Uncertainty Regarding the Timing of the Spread and Containment of COVID-19
First written in FY2022-Q3. 3 of 7 entries say "Softened", first in FY2023-Q2. Latest entry: FY2024.
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
- FY2024DroppedAnnual report
「Meanwhile, economic prospects in Japan and overseas remain uncertain because of rising prices, global financial-market volatility and geopolitical risks.」
There is no specific risk disclosure concerning the spread or containment of COVID-19; it is mentioned only as part of general risks such as natural disasters. - FY2023SoftenedAnnual report
「During the consolidated fiscal year, Japan’s and overseas economies recovered moderately as socioeconomic activity normalized following the removal of restrictions associated with the transition from living with COVID-19 to the post-COVID period, together with the effects of various policies.」
The disclosure continues to shift from treating COVID-19 as an individual adverse factor to describing the transition to the post-COVID period and normalization of socioeconomic activity. - FY2023-Q3SoftenedAnnual report
「As COVID-19 was reclassified as a Class 5 infectious disease under the Infectious Diseases Control Law and socioeconomic activity continued to normalize, pass-through of higher costs associated with resource prices and yen depreciation, recovery in inbound tourism demand, and improvements in employment and income supported a gradual recovery in the economy, despite rising prices and a recovery in private consumption and corporate earnings.」
The disclosure notes the reclassification of COVID-19 as a Class 5 infectious disease and further normalization of socioeconomic activity, continuing the trend toward a less severe external environment. - FY2023-Q2SoftenedAnnual report
「The easing of entry restrictions related to COVID-19 and the continuation of travel support by the national and local governments increased the flow of people, and signs of a gradual economic recovery began to emerge. In May, the government also reclassified COVID-19 to the same category as seasonal influenza, allowing social and economic activity to shift fully to a lifestyle of living with COVID-19.」
Although the business-risk section states that there were no material changes, the economic overview describes eased entry restrictions, the reclassification of COVID-19 and the transition to living with COVID-19, indicating a more benign external environment. - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter, there were no material changes to the assumptions concerning the impact of COVID-19 described under “Significant Accounting Estimates” in the annual securities report filed on 29 March 2023.」
The company reconfirms that there have been no material changes to its accounting assumptions concerning the impact of COVID-19. - FY2022RestatedAnnual report
「We have implemented measures to prevent the spread of COVID-19 among our officers and employees, including introducing telework and maintaining distance between personnel in the workplace. The impact on the company is currently limited, but if the spread of COVID-19 becomes more serious or prolonged, it may affect our operating results and financial position.」
Although the impact of the disease is currently limited, the company continues to identify the possibility of a more serious or prolonged outbreak as a risk. - FY2022-Q3First statedAnnual report
「During the cumulative third quarter, there were no material changes to the assumptions regarding the future spread and containment of COVID-19 described under “Significant Accounting Estimates” in the securities registration statement filed on 21 September 2022.」
The company states that its accounting assumptions regarding the future spread and containment of COVID-19 remain in place.