Declining Demand and Impact on Performance Due to COVID-19
First written in FY2020. 4 of 13 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2024-Q3.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024-Q3MitigatedAnnual report
「During the nine months ended 31 December, the Japanese economy continued on a gradual recovery path as the impact of COVID-19 eased and economic and social activity moved toward normalization.」
The company indicated that the impact of COVID-19 had eased and that economic and social activity and the economy's recovery trend would continue. The packaging containers business also reported increased sales of beverage cups and houseware products as the movement of people recovered. - FY2024-Q1MitigatedAnnual report
「During the first quarter of the current fiscal year, from 1 April 2023 to 30 June 2023, the Japanese economy showed signs of recovery as the impact of COVID-19 eased and economic and social activity moved toward normalization.」
The view that the impact of COVID-19 is gradually easing, economic and social activity is normalizing, and the economy is recovering remains unchanged. The packaging containers business also reported increased sales of beverage cups and houseware products as the movement of people recovered. - FY2023MitigatedAnnual report
「During the current fiscal year, the Japanese economy showed signs of recovery as the impact of COVID-19 gradually eased and economic and social activity moved toward normalization.」
The view has shifted from the previous impact on performance, centered on the decline in demand caused by COVID-19, to one in which the impact is gradually easing and economic and social activity is normalizing. - FY2023-Q2RestatedAnnual report
「During the first half of the current fiscal year, from 1 April 2022 to 30 September 2022, the Japanese economy showed signs of recovery as the impact of COVID-19 gradually eased and economic and social activity moved toward normalization.」
The view that the impact of COVID-19 is gradually easing, economic and social activity is normalizing, and the economy is recovering remains unchanged. - FY2023-Q1MitigatedAnnual report
「During the first quarter of the current fiscal year, from 1 April 2022 to 30 June 2022, the Japanese economy showed signs of recovery as the impact of COVID-19 gradually eased and economic and social activity moved toward normalization.」
The view has shifted to one in which the impact of COVID-19 is gradually easing, economic and social activity is normalizing, and the economy is recovering. The disclosure also refers to increased sales of beverage cups and other products in the packaging containers business as restrictions on activity were eased. - FY2022ReframedAnnual report
「Sales of steel sheets, which had declined sharply in the previous fiscal year due to the spread of COVID-19, and packaging containers, mainly beverage containers, increased on a rebound, bringing the total to ¥821.565 billion, up 9.7% year on year.」
Although the decline in demand caused by COVID-19 remains as a basis for comparison for the current fiscal year, steel sheets, packaging containers and other products increased on a rebound, and consolidated net sales recovered, rising 9.7% year on year. - FY2022-Q3RestatedAnnual report
「Sales of steel sheets, which had declined sharply in the same period of the previous year due to the spread of COVID-19, and packaging containers, mainly beverage containers, increased on a rebound, bringing the total to ¥409.576 billion, up 9.5% year on year.」
Although the decline in demand caused by COVID-19 in the previous year remains as a basis for comparison, net sales increased in the nine months ended 31 December due to a rebound in steel sheets, packaging containers and other products. - FY2022-Q2ReframedAnnual report
「Sales of steel sheets, which had declined sharply in the previous year due to the spread of COVID-19, and packaging containers, mainly beverage containers, increased on a rebound, bringing the total to ¥409.576 billion, up 9.5% year on year.」
Although the decline in demand caused by COVID-19 in the previous year remains as a basis for comparison, the view has shifted to one in which consolidated net sales increased in the first half due to a rebound in steel sheets, packaging containers and other products. - FY2021MaterialisedAnnual report
「Net sales decreased substantially to ¥559.886 billion, down 6.5% year on year, as sales of packaging containers, particularly those for beverages, fell sharply due to lower demand caused by weak consumption in the events, leisure, and food-service industries, as well as around offices, despite some increase in demand from higher household consumption associated with people refraining from going out due to COVID-19.」
The decline in demand caused by COVID-19 continued throughout the fiscal year, resulting in a 5.3% year-on-year decline in consolidated net sales. - FY2021-Q3MaterialisedAnnual report
「Net sales decreased substantially to ¥559.886 billion, down 6.5% year on year, as sales of packaging containers, particularly those for beverages, fell sharply due to lower demand caused by weak consumption in the events, leisure, and food-service industries, as well as around offices, despite some increase in demand from higher household consumption associated with people refraining from going out due to COVID-19.」
The impact of weak consumption in the events, leisure, and food-service industries and around offices due to COVID-19 was reflected in cumulative third-quarter results as lower sales of packaging containers, particularly those for beverages, and a 6.5% year-on-year decline in consolidated net sales. - FY2021-Q2MaterialisedAnnual report
「Net sales decreased substantially to ¥373.995 billion, down 7.8% year on year, as sales of packaging containers, particularly beverage containers, fell sharply due to lower demand caused by weak consumption in the events, leisure, and food-service industries, as well as around offices, despite some increase in demand from higher household consumption associated with people refraining from going out due to COVID-19.」
The impact of COVID-19 continued in the form of lower demand resulting from weak consumption in the events, leisure, and food-service industries, as well as around offices, and first-half net sales declined 7.8% year on year. - FY2021-Q1MaterialisedAnnual report
「Net sales decreased substantially to ¥188.566 billion, down 6.1% year on year, as sales of packaging containers, particularly beverage containers, fell sharply due to lower demand caused by weak consumption in the events, leisure, and food-service industries, despite some increase in demand from higher household consumption associated with people refraining from going out due to COVID-19.」
The decline in demand for events, leisure, food service, and other activities associated with COVID-19 materialized as lower sales of packaging containers, particularly beverage containers. - FY2020First statedAnnual report
「Although some increase in demand for containers is expected as household consumption rises, there are concerns about lower demand due to weak consumption in the events, leisure, and food-service industries and elsewhere as a result of the spread of COVID-19. The impact on performance is expected to include decreases of ¥17.6 billion in net sales and ¥5.4 billion in operating income in the first half of the fiscal year ending March 2021.」
The Company was the first to disclose specific figures for the expected impact of COVID-19, forecasting a ¥17.6 billion decrease in net sales and a ¥5.4 billion decrease in operating income in the first half of the fiscal year ending March 2021. The impact on the current consolidated fiscal year is expected to be minor.