Risk of a global economic slowdown due to the spread of COVID-19
First written in FY2020-Q3. 6 of 14 entries say "Materialised", first in FY2020. Latest entry: FY2024-Q2.
Daio Paper 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 2020: 112 of 175 companies on the "Worse" side.
56 other companies' latest entry also says "Mitigated".
- FY2024-Q2MitigatedAnnual report
「The normalization of economic activity following the reclassification of COVID-19 as a Category 5 infectious disease led to signs of recovery in personal consumption, inbound demand and capital investment.」
The disclosure describes the normalization of economic activity following the reclassification of COVID-19 as a Category 5 infectious disease, along with signs of recovery in personal consumption and other areas. - FY2024-Q1MitigatedAnnual report
「While economic activity is moving toward normalization following the easing of activity restrictions related to COVID-19 and the change in its classification under the Infectious Diseases Control Law to Category 5,」
The disclosure states that the risk of economic stagnation caused by the pandemic has eased to some extent due to the easing of activity restrictions and the change in classification to a Category 5 infectious disease under the Infectious Diseases Control Law. - FY2023-Q2MitigatedAnnual report
「Domestic demand for paperboard and corrugated packaging is recovering from the pandemic, and sales volume remained firm.」
The disclosure states that domestic demand for paperboard and corrugated packaging is recovering with respect to the risk of economic stagnation caused by the pandemic, indicating that the impact has eased to some extent. - FY2023-Q1MitigatedAnnual report
「Although activity restrictions related to COVID-19 have been eased and economic activity is showing increasing signs of normalization,」
The easing of activity restrictions and signs of economic normalization indicate that the risk of economic stagnation caused by the pandemic has eased to some extent. Meanwhile, the outlook for the economy remains extremely uncertain. - FY2022MaterialisedAnnual report
「During the current consolidated fiscal year, the domestic economy was subject to prolonged restrictions on various economic activities as COVID-19 repeatedly subsided temporarily and then resurged due to the emergence of variants, while states of emergency and priority preventive measures were issued intermittently.」
The resurgence of the pandemic and the emergence of variants resulted in continued restrictions on economic activity throughout the fiscal year, materializing as lower demand for paper products and lower sales at overseas sites. - FY2022-Q3RestatedAnnual report
「In the overseas business, activity restrictions related to the COVID-19 pandemic continued in Thailand, Indonesia and Brazil, where the Group has major production bases, while soaring pulp and packaging material prices also had an impact. As a result, profit declined substantially from the initial plan.」
The impact of the pandemic continues at overseas sites in the form of activity restrictions and lower profits. The disclosure describes the continuation of an existing risk, rather than the emergence of a new risk. - FY2022-Q2MaterialisedAnnual report
「In Southeast Asian countries, sales of the core baby diaper business were significantly affected by activity restrictions and requests to refrain from going out due to the pandemic. Although the company promoted sales of products in other categories in Thailand, sales value in Thailand and Indonesia fell below the same quarter of the previous year.」
Activity restrictions and requests to refrain from going out due to COVID-19 materialized as a decline in sales value in Thailand and Indonesia. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, the domestic economy showed signs of recovery following the start of COVID-19 vaccinations. However, the spread of infections continued, with the extension of priority preventive measures and the reissuance of a state of emergency, leaving the outlook for the economy still uncertain.」
While acknowledging signs of recovery from vaccinations, the company reconfirmed that the economic outlook remains uncertain due to the spread of infections, priority preventive measures and the state of emergency. - FY2021WorsenedAnnual report
「In addition, highly transmissible variants are spreading, and it is currently difficult to predict when the pandemic will subside.」
The disclosure was updated to include the spread of variants and the difficulty of predicting when the pandemic will subside. Declines in demand for paper products and event and advertising demand are also continuing. - FY2021-Q3MaterialisedAnnual report
「Domestic demand for paper products, particularly for use in flyers, fell sharply due to the impact of economic stagnation caused by the pandemic.」
The spread of COVID-19 continues to materialize as a decline in domestic demand for paper products. Meanwhile, demand for tissue products, wet wipes and masks is increasing. - FY2021-Q2MaterialisedAnnual report
「The company maintained selling prices for paper products excluding newsprint by adjusting production of printing paper and other products to address the decline in demand for flyers for travel, events and other activities during the pandemic, and the decline in demand for copy paper and other products due to the expansion of working from home and school closures. However, sales volume and value both fell below the same quarter of the previous year.」
The spread of COVID-19 materialized as lower advertising demand for travel and events and lower demand for documents due to working from home and school closures, with sales volume and value for paper products falling below the same period of the previous year. - FY2021-Q1MaterialisedAnnual report
「Sales volume and value for paper products excluding newsprint fell below the same quarter of the previous year, due to lower advertising demand for travel, events and other activities following the spread of COVID-19, as well as reduced demand for documents resulting from the expansion of working from home and school closures.」
The spread of COVID-19 materialized as declines in advertising demand, demand for documents, and sales volume and value for paper products. - FY2020MaterialisedAnnual report
「In addition, sales volume fell below the same period of the previous year because the spread of COVID-19 led to a significant decline in event and advertising demand as economic activity contracted.」
The spread of COVID-19 materialized as declines in event and advertising demand and sales volume for paper products. The disclosure also describes increased demand for tissue products, a review of production and logistics systems, and the impact on accounting estimates. - FY2020-Q3First statedAnnual report
「However, the outlook remains uncertain due to the impact of a slowdown in the global economy caused by the prolonged US-China trade tensions, the spread of COVID-19 and worsening conditions in the Middle East.」
The Company identified the spread of COVID-19 for the first time as a new external risk that could lead to a slowdown in the global economy and increased uncertainty about the outlook.