Impact of COVID-19 on product procurement, consumption and corporate activity
First written in FY2020. 7 of 17 entries say "Mitigated", first in FY2023-Q1. Latest entry: FY2024.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024MitigatedAnnual report
「Although Japan's economy during the fiscal year showed some weakness due to higher prices, it moved toward a gradual overall recovery as the normalization of socioeconomic activity following the reclassification of COVID-19 as a Class 5 disease and the revival of various events had a positive effect.」
The document states that the reclassification of COVID-19 as a Class 5 disease, the normalization of socioeconomic activity and the revival of events further alleviated the impact of infection-related activity restrictions. - FY2024-Q3MitigatedAnnual report
「During the cumulative third quarter, Japan's economy moved toward a gradual recovery as COVID-19 showed signs of subsiding and economic activity and inbound demand had a positive effect.」
The document describes COVID-19 showing signs of subsiding and an economic recovery driven by economic activity and inbound demand, further alleviating the impact of infection-related activity restrictions and downward pressure on demand. - FY2024-Q2MitigatedAnnual report
「During the cumulative second quarter, Japan's economy moved toward a gradual recovery as the reclassification of COVID-19 as a Class 5 disease under the Infectious Diseases Control Law helped restart economic activity and revive various events.」
The reclassification of COVID-19 as a Class 5 disease under the Infectious Diseases Control Law, the resumption of economic activity and the revival of events put the economy on a gradual recovery track and further alleviated the impact of COVID-19-related activity restrictions. - FY2024-Q1MitigatedAnnual report
「During the cumulative first quarter, Japan's economy showed signs of recovery, particularly in personal consumption and inbound demand, following the lifting of COVID-19-related restrictions on activity and the reclassification of COVID-19 as a Class 5 disease under the Infectious Diseases Control Law.」
The lifting of restrictions on activity and the reclassification of COVID-19 as a Class 5 disease under the Infectious Diseases Control Law led to signs of recovery, particularly in personal consumption and inbound demand, and further alleviated the impact of COVID-19-related activity restrictions. - FY2023MitigatedAnnual report
「Although COVID-19 continued to expand and contract in successive waves, restrictions on activity were eased in the second half of the fiscal year, and socioeconomic activity moved toward normalization.」
Although the infection expanded and contracted repeatedly, the easing of restrictions on activity in the second half of the fiscal year advanced the normalization of socioeconomic activity, and the impact of infection-related activity restrictions was further alleviated. - FY2023-Q3MitigatedAnnual report
「Personal consumption showed signs of recovery, particularly in services consumption, due to more opportunities to go out as the number of infections declined, government travel-support measures, and the easing of border-control measures and other restrictions. However, rising prices spread across a broad range of areas, including energy, daily necessities, and food, putting a damper on consumer sentiment just as it was beginning to improve.」
A recovery in service consumption became apparent as case numbers declined, opportunities to go out increased, travel support measures were introduced and border-control measures were eased, further reducing the impact of COVID-19-related restrictions on activity and consumption. Meanwhile, the downward pressure on consumer sentiment from rising prices has continued. - FY2023-Q2Normalization through easing restrictions and uncertainty caused by the seventh wave presented togetherAnnual report
「During the cumulative second-quarter period, economic conditions showed signs of recovery against a backdrop of progress toward normalizing economic activity as COVID-19-related restrictions were eased and resilient corporate earnings. However, the outlook remained uncertain due to the rapid increase in infections from the seventh wave, soaring crude oil and materials prices, and other factors.」
While the easing of COVID-19-related restrictions and progress toward normalizing economic activity were described, uncertainty over the outlook continued due to the sharp increase in infections from the seventh wave and soaring crude oil and materials prices. - FY2023-Q1MitigatedAnnual report
「As the COVID-19 pandemic eased and restrictions on activity were relaxed, the economy showed signs of recovery. However, the outlook remained uncertain due to the impact of soaring crude oil and materials prices, the rapid depreciation of the yen, lockdowns in Chinese cities under the country's zero-COVID policy, and other factors.」
It is stated that economic conditions and services consumption showed signs of recovery as the pandemic and restrictions on activity eased, temporarily reducing the impact of activity restrictions imposed due to COVID-19. Meanwhile, uncertainty over the outlook continued. - FY2022WorsenedAnnual report
