Difficulty procuring parts and raw materials due to China's lockdowns
First written in FY2023-Q1. 2 of 5 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2022: 5 of 11 companies on the "Worse" side.
2 other companies' latest entry also says "Dropped".
- FY2024DroppedAnnual reportThe individual risk concerning difficulty procuring parts and raw materials due to China's lockdowns, which had been disclosed through the previous fiscal year, cannot be identified in the current fiscal year's description of the business environment and risks.
- FY2023RestatedAnnual report
「In China, which had maintained its zero-COVID policy, an economic recovery following a change in policy is expected, while disruptions caused by the spread of infections have also occurred, further increasing uncertainty about the outlook.」
Even after China's shift away from its zero-COVID policy, the company continues to describe both expectations for an economic recovery and disruptions caused by the spread of infections, with uncertainty persisting. - FY2023-Q3ReframedAnnual report
「In China, which had maintained its zero-COVID policy, an economic recovery following a change in policy is expected, but uncertainty about the outlook has increased further because of disruptions caused by the spread of infections and other factors.」
The explanation has changed from the previous description of procurement difficulties caused by China's continued zero-COVID policy and lockdowns to one that also addresses expectations for a recovery following the policy shift and disruption caused by the spread of infections. - FY2023-Q2RestatedAnnual report
「While the shift from responding to COVID-19 to prioritizing economic activity has progressed, economic growth in China has slowed as its zero-COVID policy remained in place and lockdowns continued.」
The company recognizes that China's zero-COVID policy and lockdowns have continued and that economic growth has slowed. - FY2023-Q1First statedAnnual report
「Difficulty in procurement caused by lockdowns in China and shortages of semiconductor supplies have had a significant impact on production systems across industries, and a full economic recovery is expected to take time.」
The company states that procurement difficulties caused by lockdowns in China have had an actual impact on production systems across industries. In the automotive business, they have also led to production cuts due to difficulty procuring parts.