Impact of COVID-19 on the economy, consumption and business activities
First written in FY2021-Q1. 8 of 16 entries say "Restated". Latest entry: FY2024.
- FY2024MitigatedAnnual report
「Following the reclassification of COVID-19 as a Category V infectious disease, domestic demand and inbound demand gradually recovered, and economic and social activity moved toward normalisation.」
It was stated that the reclassification as a Category V infectious disease and the recovery in demand eased the impact of the pandemic on economic and business activity, advancing the normalisation of economic and social activity. - FY2024-Q3RestatedAnnual report
「Following the reclassification of COVID-19 as a Category V infectious disease, domestic demand and inbound demand gradually recovered as restrictions on activity were eased, and economic and social activity moved toward normalisation.」
The disclosure continued to describe the normalisation of economic and social activity resulting from the reclassification of COVID-19 as a Category V infectious disease, the easing of restrictions on activity, and the recovery of domestic and inbound demand. - FY2024-Q2RestatedAnnual report
「Following the reclassification of COVID-19 as a Category V infectious disease, economic and social activity moved toward normalisation, with foot traffic recovering and inbound demand gradually recovering as restrictions on activity were eased.」
The reclassification to Category V, the easing of restrictions on activity, the recovery of foot traffic, and the recovery of inbound demand continued to be described, as in the previous quarter. - FY2024-Q1Progress toward normalisation following the reclassification to Category V and the easing of restrictions on activityAnnual report
「Following the reclassification of COVID-19 as a Category V infectious disease, there were signs of a gradual resumption of economic and social activity, including the easing of restrictions on activity and the recovery of domestic and international foot traffic.」
The disclosure described the reclassification of COVID-19 as a Category V infectious disease, the easing of restrictions on activity, the recovery of foot traffic, and the resulting resumption of economic and social activity. - FY2023RestatedAnnual report
「During the current fiscal year, Japan's economy showed signs of a gradual resumption of economic and social activity as restrictions on activity were eased, although the impact of COVID-19 continued for an extended period.」
The prolonged impact of the pandemic and the move toward normalisation of economic activity resulting from the easing of restrictions on activity continued to be described throughout the fiscal year. - FY2023-Q3RestatedAnnual report
「Although the impact of COVID-19 continued for an extended period, there were signs of economic activity moving toward normalisation as restrictions on activity were eased.」
The prolonged impact of the pandemic and the move toward normalisation of economic activity resulting from the easing of restrictions on activity continued to be described together. - FY2023-Q2RestatedAnnual report
「Although there were signs of economic activity moving toward normalisation as restrictions on activity were eased, while the impact of COVID-19 continued for an extended period」
The prolonged impact of the pandemic and the move toward normalisation of economic activity resulting from the easing of restrictions on activity continued to be described together. - FY2023-Q1The move toward economic normalisation was also described.Annual report
「Although there were signs of economic activity moving toward normalisation as restrictions on activity were eased, while the impact of COVID-19 continued for an extended period」
While continuing to describe the prolonged impact of the pandemic and uncertainty over the outlook, the disclosure also described the move toward normalisation of economic activity resulting from the easing of restrictions on activity. - FY2022RestatedAnnual report
「As the impact of COVID-19 continued for an extended period, there were signs of a move toward the normalisation of economic activity as vaccination became more widespread, but the end of the pandemic remained unforeseeable」
The prolonged impact of the pandemic, uncertainty over when it would subside, and the move toward normalisation of economic activity were described together, indicating that COVID-19-related risks persisted throughout the fiscal year. - FY2022-Q3WorsenedAnnual report
「During the first 9 months of the fiscal year ending December 2021 (1 April 2021 to 31 December 2021), expectations had been for an economic recovery after all states of emergency and priority preventive measures to prevent the spread of disease related to COVID-19 were lifted on 30 September. However, concerns about the spread of infections caused by new variants increased, and the outlook for the economy remained uncertain.」
Even after the states of emergency and other measures were lifted, concerns about the spread of infections caused by new variants remained, deepening uncertainty about the outlook related to COVID-19. - FY2022-Q2RestatedAnnual report
