Impact of COVID-19 on Business Operations and Performance
First written in FY2020. 3 of 13 entries say "Worsened", first in FY2021-Q1. Latest entry: FY2024-Q3.
Ku Holdings moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 119 of 169 companies on the "Worse" side.
45 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year (1 April 2023 to 31 December 2023), Japan's economy showed signs of normalization toward a recovery in economic activity following the easing of restrictions related to COVID-19. However, the outlook remained uncertain due to higher prices resulting from soaring energy and raw material prices amid heightened geopolitical risks.」
The Company continued to describe the easing of restrictions related to the infection and developments toward the normalization of economic activity, as well as uncertainty over the outlook due to the external environment. - FY2024-Q2RestatedAnnual report
「Although the economy showed signs of a gradual recovery following the reclassification of COVID-19 under the Infectious Diseases Control Act to Category 5, the outlook remains uncertain due to soaring energy and raw material prices resulting from the prolonged situation in Ukraine, the weaker yen and other factors.」
The Company continued to describe developments toward recovery associated with COVID-19 being reclassified under Category V, together with uncertainty related to the weaker yen, the situation in Ukraine and surging energy and raw material prices. - FY2024-Q1SoftenedAnnual report
「Although the economy showed signs of a gradual recovery following the reclassification of COVID-19 under the Infectious Diseases Control Act to Category 5, the outlook remains uncertain due to soaring energy and raw material prices resulting from the prolonged situation in Ukraine, the weaker yen and other factors.」
A gradual economic recovery associated with COVID-19 being reclassified under Category V was described, and references to restrictions on activities directly caused by the infection became less prominent. Uncertainty related to the situation in Ukraine, higher prices and the weaker yen continued. - FY2023SoftenedAnnual report
「Developments toward the normalization of economic activity were seen following the easing of restrictions related to COVID-19. However, the outlook for the economy remained uncertain, with prices rising as the weaker yen and the deterioration and prolongation of the situation in Ukraine caused energy and raw material prices to surge.」
Developments toward economic normalization as restrictions on activities were eased were described, while references to restrictions directly caused by the infection became less prominent. Uncertainty over the outlook due to the external environment continued. - FY2023-Q3SoftenedAnnual report
「During the nine-month period ended 31 December 2022 (1 April 2022 to 31 December 2022), Japan's economy showed signs of normalization as restrictions related to COVID-19 were eased, but the economic outlook remained uncertain due to inflation caused by surging energy and raw material prices amid the depreciation of the yen and the worsening and prolongation of the situation in Ukraine.」
The Company continued to disclose developments toward normalization as restrictions related to the infection were eased, together with uncertainty arising from the weaker yen, the situation in Ukraine and surging energy and raw material prices. The wording changed from “rapid depreciation of the yen” to “progressive depreciation of the yen.” - FY2023-Q2Developments toward normalization as restrictions on activities were easedAnnual report
「Developments toward the normalization of economic activity were seen following the easing of restrictions related to COVID-19. However, the outlook for the economy remained uncertain, with prices rising as the rapid depreciation of the yen and the deterioration and prolongation of the situation in Ukraine caused energy and raw material prices to surge.」
The Company described the easing of restrictions related to the infection and developments toward the normalization of economic activity, while uncertainty over the outlook continued due to the weaker yen, the situation in Ukraine and higher prices resulting from surging energy and raw material prices. - FY2023-Q1Developments toward normalization amid the pandemicAnnual report
「Developments toward the normalization of economic activity were seen with the spread of COVID-19 vaccinations and other factors. However, the outlook for the economy remained uncertain as the rapid depreciation of the yen and the deterioration and prolongation of the situation in Ukraine caused energy and raw material prices to surge.」
While developments toward the normalization of economic activity through the spread of vaccinations were described, uncertainty over the outlook amid the pandemic continued, alongside external pressures including the weaker yen and the deterioration and prolongation of the situation in Ukraine. - FY2022WorsenedAnnual report
「Economic activity and personal consumption remained restricted due to the spread of COVID-19. Although developments toward the normalization of economic activity, including the spread of vaccinations, raised expectations, the outlook for the economy remained uncertain, with the possibility of a renewed spread of COVID-19 and growing downward pressure on the global economy due to the deteriorating situation in Ukraine.」
While restrictions on economic activity and personal consumption due to the infection continued, the Company described the possibility of a renewed spread and downward pressure on the global economy from the deteriorating situation in Ukraine. - FY2022-Q2Continued spread of the infection and concerns over variantsAnnual report
「Economic activity and personal consumption remained restricted due to the renewed spread of COVID-19. While the spread of vaccinations and other developments raised expectations for the normalization of economic activity, concerns over a renewed spread of the infection due to the spread of variants persisted, and the outlook for the economy remained uncertain.」
Restrictions on economic activity and personal consumption continued due to the renewed spread of the infection, and the Company continued to disclose concerns over a renewed spread caused by the spread of variants. - FY2022-Q1Continued spread of the infection and concerns over variantsAnnual report
「Economic activity and personal consumption remained restricted due to the renewed spread of COVID-19. While the spread of vaccinations and other developments raised expectations for the normalization of economic activity, concerns over the spread of variants persisted, and the outlook for the economy remained uncertain.」
Restrictions on economic activity and personal consumption continued due to the renewed spread of the infection, while concerns over the spread of variants were newly stated and expectations for normalization through vaccinations were also described. - FY2021-Q3WorsenedAnnual report
「Although some signs of an economic recovery were seen as economic activity resumed from June 2020, the outlook for the economy remains uncertain, as a state of emergency was issued again due to the spread of the infection and the timing of its containment remains unforeseeable.」
It was stated that a state of emergency was issued again due to the spread of the infection and that the timing of its containment remained unforeseeable. - FY2021-Q1WorsenedAnnual report
「As the spread of COVID-19 led to the issuance of a state of emergency and restrictions on corporate activities, corporate earnings declined and the employment and income environment deteriorated.」
Restrictions on corporate activities, lower corporate earnings and deterioration in the employment and income environment due to COVID-19 were described as actual economic conditions. - FY2020First statedAnnual report
「If a global emergency such as the spread of COVID-19 occurs, the Group's business operations themselves may become difficult due to lower sales resulting from restrictions on activities, lockdowns overseas and supply delays caused by the suspension of operations at automakers' plants, which could significantly affect the Group's business performance and financial position.」
COVID-19 was newly disclosed as a global emergency risk. The explanation of operating results stated that the effects of the spread of the infection became apparent from the fourth quarter onward.