Impact of COVID-19 on the Business and Operating Results
First written in FY2020. 4 of 16 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2026.
Asaka Industrial 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 2020: 96 of 137 companies on the "Worse" side.
32 other companies' latest entry also says "Dropped".
- FY2026DroppedAnnual report
「The following are risks that may affect the company's operating results, share price and financial condition.」
The risk list for the fiscal year does not separately identify the impact of COVID-19 on the business or results. - FY2024MitigatedAnnual report
「As COVID-19 was reclassified as a Class 5 disease under the Infectious Diseases Control Law, economic activity moved toward normalization, personal consumption including inbound demand recovered, and the economy recovered moderately.」
The company states that the reclassification of COVID-19 as a Class 5 disease normalized economic activity, with personal consumption and the economy showing signs of recovery. The restrictions on business activities imposed by the pandemic are easing. - FY2024-Q3MitigatedAnnual report
「As COVID-19 was reclassified as a Class 5 disease under the Infectious Diseases Control Law, economic activity moved toward normalization, personal consumption including inbound demand recovered, and the economy recovered moderately.」
The company states that the reclassification of COVID-19 as a Class 5 disease normalized economic activity, with personal consumption and the economy showing signs of recovery. The restrictions on business activities imposed by the pandemic are easing. - FY2024-Q1MitigatedAnnual report
「As COVID-19 was reclassified as a Class 5 disease under the Infectious Diseases Control Law, economic activity moved toward normalization, personal consumption including inbound demand recovered, and corporate performance also showed signs of recovery.」
The company states that the reclassification of COVID-19 as a Class 5 disease and the easing of activity restrictions normalized economic activity, with personal consumption and corporate performance showing signs of recovery. - FY2023The company continues to believe that the impact on results at this point is not significant.Annual report
「Although the impact of COVID-19 included lower imports and exports and the inability to conduct sufficient face-to-face sales activities, the home-improvement retail market, a major sales channel, remained strong, and the company believes that the impact on results at this point is not significant.」
While lower imports and exports and constraints on face-to-face sales remain, the company indicates that the impact on results at this point is not significant, given the strong home-improvement retail market. - FY2023-Q2RestatedAnnual report
「In exports, although sufficient sales activities still cannot be conducted, the impact of COVID-19 is gradually moving toward recovery」
Although the inability to conduct sufficient sales activities due to COVID-19 remains, the impact on exports is gradually moving toward recovery. - FY2023-Q1MitigatedAnnual report
「As the number of COVID-19 cases trends downward and economic activity gradually moves toward normalization with the easing of activity restrictions」
The discussion of COVID-19 has shifted toward a reduced impact on the business environment, citing a downward trend in infections and the easing of activity restrictions. However, conditions still prevent sufficient face-to-face sales activities. - FY2022The company states that the impact on results at this point is not significant.Annual report
「Although the impact of COVID-19 included lower imports and exports and the inability to conduct sufficient face-to-face sales activities, the home-improvement retail market, a major sales channel, remained strong, and the company believes that the impact on results at this point is not significant.」
While lower imports and exports and constraints on face-to-face sales are mentioned, the company indicates that the impact on results at this point is not significant, given the strong home-improvement retail market. - FY2022-Q3WorsenedAnnual report
「However, the outlook for future results remains uncertain due to factors including higher raw material prices and the spread of new variants, while lower appetite for capital investment may also affect results.」
In addition to the lack of visibility on the end of the COVID-19 pandemic, the spread of new variants has been indicated, and concerns continue over the impact on results through higher raw material prices and lower appetite for capital investment. - FY2022-Q2WorsenedAnnual report
「However, future results may be affected by higher raw material prices and lower appetite for capital investment, as the end of the COVID-19 pandemic remains unforeseeable.」
In addition to the impact of higher raw material prices, the end of the COVID-19 pandemic remains unforeseeable, and concerns continue over the impact on future results from factors including lower appetite for capital investment. - FY2022-Q1WorsenedAnnual report
「However, future results may be affected by higher raw material prices and lower appetite for capital investment, as the end of the COVID-19 pandemic remains unforeseeable.」
The end of the COVID-19 pandemic remains unforeseeable, and concerns continue over its impact on results, including lower appetite for capital investment. The possibility of a renewed spread of infection is also mentioned. - FY2021MaterialisedAnnual report
