Risks to overseas business operations from COVID-19 and large-scale demonstrations
First written in FY2020-Q3. 3 of 8 entries say "Materialised", first in FY2020. Latest entry: FY2026.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2026WorsenedAnnual report
「If international conflicts, terrorist incidents, political instability, large-scale demonstrations, infectious diseases or other events occur in Asia, or if expanding social disruption resulting from their effects restricts employee activities and affects economic activity through significant delays in local production or construction, this could affect the execution of the group’s strategy and adversely affect its operating results and financial condition.」
For risks to overseas operations, the company lists international conflicts, terrorism, political instability and large-scale demonstrations in addition to infectious diseases, clearly identifying the risks covered. - FY2024-Q1RestatedAnnual report
「Although signs of an economic recovery have emerged in China, growth in fixed asset investment has recently slowed. Against this backdrop, delivery dates shifted from the previous fiscal year partly because of the impact of COVID-19, and net sales amounted to ¥1,500 million, up 79.6% year on year.」
In the China business, delivery-date shifts from the previous fiscal year due to the impact of infectious disease continue to be disclosed. - FY2023-Q2MaterialisedAnnual report
「Affected by lockdowns resulting from COVID-19, net sales amounted to ¥1,873 million, down 26.4% year on year.」
The impact of China’s lockdowns on economic activity materialized as a 26.4% year-on-year decline in net sales. - FY2023-Q1MaterialisedAnnual report
「In China, economic activity was restricted in certain regions due to the resurgence of COVID-19 and other factors. This caused delivery dates to shift because of construction delays, and net sales amounted to ¥835 million, down 23.8% year on year.」
In China, restrictions on economic activity and construction delays resulting from the resurgence of infectious disease actually occurred, leading to delivery-date shifts and lower net sales. - FY2022-Q1RestatedAnnual report
「Although developments in domestic and international infections and fluctuations in the financial and capital markets need to be monitored in China, the economy is gradually recovering.」
For the China business, the company states that it will continue to monitor developments in infectious diseases and fluctuations in the financial and capital markets. It explicitly states that there have been no material changes in business or other risks. - FY2021-Q3RestatedAnnual report
「Although the impact of infection trends and volatility in the financial and capital markets requires close monitoring in China, fixed asset investment is recovering and the economy is recovering gradually.」
The company states that it will continue to monitor developments in infectious diseases and fluctuations in the financial and capital markets in relation to the China business. It explicitly states that there have been no material changes in risk. - FY2020MaterialisedAnnual report
「In addition, after considering the impact of COVID-19, the company assessed the future recoverability of certain fixed assets held by its consolidated subsidiary in China in accordance with the Accounting Standard for Impairment of Fixed Assets and recorded an impairment loss of ¥1,038 million as an extraordinary loss.」
The impact of COVID-19 materialized in the valuation of fixed assets and impairment losses in the China business. - FY2020-Q3First statedAnnual report
「China is the principal overseas market for the group. If social disruption caused by COVID-19, large-scale demonstrations or other events expands, employee activities may be restricted and local production or construction may be significantly delayed, affecting economic activity. These events may therefore adversely affect the group’s operating results and financial condition.」
With China as its principal overseas market, the company has newly identified as a risk the effects of expanding social disruption caused by COVID-19 and large-scale demonstrations on employee activities, production and construction delays, and operating results.