Risks to Order Intake and Headquarters Plant Operations Due to the Spread of COVID-19
First written in FY2020-Q3. 7 of 13 entries say "Mitigated", first in FY2020. Latest entry: FY2023.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2023MitigatedAnnual report
「Restrictions on social and economic activity imposed to address COVID-19 were eased, and overall domestic industrial activity moved toward normalization.」
A trend toward normalization of social and economic activity was reported, and the impact of the infection on orders and operations had eased compared with before. Meanwhile, demand declined in the latter half due to soaring prices. - FY2023-Q3MitigatedAnnual report
「As society and economic activity transition to living with COVID-19, the domestic economy is gradually recovering.」
The transition to social and economic activity compatible with living with COVID-19 and the recovery of the domestic economy were reported, while the impact of the spread of COVID-19 on orders and operations had eased compared with before. There were no material changes to the assumptions regarding the impact of the infection. - FY2023-Q1MitigatedAnnual report
「Although concern arose over the impact of the seventh wave of COVID-19 infections from July 2022 onward, demand for paperboard, particularly corrugating medium, remained generally firm.」
Although there were concerns about the seventh wave of COVID-19, paperboard demand remained generally firm, and the impact on orders and operations during the quarter was described as limited. - FY2022MitigatedAnnual report
「To prevent infections within the Company, we have implemented measures including thorough health and safety practices, such as wearing masks, temperature checks and disinfecting hands with alcohol, as well as initiatives to reduce contact with other people.」
The risk to orders and head-office plant operations from the spread of COVID-19 remained, but infection-prevention and contact-reduction measures continued. - FY2022-Q3MitigatedAnnual report
「The impact of the economic downturn caused by the spread of COVID-19 has eased, and demand for paperboard, particularly containerboard, is also beginning to recover.」
Although the impact of COVID-19 on the economy and demand remained, the impact of the economic downturn eased and paperboard demand was beginning to recover. There were no material changes to the assumptions regarding the impact of the infection. - FY2022-Q2MitigatedAnnual report
「Overall domestic economic activity recovered as the number of new COVID-19 cases declined and various restrictions were eased in response. Demand for paperboard, particularly containerboard, was also beginning to recover.」
The impact of the spread of COVID-19 on economic activity and demand continued, but the impact in the quarter was partly mitigated by a decline in new cases and the easing of restrictions. There were no material changes to the assumptions regarding the impact of the infection. - FY2022-Q1MaterialisedAnnual report
「The recovery in overall domestic economic activity remained sluggish due to the impact of COVID-19, and demand for paperboard, particularly containerboard, also remained lackluster.」
The stagnation of domestic economic activity and sluggish paperboard demand caused by the spread of COVID-19 continued. Meanwhile, higher paperboard export volumes lifted sales and profit above the same quarter of the previous year. - FY2021MaterialisedAnnual report
「The spread of COVID-19 caused overall domestic industrial activity to stagnate, resulting in a significant decline in demand for paperboard, particularly corrugating medium.」
The decline in demand caused by the spread of COVID-19 continued. Although exports were increased to limit the decline in paperboard sales volume, sales in the paperboard business fell 7.0% year on year. - FY2021-Q3MaterialisedAnnual report
「Nationwide corrugated-board production continues to decline year on year because of weaker demand resulting from the spread of COVID-19 since 2020. Partly as a result, the Company's paperboard sales fell 8.8% from the same quarter of the previous year. In the coated corrugated-board business, demand for souvenirs, gifts and other products declined due to the continuing impact of COVID-19, resulting in lower sales at many customers.」
The decline in demand caused by the spread of COVID-19 continued, and lower paperboard sales and lower customer sales related to souvenirs and gifts actually materialized. - FY2021-Q2MaterialisedAnnual report
「In 2020, demand declined due to the spread of COVID-19, and nationwide corrugated-product production declined by more than 3% year on year. Partly as a result, the company’s paperboard sales volume declined 6.4%.」
The decline in demand caused by the spread of COVID-19 actually materialized. Nationwide corrugated-board production fell by more than 3% year on year, while the Company's paperboard sales volume declined 6.4%. Demand for souvenirs and gifts for coated corrugated board had not recovered, while produce and telecommunications equipment-related products remained firm. - FY2021-Q1MaterialisedAnnual report
「Demand for souvenirs and gifts declined as a result of the spread of COVID-19, and sales fell at many customers.」
The impact of the spread of COVID-19 on demand and customer sales actually materialized. Meanwhile, produce and telecommunications equipment-related products remained firm, and no shutdown of the head-office plant was reported. - FY2020MitigatedAnnual report
「To prevent infections within the Company, we have implemented measures including thorough health and safety practices, such as wearing masks, temperature checks and disinfecting hands with alcohol, as well as minimizing travel across prefectural borders.」
The risk to orders and head-office plant operations from the spread of COVID-19 continued, but infection-prevention measures and travel restrictions were implemented. For accounting purposes, the Company assumed that the impact would continue for part of the fiscal year ending May 2021, while stating that utilization had not fallen to an extreme level compared with normal conditions as of that time. - FY2020-Q3First statedAnnual report
「The global spread of COVID-19 since December 2019 has had a substantial impact on economic activity in countries around the world, including China and Japan. If this results in disruptions to customer orders or operations at the head-office plant, the Company's only production site, it could adversely affect the Company's operating results and financial position.」
The global spread of COVID-19 was added as a new business and other risk, with its potential impact on customer orders and operations at the head-office plant, the Company's only production site, identified. Although an impact on economic activity worldwide was reported, disruptions to the Company's orders and operations were described only as a conditional possibility, so the risk was classified as not materialized.