Impact of Variant Spread on Economic Activity
First written in FY2022-Q3. 4 of 6 entries say "Materialised", first in FY2023-Q1. Latest entry: FY2024-Q3.
Bewith moved to the "Worse" side of this theme in 2022, 2 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 112 of 175 companies on the "Worse" side.
1 other company's latest entry also says "Materialised".
- FY2024-Q3MaterialisedAnnual report
「Progress against the second-half plan has been delayed, partly because spot projects, mainly coronavirus-related projects, have declined and the company is proceeding with the replacement of some low-profitability projects.」
The continued decline in spot projects, mainly coronavirus-related projects, has emerged as an ongoing business impact and is cited as a factor behind the delay in progress against plan. - FY2023MaterialisedAnnual report
「Although certain coronavirus-related projects were scaled back, the company repeatedly won orders from these industries by making highly specialized proposals through an integrated sales and operations organization in response to expanding demand in its priority strategic groups: lifelines, financial services, retail and distribution, and information and communications.」
Coronavirus-related projects were in fact scaled back, and this was also cited as a factor behind the decline in operating profit. Meanwhile, projects are being secured to offset this through expanding demand in the priority industries. - FY2023-Q2MaterialisedAnnual report
「Meanwhile, compared with plan, delays in acquiring COVID-19-related SPOT projects and delays in allocating private-sector demand projects to offset them continued from the first quarter, resulting in fewer SPOT projects than expected. From November onward, the company secured several economic recovery projects related to COVID-19 and business was beginning to recover, but it was unable to make up for the delay against plan from the start of the fiscal year through October, resulting in a shortfall of ¥796,518 thousand.」
The delay in securing SPOT projects and the delay in switching to private-sector demand projects continued, resulting in sales falling ¥796.518 million short of plan. Meanwhile, since November, the company has secured multiple economic recovery projects. - FY2023-Q1MaterialisedAnnual report
「Meanwhile, the volume of COVID-19-related work declined faster than expected, and a time lag arose in switching to projects addressing other private-sector demand, resulting in performance falling short of plan.」
The decline in COVID-19-related work and the delay in transitioning to replacement projects actually occurred and led to performance falling short of plan. - FY2022WorsenedAnnual report
「The COVID-19 pandemic remains unresolved, alternating between periods of containment and periods of spreading infection.」
The scope of the description expanded from the spread of new variants to the prolonged pandemic, deterioration in customer companies' performance, and the possibility of operations being suspended due to clusters within centers. - FY2022-Q3First statedAnnual report
「The rapid spread of new variants of COVID-19 in January 2022 led to the implementation of priority preventive measures, and restrictions on going out caused the pace of economic expansion to slow.」
The spread of new variants, implementation of priority preventive measures, restrictions on going out and the slowdown in the pace of economic expansion were described as actual environmental factors.