Economic and Operational Impact of COVID-19
First written in FY2020. 8 of 13 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2026DroppedAnnual reportThe current fiscal year's business risks do not separately identify COVID-19, but instead classify it under general infectious disease risks related to natural disasters and social disruption.
- FY2023-Q3RestatedAnnual report
「The timing of the containment of COVID-19 remains uncertain. If the pandemic continues and expands worldwide, it may adversely affect the Group's operating results and financial position, including by causing deterioration in the operations of the Company's and its customers' plants.」
The timing of the containment of the infectious disease remains uncertain, and the risk remains that its continued and expanded spread worldwide may adversely affect the operations of the Company's and its customers' plants, as well as operating results and financial position. - FY2023-Q2RestatedAnnual report
「The timing of the containment of COVID-19 remains uncertain. If the pandemic continues and expands worldwide, it may adversely affect the Group's operating results and financial position, including by causing deterioration in the operations of the Company's and its customers' plants.」
The timing of the containment of the infectious disease remains uncertain, and the risk remains that its continued and expanded spread worldwide may adversely affect the operations of the Company's and its customers' plants, as well as operating results and financial position. - FY2023-Q1RestatedAnnual report
「The timing of the containment of COVID-19 remains uncertain. If the pandemic continues and expands worldwide, it may adversely affect the Group's operating results and financial position, including by causing deterioration in the operations of the Company's and its customers' plants.」
The timing of the containment of the infectious disease remains uncertain, and the risk remains that its continued and expanded spread worldwide may adversely affect the operations of the Company's and its customers' plants, as well as operating results and financial position. - FY2022MaterialisedAnnual report
「Against this backdrop, the automakers that are major customers were forced to cut production due to the spread of COVID-19, as well as shortages of semiconductors and parts produced overseas.」
The impact of the infectious disease materialized during the current fiscal year as production cuts by major customers. However, the Group's sales volume and operating results increased due to reduced supplies of competing products from overseas, particularly China, and firm aluminum prices. - FY2022-Q3RestatedAnnual report
「The timing of the containment of COVID-19 remains uncertain. If the pandemic continues and expands worldwide, it may adversely affect the Group's operating results and financial position, including by causing deterioration in the operations of the Company's and its customers' plants.」
The timing of the containment of the infectious disease remains uncertain, and the risk remains that continued and expanded infections worldwide may adversely affect the operations of the Company's and its customers' plants, as well as operating results and financial position. - FY2022-Q2RestatedAnnual report
「The timing of the containment of COVID-19 remains uncertain. If the pandemic continues and expands worldwide, it may adversely affect the Group's operating results and financial position, including by causing deterioration in the operations of the Company's and its customers' plants.」
The timing of the containment of the infectious disease remains uncertain, and the risk remains that continued and expanded infections worldwide may adversely affect the operations of the Company's and its customers' plants, as well as operating results and financial position. Meanwhile, automotive manufacturers' production and shipments showed signs of recovery during the current quarter. - FY2022-Q1RestatedAnnual report
「The timing of the containment of COVID-19 remains uncertain. If the pandemic continues and expands worldwide, it may adversely affect the Group's operating results and financial position, including by causing deterioration in the operations of the Company's and its customers' plants.」
The timing of the containment of the infectious disease remains uncertain, and the risk remains that continued and expanded infections worldwide may adversely affect the operations of the Company's and its customers' plants, as well as operating results and financial position. - FY2021RestatedAnnual report
「The global spread of COVID-19 is an event with a broad impact on economic activity, people's daily lives and other areas. Although the timing of its containment cannot be predicted accurately, vaccinations have now begun in Japan and overseas, and the spread of the infection is expected to move toward containment. Accordingly, the Group currently assumes that the effects will continue for approximately one year, followed by a gradual recovery. Based on this assumption, the Group made accounting estimates, including impairment of fixed assets and the recoverability of deferred tax assets, and determined that there was no impact on its financial position or operating results for the current fiscal year. However, this assumption involves significant uncertainty, and if containment is delayed and the effects persist, they may affect the Group's financial position and operating results in the future.」
Based on the start of vaccinations, the Group assumed that the effects of the infectious disease would continue for approximately one year, followed by a gradual recovery, and determined that there was no impact on the current fiscal year's financial position or operating results. The risk of a prolonged impact remains. - FY2021-Q3RestatedAnnual report
「The timing of the containment of COVID-19 remains uncertain. If the pandemic continues and expands worldwide, it may adversely affect the Group's operating results and financial position, including by causing deterioration in the operations of the Company's and its customers' plants.」
The timing of the containment of the infectious disease remains uncertain, and the disclosure states that if it continues and expands worldwide, it may adversely affect the operations of the Company's and its customers' plants, as well as operating results and financial position. - FY2021-Q2MaterialisedAnnual report
「During the first two quarters of the current consolidated fiscal year, Japan's economy deteriorated rapidly due to the impact of COVID-19, but personal consumption was beginning to recover following the lifting of the state of emergency, and signs of improvement were seen in some areas. The global economy, meanwhile, faced a severe recession as the pandemic spread worldwide. Against this backdrop, major automotive manufacturers, which are key customers, adjusted their operations, resulting in persistently weak production and shipments by the Group.」
The impact of COVID-19 continued to manifest itself as deteriorating economic conditions in Japan and overseas and, through operating adjustments by major customers, as weak production and shipments by the Group. - FY2021-Q1MaterialisedAnnual report
「Against this backdrop, the Group's affiliated companies also remained in a difficult situation, while operating adjustments by the automakers that are major customers resulted in sluggish production and shipments.」
The impact of COVID-19 materialized in the form of operating adjustments by customers and weak production and shipments by the Group, resulting in a substantial decline in sales and profit. - FY2020First statedAnnual report
「The global spread of COVID-19 is an event with a broad impact on economic activity, people's daily lives and other areas. The Group currently assumes that its effects will continue for approximately one year, followed by a gradual recovery. Based on this assumption, the Group made accounting estimates, including impairment of fixed assets and the recoverability of deferred tax assets, and determined that there was no impact on its financial position or operating results for the current fiscal year. However, this assumption involves significant uncertainty, and if the containment of the pandemic is delayed and its effects persist, it may affect the Group's financial position and operating results in the future.」
The global spread of the infectious disease is described as an event that has occurred, while its impact on the current fiscal year's financial position and operating results was said to be nil. The Group assumed that the effects would continue for approximately one year, followed by a gradual recovery, while indicating the risk of a prolonged impact.