Risk of Declining Sales and Production Volumes Due to COVID-19
First written in FY2020. 3 of 13 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2025.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2025RestatedAnnual report
「If an infectious disease emerges and has a widespread, prolonged impact, the Group’s business performance may be affected by lower sales and production volumes, among other factors.」
The general risk of lower sales and production volumes due to a prolonged infectious disease is being reaffirmed. - FY2025-H1RestatedAnnual report
「No new business or other risks arose during the six months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no new developments or material changes in existing risks, including the risk of lower sales and production volumes due to a prolonged infectious disease. - FY2024RestatedAnnual report
「If an infectious disease emerges and has a widespread, prolonged impact, the Group’s business performance may be affected by lower sales and production volumes, among other factors.」
The general risk of lower sales and production volumes due to a prolonged infectious disease is being reaffirmed. - FY2023-Q2MitigatedAnnual report
「As the intense global interest in bicycles during the COVID-19 pandemic has begun to ease, domestic product shortages have gradually improved with the recovery of production sites in China and Southeast Asia, but delays in the supply of completed bicycles due to component shortages have nevertheless continued.」
It states that domestic product shortages related to the infectious disease have gradually improved as production sites recover, while delays in the supply of completed bicycles due to component shortages have continued. - FY2023-Q1MitigatedAnnual report
「As production centers in China and Southeast Asia recovered from the pandemic, product shortages in the domestic market gradually began to improve.」
It states that supply constraints on bicycles related to the infectious disease are gradually improving as production sites recover from the impact of COVID-19. - FY2022Demand growth and supply constraints amid the infectious diseaseAnnual report
「Bicycle demand as a means of transportation surged worldwide as the spread of COVID-19 heightened health awareness.」
The impact of the infectious disease on the bicycle business has appeared not only as declining demand, but also as a global surge in demand driven by health awareness and shortages of components. - FY2022-Q3MitigatedAnnual report
「During the nine-month period ended 31 December of the current fiscal year, Japan's economy showed signs of recovery as the difficult conditions gradually eased, including a sharp decline in the number of coronavirus cases.」
It states that the severe economic conditions caused by the infectious disease have gradually eased, with signs of a recovery emerging as the number of infections fell sharply. Meanwhile, shortages of components and supply chain disruptions have continued separately. - FY2022-Q2Demand growth and supply constraints amid the infectious diseaseAnnual report
「In Japan’s bicycle market, the need for bicycles in terms of health, the environment and infection prevention came to be recognized as the coronavirus spread, and demand has expanded rapidly worldwide.」
The impact of the infectious disease has become apparent not only in declining demand, but also in growing demand related to health, the environment and infection prevention, along with supply shortages and difficulty securing sales volumes. - FY2022-Q1MaterialisedAnnual report
「For stainless steel products, capital investment remained firm among manufacturers with a high proportion of overseas sales and in semiconductor-related industries, but the spread of infectious diseases led to continuing cancellations and postponements of capital investment across multiple fields.」
It states that cancellations and postponements of capital investment across multiple sectors due to COVID-19 have continued in practice. At the same time, signs of a recovery in automotive production are also indicated. - FY2021-Q3Impact remains difficult to predict amid signs of a recovery in demandAnnual report
「While the prolonged spread of COVID-19 makes it difficult to reasonably predict its impact on the Group’s business, the Company is making accounting estimates without changing the assumptions used at the end of the previous fiscal year, based on signs of a recovery in demand in the steel tube industry.」
While the difficulty of reasonably predicting the infectious disease’s impact on the business continues, accounting estimates are being made on the basis of signs of a recovery in demand in the steel tube industry. - FY2021-Q2MaterialisedAnnual report
「Under these circumstances, production in the steel tube industry, particularly in the automotive sector, resumed and economic activity showed signs of recovery, while housing-related activity remained sluggish.」
While automotive-related production resumed amid the impact of the infectious disease, sluggish housing-related activity and the postponement or cancellation of construction-material projects continued, and the impact on the business environment persisted. - FY2021-Q1MaterialisedAnnual report
「Under these circumstances, the steel tube industry also saw some manufacturers, including those serving the automotive sector, adjust or suspend production due to the impact of the COVID-19 pandemic.」
Production adjustments and suspensions caused by COVID-19 actually occurred and were reflected in business performance through lower company-wide revenue and profit and a significant decline in automotive-related revenue and profit. - FY2020First statedAnnual report
「If the impact of COVID-19 continues for an extended period, the Group’s business performance may be affected by lower sales and production volumes, among other factors.」
COVID-19 is disclosed independently for the first time as a business risk. It is also stated that demand actually declined further in the second half of the year, affecting decreases in revenue and profit.