Impact of COVID-19 on Demand, Procurement and Employee Activities
First written in FY2020. 4 of 8 entries say "Softened", first in FY2022-Q2. Latest entry: FY2023-Q3.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2023-Q3SoftenedAnnual report
「During the nine-month period of the current fiscal year, the Japanese economy showed signs of recovery in economic activity as restrictions on activity were eased, despite the continuing impact of COVID-19, but」
Although the impact of COVID-19 persisted, the easing of restrictions on activity and a recovery in economic activity became apparent, and the impact weakened from the previous description, which had focused mainly on activity restrictions and declining demand. - FY2023-Q1SoftenedAnnual report
「Although Japan's economy showed signs of recovery as restrictions on activity related to COVID-19 were eased and economic activity resumed, uncertainty about the outlook continued due to soaring raw material and fuel prices, Russia's invasion of Ukraine, and the rapid depreciation of the yen.」
Regarding COVID-19, the easing of restrictions on activity and a recovery in economic activity became apparent, and its impact weakened somewhat from the previous description, which had focused mainly on activity restrictions and declining demand. - FY2022SoftenedAnnual report
「Sales declined as the special demand for materials used in PCR diagnostic kits in the first quarter of the previous fiscal year subsided, but stable sales were maintained during the current consolidated fiscal year. In addition, the Functional Pigments and Functional Resins segments posted higher revenue, partly due to the recovery in demand following the COVID-19 pandemic.」
Although the aftereffects of the special demand generated by the pandemic remained, sales of materials for PCR diagnostic kits were stable, and the segments posted higher revenue driven by recovering demand. - FY2022-Q3WorsenedAnnual report
「During the nine-month period of the current third quarter of the consolidated fiscal year, variants of COVID-19 spread globally, and the number of cases in the United States and Europe began increasing again.」
While the previous filing indicated the reopening of economic activity and a recovery trend in the economy, the spread of variants and the renewed increase in cases were identified as new concerns. - FY2022-Q2SoftenedAnnual report
「During the first half of the fiscal year, the global economy was on a recovery trend due to the resumption of economic activity in Europe and the United States against the backdrop of progress in vaccinations against COVID-19. However, difficult conditions continued due to the possibility of a renewed spread of infections, the global semiconductor shortage, supply-chain disruptions, the impact on raw-material procurement caused by China's power shortages, and soaring raw material and fuel prices.」
The description has changed to indicate a recovery trend in the global economy driven by vaccinations and the reopening of economic activity, while the possibility of renewed spread of infections remains. - FY2021-Q3WorsenedAnnual report
「However, in the near term, renewed global spread of infections has raised concerns about a decline in demand in Japan and overseas.」
While some recovery in customers' business activities was seen in the third quarter, renewed global spread of infections has again raised concerns about a decline in demand in Japan and overseas. - FY2021-Q1MaterialisedAnnual report
「COVID-19 has caused a decline in the business activities of customers, and a substantial decline in demand continues to be expected both in Japan and overseas.」
The decline in customers' business activities and demand caused by COVID-19 continues to be cited as a specific business impact. - FY2020First statedAnnual report
「COVID-19 has affected the activities of various stakeholders surrounding the Company's group. It has caused a decline in the business activities of customers, and a substantial decline in demand is expected both in Japan and overseas. It has also caused a decline in the business activities of suppliers and outsourcing partners, and circumstances such as delivery delays or difficulties in procurement may arise, potentially reducing the production activities of the Company's group.」
COVID-19 was reported independently for the first time as a multifaceted risk affecting customer demand, raw material procurement, outsourcing partners, employee attendance and the operation of plants and business sites. Although the impact during the current fiscal year was described as limited, the impact going forward was considered difficult to estimate.