Fluctuations in Business and Demand Caused by COVID-19
First written in FY2021-Q1. 2 of 8 entries say "Restated". Latest entry: FY2023.
JBCC Holdings moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
4 other companies' latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「With signs that the prolonged COVID-19 pandemic is beginning to subside, companies' appetite for IT investment is strengthening further.」
Regarding fluctuations in the economy and demand caused by the COVID-19 pandemic, the company described signs of stabilisation and increasing appetite for IT investment. It also retained the possibility that future changes in conditions could affect accounting estimates. quantified is false; materialized is true. - FY2023-Q2Normalisation and concerns about a renewed spread presented togetherAnnual report
「During the six months ended 30 September 2022, Japan's economy showed signs of recovery following the easing of activity restrictions related to COVID-19. However, the outlook remained uncertain due to the rapid spread of COVID-19 infections from July, semiconductor shortages, the prolonged Russian invasion of Ukraine and the record depreciation of the yen. Close attention must be paid to downside risks.」
The company described the easing of activity restrictions and an economic recovery, while also presenting the rapid spread of infections from July and downside risks to the outlook. - FY2023-Q1MitigatedAnnual report
「During the three months ended 30 June 2022, Japan's economy showed signs of recovery as economic and social activity normalised after the COVID-19 pandemic. However, the outlook remained uncertain due to the prolonged situation in Ukraine and soaring resource prices.」
Regarding the impact of COVID-19 on economic activity, the company described the normalisation of economic and social activity and signs of an economic recovery, indicating some easing from the previously described effects of the pandemic. Other external uncertainties were also presented. - FY2022-Q2Vaccination progress and concerns about a renewed spread of infections presented togetherAnnual report
「Meanwhile, vaccination is progressing steadily, and economic activity is expected to normalise as restrictions on activity are eased. However, concerns remain about a renewed spread and prolonged course of COVID-19, and the timing of its eventual containment remains uncertain.」
The company indicated that vaccination is progressing and that economic activity is expected to normalise, while also presenting concerns about a renewed and prolonged spread of COVID-19 and uncertainty over when it will be contained, covering both sides of the risk assessment. - FY2022-Q1WorsenedAnnual report
「Meanwhile, there are concerns about new infection risks from the spread of highly transmissible variants, and close attention must be paid to the impact of any further spread of infections on domestic and overseas economies.」
The company explicitly raised concerns about new infection risks from highly transmissible COVID-19 variants, making the previously described infectious-disease risk more specific. - FY2021RestatedAnnual report
「During the fiscal year ended 31 March 2021, Japan's economy remained in a difficult situation, with economic activity subject to certain restrictions due to the prolonged spread of COVID-19. Although some signs of recovery were seen in the economic outlook, supported by the effects of various government policies and improvements in overseas economies, the outlook remained uncertain due in part to the renewed spread of COVID-19.」
The company continued to describe the prolonged and renewed spread of COVID-19 and uncertainty about the economic outlook. - FY2021-Q3RestatedAnnual report
「During the nine months ended 31 December 2020, Japan's economy showed signs of recovery in consumer spending and exports as the impact of COVID-19 continued for an extended period. However, the number of new infections subsequently began to rise again, leaving the outlook for the economy uncertain.」
The company continued to describe uncertainty about the economic outlook due to the prolonged COVID-19 pandemic and the renewed increase in new infections. quantified is false; materialized is true. - FY2021-Q1MaterialisedAnnual report
「During the three months ended 30 June 2020, Japan's economy deteriorated rapidly due to the spread of COVID-19, and the recovery in consumer spending and corporate activity remained extremely uncertain.」
The company newly described the impact of COVID-19 on the economy and corporate activity. While project postponements and investment budget freezes among manufacturing customers, as well as effects on efforts to generate new projects, had actually occurred, demand for telework infrastructure was leading to growth in cloud and security projects.