Risk of Business Suspension and Impact on Business Performance from COVID-19
First written in FY2020. 5 of 12 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2025.
Nichidai moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2025: 5 of 18 companies on the "Worse" side.
15 other companies' latest entry also says "Dropped".
- FY2025DroppedAnnual reportThe disclosures on business risks and the operating environment for the current year contain no reference to COVID-19 as a standalone risk of business suspension or impact on performance.
- FY2023MitigatedAnnual report
「Although the COVID-19 pandemic has begun to ease, the destabilization of the international situation, including the situation in Ukraine, and the effects of soaring raw-material and resource prices have become pronounced, and the global economy remains uncertain.」
The Company indicated that COVID-19 appeared to be stabilizing, and the risk of business suspension caused by the infectious disease has been partially mitigated from before. Meanwhile, other external-environment risks, including shortages and soaring prices, remain. - FY2023-Q3WorsenedAnnual report
「During the nine-month consolidated cumulative period, in the Japanese automotive industry, which is a major customer industry for our Group, signs of recovery were seen as automobile sales increased year on year in each region. However, the impact of parts supply shortages continued, and sales in China weakened due in part to the spread of COVID-19, leaving the industry short of a full-scale recovery.」
Sales in China have weakened due in part to the spread of COVID-19, while the impact of parts shortages continues. Although signs of recovery are emerging, the impact of the infectious disease on the automotive industry remains a factor impeding a full recovery. - FY2023-Q2MitigatedAnnual report
「Although restrictions associated with the spread of COVID-19 are being eased, higher raw material prices resulting from the situation in Ukraine and other factors, as well as foreign exchange fluctuations, are having an impact, and the outlook for the global economy remains uncertain.」
Restrictions associated with the spread of COVID-19 are reportedly being eased, partially mitigating the risk of business suspension caused by the infectious disease. Meanwhile, higher raw material prices and foreign exchange fluctuations are having an impact, and uncertainty over the global economy continues. - FY2023-Q1MaterialisedAnnual report
「In the Japanese automotive industry, which is a major customer industry for our Group, automobile sales worldwide remained sluggish due to parts supply shortages, including those caused by China's lockdowns associated with the spread of COVID-19, affecting the production volumes of Japanese automakers.」
The impact of the spread of COVID-19 has materialized as parts shortages caused by lockdowns in China, weak automobile sales and an impact on production volumes at Japanese automakers. - FY2022WorsenedAnnual report
「The COVID-19 pandemic, which spread around the world, has become prolonged, including as a result of the emergence of new variants, and the timing of its containment remains unforeseeable.」
The infectious disease risk continues, accompanied by the emergence of new variants, prolonged duration and uncertainty over when the situation will be brought under control. - FY2022-Q2MaterialisedAnnual report
「Regarding the impact of the spread of COVID-19 on the business, production has stagnated due to parts supply problems in the ASEAN region and the impact of semiconductor shortages. In addition, the outlook remains uncertain because there is no clear prospect of the pandemic being brought under control.」
The impact of COVID-19 has materialized as parts supply problems and production disruptions in the ASEAN region. The semiconductor shortage has compounded the issue, and the disclosures indicate that the impact is continuing and the outlook remains uncertain. - FY2022-Q1RestatedAnnual report
「The business impact of the spread of COVID-19 remains difficult to predict, and we will continue to monitor the situation closely.」
The Company reaffirmed its view that the business impact of COVID-19 remains difficult to predict and indicated that it will continue to monitor the situation closely. - FY2021-Q3MaterialisedAnnual report
「Under these conditions, revenue in both the die and precision-forged product divisions of the net-shape business declined year on year. Although revenue from turbocharger components in the assembly business showed a recovery trend from the second quarter, revenue remained at a low level.」
Amid the impact of COVID-19, revenue in the net-shape and assembly businesses remained low, declining 38.3% year on year in the net-shape business and 39.8% in the assembly business. The disclosures also mention a renewed spread of infections and lockdowns in Europe, indicating that the impact continues to appear in actual results. - FY2021-Q2MaterialisedAnnual report
「In the Assembly business, sales of turbocharger components remained sluggish, following the first quarter, due to the stagnation in the automotive industry caused by the spread of COVID-19. As a result, sales in the Assembly business were ¥1.63 billion, down 40.9% year on year.」
The impact of the slowdown in the automotive industry caused by COVID-19 has materialized in the continued weakness in turbocharger components following the first quarter and a 40.9% year-on-year decline in revenue. - FY2021-Q1MaterialisedAnnual report
「Against this backdrop, in the Net Shape business, sales in both the Die and Precision Forged Products segments fell sharply as operations in the automotive industry stagnated both domestically and overseas. As a result, Net Shape business sales were ¥1,164 million, down 44.4% year on year.」
The slowdown in operations across the automotive industry resulting from the spread of COVID-19 has materialized as a substantial decline in revenue from the domestic and overseas net-shape businesses. - FY2020First statedAnnual report
「COVID-19, which became apparent in January, is spreading globally and may affect the operating results and financial position of the Group, although it is difficult to make a reasonable forecast as of the filing date.」
The global spread of COVID-19 is explicitly identified as a new risk that could affect the Group's operating results and financial position.