Global Stagnation in Production and Sales Activities Due to the COVID-19 Pandemic
First written in FY2021-Q1. 9 of 14 entries say "Mitigated", first in FY2021-Q3. Latest entry: FY2024.
The whole theme swung hardest in 2024: 3 of 9 companies on the "Worse" side.
3 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「In Japan, the alignment of public-health measures and economic activity progressed further, including the reclassification of COVID-19 as a Class 5 disease, and the economy entered a gradual recovery trend against a backdrop of growing inbound demand.」
Changes to the legal classification of the infectious disease and the normalization of economic activity reduced the direct risk of stagnation in production and sales caused by the infectious disease compared with the previous fiscal year. - FY2024-Q3MitigatedAnnual report
「In Japan, the alignment of public-health measures and economic activity progressed further, including the reclassification of COVID-19 as a Class 5 disease, and the economy entered a gradual recovery trend centered on personal consumption.」
The legal classification of COVID-19 was changed and economic activity normalized, reducing the direct risk of economic and production stagnation caused by the infectious disease compared with the previous fiscal year. quantified false, materialized false. - FY2024-Q1MitigatedAnnual report
「Regarding the domestic economic environment surrounding the Group during the first quarter cumulative period, progress in balancing COVID-19 containment with economic activity advanced further, including the reclassification of COVID-19 to Category V under Japan's legal framework, and the economy entered a gradual recovery trend centred on personal consumption.」
COVID-19 was reclassified as a Class 5 disease, enabling further alignment of public-health measures and economic activity. The direct risk of stagnation in production activity eased compared with the previous fiscal year. - FY2023-Q3MitigatedAnnual report
「Although the automotive industry to which our Group belongs is showing signs of recovery from the production-cut trend through the second quarter caused by supply-chain disruptions, including the global semiconductor shortages carried over from the previous fiscal year, and the Shanghai lockdown under China's zero-COVID policy, the overall situation remains difficult, with production adjustments still occurring sporadically at sites around the world.」
A recovery trend was observed from the production-cut trend through the second quarter caused by the Shanghai lockdown and other factors, but production adjustments continued to occur sporadically at sites around the world, and difficult conditions persist. - FY2023-Q2WorsenedAnnual report
「In the automotive industry to which our Group belongs, the trend of production cuts by automobile manufacturers overall continued due to production adjustments and shutdowns associated with the Shanghai lockdown under China's zero-COVID policy, in addition to supply-chain disruptions, including the global semiconductor shortages carried over from the previous fiscal year.」
The impact related to the infectious disease continued in the form of production adjustments and shutdowns caused by the Shanghai lockdown, and the overall trend of production cuts by automobile manufacturers continued. - FY2023-Q1WorsenedAnnual report
「In the automotive industry to which our Group belongs, the trend of production cuts by automobile manufacturers overall continued due to production adjustments and shutdowns resulting from supply-chain disruptions, including the global semiconductor shortages carried over from the previous fiscal year, as well as new factors such as lockdowns in Shanghai under China's zero-COVID policy.」
While the direct impact of the infectious disease eased in some areas, production adjustments and shutdowns, as well as production cuts by automobile manufacturers, continued due to China's zero-COVID policy and the Shanghai lockdown. - FY2022MitigatedAnnual report
「During the current consolidated fiscal year, the impact of the spread of COVID-19 that had continued from the previous fiscal year began to ease」
The direct impact of COVID-19 began to ease from the previous fiscal year, but its impact through semiconductor shortages and supply-chain disruptions continued. - FY2022-Q3WorsenedAnnual report
「In the automotive industry to which our Group belongs, automobile manufacturers continued to reduce production due to shortages of procured parts resulting from supply-chain disruptions, including semiconductor shortages, in addition to the global impact of COVID-19.」
While the impact of the infectious disease continued, shortages of procured parts caused by semiconductor shortages and supply-chain disruptions, as well as the resulting production cuts by automobile manufacturers, also continued. - FY2022-Q2MitigatedAnnual report
「Revenue recovered from the substantial decline in the same period of the previous year caused by the spread of COVID-19, reaching ¥5,811 million, up 23.8% year on year.」
Revenue recovered from the substantial decline in the same period of the previous year caused by the spread of the infectious disease, increasing 23.8%. However, the impact of production cuts caused by the spread of infections in Southeast Asia and shortages of procured parts remains. - FY2022-Q1MitigatedAnnual report
「Although the Group's operating results for the cumulative first quarter of the current consolidated fiscal year were affected by lower customer sales volumes due to semiconductor supply shortages, production activity at Group companies recovered substantially from the previous fiscal year, when revenue was affected by the spread of COVID-19. Revenue was ¥2,949 million, up 14.0% year on year.」
Production at Group companies recovered substantially from the stagnation caused by the infectious disease, and revenue increased 14.0% year on year. However, the impact of lower customer sales volumes due to semiconductor shortages remains. - FY2021MitigatedAnnual report
「From July 2020 onward, revenue recovered as production volumes recovered, and the benefits of fixed-cost reductions in each region were realized. … We achieved full-year operating profitability in all regions.」
Although the impact of production shutdowns and lower sales caused by the infectious disease remained, the recovery in production and fixed-cost reductions from July 2020 onward enabled all regions to achieve full-year operating profitability. - FY2021-Q3MitigatedAnnual report
「Operating profit was ¥663 million, down 83.6% year on year. Although it declined sharply year on year due to lower sales resulting from the spread of COVID-19 and other factors, it recovered substantially from the operating loss of ¥2,480 million recorded for the six months ended September 2020, owing to the recovery in regional sales from July 2020 onward and the effect of fixed-cost reductions through structural reforms.」
Although the impact of lower sales caused by the infectious disease remained and profit declined substantially year on year, the recovery in regional revenue from July 2020 onward and fixed-cost reductions resulted in a recovery from an operating loss for the cumulative second quarter to an operating profit. Uncertainty due to the renewed spread of the infectious disease continues. - FY2021-Q2WorsenedAnnual report
「Downside risks to the economy in Europe and Asia also remained a concern due to the impact of the infectious disease. The global economy deteriorated sharply, and uncertain conditions are expected to continue, including concerns about a resurgence of infections.」
The stagnation of production and sales activity caused by the infectious disease continued in the first half, with concerns about a sharp deterioration in the global economy and a resurgence of infections explicitly stated. The impact continued in the form of lower revenue, lower profit and operating losses in each region. - FY2021-Q1MaterialisedAnnual report
「Revenue was ¥2,587 million, down 28.5% year on year, mainly because the global spread of the infectious disease led to lockdowns in various countries and customer shutdowns, substantially reducing production activity at Group companies.」
Lockdowns, customer shutdowns and reduced production activity caused by COVID-19 occurred across the Group, resulting in a 28.5% decline in revenue and an operating loss.