Impact of the Novel Coronavirus Disease on Capital Investment and Business Activities
First written in FY2020. 5 of 16 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2024.
Kawata Mfg. moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2025: 5 of 15 companies on the "Worse" side.
14 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「Japan’s economy also remained on a recovery trend as economic activity moved towards normalisation following the change in May in the classification of COVID-19 to a Category V infectious disease. However, capital investment remained weak due to persistently high resource prices and concerns over a slowdown in overseas economies.」
Economic activity moved towards normalisation following the change in the classification of COVID-19, easing direct restrictions related to the disease. However, weakness in capital investment continued. - FY2024-Q3Economic normalisation, but continued downward pressure on capital investmentAnnual report
「During the first nine months of the current fiscal year, economic normalization from the COVID-19 pandemic progressed, but uncertainty about the outlook intensified against a backdrop of the prolonged situation in Ukraine, persistently high resource prices, high inflation and prolonged monetary tightening.」
While economic activity is moving towards normalisation following the COVID-19 pandemic, uncertainty continues due to geopolitical conditions, resource prices, high inflation and monetary tightening. The focus has shifted from direct restrictions caused by COVID-19 to uncertainty over capital investment and overseas economies. - FY2024-Q2Economic normalisation, but continued uncertainty over capital investmentAnnual report
「During the first six months of the current fiscal year, the global economy remained unstable against a backdrop of prolonged conditions in Ukraine, persistently high resource prices and prolonged monetary tightening, even as economic normalization from the COVID-19 pandemic progressed.」
While economic activity is moving towards normalisation following the COVID-19 pandemic, instability caused by geopolitical conditions, resource prices and monetary tightening continues. - FY2024-Q1Economic normalisation, but a slow recovery in capital investmentAnnual report
「Japan’s economy is also moving toward normalisation of economic activity under the policy of living with COVID-19. However, capital investment in the manufacturing sector is not expected to recover rapidly due to surging resource prices and prolonged shortages of electrical components and other items.」
While economic activity is moving towards normalisation under the policy of living with COVID-19, the Group stated that a rapid recovery in capital investment is not expected due to surging resource prices and prolonged shortages of electrical components and other items. - FY2023MaterialisedAnnual report
「The company recorded ¥101 million and other COVID-19-related losses at a Chinese subsidiary as extraordinary losses」
The impact of the shutdown associated with China’s zero-COVID policy and the Shanghai lockdown became apparent over the full fiscal year in the form of ¥101 million in COVID-19-related losses, lower sales in East Asia, and a decline in operating profit. - FY2023-Q2MaterialisedAnnual report
「In addition to the prolonged shortage of parts amid continuing supply chain disruptions associated with China’s zero-COVID policy, the temporary shutdown of a factory at a Chinese subsidiary due to the Shanghai lockdown resulted in sales of ¥7,843 million, down ¥606 million, or 7.2%, year on year.」
China’s zero-COVID policy, supply chain disruptions, the prolonged shortage of parts, and the shutdown of the Shanghai subsidiary materialised as a 7.2% decline in consolidated sales and lower sales and losses in East Asia. - FY2023-Q1MaterialisedAnnual report
「In East Asia, orders related to lithium-ion batteries for electric vehicles (EVs) and lenses for smartphones and VR devices remained firm. However, in addition to longer lead times for molding machines and peripheral equipment due to semiconductor shortages and other factors, logistics disruptions and lower factory utilization from the latter half of the first quarter, resulting from China's zero-COVID policy, caused sales to fall to ¥979 million, down ¥409 million, or 29.5%, year on year.」
The effects of China’s zero-COVID policy, logistics disruptions and lower operating rates associated with COVID-19 materialised as a 29.5% decline in sales in East Asia. - FY2022MaterialisedAnnual report
「Due to the impact of the lockdown in Shanghai, China, 川田機械製造(上海)有限公司, a subsidiary, suspended its activities for a certain period. Following the lifting of the lockdown, it has now resumed operations.」
