Impact of the COVID-19 pandemic on demand, supply and financial performance
First written in FY2020. 4 of 13 entries say "Softened", first in FY2021. Latest entry: FY2024-Q1.
Fuji Oil 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: 102 of 175 companies on the "Worse" side.
16 other companies' latest entry also says "Softened".
- FY2024-Q1SoftenedAnnual report
「In Japan, the yen continued to depreciate and food prices rose as monetary easing continued. However, business conditions remained solid, partly because accommodation and food-service businesses recovered significantly as the flow of people recovered and the number of foreign tourists increased with the transition to the post-COVID period, while increases in raw material prices paused.」
The lodging and food service industries are said to have recovered as society shifted to the post-COVID period, mobility recovered and the number of foreign tourists increased, while the emphasis on COVID-19-related demand and business impacts has weakened from the previous fiscal year. - FY2023-Q3RestatedAnnual report
「During the first nine months of the current fiscal year, the global economy saw progress toward the normalization of economic activity from the impact of COVID-19, although」
The company continues to recognize that economic activity has been normalizing from the effects of the pandemic, with no major change from the previous quarter's emphasis on the direct impact of lockdowns. - FY2023-Q2SoftenedAnnual report
「During the first half of the current fiscal year, the global economy saw progress toward the normalization of economic activity from the impact of COVID-19, although」
The company now explains that economic activity has been normalizing despite the continued backdrop of COVID-19, placing less emphasis on the direct impact on results from lockdowns and other measures than in the previous quarter. - FY2023-Q1MaterialisedAnnual report
「Operating profit declined due to lower profitability caused by rising raw material prices, as well as the impact of lockdowns and other factors associated with the spread of COVID-19 in China.」
The impact of COVID-19 continued to materialize in the current quarter as lower profit in the emulsifying and fermentation materials business due to lockdowns in China. - FY2022SoftenedAnnual report
「Our group continues to prepare its accounting estimates for fiscal 2022 based on the assumption that COVID-19 will have no significant impact.」
Although variants and supply chain disruptions remain, the company has shifted to the accounting assumption that the pandemic will have no significant impact in fiscal 2022. - FY2022-Q3WorsenedAnnual report
「During the nine-month period ended this quarter, economic activity resumed and sentiment recovered, but the global economic outlook remained uncertain due to the spread of COVID-19 variants, supply chain disruptions, and advancing global inflation, including rising raw material prices.」
While vaccination and the reopening of economic activity are supporting recovery, the spread of variants, supply chain disruptions and rising inflation continue, prolonging business-environment risks related to COVID-19. - FY2022-Q2RestatedAnnual report
「During the second quarter of the current fiscal year, COVID-19 infections spread again, but demand recovered as countries worked to reopen economic activity against the backdrop of wider vaccine availability.」
The company continues to recognize that, while infections are spreading again, demand is recovering as vaccinations progress and economic activity resumes. - FY2022-Q1Regional recoveries coexist with renewed lockdownsAnnual report
「During the first quarter of the current fiscal year, the global economy recovered only gradually, varying by region and industry, as vaccination against COVID-19 progressed while some countries and regions once again implemented measures such as lockdowns.」
The company explains that, while vaccination and demand recovery are progressing, some regions have reintroduced lockdowns, resulting in uneven recovery speeds. - FY2021SoftenedAnnual report
「Our group has prepared its accounting estimates based on the assumption that COVID-19 will have no significant impact in fiscal 2021.」
Although the impact of the pandemic continues, the company has adopted the accounting assumption that there will be no significant impact in fiscal 2021, taking into account the start of vaccinations and the recovery of economic activity. - FY2021-Q3WorsenedAnnual report
「Our group has also been significantly affected by declining inbound demand and weak demand in the domestic souvenir market, while overseas markets in Europe, the United States and Southeast Asia, excluding the relatively robust Chinese market, have been heavily affected by strict lockdowns.」
The impact of COVID-19 has continued and expanded through declining domestic inbound and souvenir demand and stagnating markets caused by lockdowns in Europe, the United States and Southeast Asia. - FY2021-Q2WorsenedAnnual report
「However, at the end of the second quarter of the current fiscal year, after reconsidering the future impact of COVID-19 based on available information and other factors, we changed our assumption to one in which the global economy would continue to recover gradually from the third quarter of the current fiscal year (October–December 2020), but at a slow pace, with this trend continuing through the end of fiscal 2020.」
The assumption that the impact of COVID-19 would be resolved from the third quarter onward has been changed to one in which a slow recovery will continue through the end of fiscal 2020. The company also notes the impact of the renewed spread of infections in Europe, the closure of retail stores in Brazil and the decline in domestic inbound demand. - FY2021-Q1MaterialisedAnnual report
「Under these circumstances, our group has been significantly affected in both domestic and overseas markets. During the first quarter of the current fiscal year, results were significantly affected in the domestic market by declining inbound demand, and in overseas markets by the closure of retail stores in Brazil and the downturn in Europe caused by restrictions on movement.」
The impact of COVID-19 on domestic and overseas markets has appeared in actual results through declining inbound demand, the closure of retail stores in Brazil and the downturn in the European market caused by restrictions on movement. - FY2020First statedAnnual report
「During the current fiscal year, operating profit decreased by ¥400 million due to the temporary suspension of factory operations in China, while the impact in other regions was limited.」
The company identifies lockdowns, declining demand, factory shutdowns, and impacts on raw materials, logistics and customers resulting from the spread of COVID-19 as new significant risks, and explains that the ¥400 million decline in operating profit caused by the suspension of its Chinese factory actually occurred.