Risk of Business Disruption and Employee Infection Due to COVID-19
First written in FY2020. 6 of 17 entries say "Softened", first in FY2021-Q3. Latest entry: FY2026.
Sakurajima Futo moved to the "Worse" side of this theme in 2020, 3 years before the typical company in this theme (2023).
The whole theme swung hardest in 2025: 2 of 12 companies on the "Worse" side.
18 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The Group has established systems to continue its business activities by implementing measures including work-from-home and staggered working hours, in addition to hygiene management measures such as disinfection, as safety measures against infectious diseases. However, if an employee or a worker of a dedicated subcontractor contracts an infectious disease, this could affect the Group's business activities, operating results and financial condition.」
Even after social and economic activity normalized, the disclosure continues to identify employees and dedicated subcontractor workers contracting an infectious disease, and the resulting impact on business activities, as risks. - FY2025-H1SoftenedAnnual report
「During the interim consolidated accounting period (1 April 2024 to 30 September 2024), Japan's economy saw corporate economic activity and personal consumption gradually recover, owing to the normalization of social and economic activity and improvements in employment and income conditions, among other factors.」
The disclosure does not directly identify business stagnation caused by COVID-19 as a concern, and instead describes the normalization of social and economic activity and the recovery in corporate activity and personal consumption. - FY2024-Q3SoftenedAnnual report
「During the third quarter of the current consolidated cumulative period, Japan's economy entered a gradual recovery trend as social and economic activity normalized following the reclassification of COVID-19 as a Class 5 infectious disease.」
Regarding COVID-19, the disclosure describes the normalization of social and economic activity and a gradual recovery following the reclassification as a Class 5 infectious disease, indicating that the expression of business stagnation risk has eased further from the previous period. However, it does not state that the risk posed by the infectious disease has disappeared completely. - FY2024-Q2SoftenedAnnual report
「During the second quarter of the current consolidated cumulative period, Japan's economy showed signs of a gradual recovery as social and economic activity normalized following the reclassification of COVID-19 as a Class 5 infectious disease, while」
Regarding COVID-19, the disclosure describes the normalization of social and economic activity and a gradual recovery following the reclassification as a Class 5 infectious disease, indicating that the expression of business stagnation risk has eased from previously. However, it does not state that the impact of the infectious disease has disappeared completely. - FY2024-Q1SoftenedAnnual report
「During the first quarter of the current consolidated cumulative period, Japan's economy has been gradually recovering, with corporate economic activity and personal consumption picking up moderately following the easing of restrictions on activities related to COVID-19, while」
Regarding COVID-19, the disclosure describes the easing of restrictions on activities and the recovery in corporate activity and personal consumption, indicating that the expression of business stagnation risk has eased somewhat from the previous period. - FY2023-Q3Prolonged infection impact alongside easing of restrictions on activityAnnual report
「While the impact of COVID-19 continues for an extended period, corporate economic activity and personal consumption are showing signs of recovery as restrictions on activity are eased, while」
The company maintains its view that the impact of the infection is prolonged, while also describing a recovery in corporate activity and personal consumption due to the easing of restrictions on activity, presenting both the continuing impact and partial easing. - FY2023-Q2SoftenedAnnual report
「During the current second-quarter cumulative consolidated period, the spread of the novel coronavirus disease appeared to have paused, and corporate economic activity and personal consumption showed signs of recovery. On the other hand, downside risks to the global economy, including soaring raw material and energy prices against the backdrop of the situation in Ukraine, rising prices and sharp fluctuations in financial and foreign exchange markets, were becoming evident, and uncertainty over the outlook continued.」
The wording concerning the risk of business stagnation due to infectious disease temporarily weakened because the company changed its explanation to state that the spread of infection appeared to be easing and that corporate activity and personal consumption were showing signs of recovery. However, uncertainty in the external environment and downside risks remain. - FY2023-Q1MaterialisedAnnual report
「In the logistics warehouse business, handling volumes at refrigerated warehouses, particularly of marine products, declined because of the impact of COVID-19. Revenue in the logistics warehouse segment was ¥108 million, down ¥16 million, or 13.2%, from the prior-year period.」
The impact of COVID-19 has actually appeared in results as lower handling volumes of marine products and other goods at refrigerated warehouses, resulting in a 13.2% decline in revenue in the logistics warehouse segment. - FY2022MaterialisedAnnual report
「In the logistics warehouse segment, handling volumes of marine products and other goods at refrigerated warehouses declined because of the application of the revenue recognition accounting standard and other factors, as well as the impact of COVID-19 and other factors. Segment revenue was ¥452 million, while segment operating profit was ¥19 million, down ¥61 million, or 76.2%, from the previous consolidated fiscal year.」
