Impact of the COVID-19 Pandemic on Orders, Operations and the Supply Chain
First written in FY2020. 5 of 13 entries say "Softened", first in FY2022-Q1. Latest entry: FY2024.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024SoftenedAnnual report
「Restrictions on movement and overseas travel related to COVID-19 were eased, economic activity moved toward normalization, and the economy entered a gradual recovery trend.」
The disclosure describes the easing of movement and travel restrictions related to the infection and the normalization of economic activity, explaining that its direct impact on orders and operations had weakened further. - FY2024-Q1SoftenedAnnual report
「Although social and economic activity moved toward normalization as restrictions on activities to prevent the spread of COVID-19 were eased, including the disease's reclassification to Category 5,」
The company described the normalization of social and economic activity following COVID-19's reclassification to Category 5 and the easing of restrictions on activities, indicating that the direct impact of the disease had eased. However, indirect impacts, such as production adjustments by automakers, remain. - FY2023SoftenedAnnual report
「During the consolidated fiscal year, Japan's economic conditions showed signs of a gradual recovery, led by domestic demand, as the impact of COVID-19 gradually eased, while」
The company explained that the impact of COVID-19 gradually eased, reducing the direct pressure on demand and operations seen through the previous fiscal year. However, production adjustments due to semiconductor shortages continued. quantified=false, materialized=true. - FY2023-Q3RestatedAnnual report
「Although demand in the automotive industry remains high, stable procurement in line with demand, including semiconductors, has not been secured, forcing automakers to revise their production plans downward.」
The impact of supply chain disruptions and semiconductor shortages arising from the spread of COVID-19 has continued to manifest itself in downward revisions to automakers' production plans. quantified=false, materialized=true. - FY2023-Q1WorsenedAnnual report
「In Japan, production adjustments by automakers resulting from the Shanghai lockdown that began in April have also had a significant impact.」
While demand is on a recovery trend, the impact of COVID-19 has continued and become more concrete in the form of production adjustments by automakers due to the Shanghai lockdown. - FY2022SoftenedAnnual report
「Global economic conditions during the fiscal year saw a gradual economic recovery, as policies balancing infection control and economic activity became widespread in various countries despite the resurgence of COVID-19.」
Although the risks to orders, procurement, and operations arising from the renewed spread of COVID-19 remain, the impact has gradually eased as restrictions on economic activity have been relaxed, and the company explains that demand is generally recovering. - FY2022-Q3RestatedAnnual report
「In addition to the impact of production adjustments at automakers and parts manufacturers, which are major customers, due to semiconductor shortages and other factors,」
The impact of supply chain disruptions and semiconductor shortages arising from the spread of COVID-19 has continued to manifest itself in production adjustments by automakers and others. - FY2022-Q2WorsenedAnnual report
「In the automobile industry, a major customer industry of the Group, production adjustments began as a result of supply chain disruptions and semiconductor shortages caused by COVID-19,」
The impact of COVID-19 has continued and expanded beyond its effects on orders and operations to include supply chain disruptions, semiconductor shortages, and production adjustments. - FY2022-Q1SoftenedAnnual report
「Global economic conditions during the cumulative first quarter under review generally saw a rapid recovery in demand, despite regional differences in the spread of COVID-19.」
Although regional differences remain in the spread of COVID-19, the company explained that demand had generally recovered rapidly, and that the impact on orders and operations through the previous fiscal year had eased somewhat. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter, production, orders, and sales fell significantly. This was due to a decline in orders from major customers as a result of COVID-19.」
The decline in orders from major customers due to COVID-19 continued to manifest itself in significant declines in production, orders, and sales. At the same time, the company explained that orders were showing signs of recovery. - FY2021-Q2WorsenedAnnual report
「During the cumulative second quarter, production, orders, and sales fell significantly. This was due to a decline in orders from major customers as a result of COVID-19.」
The decline in orders from major customers due to COVID-19 continued to manifest itself in the second quarter as significant declines in production, orders, and sales. - FY2021-Q1MaterialisedAnnual report
「During the cumulative first quarter, production, orders, and sales fell significantly. This was due to a decline in orders from major customers as a result of COVID-19.」
The decline in orders from major customers due to COVID-19 has actually resulted in significant declines in production, orders, and sales. - FY2020MaterialisedAnnual report
「In regions where COVID-19 is spreading, production activities and sales have been significantly disrupted by declines in orders for transportation equipment, particularly automobiles, delays in procuring raw materials and parts, and lower factory operating rates.」
The company has for the first time identified COVID-19 as a standalone major risk and explained that declines in orders, procurement delays, and lower operating rates have actually occurred.