Impact of COVID-19 on business and earnings
First written in FY2020. 5 of 10 entries say "Worsened", first in FY2021-Q2. Latest entry: FY2025.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2025RestatedAnnual report
「The group operates globally and has manufacturing and sales bases in many countries. If a major earthquake, flood or other natural disaster, infectious disease outbreak, conflict, terrorism or other event occurs in these regions, it could materially affect the group's production, business performance and financial position, including its ability to secure procured goods.」
The company continues to disclose global business continuity risks, including natural disasters, conflicts, terrorism and infectious diseases. - FY2024-Q3RestatedAnnual report
「During the cumulative consolidated third quarter under review, there was no occurrence of new business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes to its existing business and other risks, including the impact of the spread of COVID-19 on its businesses and performance. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year, supply chain disruptions, including tight supply and demand for components and soaring energy prices, continued due to the impact of COVID-19, Russia's invasion of Ukraine and other factors. The sense of an economic slowdown strengthened toward the latter part of the cumulative third quarter due to stagnating economic activity in China and inflation and monetary tightening in the United States and other countries.」
COVID-19 continues to be cited as a factor behind supply chain disruptions and the growing sense of an economic slowdown. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter of the fiscal year, the global economy's recovery slowed as economic activity stagnated in China and the risk of an economic slowdown increased in the United States due to the effects of inflation and monetary tightening. In addition, COVID-19, lockdowns in China, Russia's invasion of Ukraine and other factors caused further supply chain disruptions, including tight supply and demand for components and soaring energy prices, and the outlook remained uncertain.」
COVID-19 and lockdowns in China continue to be cited as factors behind supply chain disruptions and the slower pace of economic recovery. - FY2023-Q1WorsenedAnnual report
「During the three-month period ended the first quarter, the global economy maintained a recovery trend, led by developed countries such as the United States. However, the effects of COVID-19, lockdowns in China and Russia's invasion of Ukraine caused further supply chain disruptions, including tight supply and demand for components and surging energy prices, further increasing uncertainty over the outlook.」
Amid the continuing impact of COVID-19 and lockdowns in China, tight supply and demand for components and supply chain disruptions have further increased uncertainty in the business environment, including infectious disease risks. - FY2022-Q3WorsenedAnnual report
「During the nine-month period ended the third quarter, the global economy remained on a recovery trend, led by developed countries such as the United States, but the pace of recovery slowed in the latter half of the period due to China's stalled recovery, the renewed spread of COVID-19 and supply chain disruptions caused by a sharp increase in demand.」
The continued resurgence of COVID-19, together with supply chain disruptions and other factors, has contributed to a slower pace of economic recovery. - FY2022-Q1WorsenedAnnual report
「However, the outlook remains uncertain due to factors including renewed spread of COVID-19 and supply chain disruptions resulting from a sharp increase in demand.」
The renewed spread of infectious diseases has been noted, and the outlook remains uncertain as supply chain disruptions have compounded the situation. - FY2021-Q3WorsenedAnnual report
「However, movements to restrict economic activity have again spread in various parts of the world as COVID-19 infections have resurged, leaving the outlook uncertain.」
Restrictions on economic activity associated with the resurgence of infections have again spread, and uncertainty surrounding infectious disease risks has continued. Cumulative orders received through the third quarter declined 13.3% year on year, while sales declined 26.7%. - FY2021-Q2WorsenedAnnual report
「Orders received for the first 6 months of the current consolidated fiscal year totaled ¥30.599 billion, down 42.5% year on year, as customers remained cautious about capital investment due in part to the spread of COVID-19. Sales totaled ¥42.307 billion, down 29.0%.」
The impact of the continued spread of the infection has emerged as declines in orders received and sales amid a cautious approach to capital investment. - FY2020MaterialisedAnnual report
「The spread of COVID-19 has affected the production, business performance and financial position of the group through factors including lower sales in each business and lower operating rates at its plants. To address the spread of COVID-19, the group implemented the following principal emergency measures.」
The spread of COVID-19 was first disclosed as a standalone business and other risk, with the company stating that lower sales and reduced plant operating rates had already occurred.