Impact of the COVID-19 Pandemic on Business Activities and Orders
First written in FY2020. 7 of 18 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2026ReframedAnnual report
「Natural disasters such as earthquakes, tsunamis, typhoons and floods, as well as outbreaks of new infectious diseases, may cause damage to employees and facilities of our Group, disrupt information systems and supply chains, and make business operations difficult.」
The description has been reorganized from one focused on the specific effects of COVID-19 to cover general business continuity risks, including natural disasters, new infectious diseases, information-system outages and supply-chain disruptions. - FY2024ReframedAnnual report
「COVID-19 affected the economy and social life, and we took measures to prevent the spread of infection, including teleworking and staggered working hours. If a new infectious disease emerges and has a significant impact on economic activity, it may adversely affect our financial condition and business performance.」
The wording has been revised from the previous description of the continuing effects of COVID-19 to describe past measures taken and the risk of a new infectious disease emerging in the future. - FY2024-Q3RestatedAnnual report
「The situation regarding the impact of COVID-19 and delays and price increases involving product components remains unpredictable, and the Company will continue to closely monitor developments.」
The company continues to monitor the situation regarding COVID-19 and delays and price increases for product materials, which remains unpredictable. - FY2024-Q2RestatedAnnual report
「The situation regarding the impact of COVID-19 and delays and price increases involving product components remains unpredictable, and the Company will continue to closely monitor developments.」
The company continues to monitor the situation regarding COVID-19 and delays and price increases for product materials, which remains unpredictable. - FY2024-Q1RestatedAnnual report
「The situation regarding the impact of COVID-19 and delays and price increases involving product components remains unpredictable, and the Company will continue to closely monitor developments.」
The company continues to monitor the situation regarding COVID-19 and delays and price increases for product materials, which remains unpredictable. - FY2023SoftenedAnnual report
「Although COVID-19 has been reclassified under the Infectious Diseases Control Law from Category 2-equivalent to Category 5 and economic activity is moving toward normalization, if infections spread again and the impact on economic activity becomes significant, the Company's financial condition and business performance could be adversely affected.」
The disclosure now notes the change in the legal classification of COVID-19 and the normalization of economic activity, reflecting a less pronounced assessment of its current impact than before. However, the risk of adverse effects on financial condition and business performance if infections spread again remains. - FY2023-Q3RestatedAnnual report
「The situation regarding the impact of COVID-19 and delays and price increases involving product components remains unpredictable, and the Company will continue to closely monitor developments.」
The Company reconfirmed its recognition that the situation regarding COVID-19 and delays and price increases involving product components remains unpredictable. - FY2023-Q2RestatedAnnual report
「The situation regarding the impact of COVID-19 and delays and price increases involving product components remains unpredictable, and the Company will continue to closely monitor developments.」
The Company reconfirmed its recognition that the situation regarding COVID-19 and delays and price increases involving product components remains unpredictable. - FY2023-Q1RestatedAnnual report
「The situation regarding the impact of COVID-19 and delays and price increases involving product components remains unpredictable, and the Company will continue to closely monitor developments.」
The Company reconfirmed its recognition that the risks associated with COVID-19 and delays and price increases involving product components continue. Meanwhile, customer demand remained relatively firm, and sales in the IoT Business exceeded those in the same period of the previous year. - FY2022Impact continues, IoT sales increaseAnnual report
「The situation surrounding the impact of COVID-19 remains unpredictable, and the Company will continue to closely monitor developments.」
Although the impact of the infection continued and some business negotiations were delayed, semiconductor component supplies were delayed and component prices increased during the fiscal year, sales in the IoT Business exceeded those in the same period of the previous year. - FY2022-Q3Impact continues, IoT sales increaseAnnual report
「During the cumulative third quarter, some business negotiations were delayed and semiconductor component supplies were delayed and component prices increased because of COVID-19. However, customer demand remained relatively firm, and sales in the IoT Business exceeded those in the same period of the previous year.」
