Impact of the Spread of COVID-19 on Demand and Operations
First written in FY2020-Q1. 4 of 13 entries say "Worsened", first in FY2020-Q2. Latest entry: FY2023-Q2.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2023-Q2RestatedAnnual report
「Although China lifted its zero-COVID policy, the economy slowed due to the spread of COVID-19, and difficult conditions continued in the manufacturing sector, including IT and electronic components, where production adjustments, temporary layoffs and other measures were implemented.」
The document states that the economic slowdown and production adjustments and temporary layoffs in China's manufacturing sector have continued following the spread of the pandemic. - FY2023-Q1WorsenedAnnual report
「Although China lifted its zero-COVID policy, the economy slowed as COVID-19 infections spread.」
Infections continued to spread in China even after the zero-COVID policy was lifted, with the impact of the pandemic again becoming apparent in the economic slowdown and production adjustments in the manufacturing sector. - FY2022MitigatedAnnual report
「The impact of COVID-19 is currently limited, but concerns remain about a resurgence in infections and the outlook remains uncertain.」
The impact of the pandemic was considered limited at present, indicating an easing from previous levels, but concerns about a resurgence and uncertainty remained. - FY2022-Q3RestatedAnnual report
「In Japan, the seventh wave of infections began in July, and the number of Omicron infections rose sharply. However, the impact on economic activity was limited, partly because no restrictions on activity were imposed.」
It states that Japan experienced a seventh wave caused by Omicron, but that the impact on economic activity was limited because restrictions on activity were not imposed, among other factors. - FY2022-Q2MitigatedAnnual report
「In Japan, the number of Omicron infections rose sharply after the start of 2022, but had recently been declining. Economic activity moved toward normalization following the lifting of priority preventive measures and other developments.」
Although the spread of infections caused by Omicron continued, domestic economic activity moved toward normalization as the number of infections declined and restrictions on activity were lifted. - FY2022-Q1WorsenedAnnual report
「During the first quarter of the current consolidated fiscal year, the economic environment remained on a recovery trend as efforts continued to contain COVID-19 while maintaining economic activity. However, after the start of 2022, the pace of recovery slowed as the rapid spread of the Omicron variant led to restrictions on going out and other measures.」
Although the recovery trend was maintained despite the impact of the pandemic, the pace of recovery slowed due to the rapid spread of the Omicron variant and restrictions on going out. - FY2021MitigatedAnnual report
「The impact of COVID-19 is currently moving toward recovery, but concerns remain about a resurgence in infections due to the emergence of variants, and the outlook remains uncertain.」
Although the impact of the pandemic was said to be moving toward recovery, concerns about a resurgence caused by variants and uncertainty remained. - FY2021-Q3WorsenedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, the economic environment gradually moved toward recovery from the global spread of COVID-19 that began last year. Although the number of new infections had been declining after peaking in late April, partly as vaccines became more widely available, the spread of variants such as Delta meant that the situation remained unpredictable.」
While the global economy was on a recovery trend, the document notes a resurgence in infections caused by variants such as Delta and again highlights the uncertainty surrounding the impact of the pandemic. - FY2021-Q2MitigatedAnnual report
「In our Group, performance had been on a recovery trend since the second half of the previous fiscal year. Although conditions varied by region, this trend became more pronounced in the current fiscal year.」
It states that performance had been recovering since the second half of the previous fiscal year despite the impact of the pandemic, and that this trend became more pronounced in the current fiscal year. However, the domestic state of emergency and the impact on the aircraft-related industry remained. - FY2021-Q1RestatedAnnual report
「In Europe and Africa, the economy had been recovering since the second half of the previous fiscal year, but deteriorated again due to the resurgence of COVID-19 infections.」
Although some regions were recovering, the economies of Europe and Africa deteriorated again due to the resurgence of infections. Recovery and deterioration coexisted depending on the region. - FY2020-Q3RestatedAnnual report
「In the Group's major markets, automobile production volumes declined significantly from the same period of the previous year, except in China, while the aircraft-related industry was also in a very difficult situation. Although some regions are showing signs of recovery, uncertainty remains about the outlook as described above, and it will still take time for conditions to return to pre-pandemic levels.」
Although signs of recovery were recognized in some regions, the document states that the automotive and aerospace-related markets remained weak and that the return to pre-pandemic levels would take longer. - FY2020-Q2WorsenedAnnual report
「In China, the impact of the novel coronavirus became pronounced around the Lunar New Year, and the Group's manufacturing companies suspended operations until mid-February. They subsequently resumed operations and have been recovering since late March, but have not yet reached previous levels. Operations in South Korea were also running at approximately 70% to 80% capacity. Many other Asian countries imposed lockdowns and were seriously affected.」
The impact of COVID-19 spread from China and South Korea to other Asian countries. The impact on operations and demand expanded, with China's recovery still below previous levels and South Korea's operating rate falling to 70%–80%. - FY2020-Q1First statedAnnual report
「In China, the impact of the novel coronavirus became pronounced around the Lunar New Year, and the Group's manufacturing companies suspended operations until mid-February. The Group's manufacturing companies in South Korea were also operating at approximately 90% capacity. Other Asian countries were similarly affected to varying degrees, resulting in lower revenue and lower profit in the Asian segment as a whole compared with the same period of the previous year.」
The impact of COVID-19 materialized in the suspension of operations at the Chinese manufacturing companies, operations at approximately 90% capacity at the South Korean manufacturing companies, effects on other parts of Asia, and lower revenue and lower profit in the Asian segment.