Impact of COVID-19 on customer production, logistics and demand
First written in FY2021-Q1. 2 of 10 entries say "Materialised", first in FY2021-Q2. Latest entry: FY2024-Q1.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024-Q1MitigatedAnnual report
「During the first quarter of the fiscal year, economic activity in Japan remained on a gradual recovery trend as COVID-19 was changed to Category 5 under the Infectious Diseases Control Law and restrictions on activities were eased.」
It is stated that the domestic economy shifted toward recovery as the legal classification of COVID-19 was changed and restrictions on activities were eased. - FY2023-Q3Economic expansion coexists with inflation and supply constraintsAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, consumption and investment expanded as governments made progress in balancing COVID-19 prevention measures with economic activity. At the same time, the economy began to slow due to reduced automobile production caused by semiconductor shortages, surging raw-material prices and a substantial rise in prices, as well as interest-rate hikes by countries in response.」
Consumption and investment are expanding as countries balance COVID-19 prevention measures with economic activity, while semiconductor shortages, surging raw-material prices, rising prices and an economic slowdown caused by interest-rate hikes coexist. - FY2023-Q2Economic expansion coexists with COVID-19 and supply constraintsAnnual report
「During the cumulative second quarter under review, consumption and investment expanded as governments made progress in balancing measures to prevent COVID-19 with economic activity. However, the global economy remained unstable due to automobile production cuts caused by semiconductor shortages, soaring raw material prices, and the prolonged invasion of the Republic of Ukraine by the Russian Federation.」
Consumption and investment are expanding as countries pursue both COVID-19 prevention measures and economic activity, while instability caused by semiconductor shortages, reduced automobile production and surging raw-material prices continues. - FY2023-Q1Normalization of social activity coexists with renewed infections and supply constraintsAnnual report
「In Japan, the number of infections declined and social activity moved toward normalization as vaccination rates rose as part of measures to prevent COVID-19 infections. However, the rapid movement of foreign exchange rates toward yen depreciation increased inflationary pressure, further intensifying uncertainty about the outlook.」
Although the rise in vaccination rates and decline in infections point to the normalization of social activity in Japan, uncertainty related to global conditions, including renewed spread of COVID-19, as well as yen depreciation and rising prices, continues. - FY2022-Q3Insufficient domestic recovery coexists with recovering overseas demand and supply constraintsAnnual report
「In Japan, customer production activity is recovering, but the effects of intermittent declarations of a state of emergency and other measures continue to prolong the prevailing mood of restraint, and the economy as a whole has not yet achieved a sufficient recovery. Overseas, demand is recovering as economic activity gradually resumes following COVID-19-related restrictions, but uncertainty about the outlook remains strong due to disruptions in logistics, particularly maritime transport, difficulties in procuring raw materials caused by higher prices and insufficient supply amid rising demand, and production restrictions at customers in China due to concerns about energy and environmental issues.」
Although domestic customer production activity is recovering under the impact of COVID-19, it has not yet recovered sufficiently. Overseas, recovering demand coexists with disruptions to logistics and raw-material procurement and customer production restrictions in China. - FY2022-Q2RestatedAnnual report
「In Japan, customer production activity is recovering, but the effects of intermittent declarations of a state of emergency and other measures have prolonged the prevailing mood of restraint, and the economy as a whole has not yet achieved a sufficient recovery. Overseas, economic sentiment improved as economies recovered from the recession caused by COVID-19, but uncertainty about the outlook remains strong due to worldwide disruptions in maritime transport, semiconductor shortages and concerns about the spread of COVID-19 variants.」
Although the impact of COVID-19 continues, production activity among domestic customers is recovering and overseas economic sentiment is improving. The insufficient domestic recovery, supply constraints and concerns about variants continue. - FY2022-Q1Infection-related impacts persist, but recovery trends emerge in Japan and overseasAnnual report
「In Japan, customers' production activities were on a recovery trend, but the continued reluctance to resume normal activities, due to the intermittent issuance of states of emergency and other measures, meant that overall recovery remained insufficient. Overseas, economic conditions and business sentiment improved as the economy recovered from the recession caused by COVID-19, but uncertainty about the outlook remains high due to disruptions in global maritime transport, semiconductor shortages, and outbreaks of COVID-19 variants.」
Although voluntary restrictions due to COVID-19, impacts on customer production and the spread of variants continue, overseas economic sentiment and production at some customers have begun to recover. - FY2021-Q3MaterialisedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the global economy stagnated due to the prolonged US-China trade friction, the renewed spread of COVID-19, and the impact of travel restrictions and lockdowns implemented by countries in response. Overseas, the deterioration in the global economy caused by COVID-19 from the beginning of 2020 resulted in substantial declines in customer production volumes and temporary production stoppages in various regions, as well as disruptions to logistics functions caused by lockdowns. Although a considerable recovery trend was seen in the third quarter, revenue declined overall.」
The renewed spread of COVID-19, travel restrictions and lockdowns, lower customer production and temporary closures, and logistics disruptions continued to have a direct impact in the third quarter, resulting in lower revenue overall. - FY2021-Q2MaterialisedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, economic activity stagnated due to the prolonged US-China trade friction and the impact of travel restrictions and lockdowns imposed by countries to prevent the spread of COVID-19. Overseas, the deterioration in the global economy caused by COVID-19 from the beginning of the year resulted in substantial declines in customer production volumes and temporary production stoppages in various regions, as well as disruptions to logistics functions caused by lockdowns. Although a slight recovery trend was seen in the second quarter, revenue declined overall.」
Travel restrictions and lockdowns caused by COVID-19, lower customer production and temporary stoppages, and logistics disruptions continued to have a direct impact in the second quarter, resulting in lower revenue overall. A partial recovery trend was also reported. - FY2021-Q1First statedAnnual report
「The COVID-19 pandemic caused extremely difficult economic conditions in many countries and regions during the first quarter. In Japan, consumption contracted sharply as social and economic activity was curtailed to prevent the spread of infection. Overseas, customer production fell sharply or was temporarily suspended in many locations, while lockdowns disrupted logistics, resulting in lower sales.」
COVID-19 materially affected the business through lower domestic consumption, reduced or suspended customer production in Japan and overseas, and disrupted overseas logistics. Consolidated sales fell 18.7% year on year.