Risk of stalled transactions and shipment delays due to the spread of COVID-19
First written in FY2020-Q3. 4 of 11 entries say "Materialised", first in FY2020-Q3. Latest entry: FY2023-Q1.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2023-Q1MaterialisedAnnual report
「Revenue for the period fell below the initial plan because restrictions on overseas travel and other factors pushed back the delivery timing for products in some overseas projects.」
Restrictions on overseas travel pushed back product deliveries, causing quarterly revenue to fall short of plan. The impact of the pandemic on overseas projects continues to appear in results. - FY2022MaterialisedAnnual report
「In projects initially planned for the Chinese market, prolonged and severe travel restrictions prevented negotiations from progressing as planned, and large projects were pushed into the following period. As a result, sales for the fiscal year fell below the initial plan.」
Restrictions on overseas travel delayed business discussions for projects in the Chinese market and the delivery of large-scale projects, causing full-year revenue to fall below the initial plan. The pandemic’s impact on transactions and deliveries continues. - FY2022-Q3MaterialisedAnnual report
「For the third-quarter cumulative period, sales fell below the initial plan, mainly because deliveries and installation work for overseas projects took longer due to the continuing travel restrictions, and delivery plans for repeat orders were pushed back because of delays in customers' capital investment.」
In addition to prolonged delivery and commissioning work due to restrictions on overseas travel, repeat orders were delivered later than scheduled because customers delayed capital investment, causing revenue to fall below the initial plan. The impact of the pandemic on transactions and shipments continues to appear in results. - FY2022-Q2Overseas order-generation activities continue to slowAnnual report
「In Japan, inquiries and business negotiations are brisk, but overseas order-acquisition activities have slowed due to the impact of travel restrictions and other factors that remain in place」
The company states that overseas order-generation activities are slowing as travel restrictions related to COVID-19 continue. Meanwhile, inquiries and business discussions are strong in Japan. - FY2022-Q1MitigatedAnnual report
「In domestic projects during the three-month period ended June 2021, products were delivered and accepted as we steadily handled orders secured mainly in the second half of the previous fiscal year. In overseas projects, delivery delays that had stalled were gradually being resolved, but restrictions on travel that remained in some cases delayed the commissioning of delivered products. As a result, revenue for the three-month period ended June 2021 fell below the initial plan.」
The company explains that delivery and acceptance progressed on domestic projects and that delivery delays overseas were gradually being resolved. However, travel restrictions prolonged commissioning after delivery, causing revenue to fall below plan, with the impact of the pandemic continuing. - FY2021The impact continued despite the partial resolution of delivery delaysAnnual report
「Delivery delays had gradually begun to be resolved from the second half of the fiscal year. However, revenue for the fiscal year fell below the initial plan due to the continuing restrictions on overseas travel and the impact of stalled order-generation activities in the first half.」
Although delivery delays were gradually resolved from the second half, the effects of restrictions on overseas travel and stalled order-generation activities in the first half remained, resulting in full-year revenue falling short of plan. - FY2021-Q3The impact continued despite the partial resolution of delivery delaysAnnual report
「Delivery delays had gradually begun to be resolved from the latter half of the period. However, revenue for the nine-month period ended December 2020 fell below the initial plan due to the continuing restrictions on overseas travel and the impact of stalled order-generation activities in the first half of 2020.」
While delivery delays were gradually being resolved, the effects of restrictions on overseas travel and stalled order-generation activities in the first half remained, causing revenue to fall below plan. - FY2021-Q2WorsenedAnnual report
「During the six-month period ended September 2020, order-generation activities were temporarily affected after the declaration of a state of emergency due to the spread of COVID-19, including by the voluntary suspension of business travel. In addition, overseas projects experienced delivery delays because local arrangements to receive the equipment were not ready, causing revenue for the six-month period ended September 2020 to fall below the initial plan.」
The spread of the infection temporarily stalled order-generation activities, while overseas projects actually experienced delivery delays because local arrangements to receive the equipment were not ready, causing revenue to fall below the initial plan. - FY2021-Q1WorsenedAnnual report
「At the end of the previous fiscal year, we expected the impact to continue through the first half of the fiscal year ending April 2021. However, as there were no signs that the outbreak was subsiding, we prepared accounting estimates on the assumption that the impact would continue at least through the end of the fiscal year ending April 2021.」
The assumed period of impact from the COVID-19 pandemic was extended from the first half of the fiscal year ending April 2021, as expected at the end of the previous fiscal year, to at least the end of that fiscal year. - FY2020WorsenedAnnual report
「Revenue for the consolidated fiscal year was below the initial plan due to the impact of the spread of COVID-19.」
The impact spread from shipment delays for completed systems bound for China as of the third quarter, causing full-year revenue to fall below the initial plan. Accounting estimates were prepared on the assumption that the impact would continue at least through the first half of the fiscal year ending April 2021. - FY2020-Q3MaterialisedAnnual report
「Shipment delays have occurred for completed systems scheduled for delivery to Chinese companies as a result of the spread of the coronavirus that originated in Wuhan, Hubei Province, China.」
The company disclosed the spread of COVID-19 as an additional business risk and stated that shipment delays had actually occurred for completed systems intended for Chinese companies.