Risk of Declining Demand and Restrictions on Business Activities Due to the Spread of COVID-19
First written in FY2020. 4 of 14 entries say "Worsened", first in FY2021. Latest entry: FY2024-Q2.
Canox moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
56 other companies' latest entry also says "Mitigated".
- FY2024-Q2MitigatedAnnual report
「Japan's economy during the cumulative second quarter of the current consolidated fiscal year remained on a gradual recovery trend, as the lifting of many restrictions on behavior following the reclassification of COVID-19 as a Class 5 disease supported a recovery in private consumption and inbound demand.」
The disclosure states that many restrictions on behavior associated with COVID-19 were lifted, supporting a recovery in private consumption and inbound demand. - FY2024-Q1Social and economic activity accelerated as restrictions on behavior were easedAnnual report
「Japan's economy during the cumulative first quarter of the current consolidated fiscal year showed signs of movement toward more active social and economic activity as restrictions on behavior were eased following the reclassification of COVID-19 as a Class 5 disease.」
The disclosure changed from describing restrictions on behavior and business activities due to the infection to describing the easing of restrictions on behavior following the Class 5 reclassification and signs of more active social and economic activity. - FY2023Social and economic activity is normalizing, while supply constraints and uncertainty persistAnnual report
「Infections with COVID-19 peaked out after the summer, and the effects of infection-prevention measures, including vaccinations, also led to the start of a movement toward normalizing social activity. Corporate activity also began to show signs of recovery from the second half of the year, but difficulties in procuring components, including semiconductors, continued for an extended period due to the effects of prolonged bottlenecks in global supply chains.」
The disclosure indicated that infections had peaked and that social activity was normalizing and corporate activity was recovering, while difficulties in procuring components and supply-chain bottlenecks continued. - FY2023-Q3RestatedAnnual report
「Japan's economy during the cumulative first 3 quarters of the current consolidated fiscal year showed signs of normalization in social and economic activity as restrictions on behavior were eased, even as the impact of COVID-19 continued,」
The disclosure states that while the impact of COVID-19 continued, social and economic activity also showed signs of returning to normal as restrictions on behavior were eased. - FY2023-Q2RestatedAnnual report
「In economic activity, energy security issues arising from high dependence on overseas sources have become more serious, while supply networks for components, including semiconductors, remain on the path to recovery, and the manufacturing sector ended the first half without reaching normal operating levels.」
While efforts were being made to normalize social and economic activity in the post-COVID environment, restrictions on business activity and supply constraints continued, including the ongoing recovery of component supply networks and manufacturing operations remaining below normal levels. - FY2023-Q1RestatedAnnual report
「During the first quarter of the fiscal year, Japan's economy remained subject to restrictions on socioeconomic activity, including damage to supply chains resulting from the renewed spread of COVID-19 variants and the prolonged Russian invasion of Ukraine, and the economic outlook remained uncertain.」
The disclosure states that restrictions on social and economic activity and uncertainty over economic conditions continue due to the renewed spread of COVID-19 variants. - FY2022WorsenedAnnual report
「Although Japan's economy during the current consolidated fiscal year aimed to normalize social and economic activity through progress in vaccinations amid the prolonged impact of COVID-19, the renewed spread of infections caused by new variants means that the fight against COVID-19 continues.」
The prolonged infection and its renewed spread caused by new variants were described as obstructing the normalization of social and economic activity. - FY2022-Q3WorsenedAnnual report
「Although automotive-related activity had shown signs of recovery from the second half of the previous fiscal year, the impact of COVID-19 continues to have a serious effect on the supply chain, including production cuts caused by shortages of semiconductors and parts and the renewed spread of the infection.」
Although automotive-related activity had shown signs of recovery, production cuts caused by shortages of semiconductors and parts and the renewed spread of the infection occurred, and the serious impact on the supply chain continues. - FY2022-Q2WorsenedAnnual report
「Although automotive-related activity had shown signs of recovery from the second half of the previous fiscal year, the impact of COVID-19 continues to have a serious effect on the supply chain, including production cuts caused by shortages of semiconductors and parts.」
Although automotive-related activity had shown signs of recovery, the disclosure describes production cuts caused by shortages of semiconductors and parts, as well as the infection's serious impact on the supply chain. - FY2021WorsenedAnnual report
「The spread of COVID-19 has again continued worldwide, and in Japan as well, consumption has fallen sharply as people refrain from going out, while businesses in a wide range of industries have been forced to restrict their activities. Under these circumstances, the business activities of domestic users of steel products have also been affected, and if the COVID-19 pandemic is prolonged, it may affect the Group's business performance.」
The disclosure describes the renewed global spread of the infection, reduced consumption, restrictions on business activities and the impact on users of steel products, indicating that the risk is continuing and has intensified again. - FY2021-Q3MaterialisedAnnual report
「During the first nine months of the fiscal year, Japan's economy showed some signs of a gradual recovery as social and economic activity resumed after the sharp deterioration caused by the spread of COVID-19. However, uncertainty over the outlook intensified again due to the renewed spread of COVID-19 in Japan and overseas.」
The renewed spread of the infection, which was cited as a concern in the second quarter, actually occurred, and the disclosure states that uncertainty over the outlook has intensified again. - FY2021-Q2The economy turned toward recovery, but concerns over a renewed spread of the infection persistAnnual report
「During the first six months of the fiscal year, Japan's economy showed signs of a gradual recovery as social and economic activity resumed after the sharp deterioration caused by the spread of COVID-19. However, uncertainty over the outlook remained due to instability in the global economy, including the US-China trade conflict, and concerns over a further spread of COVID-19.」
While the deterioration in economic conditions caused by the spread of the infection continued, a gradual recovery accompanying the resumption of social and economic activity was described. Concerns over a renewed spread of the infection remain. - FY2021-Q1MaterialisedAnnual report
「The sharp deterioration in economic conditions caused by the spread of COVID-19 has created an uncertain outlook.」
The deterioration in economic conditions caused by COVID-19 was reflected in actual business performance, with revenue declining 31.8% year on year and the Company recording an operating loss, an ordinary loss and a quarterly net loss attributable to owners of the parent. - FY2020First statedAnnual report
「The spread of COVID-19 has continued worldwide, and in Japan as well, consumption has fallen sharply as people refrain from going out, while businesses in a wide range of industries have been forced to restrict their activities. Under these circumstances, the business activities of domestic users of steel products, including the automotive industry, one of the Company's Group's principal customer industries, have also been affected. If the COVID-19 pandemic is prolonged, it may affect the Group's business performance.」
The impact of COVID-19 on consumption, restrictions on business activities, and the impact on the automotive industry and users of steel products were identified as separate risks for the first time. While the business activities of customers have already been affected, the impact on business performance if the situation is prolonged was described as a possibility.