Impact of COVID-19, Including Reduced IT Investment by Manufacturers
First written in FY2020. 5 of 10 entries say "Mitigated", first in FY2022. Latest entry: FY2024.
Argo Graphics moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
4 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「During the fiscal year under review, Japan's economy regained momentum as social activity recovered following the reclassification of COVID-19 to Category 5, with a sharp recovery in leisure-consumption-related businesses driven by a substantial increase in domestic travelers and visitors to Japan.」
The disclosure describes the recovery in social activity following the reclassification of COVID-19 to Category 5 and reports that the risk of restrictions on economic activity due to the pandemic has eased from the previous fiscal year. - FY2024-Q2MitigatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, Japan's economy was supported by the recovery of leisure-related businesses following the reclassification of the novel coronavirus disease as a Category 5 disease, as well as the recovery in production of automobiles and other products accompanying the normalization of semiconductor supplies. However, the further escalation of geopolitical risks, including the situation in Ukraine, and inflation caused by persistently high raw-material prices remained major concerns.」
Following the reclassification of COVID-19 to Category 5, the recovery in leisure-related businesses is cited as a factor supporting the economy. - FY2024-Q1MitigatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, Japan's economy saw rapid recovery in leisure-related businesses as the novel coronavirus disease was reclassified under the law as a Category 5 disease and inbound tourism resumed, while the prolonged situation in Ukraine and continued inflationary trends remained major concerns.」
The reclassification of COVID-19 to Category 5 under Japan's legal framework is cited as indicating a recovery in leisure-related businesses accompanying the resumption of inbound tourism. - FY2023-Q3MitigatedAnnual report
「During the nine-month period of the fiscal year under review, social and economic activity in Japan showed further recovery, particularly in the leisure industry, as the seventh wave of COVID-19 subsided.」
It is stated that the seventh wave of COVID-19 subsided and that social and economic activity showed further recovery. - FY2023-Q2RestatedAnnual report
「While the seventh wave of COVID-19 resulted in the highest number of infections on record, social and economic activity moved further toward relaxation, and signs of recovery were seen, particularly in leisure demand.」
While the seventh wave of infections occurred, social and economic activity moved further toward relaxation, reaffirming the recovery trend under the 'with-COVID' environment described since the previous fiscal year. - FY2022MitigatedAnnual report
「The COVID-19 pandemic, which had expanded since the year before last, has passed its peak and is showing signs of a recovery in social and economic activity under the 'with-COVID' environment.」
It is stated that COVID-19 has passed its peak and that social and economic activity is showing signs of recovery. At the same time, the disclosure continues to identify the possibility that a substantial contraction in manufacturing-sector IT and capital investment could affect performance. - FY2021-Q3MaterialisedAnnual report
「As in the second quarter, some customers postponed decisions on projects due to changes in their business environment, while delays in delivery also occurred at some developers and equipment suppliers.」
Amid the COVID-19 pandemic, continued postponement of customers' project decisions and delivery delays by developers and equipment suppliers contributed to lower sales and lower profit. - FY2021-Q2MaterialisedAnnual report
「Although there was demand for various solutions supporting working from home, customers also began temporarily freezing or reducing IT-related spending as the outlook for corporate performance became increasingly uncertain, resulting in sales of ¥21,106 million, down 12.6% year on year.」
While there was demand for solutions supporting working from home amid the COVID-19 pandemic, customers actually froze or reduced IT-related spending, resulting in a 12.6% year-on-year decline in first-half sales. - FY2021-Q1MaterialisedAnnual report
「Sales were ¥11,765 million, down 8.8% year on year, due to a decline in the system implementation business following restrictions on sales activities and the completion of a large project in the semiconductor-related business.」
It is stated that restrictions on sales activities associated with COVID-19 resulted in an actual decline in sales through the temporary suspension or reduction of system implementation projects. - FY2020First statedAnnual report
「The impact of COVID-19 arising during the fiscal year under review could exceed the impact seen worldwide after the Lehman shock. We have a high proportion of sales to the manufacturing sector, and we believe the business conditions of our major customers in the automotive and semiconductor industries remain unpredictable. If manufacturing companies significantly reduce their IT investment, this could affect the performance of our Group. Going forward, we will closely monitor the impact on our performance and take appropriate measures, while promptly disclosing any changes to our initial-year plan.」
The deterioration in business conditions among automotive- and semiconductor-related customers and the possibility of reduced manufacturing-sector IT investment due to COVID-19 are newly identified as key risks.