Impact of COVID-19 on the slowdown in economic activity and business operations
First written in FY2020. 4 of 18 entries say "Mitigated", first in FY2024-Q1. Latest entry: FY2025-H1.
Shirai Electronics Industrial moved to the "Worse" side of this theme in 2020, 1 year before the typical company in this theme (2021).
1 other company's latest entry also says "Mitigated".
- FY2025-H1MitigatedAnnual report
「In the inspection machine and solutions business, restrictions on operating activities due to COVID-19 were lifted, and orders won in Japan and overseas remained solid. As a result, segment revenue was ¥289 million, up 62.8% year on year, and the segment posted profit of ¥14 million, compared with a loss of ¥11 million in the same period of the previous year.」
The restrictions on business activities due to COVID-19 were lifted, and the impact on the business diminished as domestic and overseas orders recovered, revenue increased and the business returned to profitability. - FY2024MitigatedAnnual report
「As the impact of restrictions on business activities due to COVID-19 eased, orders in Japan and overseas began to recover, resulting in higher revenue year on year.」
As the impact of restrictions on business activities due to COVID-19 eased, the impact on the inspection equipment and solutions business diminished through a recovery in orders and higher revenue. - FY2024-Q3MitigatedAnnual report
「In the inspection machine and solutions business, the impact of restrictions on operating activities due to COVID-19 eased, and orders in Japan and overseas began to recover. As a result, segment revenue was ¥402 million, up 30.1% year on year, and the segment posted a loss of ¥5 million, compared with a loss of ¥12 million in the same period of the previous year.」
As the impact of restrictions on business activities due to COVID-19 eased, orders in Japan and overseas began to recover. Revenue increased 30.1%, and the loss narrowed. - FY2024-Q2Revenue growth and a largely unchanged loss amid continued aftereffects of restrictions on business activitiesAnnual report
「In the inspection machine and solutions business, the segment was affected by the lingering effects of restrictions on operating activities in prior years due to COVID-19. As a result, segment revenue was ¥177 million, up 5.4% year on year, and the segment posted a loss of ¥11 million, unchanged from the loss in the same period of the previous year.」
While the aftereffects of restrictions on business activities in previous fiscal years due to COVID-19 continued, the inspection equipment and solutions business reported higher revenue. However, the segment loss was ¥11 million, unchanged from the same quarter of the previous fiscal year. - FY2024-Q1MitigatedAnnual report
「In the inspection machine and solutions business, the segment was affected by the lingering effects of restrictions on operating activities in prior years due to COVID-19. As a result, segment revenue was ¥81 million, up 10.6% year on year, and the segment posted a loss of ¥12 million, compared with a loss of ¥14 million in the same period of the previous year.」
Although the lingering effects of restrictions on business activities in previous fiscal years due to COVID-19 remain, the inspection equipment and solutions business reported higher revenue and a narrower loss. - FY2023Economic activity normalizes while the impact of COVID-19 continuesAnnual report
「Sales activities overseas have been restricted by the impact of COVID-19, and the difficult situation continues.」
While socioeconomic activity is returning to normal, the impact of COVID-19 remains throughout the fiscal year in the inspection equipment and solutions business in the form of restrictions on overseas sales activities. - FY2023-Q3RestatedAnnual report
「The inspection equipment and solutions business remains in a difficult situation, as COVID-19 has restricted sales activities overseas.」
Restrictions on overseas sales activities due to COVID-19 continued to affect the inspection equipment and solutions business. - FY2023-Q2WorsenedAnnual report
「In the inspection machine and solutions business, overseas sales activities were restricted due to the impact of COVID-19, and difficult conditions continued. As a result, segment revenue was ¥168 million, down 45.8% year on year. Despite efforts to reduce controllable individual fixed costs, the segment posted a loss of ¥11 million, compared with a loss of ¥1 million in the same period of the previous year.」
Restrictions on overseas sales activities due to COVID-19 continued, and revenue in the inspection equipment and solutions business declined 45.8% year on year, while the segment posted a loss of ¥11 million. The impact of the pandemic continued to appear in business results. - FY2023-Q1RestatedAnnual report
「The inspection equipment and solutions business remains in a difficult situation, as the continued spread of COVID-19 has restricted sales activities overseas.」
The continued spread of COVID-19 has appeared in business results as restrictions on overseas sales activities, and the impact of the pandemic and the uncertain outlook continue to be reported. - FY2022The impact of COVID-19 and uncertainty continue even during the recovery phaseAnnual report
「The global spread of COVID-19 has had a significant impact on economic activity both in Japan and overseas, and the outlook remains uncertain. If conditions change, the Group's operating results and financial position may be affected.」
