Business Continuity Risk Due to COVID-19
First written in FY2020. 5 of 12 entries say "Restated". Latest entry: FY2024-Q1.
Nepon 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: 88 of 125 companies on the "Worse" side.
14 other companies' latest entry also says "Softened".
- FY2024-Q1SoftenedAnnual report
「During the current first-quarter cumulative consolidated period, Japan's economy showed signs of recovery due to increased corporate activity following the reclassification of COVID-19 as a Category 5 infectious disease. However, energy and material prices continued to rise due to the prolonged situation in Ukraine.」
The transition of COVID-19 to a Class 5 infectious disease and the recovery of corporate activity were described, and recognition of constraints on business activity caused by infectious diseases has weakened from the previous fiscal year. However, concerns about the operating environment, including rising prices, remain. - FY2023SoftenedAnnual report
「Although the spread of COVID-19 is subsiding and an economic recovery is expected, a resurgence could cause health problems for employees of the Group, business partners and other stakeholders, as well as related social and economic impacts, creating a risk that it will become difficult to continue business operations.」
While adding the view that the spread of the infection is subsiding and an economic recovery is expected, it continues to address the risk to business continuity in the event of a resurgence and measures such as hygiene management. - FY2023-Q2RestatedAnnual report
「Although the government has eased movement restrictions introduced in response to COVID-19,」
While acknowledging the easing of government-imposed movement restrictions, it continues to indicate the impact on the economic environment, including COVID-19, and uncertainty about the outlook. - FY2023-Q1RestatedAnnual report
「Although some of the government's movement restrictions imposed in response to measures against COVID-19 were eased,」
While acknowledging the partial easing of the government's movement restrictions, the company continues to recognize that the rapid spread of COVID-19 has created ongoing uncertainty about the outlook. - FY2022-Q3RestatedAnnual report
「Orders for warm-air heaters for protected horticulture increased as a result of sustained sales activities under restrictions on sales activities during the COVID-19 pandemic, among other factors, and sales increased from the same period of the previous year.」
Although restrictions on sales activities due to COVID-19 continued, sustained sales activities increased orders for warm-air heaters for protected horticulture, resulting in year-on-year revenue growth in the thermal equipment business. - FY2022-Q2RestatedAnnual report
「Agricultural equipment, the core product of the Group’s thermal equipment business, generated higher sales than in the same period of the previous year as orders for hot-air heaters for greenhouse horticulture increased through the accumulation of ongoing sales activities despite restrictions on sales activities during the COVID-19 pandemic.」
Although restrictions on sales activities due to COVID-19 continued, orders for warm-air heaters for protected horticulture increased through sustained sales activities, resulting in higher sales in the thermal equipment business. - FY2022-Q1RestatedAnnual report
「Agricultural equipment in the thermal equipment business saw restrictions on sales activities during the COVID-19 pandemic, but, in addition to active sales activities,」
While restrictions on sales activities due to COVID-19 continued, active sales activities resulted in higher sales in the thermal equipment business. - FY2021MaterialisedAnnual report
「Agricultural equipment in the thermal equipment business, the group's core business, saw a substantial decline in sales from the previous year due to restrictions on sales activities caused by the COVID-19 pandemic, restraint in capital investment by individual farmers amid concerns about the outlook, and the expiration of factors unique to the previous fiscal year's results that had increased sales, including the concentration of large heating construction project completions in the first quarter and the rush in demand ahead of the consumption tax increase in the second quarter. As a result, total sales were ¥7,257 million, down 11.9% year on year.」
Restrictions on sales activities and restraint in capital investment due to the pandemic continued to affect full-year performance, causing total sales to fall 11.9% year on year. - FY2021-Q3MaterialisedAnnual report
「Agricultural equipment in the thermal equipment business, the group's core business, saw a substantial decline in sales because restrictions on sales activities continued in the third quarter due to the COVID-19 pandemic, while completion of large heating construction projects for protected horticulture was concentrated in the first quarter of the previous fiscal year and demand was brought forward in the second quarter of the previous fiscal year ahead of the consumption tax increase. As a result, total sales were ¥5,216 million, down 14.1% year on year.」
Restrictions on sales activities due to COVID-19 continued into the third quarter, and the reversal of the concentration of large project completions in the same period of the previous year also weighed on results, causing total sales to fall 14.1% year on year. - FY2021-Q2MaterialisedAnnual report
「Agricultural equipment in the thermal equipment business, the group's core business, saw a substantial decline in sales because, in addition to the inability to conduct active sales activities during the COVID-19 pandemic, completion of large heating construction projects for protected horticulture was concentrated in the first quarter of the previous fiscal year and demand was brought forward in the second quarter of the previous fiscal year ahead of the consumption tax increase. As a result, total sales were ¥2,968 million, down 21.2% year on year.」
Restrictions on sales activities due to the spread of COVID-19 continued, and the reversal of the concentration of large project completions and demand brought forward in the same period of the previous year also weighed on results, causing total sales to fall 21.2% year on year. - FY2021-Q1MaterialisedAnnual report
「Agricultural equipment in the thermal equipment business, the group's core business, saw a substantial decline in sales from the same period of the previous year because, in addition to the inability to conduct active sales activities during the COVID-19 pandemic, many orders for warm-air heaters for protected horticulture had been brought forward in the previous fiscal year and large orders for heating construction for protected horticulture had been concentrated in the first quarter of the previous fiscal year. Total sales were ¥1,003 million, down 23.5% year on year.」
Restrictions on sales activities due to COVID-19 materialized, and total sales fell 23.5% year on year as the reversal of orders brought forward in the previous fiscal year also weighed on results. - FY2020First statedAnnual report
「The global spread of COVID-19 has created uncertainty about the future business environment for the group. If a situation beyond expectations, such as further spread of the infection, occurs, there is a risk that the health of group employees, business partners and other stakeholders could be harmed, with associated social and economic impacts, making it difficult to continue business activities.」
The company newly disclosed risks of health damage, social and economic impacts and difficulty continuing business activities resulting from the spread of COVID-19. It explained that no material impact on performance for the fiscal year had been observed.