Restrictions on activity due to the spread of COVID-19 and the simultaneous slowdown of the global economy
First written in FY2021-Q1. 5 of 11 entries say "Mitigated", first in FY2022-Q1. Latest entry: FY2023.
61 other companies' latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「During the fiscal year, the business environment surrounding the Group remained on a solid recovery trend amid a turbulent global situation, including intensifying US-China tensions, continued tension in the international security environment following Russia's invasion of Ukraine, expanding global inflation led by energy and materials prices, declining supply capacity due to global supply chain disruptions, and shifts in international capital market trends accompanying interest-rate hikes by central banks in Europe and the US.」
The view of the business environment has shifted from a simultaneous slowdown in the global economy caused by the pandemic to a solid recovery trend. However, the effects of supply chain disruptions and other factors remain. - FY2023-Q2MaterialisedAnnual report
「In China, business activity was forced to stagnate due to the lockdown in Shanghai. While domestic sales declined, exports of products and parts to group companies increased. As a result, total revenue decreased 2.1% year on year to ¥463.046 million, while the operating loss improved by ¥14.889 million year on year to ¥20.093 million, but remained a loss.」
The lockdown in Shanghai resulting from China's zero-COVID policy actually led to stagnation in business activity and a decline in domestic sales in China. - FY2023-Q1WorsenedAnnual report
「The company maintained a solid recovery trend amid a turbulent global situation, including lockdowns in major Chinese cities resulting from China's zero-COVID policy.」
Lockdowns in major Chinese cities in response to the pandemic caused business activity to stagnate, and pandemic-related risk in the China business has again become apparent. - FY2022MitigatedAnnual report
「As a result, although domestic sales remained firm, overseas sales slowed due to the spread of COVID-19, and revenue for the fiscal year fell 4.9% from the previous fiscal year to ¥21,624.456 billion.」
While noting the impact of the slowdown in overseas sales caused by the pandemic, the company reported that consolidated revenue recovered to ¥26,599.084 billion in the fiscal year as markets recovered in the post-pandemic era. - FY2022-Q3MitigatedAnnual report
「During the third quarter of the fiscal year (1 April 2021 to 31 December 2021), the business environment surrounding the Group saw economic recovery in the era of living with COVID-19 progress amid continued upheaval in socioeconomic conditions caused by the intensification of measures to address global warming and the sharpening of the US-China Cold War structure, accompanied by side effects including structural price increases for energy and steel, surging container transportation costs and supply chain disruptions. As a result, demand recovered in both domestic and overseas markets, and revenue for the third quarter increased 28.7% year on year to ¥19,793.260 billion.」
While the effects of restrictions and economic stagnation associated with the pandemic remained, economic recovery in the era of living with COVID-19 and demand recovery in domestic and overseas markets progressed, resulting in a 28.7% year-on-year increase in consolidated revenue. - FY2022-Q2MitigatedAnnual report
「During the first six months of the fiscal year under review (1 April 2021 to 30 September 2021), economic recovery in the With-COVID era advanced rapidly amid turbulent global conditions, as society underwent major changes triggered by COVID-19 and global warming. Digital transformation (DX) became fully established, global decarbonization policies (CN) accelerated along with energy and material price increases, supply chains were disrupted as economic activity resumed, and geopolitical tensions centered on the U.S.-China Cold War structure intensified further.」
The resumption of economic activity amid the pandemic and economic recovery in the era of living with COVID-19 progressed rapidly, resulting in a recovery in domestic and overseas markets and a 27.8% year-on-year increase in consolidated revenue. - FY2022-Q1MitigatedAnnual report
「As a result, consolidated net sales for the nine months ended the first quarter increased 33.4% year on year to ¥6,089.577 million, reflecting a rebound from the synchronized slowdown in the global economy.」
While the effects of the spread of COVID-19 and the simultaneous slowdown in the global economy continued, consolidated revenue increased 33.4% year on year due to economic recovery and a rebound. - FY2021RestatedAnnual report
「As a result, although domestic sales remained firm, overseas sales slowed due to the spread of COVID-19, and revenue for the fiscal year fell 4.9% from the previous fiscal year to ¥21,624.456 billion.」
The slowdown in overseas sales caused by the spread of COVID-19 also affected full-year results, with consolidated revenue declining 4.9%. - FY2021-Q3RestatedAnnual report
「During the third quarter of the fiscal year (1 April 2020 to 31 December 2020), the business environment surrounding the Group saw the new normal of behavior premised on living with COVID-19 become established, while restrictions on activity worldwide and economic stagnation associated with the spread of COVID-19 continued, and the social implementation of digital technologies progressed.」
The company has reaffirmed the continuation of restrictions on activity and economic stagnation worldwide caused by COVID-19, as well as the establishment of the new normal premised on living with COVID-19. - FY2021-Q2RestatedAnnual report
「During the second quarter of the fiscal year (1 April 2020 to 30 September 2020), the business environment surrounding the Group saw the new normal of behavior premised on living with COVID-19 become established, while restrictions on movement worldwide and economic stagnation caused by the spread of COVID-19 continued, and the social implementation of digital technologies aimed at balancing infection prevention measures with the resumption of economic activity accelerated.」
The company indicated that restrictions on movement and economic stagnation worldwide caused by COVID-19 continued, and that the new normal premised on living with COVID-19 had become established. - FY2021-Q1First statedAnnual report
「During the first quarter of the fiscal year, the business environment surrounding the Group underwent rapid changes in socioeconomic activity worldwide and a simultaneous slowdown in the global economy, amid continued restrictions on activity worldwide caused by the spread of COVID-19. As a result, revenue for the first quarter fell 14.4% year on year to ¥4,565.884 billion, reflecting the impact of the simultaneous slowdown in the global economy.」
The company identified restrictions on activity worldwide caused by the spread of COVID-19, changes in socioeconomic activity and a simultaneous slowdown in the global economy as new business-environment risks, and stated that their impact on the decline in revenue had become apparent.