Declining demand and production interruptions due to the spread of COVID-19
First written in FY2020. 6 of 13 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2024.
Kyosha moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
0 other companies' latest entry also says "Softened".
- FY2024SoftenedAnnual report
「In addition, the global spread of infectious diseases, including COVID-19, may affect the supply chain, including by causing production interruptions at our group and its business partners.」
Infectious disease risk itself continues to be described as part of natural disasters, accidents and other risks, but the description has shifted from reporting actual declines in demand and production interruptions caused by the COVID-19 pandemic to a general description of possible future occurrences. - FY2023MaterialisedAnnual report
「The customer’s business had become unstable as economic activity stagnated due to the prolonged COVID-19 pandemic in China. In addition, the renewed spread of infections since the end of last year caused its business conditions to deteriorate rapidly, resulting in intermittent production interruptions and delivery delays.」
The prolonged and renewed spread of COVID-19 in China caused production interruptions and delivery delays at a customer, materially affecting our supply chain, investment securities and collection of receivables. - FY2023-Q3MaterialisedAnnual report
「Our supply chain has been affected by the stagnation of economic activity caused by lockdowns in China and the subsequent rapid spread of COVID-19, including intermittent production interruptions at major customers of Kyosha Hong Kong Co., Ltd. (京写香港), our consolidated subsidiary in Hong Kong, China.」
As a material subsequent event after filing, the company stated that intermittent production interruptions occurred at major customers due to lockdowns in China and other factors, materially affecting our group’s supply chain. An impact on business performance is expected, but an objective estimate is currently difficult to make. - FY2023-Q2RestatedAnnual report
「There were no material changes to the assumptions described in the previous consolidated fiscal year regarding the future spread of COVID-19, the timing of its containment and other matters.」
The accounting assumptions regarding the spread of COVID-19, the timing of its containment and other matters were said to have undergone no material changes from the previous consolidated fiscal year. - FY2023-Q1No material change in assumptions regarding the impact of infectious diseasesAnnual report
「There were no material changes to the assumptions described in the previous consolidated fiscal year regarding the future spread of COVID-19, the timing of its containment and other matters.」
The accounting assumptions regarding the spread of COVID-19, the timing of its containment and other matters were said to have undergone no material changes from the previous consolidated fiscal year. Meanwhile, economic activity in the industry is progressing toward normalization. - FY2022-Q3Demand recovery alongside concerns about a renewed spread of infectionsAnnual report
「During the first 9 months of the fiscal year, the printed circuit board industry in which the Company operates remained subject to uncertainty about the outlook due to concerns over a resurgence of COVID-19 infections, semiconductor shortages and higher prices for key materials. Nevertheless, domestic and overseas demand recovered and conditions remained strong.」
While concerns about a renewed spread of COVID-19 and uncertainty about the outlook remained, demand in Japan and overseas recovered and remained strong. - FY2022-Q2Demand recovery alongside concerns about a renewed spread of infectionsAnnual report
「During the 2nd quarter cumulative consolidated period, the printed wiring board industry to which the Company belongs faced an uncertain outlook due to concerns over a resurgence of COVID-19, semiconductor shortages and rising prices for primary materials and other items. However, demand recovered both in Japan and overseas, and business performed strongly.」
While concerns about a renewed spread of COVID-19 and uncertainty about the outlook remained, demand in Japan and overseas recovered, and overseas revenue returned to pre-pandemic levels. - FY2022-Q1Demand recovery amid continuing impactAnnual report
「During the first quarter of the fiscal year, the printed circuit board industry in which the Company operates remained subject to uncertainty about the outlook, including the prolonged effects of the spread of COVID-19. Nevertheless, demand continued to recover in Japan and overseas, and conditions remained firm.」
While the prolonged impact of the spread of COVID-19 and uncertainty about the outlook continued, demand in Japan and overseas recovered. - FY2021MaterialisedAnnual report
「During the consolidated fiscal year, the printed circuit board industry in which our company operates remained weak in Japan and overseas, particularly in the first half, due to the impact of the spread of COVID-19. From the second half, however, conditions followed a gradual recovery trend in China, Southeast Asia and Japan.」
While weak domestic and overseas demand in the first half due to the COVID-19 pandemic was reflected in the results, a gradual recovery was seen in China, Southeast Asia and Japan from the second half. - FY2021-Q3MaterialisedAnnual report
「During the first 9 months of the fiscal year, demand in Japan and overseas began recovering gradually from the third quarter in the printed circuit board industry in which the Company operates, but the prolonged effects of the COVID-19 pandemic meant that uncertainty about the outlook persisted.」
Although some demand recovered as the impact of the COVID-19 pandemic persisted, the results reflected declining revenue, an operating loss and an ordinary loss, including the effects of weakness in the first half. - FY2021-Q2MaterialisedAnnual report
「During the first half of the fiscal year, the printed circuit board industry in which the Company operates continued to be affected by the spread of COVID-19 both domestically and overseas. Demand remained sluggish due to stagnant economic activity, and uncertainty about the outlook persisted.」
The stagnation of economic activity caused by the COVID-19 pandemic and weak demand in Japan and overseas continued, and were reflected in the results as declining revenue and operating, ordinary and net losses. - FY2021-Q1MaterialisedAnnual report
「During the first quarter of the current consolidated cumulative period, the printed wiring board industry in which we operate was affected by the spread of COVID-19 both in Japan and overseas. Demand stagnated amid a sharp deterioration in economic conditions, and the outlook remained uncertain.」
Weak demand due to the spread of COVID-19 continued in Japan and overseas and was reflected in the results as declining revenue and operating, ordinary and net losses. - FY2020First statedAnnual report
「The global spread of COVID-19 increased the downside risk to economic activity in emerging Asian countries, including China, and demand remained sluggish.」
The spread of COVID-19 was explicitly identified as a new business-environment risk, and the company stated that economic downturns and sluggish demand had already emerged. It also indicated that infectious diseases could cause production interruptions at the group and its business partners.