Business Impact of the COVID-19 Pandemic
First written in FY2020-Q3. 8 of 13 entries say "Restated". Latest entry: FY2024.
NJ 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 2025: 5 of 16 companies on the "Worse" side.
10 other companies' latest entry also says "Dropped".
- FY2024DroppedAnnual reportThe business and other risks and significant accounting estimates for the current period do not identify the business impact of COVID-19 as a separate ongoing risk. The pandemic is mentioned mainly in the description of past market conditions.
- FY2023-Q2RestatedAnnual report
「In preparing the consolidated financial statements for the current quarter, the Company considered accounting estimates on the assumption that the impact of COVID-19 would continue for the foreseeable future. However, it determined that, as of the current date, the impact would not be material to the Group. Nevertheless, changes in conditions going forward could have a material impact from the cumulative period of the current quarter onward.」
The Company continues to assume that the impact of the infection will continue for the foreseeable future, while maintaining its determination that there is currently no material impact on the Group. - FY2023-Q1RestatedAnnual report
「In preparing the consolidated financial statements for the current quarter, the Company considered accounting estimates on the assumption that the impact of COVID-19 would continue for the foreseeable future. However, it determined that, as of the current date, the impact would not be material to the Group.」
The Company continues to assume that the impact of the infection will continue for the foreseeable future, while maintaining its determination that there is currently no material impact on the Group. However, the possibility of an impact resulting from future changes in conditions remains. - FY2022RestatedAnnual report
「In preparing the consolidated financial statements for the current consolidated fiscal year, the Company considered accounting estimates on the assumption that the impact of COVID-19 would continue for the foreseeable future. However, it determined that, as of the current date, the impact would not be material to the Group.」
The Company assumed that the impact of the infection would continue for the foreseeable future, but determined that it was not material to the consolidated financial statements as of the current date. - FY2022-Q3RestatedAnnual report
「During the third-quarter consolidated cumulative period, Japan's economy remained firm despite signs of weakness, amid repeated waves of COVID-19 infections and downside risks from overseas developments, raw material prices and other factors.」
The Company continued to describe the economic environment amid repeated waves of COVID-19 infections. - FY2022-Q2RestatedAnnual report
「During the second-quarter consolidated cumulative period, Japan's economy remained short of normalisation in economic and social activity as waves of infections caused by variants repeatedly emerged. Nevertheless, the domestic economy remained firm and continued to show signs of recovery, although it was weakening.」
The Company continued to describe waves of infections caused by variants and the failure to normalise economic and social activity. In the mobile business, store visits continued to fall below the previous year's level, while the Company worked to maintain customer contact through event-based stores and other initiatives. - FY2022-Q1RestatedAnnual report
「During the first-quarter consolidated cumulative period, the Japanese economy remained in a severe condition due to the renewed spread of COVID-19, but remained firm and continued to show signs of a gradual recovery, supported by the effects of various policies and improvements in overseas economies.」
The Company continued to describe the renewed spread of COVID-19 and the challenging economic environment. It also cited factors supporting recovery in game demand and mobile sales. - FY2021RestatedAnnual report
「In the mobile business, store visits continued to remain below the previous year's level after the implementation of legal revisions two years earlier, including separate plans and discount regulations, partly due to the COVID-19 pandemic. However, sales volumes recovered to the expected level as the Company strengthened efforts to attract store visits, including providing information on the termination of 3G services and proposing optimal plans.」
While store visits continued to remain below the previous year's level amid the prolonged COVID-19 pandemic, sales volumes recovered to the expected level through information on the termination of 3G services and proposals for optimal plans. - FY2021-Q3Store visits remained weak while sales volumes recoveredAnnual report
「In the mobile business, store visits continued to remain below the previous year's level after the implementation of legal revisions two years earlier, including separate plans and discount regulations, partly due to the prolonged COVID-19 pandemic. However, demand for handset purchases remained firm, and sales volumes recovered to the expected level.」
While store visits continued to remain below the previous year's level due to the prolonged COVID-19 pandemic, demand for handset purchases remained firm and sales volumes recovered to the expected level. - FY2021-Q2WorsenedAnnual report
「In the mobile business, sales volumes remained sluggish after the implementation of legal revisions two years earlier, including separate plans and discount regulations. The number of store visits also remained below the previous year's level due in part to the prolonged COVID-19 pandemic.」
In addition to sluggish sales following the institutional changes, store visits continued to remain below the previous year's level due to the prolonged COVID-19 pandemic, with the impact on the mobile business continuing and expanding. - FY2021-Q1RestatedAnnual report
「In this business environment, in the game business we worked to adapt to new ways of working amid the prolonged COVID-19 pandemic, while also improving the work environment and addressing risks associated with reduced communication in order to maintain our development and operating structures.」
Assuming that the COVID-19 pandemic would be prolonged, the Company has continued to address working practices, the work environment and communication in the game business. - FY2020MaterialisedAnnual report
「The spring sales season was less active than usual due to the impact of COVID-19. In addition, sales volumes remained sluggish because business hours were shortened and stores were temporarily closed to prevent the spread of infection.」
The spread of COVID-19 actually affected the spring sales season, business hours, temporary store closures and sales volumes in the mobile business. Meanwhile, the Company described increased online demand in gaming. - FY2020-Q3MaterialisedAnnual report
「Restrictions on going out to prevent the spread of COVID-19 meant that the spring sales season was less active than usual. In addition, the impact on handset manufacturers' supply chains resulted in sluggish shipments.」
The Company stated that the spread of COVID-19 actually affected the spring sales season for mobile devices and supply chains. It also explained that use of online content and downloads of game apps increased in the gaming field.