Demand, Supply and Operational Risks from COVID-19
First written in FY2020. 5 of 11 entries say "Restated". Latest entry: FY2024-Q3.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024-Q3MitigatedAnnual report
「Store sales in the Apparel Business for Everyday Life have been improving following the complete removal of restrictions on movement accompanying the reclassification of COVID-19 as a Class 5 disease.」
The disclosure states that store sales have been improving following the reclassification of the infectious disease as a Class 5 disease and the complete removal of restrictions on movement. - FY2023-Q2RestatedAnnual report
「However, the outlook remains uncertain amid concerns over the impact of a renewed spread of infections caused by new variants, a sharp depreciation of the yen due to rising US interest rates, soaring resource prices due to the prolonged situation in Ukraine, and weak personal consumption resulting from rising prices.」
The disclosure continues to describe an uncertain operating environment, including concerns about the renewed spread of COVID-19 and new variants. - FY2023-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, the Japanese economy continued to face conditions requiring caution regarding downside risks arising from higher geopolitical risks, including the situation in Ukraine, rising raw material prices, volatility in the financial and capital markets, and supply-side constraints, although the decline in COVID-19 cases had begun to point toward an economic recovery. With renewed spread of the infection also a current concern, uncertainty remained high and the situation continued to demand close attention.」
The disclosure continues to identify renewed spread of the infection, geopolitical risks, raw material prices, financial markets and supply constraints as sources of uncertainty, while referring to the decline in cases and signs of an economic recovery. - FY2022-Q3WorsenedAnnual report
「Meanwhile, new, highly transmissible variants have been spreading, and the economic outlook remains uncertain.」
The disclosure identifies the spread of new, highly transmissible variants as a new source of uncertainty and states that uncertainty about the economic outlook continues. - FY2022-Q2RestatedAnnual report
「The difficult situation continued, as the reissuance of states of emergency and the application of priority preventive measures significantly restricted social and economic activity. Although there are currently expectations that COVID-19 vaccinations will be effective, the outlook remains uncertain.」
The disclosure continues to identify the reissuance of states of emergency and other measures related to COVID-19, restrictions on social and economic activity, and uncertainty about the outlook as risks. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, the Japanese economy was significantly affected by economic activity being disrupted by intermittent states of emergency and priority preventive measures in some regions due to the renewed spread of COVID-19. At the same time, there were positive signs, including the start of vaccinations, but the economic outlook remained uncertain.」
The disclosure continues to describe the renewed spread of COVID-19, the impact of states of emergency and other measures on economic activity, and uncertainty about the outlook. - FY2021RestatedAnnual report
「The Fujibo Group's principal products broadly comprise consumable materials, intermediates, raw materials and components used by customers to manufacture products, and final consumer goods such as innerwear. The former may affect the Fujibo Group's operating performance and financial position if customers reduce or suspend production due to the impact of urban lockdowns or other measures resulting from the spread of infectious diseases such as COVID-19. The latter may affect sales and other aspects of operating performance if major customers, including department stores and mass retailers, reduce or suspend operations.」
The disclosure continues to identify the risks of customers reducing or suspending production and department stores and mass retailers reducing or suspending operations due to infectious diseases, and describes measures including working from home, travel restrictions and social distancing. - FY2021-Q3WorsenedAnnual report
「The earnings environment for the Textile Business became difficult as consumers continued to refrain from certain activities and inbound demand continued to decline amid the renewed spread of COVID-19.」
The disclosure states that continued restraint in consumption and declining inbound demand resulting from the renewed spread of infectious disease have left the earnings environment for the Textile Business difficult. - FY2021-Q2MaterialisedAnnual report
「Although business activities in the Textile Business gradually resumed following the lifting of the state of emergency related to COVID-19, the earnings environment remained difficult as consumers continued to refrain from certain activities and inbound demand continued to decline.」
Continued consumer restraint in response to COVID-19 and declining inbound demand have had an actual impact on the earnings environment of the Textile Business. - FY2021-Q1MaterialisedAnnual report
「The Textile Business faced difficult conditions as the rapidly expanding impact of COVID-19 affected physical stores through factors including requests for households to refrain from going out and a substantial decline in inbound demand.」
Requests to refrain from going out and a substantial decline in inbound demand due to COVID-19 have had an actual impact on demand and sales in the Textile Business, which is centered on physical stores. - FY2020First statedAnnual report
「The former may affect the Fujibo Group's operating performance and financial position if customers reduce or suspend production due to the impact of urban lockdowns or other measures resulting from the spread of infectious diseases such as COVID-19. The latter may affect sales and other aspects of operating performance if major customers, including department stores and mass retailers, reduce or suspend operations.」
COVID-19 was identified explicitly as a standalone major risk for the first time. The disclosure cites the potential impact of customers reducing or suspending production and department stores and mass retailers reducing or suspending operations, while actual results reflected a sharp decline in textile demand, delays in the arrival of raw materials from China, and urban lockdowns overseas.