Restrictions on Economic Activity and Weak Demand Due to the Spread of COVID-19
First written in FY2021-Q1. 4 of 13 entries say "Mitigated", first in FY2022-Q1. Latest entry: FY2024-Q1.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024-Q1MitigatedAnnual report
「Demand in the automotive-related parts market during the first quarter of the current consolidated cumulative period was on a recovery trend toward pre-COVID levels, but momentum slowed, mainly due to production and inventory adjustments stemming from the downturn in the Chinese economy.」
Demand continued to recover from the weakness caused by COVID-19 toward pre-pandemic levels. However, the pace of recovery slowed due to weakness in the Chinese economy. - FY2023MitigatedAnnual report
「The global economy during the current fiscal year benefited from increased demand as countries eased activity restrictions associated with COVID-19.」
The easing of activity restrictions associated with COVID-19 and the resulting increase in demand were disclosed, indicating an improvement from the previous restrictions on economic activity and weak demand. - FY2023-Q3RestatedAnnual report
「Demand in the automotive-related parts market continued to recover, but growth was sluggish due to supply constraints on finished vehicles caused by restrictions on the supply of components, particularly semiconductors, and the impact of renewed COVID-19 infections in China.」
The company stated that although automotive-related demand was recovering, growth was sluggish due to supply constraints on semiconductors and other components and renewed infections in China. - FY2023-Q2RestatedAnnual report
「The global economy during the cumulative second quarter of the current fiscal year remained in a chaotic situation, with higher raw material and fuel prices due in part to the prolonged situation in Ukraine, sharp fluctuations in foreign exchange rates, the continuation of China’s zero-COVID policy and concerns over renewed infections caused by variant strains.」
Uncertainty in the economic environment stemming from the pandemic and geopolitical factors continued, including the situation in Ukraine, higher raw material and fuel prices, foreign exchange fluctuations, China’s zero-COVID policy and concerns over variant strains. - FY2023-Q1RestatedAnnual report
「During the first quarter of the fiscal year, the global economy remained uncertain, amid rising raw-material and fuel prices due to the situation in Ukraine, concerns over China’s zero-COVID policy and the rapid spread of infections caused by variants.」
The company continued to describe uncertainty in economic activity stemming from the pandemic, including concerns over COVID-19 variants and China’s zero-COVID policy. - FY2022MitigatedAnnual report
「Although global vehicle sales recovered from the second half of the year in regions around the world, they declined from the previous year due to the impact of the spread of COVID-19. Under these conditions, demand in the automotive parts industry, a market related to the Group, also declined substantially, but has gradually recovered as vehicle sales recovered.」
Although the decline in demand due to COVID-19 persisted, demand for automotive parts recovered as vehicle sales recovered. - FY2022-Q3Recovery trend alongside a slowdown in the pace of recoveryAnnual report
「Global vehicle sales recovered from the previous year, which had been heavily affected by the spread of COVID-19, but the pace of recovery remained slow as production cuts due to shortages of semiconductors and other components continued.」
The company stated that vehicle sales had recovered from the previous year, but the pace of recovery was slow due to production cuts caused by shortages of semiconductors and other components. - FY2022-Q2WorsenedAnnual report
「Global vehicle sales recovered from the previous year, which had been heavily affected by the spread of COVID-19, but the pace of recovery slowed in the second quarter as production was cut due to semiconductor shortages and logistics disruptions. Under these conditions, demand in the automotive parts industry, a market related to the Group, had recovered from the previous year, but demand for parts related to new vehicles recently declined as production volumes fell.」
Although the company reported a recovery in demand from the previous year, the pace of recovery in vehicle sales and demand for parts related to new vehicles slowed as production was cut due to semiconductor shortages and logistics disruptions. - FY2022-Q1MitigatedAnnual report
「Global vehicle sales increased across regions outside China compared with the previous year, which had been heavily affected by the spread of COVID-19. Under these conditions, although uncertainty remained in the outlook for the automotive parts industry, a market related to the Group, demand was recovering. Demand in the water-treatment-related market remained firm.」
The company stated that vehicle sales and automotive parts demand, which had declined substantially in the previous year, recovered, while demand in the water-treatment-related market remained firm. However, uncertainty remained in the outlook due to variant strains and logistics disruptions. - FY2021Full-year impact and recovery trendAnnual report
「Although global vehicle sales recovered from the second half of the year in regions around the world, they declined from the previous year due to the impact of the spread of COVID-19. Under these conditions, demand in the automotive parts industry, a market related to the Group, also declined substantially, but has gradually recovered as vehicle sales recovered.」
Although full-year demand and sales declined substantially due to COVID-19, vehicle sales and demand for automotive parts gradually recovered from the second half onward. - FY2021-Q3Recovery in demand alongside concerns over renewed spreadAnnual report
「Although the global economy during the cumulative third quarter of the current fiscal year showed signs of recovery as social and economic activity resumed in various countries and regions, the outlook remained uncertain due to the renewed spread of COVID-19.」
Social and economic activity resumed and signs of an economic recovery emerged, with demand related to automobiles and water treatment gradually recovering. However, the outlook remained uncertain due to the renewed spread of COVID-19. - FY2021-Q2MaterialisedAnnual report
「Global vehicle sales declined substantially across regions outside China due to the impact of the spread of COVID-19. Demand also fell substantially in the automotive parts industry, a market related to the Group. Demand declined in the water-treatment-related market due to the impact of COVID-19.」
The decline in demand for vehicles, automotive parts and the water-treatment-related market due to the spread of COVID-19 continued through the cumulative second quarter. Net sales decreased 21.3% year on year, and loss attributable to owners of the parent for the quarter was ¥125 million. - FY2021-Q1MaterialisedAnnual report
「The global economy during the cumulative first quarter of the current fiscal year was in a difficult situation, as the spread of COVID-19 significantly restricted economic activity and social life. Against this backdrop, global vehicle sales declined across regions outside China due to the impact of COVID-19, and demand in the automotive parts industry, a market related to the Group, remained weak. Demand also declined in the water-treatment-related market due to the impact of COVID-19.」
Restrictions on economic activity and social life due to the spread of COVID-19, declining vehicle sales, weak demand in the automotive parts industry and lower demand in the water-treatment-related market actually occurred. Net sales also declined 17.2% year on year.