Production and demand stagnation due to the spread of COVID-19
First written in FY2021-Q1. 4 of 13 entries say "Mitigated", first in FY2021-Q2. Latest entry: FY2025.
The whole theme swung hardest in 2022: 4 of 13 companies on the "Worse" side.
1 other company's latest entry also says "Other".
- FY2025Recognition of containment alongside the risk of a resurgenceAnnual report
「Although COVID-19 has reached a certain level of containment, it may adversely affect the Group's performance and financial condition through a global resurgence causing an economic recession, operating stoppages at Group facilities due to regulations in various countries, and the suspension or reduction of production activities at customer companies.」
While indicating that the disease had reached a certain level of containment, the Company continued to identify as risks the possibility of operating stoppages and production stoppages at customers due to a global resurgence or regulations. - FY2024MitigatedAnnual report
「During the current consolidated fiscal year, the global economy saw a reduction in inflation worldwide as supply chain disruptions caused by COVID-19 were resolved and central banks, particularly in the United States and Europe, adopted tighter monetary policies.」
The Company indicated that global supply chain disruptions caused by COVID-19 had been resolved. However, the possibility of production stoppages and lower demand due to a resurgence of the disease remains a risk. - FY2024-Q1Economic recovery remains weak even after the zero-COVID policy was liftedAnnual report
「Although China's zero-COVID policy aimed at containing COVID-19 had been lifted, there was no visible momentum for an economic recovery.」
Although China's zero-COVID policy had been lifted, it was disclosed that no momentum for an economic recovery was visible after the lifting of the policy. - FY2023MitigatedAnnual report
「As COVID-19 has reached a certain level of containment, we estimate that there will be no material impact on the Group.」
The Company disclosed its estimate that COVID-19 had reached a certain level of containment and would have no material impact. China's zero-COVID policy was also lifted in December 2022. - FY2023-Q3Lifting of the zero-COVID policy after the impact of lockdownsAnnual report
「In China, the zero-COVID policy aimed at containing COVID-19 caused logistics disruptions in Shanghai for 2 months through the end of May 2022. In November 2022, the lockdown in Zhengzhou, Henan Province, caused a substantial decline in the operating rate at the main plant of an EMS manufacturer responsible for the global contract production of smartphones. The zero-COVID policy was subsequently lifted.」
While logistics disruptions in Shanghai caused by China's zero-COVID policy and lower plant operating rates caused by the Zhengzhou lockdown occurred, the policy was subsequently lifted. - FY2023-Q1WorsenedAnnual report
「In the automotive and smartphone markets, our core business areas, Shanghai was affected by logistics disruptions caused by a 2-month lockdown through the end of May under China's "zero-COVID" policy.」
China's zero-COVID policy, against the backdrop of the spread of COVID-19, resulted in a 2-month lockdown in Shanghai through the end of May and disrupted logistics. - FY2022WorsenedAnnual report
「The business environment for the next fiscal year remains uncertain, owing not only to the prolonged impact of COVID-19 but also to Russia's invasion of Ukraine and lockdowns in China resulting from its "zero-COVID" policy, among other factors affecting the outlook for the global economy.」
As the impact of COVID-19 persists, the invasion of Ukraine and lockdowns in China were cited as additional uncertainties in the business environment for the next fiscal year. - FY2022-Q3WorsenedAnnual report
「During the cumulative third-quarter consolidated period, the global economy was moving toward recovery as major countries implemented large-scale monetary easing and proactive fiscal stimulus. However, the impact on supply chains caused by shortages of semiconductors and other components, along with the spread of the Omicron variant, a new variant of COVID-19, weighed on the recovery's momentum.」
The spread of Omicron, a new variant of COVID-19, was cited as a factor weakening the momentum of the global economic recovery. - FY2022-Q2MaterialisedAnnual report
「In Malaysia, where our production plant is located, operations were suspended for 6 days in early July due to the spread of COVID-19. At the Suzhou plant in China, operations were also forced to suspend for 2 days in late September due to power supply restrictions, although the impact on profit and loss was minor.」
Due to the spread of COVID-19, the Malaysia plant suspended operations for 6 days, while the Suzhou plant suspended operations for 2 days due to power supply restrictions. The Company stated that the impact on profit and loss was minor. - FY2022-Q1MaterialisedAnnual report
「In Malaysia, where our production plant is located, operations were suspended for 6 days in early July due to the spread of COVID-19. Although the impact on profit and loss was minor, the spread of COVID-19 has continued, and the situation remains unpredictable.」
Due to the spread of COVID-19, the production plant in Malaysia suspended operations for 6 days in early July. The Company stated that the impact on profit and loss was minor. - FY2021-Q3MitigatedAnnual report
「In the first-quarter consolidated accounting period, sales declined 18.8% from the same quarter of the previous year due to the spread of COVID-19 and other factors. In the third-quarter consolidated accounting period, however, sales turned to a year-on-year increase of 8.7%.」
Sales, which had declined 18.8% year on year in the first quarter due to the spread of COVID-19, turned to an 8.7% year-on-year increase in the third-quarter accounting period, indicating that the short-term impact on performance had eased. - FY2021-Q2MitigatedAnnual report
「During the first-quarter consolidated accounting period, sales declined 18.8% from the same quarter of the previous year due to the spread of COVID-19 and other factors. During the second-quarter consolidated accounting period, however, sales recovered to a decline of 4.8% from the same quarter of the previous year.」
Sales fell 18.8% year on year in the first quarter due to the spread of COVID-19, but recovered to a decline of 4.8% in the second quarter. Concerns about a renewed spread remain, although the short-term impact on performance has eased. - FY2021-Q1First statedAnnual report
「In the automotive market during the first quarter, production activity at major manufacturers worldwide stagnated due to the spread of COVID-19. Global new-vehicle sales also fell sharply, particularly in the United States and Europe.」
The spread of COVID-19 actually led to production stagnation at major automakers and lower new-vehicle sales, particularly in the United States and Europe, resulting in a year-on-year decline of slightly more than 30% in sales volume for automotive applications.