Global Demand Decline and Impact on Sales Due to COVID-19
First written in FY2020. 11 of 16 entries say "Mitigated", first in FY2021-Q3. Latest entry: FY2024.
The whole theme swung hardest in 2020: 111 of 174 companies on the "Worse" side.
56 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「During the fiscal year, economic activity entered a gradual recovery trend as restrictions on movement related to the COVID-19 pandemic were eased.」
Economic activity entered a gradual recovery trend as restrictions related to the pandemic were eased, and the impact of pandemic-related demand weakness continued to ease. - FY2024-Q3MitigatedAnnual report
「During the nine months ended the third quarter, the global economy was affected by an economic slowdown associated with weakness in China's real estate market, prolonged inflation and monetary tightening in Europe and the United States. Nevertheless, economic activity entered a gradual recovery trend as restrictions on movement related to the COVID-19 pandemic were eased.」
Economic activity entered a gradual recovery trend as restrictions on movement related to the COVID-19 pandemic were eased, and the impact of pandemic-related demand weakness continued to ease. - FY2024-Q2MitigatedAnnual report
「During the six months ended the second quarter, the global economy was affected by an economic slowdown associated with weakness in China's real estate market, prolonged inflation and monetary tightening in Europe and the United States. Nevertheless, economic activity entered a gradual recovery trend as restrictions on movement related to the COVID-19 pandemic were eased.」
Economic activity entered a gradual recovery trend as restrictions on movement related to the COVID-19 pandemic were eased, and the impact of pandemic-related demand weakness continued to ease. - FY2024-Q1MitigatedAnnual report
「In Japan, various restrictions related to the COVID-19 pandemic were finally lifted, and the economy recovered, particularly in the services sector. In the automotive industry, production also recovered as semiconductor supply constraints eased.」
The lifting of COVID-19 restrictions and the easing of semiconductor supply constraints supported a recovery in the economy and automotive production. - FY2023-Q3MitigatedAnnual report
「During the nine months ended the third quarter, the global economy saw a recovery in economic activity and personal consumption as restrictions on movement related to the COVID-19 pandemic were eased.」
Economic activity and personal consumption recovered as restrictions on movement related to the COVID-19 pandemic were eased, and the impact of pandemic-related demand weakness has eased from the previous fiscal year. - FY2023-Q2MitigatedAnnual report
「当第２四半期連結累計期間における世界経済は、新型コロナウイルス感染症に対する影響からの経済活動の持ち直しがみられるものの、世界的な金融引き締めの影響による円安相場の加速、ウクライナ情勢に起因する材料・エネルギー価格の高騰など、当社を取り巻く環境は依然として先行き不透明な状況が続いております。」
The Company stated that economic activity was recovering from the impact of the COVID-19 pandemic, indicating that the risk of demand weakening due to the pandemic had eased from the previous fiscal year. Meanwhile, other external factors, including yen depreciation and higher material and energy prices, continued. - FY2023-Q1MitigatedAnnual report
「Revenue from automotive electrical components was ¥4,259 million, up 4.3% year on year, as the four-wheel vehicle market recovered from the sales decline caused by the COVID-19 pandemic.」
Sales of automotive electrical components increased 4.3% year on year as the four-wheel vehicle market recovered from the decline caused by the COVID-19 pandemic. Although the impact of the pandemic remains, its effect on demand has eased. - FY2022Demand recovered, but operating restriction costs continuedAnnual report
「In particular, from July 2021, Vietnam implemented prolonged measures to scale back production, resulting in a situation in which regular deliveries of components to customer companies could not be made for certain items. Although the Company fulfilled its supply responsibilities as a component manufacturer, operating results fell short of the target as expenses accumulated, including the temporary use of air freight to expedite transport from Vietnam, purchases of equipment for alternative production in Japan, India and elsewhere, and personnel hiring costs.」
Although demand recovered, expenses for air freight, alternative production and personnel hiring associated with Vietnam's prolonged production cutbacks were incurred, causing operating results to fall short of the target. - FY2022-Q3Demand recovered, but operating restriction costs were incurredAnnual report
「For the nine months ended the third quarter, revenue was ¥41,083 million, up 34.8% year on year, mainly because sales increased in each segment. Although revenue increased, the Company posted an operating loss of ¥271 million, compared with operating income of ¥219 million in the same period of the previous year, due in part to expenses incurred for alternative production at sites in Japan and elsewhere following the lockdown at the Vietnam plant.」
