Factory Shutdowns and Demand Decline Caused by the Novel Coronavirus Disease
First written in FY2021-Q1. 7 of 10 entries say "Mitigated", first in FY2021-Q2. Latest entry: FY2024-Q1.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
51 other companies' latest entry also says "Mitigated".
- FY2024-Q1MitigatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, from 1 April 2023 to 30 June 2023, Japan’s economy remained on a gradual recovery trend, supported by an improving employment environment and recovering personal consumption against the backdrop of the reclassification of COVID-19 as a Class 5 disease, among other factors.」
The company reported that the employment environment and personal consumption recovered against the backdrop of COVID-19 being reclassified as a Class 5 disease, further easing the impact of the restrictions on economic activity imposed during the pandemic. - FY2023MitigatedAnnual report
「During the current consolidated fiscal year, Japan’s economy showed signs of a gradual recovery against the backdrop of eased restrictions on social and economic activity due to COVID-19. However, the outlook remained uncertain as raw-material and energy prices rose and inflation accelerated due to factors including Russia’s invasion of Ukraine, policy rates were raised in various countries, the yen weakened, and supply constraints caused by global supply-chain disruptions continued.」
Restrictions on social and economic activity due to the pandemic were eased and the economy showed signs of recovery, while new uncertainties such as supply constraints and rising prices persisted. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company stated that there had been no material change in the risk of factory shutdowns and declining demand caused by COVID-19. - FY2023-Q2RestatedAnnual report
「Meanwhile, intermittent shutdowns due to shortages of parts continued, mainly among automotive-related manufacturers.」
The company stated that there had been no material change in the risk of intermittent shutdowns due to parts shortages among automotive-related manufacturers. - FY2023-Q1MitigatedAnnual report
「Meanwhile, from summer 2021, intermittent shutdowns occurred mainly at major automakers due to shortages of semiconductors and other parts. However, demand for personnel in anticipation of a recovery in production activity remained firm without declining.」
The company explained that, although automakers experienced intermittent shutdowns due to parts shortages, demand for personnel remained firm without declining. - FY2022-Q3MitigatedAnnual report
「In the automotive-related sector, some major automakers made production adjustments due to parts shortages caused by lockdowns in ASEAN countries and the global semiconductor shortage. However, demand for finished vehicles remained strong, and with production normalization expected, there was no discernible impact such as a decline in demand for personnel.」
Although some production adjustments due to shortages of materials and semiconductors continued, no impact such as a decline in demand for personnel was seen in the automotive-related sector. - FY2022-Q1MitigatedAnnual report
「In the first half of 2020, mainly among major automakers, temporary production stoppages caused by COVID-19 had an impact. From the second half of 2020, however, the situation reversed, and demand for personnel increased alongside a rapid recovery in production activity.」
Although factory shutdowns and declining demand caused by the pandemic occurred in the past, the company reported a sharp recovery in production activity and rising demand for personnel from the second half of 2020 onward. - FY2021-Q3MitigatedAnnual report
「After the aforementioned lifting of the state of emergency, temporary shutdowns at client factories declined. In the automotive-related sector, which was most affected by the global spread of COVID-19, demand for personnel increased as production activity recovered, led by major automakers.」
The company reported that temporary shutdowns at client factories due to COVID-19 declined and that production activity and demand for personnel recovered in the automotive-related sector. Concerns about a renewed spread of infections continued separately. - FY2021-Q2MitigatedAnnual report
「After the state of emergency was lifted, temporary shutdowns at client factories declined. In the automotive-related sector, which was most affected by the global spread of COVID-19, demand for personnel showed signs of recovery as production activity recovered, led by major automakers.」
Although the impact of COVID-19-related factory shutdowns and weaker automotive-related demand continued, factory shutdowns declined after the state of emergency was lifted, and production activity and demand for personnel showed signs of recovery. - FY2021-Q1MaterialisedAnnual report
「After the lifting of the state of emergency, economic activity was expected to recover gradually from an extremely severe situation as activity levels rose in stages. However, the outlook remained uncertain.」
The global spread of COVID-19 and the state of emergency actually resulted in restrictions on personal consumption and corporate activity, supply-chain disruptions, temporary factory shutdowns and declining automotive demand.