Risk of Operational Shutdowns and Declining Demand Due to COVID-19
First written in FY2020. 4 of 9 entries say "Materialised", first in FY2020. Latest entry: FY2023-Q2.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2023-Q2MitigatedAnnual report
「In overseas markets, sales increased in China, where conditions were moving toward normalization from lockdowns affecting production activity, and in South Korea and Taiwan, where semiconductor capital investment remained firm. Sales also increased in Europe and the United States and Southeast Asia, where recovery from the COVID-19 pandemic continued.」
Although the impact of lockdowns and other factors in China had been reported through the previous quarter, overseas sales, including in China, Europe and the United States, and Southeast Asia, increased, indicating some improvement in the business impact of COVID-19. - FY2023-Q1MaterialisedAnnual report
「In China, capital investment showed signs of stagnating, partly due to logistics disruptions caused by lockdowns.」
COVID-19-related lockdowns and logistics disruptions in China have appeared in the actual business environment as stagnation in capital investment. - FY2022RestatedAnnual report
「Although the global economy in the next fiscal year remains highly uncertain due to the prolonged spread of COVID-19 and heightened geopolitical risks, including the Russia-Ukraine issue,」
The company continues to identify the prolonged impact of COVID-19 as a source of uncertainty and a business-environment risk. - FY2022-Q2RestatedAnnual report
「In overseas markets, sales increased in China, where capital investment continued across the manufacturing sector, and in South Korea and Taiwan, where semiconductor capital investment remained firm. Sales also increased in Europe and the United States, which were recovering from the COVID-19 pandemic, and in Southeast Asia, where demand remained firm despite continuing activity restrictions.」
The company stated that overseas sales increased, including in Southeast Asia, where infections and activity restrictions continued, reaffirming a recovery from the region-by-region sales declines caused by COVID-19 that had been reported in the previous fiscal year. - FY2022-Q1MitigatedAnnual report
「In overseas markets, sales increased in China, where capital investment continued across the manufacturing sector, and in South Korea and Taiwan, where semiconductor capital investment remained firm. Sales also increased in Europe and the United States, which were recovering from the COVID-19 pandemic, and in Southeast Asia, where some activity restrictions had been eased.」
The company stated that sales in Southeast Asia increased in the first quarter of the current fiscal year against a backdrop of the partial easing of activity restrictions, after sales in the region had declined in the previous fiscal year due to the impact of COVID-19. - FY2021-Q3RestatedAnnual report
「In overseas markets, sales increased in China, where production activity across the manufacturing sector was normalizing, and in South Korea and Taiwan, where semiconductor capital investment remained firm. Meanwhile, sales in Southeast Asia declined due to the spread of COVID-19.」
The impact of COVID-19 has continued and appeared in the third quarter's results as lower sales in Southeast Asia. - FY2021-Q2MaterialisedAnnual report
「In overseas markets, sales increased in China, where production activity across the manufacturing sector was normalizing, and in South Korea and Taiwan, where semiconductor capital investment remained firm. Meanwhile, sales in Southeast Asia declined due to the spread of COVID-19.」
The impact of COVID-19 has continued and appeared in the second quarter's results as lower sales in Southeast Asia. - FY2021-Q1MaterialisedAnnual report
「In overseas markets, sales increased in China, where production activity across the manufacturing sector was normalizing, and in South Korea, where semiconductor capital investment remained firm. Meanwhile, sales in Southeast Asia declined due to the spread of COVID-19.」
The impact of COVID-19 has appeared in the current quarter's results as lower sales in Southeast Asia. - FY2020MaterialisedAnnual report
「If the infection spreads further and, in Japan or overseas, government guidance causes our factories or those of major suppliers to cease operations, the inability to conduct necessary production activities could affect the group's operating results and financial condition.」
The company described COVID-19 for the first time as a standalone business risk. Although some overseas subsidiaries were affected by lockdowns, it stated that the impact on operating results and financial condition for the fiscal year was limited.