Business, Supply and Competitiveness Risks from the Spread of COVID-19
First written in FY2020. 4 of 14 entries say "Worsened", first in FY2021. Latest entry: FY2024-Q3.
The whole theme swung hardest in 2020: 102 of 175 companies on the "Worse" side.
- FY2024-Q3SoftenedAnnual report
「During the cumulative third quarter of the current fiscal year, social and economic activity moved toward normalisation as COVID-19 subsided, and the economy followed a gradual recovery trend.」
The impact of restrictions on economic activity caused by COVID-19 receded, and the normalisation of social and economic activity and a gradual recovery trend were reported. - FY2024-Q2SoftenedAnnual report
「During the cumulative second quarter of the current fiscal year, economic activity moved toward normalisation as COVID-19 subsided, while automobile production and inbound demand recovered with the easing of semiconductor shortages.」
The impact of restrictions on economic activity caused by COVID-19 receded, and the normalisation of economic activity and easing of semiconductor shortages were cited. Other external-environment risks, however, continued. - FY2023-Q3WorsenedAnnual report
「In Japan as well, the outlook for the economy remained uncertain due in part to the partial stagnation of economic activity caused by the renewed spread of COVID-19.」
The partial stagnation of domestic economic activity caused by the renewed spread of the infectious disease was cited as an actual economic condition, and uncertainty over infectious-disease risks intensified again. - FY2023-Q2Easing restrictions and economic normalisation coexisted with price and foreign-exchange risks.Annual report
「During the cumulative second quarter of the current fiscal year, restrictions on activity related to COVID-19 were eased and economic activity moved toward normalisation, while the outlook for the economy remained uncertain due to soaring raw-material and energy prices resulting from the prolonged Russia-Ukraine situation and concerns about financial markets caused by sharp exchange-rate fluctuations.」
While restrictions related to the infectious disease were eased and the economy moved toward normalisation, uncertainty from higher raw-material and energy prices and exchange-rate fluctuations continued. - FY2023-Q1WorsenedAnnual report
「The outlook for the economy remained uncertain due to concerns about further rises in raw material and energy prices caused by the prolonged Russia-Ukraine situation, anxiety over financial markets resulting from sharp foreign exchange fluctuations, and the possible renewed spread of infectious diseases.」
The report continues to cite concerns over a renewed spread of infectious-disease risks related to COVID-19, alongside uncertainty from resource prices and exchange-rate fluctuations. - FY2022Recovery trends and supply-constraint risks coexisted.Annual report
「While the spread of COVID-19 continued, restrictions on economic activity were gradually eased and the economy followed a recovery trend. However, soaring raw-material, energy and logistics costs driven by the Russia-Ukraine situation have accelerated, leaving the outlook uncertain.」
While easing restrictions on economic activity led to a recovery trend despite the infectious disease, new uncertainty from geopolitical conditions and higher resource and logistics costs persisted. - FY2022-Q3WorsenedAnnual report
「During the nine-month period ended at the third quarter, the economic environment progressed amid a slowdown in the pace of recovery due to the impact of global semiconductor shortages on production and the spread of COVID-19 variants.」
The economic recovery continued to slow due to the spread of infectious-disease variants and semiconductor supply shortages. The report also states that EV contacts were affected by semiconductor supply shortages. - FY2022-Q2Recovery trends and the impact of semiconductor shortages coexisted.Annual report
「During the cumulative second quarter of the current fiscal year, economic conditions followed a recovery trend, mainly in Europe and the United States, as economic activity resumed in each country with the progress of COVID-19 vaccinations. Contacts for EVs posted higher sales, although demand slowed slightly due to the impact of slower automobile production caused by semiconductor shortages.」
While economic activity resumed and followed a recovery trend as vaccinations progressed, slower automobile production due to semiconductor shortages emerged as a factor weakening demand for EV contacts. - FY2022-Q1The impact of the infectious disease varied by business.Annual report
「During the cumulative first quarter of the current fiscal year, economic conditions remained uncertain, although economic activity gradually resumed, mainly in Europe and the United States, and signs of recovery emerged from the global economic downturn caused by COVID-19. In Japan, capital investment showed signs of recovery, but concerns over the spread of variant viruses persisted.」
While the resumption of economic activity has brought signs of recovery, uncertainty about the outlook remains due to concerns over variant viruses. - FY2021WorsenedAnnual report
「The timing of the end of COVID-19 remains uncertain due to vaccination trends in various countries and the spread of variants. However, the Group generally expects it to be by the end of the following fiscal year, or the end of March 2022.」
The timing of the containment of the infectious disease remains uncertain due to vaccination rates and variants, with the assumption that it will be contained by the end of the following fiscal year. - FY2021-Q3MaterialisedAnnual report
「In the Group's priority markets, demand in the automotive market for automotive and power distribution equipment recovered sharply in the third quarter as automotive production recovered.」
Although automotive-related demand recovered sharply in the third quarter while the effects of COVID-19 continued, the downturn in the hygiene and medical markets and the Company-wide decline in revenue continued to affect actual results. - FY2021-Q2MaterialisedAnnual report
「Although automotive production has been recovering since the latter half of the second quarter, resistance welding electrodes for automotive electrical components and EV contacts experienced lower revenue because the COVID-19-driven sharp decline in global vehicle sales had a significant impact.」
The decline in global vehicle sales caused by COVID-19 continued to materialize as lower revenue from resistance welding electrodes and EV contacts. - FY2021-Q1MaterialisedAnnual report
「In the Group's priority markets, the semiconductor and electronic components market remained firm, but the automotive market was significantly affected by COVID-19 and remained sluggish. The hygiene and medical markets also experienced lower sales, particularly the hygiene market. As a result, sales fell 11.3% year on year to ¥2,495 million.」
The downturn in the automotive and hygiene markets caused by COVID-19 materialized, with Company-wide net sales decreasing 11.3% year on year. - FY2020First statedAnnual report
「If COVID-19 or other infectious diseases were to spread or persist beyond expectations, the Group's target markets could stagnate and sales could decline, procurement of raw materials and other items could become difficult, and the Group's operations could be suspended due to employee infections. Over the medium to long term, the Group could also lose competitiveness if it is unable to respond to changes in demand and markets in the With-COVID-19 and new-normal era, which could affect its business performance and financial condition.」
The spread and prolongation of COVID-19 were disclosed separately as new risks, including market stagnation, procurement difficulties, business suspension due to employee infections, and delays in responding to changes in demand.