Supply, Demand and Business Operations Risks from the Spread of COVID-19
First written in FY2020. 5 of 14 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2026ReframedAnnual report
「If major customers change their product strategies or procurement policies, including changes resulting from tariff policies in various countries, suspend factory operations due to force majeure such as a pandemic, or undergo corporate reorganizations, sales and profit could be materially affected.」
The disclosure has been reorganized from treating the spread of COVID-19 as an independent major risk to treating a pandemic as a general force majeure factor within the risk of dependence on major customers and suppliers. - FY2024-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there are no new business or other risks and no material changes from the previous fiscal year. In the external environment, concerns about an economic downturn due to monetary tightening, uncertainty over the outlook for the Chinese economy and geopolitical risks continue. - FY2024-Q2RestatedAnnual report
「No new business or other risks arose during the six months ended 30 September. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there are no new business or other risks and no material changes from the previous fiscal year. In the external environment, downside risks to the economy from inflation, monetary tightening and geopolitical risks continue. - FY2024-Q1RestatedAnnual report
「During the three months ended the first quarter, economic and social activity normalized following the COVID-19 pandemic. However, downside risks to the economy remained significant due to worldwide inflation, associated monetary tightening in various countries and heightened geopolitical risks, leaving the outlook uncertain.」
Although economic and social activity normalized following the COVID-19 pandemic, external-environment risks including inflation, monetary tightening and geopolitical risks remained present. The company stated that there were no new risks or material changes to business and other risks. - FY2023-Q3RestatedAnnual report
「During the nine months ended the third quarter, economic activity normalized on the assumption of living with COVID-19, mainly in Europe and the United States. However, the outlook for the economy remained uncertain due to worldwide inflation, higher resource prices associated with Russia’s invasion of Ukraine, changes in monetary policy in various countries and the resulting sharp foreign-exchange fluctuations.」
Economic activity continued to normalize on the assumption of living with COVID-19, and the easing of pandemic-related restrictions on economic activity continued. At the same time, other external-environment risks, including inflation, higher resource prices and changes in monetary policy, remained present. - FY2023-Q2MitigatedAnnual report
「During the six months ended the second quarter, economic activity normalized on the assumption of living with COVID-19. However, concerns about an economic slowdown intensified against a backdrop of worldwide inflation, higher resource prices associated with Russia’s invasion of Ukraine and monetary tightening in various countries, leaving the outlook uncertain.」
Restrictions on economic activity caused by COVID-19 eased as normalization progressed on the assumption of living with the virus. At the same time, other external-environment risks, including inflation, higher resource prices and monetary tightening, intensified. - FY2023-Q1Normalization under COVID-19 and continued uncertaintyAnnual report
「During the three-month period ended in the first quarter, the global economy remained uncertain despite progress toward normalizing economic activity based on the so-called living with COVID-19, particularly in Europe and the United States. Downside risks to the economy, including the worsening and prolongation of the situation in Ukraine, soaring energy prices, and monetary tightening in various countries, also became evident.」
Although economic activity normalized under COVID-19, geopolitical, energy and monetary policy risks unrelated to the pandemic emerged, leaving uncertainty about the outlook. - FY2022-Q3WorsenedAnnual report
「During the nine months ended the third quarter, the global economy recovered mainly in China, Europe and the United States. However, from the third quarter onward, the number of infections began to rise sharply due to new COVID-19 variants, and the timing of the end of the global COVID-19 pandemic remained unclear, leaving the outlook uncertain.」
Although economic recovery progressed mainly in China, Europe and the United States, the company disclosed a sharp increase in infections caused by new variants and uncertainty over when the pandemic would end, indicating that COVID-19 risks were becoming prolonged and more serious. - FY2022-Q2MaterialisedAnnual report
「Semiconductor and electronic component supply and demand became tight, partly due to production facility shutdowns mainly in Southeast Asia resulting from the spread of COVID-19.」
The shutdown of production facilities in Southeast Asia caused by the spread of COVID-19 actually occurred and was described as contributing to tight supply and demand for semiconductors and electronic components. - FY2022-Q1RestatedAnnual report
「During the three-month period ended in the first quarter, economic activity recovered mainly in China, Europe, and the United States, but the timing of the containment of COVID-19 remained unforeseeable. In addition, issues that had existed before the pandemic, such as U.S.-China trade friction, resurfaced, and uncertainty about the outlook continued.」
Although economic activity recovered mainly in China, Europe and the United States, the timing of the end of the COVID-19 pandemic remained unclear. The company determined that there were no material changes to the supply, demand and business operations risks associated with the spread of COVID-19. - FY2021-Q3WorsenedAnnual report
「During the nine months ended the third quarter, the global economy remained in a difficult situation as countries were forced to continue economic activity while thoroughly implementing infection-control measures amid the prolonged impact of the COVID-19 pandemic.」
The impact of the COVID-19 pandemic continued to be prolonged, and the company stated that difficult economic conditions persisted. In the device business, the impact on customers’ and suppliers’ activities continued, as did supply, demand and business operations risks. - FY2021-Q2WorsenedAnnual report
「Core Devices declined due to the spread of COVID-19 and changes in suppliers’ distribution channels. The volume business also declined significantly due to the impact of optimizing sales volume as part of the business portfolio transformation, resulting in sales of ¥48.070 billion, down 19.1% year on year.」
The demand- and supply-side effects of the COVID-19 pandemic continued and appeared as lower sales and losses in the device business, including Core Devices and Strategic Devices. The business impact of COVID-19 risks continued and became more concrete from the previous quarter. - FY2021-Q1MaterialisedAnnual report
「During the six months ended the first quarter, in addition to a decline in the volume business from the same period of the previous year, production activity at customers and suppliers stagnated as a result of the spread of COVID-19. Core Devices and Strategic Devices also declined, resulting in sales of ¥19.364 billion, down 19.2% year on year.」
The stagnation of production activity at customers and suppliers associated with the spread of COVID-19 actually occurred, resulting in a 19.2% year-on-year decline in device business sales. - FY2020First statedAnnual report
「The spread of the novel coronavirus infection has expanded worldwide. This could reduce sales and profit through supply delays resulting from lower operating rates at suppliers’ factories and disruptions to logistics networks, as well as lower demand resulting from declines in customers’ production and sales. If an employee of the group becomes infected, business operations could also be disrupted through the closure of offices or other facilities.」
The company disclosed for the first time the spread of COVID-19 as an independent major risk involving multiple channels, including supply delays, lower demand and facility closures caused by employee infections. It explained that the pandemic had begun to affect the business from the fourth quarter onward, although the impact was limited.