Demand, Operating and Overseas Supply Risks Arising from the COVID-19 Pandemic
First written in FY2020. 4 of 12 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2024-Q2.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024-Q2MitigatedAnnual report
「During the current second quarter cumulative consolidated period, Japan’s economy continued to recover gradually, driven by inbound demand and expanding personal consumption, as it emerged from the impact of the pandemic.」
We recognize that the economic recovery is continuing, accompanied by the end of the pandemic’s impact and expanding inbound demand and personal consumption. In China, the economic slowdown and sluggish consumption are pronounced, and regional differences remain. - FY2024-Q1MitigatedAnnual report
「During the current first quarter cumulative consolidated period, Japan’s economy made significant progress toward normalization as restrictions on activities were lifted following the reclassification of COVID-19 as a Class 5 infectious disease.」
With COVID-19’s reclassification as a Class 5 infectious disease and the lifting of restrictions on activities, domestic economic activity and the demand environment are moving toward normalization. - FY2023Domestic recovery coexisted with the impact of ChinaAnnual report
「Japan's contact lens market has recovered demand to pre-COVID levels as events and school activities have become more active and opportunities to go out have increased with the normalization of social activity.」
Domestic demand recovered to pre-pandemic levels, while in China the impact on sales activities remained even after the lifting of the zero-COVID policy, and regional differences in pandemic-related risks continued. - FY2023-Q3MaterialisedAnnual report
「The outlook for the global economy also remains uncertain due to the impact on economic activity of the explosive spread of the infectious disease following China’s shift away from its “zero-COVID policy,” the prolonged situation in Ukraine, and concerns about a transition from a period of global inflation to an economic downturn.」
The spread of the pandemic and China’s policy shift have materialized as impacts on the global economy, and concerns over the impact on economic conditions and sluggish personal consumption continue. - FY2023-Q1MaterialisedAnnual report
「In China, logistics functions were impaired and retail contact lens activities were significantly disrupted because cities were placed under lockdown as a measure against the pandemic from mid-March to mid-June. However, as a policy to lift the lockdown was announced in mid-May, the resumption of economic activity is progressing.」
Although COVID-19-related lockdowns in China actually disrupted logistics functions and retail activity, reopening is gradually progressing following the policy to lift the lockdowns. - FY2022Prospects for a domestic recovery were presented alongside pandemic and cost uncertaintiesAnnual report
「We assume that the impact of the spread of COVID-19 will gradually recover from fiscal 2022 onward. In addition, there is no prospect of an end to the rapid rise in energy prices stemming from Russia’s invasion of Ukraine or the depreciation of the yen, and we assume that these conditions will continue through the end of fiscal 2022.」
While assuming a gradual recovery from the impact of the pandemic from fiscal 2022 onward, we assumed that higher energy prices and yen depreciation would continue through the end of fiscal 2022. - FY2022-Q3Domestic recovery and overseas constraints continued, with concerns over Omicron also emergingAnnual report
「In the European countries, Southeast Asian countries, India, Australia and other markets where we operate, retail stores, including optical shops, were forced to close or shorten their business hours, and contact lens sales remained sluggish. China, meanwhile, showed an early recovery and growth, but infections were spreading due to the Omicron variant, creating uncertainty there as well.」
Overseas, retail store closures, shortened business hours and sluggish contact lens sales continued, while China showed recovery and growth. However, uncertainty due to the Omicron variant was also noted in China. - FY2022-Q1Signs of a domestic recovery coexisted with overseas constraintsAnnual report
「Japan's contact lens market also remains challenging, as the entrenchment of working from home during the COVID-19 pandemic and fewer opportunities to wear makeup due to mask wearing have reduced overall demand for contact lenses. However, consumer purchasing activity has shown steady signs of recovery due to the normalization of club and extracurricular activities at junior and senior high schools, the resumption of in-person university classes, and a decline in working from home outside the Tokyo area.」
While demand constraints due to the pandemic continued, signs of recovery in purchasing activity emerged in Japan. Overseas, retail store closures and shortened business hours continued. - FY2021-Q3Domestic and overseas demand constraints continued, while differences in the pace of recovery became apparentAnnual report
「In Japan's contact lens market, the entrenchment of working from home and reduced opportunities to go out due to the cancellation of sporting events and other events have reduced overall demand for contact lenses. In particular, demand for circle and color contact lenses has declined markedly, in line with fewer opportunities for women to wear makeup due to mask wearing, and the challenging market environment has continued. However, signs of recovery have emerged from the third quarter, partly due to the effects of economic measures, including supplementary budgets.」
Although the decline in demand due to the pandemic continued, signs of recovery were described in Japan from the third quarter, while differences in recovery between China and other regions were indicated overseas. - FY2021-Q2MaterialisedAnnual report
「The domestic contact lens market remains challenging due to reduced opportunities to go out as working from home has become established, the continuation of remote classes at schools and restrictions on extracurricular activities, and, particularly among women, lower demand for circle and colored contact lenses associated with fewer opportunities to wear makeup because of mask-wearing.」
Working from home, remote classes, restrictions on going out and mask-wearing due to the pandemic continued into the second quarter and were reflected in actual declines in contact lens demand. - FY2021-Q1MaterialisedAnnual report
「The contact lens industry has also continued to experience people refraining from visiting medical institutions and retail stores as COVID-19 has spread.」
Lower demand, store closures and the suspension of activities at overseas locations due to the pandemic continued into the first quarter, resulting in an actual impact on performance through lower domestic and overseas shipments. - FY2020First statedAnnual report
「・Decline in demand for contact lenses due to requests to refrain from going out, requests for retail stores to close, and other impacts ・Suspension of manufacturing, order processing and shipping operations if infections occur ・Suspension of shipments to overseas locations」
COVID-19 was independently identified for the first time as a particularly significant risk involving lower demand, business suspensions and the suspension of overseas shipments. Actual declines in domestic and overseas demand and the suspension of exports to East and Southeast Asia are also described.