Uncertainty in the Economic and Earnings Outlook Due to the Spread of COVID-19
First written in FY2020. 5 of 7 entries say "Restated". Latest entry: FY2023.
SoftBank Corp. moved to the "Worse" side of this theme in 2023, 3 years after the typical company in this theme (2020).
The whole theme swung hardest in 2019: 15 of 39 companies on the "Worse" side.
0 other companies' latest entry also says "Softened".
- FY2023SoftenedAnnual report
「In the fiscal year ended March 2023, the spread of COVID-19 finally passed its peak, but inflation became a reality as higher crude oil and various commodity prices stemming from tensions between countries coincided with unstable supply chains and a weaker yen, placing downward pressure on the economy.」
The view is that the spread of COVID-19 has passed its peak, shifting the main uncertainties surrounding the economic and earnings outlook to inflation, yen depreciation and supply chains. - FY2023-Q1RestatedAnnual report
「Although economic and social activity was normalising and the economy was showing signs of recovery, the end of the spread of COVID-19 was still not foreseeable, while there was no material impact on our group’s results for the current period. If the end of the spread is delayed, it will affect our group’s future earnings and cash flow, creating a degree of uncertainty in their estimates.」
While recognising the normalisation of economic and social activity and the recovery in economic conditions, the company continued to explain that the timing of the end of the COVID-19 outbreak could not be foreseen and that uncertainty remained regarding future earnings and cash flow. - FY2022-Q3RestatedAnnual report
「Although the spread of COVID-19 has led to a deterioration in business sentiment among Japanese companies, it has not had a material impact on our group’s results for the current period. It is not possible to reasonably estimate the period and extent of the impact of the spread of COVID-19, but if the spread is prolonged, it will affect our group’s future earnings and cash flow, creating a degree of uncertainty in their estimates.」
While stating that there was no material impact on results, the company repeated its explanation that uncertainty remained regarding when the outbreak would end and regarding future earnings and cash flow. - FY2022-Q1RestatedAnnual report
「Although the spread of COVID-19 has led to a deterioration in business sentiment among Japanese companies, it has not had a material impact on our group’s results for the current period. It is not possible to reasonably estimate the period and extent of the impact of the spread of COVID-19, but if the spread is prolonged, it will affect our group’s future earnings and cash flow, creating a degree of uncertainty in their estimates.」
While stating that there was no material impact on current-period results, the company repeated its explanation that uncertainty remained regarding when the outbreak would end and regarding future earnings and cash flow. - FY2021-Q3RestatedAnnual report
「Although the spread of COVID-19 has led to a deterioration in business sentiment among Japanese companies, it has not had a material impact on our group’s results for the current period.」
While stating that there was no material impact on current-period results, the company reaffirmed that it was not possible to reasonably estimate when the outbreak would end or its impact on future earnings and cash flow. - FY2021-Q1RestatedAnnual report
「Although the spread of COVID-19 has led to a deterioration in business sentiment among Japanese companies, it has not had a material impact on our group’s results for the current period. It is not possible to reasonably estimate the period and extent of the impact of the spread of COVID-19, but if the spread is prolonged, it will affect our group’s future earnings and cash flow, creating a degree of uncertainty in their estimates.」
While stating that there was no material impact on current-period results, the company reaffirmed that the timing of the end of the outbreak and the period of its impact could not be reasonably estimated, leaving uncertainty surrounding future earnings and cash flow. - FY2020First statedAnnual report
「The spread of COVID-19 has caused a sharp contraction in economic activity and a resulting deterioration in the economic environment. At present, it is not possible to reasonably estimate the period and extent of the impact of the spread of COVID-19, but if the spread is prolonged, it will affect our group’s future earnings and cash flow, creating a degree of uncertainty in their estimates.」
The company described the contraction in economic activity and deterioration in the economic environment caused by the spread of COVID-19 as events that had actually occurred, and identified the impact on future earnings, cash flow and accounting estimates as a new risk.