「During the first 6 months of the fiscal year ending September 2021 (1 April 2021 to 30 September 2021), Japan's economy was affected by the reissuance of a state of emergency and the intermittent implementation of priority preventive measures to prevent the spread of disease as COVID-19 infections expanded. Although the lifting of these measures was expected to allow economic activity and other activities to resume, concerns about a resurgence of infections remained unresolved and the outlook continued to be uncertain.」
The repeated and intermittent implementation of states of emergency and other measures continued, as did concerns about a renewed spread of infections even after their lifting. - FY2022-Q1WorsenedAnnual report
「The spread of COVID-19 led to the reissuance of states of emergency in some regions and the implementation of priority preventive measures to prevent the spread of the disease, resulting in a difficult situation due to a decline in consumption. Although vaccinations began in earnest and their effects were anticipated, containment of the disease was still not in sight and the outlook remained uncertain.」
The reissuance of states of emergency and other measures, the decline in consumption, and the uncertain outlook for containment continued and became more pronounced. - FY2021RestatedAnnual report
「During the fiscal year, Japan's economy was affected by the deterioration in global economic conditions resulting from restrictions on activity in various countries following the global spread of COVID-19. In Japan, the spread of infections also restricted social and economic activity, worsening corporate earnings and employment conditions and weakening personal consumption, resulting in an extremely challenging situation. The outlook was expected to remain extremely uncertain because of the resurgence of COVID-19, US-China trade friction and risks of pressure on government finances in various countries.」
The global spread of COVID-19, restrictions on social and economic activity, the impact on corporate earnings, employment and personal consumption, and concerns about renewed spread continued to be reported throughout the fiscal year. - FY2021-Q3WorsenedAnnual report
「The economy remained in an extremely difficult situation, affected by the deterioration in global economic conditions resulting from restrictions on activity imposed by countries amid the global spread of COVID-19, including the second and third waves following the first wave, as well as weaker domestic personal consumption and deteriorating corporate earnings and employment conditions. Although expectations for the containment of the disease rose with the start of COVID-19 vaccinations, the outlook remained extremely uncertain due to the risk of further spread, including variants of COVID-19, and pressure on the public finances of various countries.」
The company identified the second and third waves, further spread of infections including variants, and the risk of pressure on the public finances of various countries, deepening the uncertainty surrounding pandemic-related risks. - FY2021-Q2WorsenedAnnual report
「The Japanese economy was in an extremely difficult situation, affected by a rapid deterioration in global economic conditions resulting from restrictions on activity imposed by countries amid the global spread of COVID-19. In Japan, social and economic activity was also heavily restricted following the government's declaration of a state of emergency, worsening corporate earnings and employment conditions and weakening consumer sentiment. Although the state of emergency was lifted in late May, the economy was also affected by the July 2020 heavy-rain disaster, known as the Reiwa 2 July heavy-rain disaster, in addition to the renewed spread of infections. Recovery was expected to take considerable time, and conditions remained uncertain.」
Infections spread again after the state of emergency was lifted, and the Reiwa 2 July heavy-rain disaster also occurred. Recovery was expected to take considerable time, deepening the disclosure concerning COVID-19-related risks. - FY2021-Q1First statedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, from 1 April 2020 to 30 June 2020, the Japanese economy was in an extremely difficult situation. It was affected by a rapid deterioration in global economic conditions resulting from restrictions on activity imposed by countries amid the global spread of COVID-19, while in Japan social and economic activity was also heavily restricted following the government's declaration of a state of emergency in April, leading to a rapid downturn in economic conditions, including worsening employment and weaker consumer sentiment. Although the state of emergency was lifted in late May, the spread of the virus, including a possible second wave, remained a concern, and economic recovery was expected to take time. The outlook therefore remained uncertain.」
The company identified the global spread of COVID-19, restrictions on activity in various countries, Japan's state of emergency, the impact on employment and consumption, and concerns about a second wave as new risks to the economy and operating environment.