Decline in Demand and Impact on Business Operations Due to the Spread of COVID-19
First written in FY2020. 7 of 10 entries say "Mitigated", first in FY2021-Q3. Latest entry: FY2024-Q1.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024-Q1MitigatedAnnual report
「Although the disaster-prevention business, including gas fire-extinguishing systems for data centers, remained solid overall, demand for infection-control products such as leased oxygen concentrators and sanitary materials declined from the same period of the previous year following the reclassification of COVID-19 as a Class 5 infectious disease.」
Demand for infection-control products related to COVID-19 declined as the disease was reclassified to Category 5, and the existing impact of the spread of infection on the business is easing, while the decline in demand has nevertheless appeared in actual results. - FY2023MitigatedAnnual report
「Although the spread of COVID-19 is currently showing signs of subsiding, the outlook remains uncertain. If infections spread again, the group's operating performance, financial condition and cash flows could be affected.」
While the existing business impact of COVID-19 is said to be subsiding, the response to new infection-spread risks and the use of telework and infection-prevention measures continue. - FY2023-Q2MitigatedAnnual report
「Meanwhile, economic activity showed signs of recovery as the global supply-chain disruption began to ease, production for export increased, and restrictions on activities to prevent the spread of COVID-19 were relaxed.」
It explains that economic activity recovered as restrictions on movement related to COVID-19 were eased and supply chain disruptions began to ease. - FY2023-Q1MitigatedAnnual report
「During the cumulative first quarter of the consolidated fiscal year, Japan's economy saw social activity gradually normalise and economic activity recover, particularly consumption of services, as the number of new COVID-19 infections declined.」
The impact of COVID-19 on domestic corporate activity and personal consumption declined as infections fell and social activity returned to normal, the company explained. However, the supply chain impact of China's zero-COVID policy is described separately. - FY2022-Q1MitigatedAnnual report
「In addition to these measures, the business environment improved faster than expected, and the business structural reforms pursued in various fields over the past several years improved the earnings structure. As a result, performance during the first-quarter cumulative period progressed steadily, exceeding pre-COVID levels.」
The company explains that, although the business continued to be affected by COVID-19, quarterly performance exceeded pre-COVID-19 levels as a result of improvements in the business environment and stronger earnings capacity through business-structure reforms. - FY2021MitigatedAnnual report
「In the first half of the fiscal year, the Group was affected by lower demand due to COVID-19, primarily in Japan's industrial gas-related and medical-related businesses and the overseas engineering field within the other businesses. In the second half, however, business conditions continued to recover across all segments, mainly in Japan.」
Although COVID-related declines in demand occurred across several businesses in the first half of the fiscal year, all segments showed signs of recovery in the second half. Operating profit exceeded the previous year's level in every segment except Other Businesses, according to the company. - FY2021-Q3MitigatedAnnual report
「In terms of the Group's performance, industrial gases, healthcare and overseas engineering in the Other businesses were mainly affected by COVID-19 through the second quarter. In the third quarter, however, signs of recovery in the business environment became clear across almost all business areas, and cost reductions resulting from progress in work-style reforms and other measures also contributed, bringing overall performance back to approximately the level of the same period of the previous year.」
Although the impact of COVID-19 on multiple businesses remains, a recovery trend became clear across almost all business areas in the third quarter. Lower costs from work-style reforms also contributed, bringing company-wide results back to around the level of the same period of the previous year. Concerns about the outlook due to a renewed spread of infections remain. - FY2021-Q2WorsenedAnnual report
「The Group's operating performance was affected by COVID-19 in its industrial gas-related business, where production activity stagnated across a broad range of industries including steel and automobiles; its medical-related business, where hospital equipment construction projects were delayed or postponed; and its overseas engineering business, where activity was restricted by measures to prevent the spread of infection overseas.」
The impact of COVID-19 has continued and become more pronounced across several businesses, including industrial gases, healthcare and overseas engineering. The Company also describes the risk of a prolonged impact due to a resurgence of infections. - FY2021-Q1WorsenedAnnual report
「The spread of the novel coronavirus resulted in a state of emergency being declared, while requests for business closures and voluntary restrictions on outings sharply contracted corporate activity and personal consumption. The global economy also deteriorated rapidly as governments around the world took emergency measures to prevent the spread of infection, and conditions remained unpredictable.」
The impact of COVID-19 spread beyond domestic corporate activity and personal consumption to the global economy. The report describes specific effects across multiple businesses, including blast-furnace shutdowns, postponement of hospital construction, a sharp decline in food demand from restaurants and hotels, and operating restrictions on overseas businesses. - FY2020MaterialisedAnnual report
「The global spread of COVID-19 is affecting each of the group's businesses. As the timing of containment remains uncertain, if the period until containment is prolonged, it may affect the operation of each business, including the overseas engineering field of the industrial gas-related and other businesses, as well as the group's business performance, financial condition and cash flows.」
The spread of COVID-19 was disclosed for the first time as a standalone risk item. The disclosure states that impacts on each business had already emerged and that prolonged infection could affect performance, financial position and cash flow.