Risk of declining demand due to the prolonged and worsening spread of COVID-19
First written in FY2020. 8 of 12 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 114 of 180 companies on the "Worse" side.
58 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「During the current consolidated fiscal year, signs of recovery emerged in the global and domestic economies as restrictions related to the spread of COVID-19 were lifted. However, the outlook remained highly uncertain, with resource and materials prices rising due to heightened geopolitical risks and signs of global inflation.」
The lifting of restrictions related to the spread of COVID-19 and signs of economic recovery were indicated, and the risk of lower demand attributable to COVID-19 was described as easing. Meanwhile, geopolitical and inflation risks remain. - FY2024-Q3RestatedAnnual report
「During the third-quarter consolidated cumulative period, social activity showed signs of recovery, including increased movement of people following the lifting of restrictions on activities related to COVID-19. At the same time, the outlook remained uncertain due to soaring resource and materials prices resulting from heightened geopolitical risks.」
The company explained that increased movement of people following the lifting of activity restrictions and the recovery in social activity were evident, while uncertainty due to geopolitical risks and soaring resource prices remained after the pandemic. - FY2024-Q1MitigatedAnnual report
「During the first-quarter consolidated cumulative period, social activity showed signs of recovery in Japan, including the reclassification of COVID-19 to Category 5 under the Infectious Diseases Control Law. At the same time, the outlook remained highly uncertain due to soaring resource and materials prices resulting from heightened geopolitical risks.」
The reclassification of COVID-19 to Category 5 and the recovery in social activity were indicated, and the risk of lower demand attributable to COVID-19 was described as easing. Meanwhile, uncertainty due to geopolitical risks and soaring resource and materials prices remains. - FY2023MitigatedAnnual report
「During the current consolidated fiscal year, signs of recovery emerged in the global and domestic economies as restrictions related to the spread of COVID-19 were lifted. However, the outlook remained highly uncertain, with resource and materials prices rising due to heightened geopolitical risks and signs of global inflation.」
The lifting of restrictions related to the spread of COVID-19 and signs of economic recovery were indicated, and the effects of COVID-19 were described as easing, while uncertainty due to geopolitical risks and inflation remains. - FY2023-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company explained that there have been no new risks or material changes concerning business and other risks, including those related to COVID-19. - FY2023-Q1RestatedAnnual report
「During the first-quarter consolidated cumulative period, the outlook remained highly uncertain due to the spread of COVID-19 variants and soaring resource and materials prices resulting from heightened geopolitical risks.」
The company recognizes continued uncertainty, including the spread of COVID-19 variants. It explained that there have been no material changes to business and other risks. - FY2022-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company explained that there have been no new risks or material changes concerning business and other risks, including those related to COVID-19. - FY2022-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company explained that there have been no new risks or material changes concerning business and other risks, including those related to COVID-19. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new risks or material changes concerning business and other risks, including those related to COVID-19. - FY2021-Q3RestatedAnnual report
「No new business or other risks arose during the nine-month period ended December 31, and there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new risks or material changes concerning business and other risks, including those related to COVID-19. - FY2021-Q1RestatedAnnual report
「Although uncertainty over the outlook for the global and domestic economies has intensified, partly because of the spread of the novel coronavirus infection, we continue to recognize that demand from customer companies and others remains strong in the ICT services market in which our group operates.」
Although economic uncertainty due to the spread of COVID-19 persists, the company states that there have been no new risks or material changes to business and other risks. - FY2020First statedAnnual report
「Assuming effects similar to those experienced by the ICT services market and the Group during past economic downturns, a delay of approximately 6 months to 1 year may occur before a substantial decline in demand for ICT services becomes apparent.」
The company identified as a new risk the possibility that demand for ICT services could decline substantially, with a delay of approximately 6 months to 1 year, if the spread of COVID-19 continues or worsens. It recognizes the impact on current-period results as minor.