The impact of COVID-19 has actually appeared in results as lower handling volumes of marine products and other goods at refrigerated warehouses, substantially reducing revenue and operating profit in the logistics warehouse segment. - FY2022-Q3MaterialisedAnnual report
「In the logistics warehouse business, handling volumes of marine products and other goods at refrigerated warehouses declined because of the application of the revenue recognition accounting standard and other factors, as well as the impact of COVID-19. Revenue in the logistics warehouse segment was ¥343 million, and segment operating profit was ¥19 million, down ¥54 million, or 73.8%, from the prior-year period.」
The impact of COVID-19 has actually appeared in results as lower handling volumes of marine products and other goods at refrigerated warehouses. Revenue in the logistics warehouse segment declined by ¥441 million year on year, and operating profit fell 73.8%. - FY2022-Q2MaterialisedAnnual report
「In the bulk cargo business, movement of some cargoes was sluggish because of the impact of COVID-19, but handling volumes of electrode coke and coal for fuel increased, resulting in revenue of ¥1,271 million in the bulk cargo segment (¥1,259 million in the prior-year period). In the logistics warehouse business, handling volumes of marine products and other goods at refrigerated warehouses declined because of the application of the revenue recognition accounting standard and other factors, as well as the impact of COVID-19, resulting in revenue of ¥230 million in the logistics warehouse segment (¥513 million in the prior-year period).」
The impact of COVID-19 has actually appeared in business results as sluggish movement of some bulk cargoes and lower handling volumes of marine products and other goods at refrigerated warehouses. - FY2022-Q1WorsenedAnnual report
「During the three-month period ended the first quarter of the current consolidated fiscal year, Japan’s economy remained challenging as the prolonged impact of COVID-19, the application of priority preventive measures and the issuance of a third state of emergency restricted economic activity.」
The company describes the prolonged impact of COVID-19, the application of priority preventive measures and restrictions on economic activity under the third state of emergency. - FY2021WorsenedAnnual report
「Regarding the impact of COVID-19 on the Group, stagnation is expected to continue through fiscal 2021 for some industrial raw-material cargoes in the bulk cargo segment. Some cargoes in the liquid cargo segment may continue to be affected, but the impact on operating results is expected to be minor. The logistics warehouse segment, particularly refrigerated warehouses, is expected to continue to be affected.」
The company has moved from its third-quarter explanation that there had been no major impact but that recovery for some cargoes was slow to explicitly stating, by segment, that stagnation of industrial raw-material cargoes and the impact on refrigerated warehouses are expected to continue. - FY2021-Q3SoftenedAnnual report
「Through the nine-month period ended the third quarter of the current consolidated fiscal year, COVID-19 had not had a major impact, but recovery in the movement of some cargoes has been delayed.」
In contrast to the signs of expanding impact reported in the second quarter, the company states that there had been no major impact through the nine-month period ended the third quarter, while delays in the recovery of movement for some cargoes remained. - FY2021-Q2WorsenedAnnual report
「Through the six-month period ended the second quarter of the current consolidated fiscal year, COVID-19 had not had a major impact, but signs have emerged that handling volumes of some raw-material cargoes handled by the company may need to be adjusted because cargo movements have stagnated amid deteriorating market conditions and manufacturers at delivery destinations have cut production. In addition, declining demand for refrigerated and frozen cargo for the food-service industry has begun to affect the company’s handling volumes.」
The impact of COVID-19 has expanded from signs of stagnant movement of raw-material cargo and volume adjustments due to production cuts by delivery-destination manufacturers to include declining demand for refrigerated and frozen cargo for the food-service industry. - FY2021-Q1MaterialisedAnnual report
「During the three-month period ended the first quarter of the current consolidated fiscal year, Japan’s economy remained challenging as economic activity was restricted by the impact of COVID-19, in addition to the economic slowdown caused by trade friction between the United States and China.」
The company states that restrictions on economic activity due to COVID-19 actually emerged as part of the business environment. It does not state that operations were affected by infection among employees or dedicated subcontractor workers. - FY2020First statedAnnual report
「As part of its infection-control measures, the Group has established a framework for continuing business activities through hygiene management, including disinfection, as well as telecommuting and staggered working hours. However, if an employee or a worker of a dedicated subcontractor becomes infected, the Group’s business activities could be affected, adversely impacting its operating results and financial position.」
The company identified COVID-19 as a standalone risk for the first time. The movement of some bulk cargo has actually been affected, and the company is seeking to maintain business continuity through hygiene management, telecommuting and staggered working hours.