Impact of COVID-19 on operations, procurement and demand
First written in FY2020. 5 of 10 entries say "Mitigated", first in FY2021-Q2. Latest entry: FY2023.
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- FY2023ReframedAnnual report
「If an unexpected natural disaster, war, terrorist attack, infectious disease or other event occurs in an area where our group or major business partners are located, business activities such as production, procurement and sales may be affected by stagnation or interruption.」
The disclosure was reorganized from descriptions of specific impacts centered on COVID-19 into a comprehensive business continuity risk covering natural disasters, wars, terrorist attacks, infectious diseases and other events. - FY2022MitigatedAnnual report
「Demand at our group had been trending toward recovery since the second half of the previous consolidated fiscal year. Taking into account the expectation that demand in the global automotive industry would generally continue to recover, we made accounting estimates, including impairment accounting for fixed assets and the recoverability of deferred tax assets.」
Although uncertainty due to COVID-19 remained, accounting estimates were made on the assumption that the recovery in demand would continue. - FY2022-Q3RestatedAnnual report
「During the third quarter of the current consolidated cumulative period, although the outlook for the global economy remained uncertain due to COVID-19, demand at our group had been trending toward recovery since the second half of the previous consolidated fiscal year.」
The explanation that, while uncertainty regarding the outlook due to COVID-19 remained, demand had been trending toward recovery since the second half of the previous fiscal year continued to be provided. - FY2022-Q2MitigatedAnnual report
「During the second quarter of the current consolidated cumulative period, although the outlook for the global economy remained uncertain due to COVID-19, demand at our group had been trending toward recovery since the second half of the previous consolidated fiscal year.」
While uncertainty regarding the outlook due to COVID-19 remained, it continued to be stated that demand had been trending toward recovery since the second half of the previous fiscal year. - FY2022-Q1MitigatedAnnual report
「During the first quarter of the current consolidated cumulative period, although the outlook for the global economy remained uncertain due to COVID-19, demand at our group had been trending toward recovery since the second half of the previous consolidated fiscal year. Taking into account the expectation that demand in the global automotive industry would generally continue to recover, we made accounting estimates, including impairment accounting for fixed assets and the recoverability of deferred tax assets.」
While uncertainty regarding the outlook due to COVID-19 remained, demand had been trending toward recovery since the second half of the previous fiscal year, and accounting estimates were made on the assumption that the automotive industry would continue to recover. - FY2021RestatedAnnual report
「On the other hand, demand has gradually begun to recover as economic activity resumes, and all of our group's plants have been operating normally to date. However, it remains difficult to reasonably predict the impact of COVID-19 on our group due to the renewed spread of infections in Japan and overseas.」
While normal operations at all plants and the recovery in demand were noted, the uncertainty that the impact could not reasonably be predicted due to a renewed spread of infections in Japan and overseas continued to be disclosed. - FY2021-Q3MitigatedAnnual report
「On the other hand, demand has gradually begun to recover as economic activity resumes, and all of our group's plants have been operating normally to date.」
It was stated that demand was gradually recovering as economic activity resumed and all plants were operating normally. The wording regarding the operational impact of COVID-19 improved, while uncertainty from a renewed spread of infections continued separately. - FY2021-Q2MitigatedAnnual report
「Although it is difficult to reasonably predict the impact of COVID-19 on our group, we have made accounting estimates, including impairment accounting for fixed assets and the recoverability of deferred tax assets, based on the assumption of a generally recovery from the second half onward, taking into account external information such as recent order trends and the outlook for automakers' performance.」
Although the deterioration in performance and uncertainty caused by COVID-19 continued, all plants were operating normally, and the company shifted to accounting estimates based on the assumption of a general recovery from the second half onward. Uncertainty regarding the future impact remains. - FY2021-Q1MaterialisedAnnual report
「However, the Group was affected by the stagnation of global economic activity triggered by the spread of COVID-19 and measures such as restrictions on movement in various parts of the world.」
The stagnation of global economic activity triggered by the spread of COVID-19 and restrictions on movement materialized during the quarter as an impact on business performance, including lower revenue and an operating loss. - FY2020First statedAnnual report
「Our group was affected by plant shutdowns and delays in procuring materials due to the spread of COVID-19 and measures such as restrictions on movement around the world. All sites are currently operating, and we have established a structure that enables us to maintain our supply system. However, there is currently no clear prospect of the pandemic ending worldwide, and supply chains may again become disrupted.」
Plant shutdowns and delays in procuring materials due to COVID-19 had already occurred, and the potential impact on business performance from renewed supply chain disruptions and declining automotive demand was recorded as a separate risk for the first time.