Risk of Operational Suspension Due to the Spread of COVID-19
First written in FY2020. 3 of 8 entries say "Mitigated", first in FY2023-Q3. Latest entry: FY2024-Q2.
The whole theme swung hardest in 2025: 2 of 12 companies on the "Worse" side.
21 other companies' latest entry also says "Restated".
- FY2024-Q2RestatedAnnual report
「As COVID-19 was reclassified as a Category V infectious disease and social and economic activity continued to normalize, the economy remained on a moderate recovery track.」
The reclassification of COVID-19 as a Category V infectious disease and the normalization of social and economic activity continued to be noted, and the impact of constraints on business activities caused by the spread of infection remained mitigated. - FY2024-Q1MitigatedAnnual report
「As COVID-19 was reclassified as a Category V infectious disease and social and economic activity continued to normalize, the economy remained on a moderate recovery track.」
The reclassification of COVID-19 as a Category V infectious disease and the normalization of social and economic activity were noted, and the impact of constraints on business activities caused by the spread of infection was further mitigated from the previous fiscal year. - FY2023MitigatedAnnual report
「Although the effects of COVID-19 are gradually weakening, if a new infectious disease were to occur and spread among Group employees, the Group's operating results and other aspects of its performance could be affected by lower sales resulting from a temporary suspension of operations.」
The effects of COVID-19 were described as having gradually weakened, and the impact of the previous infectious disease was mitigated. However, the risk of production stoppages due to the spread of a new infectious disease remains. - FY2023-Q3MitigatedAnnual report
「Although the effects of COVID-19 continued, social and economic activity gradually moved toward normalization as restrictions on activities were eased, and the economy showed signs of a moderate recovery.」
Although the effects of COVID-19 remained, the easing of restrictions on activities and normalization of social and economic activity partially mitigated the impact of lockdowns and other factors through the previous quarter. - FY2023-Q2WorsenedAnnual report
「Although domestic earnings began to recover in the second quarter as increases in product prices progressed, the consolidated subsidiaries 東邦化学（上海）有限公司 and 東邦化貿易（上海）有限公司 were significantly affected by Shanghai's lockdown.」
Shanghai's lockdown significantly affected not only 東邦化学（上海）有限公司 but also 東邦化貿易（上海）有限公司, and its impact on sales and operations at the overseas subsidiaries emerged as a factor affecting earnings for the period. - FY2023-Q1MaterialisedAnnual report
「Accordingly, the impacts of Shanghai's lockdown after 1 April and of the explosion and fire at Sinopec Shanghai Petrochemical Co., Ltd., which is located near 東邦化学（上海）有限公司, are not included in the consolidated results for the first quarter of the current fiscal year.」
The impact of Shanghai's lockdown occurred, but it was explained that, due to the subsidiaries' fiscal year-end dates, it was not included in the consolidated results for the first quarter of the current fiscal year. - FY2022WorsenedAnnual report
「In fiscal 2022, there were concerns about the impact of Shanghai's lockdown under China's zero-COVID policy.」
The COVID-19 pandemic continued to affect demand, market development and operations at the Shanghai subsidiary, and concerns also arose regarding the impact of Shanghai's lockdown in fiscal 2022. - FY2020First statedAnnual report
「In response to the novel coronavirus, which has recently spread globally, the Group is working to minimize its impact by thoroughly implementing measures that prioritize the safety and health of employees and their families, including working from home, staggered working hours, restrictions on business travel and daily temperature checks, as well as by monitoring production, sales, inventory and logistics conditions. However, if an infectious disease were to occur and spread among Group employees, the Group's operating results and other aspects of its performance could be affected by lower sales resulting from a temporary suspension of operations.」
Regarding COVID-19, the company newly identified the risk of temporary production stoppages caused by the spread of infections among employees, separate from external-environment risks resulting from lower demand. Countermeasures include working from home, staggered working hours, restrictions on business travel, temperature checks, and monitoring production and logistics conditions.