Impact of COVID-19 on the Global Economy and Business Activities
First written in FY2020. 7 of 16 entries say "Restated". Latest entry: FY2026.
Mipox moved to the "Worse" side of this theme in 2026, 6 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 119 of 169 companies on the "Worse" side.
18 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「The group has operating bases in Japan and overseas. If these bases, particularly factories, suffer significant damage from an unexpectedly large earthquake, fire, typhoon, flood or other weather-related disaster, or an unknown infectious disease, production activities may be suspended for a considerable period, adversely affecting operating performance and financial condition.」
The company has reorganized its disclosures from descriptions of individual impacts centered on COVID-19 to the risk of operating-base shutdowns, including those caused by natural disasters and unknown infectious diseases. - FY2024-Q3RestatedAnnual report
「We will continue to closely monitor the future course of the impact of the spread of COVID-19 on the business.」
Reiterates the policy of continuing to closely monitor the impact of COVID-19 on the business. - FY2024-Q1MitigatedAnnual report
「In the first quarter of the current consolidated cumulative period, Japan's economy was gradually recovering, as the transition of COVID-19 to Category V under the Infectious Diseases Control Law led to easing of restrictions on personal behavior and signs of increased economic and social activity emerged.」
The company states that restrictions on personal behavior were eased following COVID-19's transition to Category V and that the domestic economy was gradually recovering. Meanwhile, the business and other risks section continues to monitor the impact. - FY2023MitigatedAnnual report
「During the consolidated fiscal year, restrictions on economic activity related to COVID-19 became limited, but prices also rose as a result of higher energy prices and exchange-rate movements reflecting the yen's depreciation, amid the prolonged situation in Ukraine, geopolitical risks in US-China relations and the effects of monetary tightening aimed at curbing inflation.」
While stating that restrictions on economic activity related to COVID-19 were becoming limited, the company notes that external-environment risks, including geopolitical risks, monetary tightening and higher energy prices, remain. - FY2023-Q3RestatedAnnual report
「We will continue to closely monitor the future course of the impact of the spread of COVID-19 on the business.」
We continue to closely monitor the impact of COVID-19 on the business. - FY2023-Q2RestatedAnnual report
「We will continue to closely monitor the future course of the impact of the spread of COVID-19 on the business.」
We continue to closely monitor the impact of COVID-19 on the business. - FY2023-Q1RestatedAnnual report
「We will continue to closely monitor the future course of the impact of the spread of COVID-19 on the business.」
We continue to closely monitor the impact of COVID-19 on the business. - FY2022Continuing effects amid the renewed spread of variantsAnnual report
「During the consolidated fiscal year, Japan's economy saw a decline in new infections as vaccination against COVID-19 was promoted, but restrictions and easing measures on economic activity were repeatedly introduced in response to the renewed spread of infections from new variants.」
While describing vaccination as a factor contributing to improvement, the company states that restrictions and easing measures on economic activity were repeatedly introduced as new variants spread again. - FY2022-Q3RestatedAnnual report
「We will continue to closely monitor the future course of the impact of the spread of COVID-19 on the business.」
We continue to closely monitor the impact of COVID-19 on the business. - FY2022-Q2RestatedAnnual report
「We will continue to closely monitor the future course of the impact of the spread of COVID-19 on the business.」
The company continues to monitor the impact of COVID-19 on its business. It states that there have been no new developments or material changes regarding business and other risks. - FY2022-Q1RestatedAnnual report
「We will continue to closely monitor the future course of the impact of the spread of COVID-19 on the business.」
The company continues to monitor the impact of COVID-19 on its business. It states that there have been no new developments or material changes regarding risks. - FY2021MitigatedAnnual report
「As a result, although operations at overseas sites were temporarily suspended due to lockdowns, there was no material impact on business activities.」
Although operations at overseas sites were temporarily suspended, the company states that business activities were not materially affected due to telework, infection-control measures and structural reforms. - FY2021-Q3Continuing effects of infection and partial recovery in demandAnnual report
「In the semiconductor market, demand for data centers and PCs increased as a result of demand for systems supporting telework, remote meetings and other measures to prevent the spread of COVID-19. Market conditions for both hard disks and optical fiber therefore remained firm, while demand from the automobile and automotive component sectors also showed some signs of recovery.」
While the effects of COVID-19 on the economy and business continued, semiconductor-related demand associated with telework and other activities remained firm, and automobile-related demand showed some signs of recovery. - FY2021-Q2Signs of recovery amid continuing effectsAnnual report
「In the first quarter, the business environment surrounding the company was generally severe, as some customer companies in various countries and regions, including automobile manufacturers and electronic component manufacturers, suspended operations and closed their facilities due to the spread of COVID-19. In the second quarter, however, China resumed economic activity at an early stage, followed by the United States and Europe, which also began moving toward a resumption of economic activity, and the company's sales showed signs of recovery in each region.」
While the effects of customer factory shutdowns and other disruptions caused by COVID-19 continued, sales in each region showed signs of recovery as economic activity resumed in China, the United States and Europe. - FY2021-Q1MaterialisedAnnual report
「Although the company's factories in Malaysia, Thailand, China and Japan were able to operate normally, the overall business environment was severe, as some customer companies in various countries and regions, including automobile manufacturers and electronic component manufacturers, suspended operations and closed their facilities due to the spread of COVID-19. As a result, the company's sales struggled to grow in each region. Demand related to semiconductors remained firm, but demand related to automobiles declined substantially.」
The spread of COVID-19 caused customer factories to suspend operations or close, resulting in a substantial decline in automobile-related demand and sluggish sales growth in each region. - FY2020First statedAnnual report
「During the current fiscal year, the global economy had been recovering moderately, but the impact of the COVID-19 pandemic spread from China to Asia, Europe and the United States, causing a sharp slowdown.」
The sharp slowdown in the global economy caused by the worldwide spread of COVID-19 and the temporary suspension of operations at overseas sites were described specifically for the first time.