Spread of COVID-19 and Suspension of Factory Operations in China
First written in FY2019. 5 of 13 entries say "Restated". Latest entry: FY2023-Q3.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2023-Q3MitigatedAnnual report
「During the first 9 months of the fiscal year under review, from 1 January 2023 to 30 September 2023, the global economy continued to recover as entry restrictions and infection-control measures were eased in various countries with respect to COVID-19 (hereinafter, COVID-19).」
The company states that the recovery in economic activity continued as countries lifted entry restrictions and eased infection-control measures, meaning that COVID-19-related restrictions on activity were eased further. - FY2023-Q1MitigatedAnnual report
「During the first quarter of the fiscal year under review, from 1 January 2023 to 31 March 2023, the global economy saw progress toward the normalization of economic activity, including the lifting of entry restrictions in many countries, with respect to COVID-19 (hereinafter, COVID-19).」
The company states that entry restrictions were lifted in many countries and economic activity moved toward normalization, meaning that COVID-19-related restrictions on activity were eased compared with before. - FY2022-Q2RestatedAnnual report
「The effects of Russia's invasion of Ukraine, including impacts on financial markets and higher energy prices, have become apparent. Although the uncertain business environment continues amid the global semiconductor shortage and lockdowns in China resulting from the spread of COVID-19, the Group will continue to monitor developments, work to minimize the impact on its business activities, and take appropriate measures as necessary.」
The impact of COVID-19, including lockdowns in China, and the uncertain business environment caused by the semiconductor shortage continue to be reported. - FY2022-Q1WorsenedAnnual report
「The effects of Russia's invasion of Ukraine, including impacts on financial markets and higher energy prices, have become apparent. Although the uncertain business environment continues amid the global semiconductor shortage and lockdowns in China resulting from the spread of COVID-19, the Group will continue to monitor developments, work to minimize the impact on its business activities, and take appropriate measures as necessary.」
The impact of COVID-19 has taken a new concrete form in lockdowns in China caused by the spread of infections, and the uncertain business environment continues alongside higher energy prices resulting from the invasion of Ukraine and the semiconductor shortage. - FY2021RestatedAnnual report
「Although concerns remain about the impact of a renewed spread of COVID-19 caused by the Omicron variant in countries around the world, governments are gradually shifting their focus toward reopening economic activity because the risk of severe illness following infection is relatively low, among other factors. However, there is still no clear prospect of containing the infections, and uncertainty continues.」
The company describes both the renewed spread of COVID-19 caused by the Omicron variant and the reopening of economic activity, while continuing to report an uncertain situation with no clear prospect of containing the infections. - FY2021-Q3WorsenedAnnual report
「Regarding the spread of COVID-19 (hereinafter, COVID-19), the economy has entered a recovery phase as vaccination rates have increased, but the risk of a renewed spread of COVID-19 remains a concern and there is still no clear prospect of containment. The automobile industry is generally recovering from the effects of COVID-19 infections, but automobile manufacturers, the company's major business partners, have repeatedly reduced production because of the global semiconductor shortage. In addition, the uncertain business environment continues amid higher raw material prices and rising ocean freight rates resulting from container shortages, among other factors.」
While the company reported a recovery driven by vaccinations, the uncertain business environment continued as a renewed spread of COVID-19, automobile production cuts caused by the semiconductor shortage, higher raw material prices, and surging ocean freight rates coincided. - FY2021-Q2WorsenedAnnual report
「Regarding the spread of COVID-19, automakers, the company's major customers, are increasing production in Japan and overseas as economic activity resumes, but the operating environment remains uncertain due to concerns over the spread of highly transmissible variants and the global semiconductor shortage.」
While the company reported increased production by automobile manufacturers, concerns over the spread of highly transmissible variants were added, and the uncertain business environment related to COVID-19 continued. - FY2021-Q1RestatedAnnual report
「Regarding the spread of COVID-19 (hereinafter, COVID-19), automobile manufacturers, the company's major business partners, are increasing production as economic activity resumes in Japan and overseas, but the end of the pandemic is not yet in sight and an uncertain business environment continues.」
While automobile manufacturers in Japan and overseas were increasing production, the end of the COVID-19 pandemic was not yet in sight, and the uncertain business environment continued. - FY2020WorsenedAnnual report
「If the spread of COVID-19 continues for an extended period and restrictions arise on factory operations or the procurement of specific raw materials, components and other items, prolonged constraints on business activities may affect the Group's operating results and financial position.」
In addition to reporting the actual impact of COVID-19, the company explicitly identified the risks of a prolonged pandemic, factory shutdowns, and restrictions on the procurement of raw materials and components as business and other risks. - FY2020-Q3RestatedAnnual report
「Regarding the spread of COVID-19 (hereinafter, COVID-19), automobile manufacturers, the company's major business partners, are increasing production as economic activity resumes in Japan and overseas, but the end of the pandemic is not yet in sight and an uncertain business environment continues.」
While automobile manufacturers in Japan and overseas were increasing production, the end of the COVID-19 pandemic was not yet in sight, and an uncertain business environment continued. - FY2020-Q2RestatedAnnual report
「Regarding the spread of COVID-19, automobile manufacturers, the company's major business partners, have resumed production in Japan following the lifting of the state of emergency and elsewhere as economic activity has begun to resume, but the end of the pandemic is not yet in sight and an uncertain business environment continues.」
While automobile manufacturers resumed production both in Japan and overseas, the end of the COVID-19 pandemic was not yet in sight, and the uncertain business environment and its impact on the Group continued. - FY2020-Q1MaterialisedAnnual report
「Regarding the spread of COVID-19, there is currently no clear prospect of containment, and various impacts are becoming apparent not only in Japan but worldwide. The Group is taking appropriate measures as necessary to minimize the impact on its business activities, but the Group has already been affected by factors such as production stoppages at business partners, and will continue to closely monitor developments.」
Regarding COVID-19, which was introduced as a concern in the previous fiscal year, the company states that its global impact has become apparent and that actual effects on the Group, including production stoppages at business partners, have occurred. - FY2019First statedAnnual report
「The company took into account concerns such as the review of production plans by major Chinese customers following the Chinese government's decision to extend the Lunar New Year holiday in response to the spread of COVID-19-related pneumonia since the beginning of the year, as well as the prolonged suspension of factory operations.」
The extension of holidays and suspension of factory operations in China accompanying the spread of COVID-19, together with revisions to production plans by major customers, were identified as new risks affecting 2020 results.