Impact of COVID-19 on Business Activities and Supply Chains
First written in FY2020. 6 of 17 entries say "Mitigated", first in FY2023-Q3. Latest entry: FY2025.
Aichi moved to the "Worse" side of this theme in 2025, 5 years after the typical company in this theme (2020).
The whole theme swung hardest in 2025: 5 of 16 companies on the "Worse" side.
2 other companies' latest entry also says "Reframed".
- FY2025ReframedAnnual report
「If infectious diseases or other events cause damage to our group’s production, sales and other business activities or supply chain operations, our group’s operating results and financial position could be affected. We will give the highest priority to the safety and health of employees and work to prevent infection through thorough hygiene controls and other measures.」
The company has shifted from describing the novel coronavirus infection separately to describing infectious diseases and similar events generally as part of the risks associated with natural disasters and other events. Infection prevention and the potential impact on business activities and the supply chain continue to be addressed. - FY2024MitigatedAnnual report
「Economic and social activity normalized at an accelerating pace and the economy entered a gradual recovery trend, supported by an expansion in inbound demand following the easing of measures against the novel coronavirus infection, progress in passing costs on to prices and improvements in corporate earnings due to the weaker yen.」
The company describes the easing of measures against the infection and progress toward the normalization of economic and social activity, indicating that the impact of the infection on business activities was less severe than in previous periods. - FY2024-Q3MitigatedAnnual report
「During the third quarter of the current consolidated cumulative period, economic and social activity normalized at an accelerating pace and the economy entered a gradual recovery trend, supported by an expansion in inbound demand following the easing of measures against the novel coronavirus infection, progress in passing costs on to prices and improvements in corporate earnings due to the weaker yen.」
The company states that inbound demand expanded and the normalization of economic and social activity accelerated following the easing of measures against the infection. The impact of the infection on business activities continues to be presented as less severe. - FY2024-Q2MitigatedAnnual report
「During the second quarter of the current consolidated cumulative period, Japan’s economy entered a gradual recovery trend as economic and social activity moved toward normalization, supported by the lifting of activity restrictions following the classification of the novel coronavirus infection as a Category V infectious disease, a recovery in inbound demand and the easing of supply constraints on parts in the supply chain.」
The company describes the lifting of activity restrictions following the reclassification of the novel coronavirus infection as a Category V infectious disease and the progress toward normalization of economic and social activity, indicating that the impact of the infection on business activities was less severe than in previous periods. - FY2024-Q1MitigatedAnnual report
「Following the easing of activity restrictions related to the novel coronavirus infection, economic and social activity gradually moved toward normalization, and signs of a gradual economic recovery began to emerge.」
The company describes the easing of activity restrictions related to the novel coronavirus infection and the movement toward normalization of economic and social activity, indicating that the impact of the infection on business activities was less severe than in previous periods. - FY2023MitigatedAnnual report
「Although various restrictions related to the novel coronavirus infection were gradually eased and some signs of recovery emerged as economic activity moved toward normalization,」
The company describes the easing of restrictions related to the infection and a recovery toward the normalization of economic activity, indicating that the impact of the infection on business activities was less severe than in previous periods. Infection-prevention measures, however, continue. - FY2023-Q3MitigatedAnnual report
「As various restrictions related to the novel coronavirus infection, including limits on the number of entrants to Japan, were eased, signs of a gradual economic recovery emerged as economic activity moved toward normalization.」
The company describes the easing of various restrictions related to the novel coronavirus infection and an economic recovery toward the normalization of economic activity, indicating that the impact of the infection on business activities was less severe than in previous periods. However, concerns on the supply side, including shortages of parts and semiconductors, continue. - FY2023-Q2WorsenedAnnual report
「During the second quarter of the current consolidated cumulative period, the Japanese economy continued to experience a pronounced negative impact due to factors including the arrival of the seventh wave following the sixth wave of the novel coronavirus infection, with the number of infections reaching a record high, and the impact of China’s zero-COVID policy.」
The company describes the arrival of the seventh wave following the sixth wave of the novel coronavirus infection, the record-high number of infections and the impact of China’s zero-COVID policy, specifying their negative effects on the economy. - FY2022RestatedAnnual report
