Business and Liquidity Impacts of the Spread of COVID-19
First written in FY2021-Q1. 3 of 6 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2023.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2023MitigatedAnnual report
「As conditions relating to the spread of the pandemic changed in Japan and overseas and restrictions were relaxed, the company dissolved its infectious disease crisis response headquarters and eased restrictions on activities, including business travel.」
Regarding the business and liquidity impacts of COVID-19, the company dissolved its crisis response headquarters and eased restrictions on activities in light of the infection situation and the relaxation of restrictions. The company stated that it would continue to consider measures in response to the level of the crisis. - FY2022-Q3MitigatedAnnual report
「Profit increased for dental equipment, owing to a recovery in shipments to Europe and the United States, which had declined due to the spread of COVID-19. Profit also increased for materials related to plastic lenses, owing to a recovery in shipments to Europe and the United States of photochromic materials for eyeglass lenses, which had declined due to the spread of COVID-19.」
Shipments to Europe and the United States of dental equipment and materials related to plastic lenses, which had declined due to the spread of COVID-19, recovered, resulting in higher profit for both products. The impact of the pandemic has continued to ease in part. - FY2022-Q1MitigatedAnnual report
「Profit increased for materials related to plastic lenses, owing to a recovery in shipments to Europe and the United States of photochromic materials for eyeglass lenses, which had declined due to the spread of COVID-19. Profit also increased for dental equipment, owing to a recovery in shipments to Europe and the United States, which had declined due to the spread of COVID-19.」
Shipments to Europe and the United States of materials related to plastic lenses and dental equipment, which had declined due to the spread of COVID-19, recovered, resulting in higher profit for both products. Actual results indicate that some of the impact of the pandemic has eased. - FY2021-Q3MaterialisedAnnual report
「Due to lower domestic sales volumes of caustic soda resulting from the spread of COVID-19 and sluggish sales prices for petrochemical products, among other factors, the figure decreased by ¥15,620 million from the same period of the previous year to ¥220,923 million, down 6.6% year on year.」
The impact of the spread of COVID-19 has continued to affect revenue since the previous quarter through lower domestic sales volumes of caustic soda and weak selling prices for petrochemical products. - FY2021-Q2MaterialisedAnnual report
「Due to lower domestic sales volumes of caustic soda resulting from the spread of COVID-19, sluggish sales prices for petrochemical products, and lower export volumes of dental equipment and other products to Europe and the United States, among other factors, the figure decreased by ¥9,460 million from the same period of the previous year to ¥143,289 million, down 6.2% year on year.」
The impact of the spread of COVID-19 has continued to affect revenue since the previous quarter through lower domestic sales volumes of caustic soda, weak selling prices for petrochemical products and lower export volumes of dental equipment and other products to Europe and the United States. - FY2021-Q1MaterialisedAnnual report
「Due to the decline in overseas caustic soda market conditions resulting from the spread of COVID-19, sluggish sales prices for petrochemical products, and lower export volumes of dental equipment and other products to Europe and the United States, among other factors, the figure decreased by ¥5,840 million from the same period of the previous year to ¥70,624 million, down 7.6% year on year.」
The impact of the spread of COVID-19 has appeared as an actual decline in revenue through falling overseas market prices, weak selling prices and lower export volumes to Europe and the United States. The company also stated that it plans to establish commitment lines as necessary in preparation for a deterioration in liquidity.