Decline in demand, production adjustments and deteriorating performance due to COVID-19
First written in FY2021-Q1. 3 of 10 entries say "Materialised", first in FY2021-Q2. Latest entry: 2026-05-13.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- 2026-05-13AdvancedResults
「In the environmental field, the Company will also focus on quickly establishing new businesses such as rental services, CO2 fixation technology and vertical solid-liquid separation equipment (LCSS).」
Identifies specific new businesses, including CO2 fixation technology and LCSS, for rapid establishment to develop new demand in the environmental and decarbonization fields. - FY2024-Q1MitigatedAnnual report
「In Japan, the legal classification of COVID-19 was also changed and economic activity moved toward normalization. However, uncertainty continued, with consumer prices trending upward and concerns remaining that a downturn in overseas economies could weigh on the domestic economy.」
The change in COVID-19's legal classification and the normalization of economic activity were noted, indicating that restrictions on economic activity due to the pandemic had eased. However, concerns about rising prices and a downturn in overseas economies remained. - FY2023-Q2RestatedAnnual report
「Production adjustments by automakers due to semiconductor shortages and lockdowns in China prevented us from securing a certain level of production, increasing the burden of fixed costs.」
Production adjustments due to lockdowns in China and semiconductor shortages continued, preventing us from securing a certain level of production and increasing the burden of fixed costs. - FY2022-Q3RestatedAnnual report
「During the nine-month period ended the third quarter (1 April 2021 to 31 December 2021), the global economy gained momentum in its recovery as COVID-19 vaccinations became widespread, particularly in developed countries. However, problems such as semiconductor shortages and soaring raw material prices had yet to be resolved, and shortages of automotive components caused by the spread of COVID-19, particularly in Southeast Asia, also continued. The outlook for the economy therefore remained uncertain.」
Although vaccine coverage and the economic recovery continued to advance, the pandemic had not yet subsided, and the effects of supply shortages and soaring material prices persisted. - FY2022-Q2WorsenedAnnual report
「Japan's economy also remained on a recovery trend, but the number of COVID-19 cases reached a record high in August, and an uncertain outlook continues.」
Although the domestic economy was on a recovery track, the number of infections in August reached a record high, heightening uncertainty about the outlook due to the pandemic. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period (1 April 2021 to 30 June 2021), the global economy saw vaccination programs for COVID-19 begin to spread, particularly in developed countries, while the economic recovery, led by China, gathered strength. However, the end of the pandemic remains out of sight, and the continued economic recovery remains uncertain because of factors including reduced automobile production caused by semiconductor shortages and soaring material prices.」
Although vaccine coverage expanded and the economy continued to recover, the end of the pandemic remains uncertain and the effects of reduced automobile production and higher material prices persist, so pandemic-related risks continue. - FY2021MaterialisedAnnual report
「As a result, consolidated revenue for the fiscal year was ¥48,753 million for the Group as a whole, down 16.4% from the previous fiscal year. Operating profit returned to positive territory for the full year, at ¥551 million, compared with the ¥503 million operating loss recorded for the nine-month period, although it was down 81.0% from the previous fiscal year. Ordinary profit was ¥1,167 million, down 64.8%, and net profit attributable to owners of the parent was ¥244 million, down 85.1%.」
The impact of lower demand, production adjustments and deteriorating performance due to the pandemic was reflected in full-year results, with revenue down 16.4% and operating profit down 81.0%. Meanwhile, operating profit turned positive for the full year. - FY2021-Q3MaterialisedAnnual report
「During the nine-month period ended the third quarter, production adjustments, including the suspension of operations at major customers accompanying the spread of COVID-19, caused production at キタガワ マテリアル テクノロジー カンパニー to fall sharply to ¥15,757 million, down 24.9% from the same quarter of the previous year, while production at キタガワ グローバル ハンド カンパニー fell sharply to ¥4,853 million, down 32.6%.」
Production adjustments, including the suspension of operations at major customers, continued, and production at the Material Technology and Global Hand companies fell 24.9% and 32.6%, respectively, year on year. - FY2021-Q2MaterialisedAnnual report
「During the six-month period ended the second quarter, production adjustments, including the suspension of operations at major customers accompanying the spread of COVID-19, caused production at キタガワ マテリアル テクノロジー カンパニー to fall sharply to ¥9,170 million, down 37.0% from the same quarter of the previous year, while production at キタガワ グローバル ハンド カンパニー fell sharply to ¥2,759 million, down 47.4%.」
Production adjustments, including the suspension of operations at major customers, continued, and production at the Material and Global Hand companies fell 37.0% and 47.4%, respectively, year on year. - FY2021-Q1First statedAnnual report
「Due to production adjustments, including the suspension of operations at major customers accompanying the spread of COVID-19, production at キタガワ マテリアル テクノロジー カンパニー fell sharply to ¥3,946 million, down 45.0% from the same quarter of the previous year, while production at キタガワ グローバル ハンド カンパニー fell sharply to ¥1,520 million, down 47.5%.」
The suspension of operations at major customers and production adjustments caused by COVID-19 occurred in practice, resulting in a substantial decline in production at the core businesses.