Operating, Supply Chain and Demand Risks Arising from the Spread of COVID-19
First written in FY2020. 3 of 14 entries say "Worsened", first in FY2021-Q2. Latest entry: FY2024.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024MitigatedAnnual report
「As restrictions on people’s activities were eased in response to COVID-19, social and economic activity returned to normal and the economy entered a gradual recovery trend.」
The easing of restrictions on people’s activities and the normalization of social and economic activity were described, indicating that the impact of COVID-19 on the business environment is declining. - FY2024-Q1MitigatedAnnual report
「As COVID-19 was reclassified as a Class 5 infectious disease and economic activity normalized, the economy is on a gradual recovery trend.」
The transition of COVID-19 to Class 5 and the normalization of economic activity were described, indicating that the impact of the pandemic on the business environment is declining. However, it was not stated that the impact of COVID-19 had completely disappeared. - FY2023MitigatedAnnual report
「Although there is still no clear prospect for an end to the impact of COVID-19 on estimates, the Group expects no changes to the significant accounting judgments and estimates in these consolidated financial statements because the impact on its business activities and operating results is limited.」
Although there is still no clear prospect for an end to the pandemic, the company indicated that its impact on business activities and operating results is limited. - FY2023-Q3Social and economic activity normalized despite the continuing impact of COVID-19Annual report
「Although the impact of COVID-19 continued on Japan’s economy during the cumulative third-quarter consolidated period, signs of recovery emerged as social and economic activity normalized, partly owing to the easing of restrictions on people’s activities.」
Although the impact of COVID-19 continued, the easing of restrictions on people’s activities was described as contributing to the normalization of social and economic activity and an economic recovery. - FY2023-Q2Continuing impact of renewed COVID-19 outbreaks and China’s lockdownsAnnual report
「Although Japan’s economy showed signs of a gradual recovery during the cumulative second-quarter consolidated period, it was significantly affected by the renewed spread of COVID-19, declining automobile production and higher raw material prices. An unpredictable situation is expected to continue.」
The renewed spread of COVID-19 continued to be identified as a source of uncertainty in the business environment, and the impact of China’s lockdowns on sales of hobby paints was also described. - FY2023-Q1WorsenedAnnual report
「Under these conditions, net sales for the cumulative first-quarter consolidated period were ¥12,790 million, down 0.9% year on year, operating profit was ¥222 million, down 76.5%, ordinary profit was ¥290 million, down 71.1%, and net income attributable to owners of the parent was ¥148 million, down 78.4%.」
Although COVID-19 infections were declining, the impacts of semiconductor shortages, higher energy prices, logistics disruptions and higher raw material prices continued. Net sales fell 0.9% and operating profit fell 76.5%. - FY2022-Q3Continued recovery in operating performance amid ongoing COVID-19 impacts, supply constraints and logistics disruptionsAnnual report
「Overseas economies also remained uncertain, owing to the renewed spread of COVID-19, primarily driven by variant strains, and the resulting supply chain disruptions. Under these conditions, net sales for the cumulative third-quarter consolidated period were ¥36,741 million, up 3.8% year on year, operating profit was ¥1,385 million, up 77.5%, ordinary profit was ¥1,672 million, up 57.4%, and net income attributable to owners of the parent was ¥1,051 million, up 85.1%.」
While the renewed spread of COVID-19 caused by variant strains and supply chain disruptions continued, net sales rose 3.8% and operating profit rose 77.5%, indicating continued recovery in operating performance. - FY2022-Q2Recovery in operating performance amid continuing COVID-19 impacts, supply constraints and logistics disruptionsAnnual report
「Although COVID-19 vaccinations were progressing, the Group was significantly affected by the spread of variant strains and semiconductor shortages, and an unpredictable situation is expected to continue. Overseas economies also remained uncertain, owing to factors including lockdowns resulting from the renewed spread of COVID-19, plant shutdowns caused by semiconductor shortages, and logistics disruptions caused by delays in ocean transport and customs clearance. Under these conditions, net sales for the cumulative second-quarter consolidated period were ¥25,032 million, up 17.6% year on year, and operating profit was ¥1,299 million, compared with an operating loss of ¥366 million in the same quarter of the previous year.」
