Supply Chain Disruptions and Decline in Photomask Demand Due to COVID-19
First written in FY2020-Q2. 4 of 12 entries say "Mitigated", first in FY2022. Latest entry: FY2024-Q2.
SK-Electronics moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2025: 5 of 16 companies on the "Worse" side.
19 other companies' latest entry also says "Mitigated".
- FY2024-Q2MitigatedAnnual report
「During the first 2 quarters of the fiscal year under review, Japan's economy showed gradual signs of recovery, reflecting the normalisation of social and economic activity from the COVID-19 pandemic.」
The description focused not on the previous direct constraints on activities and economic activity caused by COVID-19, but on the normalisation of social and economic activity from the pandemic and signs of an economic recovery. - FY2023-Q3RestatedAnnual report
「During the first 3 quarters of the fiscal year under review, Japan's economy showed gradual signs of recovery in economic activity due to factors including the easing of restrictions on activities related to COVID-19.」
It was stated that the easing of restrictions on activities related to COVID-19 and the recovery in economic activity were continuing, with the description continuing to shift from the previous direct constraints toward an easing of the impact. - FY2023-Q2MitigatedAnnual report
「The transition to a new phase of living with COVID-19 progressed, including the announced easing of restrictions on activities and entry restrictions related to COVID-19, and economic activity showed signs of recovery.」
The easing of restrictions on activities and entry restrictions and the transition to living with COVID-19 were indicated, with the previous direct constraints caused by COVID-19 described as easing. - FY2023-Q1MitigatedAnnual report
「During the first quarter of the fiscal year under review, Japan's economy showed signs of recovery in economic activity as it moved toward a new phase of living with COVID-19, including the easing of restrictions on activities.」
The easing of restrictions on activities, the transition to a new phase of living with COVID-19, and signs of a recovery in economic activity were indicated, with the direct constraints on economic activity previously caused by COVID-19 described as easing. - FY2022MitigatedAnnual report
「During the consolidated fiscal year under review, Japan's economy showed signs of recovery in economic activity, although the number of COVID-19 cases was also moving toward containment,」
It was stated that the number of COVID-19 cases was moving toward containment and that economic activity was showing signs of recovery. The wording shifted from direct references to the previous travel restrictions, demand contraction and development delays to wording indicating that the impact was easing. - FY2022-Q1RestatedAnnual report
「During the first quarter of the fiscal year, the number of COVID-19 cases declined as vaccination rates improved, and economic activity showed signs of recovery following the lifting of the state of emergency. However, the outlook for domestic and overseas economies remained uncertain due to the spread of new variants.」
While a recovery in economic activity due to vaccinations and the lifting of the state of emergency was indicated, the impact of COVID-19 and uncertainty over the outlook continued as infections with new variants spread. - FY2021Economic activity recovering while the impact of COVID-19 continuesAnnual report
「The number of infections declined due to factors including the rising COVID-19 vaccination rate, and signs of a recovery in economic activity emerged. However, the outlook for the domestic and global economies remained uncertain due to factors including the impact of highly transmissible variants.」
While a recovery in economic activity driven by the spread of vaccines was indicated, the impact of variants and uncertainty over the outlook continued. - FY2021-Q2WorsenedAnnual report
「Under these conditions, overseas sales activities were constrained by continuing travel restrictions caused by the spread of COVID-19, resulting in lower sales year on year. Operating profit, however, increased year on year due to cost-cutting initiatives, lower depreciation and amortization and other factors.」
The continued travel restrictions were cited as an actual earnings impact, along with constraints on overseas sales activities and a year-on-year decline in revenue. Delays in liquid-crystal panel development and divergent trends in photomask demand also continued. - FY2021-Q1Supply constraints easing; development demand remaining weakAnnual report
「The launch of delayed new production lines resumed as travel restrictions on travel to China were eased. [Omitted] In the photomask market, demand for photomasks for development did not increase as expected because new panel development was postponed and plans were revised.」
The launch of new production lines in China resumed as travel restrictions were eased, while weak demand for photomasks for development due to postponed new panel development and revised plans continued. - FY2020WorsenedAnnual report
「The postponement or cancellation of major sporting events such as the Olympics and lockdowns in major cities caused global sales of televisions and smartphones to decline, and panel demand contracted, reaching a low from April through June.」
The impact of COVID-19 materialised as a full-year decline in television and smartphone sales, lower panel demand, delays in launching new production lines in China, and an impact on photomask demand. - FY2020-Q3WorsenedAnnual report
「In China, the continued travel restrictions prevented the installation of equipment and the entry of overseas technicians, delaying the launch of new production lines. In the photomask market, demand for photomasks declined because panel manufacturers reduced their development activities.」
It was stated that the impact of COVID-19 continued, with the launch of production lines delayed by travel restrictions and photomask demand reduced by lower development activity among panel manufacturers. - FY2020-Q2First statedAnnual report
「Supply chains were disrupted by measures to contain infections, including movement restrictions, resulting in lower operating rates at panel factories in China and delays in launching new production lines. In the photomask market, demand for photomasks declined as panel manufacturers postponed development projects and revised their plans.」
It is stated that supply chain disruptions, lower operating rates at panel plants in China, delays in launching new production lines, postponed development and revised plans by panel manufacturers, and weaker photomask demand actually occurred due to movement restrictions and other measures associated with the spread of COVID-19. The company also explained that the impact on photomask orders from February onward had not been incorporated into its earnings forecast.