Business Impact of the Global Spread of COVID-19
First written in FY2020-Q3. 7 of 12 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2026DroppedAnnual reportThe descriptions of the business environment, risks and operating results for the year contain no explicit reference to the impact of the novel coronavirus infection on the business.
- FY2024-Q1MitigatedAnnual report
「Although some weakness was seen, the economy continued to recover moderately as the effects of the transition of the novel coronavirus infection to Category 5 under Japan’s Infectious Disease Control Law gradually emerged, including an increase in private consumption, amid continued inflation due to soaring resource prices and the weaker yen.」
The company reports that the effects of the transition of the novel coronavirus infection to Category 5 under Japan’s Infectious Disease Control Law gradually emerged, resulting in an increase in private consumption. The infection’s impact on fields related to private consumption is described as easing. - FY2023MitigatedAnnual report
「During the consolidated fiscal year under review, Japan’s economy saw private consumption move onto a recovery track and capital investment trend upward as the impact of the novel coronavirus infection showed some abatement.」
The company reports that the impact of the novel coronavirus infection showed some abatement, with private consumption moving onto a recovery track and capital investment trending upward. Meanwhile, uncertainty relating to the international situation and resource prices remains. - FY2023-Q3MitigatedAnnual report
「During the cumulative third quarter of the consolidated fiscal year under review, Japan’s economy saw signs of a recovery in private consumption and capital investment as the impact of the novel coronavirus infection showed some abatement. However, amid an increasingly unstable international situation, inflation due to soaring resource prices and sharp currency fluctuations continued, and the economy remained in an uncertain environment.」
The impact of the novel coronavirus infection showed some abatement, and the company reported signs of a recovery in private consumption and capital investment. Meanwhile, uncertainty relating to the international situation, resource prices and inflation caused by currency fluctuations remains. - FY2022MaterialisedAnnual report
「In fields related to private consumption, which have been heavily affected by the prolonged impact of the novel coronavirus infection, the company worked to restructure its businesses.」
The impact of the novel coronavirus infection has been prolonged and continues to appear in full-year results in the operation of businesses related to private consumption and as lower profit in the travel business. - FY2022-Q3MaterialisedAnnual report
「The business environment remained challenging in fields related to private consumption, which are heavily affected by the status of the novel coronavirus infection.」
The impact of the novel coronavirus infection continues to appear in the form of a challenging business environment in fields related to private consumption. Lower profit in the travel business and sluggish demand in the textile products manufacturing business are also noted. - FY2022-Q2MaterialisedAnnual report
「Revenue in the Other businesses was ¥410 million, down ¥20 million, or 4.8%, year on year, while the segment recorded a loss of ¥31 million, compared with a profit of ¥1 million in the same quarter of the previous year. This was mainly due to lower profit from the travel business, which was severely affected by COVID-19.」
The impact of the novel coronavirus infection continues to appear in actual business results as lower profit in the travel business, while other businesses have shifted from a profit in the previous year to a loss. - FY2022-Q1MaterialisedAnnual report
「Revenue in the Other businesses was ¥191 million, down ¥49 million, or 20.4%, year on year, while the segment recorded a loss of ¥9 million, compared with a ¥22 million decline in profit year on year. This was mainly due to lower profit from the travel business, which was severely affected by COVID-19.」
While cargo handling volumes in the port transportation business increased year on year, the impact of the novel coronavirus continues to appear in actual business results as lower profit in the travel business. - FY2021MaterialisedAnnual report
「The company group worked to maintain and expand its core port operations business and improve operating efficiency, but the volume of cargo handled declined from the same period of the previous year.」
The prolonged impact of the novel coronavirus infection has emerged in full-year results as lower cargo handling volumes, a 6.5% decline in consolidated revenue, a 37.9% decline in operating income, and lower revenue in the travel business, among other effects. - FY2021-Q3MaterialisedAnnual report
「During the cumulative third quarter of the consolidated fiscal year under review, Japan’s economy remained in an environment of worsening business sentiment among companies due to the prolonged impact of the novel coronavirus infection. In this business environment, our group worked to maintain and expand its core port transportation business and improve operating efficiency, but cargo handling volumes declined from the same period of the previous year, partly due to a decrease in imported raw materials.」
As in the previous quarter, the impact of the novel coronavirus infection has emerged in actual business results. In addition to lower cargo handling volumes, the company reported a 13.9% decline in consolidated revenue, a 65.1% decline in operating income, and a 35.4% decline in revenue from other businesses, including the travel business. - FY2021-Q1MaterialisedAnnual report
「During the cumulative first quarter of the consolidated fiscal year under review, Japan’s economy remained in a prolonged slowdown as restrictions on social activity and their impact on private-consumption sentiment continued amid the lack of visibility on the end of the global spread of the novel coronavirus. In this business environment, our group conducted sales activities to increase handling volumes in its core port transportation business, but the effects of declining domestic and overseas demand were also strongly felt in international logistics, causing handling volumes to fall below the year-earlier level.」
The previous disclosure described the impact on the business as a possibility, but during the current quarter the impact actually emerged as a decline in international logistics handling volumes, lower revenue in the port transportation business, lower revenue in the travel business, and a decline in orders in the textile products manufacturing business. Additional information states that there were no significant changes to the assumptions regarding the impact of the novel coronavirus infection on the business described in the previous fiscal year. - FY2020-Q3First statedAnnual report
「Although we are closely monitoring the current situation regarding the spread of the novel coronavirus, it may affect the business of our group depending on how the situation develops.」
The global spread of the novel coronavirus is explicitly identified for the first time as a risk that may affect the business of our group. The discussion of operating results also notes a decline in imports, weak capital investment and private consumption, and an economic downturn and increased uncertainty about the outlook associated with the spread of the infectious disease. While the impact on the external environment has already emerged, the impact on our business itself is described as a possibility.