Economic, Demand and Business Continuity Risks Arising from the Global Spread of COVID-19
First written in FY2020. 8 of 17 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 62 of 94 companies on the "Worse" side.
24 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「In addition, our group's manufacturing and sales activities may be affected by a global pandemic of a new infectious disease or other factors.」
The business continuity risks, including new infectious diseases, that were reorganized from risks specific to COVID-19 continue to be disclosed. - FY2025From risks specific to COVID-19 to business continuity risks, including new infectious diseasesAnnual report
「In addition, our manufacturing and sales activities may be affected by a global pandemic of a new infectious disease or other factors.」
The previous description, which focused primarily on the effects of COVID-19, has been reorganized as general business continuity risks, including a global pandemic of a new infectious disease. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year from 1 April 2023 to 31 December 2023, the Japanese economy continued on a moderate recovery trend, although some areas showed signs of stagnation.」
It states that the domestic economy continued on a moderate recovery trend, although some areas showed signs of stagnation. - FY2024-Q2MitigatedAnnual report
「During the cumulative second quarter of the fiscal year from 1 April 2023 to 30 September 2023, the Japanese economy continued to recover moderately as socioeconomic activity normalized.」
It states that socioeconomic activity continued to normalize and the domestic economy continued on a moderate recovery trend. - FY2024-Q1MitigatedAnnual report
「With restrictions on activities to prevent the spread of infectious diseases lifted, socioeconomic activity normalized and the economy recovered moderately.」
Regarding COVID-19, it states that restrictions on activities were lifted and socioeconomic activity normalized, resulting in an improved situation compared with the previous effects of the spread of infection on the economy and demand. - FY2023-Q3RestatedAnnual report
「During the nine-month period of the current fiscal year, the Japanese economy entered a new phase of living with COVID-19 and recovered moderately, although」
It states that the domestic economy entered a new phase of living with COVID-19 and recovered moderately, while the effects of parts shortages and other factors continued. - FY2023-Q2RestatedAnnual report
「During the six-month period from 1 April 2022 to 30 September 2022, the Japanese economy entered a new phase of living with COVID-19 and recovered moderately.」
The disclosure states that, amid the effects of COVID-19, the economy entered a new phase of living with COVID-19 and the domestic economy showed a moderate recovery. Meanwhile, the effects of component shortages and restrictions on economic activity in China have continued. - FY2023-Q1RestatedAnnual report
「During the three-month period from 1 April 2022 to 30 June 2022, the Japanese economy showed signs of recovery from the effects of COVID-19, but the effects of shortages of semiconductors and other components in the automotive industry's supply chain persisted for an extended period.」
Although the economy has shown signs of recovery from the effects of COVID-19, its effects on supply chains have continued. - FY2022MitigatedAnnual report
「Although the effects of the global spread of COVID-19 are believed to have passed their worst point, the end of the pandemic remains unforeseeable, and businesses are required to operate on the assumption of living with COVID-19.」
The disclosure states that although the timing of the end of the pandemic remains unforeseeable, its effects have passed their worst point and were minimized during the current fiscal year. - FY2022-Q3RestatedAnnual report
「During the nine-month period from 1 April 2021 to 31 December 2021, the Japanese economy showed signs of recovery from the effects of COVID-19, but the automotive industry's supply chain was affected by component procurement difficulties in addition to semiconductor shortages.」
Although the economy has shown signs of recovery from the effects of COVID-19, its effects on supply chains have continued. - FY2022-Q2RestatedAnnual report
「Overseas, the US economy recovered steadily, while the pace of recovery slowed in China and difficult economic conditions continued in India and ASEAN due to the effects of COVID-19.」
The effects of COVID-19 on overseas economies and the business environment have continued, and the disclosure states that difficult economic conditions have persisted particularly in India and ASEAN. - FY2022-Q1RestatedAnnual report
「During the three-month period from 1 April 2021 to 30 June 2021, the Japanese economy remained in a difficult situation due to the effects of COVID-19, although signs of recovery continued.」
The effects of COVID-19 on the economic environment have continued, but the disclosure states that the domestic economy has shown signs of recovery. Although recovery has been seen in the Automotive-Related Products Business and other businesses, demand for air travel and customers' capital investment remain affected. - FY2021MitigatedAnnual report
「Although the effects of the global spread of COVID-19 are believed to have passed their worst point, the end of the pandemic remains unforeseeable and it remains difficult to reasonably calculate its impact.」
The Group has stated that the effects of COVID-19 are believed to have passed their worst point and that overseas production activity and demand in each business have begun to recover, while the timing of the end of the pandemic remains unforeseeable. - FY2021-Q3MaterialisedAnnual report
「During the nine-month period from 1 April 2020 to 31 December 2020, the Japanese economy showed signs of recovery after rapidly deteriorating due to the spread of COVID-19, but the outlook became increasingly uncertain as infections resurged. Overseas, production activity was also significantly affected by restrictions on movement and other measures.」
The spread and resurgence of COVID-19 have continued to affect economic conditions and production activity in Japan and overseas, as well as demand in each business. - FY2021-Q2MaterialisedAnnual report
「Demand for both products for four-wheel vehicles and products for motorcycles declined due to the global spread of the novel coronavirus.」
The effects of COVID-19 on the economy and demand have continued to be reflected in operating results, including a 29.6% decline in revenue in the Automotive-Related Products Business and an operating loss of ¥1,270 million. - FY2021-Q1MaterialisedAnnual report
「During the three-month period from 1 April 2020 to 30 June 2020, the Japanese economy was in an extremely difficult situation as economic conditions rapidly deteriorated due to the spread of COVID-19. Overseas, although signs of recovery were seen in China, conditions remained extremely difficult in other regions.」
The economic deterioration caused by the spread of COVID-19 has continued to affect the Group's performance, including a 34.7% decline in revenue and an operating loss in the Automotive-Related Products Business, as well as lower revenue in the Turf Management Machinery and Other Sales Business. - FY2020MaterialisedAnnual report
「The economy has contracted due to the global spread of COVID-19, and its effects have extended to the Group. Although it is difficult to reasonably calculate the impact while the end of the COVID-19 pandemic remains unforeseeable, we believe that its effects can be minimized by organizing and addressing the measures needed now and the actions that should be taken now with a view to the future.」
The COVID-19 pandemic was identified as a separate major risk for the first time, and the disclosure states that the effects of the economic contraction have extended to the Group.