Risk of lost orders and operational shutdowns due to the spread of COVID-19
First written in FY2020. 4 of 13 entries say "Restated". Latest entry: FY2026.
Toho Acetylene moved to the "Worse" side of this theme in 2023, 3 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 96 of 137 companies on the "Worse" side.
32 other companies' latest entry also says "Dropped".
- FY2026DroppedAnnual report
「During the current consolidated fiscal year, the Japanese economy was on a gradual recovery trend as the employment environment and income levels improved.」
The description of the year's key risks and operating environment does not identify risks of orders being affected or operations being suspended due to the novel coronavirus infectious disease as separate factors. - FY2024-Q3SoftenedAnnual report
「During the third quarter cumulative period, normalization of economic activity progressed further following the infection's reclassification as a Category 5 disease. However, the outlook remained unclear amid soaring raw material and energy prices resulting from the prolonged situation in Ukraine and rising prices.」
The disclosure states that normalization of economic activity progressed further following the reclassification of the infectious disease to Category 5, continuing the easing from the previous risk assessment centered on pandemic-related constraints on business activities. - FY2024-Q2SoftenedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, the Japanese economy continued to recover gradually as the novel coronavirus infectious disease was reclassified to Category 5.」
The disclosure describes a gradual economic recovery accompanying the reclassification of the infectious disease to Category 5, indicating an easing from the previous risk assessment centered on pandemic-related constraints on business activities. - FY2023SoftenedAnnual report
「During the fiscal year, the Japanese economy moved toward normalization of social and economic activity as restrictions on movement related to the infection were gradually eased. However, the outlook remained unclear because of persistently high raw material and energy prices resulting from the prolonged situation in Ukraine, rising prices caused by sharp foreign-exchange fluctuations, and global monetary tightening.」
The disclosure has shifted to state that pandemic-related restrictions on movement and impacts on business activities are easing and moving toward normalization, while other external risks continue. - FY2023-Q1RestatedAnnual report
「Meanwhile, with the situation in Ukraine remaining unforeseeable, raw material and energy prices remain high, and concerns persist over a renewed spread of the infectious disease due to the emergence of new variants. As a result, the outlook remains uncertain.」
Concerns over the impact of a renewed spread of the infectious disease on business continue, while the disclosure states that there have been no material changes in business and other risks from the previous fiscal year. - FY2022RestatedAnnual report
「If outbreaks of the infectious disease continue to occur, business activities may become impossible for a certain period, including through the closure of sales-area locations. In addition, employee infections could result in the suspension of operations at the Group's Tagajo Plant for a certain period, potentially affecting the Group's earnings.」
The risks of location closures, suspension of operations at the Tagajo Plant and an impact on earnings from the pandemic continue, while teleworking, staggered working hours, dispersed production locations and inventory buildup are cited as countermeasures. - FY2022-Q3WorsenedAnnual report
「Domestic and overseas capital investment demand from automotive parts manufacturers declined due to the impact of the pandemic and semiconductor shortages. In addition, revenue declined partly because the method of recognizing revenue from agent transactions was changed following the adoption of the revenue recognition standard and related standards.」
The disclosure shifted from the previous quarter's description of capital investment demand as being on the path to recovery to reporting an actual decline in demand due to the pandemic and semiconductor shortages, confirming that the pandemic's impact continued. - FY2022-Q2Demand is recovering, but the impact of the infection continuesAnnual report
「In this business segment, capital investment demand among automotive parts manufacturers in Japan and overseas was recovering from the impact of the spread of the infection, but net sales declined because the method of recognizing revenue from transactions conducted as an agent was changed following the application of the Revenue Recognition Accounting Standard and related standards.」
Although the impact of the pandemic on capital investment demand continues, the disclosure now describes domestic and overseas demand as being on the path to recovery, shifting from an exclusively stagnant outlook to one that includes a recovery phase. - FY2022-Q1RestatedAnnual report
「In this business segment, sales declined as sales activities continued to be restricted by the spread of the infection. Although demand for welding materials for automobiles recovered, demand for welding and cutting equipment and household-related equipment declined, among other factors.」
While restrictions on sales activities and lower demand caused by the spread of the infection continued, the company also reported a recovery in demand for welding materials for automobiles, with impacts differing by business and product category. - FY2021-Q3RestatedAnnual report
「In this segment, business activities were constrained by the infectious disease outbreak. Demand for welding and cutting equipment and household-related equipment decreased sharply, while demand for welding materials for the construction, steel and automotive industries declined, resulting in lower sales and operating profit.」
Restrictions on sales activities and lower demand caused by the spread of the infection continue to materialize as lower revenue and earnings in the equipment and materials-related business. - FY2021-Q2MaterialisedAnnual report
「In this segment, business activities were constrained by the infectious disease outbreak. Demand for welding and cutting equipment and household-related equipment decreased sharply, while demand for welding materials for the automotive industry declined, resulting in lower sales and operating profit.」
Restrictions on sales activities and lower demand caused by the spread of the infection materialized in the equipment and materials-related business. In the automotive equipment-related business, stagnant capital investment demand, and in the gas-related business, weaker food-service consumption and production adjustments, also resulted in lower sales. - FY2021-Q1MaterialisedAnnual report
「Net sales and operating income fell sharply as capital investment demand declined due to the operating conditions of automotive parts manufacturers in Japan and overseas and the impact of the spread of the infection.」
The risk of declining orders and suspended operations due to the spread of the infection materialized in the form of weaker capital investment demand among automotive parts manufacturers and substantial declines in net sales and operating income. The company also describes lower demand in its equipment and materials-related and food-gas businesses due to the spread of the infection. - FY2020First statedAnnual report
「If economic activity remains stagnant as a result of the spread of COVID-19 (hereinafter, the "infection"), the Group's sales could disappear because of fewer opportunities to receive orders. Depending on the extent of the spread, restrictions on sales activities could also be imposed.」
The company independently identifies, for the first time, economic stagnation, fewer order opportunities, lost sales and restrictions on sales activities caused by the spread of the infection as key risks. It also states that the economic impact of the infection has begun to emerge, affecting demand and projects for automotive equipment and ice-making and refrigeration equipment.