Risk of Declining Business Activity and Demand Due to the COVID-19 Pandemic
First written in FY2021-Q1. 5 of 14 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2024-Q2.
Seiryo Electric moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
60 other companies' latest entry also says "Mitigated".
- FY2024-Q2MitigatedAnnual report
「During the first six months of the current consolidated fiscal year, the domestic economy continued on a moderate recovery trend as economic activity normalised following the easing of COVID-19 countermeasures and wages rose.」
The easing of COVID-19 countermeasures and the normalisation of economic activity progressed, and the filing stated that the impact of infection-related restrictions had eased from the previous fiscal year. - FY2024-Q1MitigatedAnnual report
「During the three months ended ... , activity restrictions were eased, including through the downgrading of COVID-19 to Category 5, and economic activity was gradually resuming towards pre-pandemic conditions.」
The filing stated that the transition of COVID-19 to Category 5, the easing of activity restrictions and the reopening of economic activity had reduced the impact of infection-related restrictions from the previous fiscal year. - FY2023MitigatedAnnual report
「During the fiscal year under review, Japan's economy saw the gradual easing of restrictions on activities related to COVID-19 and signs of a return to normal social activity. At the same time, elevated resource, energy and raw material prices, resulting in part from the situation in Ukraine, continued to weigh heavily on people's lives.」
Activity restrictions were being eased and social activity was moving towards normalisation, reducing the impact of infection-related restrictions from the previous fiscal year. However, the risk of shutdowns and restrictions on economic activity due to a further spread of infection continued to be disclosed. - FY2023-Q3WorsenedAnnual report
「During the nine months ended ... , the eighth wave of COVID-19 infections was raging, while economic activity was gradually resuming and becoming more active, with progress being made in balancing infection-control measures and economic activity.」
The company indicated that, while the reopening of economic activity was progressing, the eighth wave was raging and infection risks were continuing and intensifying. - FY2023-Q2MitigatedAnnual report
「During the six months ended ... , activity restrictions related to COVID-19 were gradually eased and economic activity was beginning to resume.」
The easing of activity restrictions related to COVID-19 and the reopening of economic activity progressed, and the filing stated that the impact of the previous activity restrictions had eased from the previous fiscal year. - FY2023-Q1MitigatedAnnual report
「During the first quarter of the current consolidated fiscal year, restrictions on activity were eased as the number of COVID-19 cases declined, and economic activity gradually resumed. However, the outlook remains unstable, with the rapid depreciation of the yen and shortages of materials and higher prices, driven by factors including the situation between Russia and Ukraine, becoming social issues.」
The filing described the easing of activity restrictions as infections declined and the reopening of economic activity, indicating that the impact of COVID-19-related restrictions had eased from the previous fiscal year. However, the outlook was described as unstable. - FY2022MaterialisedAnnual report
「Within our group, we are also concerned about the impact on performance from the closure of mobile device stores, reduced operations in mobile device repair and refurbishment, and lower business activity in the Information and Communications Systems business. Depending on the future spread or containment of the infection, performance may fluctuate significantly.」
Store closures, reduced repair operations and lower systems business activity due to COVID-19 continued to affect the full-year business environment and performance. - FY2022-Q3WorsenedAnnual report
「During the nine months ended ... , social and economic activity was gradually resuming as the spread of COVID-19 showed signs of easing. However, the highly transmissible Omicron variant was spreading rapidly worldwide, and further spread of the infection was expected, leaving the end of the pandemic uncertain.」
While the reopening of social and economic activity progressed, the rapid spread of the highly transmissible Omicron variant and expectations of further infections increased uncertainty over infection risks and the outlook for containment. - FY2022-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, the domestic economy continued to be severely affected by the spread of COVID-19 and the prolonged state of emergency. Meanwhile, signs of a recovery have emerged as vaccination progresses in Japan and overseas and regulatory easing has gradually expanded with the increase in vaccination rates.」
Although serious effects on the business environment continued, including the failure to contain the infection and the prolonged state of emergency, the filing also described signs of recovery driven by vaccinations and the easing of restrictions. - FY2022-Q1WorsenedAnnual report
「During the three months ended ... , the Japanese economy continued to be seriously affected, as there was no clear end to the spread of COVID-19 and a third state of emergency was declared.」
The end of the COVID-19 pandemic remained uncertain, and serious effects on the business environment continued, including the prolonged state of emergency. - FY2021MaterialisedAnnual report
「Within our group, we are also concerned about the impact on performance from the closure of mobile device stores, reduced operations in mobile device repair and refurbishment, and lower business activity in the Information and Communications Systems business. Depending on the future spread or containment of the infection, performance may fluctuate significantly.」
The impact of COVID-19 was reflected in full-year results through store closures, reduced repair operations, lower systems business activity, lower sales and lower profit. - FY2021-Q3MaterialisedAnnual report
「Under these conditions, group sales declined due to lower mobile device unit sales and fewer orders received by Seiryo Electric Engineering Co., Ltd. from Mitsubishi Electric Corporation. Ordinary profit and loss deteriorated owing to the impact of the sharp decline in sales, despite improved margins, lower fixed costs associated with self-restraint measures and cost controls.」
The impact of COVID-19 and self-restraint measures continued to be reflected in results through lower mobile device unit sales, lower sales and deterioration in ordinary profit and loss. - FY2021-Q2MaterialisedAnnual report
「Under these conditions, group sales declined due to a sharp drop in mobile device unit sales resulting from self-restraint measures associated with the spread of COVID-19, as well as lower orders received by Seiryo Electric Engineering Co., Ltd. from Mitsubishi Electric Corporation. Ordinary profit and loss deteriorated owing to the impact of the sharp decline in sales, despite improved margins, lower fixed costs associated with self-restraint measures and cost controls.」
The impact of COVID-19 and self-restraint measures continued to be reflected in results through a sharp decline in mobile device unit sales, lower sales and deterioration in ordinary profit and loss. - FY2021-Q1MaterialisedAnnual report
「During the three months ended ... , the Japanese economy rapidly stagnated as the declaration of a state of emergency following the spread of COVID-19 led to an even stronger atmosphere of self-restraint. The domestic and overseas economies have been seriously affected.」
This filing was the first to identify the stagnation of economic activity caused by COVID-19, the state of emergency and calls for self-restraint as a specific standalone business-environment risk. The impact was reflected in results, including a sharp decline in mobile device unit sales, a 28.5% year-on-year decrease in sales and an operating loss of ¥306 million.