Impact of the Spread of COVID-19 on Manufacturing, Sales and Business Performance
First written in FY2020-Q2. 4 of 13 entries say "Mitigated", first in FY2023-Q1. Latest entry: FY2023.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2023MitigatedAnnual report
「During the current consolidated fiscal year, as COVID-19 was reclassified as a Category 5 disease under the Infectious Diseases Control Law, personal consumption and capital investment showed signs of recovery as economic activity normalized, and the economy continued to recover moderately.」
Following the reclassification of COVID-19 and the normalization of economic activity, the description has shifted from impacts centered on restrictions on activities and factory closures to a recovery in economic activity. - FY2023-Q3MitigatedAnnual report
「During the nine-month period ended the third quarter of the current consolidated fiscal year, the classification of COVID-19 under the Infectious Diseases Control Law was lowered to Category 5, and the economy has been recovering as various restrictions were eased.」
The company states that economic activity is recovering due to the lower classification of COVID-19 under the Infectious Diseases Control Law and the easing of various restrictions. It does not state that the impact has been completely eliminated. - FY2023-Q2MitigatedAnnual report
「During the six-month period ended the second quarter of the current consolidated fiscal year, economic activity in Japan showed signs of a gradual recovery as restrictions on activities related to COVID-19 were eased.」
The company states that economic activity is gradually recovering as restrictions on activities related to COVID-19 are eased. It does not state that the impact of the infection has been eliminated. - FY2023-Q1MitigatedAnnual report
「Although the economy has been showing signs of recovery as conditions normalize through efforts to balance COVID-19 measures with economic activity,」
The company states that economic activity is normalizing as efforts advance to balance COVID-19 measures with economic activity. It does not state that the impact of the infection has been eliminated. - FY2022-Q3MaterialisedAnnual report
「Due to the Shanghai lockdown, the Chinese factory was closed for approximately one month in April 2022. Operations resumed gradually from May.」
The company states that the impact of COVID-19 materialized as the closure of the Chinese factory for approximately one month. Operations resumed gradually from May. - FY2022-Q2WorsenedAnnual report
「During the six-month period ended the second quarter of the current consolidated fiscal year, the reintroduction of priority preventive measures in response to the resurgence of COVID-19 significantly restricted economic activity in Japan.」
The company states that, due to the resurgence of COVID-19, priority preventive measures were reintroduced and restrictions on economic activity continued in practice. - FY2021ReframedAnnual report
「Although it is difficult to predict when the impact of COVID-19 will subside, we have determined that its impact on the financial condition and operating results for the current consolidated fiscal year was minor and that it will not have a material impact on accounting estimates, including the recoverability of deferred tax assets, in the following consolidated fiscal year. However, the impact of COVID-19 includes many uncertain factors and may affect the financial condition and operating results of our group in the following consolidated fiscal year.」
The company states that the impact of COVID-19 on financial condition and operating results for the current fiscal year was minor and that it will not have a material impact on accounting estimates in the following fiscal year, while leaving open the possibility of uncertain factors and future effects. - FY2021-Q3RestatedAnnual report
「During the nine-month period ended the third quarter of the current consolidated fiscal year, economic activity in Japan stagnated significantly due to the spread of COVID-19.」
The impact of COVID-19 on economic activity has continued. Although the company reports a recovery in demand in China and elsewhere and an increase in orders, the risk of the spread of variant viruses and uncertainty over when conditions will normalize remain. - FY2021-Q2RestatedAnnual report
「During the six-month period ended [current second quarter], economic activity was significantly restricted by the spread of COVID-19. Although measures including vaccination programs had begun, the timing of a broad normalization of economic activity remained unforeseeable.」
Restrictions on economic activity due to COVID-19 and uncertainty over when conditions will normalize have continued. The company also describes the start of measures such as vaccination, but does not state that the impact has been eliminated. - FY2021-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, economic activity in Japan was severely restricted due to the spread of the novel coronavirus.」
The impact of COVID-19 on economic activity has continued. While the impact of the spread of infections is described as actual economic restrictions, the company also reports increased orders from major customers and an improvement in consolidated performance during the current quarter. - FY2020MaterialisedAnnual report
「The Chinese factory was forced to suspend operations in February 2020 due to the spread of the novel coronavirus in China. In Japan, we were also forced to make substantial production adjustments in May 2020. If the novel coronavirus spreads again, it may have a significant impact on production by our group.」
The company states that the impact of COVID-19 on manufacturing and sales materialized as the suspension of operations at the Chinese factory and substantial production adjustments in Japan. It continues to indicate the possibility of an impact on production if infections spread again. - FY2020-Q3MaterialisedAnnual report
「In the power tools and automotive industries, which are our main customers, production and sales have declined due to disruptions in the supply of some components, lower orders and other effects of the novel coronavirus.」
The company states that the anticipated impact of COVID-19 on manufacturing and sales has materialized in the form of suspended component supplies, lower orders and declines in production and sales. - FY2020-Q2First statedAnnual report
「The global spread of the novel coronavirus has begun to affect manufacturing, sales and other operations. It may also affect the performance and financial condition of our group, and we will continue to monitor the situation closely.」
The company describes the global spread of the novel coronavirus as a new and specific risk, with impacts on manufacturing and sales beginning to emerge and the possibility of effects on performance and financial condition.