Risks to Business Activity, Demand and Financing from COVID-19
First written in FY2020. 6 of 15 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2025.
Tokyo Electron Device Limited 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 2025: 3 of 11 companies on the "Worse" side.
7 other companies' latest entry also says "Dropped".
- FY2025DroppedAnnual report
「The Group is taking measures such as formulating business continuity plans and conducting disaster-preparedness drills in preparation for disasters such as earthquakes. However, if an unforeseen major earthquake, flood or other natural disaster occurs, the Group's business performance could be affected by a full or partial suspension of operations, or by the impairment of production and logistics functions at suppliers and customers.」
The demand, activity and financing risks from COVID-19, previously disclosed separately under business risks, could not be identified in the FY2025 disclosure and have been consolidated into general business continuity risks, such as natural disasters. - FY2024-Q2RestatedAnnual report
「Although factors such as the prolonged situation in Ukraine, concerns over China’s economic outlook, elevated resource prices and rising prices weighed on the economy, the Japanese economy during the cumulative second-quarter consolidated period showed signs of recovery as economic activity picked up following the reclassification of COVID-19 as a Class 5 infectious disease.」
The disclosure indicates increased economic activity and a recovery in business sentiment following the reclassification of COVID-19 as a Class 5 infectious disease, with the impact of the previous activity restrictions continuing to ease. - FY2024-Q1MitigatedAnnual report
「The Japanese economy during the cumulative first quarter of the current fiscal year saw increased economic activity and a recovering business climate following the reclassification of COVID-19 as a Class 5 infectious disease.」
The disclosure indicates that economic activity increased following the reclassification of COVID-19 as a Class 5 infectious disease, partially mitigating the impact of the previous activity restrictions. - FY2023MitigatedAnnual report
「The Japanese economy during the current fiscal year's consolidated accounting period showed signs of recovery as social activity normalized following the easing of restrictions on behavior related to COVID-19, although …」
The disclosure indicates that the easing of restrictions on behavior and normalization of social activity related to COVID-19 partially mitigated the impact of the previous activity restrictions. However, uncertainty about the economic outlook continued. - FY2023-Q3MitigatedAnnual report
「The Japanese economy during the cumulative third quarter of the current fiscal year continued to show signs of recovery as social activity normalized following the easing of restrictions on behavior related to COVID-19.」
Although the impact of COVID-19 remained, social activity continued to normalize as restrictions on behavior were eased, and the economy continued to recover. - FY2023-Q2MitigatedAnnual report
「The Japanese economy during the cumulative second-quarter consolidated period showed signs of recovery as social activity normalized with the easing of restrictions on activity related to the COVID-19 pandemic. However, the outlook for the economy remained uncertain due to the prolonged situation in Ukraine, surging resource prices and the rapid and substantial depreciation of the yen.」
The disclosure states that restrictions on behavior were eased and social activity normalized in relation to COVID-19, partially mitigating the impact of the previous restrictions on economic activity. - FY2023-Q1MitigatedAnnual report
「With the end of the priority preventive measures to prevent the spread of COVID-19, social activity gradually returned to normal and continued to show signs of recovery.」
Although the impact of COVID-19 continued, social activity normalized following the end of the priority preventive measures to prevent the spread of infection, indicating a recovery in the economic environment. - FY2022MitigatedAnnual report
「Although it is expected to take time for society to settle after the COVID-19 pandemic, the impact on the group's results is expected to be limited.」
The disclosure changed to state that, although restrictions on economic activity would continue, the impact on results for the fiscal year ending March 2023 was expected to be limited. - FY2022-Q3MaterialisedAnnual report
「The Japanese economy during the cumulative third-quarter consolidated period showed signs of recovery as manufacturing earnings improved against a backdrop of a recovering global economy, despite repeated restrictions on and easing of economic activity due to the COVID-19 pandemic.」
Although the impact of COVID-19 continued through repeated restrictions and easing of economic activity, signs of recovery also emerged in the business environment through improved manufacturing profitability and increased semiconductor and IT demand. - FY2022-Q1MaterialisedAnnual report
「The group's results for the cumulative first quarter of the current fiscal year were net sales of ¥41,009 million, up 44.1% year on year, operating income of ¥1,459 million, up 140.3%, and ordinary income of ¥1,195 million, up 78.6%.」
Although the impact of COVID-19 continued, demand for storage and security associated with remote work remained firm, and the recovery in semiconductor demand also contributed to an improvement in consolidated results from the same period of the previous year. - FY2021MaterialisedAnnual report
「Demand for storage and security products increased as remote work expanded during the COVID-19 pandemic. However, the termination of the sales agency agreement with a major business partner in March 2020 also affected results, resulting in revenue from external customers of ¥23,933 million, down 5.2% year on year, for the consolidated fiscal year. Segment profit (ordinary profit) nevertheless increased 4.9% to ¥2,834 million, supported by strong operations and maintenance services accompanying sales of network and storage-related products.」
The pandemic led to increased demand for storage and security through remote work, while its impact, together with the termination of a sales agency agreement, appeared in full-year results as a decline in product sales. - FY2021-Q3MaterialisedAnnual report
「The Japanese economy during the cumulative third quarter of the current fiscal year remained in a difficult situation. Although signs of recovery from the decline caused by COVID-19 were evident, the outlook remained uncertain due to the resurgence of infections. Demand for storage and security products continued to increase as the use of remote work expanded during the pandemic.」
Although the impact of COVID-19 continued through the economic downturn and uncertainty caused by the resurgence of infections, it also led to increased demand for storage and security as remote work expanded. - FY2021-Q2MaterialisedAnnual report
「Due mainly to the decline in consumption caused by COVID-19 and lower factory operating rates in the manufacturing sector, including sluggish sales of products for automotive and office automation equipment, net sales for the cumulative second quarter of the current fiscal year were ¥51,475 million, down 5.2% year on year, and segment profit (ordinary income) was ¥221 million, down 50.3% year on year.」
The impact of COVID-19 continued to materialize in lower consumption, lower factory operating rates in manufacturing, sluggish sales of products for automotive and office automation equipment, and lower revenue and profit in the semiconductor and electronic devices business. Meanwhile, demand for storage and security increased with the use of remote work. - FY2021-Q1MaterialisedAnnual report
「For the three months ended 30 June, the Group's net sales amounted to ¥28,458 million, down 12.8% year on year, and operating income was ¥607 million, down 15.2%. The computer systems-related business remained solid as corporate IT investment increased in response to the COVID-19 pandemic, while demand for semiconductors remained low in the semiconductor and electronic device business, which was also affected by the termination of a sales agency agreement with a major business partner. However, ordinary income rose 2.4% to ¥669 million and profit attributable to owners of the parent rose 8.0% to ¥433 million, owing mainly to the recognition of foreign exchange gains.」
COVID-19 generated demand through increased IT investment, while also appearing in actual business conditions as weak semiconductor demand, lower sales and operating income, and a deterioration in the capital investment environment. - FY2020First statedAnnual report
「The impact of COVID-19 has forced people to reconsider their lifestyles and working environments. As various measures are being implemented to address challenges related to working remotely and the sharing and processing of information, the technologies that companies are expected to require in the future, known as Digital Transformation Technology, may include the following.」
In the FY2020 filing, COVID-19 was addressed in detail for the first time as an independent operating environment and business continuity factor. While stating that its impact on FY2020 results was limited, the filing notes that restrictions on activities, weak demand, bad debts, logistics disruptions and financing impacts could become more severe and prolonged.