Risk of operational disruption, supply chain disruption, and declining demand due to COVID-19
First written in FY2020. 6 of 17 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2025.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2025DroppedAnnual reportThe standalone risks previously described, including suspension of operations, supply chain disruptions and reductions in customer activity resulting from COVID-19, are not expressly identified in the risks related to the business in this securities report.
- FY2024SoftenedAnnual report
「Regarding the re-expansion of COVID-19 infections, the Company has implemented measures such as thorough hygiene management and staggered working hours to prevent employees from becoming infected. However, if infections spread, the Company's operating results, financial condition and other matters may be affected by a temporary suspension of operations due to employee infections, disruptions in the supply chain, and declines in sales resulting from the reduction or suspension of customers' business activities.」
Regarding COVID-19, the description has shifted from actual restrictions on business activities and other measures to a conditional risk disclosure indicating that impacts may arise if infections re-expand. - FY2024-Q3WorsenedAnnual report
「COVID-19 is showing signs of spreading again, and a further spread could result in production adjustments and restrictions on sales activities. It is difficult to predict the course of COVID-19, and its spread could have a material impact on our business performance.」
The wording has changed from the previous quarter's reference to "signs of a re-expansion of infections" to state that infections are showing signs of re-expansion, again describing the possibility of production adjustments and restrictions on business activities. - FY2024-Q2RestatedAnnual report
「There have been no material changes in the factors materially affecting the Company's operating results from those described in the securities report for the previous fiscal year. However, there are signs of a re-expansion of COVID-19 infections, and business activities may be restricted. It is difficult to predict when COVID-19 will be brought under control, and the spread of infections may materially affect the Company's operating results.」
The company describes signs of a re-expansion of COVID-19 infections and the possibility that business activities may be restricted if infections re-expand, reconfirming the same conditional risk description as in the previous quarter. - FY2024-Q1RestatedAnnual report
「There have been no material changes in the factors materially affecting the Company's operating results from those described in the securities report for the previous fiscal year. However, there are signs of a re-expansion of COVID-19 infections, and business activities may be restricted. It is difficult to predict when COVID-19 will be brought under control, and the spread of infections may materially affect the Company's operating results.」
The company describes signs of a re-expansion of COVID-19 infections and the possibility that business activities may be restricted if infections re-expand, reconfirming the conditional risk description used in the previous quarter. - FY2023-Q3WorsenedAnnual report
「COVID-19 is showing signs of spreading again, and a further spread could result in production adjustments and restrictions on sales activities. It is difficult to predict the course of COVID-19, and its spread could have a material impact on our business performance.」
The description has changed from the previous quarter's view that the infectious disease was moving toward containment to state that infections are showing signs of re-expansion, again indicating the possibility of production adjustments and restrictions on business activities. - FY2023-Q2SoftenedAnnual report
「Although COVID-19 is moving toward containment, a renewed spread could result in production adjustments and restrictions on sales activities. It is difficult to predict the course of COVID-19, and its spread could have a material impact on our business performance.」
The company indicates that the infectious disease is moving toward containment and continues to describe the risk conditionally, stating that production adjustments or restrictions on business activities may occur if infections re-expand, rather than stating that business activities are currently restricted. - FY2023-Q1SoftenedAnnual report
「There have been no material changes in the factors affecting our business performance from those described in the annual securities report for the previous fiscal year. However, COVID-19 has begun spreading again, which could restrict sales activities. It is difficult to predict when COVID-19 will be brought under control, and its spread could have a material impact on our business performance.」
While disclosing the renewed spread of COVID-19, the company changed from stating that restrictions on sales activities were occurring to a conditional risk statement that sales activities could be restricted. - FY2022MaterialisedAnnual report
「Although the situation remained difficult because sales activities, including visits to customers, could not be conducted sufficiently due to measures to prevent COVID-19 infections, signs of improvement were seen in domestic and overseas order trends.」