Revenue recovered as sales increased in each segment, while alternative production costs associated with the lockdown at the Vietnam plant were recorded as an operating loss. Although the impact on demand eased, the effects of the infectious disease on operations and costs continued. - FY2022-Q2MitigatedAnnual report
「For the six months ended the second quarter, revenue was ¥25,987 million, up 46.4% year on year, mainly because sales increased in each segment.」
Although the impact of infectious diseases continued and the Vietnam plant was also forced to suspend operations, revenue increased 46.4% year on year as sales grew in each segment, while the impact of weaker demand on results eased from the previous fiscal year. - FY2022-Q1MitigatedAnnual report
「For the first 3 months of the current fiscal year, sales were ¥13,199 million, up 85.1% year on year, as sales increased in all segments after thorough implementation of COVID-19 countermeasures and efforts to improve operating rates.」
As a result of implementing thorough infection-control measures and working to increase operating capacity, sales rose in each segment, and revenue recovered to an 85.1% year-on-year increase. Although the impact of infectious diseases remains, its effect on results has eased from the first quarter of the previous fiscal year. - FY2021MitigatedAnnual report
「For the fiscal year, results recovered to nearly the previous fiscal year's level, with revenue of ¥45,213 million, down 0.6% year on year, and operating profit of ¥980 million, up 2.1%.」
Although COVID-19 continued to affect sales, full-year sales recovered to a decline of only 0.6% from the previous fiscal year, while operating income increased 2.1%. - FY2021-Q3MitigatedAnnual report
「For the first 9 months of the third quarter of the current fiscal year, sales were ¥30,475 million, down 11.2% year on year, due to lower sales of automotive electrical components and wire harnesses. Operating income was ¥219 million, down 75.0% year on year, ordinary income was ¥355 million, down 66.6%, and net income attributable to owners of the parent was ¥169 million, down 81.4%. In the third quarter, sales exceeded those of the same period of the previous year due to a sharp recovery, enabling the company to emerge from the loss position through the first 6 months of the third quarter.」
Although cumulative sales and profit remained below the same period of the previous year due to the impact of COVID-19, sales recovered sharply in the third quarter, and the company stated that it had emerged from the loss position recorded through the first 6 months. The impact remained, but had eased in the most recent quarter. - FY2021-Q2WorsenedAnnual report
「For the six months ended the second quarter of the current fiscal year, revenue fell 21.7% year on year to ¥17,756 million due to lower sales in all segments. The decline in value added accompanying the revenue decline resulted in an operating loss of ¥376 million, compared with operating profit of ¥598 million in the same period of the previous year, an ordinary loss of ¥275 million, compared with ordinary profit of ¥672 million, and a quarterly net loss attributable to owners of the parent of ¥367 million, compared with quarterly net profit attributable to owners of the parent of ¥632 million.」
COVID-19-related sales declines affected all segments, and sales fell 21.7%. Operating income and other profit figures turned from profits in the same period of the previous year to losses, making the impact on results more concrete. - FY2021-Q1WorsenedAnnual report
「For the first quarter of the current fiscal year, revenue fell 36.5% year on year to ¥7,131 million due to lower sales in all segments. The decline in value added accompanying the revenue decline resulted in an operating loss of ¥523 million, compared with operating profit of ¥322 million in the same period of the previous year, an ordinary loss of ¥489 million, compared with ordinary profit of ¥270 million, and a quarterly net loss attributable to owners of the parent of ¥515 million, compared with quarterly net profit attributable to owners of the parent of ¥343 million.」
COVID-19-related sales declines affected all segments, and sales fell 36.5%. Operating income and other profit figures turned into losses, making the impact on results more concrete than the qualitative description provided in the previous year. - FY2020MaterialisedAnnual report
「Sales of automobiles and motorcycles have declined due to the global demand slowdown caused by the spread of COVID-19, and the company's sales have also been significantly affected. However, it is currently difficult to reasonably calculate the amount of the impact.」
The company explicitly identified for the first time the demand slowdown caused by COVID-19 and declines in automobile and motorcycle sales as an independent risk that had actually affected its sales. It stated that the amount of the impact was difficult to reasonably calculate.