Economic Deterioration and Declining Demand for Finished Products Due to COVID-19
First written in FY2020. 1 of 9 entries say "Restated". Latest entry: FY2023-Q1.
The whole theme swung hardest in 2020: 112 of 175 companies on the "Worse" side.
5 other companies' latest entry also says "Other".
- FY2023-Q1Acceptance delays caused by lockdowns in ChinaAnnual report
「Although lockdowns in China and other factors delayed the acceptance process for some machinery products during the period, the related revenue is expected to be recognized sequentially from the following quarter onward.」
The company explained that lockdowns in China and other factors actually caused acceptance delays for some machinery products. At the same time, it expects the related sales to be recognized sequentially from the following quarter onward. - FY2022RestatedAnnual report
「Although COVID-19 continued to spread worldwide during the fiscal year (the “period”), restricting economic activity, strong customer inquiries continued, and the company does not believe that COVID-19 had a material impact on business performance during the period.」
The company explained that, although the spread of COVID-19 and restrictions on economic activity continued, strong customer inquiries persisted and it did not recognize any material impact on business performance during the period. - FY2022-Q3Supply constraints and continued demand during COVID-19Annual report
「Although the market environment during the nine-month period of the current third quarter (the “period”) was affected by supply chain disruptions and supply constraints caused by COVID-19, strong semiconductor demand continued across a broad range of applications, including 5G-related products and automotive applications, against a backdrop of accelerating global decarbonization.」
Although the effects of COVID-19-related supply chain disruptions and supply constraints were observed, semiconductor demand remained strong, driven by 5G, automotive applications and decarbonization. The text does not state that COVID-19 caused economic deterioration or a significant decline in demand for end products. - FY2022-Q2Broad-based demand expanded even after stay-at-home demand peakedAnnual report
「Even after stay-at-home demand during the COVID-19 pandemic peaked, demand for semiconductors and electronic components increased across a broad range of applications, including 5G-related products and automotive applications.」
The company explained that, even after stay-at-home demand peaked, demand for semiconductors and electronic components increased across a broad range of applications, including 5G-related and automotive applications. This does not mean that the risks of economic deterioration or a decline in demand for end products caused by COVID-19 have been withdrawn. - FY2022-Q1Expansion of semiconductor demand from stay-at-home demand during COVID-19Annual report
「During the nine-month period of the current first quarter (the “period”), semiconductor demand continued to expand from the previous quarter across a broad range of applications, including consumer and automotive applications, due to the spread of 5G and the expansion of stay-at-home demand during the COVID-19 pandemic.」
The company explained that stay-at-home demand expanded during COVID-19, driving semiconductor demand across a broad range of applications. The text does not state that economic deterioration or a significant decline in demand for end products caused by COVID-19 occurred during the quarter. - FY2021No material impact or change in strategy during COVID-19Annual report
「Based on these factors, there has been no change in the Group’s management strategy or other policies due to the spread of COVID-19. However, if economic conditions deteriorate and demand for end products declines significantly in the future due to the effects of COVID-19, the Group’s business performance may be adversely affected.」
The company explained that, although COVID-19 spread worldwide, strong customer inquiries continued and there was no change in its management strategy or other policies. At the same time, it continues to identify the risks of future economic deterioration and a decline in demand for end products. - FY2021-Q2Customer inventory build-up due to the impact of COVID-19Annual report
「Shipments of precision processing tools, which are consumables, remained at a high level, supported by customers’ high equipment utilization rates and by customer inventory build-up in response to the impact of COVID-19 and other factors.」
The company explained that customers built up inventories in response to the impact of COVID-19 and other factors. It did not state that COVID-19 caused a significant decline in demand for end products, and tool shipments remained at a high level. - FY2021-Q1The impact of lower demand due to COVID-19 did not materialize during the quarterAnnual report
「Although the impact of COVID-19 was a concern, customers maintained their investment plans. As a result, shipments of our precision processing equipment increased substantially, particularly for high-volume semiconductor production applications, reaching a record quarterly high in shipment value.」
The company explained that, despite concerns over the impact of COVID-19, customers maintained their investment plans and shipments of equipment for volume production applications increased significantly. This does not mean that the risk of future economic deterioration or a decline in demand for end products has been withdrawn. - FY2020First statedAnnual report
「However, if economic conditions deteriorate and demand for end products declines significantly in the future due to the effects of COVID-19, the Group’s business performance may be adversely affected.」
Although the spread of COVID-19 itself occurred in the latter half of the period, deterioration in business performance caused by economic deterioration or a significant decline in demand for end products was identified as a future possibility.