Economic, Operational and Delivery-Schedule Impact of the Spread of COVID-19
First written in FY2020. 6 of 13 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2024-Q2.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024-Q2MitigatedAnnual report
「Although the company is currently subject to limited direct impact from the spread of COVID-19 in Japan, it will continue to monitor developments.」
The company states that the direct impact on it from the spread of COVID-19 in Japan is limited. - FY2023MitigatedAnnual report
「The spread of COVID-19 is moving toward containment, and its impact on social life has also been declining, so the company expects the impact going forward to be limited. However, the risk of a resurgence due to the emergence of variants and other factors remains, and a large-scale outbreak could disrupt operations.」
While recognizing that the impact of the spread of infections is moving toward containment and declining, the company continues to identify the risk of a resurgence caused by variants and other factors, as well as the possibility of impacts on overseas locations. - FY2023-Q3MaterialisedAnnual report
「Although the company is currently subject to limited direct impact from the spread of COVID-19 in Japan, its overseas businesses may be affected by restrictions on social activity locally. In China, social life was affected by lockdowns and the spread of infections following the easing of the zero-COVID policy. The company believes that the impact on the Group’s consolidated financial statements is limited at present, but will continue to monitor developments.」
The spread of infections in China following the easing of lockdowns and the zero-COVID policy affected social life. The company states that the direct domestic impact and the impact on its consolidated financial statements are limited. - FY2023-Q2RestatedAnnual report
「Although the company is currently subject to limited direct impact from the spread of COVID-19 in Japan, its overseas businesses may be affected by restrictions on social activity locally. During the Shanghai lockdown, the Chinese subsidiary’s economic activity was restricted by limitations on social activity. The company believes that the impact on the Group’s consolidated financial statements is limited at present, but will continue to monitor developments.」
While stating that the direct domestic impact is limited, the company has reconfirmed its view that the Shanghai lockdown restricted the economic activity of the Chinese subsidiary. - FY2023-Q1MaterialisedAnnual report
「Although the company is currently subject to limited direct impact from the spread of COVID-19 in Japan, its overseas businesses may be affected by restrictions on social activity locally. During the Shanghai lockdown, the Chinese subsidiary’s economic activity was restricted by limitations on social activity. The Chinese subsidiary, NIKKO (Shanghai) Engineering Machinery Co., Ltd., suspended operations following a compulsory request from the Chinese government to halt plant operations to prevent the spread of COVID-19. The company recorded ¥23 million in fixed costs incurred during the shutdown as an extraordinary loss.」
The Shanghai lockdown restricted the economic activity of the Chinese subsidiary, resulting in an extraordinary loss of ¥23 million in fixed costs associated with the plant shutdown. - FY2022-Q3WorsenedAnnual report
「Although the company is currently subject to limited direct impact from the spread of COVID-19 in Japan, its overseas businesses may be affected by restrictions on social activity locally. In Thailand, construction and the start of operations at the plant of the Thai manufacturing subsidiary have been delayed by labor shortages and flooding caused by the spread of COVID-19. The company believes that the impact on the Group’s consolidated financial statements is limited at present, but will continue to monitor developments.」
While stating that the direct domestic impact is limited, the risk of restrictions on social activity overseas remains, and in Thailand delays caused by labor shortages and flooding have extended from construction to the start of operations. - FY2022-Q2MaterialisedAnnual report
「Although the company is currently subject to limited direct impact from COVID-19 in Japan, its overseas businesses may be affected if social activity is restricted by the spread of COVID-19 locally. In Thailand, construction of the plant operated by the Thai manufacturing subsidiary has been delayed due to labor shortages and flooding caused by the spread of COVID-19. The company believes that the impact on the Group’s consolidated financial statements is limited at present, but will continue to monitor developments.」
While stating that the direct domestic impact is limited, the company describes the risk of restrictions on social activity overseas. In Thailand, plant construction has actually been delayed by labor shortages and flooding associated with the spread of COVID-19. - FY2022-Q1Limited domestic impact, concerns over restrictions on overseas economic activityAnnual report
「Although the company is currently subject to limited direct impact from COVID-19, there are concerns that economic activity in its overseas businesses may be restricted as infections spread locally, and it will continue to monitor developments.」
While stating that the direct impact on the company is limited, concerns over restrictions on economic activity accompanying the spread of infections locally in overseas businesses remain. - FY2021MaterialisedAnnual report
「Overseas revenue declined because sales activities were significantly restricted in overseas markets excluding China. Revenue from the asphalt plant-related business in China declined only slightly because COVID-19 infections subsided there at an early stage.」
COVID-19 restricted overseas sales activities outside China, resulting in an impact from lower overseas revenue in the full-year results. - FY2021-Q3RestatedAnnual report
「The impact of the spread of COVID-19 on the company was limited, with a slight impact from lower revenue in the overseas asphalt plant-related business, and the company will continue to monitor developments.」
The company has reconfirmed its view that the spread of COVID-19 reduced revenue from the overseas asphalt plant-related business and caused a slight impact. - FY2021-Q2MaterialisedAnnual report
「The impact of the spread of COVID-19 on the company was limited, with a slight impact from lower revenue in the overseas asphalt plant-related business, and the company will continue to monitor developments.」
The spread of COVID-19 reduced revenue from the overseas asphalt plant-related business, resulting in an actual impact on the company’s performance. - FY2021-Q1MaterialisedAnnual report
「The impact of the spread of COVID-19 on the company was limited during the cumulative first quarter, although the company will continue to monitor developments. Meanwhile, exports declined and the plant in China was also closed for a certain period, resulting in a minor impact on revenue, including some delivery delays.」
Although the impact of COVID-19 was described as limited, export declines and the closure of the Chinese plant for a certain period actually caused delivery delays and affected revenue. - FY2020First statedAnnual report
「The asphalt plant-related business in China is expected to be affected by the effective shutdown of the plant for 1 month, which may affect the operating results and financial position of the Group, although no material impact has emerged at present. In addition, if employees become infected, major disruption to delivery schedules for customers may occur because the company designs each product after receiving an order and then manufactures it.」
The company has explicitly identified for the first time the risks of design and delivery delays caused by the effective 1-month shutdown of the Chinese plant and employee infections. However, it states that no material impact had emerged at that point.