Business and Supply Chain Impacts of the Global Spread of COVID-19
First written in FY2020. 6 of 13 entries say "Restated". Latest entry: FY2024.
7 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「However, the reform remains a work in progress due to the COVID-19 pandemic,」
Although delays in the reform caused by COVID-19 continue to be explained, no figures quantifying the impact of a new infection or any additional events have been presented. - FY2023-Q3RestatedAnnual report
「There have been no material changes to the assumptions, including those concerning the future spread of COVID-19 and the timing of its containment, described in the securities report for the previous consolidated fiscal year under Additional Information (Accounting Estimates Regarding the Impact of the COVID-19 Pandemic).」
The company continues to state that there have been no material changes to the accounting assumptions concerning the spread of COVID-19 and the timing of its containment, among other matters. - FY2023-Q2RestatedAnnual report
「There have been no material changes to the assumptions, including those concerning the future spread of COVID-19 and the timing of its containment, described in the securities report for the previous consolidated fiscal year under Additional Information (Accounting Estimates Regarding the Impact of the COVID-19 Pandemic).」
It states that there have been no material changes to the accounting assumptions concerning the spread of COVID-19 and the timing of its containment, among other matters. - FY2023-Q1RestatedAnnual report
「There have been no material changes to the assumptions, including those concerning the future spread of COVID-19 and the timing of its containment, described in the securities report for the previous consolidated fiscal year under Additional Information (Accounting Estimates Regarding the Impact of the COVID-19 Pandemic).」
It states that there have been no material changes to the accounting assumptions concerning the spread of COVID-19 and the timing of its containment, among other matters. - FY2022RestatedAnnual report
「Going forward, further spread of infections caused by a new variant could occur, and economic activity could again stagnate significantly as a result of strict restrictions on movement.」
While indicating that the impact of the infectious disease may ease, the company continues to recognize new variants, restrictions on activity, supply chain disruptions, fluctuations in demand, and impacts on inventory valuation as risks. - FY2022-Q3The coexistence of expectations for easing infection-related impacts and the risk posed by the Omicron variantAnnual report
「Although the outlook contained downside risks from supply constraints, raw material price trends and the impact on domestic and overseas economies of explosive spread of infections such as the Omicron variant, economic conditions were expected to recover due to the effects of various policies and improvement in overseas economies.」
While the difficult economic environment caused by infections was expected to ease and a recovery in economic conditions was anticipated, explosive spread of infections such as the Omicron variant, supply constraints and raw material prices were also listed as downside risks. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter of the current fiscal year, the Japanese economy remained in a difficult situation due to the impact of COVID-19, and signs of a recovery weakened. Although the outlook contained downside risks from impacts through supply chains resulting from infection trends in Japan and overseas」
The company continues to recognize the difficult economic environment caused by COVID-19 and downside risks to supply chains arising from infection trends. - FY2022-Q1The coexistence of continued activity restrictions amid a resurgence of infections and improved business performanceAnnual report
「In the electronics industry to which the group belongs, investment is expected to expand in digital-related markets driven by digitalization, including 5G (fifth-generation mobile communications systems), IoT (Internet of Things) and AI (Artificial Intelligence), as well as in renewable energy-related markets for a decarbonized society, referred to below as green-related markets. At the same time, supply shortages of semiconductors and other products are intensifying, and concerns such as customer production adjustments and higher procurement prices have left the situation uncertain.」
Even amid continued activity restrictions due to a resurgence of infections, expectations for demand in digital and green markets coexist with concerns over supply shortages and production adjustments. - FY2021MitigatedAnnual report
「However, from the second quarter, despite the continued weakness in office equipment, delays in the battery business and development projects, business performance recovered sharply due to factors including increases from special and pull-forward demand in the liquid crystal field and increased demand for volume businesses, such as automotive equipment, in the semiconductor and liquid crystal fields.」
Although reduced core demand and delays in some businesses due to the COVID-19 pandemic remain, special demand, pull-forward demand and automotive demand provided an offset, and the disclosure states that the impact on full-year performance was absorbed by the recovery. - FY2021-Q3MitigatedAnnual report
「The group's business performance during the cumulative third quarter of the current fiscal year remained solid, as increased demand for volume businesses, including the recovery in demand for automotive equipment, offset businesses serving markets struggling amid the COVID-19 pandemic and delayed businesses, with no impact at this stage.」
Although markets struggling amid the COVID-19 pandemic and delayed businesses remain, increased demand, including automotive demand, provided an offset, and the disclosure states that there was no impact on group performance for the quarter at this stage. - FY2021-Q2MitigatedAnnual report
「The group's business performance during the cumulative second quarter of the current fiscal year remained solid, as mass production of new businesses and increased pull-forward demand offset the businesses serving underperforming markets, with no impact at this stage.」
Although stagnation of corporate activity due to COVID-19 and weakness in some markets continued, mass production of new businesses and pull-forward demand provided an offset, and the disclosure states that there was no impact on group performance at this stage. - FY2021-Q1MaterialisedAnnual report
「(Overseas) During the cumulative first quarter, sales declined to ¥547 million, down 57.6% year on year, due to the slowdown in customers' production resulting from strong infection-control measures, including lockdowns. The segment posted a loss of ¥14 million, compared with segment profit of ¥14 million in the same quarter of the previous year.」
Lockdowns and stagnation of customers' production activity due to COVID-19 actually resulted in a significant decline in overseas sales and segment losses. - FY2020First statedAnnual report
「Entering the fourth quarter, economic activity, including production and consumption, stagnated due to the global spread of the novel coronavirus disease, or COVID-19, increasing uncertainty about the outlook and raising concerns about a downturn.」
The stagnation of economic activity, supply chain disruption, customer revisions to production plans and inventory disposal resulting from the global spread of COVID-19 were disclosed for the first time as standalone risks, and impacts on business performance for the current period also occurred.