Risk of stagnant orders and deliveries due to the spread of COVID-19
First written in FY2021-Q1. 4 of 14 entries say "Softened", first in FY2023-Q2. Latest entry: FY2024-Q3.
Minato Holdings moved to the "Worse" side of this theme in 2023, 2 years after the typical company in this theme (2021).
The whole theme swung hardest in 2024: 5 of 21 companies on the "Worse" side.
6 other companies' latest entry also says "Softened".
- FY2024-Q3SoftenedAnnual report
「During the nine-month period ended 31 December, Japan's economy continued to recover as economic activity normalized in line with changes in the social environment, including the reclassification of COVID-19 as a Class 5 infectious disease, private consumption and inbound demand recovered.」
Economic activity normalized and private consumption and inbound demand recovered following the reclassification of COVID-19 as a Class 5 infectious disease, among other factors, and the impact of pandemic-related activity restrictions eased further. - FY2024-Q2SoftenedAnnual report
「During the six-month period ended 30 September, Japan's economy saw normalization of economic activity in line with changes in the social environment, including the reclassification of COVID-19 as a Class 5 infectious disease, and private consumption and corporate activity showed a gradual recovery.」
Economic activity normalized following the reclassification of COVID-19 as a Class 5 infectious disease, among other factors, and private consumption and corporate activity showed a gradual recovery. The impact of pandemic-related activity restrictions was less severe than previously. - FY2024-Q1SoftenedAnnual report
「During the three-month period ended 30 June 2023 (1 April 2023 to 30 June 2023), Japan's economy saw a gradual recovery in private consumption and corporate activity in line with changes in the social environment, including the reclassification of COVID-19 as a Class 5 infectious disease.」
Private consumption and corporate activity showed a gradual recovery following the reclassification of COVID-19 as a Class 5 infectious disease, among other factors, and the impact of pandemic-related activity restrictions was less severe than through the previous period. - FY2023-Q3WorsenedAnnual report
「During the nine-month period ended 31 December 2022 (1 April 2022 to 31 December 2022), Japan's economy remained uncertain amid the resurgence of COVID-19 infections caused by new variants, rapid yen depreciation, and inflation driven by higher raw material prices.」
The resurgence of infections caused by new variants was explicitly identified, and uncertainty over the outlook related to the pandemic continued. - FY2023-Q2SoftenedAnnual report
「During the six-month period ended 30 September, Japan's economy showed signs of a gradual recovery as restrictions on activity related to COVID-19 were eased,」
The easing of activity restrictions related to COVID-19 supported a recovery in the economy, and the impact of activity restrictions was less severe than through the previous period. This does not indicate that the impact of the pandemic had been eliminated. - FY2023-Q1Restrictions were lifted while concerns over a resurgence in infections remainedAnnual report
「Vaccinations effective in preventing COVID-19 progressed nationwide, and the state of emergency and priority preventive measures were lifted, leading to a gradual recovery. However, uncertainty persisted, including concerns over a resurgence in COVID-19 infections as opportunities to go out increased.」
While the economy showed signs of recovery as vaccinations progressed and activity restrictions were lifted, concerns over a resurgence in infections as opportunities to go out increased, as well as uncertainty about the outlook, continued. - FY2022Concerns over a resurgence in infections and constraints on business activity continuedAnnual report
「The business environment is expected to remain uncertain, with concerns over a resurgence in COVID-19 infections, the situation in Ukraine, and sharp increases in raw material prices and transportation costs, among other factors.」
While economic activity showed signs of recovery, uncertainty in the business environment continued due to concerns over a resurgence in infections and higher raw material and transportation costs. - FY2022-Q3Recovery progressed while the semiconductor shortage imposed business-specific constraintsAnnual report
「In our Group's business environment, the global semiconductor shortage continues to support strong customer demand for component procurement, and demand for memory module products continues to rise. In addition, demand for device programmer-related products and touch panel-related products, which had declined in the previous fiscal year due to the impact of the COVID-19 pandemic, has recovered, while projects involving ROM programming services and other businesses in which we have made upfront investments have also remained firm.」
Demand and business performance recovered in memory, device programmers, touch panels and ROM programming services. The impact of COVID-19 has not disappeared uniformly, and business-specific constraints, including the semiconductor shortage, remain. - FY2022-Q2Recovery trends coexisted with business-specific constraintsAnnual report
「In our Group's business environment, the global semiconductor shortage has increased customers' appetite for procuring components, and demand for memory module products continues to rise. In addition, demand for device programmer-related products and touch panel-related products, which had declined in the previous fiscal year due to the impact of the COVID-19 pandemic, has recovered, while ROM programming services and other businesses in which we have made upfront investments have also remained firm.」
Customer appetite for procuring components, memory demand, demand for device programmer and touch panel products, and ROM programming services all showed signs of recovery or remained firm. Meanwhile, business-specific constraints remained in areas such as remote-work devices and contract development. - FY2022-Q1Customer inquiries and capital investment recovered across the businessesAnnual report
「Inquiries from customers, which had declined in the previous fiscal year due to the impact of the COVID-19 pandemic, have also recovered, and both sales and profit exceeded the year-earlier period.」
Customer inquiries, which had declined during the COVID-19 pandemic, recovered, and sales and profit in the memory module business exceeded the year-earlier period. Meanwhile, demand remained weak in the systems development and other businesses, with recovery varying across businesses. - FY2021Orders continued to decline throughout the year, while each business showed signs of recoveryAnnual report
「During the fiscal year, orders continued to decline as customers affected by the spread of COVID-19 reviewed their capital investment plans and sales and marketing opportunities decreased, but conditions in all businesses have been recovering as social and economic activity resumed.」
Although declining orders due to customers reviewing capital investment plans and fewer sales and marketing opportunities continued throughout the year, signs of recovery also emerged as social and economic activity resumed. - FY2021-Q3Orders continued to decline, while some signs of recovery emergedAnnual report
「In the main markets for our Group's existing businesses, the decline in order volumes caused by customers affected by the spread of COVID-19 reviewing their plans and by fewer sales and marketing opportunities has continued, although some signs of recovery have also emerged.」
In the existing businesses, orders continued to decline as customers reviewed their plans and sales and marketing opportunities decreased, while some markets showed signs of recovery. - FY2021-Q2WorsenedAnnual report
「During the six-month period ended 30 September, business conditions resulted in lower revenue, with net sales of ¥5,278 million, down 8.1% year on year, due to a significant decline in sales and marketing opportunities caused by COVID-19 and factors including customers reviewing their plans.」
The significant decline in sales and marketing opportunities caused by COVID-19 and customers' plan revisions continued, resulting in company-wide net sales declining 8.1% year on year. - FY2021-Q1First statedAnnual report
「Some orders and deliveries were delayed due to the impact of customers suspending operations and reviewing their plans in response to the spread of COVID-19 and the declaration of a state of emergency.」
Some orders and deliveries were in fact delayed as customers suspended operations and reviewed their plans in response to the spread of COVID-19 and the state of emergency.