Disruptions to Production and Logistics in China Caused by COVID-19
First written in FY2020-Q3. 1 of 5 entries say "Materialised", first in FY2020. Latest entry: FY2023-Q3.
HITO-Communications Holdings moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2022: 5 of 10 companies on the "Worse" side.
3 other companies' latest entry also says "Mitigated".
- FY2023-Q3MitigatedAnnual report
「In the wholesale business, revenue increased year on year as production conditions improved with the normalization of China's supply chain and sales of trend products, including spring items, performed well.」
Regarding the previously described disruption to production and logistics in China, the normalization of the supply chain and improvement in production conditions were described, indicating that the risk was trending lower. - FY2022-Q3WorsenedAnnual report
「The outlook for the economy remains uncertain, including the impact on corporate earnings and personal consumption of rising prices due to fluctuations in financial and capital markets and the lockdown in Shanghai associated with China's zero-COVID policy.」
China's zero-COVID policy and the lockdown in Shanghai were explicitly described as external factors, while the wholesale business was also described as having been affected by unstable production conditions in China, its main manufacturing base. - FY2022-Q1RestatedAnnual report
「The company was affected by unstable production conditions in China, its main manufacturing base.」
Unstable production conditions in China's main manufacturing locations continued to be described as an actual impact on the wholesale business. - FY2020MaterialisedAnnual report
「During the fiscal year, some disruption occurred in production and logistics in China due to COVID-19. However, in addition to strengthening sales activities targeting major domestic retailers, the company worked to establish a foundation for sustainable growth by developing new customers.」
The occurrence of disruption in production and logistics in China was described as part of the full-year business conditions. - FY2020-Q3First statedAnnual report
「During the nine months ended the third quarter, some disruption occurred in production and logistics in China due to COVID-19. However, the company worked to expand sales by focusing on product planning and wholesale sales activities for major domestic retailers' apparel products, as well as developing new customers.」
The occurrence of some disruption in production and logistics in China was described for the first time as part of the wholesale business's operating conditions.