Risk of business and financial impacts from the spread of COVID-19
First written in FY2020-Q3. 3 of 10 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2023-Q1.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2023-Q1RestatedAnnual report
「There have been no material changes from the previous consolidated fiscal year in the assumptions used for accounting estimates related to the spread of COVID-19, as described in the additional information section of the previous fiscal year's securities report.」
The company has reconfirmed that there have been no material changes from the previous year in the accounting estimates related to the spread of COVID-19. - FY2022MitigatedAnnual report
「Although there are concerns about the impact of changes in economic conditions and the business environment resulting from the spread of COVID-19, the company determined that no material impact on business activities or operating results had arisen as of the current date and that there was no impact on accounting estimates.」
The company indicated that risks associated with the pandemic and the possibility of future impacts remain, but determined that no material impact on business activities or operating results had arisen as of the fiscal year-end. - FY2022-Q3WorsenedAnnual report
「Uncertainty continues, including due to the renewed spread of COVID-19 and rising geopolitical risks.」
In addition to the renewed spread of COVID-19, rising geopolitical risks, including the situation involving Russia and Ukraine, were explicitly identified as sources of uncertainty, broadening the disclosed scope of business environment risks associated with the pandemic. - FY2022-Q2WorsenedAnnual report
「In the group's business areas during the cumulative second quarter of the current consolidated fiscal year, overseas demand for steel scrap continued to decline due to the renewed spread of COVID-19 in Southeast Asia, concerns about an economic slowdown in China and reduced crude steel production resulting from tighter environmental regulations aimed at decarbonization. Uncertainty continues, including the ongoing reduction in manufacturing output caused by soaring ocean freight rates and semiconductor shortages and concerns about the spread of new variants.」
In addition to the renewed spread of COVID-19 in Southeast Asia, the company disclosed concerns about the spread of new variants, declining overseas demand, soaring ocean freight rates and continued reductions in manufacturing output, indicating that infectious-disease-related business environment risks had expanded. - FY2022-Q1RestatedAnnual report
「In the group's business areas during the cumulative first quarter of the current consolidated fiscal year, steel demand remained weak from the beginning of the period amid the prolonged COVID-19 pandemic, due to reduced production in the manufacturing sector caused by soaring ocean freight rates and semiconductor shortages.」
The prolonged COVID-19 pandemic, soaring ocean freight rates and reduced manufacturing output caused by semiconductor shortages have continued to affect the business environment. - FY2021RestatedAnnual report
「Conditions remain challenging due to the global spread of COVID-19, and uncertainty continues regarding the impact that the future course of infectious diseases will have on the economy.」
The company has reconfirmed the impact of the COVID-19 pandemic on the economy, overseas businesses and logistics, as well as the continuing uncertainty surrounding the future course of infectious diseases. - FY2021-Q3MaterialisedAnnual report
「In the group's business areas during the cumulative third quarter of the current consolidated fiscal year, steel demand remained firm as production in domestic and overseas manufacturing industries began to recover, despite continuing uncertainty caused by the prolonged COVID-19 pandemic and soaring ocean freight rates resulting from tight supply and demand for cargo vessels against a backdrop of a global shortage of shipping containers.」
The prolonged COVID-19 pandemic has continued, with container shortages and soaring ocean freight rates also having a tangible impact as sources of uncertainty in the business environment. - FY2021-Q2MaterialisedAnnual report
「Amid continuing uncertainty due to the prolonged COVID-19 pandemic, demand for steel products increased against a backdrop of recovering domestic and overseas production and moves to ease China's restrictions on steel scrap imports.」
The prolonged COVID-19 pandemic has continued to create uncertainty in the business environment, affecting overseas sales and logistics through the prolonged lockdown in Chile and shortages of shipping containers. - FY2021-Q1MaterialisedAnnual report
「The COVID-19 pandemic brought economic and social activity to a standstill, completely changing the working environment, and the group's business environment also remained challenging.」
The impact of COVID-19 has continued to emerge in the form of stagnant economic and social activity, lockdowns in Chile, weaker overseas sales and overall declines in revenue and profit. - FY2020-Q3First statedAnnual report
「The global spread of COVID-19 has begun to affect manufacturing and sales. It may also affect the group's operating results and financial condition, and the group will continue to monitor the situation closely.」
The company has identified the global spread of COVID-19 for the first time as a new business and other risk. It has already disclosed impacts on manufacturing, sales and procurement, including weak sales of used vehicles and used engines in Chile and Uganda and tight supply and demand for woody biomass materials due to Malaysia's lockdown.