Stagnant economic activity and deteriorating demand and earnings due to the spread of COVID-19
First written in FY2021-Q1. 7 of 11 entries say "Restated". Latest entry: FY2024.
Shima Seiki Mfg. moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
37 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「If an infectious disease such as COVID-19 spreads globally (a pandemic) and an outbreak occurs within the company, the temporary suspension of business activities, including plant operations, could affect the performance and financial condition of the Group.」
The risk of plant and business suspensions caused by the spread of infectious diseases continues to be disclosed as a risk item alongside natural disasters and other risks. - FY2023RestatedAnnual report
「If an infectious disease such as COVID-19 spreads globally (a pandemic) and an outbreak occurs within the company, the temporary suspension of business activities, including plant operations, could affect the performance and financial condition of the Group.」
The risk of plant shutdowns and business suspensions caused by the spread of infectious diseases continues to be disclosed alongside infection-control measures. - FY2023-Q3RestatedAnnual report
「As the spread of COVID-19 has continued, business sentiment has deteriorated in the United States due to aggressive monetary tightening to contain inflation. In Europe, concerns about an economic slowdown have increased due to higher resource and energy prices associated with the prolonged Russia-Ukraine situation.」
The prolonged spread of COVID-19 and its resulting impact on economic activity and demand in each region have continued. - FY2023-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period, as the COVID-19 pandemic persisted, aggressive monetary tightening continued in the US to contain inflation. In Europe, recession risks increased owing to sharply higher resource prices associated with the prolonged Russia-Ukraine situation, as well as rising prices and interest rates. In China, downward pressure on the economy intensified owing to stagnation in the real estate market and the zero-COVID policy to prevent the spread of infection.」
The prolonged spread of COVID-19 and its impact on economic activity and demand in each region have continued. - FY2023-Q1RestatedAnnual report
「As the spread of COVID-19 has continued, recession concerns have increased in the United States due to aggressive monetary tightening to contain inflation. In Europe, corporate activity has slowed due to severe resource price increases associated with the prolonged situation in Ukraine. In China, lockdowns to prevent the spread of infection have stalled corporate activity and personal consumption,」
Amid the prolonged COVID-19 pandemic, the impact on economic activity and demand in the United States, Europe and China was described by region. - FY2022-Q3WorsenedAnnual report
「Economic conditions during the third quarter cumulative consolidated period were affected by the global spread of new COVID-19 variants, while」
The spread of new variants was reported, indicating that uncertainty regarding the economic and demand environment due to infectious diseases has continued. - FY2022-Q1RestatedAnnual report
「Economic conditions during the first quarter cumulative consolidated period were affected by the global spread of COVID-19, while」
The company stated that the global impact of COVID-19 had continued. It also noted signs of recovery in the United States, Europe and China. - FY2021MaterialisedAnnual report
「In the apparel industry, to which our group supplies products, a recovery in the demand environment remains unforeseeable due to the impact of the spread of infectious diseases.」
For the full fiscal year, the impact of COVID-19 became evident in the form of limited prospects for a recovery in demand, store closures and calls to refrain from going out, subdued capital investment, lower sales and substantial losses. - FY2021-Q3RestatedAnnual report
「The situation remains extremely severe as the impact of the spread of COVID-19 continues, consumer sentiment declines due to calls to refrain from going out, and a recovery in the demand environment is not expected.」
The continuing impact of COVID-19, the decline in consumer sentiment due to calls to refrain from going out, and the difficulty of a recovery in demand have persisted. - FY2021-Q2MaterialisedAnnual report
「The situation remains extremely severe as the impact of the spread of COVID-19 continues, consumer sentiment declines due to calls to refrain from going out, and a recovery in the demand environment is not expected.」
The continuing impact of COVID-19 has made weaker consumer sentiment and the difficulty of a recovery in demand evident in the business environment. - FY2021-Q1First statedAnnual report
「Economic conditions during the first quarter cumulative consolidated period became extremely severe as economic activity stagnated due to emergency measures by governments worldwide, including stay-at-home orders and travel restrictions, amid the spread of COVID-19.」
The stagnation of economic activity, deterioration in the demand environment and weakening capital investment sentiment associated with the spread of COVID-19 have for the first time been independently identified as risks evident in the actual business environment and earnings.