Impact of COVID-19 on Economic and Business Activity
First written in FY2020. 4 of 8 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024DroppedAnnual report
「Although Japan's economic outlook remains uncertain, owing to the deterioration in overseas economies associated with global monetary tightening and concerns about the outlook for China's economy, downside risks such as rising prices, the situation in the Middle East and volatility in financial and capital markets」
The impact of COVID-19 on economic and business activity, which had been described previously, is not included in the explanation of the economic environment or the list of major risks for the current fiscal year. - FY2023-Q3RestatedAnnual report
「The impact of the spread of COVID-19 on the Group's business and other activities is currently limited, but the Group's financial position and operating performance may be affected depending on when the pandemic subsides and how other circumstances develop.」
The Company reiterates its assessment that the overall impact of COVID-19 is currently limited. - FY2022RestatedAnnual report
「More recently, there have been concerns that the economic impact of the spread of COVID-19 may be prolonged」
The prolonged economic impact of COVID-19 continues to be recognized as a risk. At the same time, the accounting estimates assume that the impact is limited. - FY2022-Q1RestatedAnnual report
「The impact of the spread of COVID-19 on the Group's business and other activities is currently limited, but the Group's financial position and operating performance may be affected depending on when the pandemic subsides and how other circumstances develop.」
The Company reiterates its assessment that the overall impact of COVID-19 is currently limited. At the same time, changes in impact by business are described, including the recovery in parking utilization, which had declined in the same period of the previous year. - FY2021WorsenedAnnual report
「Although Japan's economy is expected to remain uncertain, owing to increased downside risks from the spread of COVID-19 in Japan and overseas, among other factors」
The increased downside risk to the economy from COVID-19 is explicitly identified as an assumption underlying the priority issues. Specific impacts are also described for the parking, chemicals, machine tools sales, synthetic resins and agriculture businesses. - FY2021-Q2RestatedAnnual report
「The impact of the spread of COVID-19 on the Group's business and other activities is currently limited, but the Group's financial position and operating performance may be affected depending on when the pandemic subsides and how other circumstances develop.」
The Company reiterates its assessment that the overall impact of COVID-19 is currently limited. At the same time, specific declines in sales and utilization are described for the parking, chemicals, machine tools sales and synthetic resins businesses. - FY2021-Q1SoftenedAnnual report
「The impact of the spread of COVID-19 on the Group's business and other activities is currently limited, but the Group's financial position and operating performance may be affected depending on when the pandemic subsides and how other circumstances develop.」
The impact of COVID-19 is currently considered limited overall, and the wording is less cautious overall than in the previous fiscal year. At the same time, business-specific impacts continue to be described, including lower parking utilization, lower unit prices for vehicle disposal sales and declining sales of multiple products. - FY2020MaterialisedAnnual report
「During the fiscal year, Japan's economy was in a difficult situation, with economic activity significantly depressed by the impact of COVID-19.」
The economic downturn caused by COVID-19 was identified as a new major risk, and the Company explained that reduced parking utilization and lower profits due to restrictions on going out had already occurred in the parking business.