Restrictions on sales activities and business impact from the spread of COVID-19
First written in FY2021-Q1. 4 of 10 entries say "Restated". Latest entry: FY2024.
Dkk-Toa moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 28 of 54 companies on the "Worse" side.
2 other companies' latest entry also says "Softened".
- FY2024SoftenedAnnual report
「If infectious diseases such as COVID-19 and influenza spread among employees, our group may temporarily suspend operations, potentially affecting its operating results, financial position and other matters. To address these risks, our group has established appropriate management systems for infection prevention and the prevention of further spread.」
The description changed from sales declines caused by past lockdowns to the general risk of suspending operations during an outbreak and the systems for preventing infection. - FY2023-Q3RestatedAnnual report
「In the environmental and process analysis instruments segment, government demand in Japan remained at around the usual level, while private-sector demand maintained a high level of orders against a backdrop of strong demand for semiconductor-related equipment. However, production and shipments were delayed by longer lead times for procuring components, resulting in lower revenue. Overseas, sales to China fell sharply under the impact of China's zero-COVID policy, also resulting in lower revenue.」
China’s zero-COVID policy continued to affect the business, resulting in a substantial decline in sales to China. - FY2023-Q2RestatedAnnual report
「Overseas sales decreased, as sales to China fell sharply after local production was temporarily suspended due to the lockdown in Shanghai, China.」
China’s lockdowns related to COVID-19 continued to affect the business through the suspension of local production and a decline in sales to China. - FY2023-Q1MaterialisedAnnual report
「Overseas sales decreased, as sales to China fell sharply after local production was temporarily suspended due to the lockdown in Shanghai.」
China’s lockdowns related to COVID-19 materialized as specific business impacts, namely the temporary suspension of local production and a decline in sales to China. - FY2022WorsenedAnnual report
「However, because COVID-19 is an event with a broad impact on economic and corporate activity and it is difficult to predict how it will spread or when it will be contained, our group has made accounting estimates concerning the recoverability of deferred tax assets and impairment accounting for fixed assets, among others, based on the assumption that its impact will continue for a certain period during fiscal 2023.」
The assumption was extended to provide that the impact of COVID-19 would continue for a certain period during fiscal 2023. - FY2022-Q3RestatedAnnual report
「There have been no material changes from the previous fiscal year’s annual securities report to the assumptions described under “Part 5 Accounting Status, 1. Consolidated Financial Statements, etc., (1) Consolidated Financial Statements, Notes to Consolidated Financial Statements (Additional Information),” including assumptions concerning the future spread of COVID-19 and the timing of its containment.」
Described no material change from the previous fiscal year in the accounting assumptions concerning the impact of COVID-19. - FY2022-Q1RestatedAnnual report
「There have been no material changes from the previous fiscal year’s annual securities report to the assumptions described under “Part 5 Accounting Status, 1. Consolidated Financial Statements, etc., (1) Consolidated Financial Statements, Notes to Consolidated Financial Statements (Additional Information),” including assumptions concerning the future spread of COVID-19 and the timing of its containment.」
Described no material change from the previous fiscal year in the accounting assumptions concerning the impact of COVID-19. - FY2021-Q3WorsenedAnnual report
「Our group had assumed that the impact would continue for a certain period during fiscal 2021, but based on the recent status of the pandemic, we changed our assumption to one under which the impact would continue for a certain period during fiscal 2022, and made accounting estimates concerning the recoverability of deferred tax assets and impairment accounting for fixed assets, among others.」
Changed the assumption regarding the duration of the impact of COVID-19 from fiscal 2021 to one extending into fiscal 2022. - FY2021-Q2MaterialisedAnnual report
「Similarly, economic activity around the world stagnated and deteriorated rapidly under the impact of the pandemic. Although conditions differed from country to country, economic activity subsequently resumed gradually and signs of a recovery began to emerge, but uncertainty has persisted. Our group also faced difficult conditions as a result of the pandemic, including the continuation of efforts to defer capital investment.」
The stagnation of economic activity, restrained capital investment and declines in sales of medical equipment, industrial gas detectors and alarms, and aftermarket products, among others, resulting from COVID-19 were reflected in actual business performance. - FY2021-Q1First statedAnnual report
「Overseas operations remained sluggish overall, as sales activities were severely restricted by the spread of COVID-19. As a result, revenue in this segment fell 17.0% year on year.」
Described the spread of COVID-19 as a new risk, leading to restrictions on sales activities, sluggish overseas sales, and a 17.0% year-on-year decline in sales in the environmental and process analysis equipment business.