Risk of Demand Decline and Supply Chain Damage Due to COVID-19
First written in FY2020. 3 of 12 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2025: 5 of 16 companies on the "Worse" side.
19 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「However, if the future spread of infectious diseases or other conditions, and government policies in various countries restricting economic activity in response to them, were to cause a significant decline in demand for our products or damage to supply chains, including those involving our business sites, this could have a material impact on the Group's business performance.」
The disclosure has been continued as a generalized risk involving the spread of infectious diseases and other factors and the resulting impact on demand and supply chains from restrictions on economic activity, rather than being limited to the novel coronavirus as before. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The disclosure states that there were no new occurrences or material changes regarding the risk of lower demand and supply chain damage caused by COVID-19. - FY2023-Q2Supply disruptions and customer operating restrictions continuedAnnual report
「Strong demand continued in the semiconductor market during the second quarter, particularly among foundries, and we shipped semiconductor materials such as silicon wafers, photoresists and mask blanks to the maximum extent. Demand for rare-earth magnets was generally firm, although customers faced operating restrictions due to semiconductor shortages and adjustments to data center investment.」
While the recovery in demand continued, customer operating restrictions caused by semiconductor shortages and adjustments to data center investment were described as actual business conditions. - FY2023-Q1MaterialisedAnnual report
「Rare-earth magnets remained in strong demand despite China's lockdowns and customer operating restrictions caused by the semiconductor shortage, and we operated and shipped as fully as possible.」
Regarding risks related to COVID-19, the disclosure states that China's lockdowns and customer operating restrictions caused by semiconductor shortages affected actual business operations. - FY2022RestatedAnnual report
「As major economies continued to address the pandemic, supply disruptions, price pressures and other challenges, Russia's invasion of Ukraine began in February. “We will respond swiftly to changes in the situation.”」
The disclosure states that the pandemic, supply disruptions and price pressures continued even during the recovery phase, and that the policy was to respond swiftly to changes in the situation. - FY2022-Q3Infections, supply disruptions and operating restrictions continued during the recovery phaseAnnual report
「During the cumulative third quarter of the fiscal year, the global economy continued to expand solidly, as indicated by an economic growth rate, or GDP growth rate, of just over 5%. At the same time, the major economic blocs faced supply disruptions and price pressures while continuing to address infections, and were working to tackle various challenges.」
The disclosure states that infections, supply disruptions and price pressures continued even as the economic recovery progressed. For rare-earth magnets, it also describes operating restrictions in producing countries caused by infections and natural disasters. - FY2022-Q2Supply disruptions and operating restrictions described during the recovery phaseAnnual report
「In its World Economic Outlook released this month, the International Monetary Fund (IMF) used the heading “Recovery during the pandemic—health concerns, supply disruptions and price pressures.”」
The disclosure describes a situation in which health concerns, supply disruptions and price pressures remained even as the economic recovery progressed. Operating restrictions in Malaysia were also described for the electronic materials business. - FY2022-Q1MitigatedAnnual report
「The decline in personal care demand caused by restrictions on economic activity in the same period of the previous year had abated by this year. Inventory adjustments for automotive applications had also ended, and shipments were steady.」
The disclosure states that the decline in personal care demand and inventory adjustments for automotive applications arising in the previous fiscal year in connection with the pandemic and restrictions on economic activity had ended, and that shipments had become steady. - FY2021-Q3MitigatedAnnual report
「The April-June quarter experienced a downturn resulting from the spread of COVID-19 infections and the resulting restrictions on economic activity. In the July-September quarter, demand recovered despite regional and industry differences, and in the October-December quarter, demand and market conditions recovered further in the main business fields.」
The disclosure describes a downturn in the first quarter caused by the spread of COVID-19 and restrictions on economic activity, followed by a recovery in demand from the second quarter onward and improving demand and market conditions in the main business fields in the third quarter. It does not state that the impact of the risk has been eliminated. - FY2021-Q2MaterialisedAnnual report
「During the first half of the first six months of the second quarter, the global economy suffered a sharp downturn as infections spread and economic activity was restricted.」
The downturn in the global economy caused by the spread of COVID-19 and restrictions on economic activity continued, and actual impacts on market conditions, demand and plant operations were described across multiple businesses, including vinyl and specialty chemicals, silicones and performance chemicals. - FY2021-Q1MaterialisedAnnual report
「During the cumulative first quarter of the fiscal year, the global economy suffered a major downturn as it was hit by what has been described as the COVID-19 crisis. During the period, our business was also unable to avoid the impact of the COVID-19 crisis.」
Regarding the impact on demand and the business from COVID-19 described as an assumed risk for FY2020, the disclosure explicitly describes a sharp downturn in the global economy and the actual impact on the business. - FY2020First statedAnnual report
「To minimize the impact of COVID-19, we have implemented thorough health and safety measures at the Group's business sites. However, if the future spread of the virus or government policies in various countries restricting economic activity in response to it were to cause a significant decline in demand for our products or damage to supply chains, including those involving our business sites, this could have a material impact on the Group's business performance.」
The spread of COVID-19 and the significant decline in demand and damage to supply chains caused by restrictions on economic activity in various countries are described for the first time as an independent major risk.