Risk of demand decline and production stagnation due to the spread of COVID-19
First written in FY2020. 4 of 10 entries say "Restated". Latest entry: FY2026.
57 other companies' latest entry also says "Dropped".
- FY2026DroppedAnnual report
「Natural disasters, infectious diseases and other events」
There is no disclosure specifically addressing COVID-19; the pandemic has been incorporated into a general risk category together with natural disasters and other risks. - FY2023-Q3RestatedAnnual report
「Although automotive production was affected by the Shanghai lockdown and tight supply and demand for semiconductors and other components, production increased, primarily in North America, as demand recovered.」
While the effects of the Shanghai lockdown and tight supply and demand for semiconductors and other components remain, production has increased, primarily in North America, reaffirming the pandemic-related impact on demand and production. - FY2023-Q2RestatedAnnual report
「Although vehicle production in the automotive industry was recovering, it was affected by the Shanghai lockdown and prolonged shortages of semiconductors and other components.」
The Shanghai lockdown and component shortages continued to affect vehicle production, reaffirming the impact of the pandemic on demand and production. - FY2023-Q1MaterialisedAnnual report
「The impact of production cuts caused by supply-chain disruptions due to the Shanghai lockdown and shortages of semiconductors and other components continues, and the outlook remains uncertain.」
The Shanghai lockdown and component shortages related to the pandemic have had a direct business impact in the form of supply-chain disruptions and production cuts. - FY2022-Q3RestatedAnnual report
「Based on the recovery trend in demand and demand forecasts reflecting market conditions and other factors, we assume that the impact of lower sales will subside to a certain extent during the current consolidated fiscal year.」
Regarding the decline in sales caused by COVID-19, the company reaffirmed the accounting assumption that the impact would subside to a certain extent during the current consolidated fiscal year, on the assumption that demand would recover. - FY2022-Q1MitigatedAnnual report
「Although we were affected by lower sales due to the spread of COVID-19 in the previous consolidated fiscal year, we assume that the impact of lower sales will subside to a certain extent during the current consolidated fiscal year, based on the recovery trend in demand and demand forecasts reflecting market conditions and other factors.」
While recognizing the decline in sales in the previous fiscal year, the company stated the accounting assumption that the impact would subside to a certain extent in the current fiscal year, based on the recovery trend in demand. - FY2021-Q3RestatedAnnual report
「Since around late March 2020, we have been affected by production adjustments and shutdowns at major domestic and overseas customers, primarily automakers and construction-equipment manufacturers, due to the spread of COVID-19, and demand remained lower to a certain extent in the third quarter of the fiscal year ending March 2021. We assume that the impact of lower demand from major customers will continue through the fiscal year ending March 2022.」
Production adjustments, shutdowns and declining demand at major customers continued into the third quarter, reaffirming the assumption that the impact would continue through the fiscal year ending March 2022. - FY2021-Q2WorsenedAnnual report
「Since around late March 2020, we have been affected by production adjustments and shutdowns at major domestic and overseas customers, primarily automakers and construction-equipment manufacturers, due to the spread of COVID-19, and demand remained lower to a certain extent in the second quarter of the fiscal year ending March 2021. Based on trends in infection numbers in Japan and overseas, demand forecasts issued by governments and information and measures relating to the disease, we assume that lower demand from major customers will continue through the fiscal year ending March 2022.」
Production adjustments, shutdowns and declining demand due to the pandemic continued into the second quarter, and the assumption that lower demand from major customers would continue through the fiscal year ending March 2022 was newly stated explicitly. - FY2021-Q1MaterialisedAnnual report
「Since around late March 2020, we have been affected by production adjustments and shutdowns at major domestic and overseas customers, primarily automakers and construction-equipment manufacturers, due to the spread of COVID-19. We expect demand to decline to a certain extent through June and the impact to continue from July onward.」
Customer production adjustments, shutdowns and declining demand caused by COVID-19 actually occurred. The company also assumed that demand would remain lower through the third quarter and indicated the possibility of losses if the impact became prolonged. - FY2020First statedAnnual report
「There are concerns that the global economy will slow significantly because of the downturn in global consumption and stagnation in production activity caused by the spread of COVID-19.」
The spread of COVID-19 affected activity in the automotive, construction-equipment and industrial-machinery industries, our major customers, and the risk that the timing of the end of the impact could not be foreseen was explicitly disclosed for the first time.