While operating results are recovering, the impact of COVID-19 on economic activity and the uncertain outlook continue to be identified as major risks. - FY2022-Q3Assumption of recovery and limited impact amid the spread of variantsAnnual report
「The inspection equipment and solutions business remains in a difficult situation, as the rapid spread of COVID-19 has restricted sales activities overseas.」
The rapid spread of COVID-19 continued to affect business results by restricting overseas sales activities. At the same time, based on performance from the third quarter onward, the Group has assumed for accounting purposes that the future impact will be limited. - FY2022-Q2Recovery and uncertainty coexistAnnual report
「Regarding the impact of COVID-19, the Group assumes that demand will gradually recover and has reflected this assumption in its accounting estimates concerning the recoverability of deferred tax assets and the application of impairment accounting for fixed assets.」
The Group assumes that demand will gradually recover even amid the impact of COVID-19, while stating that this assumption is subject to uncertainty. - FY2022-Q1Recovery amid vaccine progress coexists with risks from variants and rising costsAnnual report
「The printed circuit board industry is thriving as the shift toward ICT (information and communications technology), accelerated by COVID-19, gains further momentum, driving a sharp increase in demand for electronic equipment, while the emerging electric vehicle (EV) market continues to expand. However, concern is mounting over the risk of a further spread of new variants and rising costs, including raw material and transportation costs, and the outlook remains uncertain.」
While the industry is thriving on expanding demand for electronic equipment and the EV market, risks from variants and rising raw material and transportation costs coexist. - FY2021Recovery expectations from vaccines coexist with the risk of renewed spread caused by variantsAnnual report
「While the effects of progress in global vaccination efforts are expected, the recovery of the global economy, including Japan's, has been significantly affected by the struggle against the rapid renewed spread of infections caused by variants. If this situation continues for an extended period, it may affect the Group's operating results and financial position.」
While vaccination has raised expectations for a recovery, the rapid renewed spread of infections caused by variants and the possibility of a prolonged situation were described as new uncertainties. - FY2021-Q3WorsenedAnnual report
「During the third quarter of the current consolidated fiscal year, the impact of COVID-19 remained significant. China and Taiwan achieved a degree of containment, but the spread of infections did not subside in the US and Europe, and some regions entered lockdowns, leaving the economic outlook uncertain.」
The impact of COVID-19 remained significant, and the risk of economic stagnation continued amid the spread of infections and lockdowns in Europe and the United States and the third wave in Japan. - FY2021-Q2WorsenedAnnual report
「The printed circuit board industry continued to face a challenging order environment, as demand for electronic components overall remained sluggish due to the significant impact of the global spread of COVID-19 and the unresolved US-China trade friction. Under these conditions, orders declined in the Group's core printed circuit board business in its main domestic and overseas fields, including automotive electronics, home appliances and electronic applications. In the inspection equipment and solutions business, the number of units sold also declined for both printed circuit board visual inspection equipment, including the VISPER series, and various solution products.」
The downturn in demand caused by COVID-19 continued to appear in business results as declining orders in the core printed circuit board fields and a decrease in unit sales of the VISPER series and solution products. - FY2021-Q1MaterialisedAnnual report
「In the printed circuit board business, orders declined in Japan and overseas in key fields, including automotive electronics, home appliances and electronic applications. In the inspection equipment and solutions business, the number of units sold also declined.」
Against the backdrop of the global spread of COVID-19, the impact of the risks began to appear in business results, with orders declining in key printed circuit board fields and the number of units sold declining in the inspection equipment and solutions business. - FY2020First statedAnnual report
「The spread of COVID-19 has caused economic activity to stagnate worldwide, and if this situation continues for an extended period, it may affect the Group's operating results and financial position. The Group has also established a COVID-19 Response Headquarters and implemented infection-control measures internally, but if infections were to spread within the Group, business activities could stagnate and operating results could be affected.」
The worldwide stagnation of economic activity caused by COVID-19 was identified as a new major risk, with the potential impact on operating results and financial position if the situation persists, as well as the possibility of business disruption caused by internal infections, described. The establishment of the COVID-19 Response Headquarters and internal infection-control measures were also described.