Impact of COVID-19 on Demand, Production and Fundraising
First written in FY2020. 2 of 8 entries say "Worsened", first in FY2021-Q1. Latest entry: FY2025.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2025ReframedAnnual report
「If a pandemic occurs, the group's business activities and performance may be materially affected by employees being unable to come to work, disruptions to logistics functions, difficulty procuring raw materials, and other factors.」
The description has been revised from specifically identifying COVID-19 to anticipating the impact of infectious diseases and pandemics in general on business activities. - FY2024-Q3MitigatedAnnual report
「Loss due to COVID-19 115 －」
Although the company recorded a ¥115 million loss due to COVID-19 in the same period of the previous year, no such loss was recorded during the first 9 months of the current consolidated fiscal year, indicating that pandemic-related accounting losses have decreased. - FY2023-Q3Pandemic-related losses recorded despite eased restrictions on movementAnnual report
「¥115 million loss due to COVID-19」
Although economic activity became more active as restrictions on movement were eased, the company recorded a ¥115 million loss due to COVID-19 as an extraordinary loss, indicating that the impact of the pandemic remains. - FY2023-Q2Easing of restrictions on movement and the continuing impact of the pandemicAnnual report
「During the first 6 months of the current consolidated fiscal year, the economic environment surrounding the group improved as restrictions on movement associated with COVID-19 were gradually eased and the movement of people became more active, while」
While restrictions on movement were eased and the movement of people became more active, the company reported weak demand in the vehicle and information and electronic materials fields and a ¥112 million loss due to COVID-19, indicating that the impact of the pandemic remains. - FY2022-Q3RestatedAnnual report
「During the third quarter of the current consolidated cumulative period, the global economy remained uncertain due to the spread of variants of the novel coronavirus disease.」
Uncertainty in the business environment associated with the spread of COVID-19 variants continues. The company states that there have been no material changes to its business and other risks. - FY2021-Q3WorsenedAnnual report
「During the first 9 months of the current consolidated fiscal year, the global economy was generally recovering, led by the United States and China. However, COVID-19 spread again toward the end of the period, and lockdowns were imposed in various countries, tightening restrictions on economic activity.」
The company describes the renewed spread of COVID-19, lockdowns in various countries, and tighter restrictions on economic activity, indicating that downward pressure from the pandemic on the business environment has continued and intensified. It also states that there were no material changes to the assumptions regarding the pandemic's impact used in accounting estimates for the third quarter. - FY2021-Q1WorsenedAnnual report
「Although packaging-related products for the packaging materials sector of the Comprehensive Printing Systems business remained at the previous year's level, sales for the first quarter of the current consolidated cumulative period declined by ¥31.884 billion, down 19.8% year on year, due to generally weak performance.」
Lockdowns, requests to refrain from going out, and operating stoppages at automakers associated with COVID-19 affected business activity and demand, resulting in total company sales declining 19.8% year on year. - FY2020MaterialisedAnnual report
「The particularly serious risk currently recognized is that COVID-19, which originated in China in December 2019 and reached Japan from February 2020, and the implementation of measures to prevent its spread have had a major impact on the global economy and a substantial impact on the group's performance.」
The company identifies lower vehicle demand, production delays and stoppages, supply-chain disruptions, bad debts, and difficulty in raising funds as specific risk scenarios associated with the pandemic.