Impact of the spread of COVID-19 on consumption, competition and procurement prices
First written in FY2020. 4 of 16 entries say "Worsened", first in FY2021-Q3. Latest entry: FY2025.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2025DroppedAnnual report
「During the consolidated fiscal year, the Japanese economy remained uncertain amid rising inbound demand and continued improvement in employment and income conditions, while being affected by persistently higher raw material and energy prices, prolonged uncertainty overseas, the U.S. administration’s trade policies and the weaker yen.」
The current fiscal year's descriptions of the operating environment and risks do not explicitly identify any impact of COVID-19 on consumption, competition or procurement prices. - FY2024MitigatedAnnual report
「During the current consolidated fiscal year, Japan's economy moved along a moderate recovery trend as economic normalisation progressed further, driven by increased movement of people and expanding inbound demand following the government's easing of restrictions on movement related to COVID-19.」
The company describes economic normalisation driven by the easing of restrictions on movement, increased movement of people and expanding inbound demand, explaining that the impact of the infectious disease on economic activity has eased compared with the past. - FY2024-Q2MitigatedAnnual report
「During the first 6 months of the current consolidated fiscal year, Japan's economy showed a moderate recovery trend as economic activity normalised following the reclassification of COVID-19 as a Class 5 infectious disease and as inbound demand recovered. However, the outlook remained uncertain due to the impact of rising prices caused by surging global energy and raw material prices.」
Against the background of the reclassification of COVID-19 as a Class 5 infectious disease and the recovery in inbound demand, the company describes the normalisation of economic activity and a recovery trend in the economy, stating that the impact of the infectious disease on economic activity has eased compared with the past. Meanwhile, uncertainty due to surging energy and raw material prices remains. - FY2023Easing of restrictions on movement presented alongside infectious disease risksAnnual report
「If infections such as COVID-19, influenza or norovirus spread among the group's employees, this could affect the group's performance, including through the temporary closure of sales offices or suspension of operations at manufacturing plants.」
While describing an economic recovery driven by the easing of restrictions on movement, the company continues to explicitly identify business continuity risks such as the closure of sales offices and suspension of plant operations due to employee infections. - FY2023-Q3Lifting of restrictions on movement presented alongside a sharp increase in infections in ChinaAnnual report
「The outlook for the global economy also remained uncertain amid the prolonged situation in Ukraine, the impact on economic conditions of a sharp increase in COVID-19 cases in China, and concerns that the global inflationary environment could turn into an economic recession.」
While describing the normalisation of economic activity in Japan following the government's lifting of restrictions on movement, the company newly presents the impact on economic conditions of a sharp increase in COVID-19 cases in China. - FY2023-Q2WorsenedAnnual report
「During the first 6 months of the current consolidated fiscal year, Japan's economic outlook became uncertain due to the resurgence of COVID-19 driven by new variants, surging resource and raw material prices, and rising prices caused by the yen's depreciation,」
The company cites a resurgence of COVID-19 driven by new variants, indicating that uncertainty surrounding infectious diseases has intensified from the previous quarter's description of a recovery in economic activity. - FY2023-Q1RestatedAnnual report
「During the first 3 months of the current consolidated fiscal year, although the impact of COVID-19 continued for an extended period, priority preventive measures were fully lifted on 21 March. Economic activity showed signs of a gradual recovery, partly due to the effects of the wider rollout of vaccinations.」
While stating that the impact of COVID-19 has continued for an extended period, the company also indicates a recovery in economic activity following the lifting of priority preventive measures and the wider rollout of vaccinations. - FY2022ReframedAnnual report
「If infections such as COVID-19, influenza or norovirus spread among the group's employees, this could affect the group's performance, including through the temporary closure of sales offices or suspension of operations at manufacturing plants.」
The description of infectious disease risks has expanded beyond external impacts on consumption, competition and procurement prices to business continuity impacts such as the closure of sales offices and suspension of plant operations due to employee infections. - FY2022-Q3Recovery following a decline in infections presented alongside concerns about variantsAnnual report
「During the cumulative third quarter of the consolidated fiscal year, economic activity showed signs of recovery as the number of infections declined following various government measures against COVID-19 and the wider rollout of vaccinations. However, concerns over surging global resource prices and the spread of a new variant remained, and uncertainty about the outlook persisted.」
