Suspension of Operations and Decline in Demand Due to the Spread of COVID-19
First written in FY2020-Q2. 6 of 13 entries say "Worsened", first in FY2020-Q3. Latest entry: FY2024-Q1.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024-Q1MitigatedAnnual report
「During the first quarter of the current consolidated fiscal year, rebound demand following the end of the COVID-19 pandemic had run its course, and the economy was moving from stability toward a slowdown. In Japan as well, the normalization following the pandemic that had supported the economy was beginning to shift to a more gradual pace, and the overall economy was progressing at a gradual pace.」
The company states that the pandemic has ended and economic activity is normalizing, reducing the direct effects of infection-related production stoppages and weaker demand from previously reported levels. At the same time, it explains that the economy is expected to slow after rebound demand has run its course. - FY2023-Q3MitigatedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, the global economy was steadily normalizing economic activity as the impact of COVID-19 eased. In Japan, efforts were also being made to balance infection-control measures with economic activity, and the overall economy was on a gradual recovery track.」
The company states that the easing impact of the infection and normalization of economic activity have progressed, placing the global economy on a gradual recovery track. However, uncertainty from variant viruses and an economic slowdown remains separately. - FY2023-Q2Expectations for recovery from China’s policy shift alongside the risk of an economic slowdownAnnual report
「Although China’s policy shift on COVID-19 and increased production of new-energy vehicles are expected to drive higher automobile sales, uncertainty about the outlook continues, including the risk of an economic slowdown caused by stagnant economic activity in China.」
Although China’s policy shift on the infection and increased production of new-energy vehicles indicate expectations for a recovery, the risk of an economic slowdown caused by stagnant economic activity is also noted. - FY2023-Q1Easing infection-related impacts alongside concerns over renewed spread in ChinaAnnual report
「Although the easing of China’s zero-COVID policy and increased production of new-energy vehicles are expected to drive higher automobile sales, concerns remain over the risk of an economic slowdown caused by a renewed spread of the infection.」
Although the impact of the infection in each region declined from the previous year and shortages of components improved, the risk of an economic slowdown caused by renewed spread of the infection in China continues to be identified. - FY2022-Q3Specific regional impacts of the infectionAnnual report
「Although the global economy in each region has shown signs of recovery as the severe impact of the infection has eased, the situation remains unpredictable due to developments in infections caused by new variants and downside risks to economic activity from rising global resource prices.」
Although the severe impact of the infection has eased and its impact on the U.S. economy has become limited, regional effects have become more specific, including lockdowns in China, variants and stalled component supplies in Asia, and effects on production activity in Europe. - FY2022-Q2Easing infection-related impacts alongside variant viruses and supply constraintsAnnual report
「Although the global economy in each region has shown signs of recovery as the severe impact of the infection has eased, the situation remains unpredictable due to developments in infections caused by new variants and downside risks to economic activity from rising global resource prices.」
Although the severe impact of the infection has eased and the economy has shown signs of recovery, downside risks to economic activity remain from new variants and rising resource prices. - FY2022-Q1WorsenedAnnual report
「Although the global economy in each region has shown signs of recovery as the severe impact of the infection has eased, the situation remains unpredictable due to developments in infections caused by new variants and downside risks to economic activity from rising global resource prices.」
Although the severe impact of the infection has eased and signs of recovery have emerged, the spread of new variants continues to be identified as a risk, with effects on sales and production reported in Europe, South America and other regions. - FY2021-Q3WorsenedAnnual report
「The Group's performance for the cumulative third quarter was revenue of ¥169.096 billion (up ¥28.336 billion year on year, or 20.1%), as customer production generally increased in China, Asia, Japan, North America and Europe as economic activity resumed from the previous year's infection-related stagnation. However, production cuts by automakers due to the resurgence of the infection and the global semiconductor shortage from the third quarter onward also affected results.」
Although customer production and net sales recovered, renewed infections and production cuts by automakers caused by semiconductor shortages have actually constrained performance since the third quarter, and the risk of a prolonged impact from the infection remains. - FY2021-Q2WorsenedAnnual report
「During the cumulative second quarter, the global economy remained in an uncertain position owing to tensions surrounding trade issues between the US and China, developments in China's economy, volatility in financial and capital markets and the impact of the renewed spread of COVID-19 caused by variant strains. A new problem, the global semiconductor shortage, also emerged. In addition, there were concerns that these conditions could continue and prolong their impact.」
The renewed spread of infections caused by variant viruses was newly identified as a risk, and concerns continue over a prolonged impact from the infection. In Southeast Asia and South America, the company actually reported sluggish growth in customer production. - FY2021-Q1WorsenedAnnual report
「The global economy in each region had been experiencing stagnant economic activity due to the worldwide spread of the infection, but was shifting toward a gradual recovery as countries resumed economic activity and governments introduced economic support measures. However, amid renewed outbreaks domestically and overseas, concerns remain that uncertainty about the outlook will persist.」
Although economic activity shifted toward a gradual recovery, renewed outbreaks occurred domestically and overseas, and concerns continue over a prolonged impact from the infection and uncertainty about the outlook. - FY2020WorsenedAnnual report
「For the fiscal year, revenue was ¥195.784 billion (down ¥44.217 billion year on year, or 18.4%), as lockdowns and customer shutdowns caused by the infection began in the China region in early February 2020, continued in most regions worldwide until around mid-May, and were followed by a delayed recovery.」
Lockdowns and customer operating stoppages caused by COVID-19 reduced full-year net sales by 18.4% year on year, while operating income turned from a profit of ¥6.789 billion to a loss of ¥952 million. The impact of infection-related risks on performance materialized on an even larger scale. - FY2020-Q3WorsenedAnnual report
「Lockdowns caused by the infection and the suspension of customer operations began in the China region in early February, continued in most regions worldwide until around mid-May, and were followed by a delayed recovery. As a result, net sales were ¥140.76 billion, down ¥42.851 billion, or 23.3%, year on year.」
Infection-related lockdowns and customer operating stoppages lasted longer across regions worldwide, and the recovery was also delayed. Net sales fell 23.3% year on year, while the operating loss was ¥1,304 million, indicating that the effects of production stoppages and weaker demand had materialized on a broader and larger scale. - FY2020-Q2First statedAnnual report
「Mainly from the second quarter onward, the global spread of the infection resulted in lockdowns in various countries and the suspension of customer operations, substantially reducing production activities across the Group. As a result, net sales were ¥106.578 billion, down ¥17.504 billion, or 14.1%, year on year.」
The global spread of COVID-19 led to lockdowns in various countries, the suspension of customer operations, and lower production activity. Group-wide net sales fell 14.1% year on year and operating profit fell 69.8%, indicating that the risk had materialized as an actual deterioration in performance.