Risk of lower demand and production stoppages due to the spread of COVID-19
First written in FY2020. 4 of 9 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2024.
Nippon Shindo moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
0 other companies' latest entry also says "Reframed".
- FY2024ReframedAnnual report
「Although the COVID-19 situation has eased, if a large-scale pandemic caused by a new virus or other pathogen occurs and an outbreak takes place within the company, production may be disrupted.」
The scope of the disclosure has expanded from the spread of COVID-19 itself to future pandemic and internal outbreak risks caused by a new virus or other pathogen. - FY2022RestatedAnnual report
「Although our employees are working to prevent infection, including through strict mask wearing, if an outbreak occurs within the company, production may be disrupted due to a temporary closure or other measures, which could adversely affect our business performance.」
The company continues to identify the possibility of a temporary closure, production disruptions and deteriorating business performance caused by an internal outbreak as business risks. - FY2022-Q3RestatedAnnual report
「During the nine-month period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new developments or material changes regarding the risk of lower demand and suspended operations caused by the spread of COVID-19. - FY2022-Q2MitigatedAnnual report
「Against this operating backdrop, we completed workplace COVID-19 vaccinations for employees on 31 July to mitigate the risk of production disruptions caused by an outbreak of COVID-19.」
The company states that it completed workplace vaccinations for employees on 31 July in response to the risk of production disruptions caused by an outbreak. - FY2021MaterialisedAnnual report
「Against this operating backdrop, demand temporarily declined last summer, so we introduced temporary closure days and received employment adjustment subsidies, but returned to normal operations at the end of last year.」
The company states that the decline in demand, temporary closures and receipt of employment adjustment subsidies associated with the spread of infection occurred during the full fiscal year, while normal operations resumed at the end of last year. - FY2021-Q3MaterialisedAnnual report
「Because demand declined, we introduced temporary closure days and received employment adjustment subsidies, but returned to normal operations at the end of last year.」
The company states that the decline in demand and temporary closures caused by the spread of infection continued to occur, while normal operations resumed at the end of last year. - FY2021-Q2MaterialisedAnnual report
「As the spread of COVID-19 restricted going out and travel worldwide, consumer spending and corporate economic activity stagnated. The resulting decline in demand caused our sales volume to fall, and we temporarily closed our factories, significantly affecting our business performance through lower net sales and other effects.」
The decline in demand, lower sales volume, temporary factory closures and lower net sales caused by the spread of infection actually occurred and are described as having had a significant impact on business performance. - FY2021-Q1MaterialisedAnnual report
「As a result, sales volume for the cumulative first quarter was 5,005 tonnes (down 22.9% year on year), while net sales were ¥3.231 billion (down 34.2% year on year), reflecting the impact of the spread of infection.」
The decline in demand caused by the spread of COVID-19 materialized as declines in sales volume and net sales. The company also introduced temporary closure days in response to the decline in demand. - FY2020First statedAnnual report
「Although our employees are working to prevent infection by taking temperatures, checking their health and strictly wearing masks, if an outbreak occurs within the company for unforeseen reasons, production may be disrupted due to a temporary closure or other measures, which could adversely affect our business performance.」
The company has explicitly identified for the first time the possibility of a temporary closure, production disruptions and deteriorating business performance caused by an internal outbreak as business risks.