Risk of production stoppages caused by disasters, infectious diseases and social-infrastructure disruptions
First written in FY2017. 3 of 10 entries say "Materialised", first in FY2020. Latest entry: FY2023-Q2.
The whole theme swung hardest in 2020: 71 of 113 companies on the "Worse" side.
- FY2023-Q2MitigatedAnnual report
「Supply-chain disruptions caused by the lockdown in the Shanghai area of China from the end of March to the end of May, which had been almost resolved by early in the second quarter」
Although the Shanghai lockdown caused supply-chain disruptions, it was reported that they had been largely resolved by the beginning of the second quarter. - FY2023-Q1MaterialisedAnnual report
「We were also forced to reduce production as supply chain disruptions caused by the lockdown in Shanghai affected our operations, resulting in a substantial decline in sales in this segment compared with the forecast.」
The lockdowns and supply-chain disruptions associated with infectious diseases again materialised as lower production in Shanghai, affecting sales in the automotive segment. - FY2021-Q3MitigatedAnnual report
「The production constraints caused by lockdowns and supply chain disruptions associated with the spread of COVID-19 in the first half of the cumulative period had been resolved by the second half.」
The company stated that production constraints caused by lockdowns and supply chain disruptions associated with the spread of COVID-19 had been resolved in the second half of the cumulative period. - FY2021-Q2MitigatedAnnual report
「The production constraints caused by the spread of COVID-19 at our Philippine back-end processing subsidiary, which affected shipments during the first quarter of the consolidated accounting period, had been resolved by the end of the second quarter.」
The company disclosed that production constraints in the Philippines back-end process caused by the infectious disease had been resolved. Demand, however, had not recovered to the level of the same period of the previous year. - FY2021-Q1MaterialisedAnnual report
「Sluggish demand for smartphones and automotive displays, the Group's main products, reduced net sales.」
Infectious disease risk actually affected quarterly sales through weak demand for displays for smartphones and automotive applications. In the Philippines, prolonged lockdowns also delayed the recovery of production. - FY2020MaterialisedAnnual report
「In addition, regarding the negative impact of the spread of COVID-19, we currently expect fiscal 2021 revenue to decline by 15–20% from fiscal 2020, due to the downturn in demand for displays for smartphones and automobiles.」
Infection risks materialized as temporary shutdowns and low utilization at back-end plants, material shortages and declining demand, with the expected 15–20% decline in sales in the following fiscal year also quantified. - FY2020-Q3WorsenedAnnual report
「However, given the possibility that delays in the stable improvement in the Company's performance expected from this point could result from future supply chain stagnation, a decline in consumption and the resulting decrease in sales, among other factors, and could affect medium- to long-term funding, material uncertainty regarding the going concern assumption exists at present.」
The company explicitly identified lower sales caused by supply-chain disruptions and weaker consumption as risks affecting not only performance improvement but also medium- to long-term cash management. - FY2019RestatedAnnual report
「Natural disasters such as earthquakes, tsunamis, torrential rains, floods and lightning strikes, computer virus infections, leakage of customer data, supply chain disruptions caused by disasters affecting parts suppliers and others, the outbreak or spread of epidemics, war, terrorism, riots and labor disputes occur」
Reiterated the risks of plant shutdowns caused by natural disasters, cyber incidents, supply chain disruptions, epidemics and social conditions, as well as the response through insurance. - FY2018RestatedAnnual report
「If natural disasters such as earthquakes, tsunamis, torrential rains, floods and lightning strikes, computer virus infections, customer data leaks, supply chain disruptions caused by disasters affecting parts suppliers and others, the outbreak or spread of epidemics, war, terrorism, riots or labor disputes occur and severely damage the group's facilities, operations may be suspended and production and shipments may stop.」
Reiterated the risks of plant shutdowns caused by natural disasters, cyber incidents, supply chain disruptions, epidemics and social conditions, as well as the response through insurance. - FY2017First statedAnnual report
「If natural disasters such as earthquakes, tsunamis, torrential rains, floods and lightning strikes, computer virus infections, customer data leaks, supply chain disruptions caused by disasters affecting parts suppliers and others, the outbreak or spread of epidemics, war, terrorism, riots or labor disputes occur and severely damage the group's facilities, operations may be suspended and production and shipments may stop.」
The company newly organised and described the risks of business interruptions and supply delays arising from natural disasters, cyber incidents, supply chain disruptions, epidemics and social conditions.