COVID-19-Related Suspension of Operations in China and Global Stagnation in Production and Consumption Activity
First written in FY2020-Q1. 7 of 13 entries say "Restated". Latest entry: FY2023-Q3.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2023-Q3RestatedAnnual report
「There were also no material changes in the risks relating to the business and other matters described in the securities report for the previous consolidated fiscal year.」
The company continued to disclose that there had been no material changes in the business and other risks described in the previous fiscal year’s consolidated financial statements, including the impact of COVID-19 on business activities. - FY2023-Q2RestatedAnnual report
「There were also no material changes in the risks relating to the business and other matters described in the securities report for the previous consolidated fiscal year.」
The company continued to disclose that there had been no material changes in the business and other risks described in the previous fiscal year’s consolidated financial statements, including the impact of COVID-19 on business activities. - FY2023-Q1MitigatedAnnual report
「During the first 1 quarter of the current consolidated fiscal year, signs of recovery emerged amid growing momentum toward an economic recovery after COVID-19. However, the economy remained in an uncertain environment due to concerns over an economic slowdown arising from higher raw material and energy prices caused by the prolonged situation in Ukraine, rising prices and global monetary tightening.」
Signs of an economic recovery and improvement in preparation for the post-COVID period were identified, and the constraints on economic activity caused by the disease were described as easing. - FY2022-Q3MitigatedAnnual report
「As the transition to a new phase of living with COVID-19 progressed and social and economic activity returned to normal, signs of recovery were seen, particularly in consumer activity.」
As the transition to a new phase of living with COVID-19 progressed and social and economic activity returned to normal, signs emerged that the constraints on economic activity caused by the disease were easing in part. - FY2022-Q2MitigatedAnnual report
「Amid the normalization of social and economic activity following the easing of strict COVID-19 restrictions, signs of recovery continued.」
The company explained that the easing of restrictions related to COVID-19 and the normalization of social and economic activity had partially eased the constraints on economic activity seen through the previous quarter. However, the impact of the disease itself continued. - FY2022-Q1RestatedAnnual report
「During the first 1 quarter of the current consolidated fiscal year, signs of recovery continued, but uncertainty over the outlook increased due to the growing geopolitical risks surrounding the situation in Ukraine and soaring resource and raw material prices, in addition to the impact of COVID-19.」
The impact of COVID-19 continued to be cited as a source of uncertainty in the economic environment, but no material changes were identified in the risks to the business and other activities associated with the disease itself. - FY2021-Q3WorsenedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, Japan's economy remained in a severe situation due to disruptions in parts procurement caused by the spread of COVID-19 variants and concerns over an economic slowdown in China. However, signs of recovery continued, including strong growth in capital investment in growth sectors in anticipation of a post-COVID and with-COVID environment, against the backdrop of new lifestyles designed to prevent the spread of infection and the wider availability of vaccines.」
The spread of COVID-19 variants emerged as disruptions in parts procurement, while concerns about a slowdown in the Chinese economy also intensified. At the same time, the company described signs of recovery driven by the wider adoption of vaccinations and capital investment in growth areas. - FY2021-Q2RestatedAnnual report
「Although no events or circumstances of critical importance exist, the company will continue to monitor the impact of COVID-19 on the Group’s financial position, operating results, and other matters.」
The company stated that no events or circumstances of critical importance exist, while continuing its policy of monitoring the impact of COVID-19 on its financial position and operating results. - FY2021-Q1RestatedAnnual report
「Although no events or circumstances of critical importance exist, the company will continue to monitor the impact of COVID-19 on the Group’s financial position, operating results, and other matters.」
The company stated that no events or circumstances of critical importance exist, while continuing its policy of monitoring the impact of COVID-19 on its financial position and operating results. - FY2020RestatedAnnual report
「If the emergence and spread of a novel infectious disease restrict or delay business activities at the Group’s or its customers’ offices and factories, the Group’s production and sales activities may be affected.」
The company continued to disclose restrictions and delays in business activities caused by infectious diseases, and their impact on production and sales activities, as major full-year risks, while also describing measures such as working from home and online meetings. - FY2020-Q3RestatedAnnual report
「During the nine-month period ended the third quarter, economic activity was restricted by the suspension of operations at customers’ factories, travel restrictions, and logistics disruptions resulting from the impact of COVID-19. In addition, the Group’s business activities were partially constrained or delayed because it implemented measures such as restricting business travel and instructing employees in Japan and overseas to work from home to prevent infection and the spread of the disease.」
Constraints and delays in business activities caused by customers’ factory shutdowns, travel restrictions, logistics disruptions, and restrictions on business travel and work-from-home arrangements continued. The company also described the potential impact if the situation were to persist or the infection were to spread further. - FY2020-Q2WorsenedAnnual report
「During the six-month period ended the second quarter, economic activity was restricted by the suspension of operations at customers’ factories, travel restrictions, and logistics disruptions resulting from the impact of COVID-19. In addition, the Group’s business activities were partially constrained or delayed because it implemented measures such as restricting business travel and instructing employees in Japan and overseas to work from home to prevent infection and the spread of the disease.」
The impact of COVID-19 became more concrete, taking the form of suspensions at customers’ factories, travel restrictions, logistics disruptions, restrictions on employee business travel, work-from-home arrangements, and constraints and delays in business activities, rather than general concerns such as factory shutdowns in China. - FY2020-Q1First statedAnnual report
「Many factories in China have suspended operations due to the impact of the novel coronavirus disease, and stagnation in production and consumption continues worldwide.」
The company newly identified the suspension of operations at its factories in China and the global stagnation of production and consumption activity caused by COVID-19 as external risks that had actually materialized during the quarter.