Impact of COVID-19 on Business Activities and Demand
First written in FY2020. 5 of 15 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2024.
Miura 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: 103 of 145 companies on the "Worse" side.
42 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「The normalization of economic activity has progressed following the reclassification of COVID-19 as a Class 5 infectious disease.」
The company explained that although the impact of the pandemic remained, the transition to Class 5 status was advancing the normalization of economic activity and easing its impact on conventional business activities. - FY2024-Q3MitigatedAnnual report
「The normalization of economic activity has progressed following the reclassification of COVID-19 as a Class 5 infectious disease.」
The company explained that the transition of COVID-19 to Class 5 status has advanced the normalization of economic activity and is easing its impact on conventional business activities. - FY2024-Q2MitigatedAnnual report
「During the cumulative second quarter, Japan's economy saw further progress toward normalization of economic activity following the reclassification of COVID-19 as a Class 5 infectious disease.」
The company explained that although the impact of COVID-19 remained, the transition to Class 5 status was driving the normalization of economic activity. - FY2024-Q1MitigatedAnnual report
「Economic activity is moving toward normalization as restrictions on activity have been eased following the reclassification of COVID-19 as a Class 5 infectious disease.」
The company explained that although COVID-19 continued, the transition to Class 5 status and the easing of restrictions on activity were reducing its impact on economic activity. - FY2023-Q3RestatedAnnual report
「Although the impact of COVID-19 on sales activities has been limited」
The company continued to indicate that although the pandemic was ongoing, its impact on sales activities was limited. - FY2023-Q2RestatedAnnual report
「Although COVID-19 had still not subsided, there were no restrictions on activity and its impact on sales activities was limited.」
The company explained that although the pandemic had not subsided, the absence of restrictions on activity had limited its impact on sales activities. - FY2023-Q1Impact limited by the lifting of restrictions on activity, but continuing in some regionsAnnual report
「Although COVID-19 had not yet subsided, there were no restrictions on activity, such as a state of emergency or priority preventive measures, and the impact on sales activities was limited.」
Although the absence of restrictions on activity limited the impact on sales activities in Japan, the pandemic continued to affect some regions, including through lockdowns in China. - FY2022-Q3Demand recovering in some regions, while impacts continue in Japan and elsewhereAnnual report
「In the consolidated results for the cumulative third quarter, the maintenance business remained firm in Japan, and the equipment sales business continued to see a recovery in capital investment demand. Sales of small once-through boilers and related equipment increased, although marine equipment remained weak. Overseas, regions where the equipment sales business had declined due to COVID-19 in the previous fiscal year saw a recovery in capital investment demand, and sales increased.」
Although capital investment demand recovered for domestic small once-through boilers and related equipment and in some overseas regions, the impact of the pandemic remained on domestic marine equipment and other businesses. - FY2022-Q2Demand recovering in some regions, while impacts continue in Japan and elsewhereAnnual report
「In the consolidated results for the cumulative second quarter, the maintenance business remained firm in Japan, and the equipment sales business showed signs of recovery in capital investment demand. Sales of small once-through boilers and related equipment increased from the previous fiscal year, although marine equipment remained weak. Overseas, the maintenance business remained firm, while regions whose equipment sales business had been significantly affected by COVID-19 in the previous fiscal year saw a recovery in capital investment demand.」
Although capital investment demand recovered in overseas regions affected by COVID-19, the impact continued in some domestic businesses, including marine equipment and laundry equipment. - FY2022-Q1MaterialisedAnnual report
「In Japan, the maintenance business remained firm, while the equipment sales business showed signs of recovery in capital investment demand. Sales of small once-through boilers and related equipment were at the same level as in the previous fiscal year, while sales of marine equipment and laundry equipment remained weak.」
The impact of COVID-19 has continued to appear in weak laundry equipment sales, and some demand in domestic equipment sales remains affected. - FY2021MaterialisedAnnual report
「Revenue was ¥134,732 million, down 6.2% year on year; operating profit was ¥17,858 million, down 3.7%; profit before tax for the year was ¥18,165 million, down 3.2%; and profit for the year attributable to owners of the parent was ¥12,695 million, down 7.6%.」
The impact of COVID-19 materialized for the full year in the weak performance of the core small once-through boiler and laundry equipment businesses, with consolidated revenue down 6.2% and operating profit down 3.7%. - FY2021-Q3MaterialisedAnnual report
「In the consolidated results for the cumulative third quarter, the maintenance business and marine equipment remained firm in Japan, while boiler sales and laundry equipment remained weak due to the impact of COVID-19. Overseas, boiler sales in China remained strong, and the maintenance business also remained firm.」
The impact of COVID-19 actually emerged in domestic boiler sales and laundry equipment and in sales in some overseas regions, with consolidated revenue down 6.5% year on year. - FY2021-Q2MaterialisedAnnual report
「In the consolidated results for the cumulative second quarter, the maintenance business and marine equipment performed steadily in Japan, while boiler sales and laundry equipment were sluggish due to the impact of COVID-19. Overseas, boiler sales in China performed well, and the maintenance business also remained steady. In terms of profit, although some costs declined due to restrictions on activity, profit fell as a result of the impact of lower revenue. As a result, revenue was ¥61,579 million, down 9.1% year on year; operating profit was ¥8,020 million, down 8.1%; profit before tax for the quarter was ¥8,109 million, down 8.4%; and profit for the quarter attributable to owners of the parent was ¥5,762 million, down 9.9%.」
The impact of COVID-19 emerged in domestic boiler sales and laundry equipment and in sales in some overseas regions, with consolidated revenue down 9.1% year on year and operating profit down 8.1%. - FY2021-Q1MaterialisedAnnual report
「In Japan, the maintenance business, marine equipment and special-purpose boilers remained firm, while laundry equipment remained weak, partly due to the impact of COVID-19.」
The impact of COVID-19 actually emerged in the weak performance of laundry equipment. - FY2020First statedAnnual report
「If changes in the political, economic, social or legal systems of various countries, restrictions on economic activity caused by riots, terrorism or epidemics, including COVID-19, or disruptions to supply chains and distribution networks occur, they may affect the Group's production, sales and maintenance activities, as well as its business performance and financial position.」
Restrictions on economic activity caused by epidemics, including COVID-19, and disruptions to supply chains and distribution networks were described for the first time as an independent country risk, with impacts also emerging as weak equipment sales in China and lower laundry demand.