Risk of business activity disruption caused by COVID-19 and the pandemic
First written in FY2020. 6 of 12 entries say "Restated". Latest entry: FY2024-Q1.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024-Q1MitigatedAnnual report
「With COVID-19 reclassified as a Class 5 disease, domestic economic and social activity has recovered further.」
The company explains that domestic economic and social activity recovered further following the reclassification of COVID-19 as a Class 5 disease. The risk of business activity being disrupted by the pandemic in Japan has eased further. - FY2023Easing of activity restrictions alongside a slowdown in Chinese demandAnnual report
「During the consolidated fiscal year under review, Japan's economy saw activity restrictions related to COVID-19 gradually eased, with progress toward the normalization of economic activity.」
While Japan saw the easing of activity restrictions and signs of economic normalization, China experienced an economic downturn and declining revenue under its zero-COVID policy, and the impact of the pandemic persisted with regional differences. - FY2023-Q1RestatedAnnual report
「China, the Group's main market, recorded lower revenue due to the impact of lockdowns.」
Although infections were declining globally and economic activity was moving toward normalization, lockdowns in China appeared as lower revenue in the semiconductor business, and the impact of COVID-19 on business activities remained. - FY2022MaterialisedAnnual report
「Lockdowns in some regions of China due to COVID-19 toward the end of the fiscal year caused disruptions to logistics and production at the Group as well.」
Lockdowns in China actually caused disruptions to logistics and production, and the impact of the COVID-19 risk became concrete. - FY2022-Q3RestatedAnnual report
「The nine months ended Q3 remained difficult amid the impact of COVID-19, including the declaration of states of emergency. Although economic recovery was beginning as vaccination rates increased, concerns arose over a renewed spread of infections due to the emergence of new variants.」
Although economic recovery was beginning as vaccinations progressed, concerns arose over a renewed spread of infections due to new variants, and uncertainty in the business environment due to COVID-19 continued. - FY2022-Q2RestatedAnnual report
「The six months ended Q2 remained difficult, as the resurgence of COVID-19 led to the continued implementation of states of emergency and priority preventive measures to prevent the spread of disease.」
The resurgence of COVID-19, states of emergency and priority preventive measures to prevent the spread of disease continued to affect the business environment. Meanwhile, the disclosures also indicated expectations for normalization as vaccination spread and capital investment recovered. - FY2022-Q1RestatedAnnual report
「The spread of COVID-19 has affected the Group's results through customers postponing capital investment and deferring replacements and other actions. However, accounting estimates are being made on the assumption that there will be no new material restrictions on corporate activities due to COVID-19.」
Customers' postponement of capital investment and deferral of replacements due to COVID-19 have continued to affect results. Meanwhile, accounting estimates are being made on the assumption that there will be no new material restrictions on corporate activities. - FY2021RestatedAnnual report
「The global economy during the consolidated fiscal year was severely affected by COVID-19, which became a factor hindering economic growth in countries worldwide.」
The global spread of COVID-19 continued to affect economic growth, capital investment, operating activities and customers' production activities. - FY2021-Q3RestatedAnnual report
「During the nine months ended Q3, Japan's economy remained in a difficult and uncertain environment, as the nationwide spread of COVID-19 led to a state of emergency being declared in Japan and lockdowns and other measures being implemented overseas.」
Uncertainty about the economy due to the global spread of COVID-19, Japan's state of emergency and overseas lockdowns has continued. The Company explicitly stated that there had been no material changes in business and other risks. - FY2021-Q2WorsenedAnnual report
「Capital spending by the manufacturing sector, which affects the group's business, was being postponed or suspended due to the slowdown in overseas economies and uncertainty about the outlook resulting from the effects of COVID-19, and a broad-based slowdown in demand became pronounced.」
Due to COVID-19 and the slowdown in overseas economies, customers continued to postpone or suspend capital investment and demand remained slow. The impact of the risk of business activity stagnation due to COVID-19 spread into the second quarter as well. - FY2021-Q1WorsenedAnnual report
「As a result, for the cumulative first quarter of the current consolidated fiscal period, revenue was ¥4,206 million, down 28.5% year on year, due to a decrease in orders during the previous fourth quarter that would have generated revenue in the current first quarter, delays in deliveries and other factors arising from COVID-19 and other causes. Operating loss was ¥62 million, compared with operating profit of ¥139 million in the same quarter of the previous year. Ordinary loss was ¥44 million, compared with ordinary profit of ¥115 million, and the quarterly net loss attributable to owners of the parent was ¥119 million, compared with net profit of ¥70 million.」
In addition to fewer orders and delayed deliveries due to COVID-19, restrictions on overseas sales activities and the impact on customers' production and capital investment continued. Revenue decreased 28.5% year on year, and operating income turned into a loss from a profit. - FY2020MaterialisedAnnual report
「COVID-19, which emerged in the second half of the fiscal year, cast a shadow over economic activity worldwide, while there was still no clear prospect of containment, further increasing uncertainty about the outlook.」
The impact of COVID-19 on economic activity actually emerged in the form of constraints on operating activities, customers suspending production, impacts on overseas factory operations and parts procurement, and shipment delays.