Business and Financial Impact of the Spread of COVID-19
First written in FY2021-Q1. 7 of 11 entries say "Worsened", first in FY2021-Q3. Latest entry: FY2023-Q3.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2023-Q3WorsenedAnnual report
「Against this backdrop, concerns remain that the recovery in the automotive industry related to the Group will be constrained by delays in resolving production constraints caused by semiconductor supply issues and by higher procurement prices for materials due to inflation, weaker personal consumption and deteriorating corporate performance.」
In addition to the existing effects, including the pandemic and the semiconductor shortage, the Company describes inflation, higher procurement prices for materials, and factors constraining recovery through weaker personal consumption and deteriorating corporate performance. - FY2023-Q2WorsenedAnnual report
「Against this backdrop, the automotive industry related to the Group is recovering as constraints on automotive production are gradually easing, but concerns remain over a slowdown in the global economy due to higher interest rates, the emergence and spread of new COVID-19 variants, continued high resource prices, renewed disruption to global logistics and supply constraints caused by labor shortages.」
Factors related to the pandemic that continue or are expanding as sources of business and financial impact include new COVID-19 variants, high resource prices, logistics disruptions and supply constraints caused by labor shortages. - FY2023-Q1WorsenedAnnual report
「The Japanese economy likewise faces risks that could weaken the pace of recovery, including a downturn caused by the deterioration of the situation in Ukraine and higher resource prices, a renewed spread of COVID-19 and upward pressure on prices due to the weaker yen. Against this backdrop, the automotive industry related to the Group is expected to see weak production in the near term, partly due to constraints on automotive production activity.」
In addition to the renewed spread of COVID-19, the Company identifies higher resource prices, the weaker yen, the situation in Ukraine and constraints on automotive production activity as factors affecting the business and financial results. - FY2022RestatedAnnual report
「During the fiscal year, the global economy remained uncertain, although the impact of COVID-19 eased and the situation in Ukraine became a downside risk.」
Although the Company states that the impact of COVID-19 has eased somewhat, it continues to identify the Omicron variant, the semiconductor shortage, production adjustments by major customers and the situation in Ukraine as potential sources of business and financial impact. - FY2022-Q3WorsenedAnnual report
「The impact of the spread of COVID-19 and the global semiconductor shortage during the nine months ended 31 December is described in “2. Analysis of Financial Position, Operating Results and Cash Flows by Management, (1) Financial Position and (2) Operating Results.” Depending on developments going forward, it may affect the Group’s financial position, operating results and other matters.」
The Company continues to describe the possibility of business and financial effects from the renewed spread of COVID-19, concerns over the Omicron variant and ongoing production adjustments due to the semiconductor shortage. - FY2022-Q2WorsenedAnnual report
「The impact of the spread of COVID-19 and the global semiconductor shortage during the six months ended 30 September is described in “2. Analysis of Financial Position, Operating Results and Cash Flows by Management, (1) Financial Position and (2) Operating Results.” Depending on developments going forward, it may affect the Group’s financial position, operating results and other matters.」
In addition to COVID-19 and the semiconductor shortage, shortages of sourced components caused by the spread of infections in Southeast Asia have arisen, production adjustments at major customers continue, and the Company indicates that recovery in production volumes is expected to take time. - FY2022-Q1RestatedAnnual report
「The impact of the spread of COVID-19 and the global semiconductor shortage during the three months ended 30 June is described in “2. Analysis of Financial Position, Operating Results and Cash Flows by Management, (1) Financial Position and (2) Operating Results.” Depending on developments going forward, it may affect the Group’s financial position, operating results and other matters.」
The Company continues to describe the impact of COVID-19 and the possibility of future effects on its financial position and operating results. - FY2021WorsenedAnnual report
「The global economy during the consolidated fiscal year remained uncertain, as the spread of COVID-19 continued and vaccinations progressed in countries around the world, while variant strains were identified in some regions. In addition, the global semiconductor shortage that began around autumn 2020 has forced manufacturers, including the automobile manufacturers that are our major customers, to adjust production.」
In addition to the continued spread of COVID-19 and variant strains, production adjustments by automobile manufacturers due to tight semiconductor supply have increased uncertainty over the business and financial impact. - FY2021-Q3WorsenedAnnual report
「The impact of the spread of COVID-19 during the nine months ended 31 December is described in “2. Analysis of Financial Position, Operating Results and Cash Flows by Management, (1) Financial Position and (2) Operating Results.” Depending on developments going forward, it may affect the Group’s financial position, operating results and other matters.」
COVID-19 has actually resulted in operating suspensions and production adjustments at major customers, a 30.5% decrease in consolidated revenue and an operating loss of ¥13,475 million. The disclosure also refers to variant strains and a third wave, and continues to describe the possibility of future effects. - FY2021-Q2MaterialisedAnnual report
「The impact of the spread of COVID-19 during the six months ended 30 September is described in “2. Analysis of Financial Position, Operating Results and Cash Flows by Management, (1) Financial Position and (2) Operating Results.” Depending on developments going forward, it may affect the Group’s financial position, operating results and other matters.」
COVID-19 has actually resulted in operating suspensions and production adjustments at major customers, declines in revenue in each region and a consolidated operating loss of ¥11,511 million; the Company continues to describe the possibility of future effects on its financial position and operating results. - FY2021-Q1First statedAnnual report
「The impact of the spread of COVID-19 during the three months ended 30 June is described in “2. Analysis of Financial Position, Operating Results and Cash Flows by Management, (1) Financial Position and (2) Operating Results.” Depending on developments going forward, it may affect the Group’s financial position, operating results and other matters.」
The spread of COVID-19 has actually resulted in operating suspensions and production adjustments at customers, declining sales in each region and an impact on consolidated results; the Company also describes the possibility of future effects on its financial position and operating results.