Impacts of COVID-19 on Sales, Supply, Business Continuity and Finances
First written in FY2020. 3 of 9 entries say "Restated". Latest entry: FY2024-Q1.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024-Q1MitigatedAnnual report
「In Japan, the classification of COVID-19 under the Infectious Diseases Control Law was changed to Category 5, supporting the normalization of the domestic economy and signs of economic recovery.」
The reclassification of COVID-19 to Category 5 was described as contributing to the normalization of the domestic economy and a trend toward economic recovery. The business environment risks associated with infectious diseases were shown to be easing in Japan. - FY2023-Q3Restarting activities while continuing infection control measuresAnnual report
「Under these circumstances, the Group has continued activities in new formats, including the use of web conferences, while taking infection-control measures, and has gradually resumed initiatives such as exhibiting at trade shows. However, the impact of changes in domestic and overseas consumer trends, together with soaring raw material and other prices and prolonged difficulties in procuring components, has been substantial, and difficult conditions continue.」
The Company continued new forms of activity, including web conferences, and resumed exhibiting at trade shows while implementing infection prevention measures. At the same time, difficult conditions continued amid the external environment, including infectious diseases. - FY2022WorsenedAnnual report
「The impact of logistics delays and parts shortages during the COVID-19 pandemic has been further aggravated by the situation involving Russia and Ukraine. If these supply chain disruptions persist longer than expected, production and supply may be constrained, potentially reducing sales and profit.」
In addition to logistics delays and parts shortages associated with infectious diseases, higher resource prices and supply disruptions resulting from the situation in Russia and Ukraine have broadened the description of sales, supply, and business continuity risks. - FY2022-Q3WorsenedAnnual report
「During the nine-month period of the current consolidated fiscal year, moves to restart economic activity strengthened in Japan and overseas as vaccination coverage expanded. However, a new, highly infectious variant spread rapidly, particularly in Europe and the United States, while concerns about a sixth wave also grew in Japan, leaving considerable uncertainty about the outlook.」
While economic activity was restarting, the Company described the rapid spread of a new variant in Europe and the United States and growing concerns about a sixth wave in Japan. External environmental risks related to COVID-19 were presented as more severe than in the previous quarter. - FY2022-Q1RestatedAnnual report
「Regarding the spread of COVID-19, as stated in the annual securities report for the previous fiscal year, the Company continues to implement various measures, including working from home and developing and strengthening the associated network environment, refraining from large internal meetings and domestic and overseas business trips and visits, and requesting that employees refrain from participating in crowded settings, including for non-business activities. It is also working to minimize the impact on its business by providing products through all sales channels and diversifying its supply chain.」
The Company continues its response to COVID-19, including working from home, developing its network environment, refraining from business trips and visits, securing sales channels, and diversifying its supply chain. - FY2021-Q3WorsenedAnnual report
「During the nine-month period of the current consolidated fiscal year, there were no signs that the spread of COVID-19 was subsiding, and economies around the world remained stagnant. In Europe and the United States, where infections were spreading particularly rapidly, strict measures such as lockdowns were imposed again. In Japan, although various policies were advanced to restart economic activity, concerns about a third wave became more pronounced as the number of cases continued to rise each day, and there were signs of renewed calls for restraint on economic activity.」
While the business and other risks section stated that there were no material changes, the business environment section described the lack of any sign that the spread of infection was subsiding, renewed lockdowns in Europe and the United States, concerns about a third wave in Japan, and moves to restrain economic activity. External environmental risks related to COVID-19 were presented as more severe than in the previous quarter. - FY2021-Q2RestatedAnnual report
「Regarding the spread of COVID-19, as stated in the annual securities report for the previous fiscal year, the Company continues to implement various measures, including working from home and developing and strengthening the associated network environment, refraining from large internal meetings and domestic and overseas business trips and visits, and requesting that employees refrain from participating in crowded settings, including for non-business activities. It is also working to minimize the impact on its business by providing products through all sales channels and diversifying its supply chain.」
The Company continues its response to COVID-19, including working from home, developing its network environment, refraining from business trips and visits, securing sales channels, and diversifying its supply chain. - FY2021-Q1RestatedAnnual report
「Regarding the spread of COVID-19, as stated in the annual securities report for the previous fiscal year, the Company continues to implement various measures, including working from home and developing and strengthening the associated network environment, refraining from large internal meetings and domestic and overseas business trips and visits, and requesting that employees refrain from going out, including for non-business activities. It is also working to minimize the impact on its business by providing products through all sales channels and diversifying its supply chain.」
The Company continues to implement measures in response to COVID-19, including working from home, developing its network environment, refraining from business trips and visits, securing sales channels, and diversifying its supply chain. It stated that there were no material changes to its business and other risks. - FY2020First statedAnnual report
「To prevent infection, the Group has strengthened measures including working from home, staggered working hours, and refraining from business trips and visits. As contact with business partners has consequently been restricted, the impact on smooth transactions and service provision has become apparent. In addition, if employees become infected and the infection spreads within the Company, there is a risk that business continuity could be affected, including through the temporary suspension of operations.」
For COVID-19, the Company comprehensively described for the first time the restrictions on sales channels, postponement of capital investment in industrial equipment, impacts on parts procurement, production and shipments, research and development, employee infections, collection of receivables, and liquidity as separate risks. It stated that the impact on sales activities and service provision had already become apparent.