Economic slowdown, delays in capital investment, and lower factory operating rates due to COVID-19
First written in FY2020. 8 of 16 entries say "Restated". Latest entry: FY2026-H1.
Japan Material moved to the "Worse" side of this theme in 2023, 2 years after the typical company in this theme (2021).
The whole theme swung hardest in 2024: 5 of 21 companies on the "Worse" side.
12 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new major risks or significant changes to the business risks described in the annual securities report that management recognized as potentially having a material effect on the financial position, operating results, or cash flows of the consolidated companies, among the matters concerning business conditions and financial matters described in this Semiannual Report.」
It is stated that there have been no significant changes in the risks of an economic slowdown, delays in capital investment and lower factory utilization due to COVID-19. - FY2024SoftenedAnnual report
「During the current consolidated fiscal year, Japan’s economy made progress toward normalizing economic activity as COVID-19 was reclassified as a Class 5 infectious disease, although」
The transition of COVID-19 to a Class 5 infectious disease and the normalization of economic activity are now prominent, while references to the risks of an economic slowdown and restrictions on activity due to the disease have weakened. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, Japan’s economy moved toward normalization of economic activity as COVID-19 was reclassified as a Class 5 infectious disease, while」
The transition of COVID-19 to a Class 5 infectious disease and the movement toward normalization of economic activity continue, and the risks of an economic slowdown and restrictions on activity due to COVID-19 are no longer prominent. - FY2024-Q2SoftenedAnnual report
「During the cumulative second quarter of the fiscal year, the Japanese economy made further progress toward normalisation of economic activity following the reclassification of COVID-19 as a Category V infectious disease.」
The transition to a Class 5 infectious disease and further progress toward normalization of economic activity have been indicated, and references to the risks of an economic slowdown and restrictions on activity due to COVID-19 have weakened further. - FY2024-Q1SoftenedAnnual report
「While COVID-19 was reclassified as a Category V infectious disease in May 2023 and infection-control measures were substantially eased, economic activity moved toward normalisation」
The transition of COVID-19 to a Class 5 infectious disease and the substantial easing of infection-control measures have been indicated, weakening references to the risks of an economic slowdown and restrictions on activity due to the disease compared with the previous full fiscal year. However, external environmental risks unrelated to COVID-19 continue. - FY2023SoftenedAnnual report
「During the current consolidated fiscal year, Japan’s economy gradually moved toward normalization of economic activity as restrictions on activities imposed due to COVID-19 were eased, although」
Compared with the emphasis through the previous quarter on the renewed spread of infections and uncertainty about the outlook, the easing of restrictions on activities and normalization of economic activity are now more prominent, while references to the risk of an economic slowdown due to COVID-19 have weakened. - FY2023-Q3WorsenedAnnual report
「Although restrictions on activity related to COVID-19 were eased and the economy showed signs of a moderate recovery, the outlook remains uncertain due to the international situation surrounding Ukraine, surging raw material and energy prices, sharp exchange-rate fluctuations, and the resurgence of COVID-19.」
Although the easing of restrictions on activities and an economic recovery were indicated, the renewed spread of COVID-19 was explicitly identified as a new source of uncertainty, again highlighting the risk associated with the disease. - FY2023-Q1RestatedAnnual report
「During the three-month consolidated cumulative period, Japan's economy showed signs of recovery due to the promotion of vaccination, the effects of various policies and improvements in overseas economies, despite the lingering effects of COVID-19. However, the outlook remains uncertain due to the identification of new variants, surging raw material and crude oil prices resulting from the deterioration of the international situation surrounding Ukraine, and the effects of the rapid depreciation of the yen.」
Although the impact of COVID-19 remains, signs of a recovery due to the effects of policy measures and other factors have also been indicated. Uncertainty regarding COVID-19 continues, including the identification of new variants. - FY2022RestatedAnnual report
「Although COVID-19 had no significant impact during the current consolidated fiscal year, it could have an impact if the business environment changes due to the future spread of infections or other factors. The Group will continue to closely monitor economic and market trends and conduct careful reviews.」
Although COVID-19 had no significant impact on business activities during the current fiscal year, the possibility of future impacts from the spread of infections and changes in the business environment continues to be disclosed. - FY2022-Q3RestatedAnnual report
「There have been no significant changes in the assumptions concerning the impact of COVID-19 described under “Additional Information” (Impact of COVID-19) in the annual securities report for the previous consolidated fiscal year.」
It is stated that there have been no significant changes in the assumptions regarding the impact of COVID-19 disclosed in the previous fiscal year. Meanwhile, the economic analysis identifies new variants and difficulties in procuring materials. - FY2022-Q2RestatedAnnual report
「There have been no significant changes in the assumptions concerning the impact of COVID-19 described under “Additional Information” (Impact of COVID-19) in the annual securities report for the previous consolidated fiscal year.」
It is stated that there have been no significant changes in the assumptions regarding the impact of COVID-19 disclosed in the previous fiscal year. - FY2022-Q1RestatedAnnual report
「Although the economy showed signs of recovery amid the effects of various government policies and improving overseas economies, uncertainty about the outlook has continued owing to the resurgence of infections, particularly from new variants.」
Although signs of an economic recovery were seen due to the effects of policy measures and other factors, uncertainty regarding COVID-19 continued as infections spread again, particularly with the emergence of new variants. - FY2021-Q3WorsenedAnnual report
「During the nine-month consolidated cumulative period, Japan's economy remained in difficult conditions due to the global spread of COVID-19. After the lifting of the state of emergency, socioeconomic activity gradually resumed and the economy showed signs of recovery due to the effects of various policies, but the outlook remains uncertain due to the resurgence of infections.」
Although the gradual resumption of socioeconomic activity and signs of an economic recovery were indicated, it is stated that uncertainty about the outlook intensified as infections spread again. - FY2021-Q2RestatedAnnual report
「During the six-month consolidated cumulative period, socioeconomic activity gradually resumed as measures were taken to prevent the spread of COVID-19, and the economy showed signs of recovery due to the effects of various policies, but the outlook remains uncertain.」
Although socioeconomic activity gradually resumed under measures to prevent the spread of COVID-19, uncertainty about the outlook continued. - FY2021-Q1MaterialisedAnnual report
「During the three-month consolidated cumulative period, Japan's economy was significantly affected at home and abroad by the global spread of COVID-19, including restrictions on socioeconomic activity, and the outlook remains uncertain.」
Compared with the previous full fiscal year, when the impact of COVID-19 was presented as the possibility of a future economic slowdown and delays in capital investment, the current quarter explicitly described restrictions on socioeconomic activity and a significant impact on the domestic and overseas economies. The Graphics Solutions business also experienced lower sales due to event cancellations and customers refraining from holding events. - FY2020First statedAnnual report
「Further slowdowns in domestic and overseas economic activity, delays in capital investment by major customers, and significant declines in utilization rates at customer factories could affect future business activities and operating results.」
Although it states that COVID-19 had no significant impact on business activities during the current consolidated fiscal year, the company newly disclosed the possibility of future impacts from an economic slowdown, delays in capital investment by major customers and lower utilization rates at customer factories.