Impact of COVID-19 on Business Performance and Business Activities
First written in FY2020-Q2. 2 of 5 entries say "Worsened", first in FY2020-Q3. Latest entry: FY2023-Q3.
The whole theme swung hardest in 2020: 88 of 125 companies on the "Worse" side.
37 other companies' latest entry also says "Mitigated".
- FY2023-Q3MitigatedAnnual report
「During the nine-month consolidated cumulative period, the Japanese economy remained on a gradual recovery trend as COVID-19 was reclassified as a Category V infectious disease and government support and the normalization of economic and social activity progressed.」
Regarding COVID-19, the assessment shifted from the previous concerns about prolonged effects and uncertainty to the transition to a Category V infectious disease and the normalization of economic and social activity. - FY2022-Q3MitigatedAnnual report
「During the nine-month period ended 31 December, the Japanese economy faced concerns including disruptions to global supply chains, a weaker yen and higher energy prices associated with Russia's invasion of Ukraine, even as the impact of COVID-19 eased.」
Regarding the impact of COVID-19, the assessment shifted from concern that the effects would be prolonged to recognition that its impact was easing. Other external-environment risks remain, however. - FY2020WorsenedAnnual report
「We expect the stagnation of economic activity worldwide resulting from the spread of the coronavirus infection to continue for the next several years. In this environment, if our accounting-firm customers and the companies they serve are significantly affected, we may also be unable to avoid an impact on our business.」
The assessment of the coronavirus impact became more specific, shifting from a lack of visibility on when the infection would subside to an outlook that the stagnation of economic activity worldwide would continue for the next several years. - FY2020-Q3WorsenedAnnual report
「With no clear prospect of the pandemic coming under control, the outlook for the Japanese economy remains uncertain, and the impact on our customers, accounting firms and the companies they serve, is expected to persist for an extended period.」
Previously, the impact on second-quarter performance had been described as immaterial, but this time the lack of a clear prospect for the pandemic coming under control was identified as a risk, with the impact on customers expected to persist for an extended period. - FY2020-Q2First statedAnnual report
「The impact of COVID-19 on performance in the second quarter was immaterial, although seminar cancellations and other factors reduced consulting revenue, selling expenses and meeting expenses, as well as employees' travel and transportation expenses.」
The impact of COVID-19, including seminar cancellations, did occur, but the amount of the impact in the second quarter was described as immaterial.