Impact of COVID-19 on Business Activities and Performance
First written in FY2020. 8 of 14 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2026RestatedAnnual report
「Depending on when the pandemic ends and its impact, business activities may remain subject to certain restrictions or impacts, which may affect performance.」
The company continued to disclose the possibility that infectious diseases and other factors could restrict business activities and affect performance. - FY2024RestatedAnnual report
「The company has prioritized the safety and health of employees, thoroughly implemented infection-control measures, and continued to consider and improve work-style reforms and the future form of business activities after the pandemic ends. However, depending on when the pandemic ends and its impact, business activities may remain subject to certain restrictions or impacts, which may affect performance.」
While continuing infection-control measures, work-style reforms and efforts to improve business activities after the pandemic ends, the company has retained the possibility of future restrictions resulting from the pandemic. - FY2024-Q2MitigatedAnnual report
「During the six months ended in the current second quarter, Japan’s economy was moving toward a recovery in social and economic activity as COVID-19 restrictions were eased,」
The company described social and economic activity as moving toward recovery following the easing of COVID-19 restrictions, indicating that the previous restrictions on business activities caused by the pandemic were easing. However, other external sources of uncertainty continued. - FY2024-Q1MitigatedAnnual report
「During the first quarter, Japan’s economy saw further improvements in consumer sentiment and progress toward the normalization of economic activity, including the removal of behavioral restrictions, following the reclassification of COVID-19 as a Class 5 disease, and」
The company stated that the reclassification of COVID-19 as a Class 5 disease, the removal of behavioral restrictions and the normalization of economic activity had progressed, indicating that the previous restrictions on business activities caused by the pandemic were easing. However, other external sources of uncertainty and declines in demand continued. - FY2023RestatedAnnual report
「However, the timing of the end of the pandemic and its impact remain uncertain. Although the company will continue to respond promptly to changes in the business environment, taking into account the possibility that business activities may remain subject to certain restrictions and impacts, these conditions may affect performance.」
The company continued to disclose uncertainty over when the novel coronavirus pandemic would end and its impact, as well as the possibility of restrictions on business activities, even after behavioral restrictions were eased. - FY2023-Q3RestatedAnnual report
「Against this backdrop, the spread of COVID-19 from November onward remained a source of instability for Japan’s economy. However, the establishment of a lifestyle adapted to living with COVID-19 helped avoid a decline in consumption caused by rising prices, and consumption of goods remained firm.」
The company continued to recognize the spread of COVID-19 as a destabilizing factor for the economy, while explaining that consumption remained firm as lifestyles adapted to living with the virus became established. - FY2023-Q1RestatedAnnual report
「During the first quarter, while there were positive signs such as recovering consumption and inbound demand as Japan sought to balance COVID-19 prevention with economic activity, continued concern over soaring resource and energy prices due to the worsening and prolongation of the situation in Ukraine was expected to have an increasingly pronounced impact. The electronic components industry, the company's main customer base, remained firm, partly due to yen depreciation, and the company's order environment also remained stable.」
The company continued to recognize the economic environment under the pandemic, while describing efforts to balance infection control with economic activity and the recovery in consumption and inbound tourism. - FY2022-Q2RestatedAnnual report
「During the six months ended in the current second quarter, business activities remained subject to certain restrictions amid the spread of the novel coronavirus. However, although uncertainty in the market environment for the company’s core electronic components industry increased based on experience during the pandemic, the company’s performance remained solid, supported by increased inventories of automotive components and higher demand for equipment related to 5G and other technologies.」
The company stated that, although certain restrictions on business activities and uncertainty in the market environment continued due to the spread of the novel coronavirus, performance during the quarter remained solid on the back of increased demand. - FY2022-Q1RestatedAnnual report
「During the first quarter, Japan's economy remained under a state of emergency due to the spread of COVID-19, with business activity subject to certain restrictions. Amid continued uncertainty and the unresolved US-China trade issue, the outlook remained highly uncertain and far from assured.」
The company reaffirmed that business activities remain subject to certain restrictions due to the spread of the novel coronavirus and the declaration of a state of emergency, with the possibility of a continuing impact on performance. - FY2021RestatedAnnual report
「The timing of the end of the pandemic and other factors remain uncertain. While the company will respond promptly to changes in the business environment, taking into account the possibility that business activities may continue to face certain restrictions, these conditions may affect business performance.」
The company stated that the timing of the end of the novel coronavirus pandemic remains uncertain, and that restrictions on business activities and the possibility of an impact on performance continue. - FY2021-Q3WorsenedAnnual report
「During the third quarter, Japan's economy was in severe conditions, with corporate activity constrained by various factors as a second wave of COVID-19 in the summer was followed by an even more severe third wave in the winter. Uncertainty remained over the timing of the pandemic's end and other matters.」
As Japan entered a third wave of COVID-19 infections, restrictions on corporate activities and uncertainty over when the pandemic would end continued. The impact of the pandemic on the business environment was described as having entered an even more difficult phase than in the second quarter. - FY2021-Q2MaterialisedAnnual report
「Although the company has been gradually restoring business activity since the lifting of the state of emergency after implementing infection-control measures, revenue in the core Ceramics business fell 16.9% year on year to ¥3,231.258 million due to the impact of suspended operations in April and May, as well as continuing restrictions on sales activities resulting from the novel coronavirus even after the declaration was lifted.」
The suspension of operations and restrictions on sales activities resulting from the novel coronavirus pandemic and the state of emergency continued into the second quarter, causing revenue in the Ceramics business to fall 16.9% year on year. - FY2021-Q1MaterialisedAnnual report
「Prioritizing the safety and health of employees, the company placed production and sales operations on essentially suspended status, resulting in extremely limited business activity and difficult conditions. In this environment, the core Ceramics business was significantly affected by the suspension of operations and restrictions on sales activities following the declaration of a state of emergency, with revenue falling 18.9% year on year to ¥1,603.823 million.」
The novel coronavirus pandemic and the associated suspension of operations and restrictions on sales activities actually limited business activity, causing revenue in the Ceramics business to fall 18.9% year on year. Revenue in the Engineering business also fell 25.2% due to restrictions on sales activities. - FY2020First statedAnnual report
「During the fiscal year under review, Japan’s economy was affected by sluggish exports amid concerns over trade friction between the United States and China, subdued capital investment and a slowdown in external demand, which began to affect corporate earnings. From the latter half of the period onward, some corporate activities were suspended as the novel coronavirus spread, while China, a manufacturing hub, entered a state of operational paralysis, creating an emergency situation in which increasingly severe impacts were expected.」
The company identified as new risks the partial suspension of corporate activities due to the spread of the novel coronavirus, the paralysis of China’s manufacturing bases, declines in orders and sales, and the expected expansion of the impact going forward.