Impact of COVID-19 on Business Continuity and Supply Chains
First written in FY2020. 4 of 11 entries say "Mitigated", first in FY2022-Q2. Latest entry: FY2024-Q3.
The whole theme swung hardest in 2020: 102 of 175 companies on the "Worse" side.
- FY2024-Q3RestatedAnnual report
「Economic recovery trends emerged, reflecting increased consumer activity following the reclassification of COVID-19 to Category 5 under Japan's Infectious Diseases Control Law and a sharp recovery in inbound demand driven by an increase in visitors from overseas.」
Against the backdrop of the change in the infectious disease classification and the recovery in consumer activity and inbound demand, the company continues to recognize that the infectious disease's previous impact on the business environment has eased. - FY2024-Q2RestatedAnnual report
「Economic recovery trends emerged, reflecting increased consumer activity following the reclassification of COVID-19 to Category 5 under Japan's Infectious Diseases Control Law and a sharp recovery in inbound demand driven by an increase in visitors from overseas.」
The company describes economic recovery trends against the backdrop of the change in the infectious disease classification and increased consumer activity, and continues to recognize that the infectious disease's previous impact on the business environment has eased. - FY2024-Q1MitigatedAnnual report
「With various restrictions imposed during the COVID-19 pandemic being lifted, including the reclassification of COVID-19 to Category 5 under Japan's Infectious Diseases Control Law, economic activity also shifted toward recovery」
The company describes the change in COVID-19's legal classification, the lifting of behavioral restrictions and the recovery trend in economic activity, consistent with its previous recognition that the impact of the infectious disease had eased and was minor. - FY2023MitigatedAnnual report
「The impact of COVID-19 during the fiscal year was minor.」
The company continues to recognize a business impact from COVID-19 during the fiscal year, but assesses that the impact was minor. - FY2023-Q2RestatedAnnual report
「Although measures against COVID-19 progressed and restrictions on economic activity were eased, leading to signs of a gradual recovery」
The company describes progress in measures against the infectious disease and the easing of restrictions on economic activity. Meanwhile, it states that there were no new developments or material changes in business and other risks. - FY2022MitigatedAnnual report
「The impact of COVID-19 during the fiscal year was minor.」
The company continues to recognize an impact from the infectious disease during the fiscal year, but assesses that the impact was minor. - FY2022-Q2MitigatedAnnual report
「In terms of business performance, as the impact of COVID-19 eased, revenue for the cumulative second quarter was ¥14,414 million, up 17.0% year on year.」
The company states that the impact of COVID-19 has eased, indicating that business performance improved from the impact on revenue and profit in the previous year. Meanwhile, it states that there were no material changes to business and other risks. - FY2021MaterialisedAnnual report
「The impact of COVID-19 during the fiscal year was minor.」
The company continues to recognize a business impact from COVID-19 during the fiscal year, but assesses that the impact was minor. - FY2021-Q3MaterialisedAnnual report
「As orders from delivery-related customers performed well, sales for the cumulative third quarter were ¥18,150 million, down 3.2% year on year, although the impact of a continued decline from previous levels in orders related to the core school market during the summer vacation weighed on results. Despite declines in selling, general and administrative expenses, the impact of lower sales and a decline in the gross profit margin resulted in operating profit of ¥32 million, down 87.5% year on year, ordinary profit of ¥112 million, down 70.8%, and quarterly net profit of ¥8 million, down 95.9%.」
Amid the impact of COVID-19, declines in revenue and profit, including through a drop in orders related to schools, have materialized for the cumulative second quarter, continuing from the previous period. - FY2021-Q2MaterialisedAnnual report
「In terms of operating performance, revenue for the six months ended the second quarter was ¥12,321 million, down 13.6% year on year, due to the impact of the COVID-19 pandemic. Although selling, general and administrative expenses declined, operating income was ¥91 million, down 87.1%, ordinary income was ¥134 million, down 82.5%, and net income was ¥55 million, down 88.6%, due to lower revenue and lower margins.」
The impact of COVID-19 on the business has materialized as a decline in revenue and substantial decreases in operating profit, ordinary profit and quarterly net income. - FY2020First statedAnnual report
「If a disaster such as a major earthquake and the resulting tsunami or a major typhoon occurs, or if an infectious disease such as COVID-19 spreads, our sales, production, logistics and head-office functions may be disrupted, potentially adversely affecting our financial condition and business performance.」
COVID-19 is identified for the first time as a standalone major risk that could disrupt sales, production, logistics and head-office functions. The company also states that construction start dates have been postponed for some projects, indicating that the impact has materialized.