「To prevent the spread of the novel coronavirus infection, our group has implemented thorough hygiene controls and efficient business operations, including staggered working hours and telework. However, if the infection spreads, damage to our group’s production, sales and other business activities and to supply chain operations could affect our group’s operating results and financial position.」
The company continues to identify the potential impact on production, sales and the supply chain as a risk while implementing infection-control measures. - FY2022-Q3WorsenedAnnual report
「Looking ahead, in addition to the above, uncertainty has persisted in domestic and overseas economies due to factors including US-China tensions, shifts in monetary policy in various countries and the resurgence of the novel coronavirus infection, referred to as the sixth wave.」
The company specifically identifies the resurgence of the novel coronavirus infection, referred to as the sixth wave, as a source of future uncertainty. - FY2022-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period, the Japanese economy entered a gradual recovery trend, supported by higher exports amid a recovery in overseas economies, particularly in Europe and the United States, as well as improvements in employment conditions and capital investment. Looking ahead, recovery in economic activity geared toward living with COVID-19 is expected as vaccination rates rise, but uncertainty has persisted due to supply shortages of semiconductors, higher costs resulting from rising crude oil and raw material prices, and factory production cuts or stoppages caused by disruptions to parts supplies from Southeast Asia.」
The company states that, while a recovery in economic activity is expected, uncertainty surrounding the novel coronavirus infection and supply constraints and higher costs amid the pandemic continue. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, the Japanese economy remained in difficult conditions, as there was still no clear prospect of containing the novel coronavirus infection, which had continued since the previous year. In this environment, our group worked across the company to reduce costs and improve operational efficiency while taking care to prevent infection among customers, business partners and employees.」
The company continues to describe the lack of a clear prospect for containing the novel coronavirus infection and business operations conducted with attention to infection prevention. - FY2021RestatedAnnual report
「To prevent the spread of the novel coronavirus infection, our group has implemented thorough hygiene controls and efficient business operations, including staggered working hours and telework. However, if the infection spreads, damage to our group’s production, sales and other business activities and to supply chain operations could affect our group’s operating results and financial position.」
The company continues to identify the potential impact on production, sales and the supply chain as a risk while implementing infection-control measures. - FY2021-Q3RestatedAnnual report
「The Group continued its business activities while taking steps to prevent infections among customers, stakeholders and employees, and worked company-wide to reduce costs and improve operational efficiency.」
The company has reconfirmed that it is conducting business while taking measures to prevent infection among customers, business partners and employees amid the spread of an infectious disease. - FY2021-Q2MaterialisedAnnual report
「During the second quarter of the current consolidated cumulative period, the Japanese economy deteriorated significantly due to the impact of the US-China trade friction and the spread of the novel coronavirus infection. Looking ahead, a gradual recovery is expected as economic activity normalizes, but uncertainty has persisted amid continued concern over a resurgence of infections.」
The company describes the economic deterioration caused by the spread of the novel coronavirus infection and notes that, while a recovery in economic activity is expected, concern over a resurgence of infections continues. - FY2021-Q1MaterialisedAnnual report
「During the first quarter of the current consolidated cumulative period, the Japanese economy deteriorated significantly due to the spread of the novel coronavirus infection. Corporate earnings also deteriorated, particularly in the manufacturing sector, as production cuts resulted from the postponement and downsizing of capital investment amid anticipated declines in earnings.」
The deterioration of the economy caused by the spread of the novel coronavirus infection and the postponement and downsizing of capital investment actually occurred, appearing as declines in sales of special-purpose vehicles and consolidated operating results. The company also states that there were no material changes in the business and other risks from the previous fiscal year. - FY2020First statedAnnual report
「To prevent the spread of the novel coronavirus infection that occurred toward the end of the fiscal period, our group has implemented thorough hygiene controls and efficient business operations, including staggered working hours and telework. However, if the infection spreads, damage to our group’s production, sales and other business activities and to supply chain operations could affect our group’s operating results and financial position.」
Following the outbreak and spread of an infectious disease toward the end of the fiscal period, the company implemented hygiene controls, staggered working hours and telework, while identifying the potential impact on production, sales and the supply chain as a new risk.