Impact of the COVID-19 Pandemic on Operations, Demand and Financial Results
First written in FY2020. 2 of 8 entries say "Mitigated", first in FY2022-Q3. Latest entry: FY2024.
The whole theme swung hardest in 2020: 102 of 175 companies on the "Worse" side.
- FY2024MitigatedAnnual report
「As restrictions on social and economic activity associated with the spread of COVID-19 were eased, the economy remained on a gradual recovery trend on both the demand and supply sides.」
The company explains that easing restrictions on social and economic activity related to COVID-19 reduced the previous impact on operations and demand. - FY2022-Q3MitigatedAnnual report
「Although market conditions recovered from the impact of COVID-19 compared with the previous consolidated fiscal year,」
In the functional paper business, market conditions recovered compared with the previous fiscal year, which was affected by COVID-19, partially easing the impact of COVID-19 on demand. Meanwhile, the contraction of existing businesses continued. - FY2022-Q2Recovery by business and continuing impact of COVID-19Annual report
「Although market conditions recovered from the impact of COVID-19 compared with the previous fiscal year, existing businesses continued to contract, leaving revenue largely in line with the same period of the previous year.」
Market conditions in the functional paper business recovered from the previous fiscal year, but the impact of COVID-19 and the contraction of existing businesses remained, leaving revenue largely in line with the same period of the previous year. - FY2022-Q1Recovery by business and continuing impact of COVID-19Annual report
「Business activity was sluggish during the first quarter of the previous fiscal year due to the impact of COVID-19. During the first quarter of the current fiscal year, the recovery trend in sales volumes that began in the second half of the previous consolidated fiscal year continued, while existing businesses contracted and the impact of COVID-19 on overseas operations intensified,」
Sales volumes of toner and other products continued to recover from the previous year's COVID-19-related downturn, while the impact of COVID-19 continued in the functional paper and security media businesses. - FY2021-Q3Demand recovery amid continuing impactAnnual report
「For the nine months ended the third quarter, the company made accounting estimates, including the recoverability of deferred tax assets and impairment accounting for fixed assets, based on the fact that, although the impact of COVID-19 continued from the assumptions made at the end of the previous consolidated fiscal year, demand had begun to recover gradually by product category and region.」
Although the impact of COVID-19 continued, the assumptions have changed to reflect the gradual start of a recovery in demand by product category and region. - FY2021-Q2WorsenedAnnual report
「The impact of COVID-19 included an estimated decrease of approximately ¥3,000 million in revenue and a decrease of approximately ¥800 million in operating income in the figures above.」
The impact of COVID-19 continued during the six months ended the second quarter and was quantified as an approximately ¥3,000 million decrease in revenue and an approximately ¥800 million decrease in operating income. The company also cited continuing lockdowns in key markets and stagnation in economic activity. - FY2021-Q1MaterialisedAnnual report
「The stagnation of economic activity in key markets resulting from the spread of COVID-19 had a significant impact on the group's performance. Revenue was ¥7,051 million, a year-on-year decrease of ¥606 million, or 7.9%.」
Economic stagnation in key markets continued during the quarter and was reflected in lower revenue. The company reported lower sales of toner, electronic materials and functional paper due to the impact of COVID-19, as well as lockdowns and other factors. - FY2020First statedAnnual report
「Business activities were constrained by the temporary suspension of operations at manufacturing sites in China in response to the spread of COVID-19, as well as restrictions on movement and lockdowns in key markets, resulting in substantial declines in revenue and profit in the plastics materials processing and paper and coated paper-related businesses.」
The temporary suspension of operations at manufacturing sites in China and restrictions on movement and lockdowns in key markets occurred in practice and were reflected in lower revenue and profit. The company states that the impact on the following consolidated fiscal year remains subject to considerable uncertainty.