Production and sales stoppages and delayed recovery in demand due to COVID-19
First written in FY2020. 4 of 12 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2024.
The whole theme swung hardest in 2025: 5 of 15 companies on the "Worse" side.
11 other companies' latest entry also says "Dropped".
- FY2024DroppedAnnual reportThe specific themes of production and sales stoppages and delayed demand recovery resulting from COVID-19 are not explicitly identified in this filing.
- FY2023-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, restrictions on activity related to COVID-19 were eased in many regions, but unstable conditions continued in China, where the recovery in consumption slowed due to restrictions on movement under the zero-COVID policy.」
While restrictions on activity were eased in many regions, the recovery in consumption slowed in China due to restrictions on movement. The risks of production and sales stoppages and delayed demand recovery resulting from the pandemic were both easing and continuing to have remaining effects. - FY2023-Q2MitigatedAnnual report
「The normalisation of economic activity progressed, particularly in developed countries in Europe and North America, as the economy began to recover due to the effects of measures to prevent the spread of COVID-19 and the easing of restrictions on movement.」
The normalisation of economic activity progressed, particularly in developed countries in Europe and North America, due to the effects of measures to prevent the spread of infections and the easing of restrictions on movement, partially mitigating the risks of production and sales stoppages and delayed demand recovery resulting from the pandemic. Meanwhile, extensive restrictions on movement were imposed in China, and the filing also identifies remaining effects. - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, the global economy continued to face disruption to international transportation, higher transportation costs, shortages of components including semiconductors, and an economic slowdown resulting from China's zero-COVID policy, even as efforts to balance pandemic controls with economic activity progressed.」
As efforts to balance pandemic controls with economic activity progressed, delays in demand recovery resulting from the pandemic were easing, while the filing also identifies remaining effects, including those of China's zero-COVID policy. - FY2022MitigatedAnnual report
「Although COVID-19 continued to spread, economic activity resumed alongside progress in vaccinations, particularly in developed countries, and a broad-based recovery in economic conditions was seen.」
Although the pandemic continued to spread, demand recovery progressed as vaccinations advanced and economic activity resumed, resulting in higher revenue in both the industrial sewing machine business and the automotive business. The risk of delayed demand recovery resulting from the pandemic has eased from the previous fiscal year. - FY2022-Q2MitigatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, the spread of COVID-19 slowed toward the latter part of the period, and restrictions on movement were eased in China, the Americas and Europe, among other regions, with economic activity gradually moving toward normalisation. However, uncertainty persisted due to the renewed spread of infections in Southeast Asia, semiconductor supply shortages, and higher raw material and transportation costs.」
The easing of restrictions on movement and normalisation of economic activity progressed in China, the Americas and Europe, among other regions, partially mitigating the risk of delayed demand recovery resulting from the pandemic. At the same time, the filing identifies remaining uncertainties, including the renewed spread of infections in Southeast Asia. - FY2022-Q1MitigatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, the global economy moved toward recovery as the spread of COVID-19 began to be contained through progress in vaccinations and the effects of additional economic measures, particularly in the United States and Europe.」
The filing states that the global economy moved toward recovery due to progress in vaccinations and additional economic measures, partially mitigating the risk of delayed demand recovery resulting from the pandemic. However, it newly identifies the impact of automobile production stoppages and delays caused by semiconductor shortages on die-cast components. - FY2021MaterialisedAnnual report
「Performance in the first half of the consolidated fiscal year deteriorated as apparel manufacturers, our customers, were forced to reduce production and suspend plant operations worldwide due to the spread of COVID-19.」
The pandemic caused customers to reduce production and suspend plant operations, and the impact materialised as deteriorating performance in the first half of the fiscal year. - FY2021-Q3MaterialisedAnnual report
「China, where the spread of COVID-19 had begun to subside, resumed business activity first, followed by efforts to restore economic activity in Southeast Asia, Europe and the United States. As a result, demand for capital investment began to recover, albeit weakly, but a full recovery did not materialize, resulting in net sales of ¥6,475 million, down 32.0% year on year, and segment profit of ¥898 million, down 20.4%.」
Although economic activity resumed in each region and a modest recovery was seen in demand for capital investment, a full-scale recovery was not achieved, and sluggish sales of industrial sewing machines have continued. - FY2021-Q2MaterialisedAnnual report
「In die-cast components, sales activities to expand sales channels continued, but the recovery in automobile production was delayed due to restrictions on economic activity and other effects of the spread of COVID-19. Revenue was ¥1,081 million, down 22.3% year on year, while segment profit was ¥27 million, compared with a segment loss of ¥37 million in the same quarter of the previous year, due in part to cost reductions.」
The recovery in automobile production was delayed against the backdrop of restrictions on economic activity and other factors related to the pandemic, and the impact has materialised as a decline in sales of die-cast components. - FY2021-Q1MaterialisedAnnual report
「Die-cast components, primarily automotive parts, were affected by the decline in automobile production resulting from the spread of COVID-19.」
The decline in automobile production resulting from COVID-19 had an actual impact on the die-cast components business. Sales of industrial sewing machines were also sluggish due to the stagnation of economic activity associated with the pandemic. - FY2020First statedAnnual report
「With regard to the impact of COVID-19, governments introduced lockdowns and other restrictions in China from late January 2020 and in Europe, the United States and other countries from mid-March 2020 onward. As a result, the Group was temporarily unable to produce or sell products or provide various services.」
For the first time, the filing specifically identifies, as separate business risks, regulatory restrictions in various countries resulting from COVID-19, temporary suspensions of production, sales and services, order cancellations and postponements, and a prolonged recovery in demand.