Economic Downturn, Restrictions on Business Activities and Supply Chain Disruptions Caused by COVID-19
First written in FY2020. 5 of 16 entries say "Materialised", first in FY2020. Latest entry: FY2025.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2025DroppedAnnual report
「Business activities may be affected by natural disasters, outbreaks of infectious diseases and other events.」
The annual risk disclosure does not identify COVID-19 specifically, instead describing general risks from natural disasters and infectious diseases. - FY2024-Q3MitigatedAnnual report
「The economy is on a gradual recovery trend as economic activity has normalized and employment conditions have improved following the easing of restrictions on activities in response to COVID-19.」
The Company states that restrictions on activities related to COVID-19 have eased and economic activity has continued to normalize. - FY2024-Q2MitigatedAnnual report
「The economy is on a gradual recovery trend as economic activity has normalized and employment conditions have improved following the easing of restrictions on activities in response to COVID-19.」
The easing of restrictions on activities and the normalization of economic activity have continued, with the description of infection-related restrictions on business activities shifting toward easing. - FY2024-Q1MitigatedAnnual report
「The economy is on a gradual recovery trend as economic activity has normalized following the easing of restrictions on activities in response to COVID-19.」
With respect to COVID-19, the Company cites the easing of restrictions on activities and the normalization of economic activity, shifting from its previous description of restrictions on business activities toward easing. - FY2023-Q3MaterialisedAnnual report
「Asia Although China was subject to restrictions on economic activity under its zero-COVID policy, Asian countries outside China were on a recovery trend from the effects of COVID-19. Revenue exceeded the previous year's level, led by Thailand and Vietnam, bringing revenue for the nine months ended the third quarter of the current fiscal year to ¥3,104 million, up 22.1% year on year, and operating profit to ¥112 million, up 48.4%.」
The economic activity restrictions imposed under China’s zero-COVID policy in response to COVID-19 continue to be cited as a constraint on the business environment. Meanwhile, other Asian countries outside China are described as being on a recovery trend. - FY2023-Q2MaterialisedAnnual report
「In China, sales declined because of the impact of lockdowns and supply chain disruptions. In Thailand, sales of machinery to automobile manufacturers increased, but sales of high-margin products such as tools declined. As a result, revenue for the cumulative second quarter of the current consolidated fiscal year was ¥1,753 million, up 12.7% year on year, while operating profit was ¥31 million, down 25.8%.」
The Company states that lockdowns in China and supply chain disruptions appeared as lower sales, while in Thailand the decline in sales of high-margin products led to lower operating profit. - FY2023-Q1MaterialisedAnnual report
「In China, sales declined because of the impact of lockdowns and supply chain disruptions. In Thailand, orders and sales to automobile manufacturers declined. As a result, revenue for the cumulative first quarter of the current consolidated fiscal year was ¥904 million, down 0.6% year on year, and operating profit was ¥33 million, down 22.6%.」
Lockdowns in China related to COVID-19 are specifically cited as having caused supply chain disruptions and declines in sales and operating profit in Asia. - FY2022RestatedAnnual report
「Risks including unexpected economic fluctuations, restrictions on business activities and supply chain disruptions continue to exist as a result of COVID-19.」
The Company states that risks from infection-related economic fluctuations, restrictions on business activities and supply chain disruptions remain. - FY2022-Q3WorsenedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, Japan’s economy was on a recovery trend as economic activity normalized with the progress of COVID-19 vaccinations. However, uncertainty about the outlook continued because of concerns over the renewed spread of infections caused by new variants and the global semiconductor shortage. Asia Although China is on a recovery trend, orders and sales to automobile and motorcycle manufacturers declined amid the spread of COVID-19, particularly in Southeast Asia. As a result, revenue for the cumulative third quarter of the current consolidated fiscal year was ¥2,542 million, down 8.8% year on year, and operating profit was ¥75 million, down 12.9%.」
In addition to continued concerns over the renewed spread of infections caused by variants, the spread of infections, particularly in Southeast Asia, is cited as having reduced orders and sales to automobile and motorcycle manufacturers in Asia and operating profit. - FY2022-Q2MaterialisedAnnual report
「Although China is on a recovery trend, orders and sales to automobile and motorcycle manufacturers declined amid the spread of COVID-19, particularly in Southeast Asia. As a result, revenue for the cumulative second quarter of the current consolidated fiscal year was ¥1,555 million, down 21.6% year on year, and operating profit was ¥42 million, down 49.2%.」
The spread of COVID-19, particularly in Southeast Asia, is cited as having reduced orders and sales to automobile and motorcycle manufacturers in Asia, as well as operating profit. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter under review, Japan’s economy continued to show signs of recovery in production and exports, as the global economy, particularly in the United States and China, moved toward recovery, despite another spread of COVID-19 infections.」
While the renewed spread of COVID-19 continues, the Company also cites a recovery in production activity and exports accompanying the recovery of the global economy. - FY2021RestatedAnnual report
「Risks including unexpected economic fluctuations, restrictions on business activities and supply chain disruptions continue to exist as a result of COVID-19. Depending on the status of the renewed global spread of COVID-19, declining capital investment demand among automobile-related manufacturers and other core users of the Group could affect each reporting segment, including Japan, and could have a material impact on the Group’s financial position and operating results.」
The Company states that risks from infection-related economic fluctuations, restrictions on business activities and supply chain disruptions remain, and that renewed spread could have a material impact on each segment through capital investment demand. - FY2021-Q3WorsenedAnnual report
「During the cumulative third quarter under review, Japan’s economy remained challenging amid the global spread of COVID-19, although signs of a recovery emerged, due to another increase in infections.」
The Company states that, although there are signs of a recovery from the economic impact of COVID-19, difficult conditions continue because of the renewed spread of infections. - FY2021-Q2MitigatedAnnual report
「During the cumulative second quarter under review, Japan’s economy remained challenging, although signs of a recovery emerged amid the global spread of COVID-19.」
Although the impact of COVID-19 on the economy remains severe, the Company has added language indicating signs of a recovery from the even more difficult conditions in the previous quarter. - FY2021-Q1RestatedAnnual report
「During the cumulative first quarter under review, Japan’s economy became increasingly challenging amid the global spread of COVID-19, in addition to issues including trade friction between the United States and China.」
The Company continues to cite the deterioration of the global economy caused by the spread of COVID-19, with impacts indicated in the form of lower machine-tool demand and weaker business performance. - FY2020MaterialisedAnnual report
「With respect to risks (1), (3) and (4), the Company states that these risks have begun to materialize as a result of COVID-19, including unexpected economic fluctuations, restrictions on business activities and supply chain disruptions.」
The Company states that COVID-19 has caused economic fluctuations, restrictions on overseas business activities and supply chain disruptions, among other risks, to materialize.