The Impact of COVID-19 on Demand, Production and the Supply Chain
First written in FY2020. 5 of 15 entries say "Mitigated", first in FY2023-Q2. Latest entry: FY2024.
Geomatec 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 2025: 5 of 16 companies on the "Worse" side.
9 other companies' latest entry also says "Softened".
- FY2024SoftenedAnnual report
「Although COVID-19 is subsiding and its impact on the company is considered limited, the emergence and spread of a new infectious disease in the future could have a material impact on the company's operating results and financial position.」
While the company assesses the impact of COVID-19 itself as limited, as the disease is gradually coming under control, it has shifted the main risk to the emergence and spread of new infectious diseases. - FY2024-Q2MitigatedAnnual report
「During the six months ended in the second quarter, Japan's economy saw further easing of restrictions related to COVID-19, with signs of an economic recovery such as increased demand for services and a recovery in inbound demand, although」
The disclosure states that economic conditions are recovering, as restrictions related to COVID-19 have been eased further and demand for services and inbound tourism has recovered. - FY2024-Q1MitigatedAnnual report
「Although economic activity normalized and signs of an economic recovery emerged following the reclassification of COVID-19 under the Infectious Diseases Control Law to Category 5,」
The company states that the transition of COVID-19 to Category 5 under the Infectious Diseases Control Law led to the normalization of economic activity and signs of an economic recovery. - FY2023MitigatedAnnual report
「During the fiscal year, Japan's economy showed signs of returning to normal as economic activity recovered with the easing of restrictions on behavior related to COVID-19, although」
The company describes the easing of activity restrictions related to COVID-19 and progress toward normalization of economic activity. Meanwhile, prolonged restrictions, new infectious diseases, and shutdowns of operations or shipments remain residual risks. - FY2023-Q3MitigatedAnnual report
「During the cumulative third quarter, Japan's economy showed signs of recovery as restrictions on activity related to COVID-19 were eased, although」
The company states that the easing of restrictions on movement related to COVID-19 led to signs of an economic recovery. However, uncertainty caused by other external factors remains. - FY2023-Q2MitigatedAnnual report
「Although the severe conditions caused by COVID-19 gradually eased and signs of recovery emerged,」
It states that the severity of the economic and business environment caused by COVID-19 gradually eased. Meanwhile, uncertainty due to other external factors remains. - FY2023-Q1Updated the impact of the easing of infectious-disease effects and supply-chain disruptionsAnnual report
「Although the severe conditions caused by the COVID-19 pandemic gradually eased and signs of a recovery emerged, energy prices surged as the situation in Ukraine worsened, while China's zero-COVID policy disrupted supply chains,」
While economic conditions related to the pandemic were said to have gradually eased, disruptions to supply chains resulting from China’s zero-COVID policy were cited as a new factor affecting business conditions. - FY2022RestatedAnnual report
「The impact of COVID-19 on the Group is considered limited. However, if the situation continues for an extended period or infections spread further, it could have a material impact on the Group's results and financial condition. In addition, if Group employees become infected, resulting in the suspension of factory operations or shipments, this could have a material impact on the Group's results and financial condition.」
While assessing the impact at this point as limited, the company is reaffirming prolonged disruption, further spread of infection, and plant and shipping stoppages as residual risks. - FY2022-Q3RestatedAnnual report
「The outlook remains uncertain, owing to the prolonged shortage of semiconductor supplies and surge in raw material prices, as well as the global spread of new variants of COVID-19.」
The company has reconfirmed the external environment of continued global spread of new COVID-19 variants, semiconductor shortages and rising raw material prices. - FY2022-Q2Updated the impact of the supply chain disruption caused by the spread of variants.Annual report
「The outlook remains uncertain, as disruptions to supply chains caused by the spread of new variants and semiconductor shortages continue.」
The Company identifies supply chain disruptions associated with the spread of COVID-19 variants as a source of uncertainty in the external environment. - FY2021SoftenedAnnual report
「The impact of COVID-19 on the Group is considered limited, but if the situation continues for an extended period or infections spread further, it could have a material impact on the Group's business performance and financial position.」
Based on past results, including declines in orders and production stoppages, the company assessed the future impact as limited as of the fiscal year-end, while identifying prolonged conditions and renewed expansion as remaining risks. - FY2021-Q3MaterialisedAnnual report
「In the smartphone and automotive markets related to our main products, smartphones struggled due to the impact of COVID-19 and US-China tensions, while automotive applications continued to perform well.」
While the impact of COVID-19 continues to be reflected in weak demand for smartphones, the Company states that automotive applications are performing well. - FY2021-Q2MaterialisedAnnual report
「Orders for prototypes and other products declined due to the impact of COVID-19, but other products generally remained stable.」
The decline in orders for prototypes and other work involving Other products actually occurred due to the impact of COVID-19. Meanwhile, it is stated that Other products as a whole remained generally stable. - FY2021-Q1MaterialisedAnnual report
「Against this backdrop, the first quarter of 2020 (January to March) at the company's Chinese subsidiary coincided with a period of temporary production suspensions and production cutbacks to prevent the spread of infectious disease, and conditions remained extremely difficult.」
Temporary production stoppages and production cuts due to COVID-19 occurred at the Chinese subsidiary, and an impact on orders in Japan was also disclosed. For accounting purposes, estimates were made on the assumption that the impact would continue through the first half of the fiscal year. - FY2020First statedAnnual report
「As corporate and consumer activity stagnated due to the spread of COVID-19, the impact on the Group emerged at the Chinese subsidiary from February 2020 in the form of lower orders due to operating adjustments by customers, delays in the supply of materials and other factors. In Japan, there was initially little impact, but a decline in orders has gradually begun to emerge.」
Regarding COVID-19, the Company disclosed for the first time that it was an independent risk. Since February 2020, the Chinese subsidiary has experienced lower orders, delays in the supply of materials and an impact on production activities, while a decline in orders has begun to emerge in Japan as well.