Risk of production stoppages and sluggish demand due to the spread of COVID-19
First written in FY2020. 3 of 13 entries say "Mitigated", first in FY2021-Q3. Latest entry: FY2024-Q2.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024-Q2MitigatedAnnual report
「The number of train cars equipped with Shinkansen brake linings and Shinkansen current collectors increased, and the impact of reduced train services associated with COVID-19 was eliminated, resulting in increases in revenue and profit.」
The company stated that the impact of reduced railway services associated with COVID-19 had been eliminated and that the railway sintered products business recorded increases in revenue and profit. - FY2024-Q1MitigatedAnnual report
「The number of train cars equipped with Shinkansen brake linings and Shinkansen current collectors increased, and the impact of reduced train services associated with COVID-19 was also moving toward resolution, resulting in increases in revenue and profit.」
The company stated that the impact of reduced railway services associated with COVID-19 was moving toward resolution, and that the railway sintered products business recorded increases in revenue and profit. - FY2023RestatedAnnual report
「If weak product demand and production stagnation associated with the spread of the infectious disease continue, they may have a material impact on the Group’s financial position, operating results and cash flows.」
The company continued to identify weak demand and production stagnation associated with the spread of the infectious disease as business risks, with health and hygiene management, telework, adjusting the number of operating days, reducing fixed costs and raising short-term funds as countermeasures. - FY2023-Q2Impacts coexist amid easing restrictions on activitiesAnnual report
「Although the business environment remained on a gradual recovery trend due to the easing of restrictions on activities associated with COVID-19,」
The company described the economic recovery trend resulting from the easing of restrictions on activities, while the railway sintered products business continued to be affected by reduced train services and lower order volumes associated with the spread of COVID-19, indicating that recovery and residual impacts coexisted. - FY2022Full-year recovery and supply constraints coexistAnnual report
「Although sales declined from production adjustments by customers, mainly in Japan and the United States, due to semiconductor shortages and disruptions in parts supplies from Southeast Asia from the third quarter onward, raw material prices rose and production losses arose from personnel shortages at a U.S. subsidiary, overall the company substantially recovered from the decline in sales caused by the spread of COVID-19 in the previous fiscal year,」
Although the company recovered from the decline in sales caused by the spread of COVID-19 in the previous fiscal year, the impact of semiconductor shortages, disruptions in parts supplies, surging raw material prices and personnel shortages remained. - FY2022-Q3Recovery and supply constraints coexistAnnual report
「Although sales declined in the third quarter, production losses caused by labor shortages at the US subsidiary and higher raw material prices also affected the nine-month period, overall results recovered substantially from the sales decline caused by the spread of COVID-19 in the same quarter of the previous year, resulting in higher sales and profits through initiatives including increased sales of inverter components for Toyota hybrid vehicles, comprising increased production of existing products and the start of production of new products for new hybrid vehicles, as well as cost improvements and flexible operating measures including the scheduling of non-operating days.」
Although the company substantially recovered from the decline in sales caused by the spread of COVID-19 in the same period of the previous year and recorded increases in revenue and profit, the impact of semiconductor shortages, disruptions in parts supplies and personnel shortages remained in the third quarter. - FY2022-Q2Recovery continued in the automotive sintered products businessAnnual report
「Although sales declined in the second quarter due to customer production adjustments resulting from semiconductor shortages centered in the U.S. and disruptions in parts supplies from Southeast Asia, as well as production losses caused by personnel shortages at the U.S. subsidiary, sales and profit increased, reflecting an overall substantial recovery from the sales decline caused by the spread of COVID-19 in the same quarter of the previous year.」
Although the impact of semiconductor shortages, disruptions in parts supplies and personnel shortages remained, the automotive sintered products business recorded increases in revenue and profit following a substantial recovery from the decline in sales caused by the spread of COVID-19 in the same period of the previous year. - FY2022-Q1Automotive sintered products business recovered from the impact of the pandemicAnnual report
「Although production losses caused by personnel shortages at the U.S. subsidiary and the impact on sales of production adjustments by customers due to the semiconductor shortage occurred, sales and profit increased, reflecting an overall substantial recovery from the sales decline caused by the spread of COVID-19 in the same quarter of the previous year.」
In the automotive sintered products business, although the impact of personnel shortages and semiconductor shortages remained, revenue and profit increased following a substantial recovery from the decline in sales caused by the spread of COVID-19 in the same period of the previous year. - FY2021Full-year impact and recovery phase disclosedAnnual report
「The Group mainly adjusted operations at the beginning of the year while advancing improvements to its earnings structure through workforce reductions and fixed-cost reductions, among other measures, and worked to secure profits as sales recovered.」
In response to COVID-19, the company adjusted operations at the beginning of the year, reduced its workforce and cut fixed costs to secure profits as sales recovered. For the full year, the impact of significant declines in revenue and profit remained. - FY2021-Q3MitigatedAnnual report
「Automotive parts revenue declined 48.3% year on year in the first quarter due to the impact of operating stoppages and adjustments at automotive manufacturers associated with the spread of COVID-19, declined 11.9% in the second quarter, and recovered to a 2.3% increase in the third quarter.」
Although the impact of operating stoppages and adjustments due to COVID-19 remained, quarterly automotive parts sales recovered from declines of 48.3% in the first quarter and 11.9% in the second quarter to a 2.3% increase in the third quarter. The impact continued, however, on railway vehicle parts and hydraulic equipment products. - FY2021-Q2The decline in automotive parts revenue narrowedAnnual report
「Automotive parts revenue declined 48.3% year on year in the first quarter due to the impact of operating stoppages and adjustments at automotive manufacturers associated with the spread of COVID-19, but recovered to a decline of 11.9% in the second quarter.」
The impact of operating stoppages and adjustments due to the spread of COVID-19 continued, but the quarterly decline in automotive parts sales narrowed from 48.3% in the first quarter to 11.9% in the second quarter. On a cumulative basis, however, the powder metallurgy products business recorded a 28.6% decline in revenue, and the disclosure did not state that the impact of the risk had been eliminated. - FY2021-Q1MaterialisedAnnual report
「Automotive-parts sales fell sharply due to the effects of operating restrictions in various countries associated with the spread of COVID-19, as well as the suspension and production adjustments at automotive manufacturers resulting from weak demand for new vehicles and other factors, declining 48.6% in Japan, 61.1% in North America, and 62.6% in Southeast Asia from the same quarter of the previous year.」
Operating restrictions, weak demand for new vehicles, and production stoppages and operating adjustments at customer manufacturers resulting from the spread of COVID-19 actually led to lower sales in Japan, North America and Southeast Asia. - FY2020First statedAnnual report
「Automotive manufacturers have suspended or adjusted operations due to operating restrictions in various countries and weak demand for new vehicles resulting from the spread of COVID-19, and the Group has also adjusted operations.」
The spread of COVID-19 was stated for the first time as an independent business risk. As of the fiscal year-end, automotive manufacturers had already suspended or adjusted operations, the Group had adjusted operations, and sales in the powder metallurgy and hydraulic equipment businesses had declined. Measures include health and hygiene management, telework, adjusting the number of operating days, reducing fixed costs, raising short-term funds and securing credit facilities.