Impact of the Spread of COVID-19 on Economic Activity and Business Performance
First written in FY2020-Q2. 6 of 16 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2025ReframedAnnual report
「As seen in the spread across Japan of COVID-19, which emerged domestically in early spring 2020, if a specific communicable disease or infection spreads throughout the country and significantly restricts socioeconomic activity, or if members of the Group or its business partners and other related parties become infected, the Group's business performance may be affected.」
The risk has been reframed from the specific effects of COVID-19 to restrictions on socioeconomic activity and the risk of infection arising from communicable diseases and infections in general. - FY2024SoftenedAnnual report
「During the current consolidated fiscal year, the Company emerged from the effects of approximately three and a half years of the spread of coronavirus infections and was able to operate under normal conditions from the beginning of the fiscal year for the first time in some time.」
The direct impact of COVID-19 on business activities is described as moving toward an end, and the risk has been reframed as the general possibility of outbreaks of communicable diseases and infections. - FY2024-Q2RestatedAnnual report
「During the cumulative second-quarter consolidated period, there were no significant changes in the matters described in the quarterly report concerning business conditions and financial information that could materially affect investors’ decisions, or in the business risks described in the securities report for the previous fiscal year.」
The Company states that there have been no material changes to its existing business and other risks, including the impact of COVID-19 on economic activity and business performance. - FY2023SoftenedAnnual report
「In the publishing industry, the Group's main business area, the Company assumes that the market's response to the disease will be efficient and effective, and that the impact will be limited.」
While assuming that the effects of the disease may continue, the Company assumes that the impact will be limited in light of the market's response, weakening its description of the risk. - FY2023-Q3RestatedAnnual report
「During the first nine months of the current consolidated fiscal year, there were no material changes to the accounting estimates associated with the spread of COVID-19 described in the additional information section of the securities report for the previous consolidated fiscal year.」
The Company states that there have been no material changes from the previous fiscal year to the accounting estimates concerning the impact of COVID-19. - FY2023-Q1RestatedAnnual report
「During the first three months of the current consolidated fiscal year, there were no material changes to the accounting estimates associated with the spread of COVID-19 described in the additional information section of the securities report for the previous consolidated fiscal year.」
The Company states that there have been no material changes from the previous fiscal year to the accounting estimates concerning the impact of COVID-19. - FY2022SoftenedAnnual report
「Although the effects of COVID-19 will continue through the next consolidated fiscal year, the Company assumes that, in the publishing industry, its Group's main business area, the market's response to the disease will be efficient and effective, and that the impact will be limited.」
While stating that the effects of the disease will continue through the next fiscal year, the Company assumes that the impact will be limited based on the market's response, indicating a less cautious formulation than the previous strong concerns over the impact. - FY2022-Q3WorsenedAnnual report
「During the first 9 months of the fiscal year under review, Japan's economy remained uncertain, with prices rising due to globally higher resource prices and the sharp depreciation of the yen, while COVID-19 infections began to spread again from the end of June. Stagnation in economic activity was a concern.」
The disclosure states that infections have begun to spread again domestically, and concerns over continued stagnation in economic activity remain. - FY2022-Q2WorsenedAnnual report
「During the first 6 months of the fiscal year under review, Japan's economy remained uncertain, as the decline in new COVID-19 cases leveled off, major Chinese cities went into lockdown, and resource prices rose and everyday goods were repeatedly repriced following Russia's invasion of Ukraine. Stagnation in economic activity was a concern.」
Concerns continue over stagnation in economic activity related to the infection, as the number of new COVID-19 cases has stopped declining and lockdowns in major Chinese cities have added to the situation. - FY2022-Q1RestatedAnnual report
「During the first quarter of the fiscal year under review, Japan's economy remained uncertain, although the increase in new cases temporarily eased following the end of priority preventive measures to contain the spread of COVID-19. The spread of variants, particularly in Europe and the United States, was recorded, and prolonged stagnation in economic activity was also a concern.」
While the upward trend in the number of cases domestically has paused, concerns continue over the spread of variants, mainly in Europe and the United States, and a prolonged stagnation in economic activity. - FY2021-Q3RestatedAnnual report
「We will continue to closely monitor the future situation regarding the impact of the spread of COVID-19 on the business.」
The policy of continuing to closely monitor the situation regarding the impact of the spread of COVID-19 on the business has been reaffirmed. - FY2021-Q2RestatedAnnual report
「We will continue to closely monitor the future situation regarding the impact of the spread of COVID-19 on the business.」
The policy of continuing to closely monitor the situation regarding the impact of the spread of COVID-19 on the business has been reaffirmed. - FY2021-Q1WorsenedAnnual report
「During the first quarter of the fiscal year under review, Japan's economy remained uncertain, as various policies, including the Go To campaign, were suspended following a renewed increase in new COVID-19 cases. In Europe and the United States, the spread of variants became increasingly serious, and prolonged stagnation in economic activity was also a concern, with lockdowns imposed in some regions.」
Concerns continue over the impact of the infection on economic activity, including a renewed increase in new cases, the cancellation of policies, the spread of variants and lockdowns. - FY2020WorsenedAnnual report
「The group has prepared its accounting estimates on the assumption that the impact of the spread of COVID-19 on social and economic activity generally will continue through the next consolidated fiscal year. Although this could affect impairment of fixed assets, the recoverability of deferred tax assets and the valuation of inventories, among other matters, the group has assumed that the impact will be limited. However, the impact of the spread of COVID-19 remains highly uncertain and could have a material impact on the group's financial position, results of operations and cash flows from the next consolidated fiscal year onward.」
It explicitly states the assumption that the impact of the infection will continue through the next consolidated fiscal year, the possibility of impacts on fixed assets, deferred tax assets and inventories, and the possibility of a material impact on the financial position, results of operations and cash flows. - FY2020-Q3MaterialisedAnnual report
「Social and economic activity deteriorated rapidly due to the emergence and spread of COVID-19 and voluntary restrictions on activities following the declaration of a state of emergency.」
It states that the spread of COVID-19 and voluntary restrictions on activities following the declaration of a state of emergency had materialized as a rapid deterioration in social and economic activity. Meanwhile, the possibility of a material impact on the company's financial position, results of operations and cash flows continues to be disclosed as a possibility. - FY2020-Q2First statedAnnual report
「The spread of COVID-19 could have a material impact on the group's financial position, results of operations and cash flows depending on how the situation develops, and we will continue to monitor it closely.」
It states for the first time that the spread of COVID-19 could have a material impact on the financial position, results of operations and cash flows depending on how the situation develops.