Risk of Weak Demand and Business Impact Due to the Spread of COVID-19

「During the interim accounting period, there were no material changes relating to the emergence of new business or other risks, or to the business and other risks described in the annual securities report for the previous fiscal year.」

「Post-COVID lifestyles are becoming established, and the trend toward a reduced impact of COVID-19 on the economy and daily life is continuing.」

「There have been no material changes to the matters concerning “Business and Other Risks” described in the annual securities report for the previous fiscal year.」

「There have been no material changes to the matters concerning “Business and Other Risks” described in the annual securities report for the previous fiscal year.」

「By the end of the period, the spread of COVID-19, which had continued for 3 years, was moving toward an end, and brighter signs for the outlook had begun to emerge, including a recovery in consumption driven by rebound demand.」

「There have been no material changes to the matters concerning “Business and Other Risks” described in the annual securities report for the previous fiscal year.」

「For automotive electronic components, demand increased as the number of electronic components and semiconductors installed per finished vehicle rose with the increasing use of automotive electronics. However, the Company was unable to eliminate supply shortages for some products because of the impact of lockdowns and other measures under China's zero-COVID policy, resulting in production adjustments by automakers and a delayed recovery.」

「However, the shortage of components caused by tight semiconductor supply and demand and the impact of COVID-19 in China significantly affected automobile production, and difficult conditions continued.」

「There has been no material impact on demand for or the supply of plating chemicals, but continued attention is required regarding consumer trends affected by the spread of COVID-19.」

「The Company is continuing its business activities under stringent measures and, at present, is maintaining stable operating rates at the same level as in normal times. However, because COVID-19 is an event with a broad impact on the economy and corporate activities, and because it is difficult to predict how it will spread or when it will subside, the Company is making accounting estimates, including the recoverability of deferred tax assets, on the assumption, based on available external information and other sources, that the impact will continue for a certain period.」

「The Company is continuing its business activities under stringent measures and, at present, is maintaining stable operating rates at the same level as in normal times.」

「The Company is continuing its business activities under stringent measures and, at present, is maintaining stable operating rates at the same level as in normal times.」

「Recovery in sales of plating chemicals for connectors from the COVID-19 pandemic has been delayed. The Company is continuing its business activities under stringent measures and, at present, is maintaining stable operating rates at the same level as in normal times.」

「Although sales of plating chemicals for connectors were temporarily affected among automotive customers during the COVID-19 pandemic, recovery was rapid and the impact was limited.」

「At the Company, the impact of the COVID-19 pandemic, which had been a concern, remained limited, and demand for plating chemicals for printed circuit boards and semiconductor packaging substrates remained firm. The Company is continuing its business activities under stringent measures and, at present, is maintaining stable operating rates at the same level as in normal times.」

「As of the filing date, there has been no material impact on demand for or the supply of plating chemicals. However, if demand for plating chemicals declines as a result of the spread of COVID-19, this could affect operating results.」