed in China and European countries, among others, the economy remained at a low level amid concerns about a second wave of infections. In the United States, where there were no signs that the infectious disease was coming under control, economic conditions deteriorated markedly. In Japan, the state of emergency was lifted at the end of May 2020, but the domestic economy remained generally depressed and in a difficult situation.」
While the Business Risks section states that there were no new risks or significant changes, the analysis of operating results states that the worldwide spread of the infectious disease had an actual impact on the global economy, shipping markets, real estate tenants, and the hall and photo studio businesses.