Impact of the Spread of COVID-19 on Demand, Operations and the Supply Chain
First written in FY2020. 4 of 13 entries say "Materialised", first in FY2020. Latest entry: FY2024.
Nitto Denko moved to the "Worse" side of this theme in 2023, 3 years after the typical company in this theme (2020).
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
「In addition, no revenue was recognised during the fiscal year under review from nucleic acid adjuvants for COVID-19 vaccines.」
No revenue was recognised from demand for COVID-19 vaccines during the year, indicating that conditions had receded from the previous phase of expanding demand. - FY2023MaterialisedAnnual report
「In fiscal 2022, the number of cases within the Group rose sharply and operations were suspended at the government's direction, but we responded in line with our business continuity plan, including infection-control measures and alternative production, thereby minimising the impact on production.」
Although the number of COVID-19 cases within the Group rose sharply and operations were suspended at the government's direction in fiscal 2022, the impact was contained through infection-control measures and alternative production. - FY2023-Q2MitigatedAnnual report
「In the first quarter of the fiscal year, our Group sites experienced production constraints due to the impact of lockdowns in Chinese cities caused by the spread of COVID-19. Following the lifting of the lockdowns, production and shipments recovered rapidly through the second quarter.」
Production constraints caused by lockdowns in China actually occurred, while production and shipments recovered rapidly through the second quarter after the lockdowns were lifted. - FY2023-Q1MaterialisedAnnual report
「Production of optical films for smartphones, notebook PCs and tablets was constrained at the Group's sites in China due to lockdowns associated with the spread of COVID-19.」
Production constraints at sites in China caused by COVID-19 occurred again during the quarter. We are working to maintain supplies while taking measures including alternative production. - FY2022Recovery alongside supply constraintsAnnual report
「During the current consolidated fiscal year, the economy remained on a recovery trend as progress was made in balancing infection control and economic activity through vaccine distribution and economic support measures in each country in response to the successive emergence of COVID-19 variants. However, more recently, uncertainty in the global economy has increased further amid additional rises in raw material prices triggered by Russia’s invasion of Ukraine, supply chain disruptions and the rapid depreciation of the yen.」
Described a situation in which the economy was recovering from the impact of COVID-19 while variants, conflict-related increases in raw material prices, supply chain disruptions and yen depreciation persisted. - FY2022-Q3Recovery alongside concerns about variants and inflationAnnual report
「During the nine-month period ended the third quarter (1 April 2021 to 31 December 2021), the recovery from the impact of COVID-19 progressed, while the yen remained weaker in the foreign exchange market than initially expected. At the same time, shortages of semiconductor materials and surging raw material prices were observed. More recently, uncertainty about the economic outlook has increased due to the spread of variants and concerns about persistently high inflation in the United States.」
Described a situation in which the economy was recovering from the impact of COVID-19 while uncertainty was increasing due to the spread of variants and other factors. - FY2022-Q2Recovery alongside the risk of renewed infection spreadAnnual report
「During the six-month period ended the second quarter, economic activity resumed as COVID-19 vaccines became more widely available. At the same time, the spread of variants, shortages of semiconductor materials and surging raw material prices were observed, and uncertainty about the outlook continued.」
Updated the current status of the impact of COVID-19 as a situation in which the resumption of economic activity driven by vaccine distribution coexists with uncertainty caused by the spread of variants and other factors. - FY2022-Q1MitigatedAnnual report
「During the three-month period ended the first quarter (1 April 2021 to 30 June 2021), the global economy continued to recover, although the pace differed between countries, due to the wider availability of vaccines against COVID-19 and the expansion of economic support measures.」
Despite the impact of COVID-19, the global economic recovery progressed as vaccine distribution expanded and economic support measures broadened. Demand recovered in multiple markets, but the disclosure did not state that the impact of the disease had disappeared. - FY2021WorsenedAnnual report
「At the same time, the economic outlook remains highly uncertain due to risks including the spread of more virulent and transmissible variants, delays in vaccine distribution, and the reintroduction of measures restricting economic activity to prevent the spread of infection.」
Specified variants, delays in vaccine distribution and the reintroduction of restrictions on economic activity as new assumed risks related to COVID-19. - FY2021-Q3Divergence in demand under COVID-19Annual report
「Across industries, there was “demand that will not return,” while market conditions recovered from the summer onward, although the pace varied, resulting in “demand that will return.” In addition, as lifestyles changed under the impact of COVID-19, “growing demand” emerged.」
Described market conditions under COVID-19 by dividing demand into demand that would not recover, demand that would recover from the summer onward, and demand that would newly grow as lifestyles changed. - FY2021-Q2Resumption of operations and continued demand impactAnnual report
「Regarding the impact of COVID-19 on the Nitto Group, some overseas group sites suspended operations for a certain period in accordance with instructions from national and local governments, but all were operating as of the end of September 2020.」
Although temporary operating shutdowns occurred at overseas sites due to COVID-19, all sites were operating as of the end of September. Meanwhile, weak demand continued to affect multiple markets. - FY2021-Q1MaterialisedAnnual report
「Business results: During the first quarter of the current consolidated cumulative period, from 1 April 2020 to 30 June 2020, the economic environment deteriorated rapidly and substantially due to the global spread of the novel coronavirus disease (COVID-19).」
The deterioration in the economic environment caused by the global spread of COVID-19 continued during the quarter, affecting demand and projects in multiple markets, including automobiles, smartphones and membranes. - FY2020MaterialisedAnnual report
「The Group operates in an environment with many issues to address, including geopolitical risks such as US-China trade friction, concerns about a global economic downturn stemming from the emergence of COVID-19, and changes in society associated with the pandemic.」
Identified COVID-19 as a standalone business-environment issue and described potential economic downturn, operating shutdowns, logistics disruptions, impacts on customers and suppliers, and possible clinical trial delays.