The company describes a decline in infections and a recovery in economic activity, while continuing to indicate concerns about the spread of new variants and uncertainty over the outlook. - FY2022-Q2Recovery expectations presented alongside other factorsAnnual report
「During the cumulative second quarter of the consolidated fiscal year, Japan’s economy remained in a difficult condition because of the impact of COVID-19. Although signs of a recovery are expected as measures to prevent the spread of infections, including promoting vaccination, are implemented, close attention will continue to be required because of the downside risk to the economy from the impact of further infections.」
While continuing to indicate severe economic conditions and downside risks due to the impact of infectious diseases, the company has newly presented expectations of a recovery driven by developments such as vaccination. - FY2022-Q1WorsenedAnnual report
「During the first 3 months of the current consolidated fiscal year, Japan's economy remained uncertain as the resurgence of COVID-19 led to the issuance of declarations of a state of emergency and priority preventive measures, while restrictions on economic activity continued to curb the movement of people.」
The company describes the issuance of declarations of a state of emergency and priority preventive measures following the resurgence of infections, as well as the continued restriction of economic activity. - FY2021WorsenedAnnual report
「Regarding the impact of COVID-19 on the group, Japan's third declaration of a state of emergency was also issued in Aichi Prefecture, where the company is based, and there was still no prospect of bringing the spread of infections under control. In addition, conditions remained uncertain amid weaker consumer sentiment due to declining personal income and deteriorating employment conditions, as well as a growing preference for saving.」
The company describes the third declaration of a state of emergency in Aichi Prefecture and the lack of a prospect for bringing infections under control, while continuing to cite deteriorating income and employment conditions, weaker consumer sentiment and a growing preference for saving. - FY2021-Q3WorsenedAnnual report
「During the first 9 months of the current consolidated fiscal year, Japan's economy deteriorated rapidly due to the global spread of COVID-19 and other factors. In Japan, there was still no prospect of bringing infections under control, and it remained necessary to remain alert to the impact of their spread, with conditions continuing to be extremely uncertain. In the food industry, rising demand for meals prepared at home and stay-at-home consumption, driven by requests to refrain from non-essential and non-urgent outings and the expansion of telework during the COVID-19 pandemic, became a factor supporting sales. Meanwhile, the outlook remained uncertain amid weaker consumer sentiment due to declining personal income and deteriorating employment conditions, as well as a stronger preference for saving.」
The company explains that the economy deteriorated rapidly due to COVID-19 and that extremely uncertain conditions continue, with no prospect of bringing infections under control. While demand for meals prepared at home and stay-at-home consumption supported sales, it also describes deteriorating income and employment conditions, weaker consumer sentiment and a stronger preference for saving. - FY2021-Q2Rising demand for meals prepared at home presented alongside concerns about a resurgence of infectionsAnnual report
「In the food industry, rising demand for meals prepared at home and stay-at-home consumption, driven by requests to refrain from non-essential and non-urgent outings and the expansion of telework during the COVID-19 pandemic, became a factor supporting sales. Meanwhile, the outlook remained uncertain amid weaker consumer sentiment due to declining personal income and deteriorating employment conditions, as well as a stronger preference for saving.」
The company states that COVID-19 increased demand for meals prepared at home and stay-at-home consumption, supporting sales, while also describing deteriorating income and employment conditions, weaker consumer sentiment and a stronger preference for saving, thereby presenting both sides of the impact. - FY2021-Q1MaterialisedAnnual report
「During the first quarter of the current consolidated fiscal year, Japan's economy remained in a severe condition as economic activity stagnated due to the spread of COVID-19, while corporate earnings and employment conditions deteriorated and consumer sentiment weakened. In the food industry to which the group belongs, rising demand for meals prepared at home, driven by requests to refrain from non-essential and non-urgent outings, school closures and the promotion of telework, became a factor supporting sales. However, the risk of COVID-19 remained significant and the operating environment continued to be highly uncertain.」
The company explains that the spread of COVID-19 has actually resulted in stagnant economic activity, deteriorating corporate earnings and employment conditions, and weaker consumer sentiment. Meanwhile, increased demand for meals prepared at home became a factor supporting sales. - FY2020First statedAnnual report
「Regarding the impact of COVID-19 on the group, there are concerns that prolonged and expanded infections could lead to sluggish consumption, intensified competition across industries and business formats, and surges in some procurement prices.」
Following the global spread of COVID-19, the company has, for the first time, identified the potential for sluggish consumption, intensified competition and surges in some procurement prices as risks specific to the group.