Business and Supply-Chain Impact of COVID-19
First written in FY2020. 9 of 15 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2024.
Mk Seiko moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2025: 5 of 16 companies on the "Worse" side.
21 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「During the consolidated fiscal year under review, Japan’s economy showed signs of a moderate recovery as socioeconomic activity normalized further following the reclassification of COVID-19 as a Class 5 disease, alongside improvements in employment and income conditions and increased inbound demand.」
With COVID-19 reclassified as a Class 5 disease, socioeconomic activity progressed further toward normalization and the impact of previous restrictions on activity and operations eased. - FY2024-Q3MitigatedAnnual report
「During the third quarter of the current consolidated cumulative period, socioeconomic activity moved further towards normalisation following the shift of COVID-19 to Category 5, and the economy remained on a recovery trend, supported by improvements in employment and income conditions and increased inbound demand.」
With COVID-19 reclassified as a Class 5 disease, socioeconomic activity progressed further toward normalization and the business impact of previous restrictions on activity and operations eased. - FY2024-Q2MitigatedAnnual report
「During the second quarter of the current consolidated cumulative period, socioeconomic activity moved further towards normalisation following the shift of COVID-19 to Category 5, strengthening the trend towards economic recovery.」
With COVID-19 reclassified as a Class 5 disease, socioeconomic activity moved toward normalization and the business impact of previous restrictions on activity and operations eased. - FY2024-Q1MitigatedAnnual report
「During the first quarter of the current consolidated cumulative period, Japan’s economy recovered moderately as the classification of COVID-19 under the Infectious Diseases Control Law shifted to Category 5 and the move towards normalisation of socioeconomic activity accelerated, supported by improvements in corporate earnings and employment conditions.」
With COVID-19 reclassified as a Class 5 disease and socioeconomic activity normalizing, the impact of previous restrictions on activity and business operations eased. Meanwhile, infection-prevention measures continued in the hotel business and other operations. - FY2023-Q3Resurgence of infections alongside eased restrictions on activityAnnual report
「During the third quarter of the current consolidated cumulative period, economic and social activity moved towards normalisation as restrictions on activity related to COVID-19 were eased, and the economy continued to show signs of recovery.」
While infections continued to resurge, the domestic economy moved toward normalization and recovery as restrictions on activity were eased. The impact of pandemic-related risks continued, but the downward pressure on demand from activity restrictions eased in part. - FY2023-Q2MaterialisedAnnual report
「During the second quarter of the current consolidated cumulative period, the number of infections remained high due to the seventh wave of COVID-19. However, the economy continued to show signs of recovery because there were no stringent restrictions on activity as society looked ahead to living with COVID-19.」
While the number of infections remained elevated during the seventh wave of COVID-19, the absence of stringent restrictions on activity and an economic recovery were also reported. - FY2022MaterialisedAnnual report
「The operating environment on the production side has also remained difficult due to supply chain disruptions involving electronic components, soaring prices for steel, resins and other raw materials, and lockdowns at overseas bases.」
The impact of the pandemic materialized in supply-chain disruptions, surging raw-material prices, lockdowns at overseas sites and production restrictions. - FY2022-Q3MaterialisedAnnual report
「With the emergence of new variants spreading worldwide, there is still no clear prospect of the COVID-19 pandemic coming to an end, and uncertainty about the outlook continues.」
As infections continued to resurge and new variants emerged, the impact materialized in supply-chain disruptions, lockdowns at overseas sites and production restrictions. - FY2022-Q2MaterialisedAnnual report
「Production of refrigerated rice containers at an overseas facility in Ho Chi Minh City, Vietnam, was restricted by the lockdown, resulting in a substantial delay in deliveries.」
Lockdowns at overseas sites associated with the pandemic materialized in the supply chain as production restrictions and substantial inbound-delivery delays. - FY2022-Q1MaterialisedAnnual report
「Production of construction safety equipment and service-station price signs was partially delayed because electronic components were difficult to procure, and the related sales were consequently deferred to the second quarter.」
Supply constraints during the pandemic materialized as difficulty obtaining electronic components, production delays and the deferral of sales recognition to the following quarter. - FY2021MaterialisedAnnual report
「Due to requests for people to refrain from domestic travel amid the COVID-19 pandemic, the Group’s hotel business incurred an operating loss. ... After examining future recoverability, the carrying amount was reduced to the recoverable amount and an impairment loss of ¥416.961 million was recognized.」
The impact of the pandemic materialized as an operating loss in the hotel business and an impairment loss of ¥416.961 million on assets related to the hotel business. - FY2021-Q3MaterialisedAnnual report
「The industries in which our Group operates were generally affected by COVID-19, and restrictions on business activities became unavoidable due to travel restrictions and the cancellation or scaling back of various events.」
The impact of COVID-19 continued to materialize as restrictions on sales activities, greater caution toward capital investment, declining private-sector demand and delays to construction plans, among other business-specific effects. - FY2021-Q2MaterialisedAnnual report
「The industries in which our Group operates were generally affected by COVID-19, and restrictions on business activities became unavoidable due to travel restrictions and the cancellation or scaling back of various events.」
Infection-related risks continued to materialize as restrictions on sales activities, while demand declined by business and construction delays also occurred. - FY2021-Q1MaterialisedAnnual report
「The industries related to the Group were also generally affected by COVID-19 and experienced a difficult business environment, as restrictions on going out and travel forced sales activities to stagnate and companies became increasingly cautious about capital investment.」
The risk of COVID-19 materialized in the form of stagnant sales activities, greater caution toward capital investment, declining demand in individual businesses and delayed construction projects. - FY2020First statedAnnual report
「If the situation continues for an extended period or infections spread further, stagnation in the supply chain and a downturn in the market may affect the Group’s business performance.」
For the first time, explicitly identified supply-chain stagnation and a market downturn associated with the prolonged COVID-19 pandemic and spread of infections as standalone business-performance risks.