Business and earnings impacts of COVID-19
First written in FY2020. 7 of 11 entries say "Mitigated", first in FY2021-Q3. Latest entry: FY2024.
The whole theme swung hardest in 2020: 96 of 137 companies on the "Worse" side.
32 other companies' latest entry also says "Dropped".
- FY2024DroppedAnnual reportIn the risk disclosures for the fiscal year, COVID-19 was not mentioned separately and was generalized as “large-scale infectious diseases and similar events.”
- FY2023MitigatedAnnual report
「Based on the current situation and information from external sources, including the respective markets and major customers, the group assesses the impact of COVID-19 on its businesses as limited. However, if the impact of the disease becomes more severe, it could affect the group's business performance.」
While the company moved to a stage at which it assessed the current impact of COVID-19 on its businesses as limited, it continued to disclose the possibility of an impact on business performance if the situation becomes more severe. - FY2022MitigatedAnnual report
「The Group's revenue rose substantially from the same period of the previous year, which was significantly affected by COVID-19, particularly in the automotive industry. In addition, the company revised product prices in response to soaring prices for wire rod and other materials, resulting in revenue of ¥45,650 million, up 12.0% year on year.」
Net sales recovered from the same period of the previous year, which was affected by COVID-19, reaching ¥63,780 million for the full-year cumulative period, up 7.8% year on year. - FY2022-Q3MitigatedAnnual report
「The Group's revenue rose substantially from the same period of the previous year, which was significantly affected by COVID-19, particularly in the automotive industry. In addition, the company revised product prices in response to soaring prices for wire rod and other materials, resulting in revenue of ¥45,650 million, up 12.0% year on year.」
Revenue recovered from the same period of the previous year, which was significantly affected by COVID-19, and increased 12.0% year on year. - FY2022-Q2MitigatedAnnual report
「The group's net sales for the six-month period ended 30 September recovered substantially from the same period of the previous year, which was heavily affected by COVID-19, particularly in the automotive industry, reaching ¥29,299 million, up 14.5% year on year.」
Although the impact of COVID-19 remained, net sales increased 14.5% year on year, and operating profit, ordinary profit, and quarterly net profit attributable to owners of the parent all returned to positive territory. - FY2022-Q1MitigatedAnnual report
「Although the group's net sales continued to be affected by COVID-19, they recovered substantially from the same period of the previous year, which was heavily affected, particularly in the automotive industry, reaching ¥14,055 million, up 12.7% year on year. Profit also improved substantially from the same period of the previous year, when demand declined due to COVID-19 and temporary closures were implemented. Operating profit was ¥67 million (compared with an operating loss of ¥555 million in the same period of the previous year), ordinary profit was ¥168 million (compared with an ordinary loss of ¥649 million), and quarterly net profit attributable to owners of the parent was ¥154 million (compared with a quarterly net loss attributable to owners of the parent of ¥525 million).」
Although the impact of COVID-19 continued, net sales increased 12.7% year on year, while operating profit, ordinary profit, and quarterly net profit attributable to owners of the parent all improved from losses to profits. - FY2021MitigatedAnnual report
「Based on the current situation and information from external sources, including the respective markets and major customers, the group assesses the impact of COVID-19 on businesses including its wire rope and steel wire, steel cord, and road safety facilities businesses as limited.」
For COVID-19, the company moved to a stage at which it assessed the impact on several major businesses as limited. However, it continued to disclose the possibility that the impact on business performance could expand if the situation persists. - FY2021-Q3MitigatedAnnual report
「Profit for the third quarter accounting period (1 October 2020 to 31 December 2020) returned to positive territory and recovered to a level above the same period of the previous year.」
Although the impact of the decline in demand caused by COVID-19 remained in cumulative results, demand bottomed out in the second quarter and continued to recover thereafter, with profit for the third quarter accounting period returning to positive territory. - FY2021-Q2WorsenedAnnual report
「The group's net sales for the six-month period ended 30 September were ¥25,588 million, down 17.4% year on year. Although demand in the domestic business had bottomed out and was recovering from the impact of COVID-19, the decline in automotive-related products such as tire cord during the first quarter was substantial, and sales of petroleum products also decreased as a result of lower crude oil prices.」
Although domestic demand had bottomed out and was on a recovery trend, the decline in automotive-related products such as tire cord and the decrease in petroleum product sales resulted in a 17.4% year-on-year decline in net sales. - FY2021-Q1MaterialisedAnnual report
「In terms of profit, the company sought to reduce losses by implementing temporary closures using the employment adjustment subsidy program in response to the decline in demand caused by COVID-19. However, in addition to the impact of the sharp decline in demand for tire cord, sales in industrial machinery, which had recorded substantial spot sales in the previous period, declined. As a result, the operating loss was ¥555 million (compared with an operating loss of ¥186 million in the same period of the previous year), the ordinary loss was ¥649 million (compared with an ordinary loss of ¥101 million), and the quarterly net loss attributable to owners of the parent was ¥525 million (compared with a quarterly net loss attributable to owners of the parent of ¥97 million).」
The decline in demand caused by COVID-19 materialized in lower sales of tire cord and other products, an operating loss of ¥555 million, and a quarterly net loss attributable to owners of the parent of ¥525 million. - FY2020First statedAnnual report
「The global economic downturn resulting from the impact of COVID-19 is currently affecting the Group's domestic and overseas businesses and the businesses of its customers and suppliers, and is expected to affect the Group's operating results. If the impact of the infection persists for an extended period, its effect on the Group's operating results may expand.」
COVID-19 was disclosed explicitly as an independent risk item for the first time, with impacts already emerging on domestic and overseas businesses, customers and suppliers, and business performance, and with the possibility that the impact could expand if the situation persists.