Risk of reduced automotive demand and production stoppages due to COVID-19
First written in FY2020. 7 of 17 entries say "Restated". Latest entry: FY2026.
Nihon Tokushu Toryo moved to the "Worse" side of this theme in 2020, 2 years before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 5 of 15 companies on the "Worse" side.
3 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Various measures to contain COVID-19, including economic support, have been implemented in countries around the world, and socioeconomic activity has generally returned to normal.」
The company continues to describe the impact of COVID-19 on socioeconomic activity as having normalized. - FY2025MitigatedAnnual report
「Restrictions associated with COVID-19 were eased, and socioeconomic activity moved toward normalization.」
The impact of COVID-19 on socioeconomic activity is described as having moderated compared with previously because of the easing of restrictions and progress toward normalization. - FY2024-Q2MitigatedAnnual report
「In Japan, restrictions associated with COVID-19 were eased and socioeconomic activity moved toward normalization. However, the outlook for the economy remained uncertain because of soaring raw material and energy prices, the resulting increase in prices, and the yen’s depreciation.」
The company describes the easing of restrictions associated with COVID-19 and progress toward normalization of socioeconomic activity, indicating that the business impact of the pandemic has moderated compared with previously. However, uncertainty surrounding the economy and costs remains. - FY2024-Q1MitigatedAnnual report
「During the first quarter of the current consolidated fiscal year, restrictions associated with COVID-19 were eased and socioeconomic activity moved toward normalization. However, the outlook for the economy remained uncertain because of persistently high raw material and energy prices, concerns about an economic slowdown resulting from monetary tightening, and sharp exchange-rate fluctuations.」
The company states that restrictions associated with COVID-19 have been eased and socioeconomic activity has moved toward normalization, indicating that the business impact of the pandemic has moderated compared with previously. However, concerns about an economic slowdown, raw material and energy prices, and exchange-rate fluctuations remain. - FY2023MitigatedAnnual report
「Looking ahead, the impact of COVID-19 is expected to become limited, with normalization of socioeconomic activity and a self-sustaining economic recovery anticipated. However, uncertainty is expected to persist because of factors including elevated raw material and energy prices affected by the situation in Ukraine and concerns about an economic slowdown resulting from monetary tightening.」
The company’s view has changed to anticipate a limited impact from COVID-19 and the normalization of economic activity. However, the risks of new pandemics and supply chain disruptions remain. - FY2023-Q3RestatedAnnual report
「During the first nine months of the current consolidated fiscal year, progress in measures to prevent the spread of COVID-19 led to signs of normalization in economic activity. However, the outlook for the economy remained uncertain because of soaring raw material and energy prices against the backdrop of the situation in Ukraine and restrictions on economic activity in China, supply chain stagnation, and sharp exchange-rate fluctuations.」
While recognizing the move toward normalization of economic activity as measures to prevent the spread of the pandemic progress, the company continues to disclose concerns about the uncertain economic outlook, supply constraints, and soaring raw material and energy prices. - FY2023-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, progress in measures to prevent the spread of COVID-19 led to signs of normalization in economic activity. However, the outlook for the economy remained uncertain because of soaring raw material and energy prices against the backdrop of the situation in Ukraine and restrictions on economic activity in China, supply chain stagnation, the rapid depreciation of the yen, and growing concerns about inflation.」
While recognizing progress in measures to prevent the spread of the pandemic and the move toward normalization of economic activity, the company continues to disclose uncertainty surrounding economic activity, including the pandemic, supply constraints, and inflation concerns. - FY2023-Q1RestatedAnnual report
「During the first three months of the fiscal year, progress in measures to prevent the spread of COVID-19 led to signs of a normalization of economic activity. However, the economic outlook remained uncertain owing to soaring raw material and energy prices against the backdrop of the situation in Ukraine and restrictions on economic activity in China, supply chain disruptions, and the rapid depreciation of the yen, among other factors.」
While recognizing the move toward normalization as measures to contain the pandemic progress, the company continues to disclose the uncertainty surrounding economic activity, including the pandemic, and the impact of supply constraints. - FY2022RestatedAnnual report
