Risk of greater losses due to the impact of the pandemic
First written in FY2020. 4 of 12 entries say "Mitigated", first in FY2022-Q3. Latest entry: FY2024.
The Hanshin Diesel Works moved to the "Worse" side of this theme in 2020, 1 year before the typical company in this theme (2021).
The whole theme swung hardest in 2025: 2 of 13 companies on the "Worse" side.
6 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「The COVID-19 pandemic has currently subsided, but if it resurges or a new infectious disease spreads, the company will respond promptly by applying the experience gained, including centralizing information through a task force and using staggered working hours and telework.」
The company considers COVID-19 to have currently subsided, easing its previous view that the impact would continue. It will nevertheless continue its task force, staggered working hours and telework in preparation for a resurgence or new infectious disease. - FY2023MitigatedAnnual report
「The COVID-19 situation is currently recovering toward pre-pandemic conditions, but if the disease resurges or a new infectious disease spreads, the company will respond promptly by applying the experience gained, including centralizing information through a task force and using staggered working hours and telework.」
While stating that the impact of the pandemic is recovering toward pre-pandemic conditions, the company will continue its task force, staggered working hours and telework in preparation for a resurgence or new infectious disease. - FY2023-Q1MitigatedAnnual report
「By business segment, main engine sales fell 24.9% year on year to ¥1,031 million as both domestic sales and exports declined. Sales of parts and repair services rose 19.7% to ¥1,193 million as exports recovered.」
While the impact of the pandemic continued, main engine sales declined, whereas overseas parts and repair services rose 19.7% year on year as exports recovered. - FY2022RestatedAnnual report
「At present, the impact of the ongoing COVID-19 pandemic on the company is limited. To control infection risks, the company has established a COVID-19 task force to centralize the collection and dissemination of information.」
The company considers the impact of the pandemic to be limited and continues to manage infection and operational risks through a task force, centralized information management and workplace measures. - FY2022-Q3MitigatedAnnual report
「The impact of COVID-19 on operating revenue and other items is expected to continue into the following fiscal year, partly because the Omicron variant has newly emerged. However, the impact is expected to be limited to overseas parts projects, while its impact on main engines and domestic parts projects is expected to be small, and it is not expected to have a material effect on the recoverability of deferred tax assets or impairment accounting for fixed assets.」
While the impact of the pandemic is expected to continue into the following fiscal year, the company considers its scope to be limited to overseas parts projects, with only a small impact on main engines and domestic parts projects. - FY2022-Q2Recovery in main engines alongside the continuing impact on parts and overseas projectsAnnual report
「By business segment, main engine sales were ¥2,800 million, up 18.6% year on year, as an increase in exports offset a decline in domestic sales. Sales of parts and repair services were ¥2,030 million, down 15.5%, as exports declined despite a slight increase in domestic sales.」
While the impact of the pandemic continued, main engine sales rose 18.6% year on year on higher exports, whereas parts and repair services fell 15.5% because of lower exports, with the impact differing by business segment and region. - FY2022-Q1The impact of exports and parts alongside a partial recoveryAnnual report
「Orders received were ¥2,063 million, down 9.7% year on year, as increased orders for main engines were outweighed by a decline in parts orders due to the impact of the pandemic and other factors.」
While orders for parts declined because of the pandemic and other factors, orders for main engines increased. The impact of the pandemic is continuing, but its effects differ by business segment. - FY2021WorsenedAnnual report
「As a result, domestic sales of both main engines and parts declined only slightly, but export sales fell sharply, by approximately 70% for main engines and approximately 30% for parts, causing sales to fall substantially below the previous fiscal year's level.」
The impact of the pandemic was reflected in full-year results as a sharp decline in overseas export sales, with main engine exports down approximately 70% and parts exports down approximately 30%. - FY2021-Q3WorsenedAnnual report
「By business segment, main engine sales were ¥3,617 million, down 25.8% year on year, as a slight decline in domestic sales was compounded by a sharp decline in exports, apparently due to the spread of COVID-19 overseas. Sales of parts and repair services were ¥3,346 million, down 13.9%, as the disappearance of special overseas demand in the first half of the previous fiscal year was accompanied by a sharp decline in exports, apparently due to the spread of the disease overseas, similar to main engines, while domestic sales also declined slightly.」
The sharp decline in overseas exports, apparently caused by the spread of the pandemic, was reflected in sales of main engines and parts. Main engine sales fell 25.8% year on year, while parts and repair services fell 13.9%. - FY2021-Q2MaterialisedAnnual report
「Sales of main engines declined slightly in Japan, while exports fell sharply, apparently due to the spread of COVID-19 overseas, resulting in sales of ¥2,360 million, down 32.3% year on year. Sales of parts and repair services were ¥2,403 million, down 15.5%, as the disappearance of special overseas demand was accompanied by a sharp decline in exports, apparently due to the spread of the disease overseas, similar to main engines, while domestic sales also declined slightly.」
The sharp decline in overseas exports, apparently caused by the spread of the pandemic, was reflected in sales of main engines and parts. Main engine sales fell 32.3% year on year, while parts and repair services fell 15.5%. - FY2021-Q1MaterialisedAnnual report
「During the first quarter cumulative period, Japan's economy was in a sharp recession as actual demand declined because of the spread of COVID-19, and significant negative growth is expected.」
The impact of the pandemic, which was identified as a risk in the previous fiscal year, has emerged in the actual business environment as weaker actual demand and an economic recession. - FY2020First statedAnnual report
「If infections were to spread widely within the company, operations could be suspended, potentially having a significant impact on business results and financial condition. At present, the impact of the ongoing COVID-19 pandemic on the company is limited. To control infection risks, the company has established a COVID-19 task force to centralize the collection and dissemination of information.」
For COVID-19, the company newly identifies widespread internal infections and resulting operational suspensions as a risk, and describes measures including establishing a task force, centralizing information collection and dissemination, teleworking and staggered working hours.