Business Impact of the Spread of COVID-19
First written in FY2021-Q1. 5 of 10 entries say "Mitigated", first in FY2021. Latest entry: FY2024-Q1.
The whole theme swung hardest in 2020: 68 of 90 companies on the "Worse" side.
33 other companies' latest entry also says "Mitigated".
- FY2024-Q1MitigatedAnnual report
「In our overseas operations, as the effects of COVID-19 have been easing, export transactions with various countries, including those in Asia, Oceania and Africa, have been increasing.」
This states that export transactions with various countries are increasing as the effects of COVID-19 ease. - FY2023MitigatedAnnual report
「In our overseas operations, as the effects of COVID-19 have been easing, export transactions with countries in Asia, Oceania, Africa and elsewhere have been increasing.」
This states that export transactions with Asia, Oceania, Africa and other regions are increasing as the effects of COVID-19 ease. - FY2023-Q3MitigatedAnnual report
「In our overseas operations, as the effects of COVID-19 have been easing, export transactions with countries in Asia, Oceania, Africa and elsewhere have been increasing.」
This states that the effects of COVID-19 are easing and export transactions with Asia, Oceania, Africa and other regions are increasing. - FY2023-Q2MitigatedAnnual report
「In our overseas operations, as the effects of COVID-19 have gradually begun to ease, export transactions with various countries are increasing, with activity particularly picking up in Bangladesh and elsewhere.」
This states that the effects of COVID-19 on overseas operations are gradually easing, export transactions with various countries are increasing, and activity is picking up in Bangladesh and elsewhere. - FY2022-Q2RestatedAnnual report
「The full-scale launch of the business of 青島新馳汽車有限公司, the joint venture established in China, has been delayed due to the spread of COVID-19, but the company is continuing to establish the structure needed for business activities aimed at expanding results after the pandemic subsides.」
This reconfirms that the full-scale launch of the China joint venture has been delayed due to the spread of COVID-19. - FY2022-Q1MaterialisedAnnual report
「We have established the joint venture Qingdao Xinchi Automobile Co., Ltd. in China and are developing logistics operations in bonded areas and elsewhere in Qingdao, Shandong Province. However, due to the effects of the spread of COVID-19, the planned revenue from the full-scale launch of the business has been delayed.」
The spread of COVID-19 actually delayed the full-scale launch of the China joint venture and its planned revenue. - FY2021MitigatedAnnual report
「The impact of COVID-19 on operating profit and net income for fiscal 2020 was immaterial.」
The company continues to recognize the effects of COVID-19, but explains that the impact on operating profit and net income for fiscal 2020 was immaterial. - FY2021-Q3MaterialisedAnnual report
「Under these circumstances, exports sales declined due in part to overseas lockdowns caused by COVID-19,」
This states that lower export sales actually occurred as a result of overseas lockdowns associated with COVID-19. - FY2021-Q2Domestic impact recovering; launch of overseas business delayedAnnual report
「Although the launch of the business was delayed during the current period due to the effects of the spread of COVID-19, we are steadily preparing the structure required to expand operations in China, including logistics and exports from China to Central Asia, the EU and other regions, and to expand performance in China's used-car market. This includes launching Japan's first online sales from China to the rest of the world of carefully selected, high-quality used cars in large volumes.」
This states that while the launch of the China business was delayed by COVID-19, online sales from China to the global market had begun and the logistics structure was being developed. - FY2021-Q1First statedAnnual report
「Revenue decreased year on year as the number of visitors temporarily declined due to reduced consumer sentiment caused by requests to refrain from going out amid the spread of COVID-19 and shortened business hours, and the number of vehicles sold fell below the previous year as we refrained from listing vehicles following the decline in auction prices. Revenue was also affected by external adverse factors, including slower domestic distribution and lower exports.」
The spread of COVID-19 resulted in requests to refrain from going out, shortened business hours, fewer visitors, slower domestic distribution and lower exports. Revenue was ¥2,591 million, down 35.7% year on year. The company also assumed that the effects would continue for a certain period of the fiscal year ending March 2021.