Business interruptions caused by natural disasters, accidents and infectious diseases
First written in FY2016. 4 of 14 entries say "Materialised", first in FY2019-Q2. Latest entry: FY2024-Q1.
The whole theme swung hardest in 2020: 67 of 114 companies on the "Worse" side.
- FY2024-Q1MitigatedAnnual report
「COVID-19, which began in 2020, is largely moving toward containment, and attention worldwide is focused on normalising social and economic activity. Production constraints caused by shortages of semiconductors and other parts are also easing, and vehicle production is increasing in various regions.」
It was explained that the impact of the infectious disease on operating and demand conditions is easing as the disease moves largely toward containment and social and economic activity returns to normal. Improvement is also evident in production constraints caused by parts supply shortages. - FY2023-Q3MitigatedAnnual report
「Three years have passed since the spread of COVID-19 began, and, together with the rising vaccination rate, it finally appears to be moving toward containment. Restrictions on activities in countries including Japan have also been eased in stages.」
It was stated that the impact of the infectious disease on operating and demand conditions is moving toward containment as vaccination rates rise and activity restrictions are eased in various countries. - FY2023-Q1MaterialisedAnnual report
「Our company was also affected by semiconductor shortages and parts shortages caused by the Shanghai lockdown, particularly for the 'Xpander,' 'Triton' and 'Pajero Sport,' which are our core sales models.」
The impact of the Shanghai lockdown associated with the infectious disease became evident in the production and sales of major models through parts shortages. - FY2022-Q3RestatedAnnual report
「Japan's total automotive demand has been slow to recover due to vehicle supply shortages caused by semiconductor-related disruptions and the resurgence of COVID-19.」
The delay in demand recovery due to the resurgence of infectious diseases continues to be noted, and the impact of natural disasters and infectious diseases on the business environment persists. - FY2022-Q2RestatedAnnual report
「Australia and New Zealand, our core regions, also introduced lockdowns again this summer due to the resurgence of COVID-19, as in ASEAN. However, their automotive markets remained firm, and we steadily increased our sales share.」
It was reconfirmed that lockdowns associated with the resurgence of infections continued in ASEAN and Australia and New Zealand. Meanwhile, it was stated that markets in Australia and New Zealand remained firm and that sales share increased. - FY2022-Q1RestatedAnnual report
「The operating environment remained extremely challenging during the cumulative first-quarter period, amid intermittent lockdowns, mainly in ASEAN countries, due to the resurgence of COVID-19 and tight supply and demand caused by semiconductor shortages.」
The resurgence of infectious diseases and lockdowns, mainly in ASEAN countries, continued, and the challenging operating and demand environment was again described. Meanwhile, quarterly results improved from the same period of the previous fiscal year. - FY2021-Q3WorsenedAnnual report
「We suspended operations following government orders and other measures to suspend operations at factories located where our plants manufacturing core components are based, in order to prevent the spread of COVID-19. Similarly, our Philippine subsidiary suspended operations following government orders and other measures to suspend factory operations to prevent the spread of COVID-19. We recorded ¥2.271 billion in deterioration of operating costs, including fixed costs, during the respective suspension periods, as well as directly incurred additional expenses.」
Factory shutdowns due to infectious disease and the associated costs continued, with COVID-19-related losses increasing from none in the same period of the previous fiscal year to ¥2.271 billion. - FY2021-Q2MaterialisedAnnual report
「We suspended operations following government orders and other measures to suspend operations at factories located where our plants manufacturing core components are based, in order to prevent the spread of COVID-19. Similarly, our Philippine subsidiary suspended operations following government orders and other measures to suspend factory operations to prevent the spread of COVID-19. We recorded ¥2.065 billion in deterioration of operating costs, including fixed costs, during the respective suspension periods, as well as directly incurred additional expenses.」
Infectious-disease risk materialized in the suspension of operations at factories manufacturing core components and at the Philippine subsidiary, with ¥2.065 billion in higher operating costs and additional expenses recorded. - FY2021-Q1WorsenedAnnual report
「The impact of restrictions on economic activity, such as lockdowns and stay-at-home orders, on automotive demand was severe, and conditions remained difficult even after the restrictions were eased. As a result, global sales for the cumulative first-quarter period fell sharply to 139 thousand units, down 159 thousand units, or 53%, year on year.」
The impact of operational and demand risks from COVID-19 was reflected in first-quarter results as a 53% decline in global sales, a 57% decrease in net sales, and an operating loss of ¥53.3 billion. - FY2020MaterialisedAnnual report
「The sharp decline in sales volumes caused by the spread of COVID-19 far exceeded our expectations, and, together with the deterioration in foreign exchange rates from the previous consolidated fiscal year and other factors, resulted in consolidated net sales of ¥2,270.3 billion, down ¥244.3 billion, or 10%, year on year, and operating profit of ¥12.8 billion, down ¥99.0 billion, or 89%, resulting in lower revenue and lower profit for the fiscal year.」
Infectious-disease risk was reflected in actual results as a sharp decline in sales, a 10% decrease in net sales, and an 89% decrease in operating profit. - FY2019WorsenedAnnual report
「Losses from disasters 2,216」
Losses associated with natural disasters and other events totaled ¥2.216 billion in the current fiscal year, quantifying an actual financial impact compared with no losses recorded in the previous fiscal year. - FY2019-Q3WorsenedAnnual report
「Losses from disasters 2,012」
Losses associated with natural disasters and other events totaled ¥2.012 billion for the cumulative third-quarter period, up from ¥1.678 billion in the cumulative previous quarter. The financial impact of disaster risk continued to materialize. - FY2019-Q2MaterialisedAnnual report
「Losses from disasters 1,678」
An extraordinary loss of ¥1.678 billion from disasters was recorded for the cumulative second-quarter period, indicating that losses associated with natural disasters and other events had actually arisen. - FY2016First statedAnnual report
「We have facilities, including manufacturing sites, in Japan and elsewhere around the world. Natural disasters such as major earthquakes, typhoons, and floods, accidents such as fires, or outbreaks of infectious diseases at those locations could cause serious disruptions, including interruptions to the operations of the Group or its business partners.」
Natural disasters, accidents, and infectious diseases that could lead to the shutdown of domestic and overseas manufacturing sites and business partners' operations are identified as risks.