Impact of the Novel Coronavirus on the Chinese Economy and Exports
First written in FY2020-Q3. 6 of 13 entries say "Materialised", first in FY2020. Latest entry: FY2023-Q3.
Nippon Crucible moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
0 other companies' latest entry also says "Other".
- FY2023-Q3Infectious disease impact easing, but continued vigilance regarding ChinaAnnual report
「During the first nine months of the current fiscal year, corporate business sentiment recovered and corporate earnings entered a recovery trend as economic activity normalized while measures were taken to contain the spread of COVID-19. Looking ahead, the economy is expected to move toward recovery, partly due to the effects of various policies. However, close attention is required to the prolonged Russia-Ukraine situation, risks from surging raw material and fuel prices and sharp exchange-rate movements, and infection trends in China.」
While containing the spread of COVID-19 has led to the normalization of economic activity and improved corporate earnings, infection trends in China remain an area requiring continued attention. - FY2023-Q2MaterialisedAnnual report
「The paint circulation equipment business was affected by changes in delivery schedules and other factors associated with lower operating rates in the automotive industry. Net sales fell 17.0% year on year to ¥268 million, representing 6.3% of total net sales.」
Changes in delivery schedules associated with lower operating rates in the automotive industry materialized as a 17.0% year-on-year decline in revenue in the paint circulation equipment business. - FY2023-Q1Infectious disease impact continues, with declines in revenue emerging by businessAnnual report
「The paint circulation equipment business was affected by changes in delivery schedules and other factors resulting from COVID-19. Net sales fell 47.1% year on year to ¥108 million, representing 5.0% of total net sales.」
Changes in delivery schedules and other factors resulting from COVID-19 materialized as a 47.1% year-on-year decline in revenue in the paint circulation equipment business. - FY2022Infectious disease impact continues, but business conditions and exports improveAnnual report
「During the current fiscal year, the Japanese economy remained in difficult conditions as the impact of COVID-19 expanded, but corporate business sentiment began to improve against a backdrop of higher exports accompanying the recovery in overseas economies.」
Although the difficult conditions and uncertainty caused by COVID-19 continued, the report also describes the recovery in overseas economies, higher exports and improved corporate business sentiment. - FY2022-Q3Infectious disease impact continues, but exports increase and business sentiment improvesAnnual report
「During the first nine months of the current fiscal year, the Japanese economy remained in difficult conditions as the impact of COVID-19 expanded, but corporate business sentiment improved against a backdrop of higher exports accompanying the improvement in overseas economies. Looking ahead, the recovery trend in business performance is expected to continue, partly due to the effects of various policies. However, conditions are expected to remain uncertain amid downside risks from persistently high raw material prices and the renewed spread of COVID-19 infections.」
While the expanding impact of COVID-19 prolonged difficult conditions, business sentiment improved as overseas economies recovered and exports increased. Concerns over a renewed spread of infections remain for the outlook. - FY2022-Q2Infectious disease impact continues, but exports increase and business sentiment improvesAnnual report
「During the first six months of the current fiscal year, the Japanese economy remained difficult as the impact of COVID-19 expanded, but business sentiment improved against a backdrop of higher exports accompanying the recovery in overseas economies.」
Although the expanding impact of COVID-19 prolonged difficult conditions, the report describes improved business sentiment resulting from the recovery in overseas economies and higher exports. - FY2022-Q1Economic conditions improve, but concerns over the impact of infectious diseases continueAnnual report
「During the first quarter of the current fiscal year, the Japanese economy remained in difficult conditions due to COVID-19, but business sentiment improved, particularly in manufacturing, and exports increased while production continued to recover.」
Although COVID-19 remained a factor behind the difficult conditions, the report also describes signs of improvement, including higher exports and a recovery in production. - FY2021MaterialisedAnnual report
「Amid these extremely severe economic conditions, the Group actively promoted sales expansion for its core and new products through integrated sales and engineering efforts, but revenue for the fiscal year decreased substantially, by 17.2% year on year, to ¥7,658 million. Operating profit decreased 84.6% to ¥59 million and ordinary profit decreased 69.7% to ¥125 million, also representing substantial declines.」
The impact of COVID-19 materialized as significant full-year declines in net sales, operating profit and ordinary profit. - FY2021-Q3MaterialisedAnnual report
「The impact of COVID-19 was unavoidable, and net sales for the first nine months of the current fiscal year fell 20.5% year on year to ¥5,643 million. Profit also declined significantly, with operating profit down 80.0% year on year to ¥63 million, ordinary profit down 66.1% to ¥118 million, and profit for the quarter attributable to owners of the parent down 53.6% to ¥111 million.」
The unavoidable impact of COVID-19 continued, resulting in lower net sales, operating profit, ordinary profit and profit for the quarter. - FY2021-Q2MaterialisedAnnual report
「During the first six months of the current fiscal year, the Japanese economy remained in difficult conditions due to the impact of COVID-19. Corporate earnings fell significantly as production activity was constrained by a decline in exports, mainly of automobiles, and plant shutdowns.」
The decline in exports, plant shutdowns, constraints on production activity and significant deterioration in corporate earnings caused by COVID-19 continued. - FY2021-Q1MaterialisedAnnual report
「During the first quarter of the current fiscal year, the Japanese economy continued to deteriorate rapidly under the impact of COVID-19. Corporate business sentiment deteriorated significantly as production activity was constrained by a decline in exports, mainly of automobiles, and plant shutdowns.」
Weak exports, plant shutdowns and constrained production activity caused by COVID-19 continued, with the impact on the economy and customer industries clearly emerging as weaker first-quarter results. - FY2020MaterialisedAnnual report
「Although no infections have occurred within our group, operations at each plant have declined because temporary layoffs have become unavoidable, due to lower orders resulting from reduced customer operations and the need to ensure employee safety.」
Although no COVID-19 infections had occurred, lower customer operations led to fewer orders, while temporary layoffs and lower operating rates occurred at each plant. - FY2020-Q3First statedAnnual report
「Although the effects of various policies are expected to support the economy, companies have become more cautious in assessing business conditions against a backdrop of weak exports. In addition, major concerns include U.S.-China trade friction, the impact of COVID-19 and the outlook for the Chinese economy, leaving conditions extremely uncertain.」
The impact of COVID-19 and the outlook for the Chinese economy are identified for the first time as major concerns, alongside weak exports and the US-China trade friction.