Risks to Business Activities and Securing Earnings Due to the Spread of COVID-19
First written in FY2020-Q3. 8 of 13 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2026-H1.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2026-H1RestatedAnnual report
「During the first half of the current consolidated fiscal period, there were no material changes in the occurrence of matters among those relating to the business and accounting conditions described in this interim report that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
It expressly states that there have been no material changes in existing risks, including the risk to business activity and earnings from the spread of COVID-19. - FY2024-Q3MitigatedAnnual report
「During the third quarter of the current consolidated cumulative period (1 June 2023 to 29 February 2024), the Japanese economy remained on a gradual recovery trend, as economic activity normalized following the easing of restrictions related to COVID-19.」
It states that economic activity normalized as restrictions related to the infection were eased, indicating that the constraints on business activity caused by the infection are being eased. - FY2024-Q1MitigatedAnnual report
「With COVID-19 reclassified as a Class 5 infectious disease, domestic social and economic activity showed signs of returning to normal, including a recovery in personal consumption.」
It states that personal consumption and social and economic activity showed signs of returning to normal following the reclassification of COVID-19 as a Class 5 infectious disease. However, this filing does not emphasize any new impacts from infectious diseases other than variants and related factors. - FY2023-Q3The impact of the infection is subsiding, but the impact of variants continuesAnnual report
「Although the impact of the spread of COVID-19 is gradually subsiding」
While the overall impact of the infection was indicated to be gradually subsiding, the distribution business was described as remaining in a situation where the spread of the Omicron variant had not subsided, and the impact on the business continues. - FY2023-Q2MaterialisedAnnual report
「With the spread of the Omicron variant of COVID-19 yet to subside, consumer sentiment has continued to weaken amid rising prices driven by Russia's invasion of Ukraine and the yen's depreciation due to the Japan-U.S. interest-rate differential, among other factors, and revenue and operating profit fell below the year-earlier period.」
The continued spread of the infection and rising prices have actually affected results in the distribution business through weaker consumer sentiment, resulting in lower revenue and profit. - FY2023-Q1MaterialisedAnnual report
「During the cumulative first-quarter period from 1 June 2022 to 31 August 2022, Japan's economy showed signs of normalization in social and economic activity as restrictions on activities related to COVID-19 were eased. However, the outlook remains uncertain due to the renewed increase in infections caused by the Omicron variant and rising energy and raw material prices associated with Russia's invasion of Ukraine.」
Although restrictions on activity were eased, the resurgence of infections caused by the Omicron variant actually emerged as part of the operating environment, leading to weaker consumer sentiment and lower revenue and profit in the distribution business. - FY2022-Q3MaterialisedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, from 1 June 2021 to 28 February 2022, the spread of COVID-19 in Japan had temporarily declined with the wider availability of vaccines and other factors. However, the situation remained uncertain, as the renewed spread of infections from January led to the implementation of priority preventive measures to curb the spread of disease.」
The resurgence of infections and priority preventive measures to prevent the spread of the disease have actually affected the distribution business through fewer store visitors and deteriorating results. - FY2022-Q2MaterialisedAnnual report
「The Group remained in a challenging operating environment, affected by the decline following the sharp increase in demand for COVID-19 infection-prevention products in the home-improvement-store division of the distribution business and by delays in the timing of new-vehicle sales in the automotive-related business due to the global semiconductor shortage.」
The decline following the surge in demand for infection-prevention products and delays in the timing of new-vehicle sales caused by the semiconductor shortage continue to materialize, affecting results in the distribution and automotive-related businesses. - FY2022-Q1MaterialisedAnnual report
「During the first quarter of the current consolidated cumulative period (1 June 2021 to 31 August 2021), the Japanese economy remained in an uncertain environment, as restrictions on economic and social activity were prolonged by the reissuance of the state of emergency and the application of priority preventive measures to prevent the spread of the disease due to the impact of COVID-19.」
The continued spread of the infection and restrictions on economic activity have actually appeared in results through a decline following the surge in demand for infection-prevention products and their impact on demand and customer visits across the businesses. - FY2021-Q3MaterialisedAnnual report
「The economic outlook remained extremely challenging, with corporate earnings deteriorating and personal consumption declining due to the global spread of COVID-19.」
The spread of the infection has actually affected results through fewer visitors and lower new-vehicle sales in the automotive-related business, delays in construction progress and lower revenue in the sports-club business. - FY2021-Q2MaterialisedAnnual report
「The economic outlook remained extremely challenging, with corporate earnings deteriorating and personal consumption declining due to the global spread of COVID-19.」
The spread of the infection has actually affected results through fewer visitors and lower new-vehicle sales in the automotive-related business, delays in construction progress and lower revenue in the sports-club business. - FY2021-Q1MaterialisedAnnual report
「Revenue fell below the same period of the previous year as the number of visitors declined due to the impact of requests to stay at home amid the spread of COVID-19, while consumers also refrained from purchasing large-ticket items because of concerns about the outlook for consumption.」
Restrictions on going out due to COVID-19, fewer visitors and consumer spending restraint actually materialized as lower revenue and larger losses in the automotive-related business. It also notes fewer department-store visitors and a delayed recovery in sports-club membership. - FY2020-Q3First statedAnnual report
「Depending on how the spread of COVID-19 develops, it may affect our Group's business activities and ability to generate earnings through factors including the following: ・Consumers refraining from purchases due to requests to stay at home ・Automobile manufacturers suspending production ・Sports clubs suspending operations ・Suspension of imports of lumber due to impacts on the supply chain」
This was newly disclosed as a business risk during the nine-month period of the current consolidated fiscal year. The company lists the possibility of impacts on business activities and earnings generation through requests to stay at home, production suspensions by automobile manufacturers, sports club closures, and suspension of imports of lumber.