Business suspensions caused by COVID-19 and restrictions on activity actually occurred at the Shanghai subsidiary. Operations resumed after the restrictions were lifted. - FY2022-Q3Recovery trend coexisting with uncertainty caused by the Omicron variantAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the global economy was generally on a recovery trend as restrictions on activity were eased with the progress of vaccinations, although waves of COVID-19 infections occurred in different countries and regions.」
The business environment affected by COVID-19 was generally on a recovery trend due to vaccinations and the easing of restrictions on activity, while the latter part of the period also saw a rapid spread of the Omicron variant and increased uncertainty about the outlook. - FY2022-Q2WorsenedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, the global economy became increasingly polarised between advanced countries, where economic recovery progressed as restrictions on activity were eased with the spread of vaccinations, and emerging economies, where recovery was delayed by slower vaccination rollouts and strained healthcare systems, while COVID-19 infections continued to spread.」
While recovery progressed in advanced countries, it was delayed in emerging economies due to slower vaccination rollouts and strained healthcare systems, resulting in a growing regional divergence in the impact of COVID-19 on the business environment. - FY2022-Q1WorsenedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, the global economy remained unpredictable. Although signs of economic recovery were seen in some advanced countries where COVID-19 vaccinations progressed relatively quickly, infections accelerated, particularly in Southeast Asia.」
While some advanced countries and China showed signs of recovery, infections accelerated, particularly in Southeast Asia, and uncertainty in the business environment due to COVID-19 continued. - FY2021WorsenedAnnual report
「The global economy deteriorated sharply during the fiscal year due to the worldwide spread of COVID-19. Although some advanced countries showed signs of gradually resuming economic activity, the situation remains difficult amid renewed outbreaks in countries around the world.」
The delayed containment of COVID-19 and recovery in capital investment continued to result in a 24.6% year-on-year decline in full-year orders, a 20.8% decline in sales, and losses in each overseas segment. - FY2021-Q3WorsenedAnnual report
「During the first nine months of the current fiscal year, the global economy deteriorated sharply owing to the worldwide spread of COVID-19. Although some developed countries showed signs of gradually reopening their economies, conditions remained difficult as infections resurged in various countries.」
Infection rates have risen again in countries around the world, and the recovery in economic activity and capital investment has remained weak. Declines in orders, sales and profit, as well as losses in various regions, have continued. - FY2021-Q2WorsenedAnnual report
「At the end of the previous consolidated fiscal year, the Group expected a certain recovery in orders and sales in the second half of the current fiscal year as economic activity resumed. However, containing COVID-19 has taken longer than initially expected, while manufacturers of plastic moulding-related products have become more cautious about capital investment, resulting in a gradual recovery in investment appetite.」
The containment of COVID-19 and recovery in investment appetite have been slower than the recovery in orders and sales anticipated at the end of the previous fiscal year, and the impact has expanded and persisted. - FY2021-Q1MaterialisedAnnual report
「The global economy suffered a sharp downturn as economic activity was restricted in countries around the world due to the global spread of COVID-19, in addition to the prolonged US-China trade dispute. Japan’s economy also faces heightened uncertainty, as the slowdown in domestic and overseas economies resulting from the spread of COVID-19 has led to the postponement or reduction in the scale of capital investment.」
The impact of COVID-19 on capital investment and business activities recognised in the previous fiscal year materialised as restrictions on economic activity, declines in orders and sales, and losses in East and Southeast Asia. - FY2020First statedAnnual report
「The Group recognises that the impact of COVID-19, through the decline in capital investment, will also indirectly affect its business environment. However, it expects a certain degree of recovery in the second half of FY2020 as economic activity resumes, and believes that there will be no significant direct impact on business activities, as no Group site is currently shut down.」
While recognising the decline in capital investment caused by the spread of COVID-19 as a new risk, the Group describes measures including reporting information from each site, staggered working hours, working from home, mask distribution, and web conferences.