Lower orders and restricted economic activity due to COVID-19
First written in FY2020-Q2. 8 of 13 entries say "Restated". Latest entry: FY2023.
Miroku moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 112 of 175 companies on the "Worse" side.
14 other companies' latest entry also says "Reframed".
- FY2023Generalization of infectious disease riskAnnual report
「The Group seeks to minimize losses arising from interruptions to production activities caused by unforeseen events, including large-scale natural disasters and global pandemics of unknown infectious diseases such as COVID-19,」
The disclosure has been reorganized from a specific explanation of the impact of declining orders and restrictions on economic activity due to COVID-19 to the risk of production interruptions caused by unknown infectious diseases, alongside natural disasters and other events. - FY2023-Q1RestatedAnnual report
「There have been no material changes to the assumptions used in the significant accounting estimates concerning the impact of COVID-19 from those described under “Significant Accounting Estimates” in the annual securities report for the previous consolidated fiscal year.」
The company has reconfirmed that there have been no material changes since the previous consolidated fiscal year to the accounting estimates concerning the impact of COVID-19. - FY2022RestatedAnnual report
「However, if the impact of COVID-19 persists for an extended period and economic conditions deteriorate further, or if business activities are restricted due to employee infections or requests from administrative authorities to refrain from activities, this may affect the Group's operating results and financial position.」
The company has reconfirmed the risks of a prolonged infectious disease outbreak, economic deterioration, employee infections and business restrictions resulting from requests by administrative authorities. - FY2022-Q3RestatedAnnual report
「There have been no material changes to the accounting estimates concerning the impact of the spread of COVID-19 described in the additional information section of the annual securities report for the previous consolidated fiscal year.」
The company has reconfirmed that there have been no material changes to the accounting estimates for the previous consolidated fiscal year concerning the impact of COVID-19. - FY2022-Q2RestatedAnnual report
「There have been no material changes to the accounting estimates concerning the impact of the spread of COVID-19 described in the additional information section of the annual securities report for the previous consolidated fiscal year.」
The company has reconfirmed that there have been no material changes to the accounting estimates for the previous consolidated fiscal year concerning the impact of COVID-19. - FY2022-Q1RestatedAnnual report
「There have been no material changes to the accounting estimates concerning the impact of the spread of COVID-19 described in the additional information section of the annual securities report for the previous consolidated fiscal year.」
The company has reconfirmed that there have been no material changes to the accounting estimates for the previous consolidated fiscal year concerning the impact of COVID-19. - FY2021MaterialisedAnnual report
「The Machinery segment's sales and profit both decreased because unit sales fell by nearly 60% from the previous fiscal year due to stagnation in sales activities and other factors associated with the spread of COVID-19.」
The stagnation of sales activities caused by COVID-19 materialized in performance as an approximately 60% decline in unit sales in the machine tools segment. - FY2021-Q3RestatedAnnual report
「There have been no material changes to the assumptions concerning the impact of the spread of COVID-19 described in the additional information section of the annual securities report for the previous consolidated fiscal year.」
The company has reconfirmed that there have been no material changes to the assumptions made in the previous consolidated fiscal year concerning the impact of COVID-19. - FY2021-Q2RestatedAnnual report
「There have been no material changes to the assumptions concerning the impact of the spread of COVID-19 described in the additional information section of the annual securities report for the previous consolidated fiscal year.」
The company has reconfirmed that there have been no material changes to the assumptions made in the previous consolidated fiscal year concerning the impact of COVID-19. - FY2021-Q1RestatedAnnual report
「There have been no material changes to the assumptions concerning the impact of the spread of COVID-19 described in the additional information section of the annual securities report for the previous consolidated fiscal year.」
The company has reconfirmed that there have been no material changes to the assumptions made in the previous consolidated fiscal year concerning the impact of COVID-19. - FY2020WorsenedAnnual report
「Based on the assumption that the impact of a partial decline in orders and other factors will continue for a certain period at least through the fiscal year ending October 2022, the Group has reflected accounting estimates, including the recoverability of deferred tax assets, in its accounting treatment.」
The assumption that the partial decline in orders and other effects of COVID-19 will continue at least through the fiscal year ending October 2022 has been reflected in accounting estimates, explicitly recognizing the potential for a prolonged impact. - FY2020-Q3WorsenedAnnual report
「The spread of COVID-19 has begun to affect performance, including through a limited decline in orders, in the Group's three core businesses. If these business conditions persist for an extended period, they may have a material impact on the Group's operating results and financial position.」
The disclosure explicitly states that the impact on performance from declining orders and other factors in the three core businesses has continued from the previous quarter's initial stage of declining orders, and describes the impact of a prolonged situation as material. - FY2020-Q2MaterialisedAnnual report
「The spread of COVID-19 has begun to affect orders in some areas of the Group's three core businesses. If this business environment persists for an extended period, the Group's business performance and financial position could be affected.」
The quarterly report newly identified the emerging impact of lower orders in some of the three core businesses due to the spread of COVID-19.