Business and Performance Impact of COVID-19
First written in FY2020. 5 of 15 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2024-Q3.
Corona moved to the "Worse" side of this theme in 2020, 1 year before the typical company in this theme (2021).
4 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「During the cumulative third quarter consolidated period, Japan's economy moved toward the normalization of economic and social activities as COVID-19 was reclassified as a Category 5 infectious disease, while」
The company continued to recognize that economic and social activities were moving toward normalization following the reclassification of COVID-19 as a Category 5 infectious disease. - FY2024-Q2MitigatedAnnual report
「During the cumulative second quarter consolidated period, Japan's economy moved toward the normalization of economic and social activities as COVID-19 was reclassified as a Category 5 infectious disease, while」
The company stated that economic and social activities moved toward normalization following the reclassification of COVID-19 as a Category 5 infectious disease. - FY2024-Q1MitigatedAnnual report
「During the cumulative first quarter consolidated period, Japan's economy moved toward the normalization of economic and social activities as COVID-19 was reclassified as a Category 5 infectious disease, while」
The company stated that economic and social activities moved toward normalization following the reclassification of COVID-19 as a Category 5 infectious disease. - FY2023-Q3MitigatedAnnual report
「Regarding the impact of the spread of COVID-19 on the Group, concerns about shortages of electronic components and other items worldwide remained. The company pursued flexible production and sales activities, including expanding its sources of supply, and events such as product exhibitions and business meetings gradually increased from the previous year. As a result, the impact on performance for the cumulative third quarter consolidated period was minor.」
Although concerns about shortages of electronic components remained, the impact of the pandemic on cumulative performance was described as minor due to expanded sources of supply, flexible production and sales activities, and an increase in product exhibitions and business meetings. - FY2023-Q2RestatedAnnual report
「Regarding the impact of the spread of COVID-19 on the Group, concerns about shortages of electronic components and other items worldwide remained. The company pursued flexible production and sales activities, including expanding its sources of supply, and some customer visits and events, including product exhibitions and business meetings, resumed. As a result, the impact on performance for the cumulative second quarter consolidated period was minor.」
While concerns about shortages of electronic components and restrictions on sales activities remained, the impact on cumulative performance was described as minor due to expanded sources of supply, flexible production and sales activities, and the partial resumption of sales activities and events. - FY2023-Q1MitigatedAnnual report
「Regarding the impact of the spread of COVID-19 on the Group, concerns about shortages of electronic components and other items worldwide remained. The company pursued flexible production and sales activities, including expanding its sources of supply, and some customer visits and events, including product exhibitions and business meetings, resumed. As a result, the impact on performance for the cumulative first quarter consolidated period was minor.」
While concerns about shortages of electronic components remained, the impact on performance for the current quarter was described as minor due to expanded sources of supply, flexible production and sales activities, and the partial resumption of customer visits and product exhibitions and business meetings. - FY2022MaterialisedAnnual report
「Regarding the impact of the spread of COVID-19 on the Group, some restrictions on customer visits and voluntary suspension of product exhibitions and business meetings continued, while shortages of electronic components and other items worldwide also affected production and sales activities.」
In addition to restrictions on sales activities and the voluntary suspension of product exhibitions and business meetings due to the pandemic, shortages of electronic components actually affected production and sales activities throughout the fiscal year. - FY2022-Q3MaterialisedAnnual report
「Regarding the impact of the spread of COVID-19 on the Group, some restrictions on customer visits and voluntary suspension of product exhibitions and business meetings continued, while shortages of electronic components worldwide also affected production and sales activities.」
In addition to restrictions on customer visits and the voluntary suspension of product exhibitions and business meetings due to the pandemic, shortages of electronic components actually affected production and sales activities. - FY2022-Q2RestatedAnnual report
「Regarding the impact of the spread of COVID-19 on the Group, the company continued measures for sales activities using online channels. However, sales of some products were affected because some restrictions on customer visits continued and product exhibitions and business meetings were again cancelled following the issuance of states of emergency and other measures. On the other hand, sales of housing equipment remained strong due to a partial recovery in the housing market, and the impact on performance for the cumulative second quarter consolidated period was minor.」
While restrictions on sales activities due to the pandemic and the impact on sales of some products continued, strong sales of housing equipment meant that the impact on cumulative performance was described as minor. - FY2022-Q1MaterialisedAnnual report
「Regarding the impact of the spread of COVID-19 on the Group, some restrictions on customer visits continued, so the company continued measures for sales activities using online channels, but sales of some products were affected. On the other hand, events including product exhibitions and business meetings were held on a smaller scale, and some ordinary sales activities resumed, so the impact on performance for the cumulative first quarter consolidated period was minor.」
While restrictions on customer visits and the impact on sales of some products due to the spread of the pandemic continued, the resumption of some events and ordinary sales activities meant that the impact on performance for the current first quarter was described as minor. - FY2021RestatedAnnual report
「Because some restrictions on events, including product exhibitions and business meetings, and customer visits continued, the company implemented measures for sales activities using online channels, but sales of some products were affected. On the other hand, sales of heating equipment, air-conditioning products and home appliances remained strong, partly due to increased time spent at home, and the impact on performance for the consolidated fiscal year was minor.」
While restrictions on sales activities due to the pandemic and the impact on sales of some products continued, strong sales of heating, air-conditioning and home appliance products due to increased time spent at home meant that the impact on full-year performance was described as minor. - FY2021-Q3RestatedAnnual report
「Regarding the impact of the spread of COVID-19 on the Group, some restrictions on events, including product exhibitions and business meetings, and customer visits continued, so the company implemented measures for sales activities using online channels. Sales of some products were affected. However, sales of heating equipment, air-conditioning products and home appliances remained strong, partly due to increased time spent at home, and the impact on performance for the cumulative third quarter consolidated period was minor.」
While the impact on sales of some products from restrictions on events and customer visits continued, strong sales of heating, air-conditioning and home appliance products due to increased time spent at home meant that the impact on cumulative performance was described as minor. - FY2021-Q2MaterialisedAnnual report
「Regarding the impact of the spread of COVID-19 on the Group, sales of room air conditioners and other products remained strong, partly due to increased time spent at home. However, some restrictions on events, including product exhibitions and business meetings, and customer visits continued even after the lifting of the state of emergency, affecting sales of some products. Nevertheless, the impact on performance for the cumulative second quarter consolidated period was minor.」
While some restrictions on events and customer visits continued due to the spread of the pandemic and affected sales of some products, increased sales of air-conditioning products resulting from more time spent at home helped limit the impact on cumulative performance, which was described as minor. - FY2021-Q1MaterialisedAnnual report
「In the residential equipment industry, the number of new housing starts and new orders declined, while delays occurred in the supply of some residential equipment, reflecting the impact of the spread of COVID-19.」
The spread of COVID-19 actually affected the business environment through declines in housing starts and new orders and delays in the supply of housing equipment. However, the impact on performance for the current quarter was described as minor. - FY2020First statedAnnual report
「If an unknown infectious disease such as COVID-19 becomes a global pandemic, business activities could suffer significant losses due to delivery delays from component manufacturers, disruptions to logistics networks and other factors. It could also seriously affect valuable human resources and, consequently, affect the business, performance and financial condition of the Group.」
COVID-19 was listed as a major standalone risk for the first time. In practice, it has also affected sales activities through the suspension of customer visits, the cancellation or postponement of product exhibitions and business meetings, and remote working.