Economic and demand impact from the spread of COVID-19
First written in FY2021-Q1. 5 of 11 entries say "Restated". Latest entry: FY2024-Q1.
Punch Industry moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
60 other companies' latest entry also says "Mitigated".
- FY2024-Q1MitigatedAnnual report
「Although a recovery in consumption was expected as restrictions on activity related to COVID-19 were eased,」
The disclosure describes the expectation that consumption would recover as restrictions on activity related to COVID-19 were eased. It continues to indicate the potential impact on operating results depending on how the situation develops. - FY2023RestatedAnnual report
「Although the impact of COVID-19 on operating results is expected to recover gradually going forward, market conditions have entered a downtrend, and sluggish demand is expected to continue for the time being.」
While a gradual recovery from the impact of COVID-19 is expected, the disclosure also cites the downtrend in market conditions and the continued sluggish demand expected for the time being. - FY2023-Q3MitigatedAnnual report
「Although restrictions on activity imposed due to COVID-19 were eased and signs of a recovery in economic activity were observed,」
The disclosure states that restrictions on activity due to COVID-19 were eased and signs of a recovery in economic activity were observed. It continues to mention the potential impact on operating results depending on how the situation develops. - FY2023-Q1RestatedAnnual report
「During the first quarter of the fiscal year, there were no new business or other risks, nor any significant changes to the business or other risks described in the annual securities report for the previous fiscal year. The impact of the spread of COVID-19 during the first quarter is described in “2. Analysis of Financial Condition, Operating Results and Cash Flows by Management, (1) Financial Condition and Operating Results,” but depending on how the situation develops, it may affect the Group’s operating results and other matters.」
While stating that there were no new risks or significant changes to existing risks, the disclosure continues to mention the potential impact on operating results depending on how COVID-19 develops. - FY2022MitigatedAnnual report
「Although demand for mold components is expected to remain weak for an extended period due to COVID-19, demand is expected to recover gradually going forward.」
While the impact of COVID-19 on demand remains, the disclosure describes a recovery trend from the spread of the virus and the expected recovery in demand going forward. - FY2022-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no new business or other risks, nor any significant changes to the business or other risks described in the annual securities report for the previous fiscal year. The impact of the spread of COVID-19 during the first nine months is described in “2. Analysis of Financial Condition, Operating Results and Cash Flows by Management, (1) Financial Condition and Operating Results,” but depending on how the situation develops, it may affect the Group’s operating results and other matters.」
While stating that there were no new risks or significant changes to existing risks, the disclosure continues to mention the potential impact on operating results depending on how COVID-19 develops. - FY2022-Q2RestatedAnnual report
「During the first 2 quarters of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year. The impact of the spread of COVID-19 during the first 2 quarters of the current consolidated fiscal year is described in “2. Analysis of Financial Position, Business Results and Cash Flows by Management, (1) Financial Position and Business Results,” but depending on future developments, it may affect the group's business results and other matters.」
While stating that there were no new risks or significant changes to existing risks, the disclosure continues to mention the potential impact on operating results depending on how COVID-19 develops. - FY2022-Q1RestatedAnnual report
「During the first quarter of the fiscal year, there were no new business or other risks, nor any significant changes to the business or other risks described in the annual securities report for the previous fiscal year. The impact of the spread of COVID-19 during the first quarter is described in “2. Analysis of Financial Condition, Operating Results and Cash Flows by Management, (1) Financial Condition and Operating Results,” but depending on how the situation develops, it may affect the Group’s operating results and other matters.」
While stating that there were no new risks or significant changes to existing risks, the disclosure continues to mention the potential impact on operating results depending on how COVID-19 develops. - FY2021-Q3WorsenedAnnual report
「In addition, as the containment of COVID-19 cannot be forecast beyond the fourth quarter and the business environment surrounding the Company is expected to remain uncertain, the Group's operating results and other matters are expected to be highly likely to be affected from the current fiscal year through the next fiscal year.」
The company states that, with no clear outlook for containing COVID-19, the period during which an impact may occur extends from the current fiscal year into the next fiscal year. - FY2021-Q2WorsenedAnnual report
「As the end of COVID-19 remains unforeseeable even after the third quarter and the business environment surrounding the company is expected to remain uncertain, COVID-19 is expected to have a high likelihood of affecting the group's business results and other matters at least during the current fiscal year.」
The company explicitly states that, with no clear outlook for containing COVID-19, uncertainty will continue from the third quarter onward and the likelihood of an impact on operating performance and other factors is high at least for the current fiscal year. - FY2021-Q1First statedAnnual report
「During the three-month period ended [the current first quarter], the global economy deteriorated rapidly and significantly as a result of the global spread of COVID-19. The Japanese economy also introduced economic measures, including cash payments to households and financial support for companies, to prevent a severe economic downturn. However, as there was no clear prospect of containing the spread of COVID-19, the outlook remained difficult to predict.」
For the first time, the company lists the deterioration of economic conditions caused by the spread of COVID-19 and uncertainty over its containment outlook as a separate risk. In fact, the automotive-related business remained sluggish, and sales in all regions were below the year-earlier period.