Business Operations and Performance Risks from COVID-19
First written in FY2020. 9 of 12 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2023.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2023MitigatedAnnual report
「During the consolidated fiscal year, Japan's economy showed signs of a gradual recovery as economic activity normalized and the economy began to pick up following the easing of various COVID-19-related restrictions.」
The disclosure does not state that the infection risk has disappeared, but describes the easing of various restrictions, normalization of economic activity, and the economic recovery. - FY2023-Q3MitigatedAnnual report
「During the third quarter cumulatively, Japan's economy continued on a gradual recovery trend as economic activity normalized and personal consumption recovered following the easing of activity restrictions related to COVID-19.」
The disclosure does not state that the risk of COVID-19 has disappeared, but describes the easing of activity restrictions and progress toward normalization of economic activity. - FY2023-Q1MaterialisedAnnual report
「During the current first quarter of the fiscal year, Japan's economy showed some signs of recovery, partly due to the effects of various policies addressing COVID-19. However, the economic outlook remained uncertain due to the resurgence of infections caused by new variants, soaring raw material prices resulting from changes in the global situation, and the rapid depreciation of the yen.」
The impact of COVID-19 has continued in the form of renewed spread of infections caused by new variants and uncertainty about the economic outlook. - FY2022MaterialisedAnnual report
「The Group operates using multiple business sites. If an abnormal event, such as a large-scale natural disaster like the spread of COVID-19, occurs on a scale exceeding the company's assumptions and makes business operations difficult, it may have a significant impact on the Group's financial position, operating results, and other matters.」
The company has continued to disclose the risk of abnormal events, including COVID-19, as a separate risk item and describes the actual impact on sales, construction work, and vehicle supplies in each business. - FY2022-Q3MaterialisedAnnual report
「During the first 3 quarters of the current fiscal year, Japan's economy showed a gradual recovery in economic activity due to progress in vaccinations and the lifting of the state of emergency, among other factors. However, the outlook for the economy remained uncertain due to the resurgence of infections caused by new variants and the global semiconductor shortage.」
The impact of COVID-19 has continued to materialize as renewed spread of infections caused by new variants and uncertainty about the economic outlook. The disclosure also describes the postponement of modification work in the Industrial Machinery Business and the impact of production stoppages by automakers in the automotive-related business. - FY2022-Q2MaterialisedAnnual report
「During the second quarter cumulatively, Japan's economy remained difficult due to the impact of COVID-19. Although economic activity was moving toward normalization as vaccinations progressed, the timing of the end of the COVID-19 pandemic remained unforeseeable, and uncertainty about the economic outlook continued.」
Although vaccinations have supported normalization, the timing of the end of the COVID-19 pandemic remains unforeseeable, and its impact on the economy and business operations continues. - FY2022-Q1MaterialisedAnnual report
「During the current first quarter of the fiscal year, Japan's economy remained in a difficult situation due to the effects of COVID-19. Although business sentiment showed signs of recovery as economic activity resumed with the progress of vaccinations, the spread of variants continued to make the outlook for the domestic economy and corporate earnings uncertain.」
The impact of COVID-19 has continued and is materializing as renewed spread of infections caused by variants and effects on the economy and corporate earnings. - FY2021MaterialisedAnnual report
「During the consolidated fiscal year, Japan's economy deteriorated as economic and social activity rapidly stagnated due to the impact of COVID-19. Although signs of a gradual recovery emerged in the third quarter, there were no signs that the situation was nearing an end, including a renewed increase in infections caused by variants, and uncertainty about the outlook remained.」
The impact of COVID-19 has continued to materialize as stagnation in economic and social activity, results below those of the previous year in each business, and continued uncertainty about the outlook. - FY2021-Q3MaterialisedAnnual report
「During the third quarter cumulatively, the Group's net sales exceeded the results of the same period of the previous year in the Industrial Machinery Business. Meanwhile, sales in the Cold Forging, Electrical Equipment, and Vehicle-Related Businesses fell below the levels of the same period of the previous year due to the impact of COVID-19.」
The impact of COVID-19 has continued to materialize in the Cold Forging, Electrical Equipment, and Vehicle-Related Businesses as actual results below those of the same period of the previous year. - FY2021-Q2MaterialisedAnnual report
「During the second quarter cumulatively, the Group's net sales exceeded the results of the same period of the previous year in the Industrial Machinery Business. Meanwhile, sales in the Electrical Equipment, Vehicle-Related, and Cold Forging Businesses fell below the levels of the same period of the previous year due to the impact of COVID-19.」
The impact of COVID-19 has continued to materialize in the Electrical Equipment, Vehicle-Related, and Cold Forging Businesses as actual results below those of the same period of the previous year. - FY2021-Q1MaterialisedAnnual report
「During the first quarter cumulatively, the Group's net sales exceeded the same period of the previous year in the Industrial Machinery Business because it sold a large liquid filling line that had been carried over from the previous period. Meanwhile, sales in the Electrical Equipment, Vehicle-Related, and Cold Forging Businesses fell below the levels of the same period of the previous year due to the impact of COVID-19.」
The impact of COVID-19 materialized in the Electrical Equipment, Vehicle-Related, and Cold Forging Businesses as actual results below those of the same period of the previous year. - FY2020First statedAnnual report
「Meanwhile, the global economic slowdown accompanying the spread of COVID-19, which became evident in the fourth quarter, is expected to have a greater impact on the outlook for the economy than the Lehman shock, described as a once-in-a-century event.」
The spread of COVID-19 and the global economic slowdown were first explicitly identified as risks that became evident in the fourth quarter, and the potential for a significant impact on business operations, financial position, and operating results was disclosed.