Risk of deterioration in orders and earnings due to the spread of COVID-19
First written in FY2021-Q1. 5 of 11 entries say "Mitigated", first in FY2022-Q2. Latest entry: FY2026.
Somar 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: 112 of 175 companies on the "Worse" side.
55 other companies' latest entry also says "Dropped".
- FY2026DroppedAnnual report
「The domestic economy has begun to show signs of recovery.」
In the risks associated with the business environment and operations for the current fiscal year, the disclosure of a risk of deteriorating orders and business performance specifically citing COVID-19 has been removed. - FY2024-Q1MitigatedAnnual report
「Economic activity is moving toward normalization as restrictions on movement have been eased in response to the COVID-19 pandemic, and the economy has entered a trend of gradual recovery.」
The Company stated that the easing of restrictions on movement and normalization of economic activity had reduced the risk of pandemic-related deterioration in orders and business performance from the previous fiscal year. - FY2023-Q3MitigatedAnnual report
「Regarding the future business environment, the Company expects the spread of COVID-19 to subside to some extent and the economy to recover, but anticipates that a full recovery will take considerable time due to concerns over an overseas economic downturn.」
The Company stated that the spread of COVID-19 was expected to subside to some extent and the economy to recover, easing the risk of pandemic-related deterioration in orders and business performance from the previous quarter. However, concerns remain that an overseas economic downturn will prolong the recovery. - FY2023-Q2MitigatedAnnual report
「Regarding the future business environment, the Company expects the spread of COVID-19 to subside to some extent and the economy to recover, but anticipates that a full recovery will take considerable time due to the impact of prolonged supply constraints, higher prices caused by excessive yen depreciation, and concerns over an overseas economic downturn.」
The Company stated that the spread of COVID-19 was expected to subside to some extent and the economy to recover, partially easing the risk of pandemic-related deterioration in orders and business performance from the previous quarter. However, concerns remain that supply constraints and other factors will prolong the recovery. - FY2023-Q1WorsenedAnnual report
「The business environment is expected to recover as infection-control measures and vaccination programs become more widespread. However, a full-fledged recovery is expected to take a considerable amount of time due to a sharp increase in the number of infected people, the impact of prolonged supply constraints, higher prices caused by the weaker yen and concerns about a downturn in overseas economies.」
The number of infections continued to rise rapidly, while supply constraints, higher prices due to the weaker yen, and concerns over an overseas economic downturn were also cited, leading to the expectation that a full recovery would take considerable time. - FY2022-Q3MitigatedAnnual report
「As economic activity resumed, sales to major customers in the automotive parts and paper industries, where orders had languished in the same quarter of the previous year due to the impact of the COVID-19 pandemic, recovered substantially.」
Sales to the automotive parts and paper industries, which had languished in the same quarter of the previous year due to the pandemic, recovered substantially, partially easing the impact on orders and business performance. - FY2022-Q2MitigatedAnnual report
「As economic activity resumed, sales to major customers in the automotive parts and paper industries, where orders had languished in the same quarter of the previous year due to the impact of the COVID-19 pandemic, recovered substantially.」
Sales to major customers, which had languished in the same quarter of the previous year due to the pandemic, recovered substantially, partially easing the impact on orders and business performance. - FY2022-Q1WorsenedAnnual report
「Although some industries showed signs of a gradual recovery as market trends reflected expectations for a post-COVID environment, the global economy and business environment remained chaotic and corporate performance extremely challenging due to the renewed spread of COVID-19, tight semiconductor supply and demand accompanying the progress of digitalization and high-speed 5G communications, and a sharp rise in material procurement costs caused by soaring crude oil prices.」
Although some industries showed signs of recovery, business conditions remained challenging as the renewed spread of the pandemic coincided with tight semiconductor supply and demand and a sharp rise in material procurement costs. - FY2021-Q3WorsenedAnnual report
「During the first nine months of the current fiscal year, government economic support measures in response to the spread of COVID-19 and improving IT market conditions in the global market provided signs of a gradual recovery in some industries. However, the third wave of COVID-19 caused the global economy and business environment to deteriorate again, and corporate results remained extremely challenging.」
The global economy and business environment deteriorated again due to the third wave of the pandemic, and business performance continues to worsen as order trends in major related industries weaken. - FY2021-Q2MaterialisedAnnual report
「Under these conditions, the Group has also been affected by the COVID-19 pandemic, as the deterioration in the order environment in related industries has reduced sales of mainstay products and affected business activities and performance. Although the Group continues to monitor industry trends, it remains difficult to accurately foresee when the pandemic will subside or determine its specific impact under these circumstances, and it may have a material impact on the Group’s future performance and other matters.」
The deterioration in the order environment in related industries, lower sales of mainstay products, and impacts on business activities and performance caused by the spread of the pandemic continue to occur in practice. The timing of a resolution and the outlook for its impact remain difficult to assess. - FY2021-Q1First statedAnnual report
「As the COVID-19 pandemic spread globally and continued for an extended period, economic activity stagnated and the outlook became extremely uncertain. Under these conditions, the Group has also been affected by the pandemic, as adjustments to operating rates in the automotive-related industries have deteriorated the order environment, resulting in lower sales of mainstay products and an impact on business activities and performance. Although the Group continues to monitor the situation closely, under these circumstances it is difficult to foresee when the pandemic will subside or to determine its specific impact, making a reasonable estimate impossible at this stage. It may have a material impact on the Group’s future performance and other matters.」
The spread and prolongation of the COVID-19 pandemic have already led to operating-rate adjustments in the automotive-related industries, a deterioration in the order environment, and lower sales of mainstay products. The timing of a resolution and the impact cannot be reasonably estimated.