Impact of COVID-19 on the Business Environment and Performance
First written in FY2022-Q3. 5 of 11 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2026ReframedAnnual report
「COVID-19 was classified as a Category 5 infectious disease under the Infectious Diseases Control Law in May 2023, making normalization of social and economic activity likely. The Group therefore considers the impact on its results to be minor at present. However, although the Group continues to operate primarily on a remote-work basis and provide services online, if a situation arises in which an infectious disease, including COVID-19, or another disease spreads anew, the Group’s results and financial position could be affected. Possible effects include disruption to its service delivery framework caused by the spread of infection within the Group and delays in customer companies’ decisions to adopt the Group’s services as they become more cautious about recruitment amid stalled economic activity.」
While the existing impact of COVID-19 is considered minor, the scope has been expanded to include the risk of a new infectious disease or other disease spreading. - FY2025MitigatedAnnual report
「COVID-19 was classified as a Category 5 infectious disease under the Infectious Diseases Control Law in May 2023, making normalization of social and economic activity likely. The Group therefore considers the impact on its results to be minor at present.」
The impact of COVID-19 on results is considered minor and has been classified as a residual risk with low likelihood of occurrence and medium impact. - FY2024MitigatedAnnual report
「COVID-19 was classified as a Category 5 infectious disease under the Infectious Diseases Control Law in May 2023, making normalization of social and economic activity likely. The Group therefore considers the impact on its results to be minor at present.」
The existing impact of COVID-19 on results is considered minor, weakening the previous description of continuing uncertainty and impact. However, the risk of a new infectious disease spreading remains. - FY2024-Q3RestatedAnnual report
「There have been no material changes to the assumptions and accounting estimates concerning the impact of COVID-19 described in the “Additional Information (Accounting Estimates Related to the Spread of COVID-19)” section of the securities report for the previous consolidated fiscal year. However, because the impact of the spread of COVID-19 involves many uncertainties, the Group will continue to closely monitor developments.」
While there have been no material changes to the assumptions and accounting estimates concerning the impact of the infectious disease, the Group stated that it would continue to closely monitor developments because of the many uncertainties involved. - FY2024-Q2RestatedAnnual report
「There have been no material changes to the assumptions and accounting estimates concerning the impact of COVID-19 described in the “Additional Information (Accounting Estimates Related to the Spread of COVID-19)” section of the securities report for the previous consolidated fiscal year. However, because the impact of the spread of COVID-19 involves many uncertainties, the Group will continue to closely monitor developments.」
While there have been no material changes to the assumptions and accounting estimates concerning the impact of COVID-19, the Group stated that it would continue to closely monitor developments because of the many uncertainties involved. - FY2024-Q1RestatedAnnual report
「There have been no material changes to the assumptions and accounting estimates concerning the impact of COVID-19 described in the “Additional Information (Accounting Estimates Related to the Spread of COVID-19)” section of the securities report for the previous consolidated fiscal year. However, because the impact of the spread of COVID-19 involves many uncertainties, the Group will continue to closely monitor developments.」
While there have been no material changes to the assumptions and accounting estimates concerning the impact of COVID-19, the Group stated that it would continue to closely monitor developments because of the many uncertainties involved. - FY2023-Q3RestatedAnnual report
「There have been no material changes to the assumptions and accounting estimates concerning the impact of COVID-19 described in the “Additional Information (Accounting Estimates Related to the Spread of COVID-19)” section of the securities report for the previous consolidated fiscal year. However, because the impact of the spread of COVID-19 involves many uncertainties, the Group will continue to closely monitor developments.」
While there have been no material changes to the assumptions and estimates concerning the impact of COVID-19, the Group stated that it would continue to closely monitor developments because of the many uncertainties involved. - FY2023-Q2WorsenedAnnual report
「Although the number of new COVID-19 cases had subsided, consumer activity showed signs of recovery and expectations for the normalization of economic activity rose, new cases surged again from July 2022 and daily new positive cases reached a record high, meaning that the impact on economic activity continues.」
The Group cited the surge in cases from July 2022 and the record high in daily new positive cases, explaining that the impact on economic activity continues. - FY2023-Q1RestatedAnnual report
「There have been no material changes to the assumptions and accounting estimates concerning the impact of COVID-19 described in the “Additional Information (Accounting Estimates Related to the Spread of COVID-19)” section of the securities report for the previous consolidated fiscal year. However, because the impact of the spread of COVID-19 involves many uncertainties, the Group will continue to closely monitor developments.」
While there have been no material changes to the assumptions and estimates concerning the impact of COVID-19, the Group stated that it would continue to closely monitor developments because of the many uncertainties involved. - FY2022MitigatedAnnual report
「The Group has established a framework to prevent the spread of infectious disease from disrupting service delivery while limiting the impact on business continuity as far as possible by shifting to a primarily remote-work model, implementing infection-prevention measures for officers and employees, and moving service delivery in each business online.」
Although the infectious-disease risk itself continues, the Group explained that it had established business-continuity measures based on remote work, infection prevention and the digital delivery of services. - FY2022-Q3First statedAnnual report
「Economic activity was severely restricted by the spread of COVID-19, first identified in December 2019. Although signs of an economic recovery emerged as economic activity gradually resumed following the start of vaccinations and the lifting of the state of emergency, the timing of the end of the COVID-19 pandemic and the outlook for economic activity remain extremely uncertain. In the fiscal year ending February 2022, the Group’s results were expected to be affected by the suspension of economic activity, deterioration in the performance of customer companies, an economic downturn, and the suspension or scaling back of recruitment activities resulting from the spread of COVID-19.」
The impact on the macroeconomic environment was treated as having already occurred, while the impact on the Group’s results was described as an anticipated risk.