Business Impact of COVID-19
First written in FY2022-Q3. 1 of 3 entries say "Mitigated", first in FY2024-Q1. Latest entry: FY2025.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2025ReframedAnnual report
「If the emergence of a new infectious disease or other event is expected to constrain face-to-face sales activities as in the past or prolong various procedures with administrative authorities, it could affect the Group's operating performance and financial condition.」
The disclosure was reframed from the specific impact of COVID-19 to the broader infectious-disease risk of future diseases affecting sales activities and administrative procedures. - FY2024-Q1MitigatedAnnual report
「Economic activity has continued to normalise and is gradually recovering, partly because COVID-19 was reclassified under the Infectious Diseases Control Law to Category 5, the same category as seasonal influenza.」
The change in COVID-19's legal classification and the normalisation of economic activity were described, indicating that the business-environment risk from COVID-19 was moving lower than in the previous filing. - FY2022-Q3First statedAnnual report
「Based on the progress of construction work by major construction companies, the Group's principal customers, the impact of the spread of COVID-19 is currently considered to be limited.」
Although the impact of the infectious disease had materialised, as of the filing date its impact through major customers was assessed as limited.