Impact of the Spread of the Novel Coronavirus on Business Performance and Sales Activities
First written in FY2020. 6 of 15 entries say "Mitigated", first in FY2021-Q2. Latest entry: FY2024-Q3.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024-Q3RestatedAnnual report
「During the first nine months of the current fiscal year, economic activity appeared to be returning to the level that existed before the COVID-19 shock as restrictions on economic activity and border-control measures related to COVID-19 were lifted, with personal consumption, particularly of services, continuing to increase.」
It continues to recognize that economic activity is returning to the level that existed before the COVID-19 shock. No new restrictions on movement or deterioration in earnings due to the spread of infection are mentioned. - FY2024-Q1MitigatedAnnual report
「During the first quarter of the current fiscal year, economic activity appeared to be returning to the level that existed before the COVID-19 shock as restrictions on economic activity and border-control measures related to COVID-19 were lifted, with personal consumption, particularly of services, continuing to increase.」
It states that economic activity is returning to the level that existed before the COVID-19 shock against a backdrop of the lifting of restrictions on economic activity and border-control measures, continuing to indicate an easing of the impact of the infectious disease on economic activity. - FY2023MitigatedAnnual report
「Economic activity is returning to the level that existed before the COVID-19 shock as restrictions on economic activity and border-control measures related to COVID-19 have been eased, and personal consumption, particularly of services, continues. However, if the impact of yen depreciation resulting from the widening Japan-U.S. interest-rate differential, the global surge in resource and raw-material prices, and prolonged concerns about a worldwide recession caused by the protracted Russian invasion of Ukraine continues, the impact on corporate earnings is expected to be significant.」
It states that economic activity is returning to the level that existed before the COVID-19 shock, indicating that the impact of the infectious disease on economic activity is easing, while also noting new downward pressures originating overseas. - FY2023-Q3MitigatedAnnual report
「During the first nine months of the current fiscal year, although there were concerns about the spread of the eighth wave of COVID-19 infections, no restrictions on movement were imposed and infection-control measures progressed. With personal consumption, particularly of services, continuing to increase, economic activity appeared to be returning to the level that existed before the COVID-19 shock.」
Although concerns about the spread of the eighth wave of infections remain, it states that economic activity is returning to the level that existed before the COVID-19 shock, with no restrictions on movement and progress in infection-control measures. Compared with the previous fiscal year, the impact of the infectious disease on economic activity has eased further. - FY2023-Q2RestatedAnnual report
「During the first six months of the current fiscal year, the impact of COVID-19 had eased to some extent and economic activity was moving toward normalization, although concerns about an economic slowdown originating overseas were intensifying.」
It continues to recognize that the impact of COVID-19 has eased to some extent and economic activity is moving toward normalization. At the same time, it notes concerns about an economic slowdown originating overseas. - FY2023-Q1MitigatedAnnual report
「During the first quarter of the current fiscal year, the impact of COVID-19 had eased to some extent and economic activity was moving toward normalization, although concerns about an economic downturn originating overseas were intensifying.」
It states that the impact of COVID-19 had eased to some extent and economic activity was moving toward normalization, indicating a reduction in the impact from the previous fiscal year. At the same time, the effects of China's zero-COVID policy and overseas lockdowns remain. - FY2022MaterialisedAnnual report
「The impact on our earnings from downward pressure on companies' capital investment and production activity due to the spread of coronavirus since early 2020 fell short of the earnings forecast announced on 27 April 2021 in the current consolidated fiscal year: net sales were 98.3% of forecast, operating income 94.2%, ordinary income 98.1% and net income attributable to owners of the parent 94.0%.」
It states that downward pressure on capital investment and production activity resulting from the spread of infection materialized in actual earnings as a shortfall against the earnings forecast for the current fiscal year. - FY2022-Q3MitigatedAnnual report
「During the first nine months of the current fiscal year, the impact of COVID-19 on Japan's economy began to ease, and economic activity generally continued to recover against a backdrop of easing restrictions.」