The company stated that refraining from sales visits and insufficient sales activity due to COVID-19 continued to occur throughout the fiscal year. At the same time, domestic and overseas order trends showed signs of improvement. - FY2022-Q3WorsenedAnnual report
「COVID-19 is showing signs of spreading again, and a further spread could result in production adjustments and restrictions on sales activities. It is difficult to predict the course of COVID-19, and its spread could have a material impact on our business performance.」
The disclosure changed from the previous quarter's view that COVID-19 was moving toward containment to a statement that the infection was showing signs of spreading again, reiterating the risks of production adjustments and restrictions on sales activities in the event of renewed spread. - FY2022-Q2SoftenedAnnual report
「Although COVID-19 is moving toward containment, a renewed spread could result in production adjustments and restrictions on sales activities. It is difficult to predict the course of COVID-19, and its spread could have a material impact on our business performance.」
The company stated that COVID-19 was moving toward containment, changing from descriptions of actual restrictions on sales activities and other effects to a conditional risk disclosure that a renewed spread could result in production adjustments and restrictions on sales activities. - FY2022-Q1MaterialisedAnnual report
「There have been no material changes in the factors affecting our business performance from those described in the annual securities report for the previous fiscal year. However, the spread of COVID-19 has continued, restricting our sales activities. It is difficult to predict when COVID-19 will be brought under control, and its spread could have a material impact on our business performance.」
The spread of COVID-19 continued and sales activities remained restricted during the first quarter. The timing of containment remains difficult to predict, and the possibility of a material impact on business performance continues to be disclosed. - FY2021MaterialisedAnnual report
「In response to customers adjusting production due to the spread of COVID-19, we have adjusted operations at our main factory, resulting in lower product sales. It is difficult to predict when COVID-19 will be brought under control, and its spread could have a material impact on our business performance.」
The impact of COVID-19 continued to emerge for the full year in the form of customer production adjustments, operating adjustments at the main factory and lower product sales. - FY2021-Q3MaterialisedAnnual report
「There have been no material changes in the factors affecting our business performance from those described in the annual securities report for the previous fiscal year. However, in response to customers adjusting production due to the spread of COVID-19, we have adjusted operations at our main factory, resulting in lower product sales. It is difficult to predict when COVID-19 will be brought under control, and its spread could have a material impact on our business performance.」
The impact of COVID-19 continued to emerge in the third quarter in the form of customer production adjustments, operating adjustments at the main factory and lower product sales. - FY2021-Q2MaterialisedAnnual report
「There have been no material changes in the factors affecting our business performance from those described in the annual securities report for the previous fiscal year. However, in response to customers adjusting production due to the spread of COVID-19, we have adjusted operations at our main factory, resulting in lower product sales. It is difficult to predict when COVID-19 will be brought under control, and its spread could have a material impact on our business performance.」
The impact of COVID-19 continued to emerge in the second quarter in the form of customer production adjustments, operating adjustments at the main factory and lower product sales. - FY2021-Q1MaterialisedAnnual report
「In response to customers adjusting production due to the spread of COVID-19, we have adjusted operations at our main factory, resulting in lower product sales. It is difficult to predict when COVID-19 will be brought under control, and its spread could have a material impact on our business performance.」
The company stated that the impact of COVID-19 had actually emerged in the form of customer production adjustments, operating adjustments at the main factory and lower product sales. - FY2020First statedAnnual report
「To prevent employees from becoming infected amid the spread of COVID-19, we have implemented measures including strict hygiene management and staggered working hours. However, if the infection spreads, our business performance and financial condition could be affected by temporary operational shutdowns due to employee infections, supply-chain disruptions, and a decline in revenue resulting from customers scaling back or suspending their business activities.」
The company separately disclosed for the first time the risks of operational shutdowns due to employee infections, supply-chain disruptions and lower revenue resulting from customers scaling back or suspending their activities, and also described measures such as hygiene management and staggered working hours.