Risk of production stoppages at Chinese sites and elsewhere due to the COVID-19 pandemic
First written in FY2020-Q3. 3 of 10 entries say "Worsened", first in FY2021-Q1. Latest entry: FY2025.
Fujikura moved to the "Worse" side of this theme in 2025, 3 years after the typical company in this theme (2022).
The whole theme swung hardest in 2020: 22 of 41 companies on the "Worse" side.
4 other companies' latest entry also says "Reframed".
- FY2025ReframedAnnual report
「If the spread of an emerging or re-emerging infectious disease imposes restrictions on the political or economic environment, constraints on various business activities, including supply-chain disruptions, could affect the group’s financial condition and operating results.」
The risk framework has been revised from the specific risk of production stoppages due to COVID-19 to the broader risk of supply-chain disruption and business constraints caused by emerging or re-emerging infectious diseases. - FY2023RestatedAnnual report
「The external environment surrounding the group remains uncertain in Japan and overseas. While recovery from the COVID-19 pandemic that continued for 3 years from 2020 is progressing, uncertainty persists due to the prolonged Russian invasion of Ukraine, monetary tightening in major developed countries aimed at containing inflation, and the slowing recovery of the Chinese economy.」
While recovery from the COVID-19 pandemic is progressing, post-pandemic uncertainty, including effects on supply chains and demand, continues alongside other economic and geopolitical factors. - FY2023-Q3RestatedAnnual report
「The global spread of COVID-19 reduced operating rates at factories in the group’s China operations, and the impact of the spread has continued for an extended period.」
Lower operating rates at factories in China and the prolonged impact of the pandemic continued, but it was stated that there were no material changes to the assumptions underlying the accounting estimates. - FY2023-Q2RestatedAnnual report
「The global spread of COVID-19 reduced operating rates at factories in the group’s China operations, and the impact of the spread has continued for an extended period.」
Although lower operating rates at factories in China and the prolonged impact of the pandemic continued, there were no material changes to the assumptions underlying the accounting estimates from the first-quarter report. - FY2022WorsenedAnnual report
「The global spread of COVID-19 reduced operating rates at factories, mainly in the group’s Asian operations, and the impact of the spread has lasted longer than anticipated at the end of the previous consolidated fiscal year.」
The assumptions underlying the accounting estimates were updated from an explanation that the impact of the pandemic risk had become limited in part due to recovering demand to assumptions of lower operating rates at factories, mainly in Asia, and a prolonged impact. - FY2022-Q2MitigatedAnnual report
「Although the global spread of COVID-19 reduced operating rates at factories, mainly in Southeast Asia, including those of the group’s automotive business segment, demand in the economic activities of the industries in which the group operates was recovering, and the impact on the group’s results was limited. Accordingly, there were no material changes to the assumptions underlying the accounting estimates related to the spread of COVID-19 described in the “Additional Information” section of the quarterly securities report for the first quarter of the 174th fiscal period.」
Although lower operating rates at factories, mainly in Southeast Asia, remained, demand was recovering and the impact on operating results was viewed as limited. There were no material changes to the assumptions underlying the accounting estimates. - FY2021-Q2WorsenedAnnual report
「Amid the impact of COVID-19, including customer production stoppages due to lockdowns worldwide, net sales fell 35.4% year on year to ¥50.0 billion, and the operating loss was ¥3.7 billion, compared with an operating loss of ¥1.2 billion in the same period of the previous year.」
The continuing impact of COVID-19, in the form of production stoppages by major customers worldwide, has led to lower revenue and an expanded operating loss in the automotive business segment. - FY2021-Q1WorsenedAnnual report
「The operating environment became extremely challenging overall because the spread of COVID-19 caused major customers to suspend production worldwide, while competition intensified in optical fiber and FPCs (flexible printed circuit boards).」
The impact of COVID-19 spread beyond production stoppages at Chinese sites and elsewhere to production stoppages by major customers worldwide. In addition, a COVID-19-related loss of ¥1,969 million was recorded. - FY2020MaterialisedAnnual report
「The operating environment became extremely challenging overall because the spread of COVID-19 since January 2020 temporarily halted operations at sites in China and caused major European customers of wire harnesses to suspend production.」
The COVID-19 risk materialized as temporary production stoppages at Chinese sites and production stoppages by major European customers, affecting the operating environment. - FY2020-Q3First statedAnnual report
「The spread of pneumonia caused by the novel coronavirus, centered in Wuhan, Hubei Province, People’s Republic of China, may result in production stoppages at the group’s manufacturing sites in China and at manufacturing sites in other countries that transact with Chinese companies, adversely affecting the group’s operating results and financial condition.」
The company added a disclosure that production stoppages and other disruptions at manufacturing sites in China and at sites in other countries that transact with Chinese companies could affect operating results and financial condition amid the spread of the novel coronavirus.