Risk of COVID-19 impacts on demand and operations
First written in FY2020. 8 of 11 entries say "Restated". Latest entry: FY2023.
4 other companies' latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「Regarding production within the Group, various infection-prevention measures have proven effective, enabling operations to continue without material impact at both domestic and overseas locations.」
The Company states that infection-prevention measures enabled operations to continue at domestic and overseas locations, limiting the business impact of the infection risk compared with previously. However, the possibility of an impact if infections spread remains. - FY2023-Q3RestatedAnnual report
「There were no material changes during the third quarter of the current consolidated cumulative period to the assumptions concerning the impact of the prolonged spread of COVID-19 described under “Significant Accounting Estimates” in the securities report for the previous consolidated fiscal year.」
The Company states that there have been no material changes to the accounting assumptions concerning the impact of a prolonged COVID-19 outbreak. - FY2023-Q2RestatedAnnual report
「There were no material changes during the second quarter of the current consolidated cumulative period to the assumptions concerning the impact of the prolonged spread of COVID-19 described under “Significant Accounting Estimates” in the securities report for the previous consolidated fiscal year.」
The Company states that there have been no material changes to the accounting assumptions concerning a prolonged COVID-19 outbreak. - FY2023-Q1RestatedAnnual report
「There were no material changes during the first quarter of the current consolidated cumulative period to the assumptions concerning the impact of the prolonged spread of COVID-19 described under “Significant Accounting Estimates” in the securities report for the previous consolidated fiscal year.」
The Company states that there have been no material changes to the accounting assumptions concerning the impact of a prolonged COVID-19 outbreak. - FY2022-Q3RestatedAnnual report
「There were no material changes during the third quarter of the current consolidated cumulative period to the assumptions concerning the impact of the spread of COVID-19 described under “Significant Accounting Estimates” in the securities report for the previous consolidated fiscal year.」
The Company states that there have been no material changes to the accounting assumptions concerning the impact of COVID-19. - FY2022-Q2RestatedAnnual report
「There were no material changes during the second quarter of the current consolidated cumulative period to the assumptions concerning the impact of the spread of COVID-19 described under “Significant Accounting Estimates” in the securities report for the previous consolidated fiscal year.」
The Company states that there have been no material changes to the accounting assumptions concerning the impact of COVID-19. - FY2022-Q1RestatedAnnual report
「There were no material changes during the first quarter of the current consolidated cumulative period to the assumptions concerning the impact of the spread of COVID-19 described under “Significant Accounting Estimates” in the securities report for the previous consolidated fiscal year.」
The Company states that there have been no material changes to the accounting assumptions concerning the impact of COVID-19. - FY2021-Q3RestatedAnnual report
「There have been no material changes in the assumptions used in these estimates from those described in the securities report for the previous consolidated fiscal year. The event involves a high degree of uncertainty, and if its impact continues for an extended period, losses may arise in the future.」
The Company states that there have been no material changes to the accounting assumption that the impact of COVID-19 will continue for a certain period of the fiscal year ending March 2021, and continues to disclose the possibility of losses if the impact persists. - FY2021-Q2RestatedAnnual report
「There have been no material changes in the assumptions used in these estimates from those described in the securities report for the previous consolidated fiscal year. The event involves a high degree of uncertainty, and if its impact continues for an extended period, losses may arise in the future.」
The Company continues to use the assumption that the impact of COVID-19 will continue for a certain period of the fiscal year ending March 2021, and continues to state that losses may arise if the impact persists for an extended period. - FY2021-Q1WorsenedAnnual report
「The Japanese economy entered a recessionary phase during the first quarter of the current consolidated cumulative period, as the spread of COVID-19 caused sharp declines in production and sales across a broad range of industries, including automobiles, the disappearance of inbound demand and lower demand against a backdrop of calls for self-restraint. The global economy likewise entered a recessionary phase, as the stagnation of economic activity caused by COVID-19 became apparent and the timing of containment remained uncertain, raising concerns that the impact could spread further and persist for longer.」
The impact of COVID-19 has broadly emerged in the form of recession in the domestic and overseas economies, sharp declines in automobile and other production and sales, the disappearance of inbound demand and lower demand. For accounting purposes, the Company has made estimates based on the assumption that the impact will continue for a certain period of the fiscal year ending March 2021. - FY2020MaterialisedAnnual report
「The spread of COVID-19 could affect the Group's results and financial position through lower sales, reduced operating rates resulting from production cuts, and temporary production stoppages caused by infections among Group employees, among other factors.」
The Company explicitly identified COVID-19 as a new business and other risk. While economic impacts such as lower inbound demand and fewer orders have emerged, it states that, as of the filing date, operations at its domestic and overseas locations have not been materially affected.