Impact of COVID-19 on Business and Performance
First written in FY2021-Q1. 2 of 10 entries say "Materialised", first in FY2021-Q2. Latest entry: FY2024.
Sakura Rubber moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 77 of 112 companies on the "Worse" side.
1 other company's latest entry also says "Other".
- FY2024Easing impact of the pandemic and ongoing future risksAnnual report
「During the current consolidated fiscal year, the normalization of socioeconomic activity progressed as COVID-19 was reclassified as a Class 5 infectious disease, leading to a recovery in personal consumption and inbound consumption in Japan.」
While the direct economic impact of the pandemic has declined and socioeconomic activity has normalized, the business and other risks section continues to list the risk of unknown infectious diseases. - FY2024-Q1Declining impact of the pandemic and gradual economic recoveryAnnual report
「During the first quarter of the current consolidated fiscal year, the Japanese economy has been on a gradual recovery trend, driven by the recovery in personal consumption and increased inbound demand following the lifting of restrictions on activities related to COVID-19, as well as the recovery in manufacturing-sector earnings and production due to falling crude oil prices and the reduced impact of semiconductor shortages.」
It states that the economic impact of the pandemic has declined and the economy is on a recovery trend, against a backdrop of lifted activity restrictions, falling crude oil prices and the reduced impact of semiconductor shortages. - FY2023Easing impact alongside ongoing pandemic risksAnnual report
「The Group has established risk management regulations and disaster preparedness plans in response to disaster risks and other risks, and is implementing measures to eliminate unforeseen events as far as possible. If the emergence and spread of an unknown infectious disease causes social disruption or restricts economic activity, the Group will conduct business operations under a system that ensures sufficient safety, with reducing the infection risk to employees and related parties as its highest priority. However, delays or interruptions in various transactions could affect business results and financial condition.」
While explaining that the actual impact of COVID-19 is beginning to subside, the company continues to describe future risks arising from the emergence and spread of unknown infectious diseases. - FY2022-Q3RestatedAnnual report
「Looking ahead, although there are signs that the semiconductor shortage is easing, many destabilizing factors remain for economic activity, including soaring energy and raw material prices, disruption to global logistics services, and the resurgence of COVID-19, leaving little room for optimism.」
The resurgence of COVID-19 continues to be cited as a factor destabilizing economic activity. - FY2022-Q2WorsenedAnnual report
「Looking ahead, although concerns remain over semiconductor shortages and soaring raw material prices against the backdrop of a recovering global economy, disruptions in the supply of parts from Southeast Asia, where COVID-19 infections continued to spread, and a further resurgence of COVID-19, demand is expected to recover and business conditions improve as vaccination progresses.」
Concerns over a resurgence of COVID-19 infections continue, and disruptions to the supply of components from Southeast Asia, where infections have continued to spread, are also cited as a concern for the economic environment. - FY2022-Q1Expectations for economic recovery amid concerns over variant strainsAnnual report
「Although concerns remain about semiconductor shortages and the spread of novel coronavirus variant infections, demand recovery and improved business conditions are expected across industries as vaccination progresses.」
Although concerns remain over the spread of COVID-19 variants, the company indicates expectations for a recovery in demand and improved business conditions as vaccinations progress. - FY2021MaterialisedAnnual report
「Net sales decreased year on year in all business segments during the consolidated fiscal year. In the Fire Protection and Disaster Prevention business, the decline in sales was attributable to the loss of equipment projects for the Tokyo Olympic and Paralympic Games. In the Aerospace and Space and Industrial Products businesses, sales declined because of a lull in orders for large government-demand aircraft. In the Real Estate Leasing business, rent reductions following the closure of commercial facilities when the first state of emergency was declared in Tokyo contributed to the decline in sales.」
The impact of the pandemic included actual closures of commercial facilities and rent reductions, and declines in revenue and deterioration in performance were confirmed across all segments. - FY2021-Q3WorsenedAnnual report
「Looking ahead, although the company expects the pandemic to subside as vaccinations progress, a rapid recovery in corporate performance is not expected following the recent resurgence of infections. In an environment also described as the era of living with COVID-19, the company is required to seek new ways for society and business while taking action toward economic recovery.」
The company indicates expectations that vaccinations will bring the pandemic under control, while stating that a rapid recovery in corporate performance is not expected because of the resurgence of infections, and that future risks remain. - FY2021-Q2MaterialisedAnnual report
「As disclosed in the first quarter, in the real estate leasing business, the company reduced tenant rents after receiving requests to close commercial facilities and other premises under the state of emergency. Although this resulted in a revenue decline of approximately ¥10 million, there have been no events directly affecting net sales since July.」
Although an actual revenue decline of approximately ¥10 million resulted from tenant rent reductions in response to the pandemic, the company states that there has been no direct impact on net sales since July. The risk of a resurgence of infections remains. - FY2021-Q1First statedAnnual report
「During the first quarter of the current consolidated fiscal year, Japan's economy remained in a difficult situation amid the coronavirus pandemic, affecting both the manufacturing and non-manufacturing sectors and both domestic and external demand. Although economic activity has gradually resumed both in Japan and overseas, the pandemic is believed to be alternating between improvement and deterioration. In an environment also described as the era of living with COVID-19, the company is required to seek new ways for society and business while taking action toward economic recovery.」
The pandemic has had an actual impact on the economic environment, fire hose contracts, tenant rents and manufacturing costs. A revenue decline of approximately ¥10 million due to rent reductions has also become apparent.