Business and Performance Impact of the Spread of COVID-19

「During the consolidated fiscal year, the Japanese economy continued on a gradual recovery trend, supported by the continued recovery in economic activity, corporate wage increases and improved conditions for procuring components, as well as expanding inbound demand.」

「During the consolidated fiscal year, the Japanese economy progressed toward normalization of social and economic activity as the impact of COVID-19 diminished.」

「During the cumulative third quarter, the effects of COVID-19 and other factors were beginning to subside and supply and demand for components had eased substantially. However, the remaining component procurement risks were expected to continue affecting the Group's business, and the Group recognized that events or conditions existed that could raise substantial doubt about its ability to continue as a going concern.」

「During the cumulative second quarter, the effects of COVID-19 and other factors were beginning to subside and supply and demand for components had eased substantially, although the remaining component procurement risks were expected to continue affecting the Group's business」

「During the cumulative third quarter, the Japanese economy continued to show a gradual recovery as the impact of COVID-19 persisted, supported by various infection-control measures and the establishment of a new way of life.」

「During the six months ended the second quarter of the current consolidated fiscal year, economic activity showed signs of a gradual recovery as infection-control measures such as vaccinations and the adoption of new lifestyles became established, despite the prolonged impact of COVID-19. However, the outlook for the economy remained uncertain due to the effects of global inflation, exchange-rate fluctuations, monetary-tightening policies in various countries and geopolitical risks on raw-material, material and energy prices and supply chains.」

「During the first quarter of the current consolidated fiscal year, domestic restrictions on movement related to COVID-19 were eased, but the outlook remained uncertain due to concerns about a resurgence of infections from new variants, lockdowns under China’s zero-COVID policy, shortages and higher prices for raw materials resulting from supply-chain disruptions caused by the prolonged situation in Ukraine, and the rapid depreciation of the yen.」

「In response to the global spread of COVID-19, the Group places the safety of employees, customers and business partners first and, to prevent further spread of the infection, is working to cancel internal and external events, implement working from home in line with requests from national and local governments, and promote the use of web conferencing and other tools that enable remote work. If the situation continues for an extended period, a decline in sales due to a slowdown in global economic activity and other factors may affect the Group's financial position and operating results.」

「The effects of the spread of COVID-19, including postponed customer plans and delays in construction projects, as well as component procurement problems caused by global shortages of raw materials, particularly semiconductors, and extremely tight supply and demand, have continued for an extended period, making it difficult to foresee when the situation will be resolved.」

「However, the effects of the spread of COVID-19, including the postponement of customer plans and delays in construction projects, as well as problems procuring components due to global shortages of raw materials, particularly semiconductors, have become apparent.」

「In response to the global spread of COVID-19, the Group places the safety of employees, customers and business partners first and, to prevent further spread of the infection, is working to cancel internal and external events, implement working from home in line with requests from national and local governments, and promote the use of web conferencing and other tools that enable remote work. If the situation continues for an extended period, a decline in sales due to a slowdown in global economic activity and other factors may affect the Group's financial position and operating results.」

「However, the effects of the spread of COVID-19, including the postponement of customer plans and delays in construction projects, have recently become apparent.」

「However, the effects of the spread of COVID-19, including the postponement of customer plans and delays in construction projects, have recently become apparent.」

「However, some effects of the spread of COVID-19, including the postponement of customer plans and delays in construction projects, have recently become apparent, and we will monitor changes in future market conditions even more closely.」

「Regarding the impact of the spread of COVID-19 on the business, there has so far been a limited impact, including the postponement of certain projects and fewer sales opportunities with customers, but it has not had a significant impact on the business environment. However, the outlook remains extremely uncertain, and we will continue to monitor the impact on the Group's business. If the situation continues for an extended period, a decline in sales due to a slowdown in global economic activity and other factors may affect the Group's financial position and operating results.」