Impact of COVID-19 on Business Activities and Financial Performance
First written in FY2020. 7 of 14 entries say "Restated". Latest entry: FY2024-Q3.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024-Q3Recovery from the COVID-19 pandemic becomes more evident in Okinawa’s economyAnnual report
「The recovery of the economy of Okinawa Prefecture, our operating area, from COVID-19 has become more pronounced, and the prefectural economy is on an expansionary trend as a result of tourism-led growth.」
Regarding the impact of COVID-19 on the regional economy, the view was presented that recovery had become evident in Okinawa Prefecture and that the economy was on an expansionary trend led by tourism. - FY2024-Q1Change in COVID-19 classification and normalization of socioeconomic activityAnnual report
「Japan’s economy is gradually recovering as the legal classification of COVID-19 under the Infectious Diseases Control Law has shifted from Category 2-equivalent to Category 5 and socioeconomic activity has moved toward normalization.」
Presented the view that COVID-19’s legal classification had shifted to Category 5 and that socioeconomic activity was moving toward normalization. - FY2023RestatedAnnual report
「Although COVID-19 had some impact on the Group’s financial position and results of operations, the impact was not material.」
Continues to state that the infection had some impact but was not material, and that future spread of the infection may have an impact. - FY2023-Q3RestatedAnnual report
「We have determined that the impact of the spread of COVID-19 on our business is not material at present, although it has had some impact. However, depending on the future situation regarding COVID-19, it may affect the Group’s business activities and operating results.」
Continues to state that there is no material impact at present and that future infection trends may affect business activities and results. - FY2023-Q1RestatedAnnual report
「We have determined that the impact of the spread of COVID-19 on our business is not material at present, although it has had some impact. However, depending on the future situation regarding COVID-19, it may affect the Group’s business activities and operating results.」
Continues to state that there is no material impact at present and that future infection trends may affect business activities and results. - FY2022Extended the impact assumption through the following fiscal yearAnnual report
「The business environment surrounding the Company remains unpredictable. In light of the current situation and based on information available at present, we are making accounting estimates on the assumption that the effects will continue for at least the whole of the following consolidated fiscal year.」
While maintaining the determination that the infection had some impact but was not material, the assumption that the impact would continue was extended through the full following consolidated fiscal year. - FY2022-Q3RestatedAnnual report
「We have determined that the impact of the spread of COVID-19 on our business is not material at present, although it has had some impact. However, depending on the future situation regarding COVID-19, it may affect the Group’s business activities and operating results.」
Continues to state that there is no material impact at present and that future infection trends may affect business activities and results. - FY2022-Q2RestatedAnnual report
「We have determined that the impact of the spread of COVID-19 on our business is not material at present, although it has had some impact. However, depending on the future situation regarding COVID-19, it may affect the Group’s business activities and operating results.」
Continues to state that there is no material impact at present and that future infection trends may affect business activities and results. - FY2022-Q1RestatedAnnual report
「We have determined that the impact of the spread of COVID-19 on our business is not material at present, although it has had some impact. However, depending on the future situation regarding COVID-19, it may affect the Group’s business activities and operating results.」
Continues to state that there is no material impact at present and that future infection trends may affect business activities and results. - FY2021Changed the impact assumption to cover the full fiscal year 2021Annual report
「We changed the assumption to assume that the effects would continue for at least the whole of fiscal 2021 and made accounting estimates accordingly. The impact of this change on the consolidated financial statements for the current consolidated fiscal year is immaterial.」
Although COVID-19 had some impact, it was not material, and the assumption that the impact would continue was extended from the full fiscal year 2020 to the full fiscal year 2021. - FY2021-Q3RestatedAnnual report
「Although COVID-19 had some impact on the Group’s financial position and results of operations, the impact was not material. At the end of the previous consolidated fiscal year, we had assumed that the effects would continue through the first half of fiscal 2020. In light of the current situation and based on information available at present, we have changed this assumption to assume that the effects will continue for at least the whole of fiscal 2020. Based on this assumption, we expect the impact on the consolidated financial statements for the current consolidated fiscal year to be immaterial.」
Continues to state that the infection had some impact but was not material, and that the impact is assumed to continue for at least the full fiscal year 2020. - FY2021-Q2Changed the impact assumption to cover the full fiscal yearAnnual report
「Although COVID-19 had some impact on the Group’s financial position and results of operations, the impact was not material. At the end of the previous consolidated fiscal year, we had assumed that the effects would continue through the first half of fiscal 2020. In light of the current situation and based on information available at present, we have changed this assumption to assume that the effects will continue for at least the whole of fiscal 2020. Based on this assumption, we expect the impact on the consolidated financial statements for the current consolidated fiscal year to be immaterial.」
Although the infection had some impact, it was not material, and the assumption that the impact would continue was changed from the first half of fiscal 2020 to at least the full fiscal year 2020. The impact on the full-year financial statements is expected to be immaterial. - FY2021-Q1MitigatedAnnual report
「We have determined that the impact of the spread of COVID-19 on our business is not material at present, although it has had some impact. However, depending on the future situation regarding COVID-19, it may affect the Group’s business activities and operating results.」
The previous concern about the impact on business activities and results changed to a determination that there was no material impact as of the current quarter. At the same time, the potential impact of future infection trends continues to be disclosed. - FY2020First statedAnnual report
「In addition, the global spread of COVID-19, including the declaration of a state of emergency in Japan, has increased uncertainty about the outlook for the global economy. Concerns include the impact on new customer acquisition due to shorter au shop operating hours, mobile data communications due to increased Wi-Fi use at home, and the life design and enterprise solutions businesses, which may affect future business activities and operating results.」
For the first time, specifically disclosed the global spread of COVID-19 as a separate business risk. While the impact on Okinawa Prefecture’s economy was described as having already occurred, the impact on the Company’s business activities and results was presented as a concern.