Impact of the spread of COVID-19 on orders, operations, and the supply chain
First written in FY2020. 4 of 12 entries say "Restated". Latest entry: FY2024-Q1.
The whole theme swung hardest in 2020: 102 of 175 companies on the "Worse" side.
- FY2024-Q1MitigatedAnnual report
「During the first quarter of the fiscal year, Japan's economy showed signs of recovery as restrictions on social and economic activity were eased further following the reclassification of COVID-19 under the Infectious Diseases Control Law to Category 5.」
It states that the reclassification of COVID-19 to Category 5 led to further easing of restrictions on social and economic activity, and that the economy showed signs of recovery. - FY2023MitigatedAnnual report
「Although the COVID-19 situation is beginning to settle for the time being, the outlook for its containment remains uncertain and it is difficult to predict its impact on business performance.」
The view has changed to reflect that the pandemic situation is beginning to settle for the time being, but uncertainty remains regarding the timing of its containment and its impact on business performance. - FY2023-Q3RestatedAnnual report
「In the overseas business, restrictions on sales activities and shutdowns at customers' factories in Vietnam and Thailand, where our Group has operations, were caused by the spread of COVID-19, but these impacts have now been resolved.」
It states that COVID-19 caused restrictions on sales activities and shutdowns at customers' factories in Vietnam and Thailand, but these impacts had been resolved as of the quarter-end. Meanwhile, the accounting assumption that the pandemic's impact would continue to a certain extent was maintained. - FY2023-Q2MaterialisedAnnual report
「During the Shanghai lockdown, the business activities of 上海竹田包装印務技術有限公司, which plans and sells packaging printed materials in China, were suspended, but operations resumed promptly after the lockdown was lifted.」
The Shanghai lockdown implemented as a COVID-19 countermeasure resulted in the suspension of business activities at a Chinese subsidiary, which resumed operations after the lockdown was lifted. - FY2022RestatedAnnual report
「We believe that the impact of COVID-19 will continue to a certain extent in the fiscal year ending March 2023, as the timing of its containment and other factors remain uncertain.」
The impact of the pandemic is expected to continue to a certain extent in the fiscal year ending March 2023, and the view that demand for print media will have difficulty returning to previous levels remains unchanged. - FY2022-Q2RestatedAnnual report
「Customers' internal public-relations and sales-promotion activities have gradually begun to recover. However, budget cuts due to the economic slowdown and the shift of advertising and promotional media to digital formats, or away from paper, are expected to continue, making a recovery to previous levels difficult.」
While pandemic-related cancellations and postponements of customer activities and the decline in commercial printed materials continue, a recovery in customer activity is also evident. However, it states that a return to previous levels will be difficult because of budget cuts and the shift away from paper. - FY2022-Q1RestatedAnnual report
「In addition, COVID-19 has reduced commercial printed materials such as in-house newsletters, catalogs, and flyers as customers cancel or postpone internal communications and promotional activities. Although these customer activities have gradually begun to recover, budget cuts caused by the economic slowdown and the shift from paper to digital advertising media are expected to continue, making a return to previous levels difficult.」
While customer activity cancellations and postponements caused by the pandemic and the decline in commercial printed materials continue, customer activity is showing signs of recovery. It states, however, that a return in demand for print media to previous levels will be difficult. - FY2021WorsenedAnnual report
「In addition to these conditions, business was significantly affected by COVID-19 during the fiscal year. Production adjustments at customers' factories led to lower production and shipments of industrial materials supplied by us, including product packaging. The cancellation or postponement of customers' internal communications and promotional activities reduced commercial printed materials such as in-house newsletters, catalogs, and flyers, while the decline in periodicals, for which stable orders could normally be expected, had a particularly significant impact on results.」
The impact of the pandemic was reflected throughout the year in production adjustments at customers' factories and declines in industrial materials, commercial printed materials, and periodicals, resulting in a 12.7% year-on-year decrease in consolidated net sales. - FY2021-Q3WorsenedAnnual report
「During the nine months ended 31 December, business was significantly affected by COVID-19. Production adjustments at customers' factories led to lower production and shipments of industrial materials supplied by us, including product packaging. The cancellation or postponement of customers' internal communications and promotional activities reduced commercial printed materials such as in-house newsletters, catalogs, and flyers, while the decline in periodicals, for which stable orders could normally be expected, had a particularly significant impact on results.」
The impact of the pandemic continued through the nine months ended 31 December in the form of production adjustments at customers' factories and declines in commercial printed materials and periodicals, and net sales fell 14.9% year on year. - FY2021-Q2WorsenedAnnual report
「Due to the spread of COVID-19, economic activity has still not fully recovered, and net sales for the first half of the fiscal year ending March 2021 decreased 19.4% year on year.」
The decline in net sales increased from 16.6% year on year in the first quarter to 19.4% in the first half. The assumption was changed to reflect the continued impact of the pandemic through the end of the fiscal year ending March 2021, and deferred tax assets of ¥130 million were reversed. - FY2021-Q1MaterialisedAnnual report
「Although the government declared a state of emergency on 7 April 2020 in response to the spread of COVID-19 and fully lifted it on 25 May, economic activity has still not fully recovered. Net sales for the first quarter of the fiscal year ending March 2021 decreased 16.6% year on year, creating a risk of lower sales.」
It states that the stagnation of economic activity caused by COVID-19 materialized as a 16.6% year-on-year decline in first-quarter net sales. The impacts of customer telework, production adjustments at factories, and event cancellations and postponements also continued. - FY2020First statedAnnual report
「We believe that a global economic slowdown will be unavoidable for some time as a result of the spread of COVID-19. The spread of telework among our customers has reduced opportunities for visits, while factory shutdowns at customers and the cancellation or postponement of promotional activities such as events have had an impact, mainly on sales.」
The COVID-19 pandemic has resulted in fewer opportunities for customer meetings, factory shutdowns, and event cancellations or postponements. The estimated impact on sales is approximately ¥80 million in the printing business, approximately ¥8 million in the semiconductor-related mask business, and approximately ¥300 million in the merchandise business.