Impact of the spread of COVID-19 on automobile production and business performance
First written in FY2020. 4 of 15 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2024: 1 of 7 companies on the "Worse" side.
4 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business risks and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The filing states that there have been no material changes in business and other risks, including the impact of the spread of COVID-19 on automobile production and earnings. - FY2024MitigatedAnnual report
「During the current fiscal year, Japan's economy moved toward normalization as COVID-19 transitioned to a Class 5 infectious disease. However, difficult conditions continued because of the prolonged situation in Ukraine, the emergence of a new conflict in Palestine, and rising resource, energy and other material prices caused by the weaker yen.」
The transition of COVID-19 to a Class 5 disease and the move toward normalisation of economic activity are described, indicating that the impact of the disease on economic activity is easing. - FY2024-Q3MitigatedAnnual report
「During the first 3 quarters of the fiscal year, the Japanese economy began moving toward normalization following the reclassification of COVID-19 as a Class 5 disease, but challenging conditions continued due to soaring resource and energy prices and prices of various materials caused by the prolonged situation in Ukraine, the new conflict in Palestine and the yen’s depreciation.」
The Company described the transition of COVID-19 to a Class 5 infectious disease and progress toward normalizing economic activity, indicating that the pandemic's previous impact on business activity was easing. Other external-environment risks continued. - FY2024-Q1MitigatedAnnual report
「Production activity in the automotive industry, the Company's main customer industry, was gradually recovering as the semiconductor shortage eased, while activity in the construction and industrial machinery industry remained at a low level.」
The Company stated that production activity in the automotive industry was gradually recovering as the semiconductor shortage eased, indicating an improvement from the previous decline in production caused by COVID-19. Meanwhile, the construction and industrial machinery industry remained weak. - FY2023-Q3RestatedAnnual report
「In the automotive industry, the main customer industry for Japan's bright steel and cold-heading wire industries, the semiconductor shortage that began last year remained unresolved, while shortages of parts caused by China's lockdown meant that automobile production continued to be significantly below the initial forecast.」
The continuing semiconductor shortage and shortages of parts caused by China's lockdown have kept automobile production significantly below the initial forecast. - FY2023-Q2WorsenedAnnual report
「In the automotive industry, the main customer industry for Japan's bright steel and cold-heading wire industries, the semiconductor shortage that began last year remained unresolved, while shortages of parts caused by China's lockdown meant that automobile production was significantly below the initial forecast.」
The Company stated that, in addition to the continuing semiconductor shortage, shortages of parts caused by China's lockdown had occurred, and automobile production was significantly below the initial forecast. - FY2023-Q1WorsenedAnnual report
「Production activity in the automotive industry, the Company's main customer industry, has remained below the previous year's level because shortages of semiconductors and automobile parts have not been resolved.」
The Company stated that production activity in the automotive industry remained below the previous year's level because shortages of semiconductors and automobile parts had not been resolved. - FY2022Recovery in production accompanied by supply shortages and variant-related risksAnnual report
「Production activity in the automotive industry is recovering as it emerges from the impact of COVID-19. However, a decline in production volumes caused by shortages of semiconductors and parts, or a rapid increase in infections caused by COVID-19 variants, could have a significant impact on the Group's business performance.」
The Company stated that automobile production was recovering, while also noting that shortages of semiconductors and parts and the spread of infections caused by variants could affect business performance. - FY2022-Q3Firm demand, but production delays due to pandemic-related procurement disruptionsAnnual report
「Although demand in the automotive industry, the main customer industry for Japan's bright steel and cold-heading wire industries, remained firm, procurement of semiconductors and parts from Southeast Asia was disrupted by the impact of COVID-19, resulting in some production delays and other effects.」
Although automobile demand itself was described as firm, the Company stated that COVID-19-related disruptions in procuring semiconductors and parts from Southeast Asia had resulted in some production delays. - FY2022-Q2RestatedAnnual report
「In the automotive industry, the major end-user of Japan's bright steel bar and cold-heading steel wire industries, activity remained generally solid despite weakness caused by the semiconductor shortage. The construction and industrial machinery industry also continued to recover.」
The Company stated that the automotive industry remained generally firm, although it was weakening somewhat because of the semiconductor shortage, while the construction and industrial machinery industry was recovering, despite the continuing impact of COVID-19. - FY2022-Q1Automobile production moved toward recovery during the pandemic.Annual report
「Production activity in the automotive industry, our major end-user, has remained generally solid despite weakness caused by the semiconductor shortage, while the construction and industrial machinery industry has continued to show signs of recovery.」
The Company stated that production activity in the automotive industry remained generally firm despite the continuing impact of COVID-19, while the construction and industrial machinery industry was also recovering. The description shifted from a sharp decline in the first half to a recovery phase. - FY2021-Q3Automotive activity levels recovered after a decline in the first half.Annual report
「In the automotive industry, the major end-user of Japan's bright steel bar and cold-heading steel wire industries, production activity fell sharply during the first half due to plant shutdowns and production cuts, but activity levels have recovered rapidly since October.」
The Company stated that automobile production fell sharply in the first half because of COVID-19, but activity levels had recovered rapidly since October. - FY2021-Q2RestatedAnnual report
「In the automotive industry, the major end-user of Japan's bright steel bar and cold-heading steel wire industries, production activity fell sharply due to plant shutdowns and production cuts. The construction and industrial machinery industry also remained in a difficult situation, as did the automotive industry.」
The Company stated that the decline in production by major customers because of COVID-19 continued, together with plant shutdowns and production cuts. - FY2021-Q1MaterialisedAnnual report
「Production activity in the automotive industry, our major end-user, fell sharply due to plant shutdowns and production cuts, while the construction and industrial machinery industry also remains in a difficult situation, as does the automotive industry.」
The impact of COVID-19 on automobile production and business performance, identified as a risk in the previous fiscal year, was stated to have materialized as a decline in production by major customers because of plant shutdowns and production cuts. - FY2020First statedAnnual report
「The COVID-19 pandemic has significantly slowed production activity in the automotive industry. Although the Company expects the impact of COVID-19 to be concentrated in the first half and activity to recover in the second half, it may have a significant impact on the Group's business performance.」
The Company stated that production activity in the automotive industry had actually slowed significantly because of the COVID-19 pandemic, indicating the possibility of a significant impact on business performance.