Declining demand and deterioration in the business environment caused by COVID-19
First written in FY2021-Q1. 9 of 13 entries say "Materialised", first in FY2021-Q2. Latest entry: FY2024.
- FY2024MitigatedAnnual report
「Corporate earnings remained on a recovery trend, as personal consumption, which had stagnated because of the COVID-19 pandemic, began to recover and inbound demand, supported by the weaker yen, also expanded.」
The impact of the economic stagnation and decline in demand caused by the COVID-19 pandemic has been mitigated by the recovery in personal consumption and inbound demand. - FY2024-Q2MitigatedAnnual report
「With the lifting of the restrictions on activities introduced as part of the measures against COVID-19, after approximately 3 years, personal consumption and inbound demand recovered, and business sentiment entered a gradual uptrend.」
With the lifting of the restrictions on activities introduced as part of the measures against COVID-19, personal consumption and inbound demand recovered, mitigating the impact of infection-related declines in demand and deterioration in the business environment during the period. - FY2023RestatedAnnual report
「If COVID-19 or another infectious disease spreads, the transportation business may give priority to business continuity because of its public-service mission. However, successive postponements or cancellations of transportation could reduce revenue and have a significant impact on the financial condition, operating results, and other aspects of the group's business.」
The risks of transportation postponements and cancellations and lower revenue due to the spread of infectious diseases continue to be identified as key risks. - FY2023-Q2MaterialisedAnnual report
「Meanwhile, conditions remained uncertain because of higher raw material costs associated with the Ukraine crisis, which had continued since the end of the previous fiscal year, logistics disruptions caused by intermittent lockdowns in China, instability in consumer sentiment resulting from the spread of the Omicron variant, and the rapid depreciation of the yen caused by the impact of US interest rate hikes.」
China's lockdowns and the resulting logistics disruptions related to COVID-19, as well as the spread of the Omicron variant, have continued to destabilize the business environment. quantified is false and materialized is true. - FY2023-Q1MaterialisedAnnual report
「In the warehousing business, handling of general cargo in the Kobe area declined, partly because of the impact of logistics disruptions caused by the COVID-19 pandemic, but」
Logistics disruptions related to COVID-19 continue to be reflected in results as a decline in general cargo handling in the Kobe area. - FY2022MaterialisedAnnual report
「General cargo handling at ordinary-goods warehouses was difficult because of logistics disruptions caused by the COVID-19 pandemic, but」
Logistics disruptions related to COVID-19 continue to be reflected in results as sluggish handling of general cargo. - FY2022-Q3MaterialisedAnnual report
「In the warehousing business, general-purpose warehouses continued to face challenging conditions, partly because of logistics disruptions caused by the COVID-19 pandemic, but」
Logistics disruptions related to COVID-19 continue to be reflected in results as a challenging business environment for general-purpose warehouses. quantified is false and materialized is true. - FY2022-Q2MaterialisedAnnual report
「At the global level, the impact of supply chain disruptions continued, and conditions remained such that a full-fledged recovery had not been achieved.」
The global supply chain disruption caused by COVID-19 has continued, and was reflected in results through the postponement or cancellation of transportation projects and lower handling volumes. - FY2022-Q1MaterialisedAnnual report
「During the first quarter of the fiscal year, the Japanese economy remained in difficult conditions as economic activity continued to be restricted as a measure to prevent the spread of COVID-19, including the declaration of a state of emergency.」
The state of emergency declaration and restrictions on economic activity related to COVID-19 have continued, and are reflected in results as a challenging business environment. quantified is false and materialized is true. - FY2021MaterialisedAnnual report
「If COVID-19 or another infectious disease spreads, the transportation business may give priority to business continuity because of its public-service mission. However, successive postponements or cancellations of transportation could reduce revenue and have a significant impact on the financial condition, operating results, and other aspects of the group's business.」
The spread of COVID-19 has had a tangible impact on transportation demand, transportation planning and revenue, and has been explicitly identified as a key business environment risk for the period. - FY2021-Q3MaterialisedAnnual report
「Although handling volumes for both exports and imports remained sluggish because economic activity was restricted worldwide as COVID-19 spread,」
The global restrictions on economic activity caused by COVID-19 continue to be reflected in results as subdued handling volumes for import and export cargo. - FY2021-Q2MaterialisedAnnual report
「The economic stagnation caused by the COVID-19 pandemic disrupted supply chains worldwide, making it necessary to substantially revise transportation plans overall.」
The economic slowdown and supply-chain disruptions caused by the spread of COVID-19 materialized in actual results as changes to coastal and ocean-shipping plans, lower cargo volumes and reduced profitability. quantified is false and materialized is true. - FY2021-Q1First statedAnnual report
「During the first quarter of the current consolidated cumulative period, Japan's economy remained in an extremely difficult situation as social and economic activity was restricted to prevent the spread of COVID-19, causing consumption to contract substantially. After the state of emergency was lifted, economic activity resumed and an economic recovery led by the government was expected, but concerns remained over a second wave of COVID-19, leaving the outlook uncertain.」
Although the risks section states that there are no new risks and no significant changes, the analysis of operating results describes the actual impact of restrictions on social and economic activity caused by infectious diseases, reduced consumption, lower demand for ocean-shipping cargo and declines in export handling volumes.