Komori
Ntn (6472) · RiskMitigated

Declining Demand, Suspension of Operations and Deterioration in Performance Due to the Spread of COVID-19

First written in FY2021-Q1. 4 of 8 entries say "Mitigated", first in FY2022-Q1. Latest entry: FY2022.

8entries
3years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseMaterialisedFY2021-Q2 – FY2021MitigatedFY2022-Q1 – FY20222020: 220202021: 420212022: 22022
Same theme, other companies
Decline in Production, Order Intake and Sales Performance Due to COVID-19A theme 19 companies write about · 17 as a headwind · 2 as a tailwind

The whole theme swung hardest in 2024: 3 of 9 companies on the "Worse" side.

4 other companies' latest entry also says "Mitigated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 19 companies compared. The sentences above are computed from all 19.
Full recordFilings, disclosures and news, newest first
  1. FY2022MitigatedAnnual report

    「Revenue for the fiscal year increased substantially from the previous consolidated fiscal year, which was extremely difficult, to ¥642,023 million, up 14.1% from the previous consolidated fiscal year.」

    Consolidated revenue recovered from the previous fiscal year, when the impact of COVID-19 was substantial, and operating income also returned to profitability. Meanwhile, the effects of the renewed spread of infection and supply chain disruptions continue.
  2. FY2022-Q3MitigatedAnnual report

    「Revenue increased from the same period of the previous year, when customer operating suspensions occurred one after another due to the spread of COVID-19, to ¥293,675 million, up 12.5% year on year.」

    Revenue from the automotive market recovered from the same period of the previous year, when customer operating suspensions occurred due to the spread of COVID-19. However, difficult conditions caused by the renewed spread of infectious diseases and other factors continue in some regions and among some customers.
  3. FY2022-Q2MitigatedAnnual report

    「Revenue for the six-month period ended 30 September increased substantially from the same period of the previous year, which was extremely difficult, to ¥305,796 million, up 27.8% year on year.」

    Revenue recovered substantially from the same period of the previous year, when the impact of the spread of COVID-19 was substantial, and consolidated operating income also returned to profitability. However, difficult conditions caused by the renewed spread of infectious diseases and other factors continue in some regions and among some customers.
  4. FY2022-Q1MitigatedAnnual report

    「Revenue for the three months ended 30 June rose sharply from the extremely difficult conditions of the same period of the previous year to ¥156,623 million, up 70.4% year on year. Operating income was ¥1,654 million, compared with an operating loss of ¥9,715 million in the same period of the previous year; ordinary income was ¥2,554 million, compared with an ordinary loss of ¥9,799 million; and net income attributable to owners of the parent was ¥1,184 million, compared with a net loss attributable to owners of the parent of ¥12,126 million.」

    Revenue recovered from the same period of the previous year, when the impact of the spread of COVID-19 was substantial, and earnings also returned to profitability. However, severe effects on regions and customers from infectious diseases and the semiconductor shortage continue.
  5. FY2021MaterialisedAnnual report

    「Revenue for the fiscal year was ¥562,847 million, down substantially by 13.7% from the previous consolidated fiscal year, amid severe economic conditions caused by the spread of COVID-19.」

    The impact of COVID-19 materialized over the full year as a decline in revenue, an operating loss of ¥3,138 million and an abnormal operating-capacity loss of ¥3,343 million.
  6. FY2021-Q3MaterialisedAnnual report

    「Revenue for the nine-month period ended 31 December declined substantially to ¥399,552 million, down 19.3% year on year, amid severe economic conditions caused by the spread of COVID-19. The operating loss was ¥8,791 million, compared with operating income of ¥5,284 million in the same period of the previous year; the ordinary loss was ¥10,901 million, compared with ordinary income of ¥966 million; and the quarterly net loss attributable to owners of the parent was ¥13,284 million, compared with a quarterly net loss of ¥1,128 million.」

    The impact of the spread of COVID-19 also materialized through the cumulative third quarter as a substantial decline in revenue, an operating loss, an ordinary loss and a quarterly net loss attributable to owners of the parent. In addition, the company recorded ¥4,784 million in grant income and an abnormal operating-capacity loss of ¥3,331 million.
  7. FY2021-Q2MaterialisedAnnual report

    「Revenue for the six months ended 30 September fell sharply to ¥239,221 million, down 28.5% year on year, amid severe economic conditions caused by the spread of COVID-19. Operating loss was ¥12,323 million, compared with operating income of ¥4,684 million in the same period of the previous year; ordinary loss was ¥13,426 million, compared with ordinary income of ¥2,833 million; and net loss attributable to owners of the parent was ¥14,413 million, compared with net income attributable to owners of the parent of ¥1,134 million.」

    The impact of the spread of COVID-19 has also materialized through the cumulative second quarter as a substantial decline in revenue, an operating loss, an ordinary loss and a quarterly net loss attributable to owners of the parent.
  8. FY2021-Q1First statedAnnual report

    「Revenue for the three months ended 30 June fell sharply to ¥91,929 million, down 46.5% year on year, amid severe economic conditions caused by the spread of COVID-19. Operating loss was ¥9,715 million, compared with operating income of ¥3,128 million in the same period of the previous year; ordinary loss was ¥9,799 million, compared with ordinary income of ¥2,603 million; and net loss attributable to owners of the parent was ¥12,126 million, compared with net income attributable to owners of the parent of ¥2,396 million.」

    The severe economic conditions caused by the spread of COVID-19 have materialized as a substantial decline in revenue, an operating loss, an ordinary loss and a quarterly net loss attributable to owners of the parent.
Moved together

"High Dependence on the Automotive Industry and Demand Volatility" moved the same way as this thread, in the same document, in 7 of its 8 moves.

764422★123456
  1. ★This thread
  2. 1High Dependence on the Automotive Industry and Demand Volatility7×
  3. 2Strengthening Earnings Management and Improving Asset Efficiency6×
  4. 3Expansion of the Aftermarket Business and World No. 1 Customer Satisfaction4×
  5. 4Ongoing competition law matters and litigation concerning bearing transactions4×
  6. 5Stable, sustained shareholder returns while securing research and development and capital investment2×
  7. 6Economic Slowdown and Economic Uncertainty in Europe, China and Emerging Markets2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Ntn's next results are scheduled for 2026-10-30. Read the earnings preview
News
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