Impact of the COVID-19 pandemic on business and operating performance
First written in FY2020. 4 of 9 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2023-Q1.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2023-Q1MitigatedAnnual report
「Gross profit was ¥24.5 billion, up ¥8.5 billion, or 53.6%, year on year, due mainly to higher unit sales in the automotive and construction machinery-related businesses as the impact of COVID-19 eased, while operating profit was ¥6.6 billion, up ¥5.4 billion, or 449.5%, year on year.」
As the impact of COVID-19 eased, unit sales increased in the automotive and construction machinery-related businesses, improving performance in construction machinery, industrial machinery and mobility. - FY2022-Q3MitigatedAnnual report
「Gross profit was ¥77.0 billion, up ¥17.9 billion, or 30.4%, year on year, due mainly to higher unit sales in the automotive and construction machinery-related businesses as the impact of COVID-19 eased, while operating profit was ¥21.1 billion, up ¥10.0 billion, or 89.3%, year on year.」
The improvement in the construction machinery, industrial machinery and mobility businesses from higher unit sales in the automotive and construction machinery-related businesses as the impact of COVID-19 eased was also confirmed in cumulative third-quarter results. - FY2022-Q2MitigatedAnnual report
「Gross profit was ¥50.3 billion, up ¥12.6 billion, or 33.6%, year on year, due mainly to higher unit sales in the automotive and construction machinery-related businesses as the impact of COVID-19 eased, while operating profit was ¥14.2 billion, up ¥8.0 billion, or 130.5%, year on year.」
As the impact of COVID-19 eased, unit sales increased in the automotive and construction machinery businesses, improving performance in construction machinery, industrial machinery and mobility. - FY2022-Q1MitigatedAnnual report
「Gross profit was ¥24.5 billion, up ¥8.5 billion, or 53.6%, year on year, due mainly to higher unit sales in the automotive and construction machinery-related businesses as the impact of COVID-19 eased, while operating profit was ¥6.6 billion, up ¥5.4 billion, or 449.5%, year on year.」
As the impact of COVID-19 eased, unit sales increased in the automotive and construction machinery-related businesses, improving performance in construction machinery, industrial machinery and mobility. - FY2021MaterialisedAnnual report
「Gross profit was ¥14.6 billion, down ¥11.6 billion, or 44.3%, year on year, due to sluggish sales of aircraft parts and engines and lower ship operating revenue associated with the impact of COVID-19, while operating profit was ¥4.2 billion, down ¥9.9 billion, or 70.2%, year on year.」
The impact of COVID-19, including sluggish aircraft parts and engine sales and lower ship operating revenue, materialized in the full-year results. - FY2021-Q3MaterialisedAnnual report
「Gross profit was ¥10.1 billion, down ¥10.5 billion, or 50.8%, year on year, due to sluggish sales of aircraft parts and engines and lower ship operating revenue associated with the impact of COVID-19, while operating profit was ¥2.5 billion, down ¥9.1 billion, or 78.6%, year on year.」
The impact of COVID-19 materialized in cumulative third-quarter results as sluggish aircraft parts and engine sales and lower ship operating revenue. Lower profits were also reported in construction machinery, tires and rubber materials, US aircraft leasing, apparel and other businesses. - FY2021-Q2MaterialisedAnnual report
「Gross profit was ¥9.1 billion, down ¥2.3 billion, or 20.2%, year on year, due to lower sales of apparel and other products associated with the impact of COVID-19, while operating profit was ¥900 million, down ¥1.2 billion, or 55.7%, year on year.」
The impact of COVID-19 materialized in the second quarter as lower profit in the lifestyle business due to lower apparel sales. Impacts were also reported in aircraft parts and engines, shipping, and construction machinery. - FY2021-Q1MaterialisedAnnual report
「Gross profit was ¥3.8 billion, down ¥1.1 billion, or 23.3%, year on year, due to lower sales of apparel and other products associated with the impact of COVID-19, while operating profit (loss) was a loss of ¥300 million, a deterioration of ¥700 million year on year.」
The impact of COVID-19 on the business materialized as a loss in the lifestyle business due to lower sales of apparel and other products. Lower profits were also reported in aircraft parts and engine sales, ship operating revenue, and construction machinery and automotive-related businesses. - FY2020First statedAnnual report
「The spread of COVID-19 may have various impacts on the Company's Group, which operates a diversified range of businesses across a broad spectrum of fields.」
The impacts on financial services and leasing, transportation equipment, oil and gas, iron ore, coal, copper mining and other businesses were disclosed separately as risks, with the expectation that the impacts would continue through fiscal 2021.