Risk of Lower Utilization Rates and Project Delays Due to the Spread of COVID-19
First written in FY2020. 5 of 12 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2020: 24 of 49 companies on the "Worse" side.
11 other companies' latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「Although the impact of COVID-19 has subsided, inflation arising during the process of containing the pandemic is causing dramatic changes in the global economy.」
The company states that the direct impact of COVID-19 has subsided, with the focus shifting from the previous business continuity risks caused by the pandemic to a business environment centered on inflation and economic slowdown. - FY2023-Q3RestatedAnnual report
「Regarding the response to COVID-19 and its impact on business activities, the shift to telework in many business areas has reduced risks to business continuity. The company will continue its operations while rigorously implementing infection-prevention measures.」
The company continues to explain that the shift to telework in many business areas has reduced the risk to business continuity from COVID-19. - FY2023-Q1MitigatedAnnual report
「Regarding the response to COVID-19 and its impact on business activities, the shift to telework in many business areas has reduced risks to business continuity. The company will continue its operations while rigorously implementing infection-prevention measures.」
The company states that the shift to telework in many business areas has reduced the risk to business continuity from the impact of COVID-19. - FY2022MitigatedAnnual report
「The impact of COVID-19 is gradually subsiding, and conditions are increasingly in place to pursue more proactive management in preparation for the post-COVID-19 period.」
The company states that the impact of COVID-19 is gradually subsiding and that conditions are increasingly in place to shift to more proactive management. However, short-term concerns about order delays remain for operations requiring face-to-face discussions. - FY2022-Q3WorsenedAnnual report
「Regarding the response to COVID-19 and its impact on business activities, although social life is gradually returning to normal, business activity has not fully recovered, as restrictions on office attendance and bans or voluntary restrictions on business travel have become routine for many customers due to the resurgence of the Omicron variant in the United States.」
While social life is returning to normal, the resurgence of the Omicron variant in the United States has made restrictions on office attendance and business travel routine for customers, and business activity has not fully recovered. - FY2022-Q2RestatedAnnual report
「However, because complex, detailed discussions must be conducted face to face, the launch of new projects remained stalled, compounded by the spread of COVID-19 variants.」
While expanding remote operations, the company continues to face stagnation in launching new projects due to restrictions on face-to-face discussions and the spread of variants. - FY2022-Q1RestatedAnnual report
「Against this backdrop, the group continued its business activities through remote sales, IT support via telework, and software development support via telework. However, because complex, detailed discussions must be conducted face to face, the launch of new projects remains stalled, compounded by the spread of COVID-19 variants.」
While continuing remote sales and telework, the company continues to face stagnation in launching new projects due to the spread of variants and restrictions on face-to-face discussions. - FY2021RestatedAnnual report
「However, because complex, detailed discussions must be conducted face to face, the launch of new projects remains stalled, compounded by the spread of COVID-19 variants.」
The stagnation in launching new projects continues because detailed, face-to-face discussions are difficult to conduct remotely and the spread of COVID-19 variants remains a factor. - FY2021-Q3MaterialisedAnnual report
「Regarding the response to COVID-19 and its impact on business activities, the following occurred: (1) communication losses with employees, customers, and investee companies due to restrictions on working in offices in the United States; (2) stagnation in new sales activities due to interruptions to customers' business activities and uncertainty about the outlook; (3) delivery postponements for projects already won; and (4) temporary project suspensions, among other effects.」
The company specifically states that COVID-19 resulted in communication losses in the United States, stagnation in new sales, delivery postponements, and temporary project suspensions. Meanwhile, IoT projects already won and temporarily suspended projects have resumed following agreement with customers. - FY2021-Q2RestatedAnnual report
「However, business support that is difficult to provide remotely remains subject to possible temporary order delays, particularly in some operations in the automotive, social infrastructure, and robotics/AI fields. In these business areas, the company is continuing operations while taking steps to reduce infection risks, such as maintaining social distancing and encouraging off-peak commuting. In the short term, order delays resulting from customers' expense reductions and curbs on investment are also a concern.」
The risk of order delays remains in some automotive, social infrastructure, and robotics/AI operations that are difficult to support remotely. Delays resulting from customers' expense reductions and investment curbs are also described as a short-term concern. - FY2021-Q1MitigatedAnnual report
「Regarding the response to COVID-19 and its impact on business activities, the shift to telework in many business areas has reduced risks to business continuity. However, business support that is difficult to provide remotely remains subject to possible temporary order delays, particularly in some operations in the automotive, social infrastructure, and robotics/AI fields.」
Although the risk of order delays due to COVID-19 remains, the shift to telework has reduced business continuity risks in many business areas. - FY2020MaterialisedAnnual report
「However, if the state of emergency continues and the situation in which meetings with customers to launch new projects remain difficult is not lifted for an extended period, there is a risk that utilization will decline further.」
The COVID-19 pandemic has dramatically changed the business environment. The company has, for the first time, separately described difficulties in meeting with customers, delays, temporary suspensions and delivery postponements for new projects, and the risk of lower utilization.