Impact of COVID-19 on operations, demand and the supply chain
First written in FY2020. 4 of 7 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2023.
The whole theme swung hardest in 2020: 102 of 175 companies on the "Worse" side.
- FY2023MitigatedAnnual report
「As of now, no domestic or overseas plants have suspended operations, and COVID-19 has had no impact on the supply chain.」
While the risk of infection remains in the form of possible production stoppages if infections spread again, the Company stated that, as of the current period, there had been no plant shutdowns or impact on the supply chain. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter, Japan's economy showed signs of recovery as economic activity picked up amid the continuing impact of COVID-19, although some weakness remained.」
The Company stated that the impact of COVID-19 was continuing. It said there had been no new risks or significant changes to business and other risks. - FY2021MaterialisedAnnual report
「During the current consolidated fiscal year, a plant in China was temporarily shut down following guidance from the authorities. No shutdowns occurred at any other domestic or overseas plants, and the impact on the supply chain was minimal.」
COVID-19 caused a temporary shutdown at the plant in China. The Company also recorded ¥17 million in losses related to its response to the infectious disease, as well as leave allowances and other costs associated with reduced plant production. - FY2021-Q3MaterialisedAnnual report
「The Company received special measures under employment adjustment subsidies for leave allowances and other payments made following the reduction of plant production due to COVID-19. Of the expected subsidy amount of ¥93 million, ¥91 million was deducted from cost of sales and ¥1 million from salaries and allowances and employee benefits under selling, general and administrative expenses.」
Plant production was reduced due to the impact of COVID-19, resulting in leave allowances and other costs, and expected subsidy payments of ¥93 million were disclosed. - FY2021-Q2MaterialisedAnnual report
「The Company received special measures under employment adjustment subsidies for leave allowances and other payments made following the reduction of plant production due to COVID-19. Of the expected subsidy amount of ¥75 million, ¥74 million was deducted from cost of sales and ¥1 million from salaries and allowances and employee benefits under selling, general and administrative expenses.」
Plant production was reduced due to the impact of COVID-19, resulting in leave allowances and other costs. The Company also recorded ¥17 million in special losses related to its response to the infectious disease. - FY2021-Q1MaterialisedAnnual report
「In the housing industry, new housing starts continued to decline from the previous fiscal year following the consumption tax increase, and the impact of COVID-19 further exacerbated the decline, resulting in a sharp year-on-year decrease of more than 12% during the cumulative first quarter. Detached housing, which has particularly strong ties to the Group's businesses, followed the same trend, and difficult conditions continued.」
The impact of COVID-19 on demand materialized as a more than 12% year-on-year decline in housing starts. The income statement also included ¥17 million in special losses related to the response to the infectious disease. - FY2020First statedAnnual report
「COVID-19, which became apparent in early 2020, has spread and become a global pandemic. To prevent infections, the Group has implemented efficient business operations, including thorough hygiene management and staggered working hours. As of now, no domestic or overseas plants have suspended operations, and the impact of COVID-19 on the supply chain has been minimal, partly because, from about two years ago, the Group had transferred part of its hardware production in China to Japan from the perspective of business continuity planning (BCP). However, if infections spread further, the Group's business operations, financial position and operating results could be affected by production stoppages due to employee infections and supply chain disruptions.」
COVID-19 was disclosed for the first time as a separate major risk. As of the filing date, there had been no plant shutdowns or significant supply chain impact, while the possibility of production stoppages, supply disruptions and lower demand if infections spread was indicated.