Impact of COVID-19 on demand, procurement, operations and logistics
First written in FY2020. 3 of 9 entries say "Worsened", first in FY2021-Q1. Latest entry: FY2024.
Pacific Metals 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 2025: 5 of 16 companies on the "Worse" side.
10 other companies' latest entry also says "Dropped".
- FY2024DroppedAnnual report
「Regarding the consolidated earnings forecast, concerns about an economic downturn stemming from China's real estate problems, heightened tensions in the Middle East and Ukraine, and the impact of cumulative monetary tightening in Europe, the United States and elsewhere continue to affect the Japanese and global economies.」
The FY2024 discussion of risks and the operating environment does not explicitly mention the impact of COVID-19 on demand, procurement or operations. - FY2023RestatedAnnual report
「The impact of the pandemic and the situation in Ukraine is expected to continue into the following consolidated fiscal year.」
The Company reaffirmed its view that the impact of the pandemic and the situation in Ukraine would continue into the following fiscal year. - FY2023-Q3Explicit disclosure of the impact of China's pandemic-control measures on market conditionsAnnual report
「Demand in the stainless steel industry had been showing signs of recovery as economic activity normalised, but market conditions have become increasingly uncertain due to the impact of China's pandemic-control measures, the sluggish real estate market and concerns about a prolonged situation in Ukraine, among other factors.」
China's pandemic-control measures were specifically cited as a factor increasing uncertainty in stainless steel market conditions. - FY2023-Q1WorsenedAnnual report
「Demand in the stainless steel industry had been showing signs of recovery as economic activity normalised, but market conditions have become increasingly uncertain due to the impact of restrictions on economic activity amid the resurgence of the pandemic in China and concerns about a prolonged situation in Ukraine, among other factors.」
Restrictions on economic activity in China amid the resurgence of the pandemic were specifically cited as a factor increasing uncertainty in stainless steel market conditions. - FY2022RestatedAnnual report
「The impact of the pandemic and the situation in Ukraine is expected to continue into the following consolidated fiscal year.」
The Company reaffirmed its view that the impact of COVID-19 would continue into the following fiscal year. - FY2022-Q3RestatedAnnual report
「The impact of the pandemic is expected to continue during the consolidated fiscal year.」
The Company reaffirmed its view that the impact of COVID-19 would continue during the consolidated fiscal year. - FY2021-Q3WorsenedAnnual report
「During the fourth quarter of the consolidated fiscal year, states of emergency were reissued in some areas, making the economic outlook extremely uncertain. A significant impact on the Group is also expected.」
The resurgence of the pandemic and reissuance of states of emergency increased uncertainty about the economic outlook and the expected impact on the Group. - FY2021-Q1WorsenedAnnual report
「Demand contracted sharply as a result of COVID-19, and conditions remained challenging.」
A sharp contraction in demand caused by the pandemic materialised, with ferronickel sales volume declining 45.3% year on year. The impact on demand, operations and procurement conditions has deepened since the end of the previous fiscal year. - FY2020First statedAnnual report
「COVID-19 is having a rapid impact on economic conditions in Japan and overseas, making the economic outlook extremely uncertain. A significant impact on the Group is also expected.」
The pandemic affected fourth-quarter demand and operating conditions, led to the suspension of operations at some mines and caused LME nickel prices to decline, indicating that prolonged disruption could affect the Group's financial position, results of operations and cash flow through logistics stagnation and other factors.