Impact of the COVID-19 Pandemic on Demand and Business Activities
First written in FY2020. 5 of 12 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2024: 5 of 23 companies on the "Worse" side.
10 other companies' latest entry also says "Dropped".
- FY2024DroppedAnnual report
「As the business environment surrounding the company shifted into the post-COVID period and economic activity and lifestyles returned to pre-pandemic conditions, demand entered an adjustment phase.」
Rather than listing the spread of COVID-19 as a standalone major risk, the company described the situation as a transition into the post-COVID period and an adjustment in demand. - FY2023-Q3RestatedAnnual report
「Although restrictions on movement related to COVID-19 were gradually being eased, the company continued to promote working from home and staggered working hours in indirect departments and thoroughly implement infection-prevention measures for all employees, including temperature checks, disinfection and mask-wearing when reporting to work. It maintained its production system and fulfilled its supply responsibilities. The company will continue to thoroughly implement infection-prevention measures and work to maintain business continuity.」
While restrictions on movement were gradually being eased, the company reaffirmed its policy of continuing infection-prevention measures, maintaining its production system and fulfilling its supply responsibilities. - FY2023-Q2RestatedAnnual report
「Although restrictions on movement related to COVID-19 were gradually being eased, the company continued to promote working from home and staggered working hours in indirect departments and thoroughly implement infection-prevention measures for all employees, including temperature checks, disinfection and mask-wearing when reporting to work. It maintained its production system and fulfilled its supply responsibilities. The company will continue to thoroughly implement infection-prevention measures and work to maintain business continuity.」
While restrictions on movement were gradually being eased, the company continued its policy of maintaining its production system under infection-prevention measures and fulfilling its supply responsibilities. - FY2023-Q1RestatedAnnual report
「Although the timing of the containment of COVID-19 remained unforeseeable, the company adapted its working practices to the pandemic, promoting working from home and staggered working hours in indirect departments and thoroughly implementing infection-prevention measures for all employees, including temperature checks, disinfection and mask-wearing when reporting to work. It maintained its production system and fulfilled its supply responsibilities. The company will continue to thoroughly implement infection-prevention measures and work to maintain business continuity.」
While stating that the timing of the containment of the pandemic remained unforeseeable, the company maintained its production system under infection-prevention measures and fulfilled its supply responsibilities. - FY2022MaterialisedAnnual report
「In overseas markets, sales activities were restricted in East Asia and ASEAN due to the spread of COVID-19, and revenue fell below that of the same period a year earlier because of a decline in orders.」
The impact of the spread of COVID-19 was reflected in full-year results through restrictions on sales activities and a decline in orders in East Asia and ASEAN. Meanwhile, sales volume increased in the Americas. - FY2022-Q3WorsenedAnnual report
「In overseas markets, the Americas remained resilient, with sales roughly in line with the previous year. In East Asia and ASEAN, however, business activities were restricted due to the spread of COVID-19, and sales fell below those of the same quarter of the previous year as orders declined.」
The impact of the COVID-19 pandemic continued and expanded in the form of restrictions on sales activities and a decline in orders in East Asia and ASEAN. Meanwhile, acceptance inspections proceeded smoothly in Japan as economic activity resumed. - FY2022-Q1RestatedAnnual report
「Although the end of the COVID-19 pandemic is not yet in sight, regulations in various countries have been eased gradually as vaccination programs have progressed, and the outlook remains uncertain amid expectations that the normalization of economic activity will push up the prices of various raw materials.」
While stating that the timing of the containment of COVID-19 remained unforeseeable, the company also noted moves toward deregulation and the normalization of economic activity. - FY2021Full-year impact finalizedAnnual report
「In the group's results for the fiscal year, sales of food-service and cosmetics-related products declined due to the impact of the spread of COVID-19, but the overall impact was limited because products for prepared and home meals performed well.」
The decline in food-service and cosmetics-related products coincided with strong performance in prepared- and home-meal-related products, and the overall impact of the spread of COVID-19 on full-year results was described as limited. - FY2021-Q3RestatedAnnual report
「In the packaging machinery segment, as the economic downturn caused by the COVID-19 pandemic showed no sign of abating, sales volume declined due to deferred capital investment and delays in installation and acceptance inspections caused by travel restrictions associated with the spread of COVID-19. As a result, revenue was ¥1,751 million, down 6.6% from the same period a year earlier.」
The economic downturn caused by the COVID-19 pandemic, deferred capital investment, travel restrictions, and delays in installation and acceptance inspections continued to be reflected in lower sales volume and a 6.6% decline in packaging machinery segment revenue. - FY2021-Q2WorsenedAnnual report
「In the packaging machinery segment, as an exit from the economic downturn caused by the COVID-19 pandemic remained out of sight, unit sales declined due to the postponement of capital investment and delays in installation and acceptance inspections resulting from mobility restrictions associated with the spread of COVID-19. As a result, sales were ¥999 million, down 20.0% from the same quarter of the previous year.」
The impact of the spread of COVID-19 continued to be reflected in the economic downturn, deferred capital investment, travel restrictions, delays in installation and acceptance inspections, and a 20.0% decline in packaging machinery segment revenue. - FY2021-Q1MaterialisedAnnual report
「In the packaging machinery segment, as the economic downturn caused by the COVID-19 pandemic showed no sign of abating, sales volume declined due to weaker capital investment appetite and delays in installation and acceptance inspections caused by travel restrictions associated with the spread of COVID-19. As a result, revenue was ¥418 million, down 31.5% year on year.」
The economic downturn caused by the spread of COVID-19, weaker capital investment appetite and travel restrictions were reflected in actual results through delays in installation and acceptance inspections and a 31.5% decline in packaging machinery segment revenue. - FY2020First statedAnnual report
「In the packaging machinery segment, the company pursued proactive sales activities, including exhibiting at domestic and overseas trade shows and developing new customers. However, sales fell to ¥2,518 million, down 8.1% year on year, as the number of units sold declined due to delays in business discussions and installation schedules associated with the spread of COVID-19.」
The company treated the spread of COVID-19 as a standalone business risk and stated that business negotiations and installations were delayed, resulting in lower revenue in the packaging machinery segment.