COVID-19-Related Disruptions to Sales, Installation and Construction, and Deliveries
First written in FY2020-Q2. 4 of 9 entries say "Materialised", first in FY2020-Q3. Latest entry: FY2023.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2023RestatedAnnual report
「If the spread of COVID-19 again becomes more serious, the company may be forced to reduce the scope of its sales activities following the issuance of another state of emergency by the government.」
Although economic activity is moving toward normalisation, the company continues to identify the potential impact on sales activities, customers and the supply chain if the spread of infection again becomes more serious as a residual risk. - FY2023-Q1MitigatedAnnual report
「The impact of delivery delays caused by the semiconductor supply shortage during the first quarter of the previous fiscal year has improved, and the supply of most products has returned to normal.」
The company stated that the impact of delivery delays caused by the semiconductor supply shortage had improved and that the supply of most products had generally returned to normal. - FY2022MitigatedAnnual report
「As the impact of COVID-19 on the economic environment is gradually improving, demand for capital investment in equipment such as LED lighting, commercial refrigerators and air-conditioning systems is expected to gradually increase.」
The impact of the pandemic on the economic environment is gradually improving, and an increase in demand for capital investment in equipment is expected. Although the impact on sales, installation work and deliveries remains, business operations are moving into a recovery phase. - FY2022-Q3MitigatedAnnual report
「The global shortages of semiconductors and raw materials had an impact, but signs of a gradual resolution have begun to emerge.」
The impact of semiconductor and raw material shortages on sales, deliveries and other activities continues, but the company stated that signs of a gradual resolution have begun to emerge. - FY2022-Q2MaterialisedAnnual report
「During the six months ended the second quarter, some sales activities were restricted due to the global semiconductor shortage and measures to prevent the spread of infection.」
In addition to the previous impact of the pandemic on sales activities, installation work and deliveries, some sales activities have actually been restricted because of the global semiconductor shortage. - FY2022-Q1MaterialisedAnnual report
「Meanwhile, the global semiconductor shortage caused delivery delays for some commercial air-conditioning equipment and other products.」
In addition to the previous delays in construction and deliveries caused by the pandemic, delivery delays for commercial air-conditioning equipment and other products due to the global semiconductor shortage have actually occurred. - FY2020MaterialisedAnnual report
「Meanwhile, in view of the medium-term impact of COVID-19, the company recorded an allowance for doubtful accounts and a provision for cancellation adjustments.」
The impact of the pandemic on business activities and the customer environment extended to full-year performance and materialised as a financial burden through the recording of an allowance for doubtful accounts and a provision for cancellation adjustments. - FY2020-Q3MaterialisedAnnual report
「As the spread of COVID-19 led the government and local authorities to issue requests for businesses to suspend operations and declare a state of emergency, the group recorded costs arising from its response to COVID-19, including special leave compensation, as extraordinary losses.」
The company recorded ¥11 million in special leave compensation related to its response to the pandemic as an extraordinary loss, resulting in an actual financial cost in addition to the previous impact on sales activities and installation work. - FY2020-Q2First statedAnnual report
「In this business, sales activities have continued despite the impact of COVID-19, but at some customers, installation work was delayed and visits were postponed because their operations had been suspended. Deliveries were also delayed for certain model numbers of LED lighting and commercial air-conditioning equipment. Toilet equipment inventory was placed on shipping hold.」
COVID-19 has actually resulted in customers suspending operations, delays in installation work, postponed visits, delayed equipment deliveries and shipments of inventory being placed on hold.