Risk of COVID-19-related business and economic impacts
First written in FY2020. 5 of 11 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2024.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024DroppedAnnual report
「Outbreak of an infectious disease with high pathogenicity or transmissibility」
References to COVID-19 by name have been removed, and the disclosure has been reorganized around general infectious disease risks and BCP. - FY2023SoftenedAnnual report
「The Company will continue to respond to customers and take other measures in light of the current social situation surrounding COVID-19.」
The disclosure on infectious disease risk has been scaled back from the previous assumptions regarding the continuing accounting impact and explanation of the impact on results to a concise policy of continuing to respond to customers. - FY2023-Q3RestatedAnnual report
「Taking into account the impact of each business on results during the first 3 quarters of the current consolidated fiscal year, the Group made accounting estimates based on the assumption that the impact of COVID-19 would continue to a certain extent during fiscal 2022.」
The accounting assumption that the impact of COVID-19 would continue to a certain extent during fiscal 2022 was maintained. - FY2023-Q1SoftenedAnnual report
「Taking into account the impact of each business on results during the first quarter of the current consolidated fiscal year, the Group made accounting estimates based on the assumption that the impact of COVID-19 would continue to a certain extent during fiscal 2022.」
The recognition that the impact of COVID-19 would continue was maintained, but the accounting assumption was changed from "from fiscal 2022 onward" in the previous disclosure to "during fiscal 2022" in the current disclosure. - FY2022WorsenedAnnual report
「Taking into account the impact of each business on results for the current fiscal year, the Group made accounting estimates based on the assumption that the impact of COVID-19 would continue to a certain extent from fiscal 2022 onward.」
The Group assumed that the impact of COVID-19 would continue to a certain extent from fiscal 2022 onward, extending the assumed duration of the impact. - FY2022-Q1MaterialisedAnnual report
「Regarding sales volumes in the city gas business, the main business in the gas segment, household sales decreased 11.9% year on year to 722 million m3, mainly because hot-water demand declined due to higher temperatures than in the same period of the previous year, in addition to the partial unwinding of demand resulting from stay-at-home requests to prevent the spread of COVID-19, the so-called “nesting” effect.」
The partial unwinding of restrictions on going out and stay-at-home demand caused by COVID-19 was reflected as a factor in the decline in residential sales volume. Commercial demand, meanwhile, showed signs of recovery from the decline in demand. - FY2021MaterialisedAnnual report
「Commercial demand decreased 9.4% year on year to 2,261 million m³, due to shorter operating hours and voluntary business closures in the restaurant, hotel and other sectors resulting from the spread of COVID-19, compared with the previous consolidated fiscal year.」
The decline in commercial demand due to COVID-19 was reflected in full-year commercial city gas sales volume, which decreased 9.4%. - FY2021-Q3MaterialisedAnnual report
「City gas sales volume decreased 10.2% year on year to 8,912 million m³, due to lower demand from hotels, restaurants and other commercial users as a result of COVID-19, and lower industrial demand due to reduced demand for power generation and other factors.」
The decline in commercial demand due to COVID-19 and industrial demand due to lower demand for power generation and other factors was reflected in actual results as a 10.2% year-on-year decrease in city gas sales volume. - FY2021-Q2MaterialisedAnnual report
「City gas sales volume decreased 17.0% year on year to 5,569 million m³, due to lower demand from hotels, restaurants and other commercial users as a result of COVID-19, and lower industrial demand due to reduced demand for power generation and other factors.」
The decline in commercial and industrial demand due to COVID-19 was reflected in actual results as a 17.0% year-on-year decrease in city gas sales volume. - FY2021-Q1MaterialisedAnnual report
「Although residential demand for city gas increased as people refrained from going out to prevent the spread of COVID-19, demand from hotels, restaurants and other commercial users declined due to the impact of COVID-19, while industrial demand declined due to lower demand for power generation and other factors. Consequently, city gas sales volume decreased 21.2% year on year to 2,656 million m³.」
The decline in commercial and industrial demand due to COVID-19 was reflected in actual results as a 21.2% year-on-year decrease in city gas sales volume and a 37.7% year-on-year decrease in operating income. For accounting purposes, estimates were made on the assumption that results would gradually recover toward the end of fiscal 2020. - FY2020First statedAnnual report
「The spread of COVID-19 has had a devastating impact on society and the economy worldwide, not only in Japan. The Company recognizes that it differs qualitatively from the emergencies previously experienced by the Group because the scale and scope of the damage and the time required for the situation to subside are impossible to predict.」
COVID-19 is disclosed separately for the first time as a company-wide business and economic risk qualitatively different from previous emergencies.