「In addition, the global spread of COVID-19 since early 2020 has had a severe impact on society and economic activity. Vaccination and other measures to contain the pandemic have progressed in countries around the world, and various economic recovery support measures are beginning to have a certain effect. However, the timing of the end of the pandemic remains uncertain because of renewed outbreaks caused by variants and other factors. If the economic recovery and normalization of economic activity are significantly delayed, including as a result of supply chain disruptions, this could adversely affect the operating results and financial position of the Group.」
While recognizing the recovery factors associated with vaccination, the company continues to disclose the risk of impacts from the renewed spread of variants, uncertainty over the timing of the end of the pandemic, and supply chain disruptions. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year, the normalization of economic activity was expected as COVID-19 vaccinations progressed. However, in addition to the renewed spread of infections due to new variants, the effects of soaring raw material prices, the global semiconductor shortage and supply chain disruptions remained significant, and the economic outlook continued to be uncertain.」
Although vaccination is progressing, the outlook for the economy continues to be viewed as uncertain because of the renewed spread of infections caused by new variants. - FY2022-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, vaccination progressed in Japan and overseas, but the timing of the end of the COVID-19 pandemic remained unforeseeable, and the outlook for the economy continued to be uncertain.」
Although vaccination is progressing, the timing of the end of the pandemic remains unforeseeable, and the outlook for the economy continues to be viewed as uncertain. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, vaccination progressed in Japan and overseas, but the timing of the end of the COVID-19 pandemic remained unforeseeable, and the outlook for the economy continued to be uncertain.」
Although vaccination is progressing, the timing of the end of the pandemic remains unforeseeable, and the outlook for the economy continues to be viewed as uncertain. - FY2021MaterialisedAnnual report
「Since the beginning of 2020, the global spread of COVID-19 has severely damaged social and economic activity. Although policies aimed at containing the infection, including vaccination programs in various countries, and economic recovery support measures are beginning to have some effect, the timing of containment remains uncertain. If the economic recovery is significantly delayed, the Group’s operating results and financial position may be adversely affected.」
The decline in demand caused by COVID-19, plant shutdowns, and lower revenue and earnings occurred throughout the full fiscal year, and the realization of these risks and the continuation of their impact are described. - FY2021-Q3MaterialisedAnnual report
「In addition to lower production volumes at major automotive customers, the consolidated subsidiary in Wuhan, China temporarily suspended factory operations to prevent the spread of infection, and these and other factors resulted in a significant decline in revenue during the cumulative second quarter.」
Lower production volumes at major customers due to COVID-19 and the temporary factory shutdown at the Wuhan subsidiary affected revenue from the automotive products-related business during the cumulative third quarter. - FY2021-Q2MaterialisedAnnual report
「In addition to the sharp decline in demand in Japan and overseas, revenue from the automotive products-related business declined significantly due to temporary factory shutdowns and other measures to prevent the spread of infection」
The decline in domestic and overseas demand and factory shutdowns caused by COVID-19 actually affected revenue from the automotive products-related business during the cumulative second quarter. - FY2021-Q1MaterialisedAnnual report
「In addition to the sharp decline in demand in Japan and overseas, revenue from the automotive products-related business declined significantly due to temporary factory shutdowns and other measures to prevent the spread of infection」
The decline in domestic and overseas demand and factory shutdowns caused by COVID-19 actually resulted in a significant decline in revenue from the automotive products-related business in the first quarter. - FY2020First statedAnnual report
「Since the beginning of 2020, the global spread of COVID-19 has severely damaged social and economic activity worldwide, particularly in Europe and the United States, and the Group’s automotive products-related business has also been affected by a significant decline in orders due to production stoppages at customers’ facilities and other factors.」
The Company identified COVID-19 as a specific risk for the first time and stated that its actual effects included production stoppages at customers’ facilities and a significant decline in orders.