Compared with the previous quarter's description of the continuing spread of the infectious disease, concerns about a further resurgence and a prolonged recovery in economic conditions, it now states that the impact of the infectious disease is easing and that restrictions are being relaxed and the economy is recovering. However, it also states that risks remain, including the spread of the Omicron variant. - FY2022-Q2WorsenedAnnual report
「The COVID-19 pandemic continues to spread around the world, having a significant impact on domestic and overseas economies and leaving the business environment uncertain, with the outlook remaining difficult to predict. Although there are positive developments in Japan, including progress in vaccinations, concerns about a further resurgence of COVID-19 infections have not been dispelled. The economic outlook, including consumer spending, which is expected to gradually improve, must therefore be assessed carefully. In any event, it is expected to take a considerable amount of time to return to the economic level that existed before the spread of COVID-19.」
It states that the infectious disease continues to spread, concerns about a further resurgence remain and a considerable amount of time is expected to be needed to recover to the economic level that existed before the spread of infection, indicating that the infectious disease risk is likely to persist. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, Japan's economy was subject to restrictions on economic activity in response to the resurgence of COVID-19 infections, and the pace of economic recovery remained modest.」
It states that restrictions on economic activity caused by the resurgence of infections and a gradual economic recovery have continued. At the same time, it notes firm trends in the manufacturing sector, our main customer base, and in exports to China and the United States. - FY2021Limited impact in the current fiscal year but significant impact over the planning periodAnnual report
「The impact on our earnings from downward pressure on companies' capital investment and production activity due to the spread of coronavirus since early 2020 was relatively minor in the current consolidated fiscal year. Against the earnings forecast announced on 18 September 2020, we achieved 101.9% of forecast net sales, 111.9% of operating income, 115.7% of ordinary income and 119.6% of net income attributable to owners of the parent. However, over the 3 years of the Second Medium-Term Management Plan, the impact was extremely significant, resulting in substantial shortfalls against the original targets.」
It states that the impact on the earnings forecast for the current fiscal year was relatively minor, while over the 3 years of the Second Medium-Term Management Plan, the impact of the spread of infection was extremely significant and led to shortfalls against the targets. - FY2021-Q3RestatedAnnual report
「During the first nine months of the current fiscal year, Japan's economy was emerging from the worst period, when economic activity had been restricted under the policy of making containment of the spread of infection the top priority. However, downward pressure remains amid concerns about a resurgence of infections, and the pace of economic recovery has remained modest.」
As in the previous quarter, it states that the economic environment is emerging from its worst period, while concerns about a resurgence of infections and a gradual economic recovery have continued. - FY2021-Q2MitigatedAnnual report
「During the first six months of the current fiscal year, Japan's economy was emerging from the worst period, when economic activity had been restricted under the policy of making containment of the spread of infection the top priority. However, downward pressure remains amid concerns about a resurgence of infections, and the pace of economic recovery has remained modest.」
The description has changed from the previous quarter's "extremely difficult situation" to a statement that the economic environment is emerging from its worst period. At the same time, concerns about a resurgence of infections, a gradual recovery and the impact on earnings and capital investment have continued. - FY2021-Q1WorsenedAnnual report
「During the first quarter of the current fiscal year, Japan's economy was in an extremely difficult situation, the worst since the Lehman shock, across a wide range of industries, both manufacturing and non-manufacturing, except for certain industries, as exports and production plunged due to the spread of COVID-19.」
The impact of the spread of COVID-19 on earnings and sales activities has become more concrete, reflected in a sharp decline in exports and production and extremely difficult conditions across a wide range of industries. - FY2020First statedAnnual report
「In addition, the impact on corporate performance from the spread of COVID-19 has become increasingly severe, with the cancellation or postponement of capital investment and a marked decline in production activity. The sales activities of our employees have also been significantly restricted.」
It identifies the spread of COVID-19 as an independent business risk for the first time and describes its actual impact on capital investment, production activity and employees' sales activities.