「During the fiscal year, the Japanese economy remained uncertain as restrictions on activity were intermittently eased and tightened each time COVID-19 infections expanded and contracted, affecting economic and consumption activity. Personal consumption showed signs of improvement in the second half of the fiscal year as restrictions on activity were eased with the progress of vaccinations, but consumer sentiment did not achieve a full-scale recovery after the start of the new year due to the spread of the Omicron variant.」
The repeated expansion and contraction of infections and easing and tightening of restrictions on activity continued. Although vaccinations brought signs of improvement, the spread of the Omicron variant prevented a full-scale recovery in consumer sentiment. - FY2022-Q3Recovery in infection conditions and concerns over the outlook presented togetherAnnual report
「During the cumulative third-quarter period, the Japanese economy remained uncertain as restrictions on activity were imposed intermittently amid the spread of COVID-19 variants and other factors. Meanwhile, after the state of emergency and priority preventive measures were lifted at the end of September, the number of new infections remained low, and signs of improvement emerged as restrictions on activity were gradually eased.」
While uncertainty over the outlook due to the spread of variants and intermittent restrictions on activity continued, the lifting of declarations and other measures from the end of September, the low number of new infections, and the easing of restrictions on activity were also described as signs of improvement. - FY2022-Q2RestatedAnnual report
「During the cumulative second-quarter period, the Japanese economy remained uncertain as restrictions on activity were imposed intermittently amid the spread of COVID-19 variants and other factors.」
Restrictions on activity were imposed intermittently against a backdrop including the spread of variants, and the impact of the pandemic on economic activity and uncertainty over the outlook continued. - FY2022-Q1WorsenedAnnual report
「During the cumulative first-quarter period, the Japanese economy remained uncertain due to the resurgence of COVID-19, including the issuance of a third state of emergency in some regions.」
The issuance of a third state of emergency in some regions accompanying the resurgence of infections, together with the impact on consumer sentiment, is described, indicating that the impact of pandemic-related risks on economic activity continued. - FY2021WorsenedAnnual report
「Looking ahead, with no clear end in sight to the COVID-19 pandemic, there are concerns that restrictions on activity to prevent infection, worsening employment and income conditions, and the resulting prolonged economic stagnation will continue.」
With no clear end in sight to the pandemic, concerns about restrictions on activity, deterioration in employment and income conditions, and prolonged economic stagnation continued throughout the fiscal year. - FY2021-Q3WorsenedAnnual report
「Looking ahead, with no clear end in sight to the COVID-19 pandemic, there are concerns that restrictions on activity to prevent infection, worsening employment and income conditions, and the resulting prolonged economic stagnation will continue.」
With no clear end in sight to the pandemic, concerns are described regarding the resurgence of infections from the third wave, restrictions on activity, deterioration in employment and income conditions, and prolonged economic stagnation. - FY2021-Q2WorsenedAnnual report
「During the cumulative second-quarter period, the Japanese economy remained in an extremely difficult situation, with economic conditions stagnant as the global spread of COVID-19 had a major impact on economic activity in Japan and overseas. Although personal consumption was expected to recover following the lifting of the state of emergency, consumer sentiment remained weak amid the subsequent resurgence of infections.」
It is stated that the impact of COVID-19 on economic activity in Japan and overseas continued, and that consumer sentiment remained weak following the resurgence of infections. - FY2021-Q1WorsenedAnnual report
「During the cumulative first-quarter period, the Japanese economy was severely affected by the global spread of COVID-19, which had a major impact on economic activity in Japan and overseas. Economic conditions deteriorated rapidly, creating an extremely difficult situation. Personal consumption fell sharply, particularly in business formats forced to close their stores, as a result of nationwide requests to refrain from going out under the state of emergency.」
The sharp decline in inbound demand and the blow to domestic demand caused by COVID-19, described in the previous period, became tangible in the major impact on economic activity in Japan and overseas, the rapid deterioration in economic conditions, and the sharp decline in personal consumption associated with requests to refrain from going out. - FY2020First statedAnnual report
「In addition, the COVID-19 pandemic caused inbound demand to plunge and also dealt a blow to domestic demand. Going forward, there are concerns about the impact on the Japanese economy, including declines in production and consumption resulting from restrictions on people's movement and activities caused by the pandemic, as well as the associated stagnation in corporate activity and deterioration in employment, at least for the time being.」
It was explicitly stated for the first time that the COVID-19 pandemic caused inbound demand to plunge and domestic demand to suffer, along with concerns about a prolonged decline in product procurement and consumption and prolonged stagnation in corporate activity.