Impact of COVID-19 on Operations and Performance
First written in FY2020. 4 of 15 entries say "Softened", first in FY2023. Latest entry: FY2024.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024SoftenedAnnual report
「We recognize that COVID-19 has finally almost run its course more than 3 years after the outbreak began, but it could spread again, so we will continue to implement a certain level of infection-control measures.」
The company recognizes that COVID-19 has almost run its course, indicating that business-environment risks directly associated with the pandemic are easing. It will continue to implement infection-control measures, however. - FY2024-Q3SoftenedAnnual report
「During the third quarter of the current consolidated fiscal year, the global economy recovered and began to improve from the impact of COVID-19 on economic activity, but signs of an economic slowdown strengthened due to the prolonged situation in Ukraine, inflation and monetary tightening to curb inflation.」
The impact of COVID-19 on economic activity has recovered, indicating that business-environment risks directly associated with the pandemic are easing. Other external-environment risks, however, remain. - FY2024-Q1SoftenedAnnual report
「During the first quarter of the current consolidated fiscal year, the global economy showed signs of a stronger slowdown due to the prolonged situation in Ukraine, inflation caused by higher resource and energy prices, and monetary tightening to curb inflation, although the impact of COVID-19 on economic activity had begun to ease.」
The impact of COVID-19 on economic activity is described as having recovered, indicating that business-environment risks directly associated with the pandemic are easing. Other external-environment risks, however, remain. - FY2023SoftenedAnnual report
「The consolidated earnings forecast for the fiscal year ending March 2024, announced on 28 April 2023, was prepared on the assumption that the economy would remain on a recovery trend against a backdrop of easing behavioral restrictions, as the spread of COVID-19 was subsiding.」
The description of pandemic-related risks has shifted to an expectation of a recovery in the following fiscal year, based on easing behavioral restrictions and the subsiding spread of the pandemic. - FY2023-Q3Increased sales amid the impact of the pandemic and the situation in UkraineAnnual report
「Sales volumes and revenue of the high-performance materials products centered on “P-BLOCK” increased, despite the impact of the spread of COVID-19 and the situation in Ukraine.」
Although the spread of the pandemic and the situation in Ukraine continue to have an impact, sales volumes and revenue of high-performance materials products are increasing. - FY2023-Q2Increased sales and lower profit amid a resurgence of the pandemic and supply constraintsAnnual report
「For the Company Group, sales exceeded the same period of the previous year due to product price revisions and other factors. Operating profit was below the same period of the previous year due to factors including delays in revising product prices in response to repeated increases in raw material prices.」
Against a continuing backdrop of the renewed spread of the pandemic and supply constraints, revenue increased, while operating profit declined because of higher raw-material prices and delays in revising prices. - FY2023-Q1Increased sales and lower profit coexisting amid the impact of COVID-19 variantsAnnual report
「Sales volumes and revenue of the high-performance materials products centered on “P-BLOCK” increased, despite the impact of the spread of COVID-19 variants and the situation in Ukraine, owing mainly to growth in non-automotive fields.」
Although the spread of COVID-19 variants and the situation in Ukraine continue to have an impact, sales volumes and revenue of high-performance materials products increased owing to growth in non-automotive fields. The impact of risks and business recovery are occurring together. - FY2022-Q3Demand recovery and earnings improvement amid a resurgence of the pandemic and supply shortagesAnnual report
「During the cumulative third quarter of the fiscal year, the global economy was on a recovery trend, led by personal consumption, as restrictions on economic activity were gradually eased. However, the pace of recovery slowed because of the renewed spread of COVID-19 variants, shortages of components such as semiconductors, and soaring raw-material prices.」
Although the easing of restrictions on economic activity has placed the economy on a recovery trend, the pace of recovery has slowed because of COVID-19 variants, component shortages and soaring raw-material prices. - FY2022-Q2Demand recovery and earnings improvement coexisting with soaring raw-material pricesAnnual report
「The Group's revenue exceeded the year-earlier level, driven by increased sales of high-value-added products and a gradual recovery in demand. Operating profit also exceeded the year-earlier level, despite the impact of higher raw-material prices, owing mainly to increased sales.」
Although the pandemic continued to affect operations, revenue and operating profit exceeded the year-earlier levels, driven by recovering demand and increased sales of high-value-added products. The impact of soaring raw-material prices remains. - FY2022-Q1Demand recovery and earnings improvement coexisting with uncertainty in the external environmentAnnual report
「The Group's revenue exceeded the year-earlier level, driven by increased sales of high-value-added products and a gradual recovery in demand. Operating profit also exceeded the year-earlier level, despite the impact of higher raw-material prices, owing mainly to increased sales.」
Although the pandemic continued to affect operations, revenue and operating profit exceeded the year-earlier levels, driven by recovering demand and increased sales of high-value-added products. The impact of soaring raw-material prices remains. - FY2021Recovery gains coexisting with lower revenue and higher profitAnnual report
「The Group's revenue has recovered from the impact of lower demand associated with global restrictions on economic activity, but remained below the previous fiscal year. Operating profit exceeded the previous fiscal year, owing to increased sales of high-value-added products and fixed-cost reductions resulting from production rationalization.」
While demand is recovering from the decline caused by the pandemic, revenue fell 9.4% year on year while operating profit rose 2.0%, with lower revenue and higher profit occurring together. - FY2021-Q3MaterialisedAnnual report
「The Group's revenue and operating profit have been recovering from the impact of lower demand associated with global restrictions on economic activity, but both remained below the year-earlier levels. As a result, revenue for the cumulative third quarter of the fiscal year was ¥76,145 million, down 11.0% year on year. Operating profit was ¥4,038 million, down 6.3%.」
Although demand is recovering from the effects of restrictions on economic activity, revenue and operating profit remained below the year-earlier levels, with the impact of the pandemic still reflected in results. - FY2021-Q2MaterialisedAnnual report
「In the group's operating results, net sales fell below the same period of the previous year because the impact of declining demand associated with restrictions on global economic activity outweighed such factors as increased demand in the food sector. Operating profit also fell below the same period of the previous year because of declining demand and the impact of lockdowns on production activities.」
The effects of lower demand due to COVID-19, lockdowns and disruptions to production have materialized as year-on-year declines in revenue to ¥48,080 million and operating profit to ¥1,284 million. - FY2021-Q1MaterialisedAnnual report
「In the group's operating results, net sales fell below the same period of the previous year because the impact of declining demand associated with restrictions on global economic activity outweighed such factors as increased demand in the food sector. Operating profit also fell below the same period of the previous year because of declining demand and the impact of lockdowns on production activities.」
The decline in demand, lockdowns and impact on production activities caused by COVID-19 actually appeared as year-on-year declines in net sales and operating profit. - FY2020First statedAnnual report
「If employees of the group become infected as infectious diseases or contagious diseases spread, and infections spread within the company through contact among employees and other means, production and shipments at factories could be disrupted and operations could be suspended for a certain period. As a result, operating profit is expected to decline by approximately ¥2 billion from the previous consolidated fiscal year.」
The company identified operational shutdowns, interruptions in raw-material supplies and supply-chain problems resulting from the spread of infection as risks, and estimated the impact on operating profit for the fiscal year ending March 2021 at a decline of approximately ¥2 billion.