Impact of COVID-19 on demand and supply chains
First written in FY2020-Q3. 8 of 17 entries say "Mitigated", first in FY2021-Q3. Latest entry: FY2024.
Jichodo 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: 5 of 16 companies on the "Worse" side.
19 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「COVID-19 was reclassified as a Class 5 disease, and social and economic activity is expected to move further toward normalization.」
The company states that social and economic activity moved toward normalization as COVID-19 was reclassified as a Class 5 disease, and that the previous impact of activity restrictions and demand-side factors is easing. - FY2024-Q2MitigatedAnnual report
「As COVID-19 was reclassified as a Class 5 disease, social and economic activity moved further toward normalization, while」
The company states that social and economic activity moved further toward normalization as COVID-19 was reclassified as a Class 5 disease, and that the impact on demand from the previous activity restrictions is easing. - FY2024-Q1MitigatedAnnual report
「As COVID-19 was reclassified as a Class 5 disease, economic and social activity moved toward normalization and the economy showed a gradual recovery」
The company states that economic and social activity moved toward normalization as COVID-19 was reclassified as a Class 5 disease, and that the previous impact of activity restrictions and demand-side factors has eased to some extent. - FY2023MitigatedAnnual report
「Various measures to address COVID-19 progressed, and socioeconomic activity moved toward normalization as activity restrictions were eased and COVID-19 was reclassified as a Class 5 disease in May 2023.」
The company states that socioeconomic activity moved toward normalization as responses to the pandemic progressed, COVID-19 was reclassified as a Class 5 disease and activity restrictions were eased. At the same time, it continues to disclose the potential impact of the pandemic as a business and other risk. - FY2023-Q3MitigatedAnnual report
「During the nine months ended the third quarter, Japan's economy showed signs of a gradual recovery as efforts to balance COVID-19 measures with socioeconomic activity progressed and inbound consumption improved.」
The company states that the impact on the demand environment eased to some extent as efforts to balance COVID-19 measures with socioeconomic activity progressed and inbound consumption improved. - FY2023-Q2Relaxed Activity Restrictions Alongside Supply DisruptionsAnnual report
「During the six months ended the second quarter, Japan's economy saw progress in easing activity restrictions related to COVID-19 and signs of normalization in socioeconomic activity toward living with and moving beyond COVID-19. Meanwhile, unstable supply conditions continued due to production and logistics disruptions resulting from responses to China's zero-COVID policy.」
While activity restrictions were eased and socioeconomic activity normalized, production and logistics disruptions stemming from China's zero-COVID policy continued to affect supply. - FY2023-Q1MitigatedAnnual report
「As delivery delays caused by China's zero-COVID policy and other factors left products incomplete, making deliveries to distributors and users difficult, the company minimized the impact of delivery delays through its ample inventories and was able to meet demand brought forward ahead of price increases.」
Although delivery delays in China caused by its pandemic-control policies occurred, the company explains that its ample inventories minimized the impact and enabled it to meet demand brought forward. - FY2022MitigatedAnnual report
「During the consolidated fiscal year, the spread of COVID-19 caused some divergence from the demand forecasts described in section 2, Business and Other Risks, but had no significant impact. Overseas production was also temporarily affected by disruptions to port operations related to imports and exports due to COVID-19, resulting in some impact on the import and export of materials and products, but the situation did not have a material impact on operating results.」
The company explains that although divergences in demand forecasts and disruptions to port operations occurred, they did not result in a situation that had a material impact on operating results. - FY2022-Q3WorsenedAnnual report
「Corporate uniform replacement demand, which had temporarily shown signs of recovery, has weakened again due to the renewed spread of COVID-19, stagnation in economic and corporate activity, and the impact of semiconductor shortages on corporate production.」
The impact of the renewed spread of infections due to the Omicron variant and other factors has again become apparent in the form of stagnant corporate activity and another downturn in demand for corporate uniform replacements. - FY2022-Q2WorsenedAnnual report
「The Omicron variant, a new variant, is currently spreading rapidly worldwide, and it remains impossible to foresee when the COVID-19 pandemic will subside.」
Even after the lifting of declarations of a state of emergency and other measures, the company identifies the rapid global spread of the Omicron variant and the inability to foresee the end of the pandemic as new concerns. - FY2022-Q1WorsenedAnnual report
「Orders for original uniforms from user companies were repeatedly reduced or postponed due to the impact of economic stagnation resulting from extensions and regional expansions of the declaration of a state of emergency, among other factors.」
The stagnation of corporate activity and reductions or postponements in order quantities for corporate uniforms continued during the current quarter due to the spread of infections and declarations of a state of emergency, among other factors. - FY2021MaterialisedAnnual report
「From mid-May 2021, both corporate and consumer demand deteriorated sharply.」
Corporate and consumer demand actually deteriorated sharply due to the resurgence of infections, the declaration of a state of emergency and the Delta variant, among other factors. - FY2021-Q3MitigatedAnnual report
「In the workwear industry, corporate demand for workwear recovered compared with the previous year as user companies' business performance recovered, and replacement demand increased, particularly from the beginning of the year.」
The company states that corporate demand and replacement demand recovered against a backdrop of improved performance at user companies, indicating that the impact of COVID-19 on demand has eased to some extent. - FY2021-Q2WorsenedAnnual report
「In the workwear industry, uncertainty about the outlook has made user companies more conservative in capital investment and expense spending. Companies have postponed corporate uniform replacements and reduced order quantities, while the spread of COVID-19 has had a significant impact.」
The impact of the spread has continued to appear on the demand side in the form of restrained corporate capital investment and expense spending, postponed corporate uniform replacements and reduced order quantities. - FY2021-Q1WorsenedAnnual report
「As corporate activity stagnated amid the second wave of COVID-19 infections, demand for workwear replacement was postponed」
The stagnation of corporate activity accompanying the spread of the second wave of COVID-19 and the postponement of workwear replacement demand have continued, with the impact on demand persisting and worsening. - FY2020MaterialisedAnnual report
「Sales of products supplied to companies struggled as business activity stagnated due to the spread of COVID-19, among other factors.」
Business activity stagnated due to COVID-19, resulting in weak sales of workwear supplied to companies and actual postponements of corporate demand. - FY2020-Q3MaterialisedAnnual report
「The global spread of COVID-19 further disrupted economic activity, which stagnated significantly, and extremely challenging conditions continued. The workwear industry was also significantly affected by the global spread of COVID-19: contract manufacturing plants in China and Southeast Asia temporarily suspended operations, causing delivery delays for some products. There are also concerns that the impact may be prolonged and become entrenched, and the outlook is expected to remain extremely challenging.」
The global spread of COVID-19 actually resulted in economic stagnation, temporary suspensions of operations at contract manufacturing plants and delivery delays, and there are also concerns that the impact may be prolonged and become entrenched.