Demand and production disruptions caused by COVID-19
First written in FY2020. 4 of 11 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2024.
Musashi Seimitsu Industry moved to the "Worse" side of this theme in 2020, 4 years before the typical company in this theme (2024).
The whole theme swung hardest in 2024: 4 of 10 companies on the "Worse" side.
1 other company's latest entry also says "Softened".
- FY2024SoftenedAnnual report
「If restrictions on economic activity are prolonged due to a sudden spread of an infectious disease such as COVID-19, business activities may be disrupted.」
The description has been softened from the ongoing actual effects of COVID-19 to a general risk of infectious diseases that could occur in the future. - FY2023-Q2WorsenedAnnual report
「Difficult conditions continued, including the effects of lockdowns in Chinese cities in response to the COVID-19 pandemic, customer production cuts caused by semiconductor shortages and disruptions to logistics networks.」
The effects of COVID-19 continued in the form of lockdowns in Chinese cities and production cuts by customers, and the risk of weaker demand and production disruptions remained. - FY2022RestatedAnnual report
「The effects of COVID-19 on the global economy are still continuing, and it is unclear how those effects will develop.」
The company indicates that the risk of lower demand and disruption to business activities caused by COVID-19 continued during the fiscal year. - FY2022-Q3RestatedAnnual report
「During the cumulative third-quarter period (1 April 2021 to 31 December 2021), the global economy remained challenging as there were no signs that the spread of COVID-19 infections had subsided.」
The company reaffirmed its recognition that COVID-19 had not subsided and that its effects on the economic environment were continuing. - FY2022-Q2WorsenedAnnual report
「During the cumulative second-quarter period (1 April 2021 to 30 September 2021), the global economy remained challenging overall as COVID-19 infections spread again in some regions, including Asia.」
The disclosure states that COVID-19 infections spread again in some regions, including Asia, and that challenging economic conditions continued. - FY2022-Q1WorsenedAnnual report
「During the cumulative first-quarter period (1 April 2021 to 30 June 2021), the global economy remained challenging overall as COVID-19 infections began to spread again in Europe, ASEAN and India, despite a gradual recovery in some regions, including China.」
The effects of COVID-19 continued, and conditions worsened in some regions as infections began to spread again in Europe, ASEAN and India. - FY2021MaterialisedAnnual report
「During the fiscal year, the global automotive market fluctuated significantly by region under the effects of COVID-19.」
Demand and production disruptions caused by COVID-19 continued throughout the fiscal year, and consolidated net sales declined 13.4% from the previous fiscal year. At the same time, differences in the timing of recovery by region also emerged. - FY2021-Q3MaterialisedAnnual report
「During the cumulative third-quarter period (1 April 2020 to 31 December 2020), the global automotive market fluctuated significantly by region under the effects of COVID-19.」
The effects of COVID-19 continued through the cumulative third-quarter period and materialized as regional fluctuations in automotive markets. Consolidated net sales declined 21.5% year on year. - FY2021-Q2MaterialisedAnnual report
「During the cumulative second-quarter period (1 April 2020 to 30 September 2020), the global economy was significantly affected by COVID-19.」
The effects of COVID-19 continued, with consolidated net sales declining 33.5% year on year to ¥82,328 million and consolidated operating loss reaching ¥2,918 million. - FY2021-Q1MaterialisedAnnual report
「Within our Group, sales of products declined because our major customers, the automakers, adjusted production in response to sluggish demand for new vehicles.」
The risk of weaker demand and production disruptions caused by COVID-19 materialized in the form of production adjustments by automakers and lower product sales. In the first quarter, consolidated operating loss was ¥5,796 million and quarterly net loss attributable to owners of the parent was ¥3,135 million. - FY2020First statedAnnual report
「If restrictions on travel and economic activity are prolonged due to further spread of the infection or other factors, there is a risk of lower demand for four-wheel and two-wheel vehicles and disruption to our business activities themselves.」
COVID-19 was identified explicitly as an independent business risk for the first time, with the potential for lower demand and disruption to business activities described. During the fiscal year, automakers in fact adjusted production and experienced lower sales.