Demand, supply and workforce risks arising from the spread of COVID-19
First written in FY2020. 5 of 11 entries say "Restated". Latest entry: FY2024.
Mitsui DM Sugar 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: 103 of 175 companies on the "Worse" side.
50 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Demand may remain sluggish due to policies restricting activity associated with the spread of infectious diseases, potentially affecting our group's business performance and financial condition.」
Even as social and economic activity moves toward normalization, the risk of sluggish demand due to the spread of infectious diseases and restrictions on activity continues to be disclosed as a business and other risk. - FY2024-Q1SoftenedAnnual report
「During the three-month period of the first quarter, socioeconomic activity moved toward normalization following changes to the legal classification of COVID-19, but the operating environment remained uncertain due to the prolonged situation in Ukraine, soaring raw material prices and the increasing trend of yen depreciation.」
The disclosure stated that social and economic activity was moving toward normalization following the change in the classification of COVID-19 under the Infectious Diseases Control Law, softening the previous focus on the spread of infection and restrictions on activity. - FY2023-Q1RestatedAnnual report
「There have been no material changes to the assumptions regarding the impact of the spread of COVID-19 described in the "Additional Information (Impact of COVID-19)" section of the securities report for the previous consolidated fiscal year.」
It was stated that there were no material changes to the previous year's assumptions regarding the impact of COVID-19. Meanwhile, the effects of lower sales volume at the Chinese associate and labor shortages in Singapore were described in the section on business performance. - FY2022-Q3RestatedAnnual report
「During the third quarter of the consolidated cumulative period, restrictions on activity were gradually eased following the full lifting of the state of emergency and other measures, and signs of an economic recovery emerged. However, concerns over a resurgence of infections due to the emergence of new variants continue.」
While signs of a recovery emerged as restrictions on activity were eased, concerns over a resurgence of infections due to new variants continue. - FY2022-Q2RestatedAnnual report
「During the second quarter of the consolidated cumulative period, amid the nationwide contraction in economic activity resulting from the spread of COVID-19, which entered what were known as the "fourth wave" and "fifth wave," and the issuance of declarations of a state of emergency and priority preventive measures to prevent the spread of disease」
The contraction in economic activity and impact on sales resulting from the spread of COVID-19 and declarations of a state of emergency continue. - FY2022-Q1RestatedAnnual report
「During the first quarter of the consolidated cumulative period, amid the nationwide contraction in economic activity resulting from repeated declarations of a state of emergency and the issuance of priority preventive measures to prevent the spread of disease due to the spread of COVID-19, we optimized our production systems in line with sales conditions, reduced various expenses and further strengthened coordination among the group companies.」
The contraction in economic activity and impact on sales resulting from the spread of COVID-19, declarations of a state of emergency and priority preventive measures to prevent the spread of disease continue. - FY2021WorsenedAnnual report
「The declaration of a state of emergency and requests to refrain from going out due to the spread of COVID-19 significantly restricted social and economic activity, resulting in generally severe conditions affecting not only corporate performance but also the employment environment.」
The impact of the infectious disease on demand and sales continued throughout the fiscal year and was reflected in performance as lower sales volume in the sugar business and declines in revenue and profit. - FY2021-Q3WorsenedAnnual report
「However, as the spread of COVID-19 remains unchecked, uncertainty over the outlook for the global economy remains strong, and sales conditions at the group companies continue to be adversely affected.」
The spread of COVID-19 remains unchecked, while uncertainty over the global economy and adverse effects on sales at the group companies continue. - FY2021-Q2WorsenedAnnual report
「During the second quarter of the consolidated cumulative period, our group promoted coordination among the group companies and continued efforts to strengthen the foundations of existing businesses and expand businesses in growth areas. However, as the spread of COVID-19 resurged, with some regions in Europe moving to reimpose stricter restrictions on movement, uncertainty over the outlook for the global economy remains strong, and sales conditions at the group companies continue to be adversely affected.」
The resurgence of infections and moves to reimpose stricter restrictions on movement in some parts of Europe were reported, while uncertainty over the global economy and adverse effects on sales at the group companies continued. - FY2021-Q1WorsenedAnnual report
「During the first quarter of the consolidated cumulative period, our group promoted coordination among the group companies and continued efforts to strengthen the foundations of existing businesses and expand businesses in growth areas. However, as economic activity stagnated worldwide due to the spread of COVID-19, sales at the group companies were adversely affected. In addition, as one-off factors, there was deterioration in the cost ratio at the consolidated subsidiary 北海道糖業㈱ due to the impact of an accident that occurred in the previous fiscal year, and deterioration in the results of the Thai associate accounted for using the equity method due to a poor sugarcane harvest caused by drought. As a result, revenue and profit declined year on year.」
The spread of COVID-19 affected not only society-wide risk but also sales at the group companies, and its impact on company performance was explicitly reported as year-on-year declines in revenue and profit. - FY2020MaterialisedAnnual report
「These risks are currently becoming apparent throughout society. In addition to diversifying raw material procurement routes, we have implemented preventive measures in response to the spread of infection, including handwashing and disinfection, temperature checks, staggered working hours, recommending working from home, distributing masks and requiring mask use.」
The disclosure stated that risks associated with the spread of COVID-19 had become apparent throughout society, and envisaged sluggish food demand, disruptions to the transportation, distribution and sale of raw materials and products, staff shortages, and business disruptions caused by infections among production and sales personnel. It did not conclude that company-specific damage had occurred.