Deterioration in the Global Economy, Automobile Production and Business Performance Caused by COVID-19
First written in FY2021-Q1. 3 of 13 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2024: 3 of 9 companies on the "Worse" side.
3 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「The global economy is recovering from the COVID-19 pandemic and moving toward normalization, but the outlook remains uncertain due to concerns about shifts in monetary policy in various countries, geopolitical risks and other factors.」
The filing described recovery and normalization from the COVID-19 pandemic, noting that the previous impact centered on restrictions on activity due to COVID-19 had eased. However, uncertainty related to geopolitical risks and other factors remained. - FY2024-Q3MitigatedAnnual report
「Prices continued to rise, and although socioeconomic activity moved toward normalization, the outlook remained uncertain.」
It was noted that socioeconomic activity had moved toward normalization, easing the previous impact centered on restrictions on activity due to COVID-19. However, uncertainty caused by rising prices and other factors remained. - FY2023Economic normalization coexists with uncertain factorsAnnual report
「Although there are generally positive signs in the global economy, including progress toward containing COVID-19 and China's shift away from its zero-COVID policy, disruptions caused by global inflation, monetary tightening to contain it, and geopolitical risks continue to pose significant risks to the global economy's recovery from the pandemic.」
Although signs of normalization emerged as the pandemic subsided and China shifted its policies, uncertainty due to inflation, monetary tightening and geopolitical risks continued. - FY2023-Q3Uncertainty continues amid eased restrictions and China's policy shiftAnnual report
「During the first nine months of the current consolidated fiscal year, restrictions on activity related to COVID-19 were being eased or lifted, and the global economy showed signs of moving toward normalization. However, the outlook for the economy remained uncertain due to tight semiconductor supply and demand, higher raw material and logistics costs resulting from the prolonged situation in Ukraine, rising global inflation and the monetary policies of countries responding to it, and China's policy shift regarding COVID-19.」
Restrictions on movement related to COVID-19 were being eased and lifted, but factors including China's policy shift remained, and uncertainty about the economic outlook continued. - FY2023-Q2RestatedAnnual report
「In the automotive industry related to our Group, production volumes have not recovered due to the effects of the semiconductor shortage, lockdowns in China and other factors, and the situation remains uncertain.」
It was reconfirmed that, although restrictions on movement were eased and economic activity was moving toward normalization, automotive production had not recovered because of semiconductor shortages, China's lockdowns and other factors. - FY2023-Q1Restrictions eased, but production recovery fell shortAnnual report
「In the automotive industry related to our Group, production volumes have yet to recover due to the continuing semiconductor shortage and the resurgence of COVID-19 infections, and the situation remains uncertain.」
It was noted that, although restrictions on movement were eased and economic activity was moving toward normalization, the recovery in automotive production had not been achieved due to the renewed spread of COVID-19 and semiconductor shortages. - FY2022-Q3Recovery and ongoing impact coexist amid variants and supply constraintsAnnual report
「In the automotive industry related to the group, production and sales exceeded the prior-year period, when the spread of COVID-19 had a significant impact on all automakers. Demand for new vehicles is recovering, but customers continue to adjust production due to the renewed spread of COVID-19 and semiconductor supply shortages.」
Production and sales recovered year on year, but customers continued to adjust production due to the renewed spread of COVID-19 and semiconductor shortages. - FY2022-Q2RestatedAnnual report
「In the automotive industry related to the Group's business, production and sales in Japan and Asia exceeded the levels of the same period of the previous year, when the spread of COVID-19 had a major impact on all automakers. Demand for new vehicles is recovering, but customer production adjustments continue due to the recent resurgence of COVID-19 and semiconductor supply shortages.」
Production and sales in Japan and Asia exceeded the prior-year period and earnings improved, but customer production adjustments due to the renewed spread of COVID-19 and semiconductor shortages have continued. - FY2022-Q1Earnings improved as demand recovered, but the renewed spread of COVID-19 continuedAnnual report
「In the automotive industry related to the Group's business, production and sales in Japan and Asia exceeded the levels of the same period of the previous year, when the spread of COVID-19 had a major impact on all automakers. Demand for new vehicles is recovering, but customer production adjustments continue due to the recent resurgence of COVID-19 and semiconductor supply shortages.」
Production and sales in Japan and Asia exceeded the prior-year period despite the impact of COVID-19, and earnings improved. However, production adjustments due to the renewed spread of COVID-19 and semiconductor shortages have continued. - FY2021COVID-19 impact continues, recovery in the second halfAnnual report
「As the spread of COVID-19 continued for an extended period, the group's sales were affected by customer plant shutdowns and production cuts resulting from the pandemic, declining 24.6% year on year to ¥118,863 million. In terms of profit, the group posted a significant operating loss in the first half, but production began to recover from the second half onward. In addition, the group rapidly revised its production structure to match volumes, and the emergency profit improvement initiatives continued from the second half of the previous fiscal year produced results. As a result, the group ultimately recorded a profit of ¥377 million, representing a significant improvement.」
While full-year sales declined 24.6% due to customer plant shutdowns and production cuts caused by the pandemic, operating results turned positive for the full year as production recovered from the second half onward and improvement initiatives took effect. - FY2021-Q3Continuing impact of the pandemic and signs of recoveryAnnual report
「In the automotive industry in which our Group operates, the spread of COVID-19 had a significant impact on all automakers, with production and sales in Japan, the Americas and Asia falling below the prior-year period. In China, however, production and sales exceeded the prior-year period and continued to trend upward, reflecting the economic recovery trend from April onward. Other countries also showed signs of a recent recovery, although conditions varied by region, and the overall trend was toward recovery.」
The impact of COVID-19 on automakers and production and sales in Japan, the Americas and Asia remaining below the levels of the same period of the previous year continued, while recovery and improvement were noted in China and some regions. - FY2021-Q2RestatedAnnual report
「In the automotive industry to which our group is connected, the spread of COVID-19 had a substantial impact on all automakers, resulting in production and sales below the levels of the same period of the previous year in Japan, the Americas and Asia.」
The spread of COVID-19 affected all automakers, and production and sales in Japan, the Americas and Asia remained below the levels of the same period of the previous year. - FY2021-Q1MaterialisedAnnual report
「In the automotive industry to which our group is connected, the spread of COVID-19 had a substantial impact on all automakers, resulting in production and sales below the levels of the same period of the previous year in Japan, the Americas and Asia.」
The spread of COVID-19 actually affected automakers' production and sales and the company's business performance. Net sales fell 38.2% year on year to ¥23,981 million, and operating income was a loss of ¥2,489 million.