Stalled Shipments to China Due to China's Zero-COVID Policy
First written in FY2022-Q3. 4 of 7 entries say "Mitigated", first in FY2022. Latest entry: FY2024-Q1.
The whole theme swung hardest in 2026: 8 of 11 companies on the "Worse" side.
11 other companies' latest entry also says "Restated".
- FY2024-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material changes were identified in the previously disclosed risks, including shipment delays caused by China's zero-COVID policy. - FY2023MitigatedAnnual report
「Shipments remained firm, mainly because the Chinese market had emerged from the impact of lockdowns and other measures related to the zero-COVID policy in the previous fiscal year,」
It was stated that shipments to China, which had stalled in the previous fiscal year, had recovered after the impact of the zero-COVID policy subsided. - FY2023-Q3MitigatedAnnual report
「Sales in China increased year on year, partly because shipments to China had been delayed by the zero-COVID policy in the same period of the previous year.」
Sales in China exceeded those in the same period of the previous year, partly due to a rebound from the shipment delays caused by the zero-COVID policy in the same period of the previous year. - FY2023-Q2ReframedAnnual report
「The Chinese economy had recently shown weakness due in part to a resurgence of COVID-19 infections, but the end of the zero-COVID policy is expected to lead to continued progress toward economic normalization.」
The end of the zero-COVID policy is expected to support normalization of the Chinese economy, while sales in China during the quarter fell below those in the same period of the previous year due in part to a delayed recovery after the policy ended. - FY2023-Q1MitigatedAnnual report
「Although the effects of continuing strict measures to contain infections remained in some areas, the Chinese economy was recovering from its depressed state as the effects of the lockdowns in Shanghai and elsewhere in the spring largely abated.」
Although some effects of strict infection-control measures remained, the impact of the lockdowns in Shanghai and elsewhere had largely abated, and the Chinese economy was said to be recovering. - FY2022MitigatedAnnual report
「Shipments to China, which had been held up by lockdowns and other factors, were gradually recovering during the consolidated third quarter.」
The stagnation of shipments due to China's zero-COVID policy did occur, but shipments to China were described as being on a gradual recovery trend at the end of the fiscal year. - FY2022-Q3First statedAnnual report
「Shipments to China were held up for approximately 2 months due to the impact of China's zero-COVID policy,」
Shipments to China were in fact suspended for approximately 2 months due to China's zero-COVID policy. Total overseas sales exceeded those in the same period of the previous year, driven by strong demand in the United States.