Risk of Supply Chain Disruptions and Demand Slowdown Due to COVID-19
First written in FY2020. 5 of 12 entries say "Mitigated", first in FY2022-Q1. Latest entry: FY2024-Q2.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024-Q2MitigatedAnnual report
「The automotive exhaust-system components market continued to recover from the effects of the global semiconductor shortage and supply-chain disruption originating from COVID-19, and automobile production gradually increased from the previous fiscal year.」
Recovery from supply chain disruptions and semiconductor shortages originating from COVID-19 is progressing, and automobile production volumes are also gradually increasing. - FY2024-Q1MitigatedAnnual report
「The automotive exhaust-system components market continued to recover from the effects of the global semiconductor shortage and supply-chain disruption originating from COVID-19, and automobile production gradually increased from the previous fiscal year.」
The market for automotive exhaust-system components is described as recovering from supply chain disruptions and semiconductor shortages originating from COVID-19, with the previous demand and supply stagnation risks easing. - FY2023RestatedAnnual report
「Although the impact of the global semiconductor shortage was recovering, the effects of supply-chain disruption originating from COVID-19 were prolonged, and unstable conditions continued in the automotive exhaust-system components market.」
Regarding the risk of supply chain disruptions and slowing demand originating from COVID-19, the impact of semiconductor shortages is described as moving toward recovery, while prolonged disruption and an unstable business environment are reconfirmed. - FY2023-Q2MitigatedAnnual report
「During the first 2 quarters of the fiscal year, the global economy moved toward recovery from the impact of COVID-19 variants in developed countries, but downside risks materialized due to the effects of global monetary tightening and higher energy prices associated with geopolitical conditions.」
In developed economies, recovery from the impact of COVID-19 has progressed, and economic activity risks from the pandemic are described as easing from the previous period. Meanwhile, other downside risks, including monetary tightening, have become evident. - FY2022-Q3WorsenedAnnual report
「During the first 3 quarters of the fiscal year, the global economy continued to move toward normalization from the impact of the COVID-19 pandemic, particularly in the United States, but infections have again been spreading rapidly amid the emergence of variants since the end of last year. The domestic economy also continued to show signs of recovery in economic activity, but exports and some areas of production showed weakness due to the impact of COVID-19.」
While the impact of COVID-19 on economic activity remains, infections have resurged due to variants and some exports and production have weakened, indicating that the pandemic-risk environment has deteriorated from the previous quarter. - FY2022-Q2MitigatedAnnual report
「During the second-quarter consolidated cumulative period, the global economy continued to be affected by the novel coronavirus disease (COVID-19), particularly in Southeast Asia, but moves toward normalization continued in the United States and China. Although parts of the domestic economy remained in a difficult situation due to COVID-19, exports and production continued to show signs of recovery.」
Although the impact of COVID-19 remains in Southeast Asia and Japan, normalization in the United States and China and recovery in exports and production continue, indicating a recovery in the business environment from the previous fiscal year. - FY2022-Q1MitigatedAnnual report
「During the first quarter of the fiscal year, the global economy continued to show signs of recovery in the United States and Asia, although the impact of the COVID-19 pandemic on economic activity remained.」
Although the impact of COVID-19 on economic activity remains, signs of recovery continue in the United States and Asia, indicating a recovery in the business environment from the previous fiscal year. - FY2021MaterialisedAnnual report
「The global economy during the current consolidated fiscal year slowed sharply in the first half as the novel coronavirus disease (COVID-19) spread worldwide, but began to recover from the second quarter (July–September), led by China.」
The slowdown in economic activity caused by COVID-19 in the first half of the fiscal year materialized and affected demand and sales in construction, construction materials and petroleum products, and automotive-related businesses. The disclosure also noted a recovery led by China in the second half of the fiscal year. - FY2021-Q3MaterialisedAnnual report
「Although China's economy showed signs of recovery, the global economy during the cumulative third quarter remained in a situation that could not be viewed optimistically, due to factors including the impact on economic activity of the renewed global spread of COVID-19.」
The impact of the renewed global spread of COVID-19 on economic activity continues, and demand and business-environment risks associated with the pandemic remain evident. - FY2021-Q2MaterialisedAnnual report
「Revenue from diesel particulate filters (DPFs) and catalyst carrier retention and sealing materials (AFPs), which are automotive exhaust-system components, decreased substantially from the same period of the previous year, particularly in the first quarter, due to lower production by automakers amid COVID-19. DPF revenue was also affected by the declining share of diesel passenger vehicles, particularly in the European market.」
Lower production by automakers due to COVID-19 was reflected in actual results as a substantial decline in DPF and AFP revenue, and the risk of demand slowing due to the pandemic remains evident. - FY2021-Q1MaterialisedAnnual report
「Revenue from diesel particulate filters (DPFs) and catalyst carrier retention and sealing materials (AFPs), which are automotive exhaust-system components, decreased from the same period of the previous year due to lower production by automakers amid COVID-19. DPF revenue was also affected by the declining share of diesel passenger vehicles, particularly in the European market.」
Lower production by automakers due to COVID-19 was reflected in actual results as lower DPF and AFP revenue, bringing the risk of demand slowing due to the pandemic to the surface. - FY2020First statedAnnual report
「The impact of COVID-19 on our business remains uncertain, given the possibility of supply chain disruptions and a slowdown in the automotive market.」
As COVID-19 spread, the possibility of supply chain disruptions and a slowdown in the automotive market was disclosed separately as a risk for the first time. The Ceramic business also disclosed the impact of a sharp decline in demand due to COVID-19 at fiscal year-end.