「During the state of emergency from mid-April through the end of May, we implemented measures including shortened operating hours and a ban on nonessential and nonurgent travel outside the company. We subsequently continued to take thorough measures to prevent the spread of infection. Although the impact of COVID-19 made it difficult to conduct sufficient face-to-face sales activities, net sales reached ¥8,286 million (¥7,984 million in the previous fiscal year), supported by increased sales from stay-at-home demand in the mass-retail market and special demand for snow in areas extending from Tohoku to the Sea of Japan coast.」
Although the impact of the pandemic was seen in shortened operating hours, restrictions on activities outside the company and constraints on face-to-face sales, full-year net sales exceeded the previous fiscal year, supported by stay-at-home demand at mass retailers and special demand for snow. - FY2021-Q3MaterialisedAnnual report
「On the profit front, cost reductions including cuts in executive compensation, lower employee bonuses, reduced personnel expenses resulting from restrictions on activities, and lower expenses related to sales activities resulted in operating profit of ¥192 million (¥111 million in the same period of the previous year). Non-operating income included ¥20 million in employment adjustment subsidies and other items, resulting in ordinary profit of ¥228 million (¥134 million in the same period of the previous year). After recording a ¥14 million loss related to COVID-19 as an extraordinary loss, quarterly net profit was ¥141 million (¥87 million in the same period of the previous year). Future results may also be affected by lower appetite for capital investment due to a prolonged economic downturn, as the end of the COVID-19 pandemic remains unforeseeable.」
The impact of the pandemic continues to appear in actual results through restrictions on face-to-face sales, a year-on-year decline in net sales, and a ¥14 million extraordinary loss associated with shortened factory operating hours. - FY2021-Q2MaterialisedAnnual report
「Although we made every effort to expand sales despite being unable to conduct sufficient face-to-face sales activities even after the state of emergency was lifted, net sales were ¥4,113 million (¥4,330 million in the same period of the previous year). On the profit front, cost reductions including cuts in executive compensation, lower employee bonuses, reduced personnel expenses resulting from restrictions on activities, and lower expenses related to sales activities resulted in operating profit of ¥115 million (¥99 million in the same period of the previous year). Non-operating income included ¥20 million in employment adjustment subsidies and other items, resulting in ordinary profit of ¥147 million (¥112 million in the same period of the previous year). After recording a ¥14 million loss related to COVID-19 as an extraordinary loss, quarterly net profit was ¥88 million (¥74 million in the same period of the previous year).」
The impact of the pandemic appeared in restrictions on face-to-face sales and a year-on-year decline in net sales, while a ¥14 million loss related to COVID-19 caused by shortened factory operating hours was also recorded as an extraordinary loss. - FY2021-Q1MaterialisedAnnual report
「Although we made every effort to expand sales despite being unable to maintain sufficient sales activities and production capacity, net sales were ¥1,966 million (¥2,115 million in the same period of the previous year). On the profit front, cost reductions including cuts in executive compensation, lower employee bonuses, reduced personnel expenses resulting from restrictions on activities, and lower expenses related to sales activities resulted in operating profit of ¥50 million (¥37 million in the same period of the previous year). Non-operating income included ¥20 million in employment adjustment subsidies and other items, resulting in ordinary profit of ¥79 million (¥43 million in the same period of the previous year). After recording a ¥14 million loss related to COVID-19 as an extraordinary loss, quarterly net profit was ¥43 million (¥28 million in the same period of the previous year). Future results may also be affected by insufficient sales activities during the restriction period and lower appetite for capital investment due to the outlook for an economic slowdown.」
The impact of COVID-19 appeared in actual results through restrictions on sales activities and production capacity, a year-on-year decline in net sales, and a ¥14 million extraordinary loss. - FY2020First statedAnnual report
「Looking ahead, concerns include lower sales of shovels and equipment for civil engineering and construction projects due to a contraction in public works and other projects, lower sales of logistics equipment due to weaker corporate appetite for capital investment, and reduced sales capabilities resulting from a decline in personal consumption and restrictions on domestic and overseas business travel.」
The company identifies as new risks the potential decline in future sales and sales capabilities through the effects of COVID-19 on public works, capital investment, personal consumption and restrictions on business travel. The impact on the fiscal year is described as limited.