Although delays in some business negotiations due to COVID-19, semiconductor component supply delays and increases in component prices continued, customer demand remained firm and sales in the IoT Business exceeded those in the same period of the previous year. - FY2022-Q2MaterialisedAnnual report
「During the cumulative second quarter, negotiations were delayed and semiconductor component supplies were delayed and component prices increased because of COVID-19. However, customer demand remained relatively firm, and sales in the IoT Business exceeded those in the same period of the previous year.」
The Company stated that delays in business negotiations due to COVID-19 had actually occurred. Semiconductor component supply delays and increases in component prices also occurred at the same time. - FY2022-Q1RestatedAnnual report
「The situation surrounding the impact of COVID-19 remains unpredictable, and the Company will continue to closely monitor developments.」
The Company reconfirmed its recognition that the situation regarding the impact of COVID-19 on business activities and orders remains unpredictable. - FY2021MaterialisedAnnual report
「During the fiscal year, customer orders declined or were postponed and new business negotiations were delayed because of COVID-19. Although sales in the IoT Business declined from the same period of the previous year, sales of network-related products increased because of customer demand for telework and remote operations, and sales of general merchandise increased.」
Declines in and postponements of orders and delays in new business negotiations due to the infection actually occurred, and sales in the IoT Business totaled ¥694 million, down 2.5% year on year. Meanwhile, sales of network-related products increased because of demand for telework and remote operations. - FY2021-Q3Component delivery delays resolved, impact on orders continuesAnnual report
「During the cumulative third quarter, customer orders declined or were postponed and new business negotiations were delayed because of COVID-19. Although sales in the IoT Business declined slightly from the same period of the previous year, sales of general merchandise, including network-related products, increased, resulting in an increase in total sales from the same period of the previous year.」
Declines in and postponements of orders and delays in new business negotiations due to COVID-19 continued. Meanwhile, delays in the delivery of product components were resolved sequentially from the third quarter onward, and sales of the IoT series increased year on year. - FY2021-Q2MaterialisedAnnual report
「During the cumulative second quarter, customer orders declined or were postponed and new business negotiations were delayed because of COVID-19. Although sales in the IoT Business declined from the same period of the previous year, sales of general merchandise, including network-related products, increased, resulting in an increase in total sales from the same period of the previous year. In addition, sales and gross profit from the IoT Business included in the above items, comprising microserver products, IoT services and other services, declined from the same period of the previous year. Sales totaled ¥326 million, down ¥32 million, or 9.1%, and gross profit totaled ¥131 million, down ¥15 million, or 10.4%.」
Declines in and postponements of orders and delays in new business negotiations due to COVID-19 continued, and sales in the IoT Business declined 9.1% year on year. - FY2021-Q1MaterialisedAnnual report
「Because of COVID-19, customer orders declined or were postponed and new business negotiations were delayed. Although sales in the IoT Business declined from the same period of the previous year, sales of general merchandise, including network-related products, increased, resulting in an increase in total sales from the same period of the previous year.」
The Company stated that declines in and postponements of customer orders and delays in new business negotiations had actually occurred because of COVID-19, resulting in a year-on-year decline in sales in the IoT Business. - FY2020First statedAnnual report
「From the fourth quarter, COVID-19 began affecting the economy and social life, and the resulting sluggish economic activity became pronounced. The Company implemented measures to prevent the spread of infection, including telework and staggered working hours, but if officers, employees or others associated with the Company become infected, business activities could be temporarily suspended due to the closure of offices or other measures. The effects of the spread of the infection have also gradually emerged in the form of delayed delivery of product components, declines in and postponements of customer orders, and delays in new business negotiations.」
The Company disclosed the impact of COVID-19 as a separate risk for the first time, explaining that delays in component deliveries, declines in and postponements of orders, and delays in new business negotiations were gradually emerging. It stated that the amount of the impact could not be reasonably estimated.