Risk of Production Adjustments and Lower Demand Due to COVID-19

「During the nine-month period ended the third quarter of the current consolidated fiscal year (the “third quarter”), Japan’s economy continued to show signs of a gradual recovery, supported by the normalization of economic activity and increased inbound demand following the reclassification of COVID-19 as a Class 5 infectious disease, although the economy showed signs of pausing in some areas.」

「During the six-month period ended the second quarter of the current consolidated fiscal year (the “second quarter”), Japan’s economy showed signs of a gradual recovery as economic activity normalized following the reclassification of COVID-19 as a Class 5 infectious disease, aided by a recovery in human traffic accompanying an increase in inbound visitors.」

「During the first quarter, Japan’s economy showed signs of a gradual recovery as economic activity normalized, partly following the reclassification of COVID-19 as a Class 5 infectious disease.」

「The business environment surrounding the Group continued to see a recovery in manufacturing as social and economic activity normalized. However, disruptions in logistics caused by semiconductor shortages and China’s COVID-19 policies began to hinder operations in some areas, including automobiles. Demand for electronic components increased against a backdrop of digital transformation, the use of IoT and AI, the spread of 5G-compatible devices, and the shift toward electric vehicles and greater automotive electrification. On the other hand, demand for consumer electronics such as smartphones and personal computers fell substantially due to the reactionary decline in stay-at-home demand and consumers’ reluctance to purchase amid rising prices.」

「The business environment surrounding the Group continued to see a recovery in manufacturing as social and economic activity normalized. However, disruptions in logistics caused by semiconductor shortages and China’s zero-COVID policy began to hinder operations in some areas, including automobiles. Demand for electronic components increased against a backdrop of digital transformation, the use of IoT and AI, the spread of 5G-compatible devices, and the shift toward electric vehicles and greater automotive electrification. On the other hand, demand for consumer electronics such as smartphones and personal computers fell substantially due to the reactionary decline in stay-at-home demand and consumers’ reluctance to purchase amid rising prices.」

「The business environment surrounding the Group continued to see a recovery in manufacturing as social and economic activity normalized. However, disruptions in the supply of components caused by semiconductor shortages and the renewed spread of COVID-19 began to hinder operations in some areas, including automobiles.」

「During the consolidated fiscal year, Japan’s economy remained in a challenging situation due to the impact of COVID-19, although signs of a recovery emerged.」

「Manufacturing production, including automobiles and electrical equipment, moved into a recovery trend, supported by increased exports against a backdrop of recovering overseas economies and a pickup in capital investment and housing investment. Meanwhile, the electronic equipment industry, which uses digital transformation aimed at improving work and operating efficiency and reforming working styles, as exemplified by telework, has remained firm amid changes in working styles resulting from infection-prevention measures.」

「Manufacturing production, including automobiles and electrical equipment, moved into a recovery trend, supported by increased exports against a backdrop of recovering overseas economies and a pickup in capital investment and housing investment. Meanwhile, the electronic equipment industry, which uses digital transformation aimed at improving work and operating efficiency and reforming working styles, as exemplified by telework, has remained firm amid changes in working styles resulting from infection-prevention measures.」

「Manufacturing production, including automobiles and electrical equipment, moved into a recovery trend, supported by increased exports against a backdrop of recovering overseas economies and a pickup in capital investment. Meanwhile, the electronic equipment industry, which uses digital transformation aimed at improving work and operating efficiency and reforming working styles, as exemplified by telework, has remained firm amid changes in working styles resulting from infection-prevention measures.」

「The business environment surrounding the Group has been gradually recovering from the stagnation of production activity in various industries caused by COVID-19, although recovery has varied by industry. The automotive and semiconductor-related industries have been on a recovery trend, while the textile industry and construction-related materials sector have remained sluggish.」

「The business environment surrounding the Group has been gradually recovering from the stagnation of production activity in various industries caused by COVID-19, although recovery has varied by industry. The automotive and semiconductor-related industries have been on a recovery trend, while the textile industry and construction-related materials sector have remained sluggish. Meanwhile, the electronic equipment industry, which uses digital transformation aimed at improving work and operating efficiency and reforming working styles, as exemplified by telework, has remained firm amid changes in working styles resulting from infection-prevention measures.」

「The business environment surrounding the Group was affected by COVID-19, with production and sales activity stagnating and demand falling substantially across a wide range of industries, including automobiles, consumer electronics, office automation equipment and textiles. Meanwhile, demand increased for electronic equipment used in digital transformation aimed at improving work and operating efficiency and reforming working styles, as exemplified by telework.」

「The business environment surrounding the Group was affected by COVID-19, with production and sales activity stagnating and demand falling substantially across a wide range of industries, including automobiles, consumer electronics, office automation equipment and textiles. Meanwhile, demand increased for electronic equipment used in digital transformation aimed at improving work and operating efficiency, as exemplified by telework.」

「The COVID-19 pandemic has affected manufacturing industries that serve as common customers across the segments, including the automotive and electrical and electronic products industries, through production adjustments and other effects. The antimony business also continues to face a difficult operating environment in the domestic market due to balanced contraction in demand, intensifying competition with overseas manufacturers and responses required under the Ordinance on Prevention of Hazards Due to Specified Chemical Substances.」