Declining demand and production disruptions caused by the spread of COVID-19
First written in FY2020. 7 of 16 entries say "Restated". Latest entry: FY2026-H1.
Ck San-Etsu moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
1 other company's latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks, nor any significant changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It is concluded that there has been no new occurrence or material change in the risks of declining demand and production disruptions caused by the spread of an infectious disease. - FY2024ReframedAnnual report
「Although COVID-19 appears to have subsided, if a large-scale pandemic occurs due to a new virus or other cause and a cluster infection occurs within the Group, production disruptions may result.」
The scope has broadened from a description centered on declining demand caused by COVID-19 to the risks of cluster infections and production disruptions arising from large-scale pandemics generally, including those caused by new viruses and other factors. - FY2024-Q2SoftenedAnnual report
「As COVID-19 was reclassified under the Infectious Diseases Control Law as a Class 5 disease, the government's COVID-19 measures that had continued for more than 3 years were lifted, and economic activity gradually returned to normal.」
The reclassification of COVID-19 as a Class 5 disease, the lifting of government measures and the normalization of economic activity are described, and the external conditions underlying the previous risks of declining demand and production disruptions caused by the spread of the infection are stated to have eased. - FY2024-Q1SoftenedAnnual report
「On 8 May, COVID-19 was reclassified under the Infectious Diseases Control Law as a Class 5 disease, the government's COVID-19 measures that had continued for more than 3 years were lifted, and economic activity returned to normal.」
The lifting of COVID-19 measures and normalization of economic activity are described, and the external conditions underlying the previous risks of declining demand and production disruptions caused by the spread of the infection are stated to have eased. - FY2023SoftenedAnnual report
「Although employees of the Group are working to prevent infection through measures such as strict mask wearing, if a cluster infection occurs within the Group, production disruptions may result from temporary factory closures or other measures, potentially adversely affecting the Group's results.」
The risk of production disruptions caused by a cluster infection remains, while the specific description of workplace vaccinations included in the previous fiscal year is absent and the description of infection-prevention measures has been simplified to mask wearing and similar measures. - FY2023-Q3RestatedAnnual report
「There have been no material changes to the assumptions, including assumptions regarding how COVID-19 may spread in the future and when it may subside, described under “Impact of COVID-19” in the previous fiscal year's securities report under “Significant Accounting Estimates.”」
The assumptions from the previous fiscal year regarding how COVID-19 may spread and when it may subside have been reconfirmed as unchanged in any material respect. - FY2023-Q2RestatedAnnual report
「There have been no material changes to the assumptions, including assumptions regarding how COVID-19 may spread in the future and when it may subside, described under “Impact of COVID-19” in the previous fiscal year's securities report under “Significant Accounting Estimates.”」
The assumptions from the previous fiscal year regarding how COVID-19 may spread and when it may subside have been reconfirmed as unchanged in any material respect. - FY2023-Q1RestatedAnnual report
「There have been no material changes to the assumptions, including assumptions regarding how COVID-19 may spread in the future and when it may subside, described under “Impact of COVID-19” in the previous fiscal year's securities report under “Significant Accounting Estimates.”」
The assumptions from the previous fiscal year regarding how COVID-19 may spread and when it may subside have been reconfirmed as unchanged in any material respect. - FY2022-Q3RestatedAnnual report
「Against this operating backdrop, the Group conducted workplace vaccinations for employees to mitigate the risk of production disruptions caused by an infectious disease cluster.」
The risk of production disruptions caused by an infectious disease cluster continues to be recognized, and the company states that it conducted workplace vaccinations as a preventive measure. - FY2022-Q2RestatedAnnual report
「There have been no material changes to the assumptions, including assumptions regarding how COVID-19 may spread in the future and when it may subside, described under “Impact of COVID-19” in the previous fiscal year's securities report under “Significant Accounting Estimates.”」
The assumptions from the previous fiscal year regarding how COVID-19 may spread and when it may subside have been reconfirmed as unchanged in any material respect. - FY2022-Q1RestatedAnnual report
「There have been no material changes to the assumptions, including assumptions regarding how COVID-19 may spread in the future and when it may subside, described under “Impact of COVID-19” in the previous fiscal year's securities report under “Significant Accounting Estimates.”」
The assumptions from the previous fiscal year regarding how COVID-19 may spread and when it may subside have been reconfirmed as unchanged in any material respect. - FY2021MaterialisedAnnual report
「As the spread of COVID-19 restricted outings and travel worldwide and caused consumption and corporate economic activity to stagnate, the Group was also significantly affected, including by lower net sales, as declining demand reduced sales volumes and led to temporary factory closures.」
Declining demand and sales volumes and temporary factory closures caused by the spread of the infection were confirmed in the full-year results. Net sales fell 8.4% year on year, while ordinary profit fell 92.8%. - FY2021-Q3MaterialisedAnnual report
「The Group established temporary days off and received employment adjustment subsidies because demand had declined, but returned to normal operations at the end of last year.」
Although declining demand and temporary factory closures caused by the spread of the infection actually occurred, the Group returned to normal operations at the end of last year. The cumulative results still reflect lower net sales and profit and losses caused by the spread of the infection. - FY2021-Q2MaterialisedAnnual report
「As a result, for the second quarter of the current consolidated cumulative period, sales volume in the copper and brass products business declined in areas such as housing and construction and electrical and electronic equipment due to the impact of the spread of the infection. Net sales were ¥2,785 million, down 27.8% year on year, and operating profit was ¥106 million, down 47.8%.」
Declining demand and sales volumes in housing and construction, electrical and electronic equipment and other areas continued as a result of the spread of COVID-19, and were reflected in results as lower net sales and operating profit. - FY2021-Q1MaterialisedAnnual report
「As a result, for the first quarter of the current consolidated cumulative period, sales volume in the copper and brass products business declined in areas such as housing and construction and electrical and electronic equipment due to the impact of the spread of the infection. Net sales were ¥1,458 million, down 27.0% year on year, and operating profit was ¥17 million, down 86.2%.」
The decline in demand and sales volumes caused by the spread of COVID-19 actually occurred and was reflected in results as lower net sales and operating profit. - FY2020First statedAnnual report
「As the spread of COVID-19 continued to restrict outings and travel worldwide, consumption and corporate economic activity remained sluggish. The Group is also concerned that declining demand may reduce sales volumes going forward and lead to temporary factory closures to adjust production.」
Against a backdrop of worldwide travel restrictions and stagnating economic activity caused by the spread of COVID-19, the potential for declining demand and sales volumes, temporary factory closures, production disruptions and deteriorating results is described as a new risk.