Risks of Declining Demand and Suspended Operations Due to the Spread of COVID-19
First written in FY2020. 6 of 12 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2026DroppedAnnual report
「Large-scale natural disasters such as earthquakes and typhoons, pandemics caused by infectious diseases, fires and other accidents may reduce factory operating levels and affect the business performance of the Group.」
There is no disclosure specifically identifying COVID-19 as a risk of lower demand or suspended operations. Infectious diseases have instead been repositioned as a general pandemic risk alongside natural disasters and other risks. - FY2024-Q1MitigatedAnnual report
「Demand is gradually recovering to levels close to those before COVID-19. Although it is difficult to predict when COVID-19 will subside, the Company has made accounting estimates on the assumption that the current level of impact will continue for a certain period during the fiscal year ending March 2024. At present, however, the Company judges that the impact on business performance is minor.」
Demand has recovered to levels close to those before COVID-19, and the Company currently judges that the impact on business performance is minor. It has assumed that the impact will continue for a certain period during the fiscal year ending March 2024. - FY2023-Q3RestatedAnnual report
「There have been no material changes in the assumptions described in the securities report for the previous consolidated fiscal year under “Significant Accounting Estimates,” including assumptions regarding the future spread of COVID-19 and when it will subside.」
The Company stated that there had been no material changes in its accounting assumptions regarding the spread of COVID-19 and when it will subside, and maintained its previous assumptions regarding the impact. - FY2023-Q2RestatedAnnual report
「There have been no material changes in the assumptions described in the securities report for the previous consolidated fiscal year under “Significant Accounting Estimates,” including assumptions regarding the future spread of COVID-19 and when it will subside.」
The Company stated that there had been no material changes in its accounting assumptions regarding the spread of COVID-19 and when it will subside, and maintained its previous assumptions regarding the impact. - FY2023-Q1RestatedAnnual report
「There have been no material changes in the assumptions described in the securities report for the previous consolidated fiscal year under “Significant Accounting Estimates,” including assumptions regarding the future spread of COVID-19 and when it will subside.」
The Company stated that there had been no material changes in its accounting assumptions regarding the spread of COVID-19 and when it will subside, and maintained its previous assumptions regarding the impact. - FY2022MitigatedAnnual report
「Demand is gradually recovering to levels close to those before COVID-19. Although it is difficult to predict when COVID-19 will subside, the Company has made accounting estimates, including the recoverability of deferred tax assets, on the assumption that the current level of impact will continue for a certain period during the fiscal year ending March 2023.」
Demand was said to be recovering to levels close to those before COVID-19, while the assumption was made that its impact would continue for a certain period during the fiscal year ending March 2023. - FY2022-Q2RestatedAnnual report
「During the second quarter of the current consolidated fiscal year, the Japanese economy showed signs of recovery in personal consumption, exports and other areas as economic activity resumed after the stagnation caused by the spread of COVID-19. However, uncertainty about the outlook continues due to semiconductor shortages and higher resource prices.」
Although economic activity resumed and showed signs of recovery, uncertainty about the outlook following the spread of COVID-19 continues. Semiconductor shortages and higher resource prices were also cited as sources of uncertainty. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, the Japanese economy showed signs of recovery in personal consumption, exports and other areas as economic activity resumed after the stagnation caused by the spread of COVID-19. However, uncertainty about the outlook continues as the spread of COVID-19 has persisted.」
Although economic activity resumed and showed signs of recovery, uncertainty about the outlook continues due to the prolonged spread of COVID-19. It was stated that there had been no material changes in existing risks or the emergence of new risks. - FY2021Recovery and sluggish demand coexistAnnual report
「Although Japan, Thailand, China and the United States are showing signs of recovery, demand remains sluggish in ASEAN, India and elsewhere, and the Company has adjusted production accordingly.」
Although Japan, Thailand, China and the United States showed signs of recovery, sluggish demand and production adjustments continued in ASEAN, India and elsewhere. - FY2021-Q3RestatedAnnual report
「During the nine months ended December 31 of the current fiscal year, economic activity in Japan showed signs of recovery in private consumption and exports following the resumption of economic activity after the stagnation caused by the spread of COVID-19. However, the outlook remained uncertain due to the prolonged spread of COVID-19.」
Even after economic activity resumed, the spread of COVID-19 has continued for an extended period, and uncertainty about the outlook persists. There has been no material change in the risks of lower demand or an impact on operations caused by the spread of the infection. - FY2021-Q2WorsenedAnnual report
「In addition to rush demand ahead of the previous year’s transition to new exhaust-emission regulations, the effects of COVID-19 and other factors caused domestic registrations of ordinary trucks with payloads of 4 tons or more to fall 14.6% year on year to 41,255 vehicles.」
Domestic registrations of ordinary trucks declined 14.6% year on year due to COVID-19 and other factors, and the risk of lower demand continues to materialize. - FY2020First statedAnnual report
「Following the disruption to the global economy caused by the spread of the novel coronavirus disease, major domestic customers have suspended operations to adjust production, resulting in lower demand for the Company’s products. Overseas, although China is showing signs of recovery, demand from customers in Thailand, India, the United States and elsewhere remains sluggish, and the Company has suspended operations accordingly. This direct impact on economic activity may affect business performance from the next fiscal year onward.」
The Company reported actual shutdowns and declines in demand among major domestic customers, as well as sluggish demand and shutdowns among overseas customers, due to COVID-19, and indicated the possibility of an impact on business performance from the next fiscal year onward.