Suspensions of Operations Caused by Natural Disasters, Wars, Infectious Diseases, Strikes and Other Events
First written in FY2016. 7 of 12 entries say "Materialised", first in FY2019-Q2. Latest entry: FY2026.
G-Tekt moved to the "Worse" side of this theme in 2018, 2 years before the typical company in this theme (2020).
The whole theme swung hardest in 2020: 67 of 114 companies on the "Worse" side.
13 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「At G-KT do Brasil Ltda., a consolidated subsidiary, production was temporarily suspended due to the effects of a natural disaster at a customer's engine plant. The resulting loss of ¥84 million was recognized as an extraordinary loss.」
A production shutdown at a customer's plant caused by a natural disaster spread to the Brazilian operation and materialized as an extraordinary loss of ¥84 million. - 2026-05-15MaterialisedRevision of earnings forecasts
「Production cuts in the North America segment due to semiconductor shortages, production stoppages in the Europe segment caused by a cyberattack on a business partner, and production stoppages in the South America segment due to natural disasters」
Regarding the previously identified risk of operating stoppages, production stoppages in the Europe segment caused by a cyberattack and in the South America segment caused by natural disasters were recorded as actual events. - FY2023-Q3MaterialisedAnnual report
「During the first quarter and third quarter consolidated accounting periods, Wuhan Auto Parts Alliance Co., Ltd., a Chinese subsidiary, suspended operations pursuant to an order from the Chinese government to shut down factories to prevent the spread of COVID-19, from 18 April to 24 April and from 22 November to 5 December, respectively. Fixed costs and directly incurred expenses during the periods until the resumption of normal production were recognized as an extraordinary loss of ¥167 million.」
Production shutdowns caused by infectious diseases and government directives recurred at the Wuhan subsidiary, with the shutdowns from April and from November through December and the ¥167 million extraordinary loss reflected in actual results. - FY2023-Q1MaterialisedAnnual report
「Wuhan Auto Parts Alliance Co., Ltd., a Chinese subsidiary, suspended operations from 18 April to 24 April pursuant to an order from the Chinese government to shut down factories to prevent the spread of COVID-19. Fixed costs and directly incurred expenses during the period until the resumption of normal production were recognized as an extraordinary loss of ¥33 million.」
The Wuhan subsidiary suspended operations from 18 April to 24 April pursuant to the Chinese government's shutdown order, and fixed costs and direct expenses of ¥33 million were recognized as an extraordinary loss. - FY2022-Q3MaterialisedAnnual report
「On the other hand, supply chain risks have materialized due to shortages of parts supplies associated with the renewed spread of infectious diseases in Asia and shortages of semiconductor supplies amid expanding global semiconductor demand.」
Parts and semiconductor supply shortages caused by the renewed spread of infectious diseases and semiconductor shortages actually materialized as production cuts by customers and lower mass-production sales in North America and Japan. - FY2022-Q2WorsenedAnnual report
「On the other hand, supply chain risks have materialized due to shortages of semiconductors amid expanding global semiconductor demand and shortages of parts supplies caused by the renewed spread of infectious diseases in Southeast Asia.」
The renewed spread of infectious diseases led to parts supply shortages, and the previously identified risks of infectious diseases and production shutdowns have materialized as specific supply constraints in the supply chain. - FY2022-Q1MitigatedAnnual report
「Although mass-production and non-mass-production sales increased as production recovered from the COVID-19 pandemic, growth was constrained by the impact of customers' production adjustments due to semiconductor shortages. As a result, revenue was limited to ¥55,739 million, up 68.2% year on year.」
Following production shutdowns caused by infectious diseases, mass-production and non-mass-production sales recovered year on year as production recovered. However, the impact of production adjustments due to semiconductor shortages remains. - FY2021-Q1WorsenedAnnual report
「Losses Related to COVID-19」
Production shutdowns caused by infectious diseases occurred at 3 companies in Mexico, India and Brazil, and fixed costs and direct expenses of ¥418 million incurred before the resumption of normal production were recognized as an extraordinary loss. The previously identified risk of infectious diseases and production shutdowns thus became more concrete, accompanied by an actual loss amount. - FY2020MaterialisedAnnual report
「The global spread of COVID-19 affected the worldwide automotive industry on both the demand and supply sides, and production facilities in the relevant regions were temporarily shut down due to customers' production stoppages and other factors.」
The infectious disease risk materialized in the form of plant shutdowns in China, Europe and North America, weaker demand, a ¥814 million extraordinary loss and ¥1,190 million in infectious-disease-related impacts. - FY2019-Q2MaterialisedAnnual report
「Equity-method income declined due to the effects of flooding at a customer's plant in Mexico and other factors」
Flooding actually occurred at a customer's plant, affecting results as a factor behind the decline in equity-method income. - FY2017RestatedAnnual report
「Operations may be affected by natural disasters such as major earthquakes, floods, tsunamis and tornadoes; outbreaks of infectious diseases; war and terrorism; civil unrest; labor issues such as strikes by local employees; and restrictions on the use of electricity and energy.」
The company continues to recognize operating risks arising from natural disasters, infectious diseases, war and terrorism, strikes, power restrictions and other events. - FY2016First statedAnnual report
「Operations may be affected by natural disasters such as major earthquakes, floods, tsunamis and tornadoes; outbreaks of infectious diseases; war and terrorism; civil unrest; labor issues such as strikes by local employees; and restrictions on the use of electricity and energy.」
Broad business continuity risks affecting domestic and overseas plants, employees and the supply chain.