While the effects of renewed COVID-19 outbreaks, plant shutdowns, and delays in ocean transport and customs clearance continued, net sales for the cumulative second-quarter period rose 17.6% and operating profit was ¥1,299 million, indicating a recovery in operating performance from the previous year. - FY2022-Q1Recovery in operating performance amid continuing uncertainty, including the impact of COVID-19Annual report
「For the cumulative first-quarter consolidated period, net sales were ¥12,908 million, up 14.3% year on year, operating profit was ¥944 million, up 816.9%, ordinary profit was ¥1,005 million, up 223.4%, and net income attributable to owners of the parent was ¥686 million, up 338.8%.」
Under a business environment in which COVID-19 and semiconductor supply concerns continued, net sales and each profit measure recovered from the previous year. Risks to operations, the supply chain and demand arising from COVID-19 and other factors continued to be disclosed separately. - FY2021WorsenedAnnual report
「For the consolidated fiscal year, net sales were ¥49,498 million, down 6.8% year on year, operating profit was ¥1,620 million, down 7.4%, ordinary profit was ¥1,898 million, down 4.7%, and net income attributable to owners of the parent was ¥1,220 million, down 1.2%.」
In the fiscal year in which the impact of COVID-19 continued, net sales, operating profit, ordinary profit and net income attributable to owners of the parent were all below the previous year. Operating profit nevertheless remained positive for the full year. - FY2021-Q3Maintained operating profitability despite the continuing impact of COVID-19Annual report
「For the cumulative third-quarter consolidated period, net sales were ¥35,382 million, down 14.3% year on year, operating profit was ¥780 million, down 51.7%, ordinary profit was ¥1,062 million, down 41.9%, and net income attributable to owners of the parent was ¥568 million, down 52.0%.」
The challenging demand and operating environment resulting from the impact of COVID-19 continued, and net sales and each profit measure were below the previous year’s levels. Operating profit, however, remained positive in the cumulative third-quarter period. - FY2021-Q2WorsenedAnnual report
「Under these conditions, net sales for the cumulative second-quarter consolidated period were ¥21,294 million, down 24.2% year on year, operating loss was ¥366 million, compared with operating profit of ¥1,108 million in the same quarter of the previous year, ordinary loss was ¥141 million, compared with ordinary profit of ¥1,260 million, and net loss attributable to owners of the parent was ¥308 million, compared with net income attributable to owners of the parent of ¥852 million.」
As the impact of COVID-19 continued, net sales for the cumulative second-quarter period declined 24.2%, and operating profit, ordinary profit and net income attributable to owners of the parent all turned into losses. - FY2021-Q1MaterialisedAnnual report
「For the cumulative first-quarter consolidated period, net sales were ¥11,298 million, down 17.3% year on year, operating profit was ¥103 million, down 81.6%, ordinary profit was ¥311 million, down 53.1%, and net income attributable to owners of the parent was ¥156 million, down 63.9%.」
Amid the impact of the spread of COVID-19, consolidated net sales fell 17.3%, operating profit fell 81.6%, ordinary profit fell 53.1%, and net income attributable to owners of the parent fell 63.9%. Specific impacts were also described for each business, including plant shutdowns, construction postponements and delays, and sluggish sales in overseas markets. - FY2020MaterialisedAnnual report
「Regarding the global spread of the novel coronavirus (COVID-19), which began in November 2019, the Group has implemented measures such as thorough hygiene management and working from home to prevent employee infections. However, if the spread continues for an extended period, the Group’s operating results and other matters may be affected by operating shutdowns caused by employee infections, supply chain disruptions, and lower sales resulting from customers suspending or reducing their business activities.」
The global spread of COVID-19 occurred, and the company first explicitly identified operating shutdowns caused by employee infections, supply chain disruptions, customer activity suspensions or reductions, and lower sales as risks. Measures such as hygiene management and working from home were also described.