Impact of COVID-19 on the Supply Chain and Demand
First written in FY2020. 2 of 6 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2022.
The whole theme swung hardest in 2025: 5 of 16 companies on the "Worse" side.
19 other companies' latest entry also says "Mitigated".
- FY2022MitigatedAnnual report
「During the current consolidated fiscal year, projector demand recovered, mainly for educational and home-use applications, but production was affected by supply constraints for semiconductors and other items. Against this backdrop, sales of the Group’s projector reflectors and fly-eye lenses increased.」
The disclosure states that, despite the continuing effects of the infection and supply constraints, projector demand recovered and sales of major optical products increased. - FY2022-Q2MitigatedAnnual report
「Although the fiscal year ending March 2022 will continue to be affected by the novel coronavirus infection, demand for projector reflectors and fly-eye lenses is expected to exceed the sales level in the fiscal year ended March 2021. During the current second quarter cumulative consolidated period, sales of both reflectors and fly-eye lenses increased year on year.」
While stating that the novel coronavirus infection continues to have an impact, the disclosure reports year-on-year increases in demand for, and sales of, projector reflectors and fly-eye lenses. - FY2022-Q1RestatedAnnual report
「Although the fiscal year ending March 2022 will continue to be affected by the novel coronavirus infection, demand for projector reflectors and fly-eye lenses is expected to exceed the sales level in the fiscal year ended March 2021.」
While stating that the novel coronavirus infection continues to have an impact, the disclosure expects demand for projector reflectors and fly-eye lenses to exceed the previous fiscal year’s level. - FY2021-Q2MaterialisedAnnual report
「During the current second quarter cumulative consolidated period, projector demand declined, in addition to the impact of falling flat-panel display prices, because of restrictions on economic activity around the world and events being postponed or cancelled as the novel coronavirus spread. As a result, demand for the Group’s reflectors and fly-eye lenses decreased.」
Restrictions on economic activity worldwide and the postponement or cancellation of events caused by the novel coronavirus infection actually resulted in lower demand for projectors, reflectors and fly-eye lenses. - FY2021-Q1MaterialisedAnnual report
「During the current first quarter cumulative consolidated period, projector demand declined, in addition to the impact of falling flat-panel display prices, because of companies suspending operations, schools closing, and events being cancelled as the novel coronavirus spread. As a result, demand for the Group’s reflectors and fly-eye lenses decreased.」
The decline in projector demand and the resulting decrease in demand for the Company’s products, caused by companies suspending operations, schools closing and events being cancelled, actually occurred in connection with the novel coronavirus infection previously identified as a risk. - FY2020First statedAnnual report
「The anticipated effects of the spread of the novel coronavirus on the Group include the risk of shipment delays caused by supply-chain disruptions and reduced demand for Group-manufactured components accompanying sluggish sales of finished products.」
For the first time, the disclosure identifies shipment delays caused by COVID-19, lower demand for components, and the possibility of a material impact on financial condition and business performance as a standalone risk.