Risk of a global economic downturn due to the spread of the novel coronavirus
First written in FY2020-Q2. 6 of 15 entries say "Mitigated", first in FY2022-Q3. Latest entry: FY2024.
U-Next Holdings moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 112 of 175 companies on the "Worse" side.
56 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「Economic and social activity has normalized, but」
Regarding the business impact of the spread of COVID-19, the company stated that economic and social activity had normalized, easing the previous impact on customer stores and facilities. - FY2023-Q3MitigatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, following the reclassification of COVID-19 under the Infectious Diseases Act to Category 5, equivalent to influenza, on 8 May 2023, the company made significant progress toward moving beyond COVID-19. Economic and social activity was also gradually returning to pre-pandemic conditions,」
Following the reclassification of COVID-19 to Category 5, economic and social activity normalized, with customer visits to business establishments increasing and facility operations returning to normal, easing the previous business impact. - FY2023-Q2MitigatedAnnual report
「As a result of these conditions, customer visits to business establishments increased, and economic activity was gradually returning to its previous state. Foreign visitors to Japan were also gradually returning as entry restrictions were eased, while the number of travelers increased partly due to the resumption of nationwide travel assistance programs. As a result, signs of recovery also emerged in the travel and lodging industries.」
The company stated that economic activity without restrictions on activities, customer visits, foreign visitors to Japan and travelers were recovering, further easing the impact of COVID-19 on customer businesses. - FY2023-Q1MitigatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, although infections with the novel coronavirus continued to alternate between expansion and contraction, economic activity without restrictions on activities had become normalized. Customer visits to business establishments increased, and signs of recovery emerged in the travel and lodging industries, partly due to the impact of nationwide travel assistance programs.」
The company stated that although infections continued to alternate between expansion and contraction, economic activity without restrictions on activities had become normalized, with customer visits to business establishments increasing and signs of recovery emerging in the travel and lodging industries. - FY2022MitigatedAnnual report
「During the current consolidated fiscal year, infections with the novel coronavirus continued to alternate between expansion and contraction. Although infections surged in the second half of the fiscal year, no restrictions on activities, such as declarations of a state of emergency, were imposed, and economic activity in the With/After COVID environment is becoming normalized.」
The company stated that although infections continued to spread, no restrictions on activities, such as declarations of a state of emergency, were imposed in the second half of the fiscal year, and economic activity in the With/After COVID environment was becoming normalized. - FY2022-Q3MitigatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, priority preventive measures to prevent the spread of COVID-19 were lifted. Foot traffic increased in downtown areas and tourist destinations across the country, and the lifting of limits on the number of customers and operating hours imposed on restaurants as infection-control measures led to a gradual return of customers.」
The company stated that the impact of COVID-19 on its business was easing as priority preventive measures to prevent the spread of disease and limits on customer numbers and operating hours were lifted, with foot traffic and customer visits gradually recovering in downtown areas, tourist destinations and restaurants. - FY2022-Q2WorsenedAnnual report
「During the current consolidated fiscal year, after the novel coronavirus had temporarily subsided, infections surged again as the Omicron variant spread rapidly from the end of the year. This led to the imposition of priority preventive measures to prevent the spread of disease, and infections remain elevated.」
Regarding COVID-19, the company stated that the impact on the business environment had expanded again as infections surged rapidly from the end of the year due to the Omicron variant and priority preventive measures to prevent the spread of disease were imposed. - FY2022-Q1Changes in the impact of easing infections and resuming economic activityAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, the declaration of a state of emergency and priority preventive measures to prevent the spread of disease were fully lifted as infections with the novel coronavirus subsided, and economic activity gradually resumed.」
The company stated that the business impact of the novel coronavirus was partly alleviated as infections subsided and restrictions on activities were lifted, with signs of recovery emerging at stores, hotels and leisure facilities. It also noted other constraints, including labor and supply shortages. - FY2021RestatedAnnual report
「During the current consolidated fiscal year, some customer stores, commercial facilities, hotels and leisure facilities continued to be significantly affected by the prolonged and entrenched voluntary restrictions on economic activity resulting from the spread of the novel coronavirus and declarations of a state of emergency and other measures.」
The company stated that the impact of the novel coronavirus on stores, commercial facilities, hotels and leisure facilities continued throughout the fiscal year. - FY2021-Q3WorsenedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, infections with the novel coronavirus had still not subsided, and a state of emergency was again declared for Tokyo, Osaka and other areas. In some regions, the implementation of priority preventive measures to prevent the spread of disease led to continued requests for restaurants and other businesses to shorten nighttime operating hours, as well as requests to refrain from serving alcoholic beverages, resulting in an even greater impact.」
The company stated that the impact of the spread of the novel coronavirus on its business had expanded further, owing to renewed declarations of a state of emergency, priority preventive measures to prevent the spread of disease, and requests to refrain from serving alcoholic beverages. - FY2021-Q2WorsenedAnnual report
「Although business sentiment had gradually begun to recover as economic activity resumed and vaccines were developed, the rapid spread of the novel coronavirus led to new declarations of a state of emergency covering Tokyo and three neighboring prefectures, the Tokai and Kansai regions, and some prefectures in Kyushu. Restaurants and other businesses were significantly affected by requests to shorten nighttime operating hours, while the tourism industry continued to face difficult operating conditions due to requests to refrain from travel across prefectural borders and other measures. A full-fledged economic recovery trend was not achieved, and the company’s business continued to be affected.」
The company stated that the business impact of the spread of the novel coronavirus continued because of renewed declarations of a state of emergency, shorter operating hours for restaurants and requests for the tourism industry to refrain from travel. - FY2021-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, the government’s “GO TO Campaign” economic policy created a perception that the economic decline had bottomed out while the spread of the novel coronavirus continued, but the economy had not entered a full-fledged recovery trend, and the company’s business was also affected.」
The company stated that the business impact of the spread of the novel coronavirus continued and that a full-fledged recovery had not been achieved even after the government measures. - FY2020MaterialisedAnnual report
「During the current consolidated fiscal year, the company was affected by the spread of the novel coronavirus and voluntary restrictions on economic activity accompanying the declaration of a state of emergency, which led some customer stores and commercial facilities to close. Even after the state of emergency was lifted, economic activity did not fully resume, and the company continued to be affected.」
The downside risk to the economy from the spread of the novel coronavirus continued throughout the fiscal year, taking the form of closures of customer stores and commercial facilities and delayed recovery in economic activity. - FY2020-Q3MaterialisedAnnual report
「During the current consolidated fiscal year, the company was affected by the spread of the novel coronavirus and voluntary restrictions on economic activity accompanying the declaration of a state of emergency, which led some customer stores, commercial facilities and other locations to close.」
The company stated that the downside risk to the economy from the spread of the novel coronavirus identified in the previous quarter materialized as an impact on its business through the closure of customer stores and commercial facilities. - FY2020-Q2First statedAnnual report
「Although the outlook remains uncertain, including the downside risks to the global economy from the spread of the novel coronavirus,」
The company has explicitly identified the downturn in the global economy caused by the spread of the novel coronavirus as a factor contributing to uncertainty in the outlook for the first time.