Impact of the spread of COVID-19 on demand, operations and business performance
First written in FY2021-Q1. 8 of 13 entries say "Mitigated", first in FY2021-Q3. Latest entry: FY2025.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2025DroppedAnnual reportThe discussion of the business environment, risks and financial results for the current fiscal year does not address the impact of the spread of COVID-19 and lockdowns as a separate topic.
- FY2023MitigatedAnnual report
「During the current consolidated fiscal year, the domestic and overseas economic environment surrounding the group entered a gradual recovery trend as the easing of restrictions on activity related to COVID-19 advanced the normalisation of socioeconomic activity and eased semiconductor shortages and supply chain disruptions.」
The company explained that the easing of restrictions on activity related to COVID-19 normalised socioeconomic activity and eased semiconductor shortages and supply chain disruptions. It did not state that the impact of the pandemic had disappeared completely. - FY2023-Q3MitigatedAnnual report
「Meanwhile, although the impact of COVID-19 in Japan continued, the easing of restrictions on activity advanced the normalisation of socioeconomic activity. Personal consumption and employment conditions improved gradually, and corporate capital investment remained firm, resulting in a gradual recovery in the economy.」
Although the impact of COVID-19 remained, the company stated that the easing of restrictions on activity advanced the normalisation of socioeconomic activity and that the domestic economy recovered gradually. quantified=false, materialized=true - FY2023-Q2MitigatedAnnual report
「Meanwhile, in Japan, although pressure for higher prices was intensifying as the yen weakened, restrictions on activity were eased following the end of priority measures to prevent the spread of disease, and the economy recovered gradually, led by a recovery in personal consumption.」
The company stated that domestic economic conditions and personal consumption recovered as activity restrictions related to COVID-19 were eased. It did not state that the pandemic had been contained. - FY2023-Q1MitigatedAnnual report
「Although operations were affected by the lockdown in Shanghai, China, the company continued operations and minimized the impact by sharing procurement and sales routes among Group companies in China and implementing rigorous process management.」
Although the company was affected by the COVID-19 lockdown in Shanghai, China, it continued operations through the sharing of supplies among group companies and production-process management, and explained that it had minimised the impact. - FY2022Continued infection-control measures and specified attendance-rate targets, actual results and site-level measuresAnnual report
「During the state of emergency, the company sought to limit human mobility with a target office attendance rate of 40%, and its attendance rates were 41.5% in the first half and 45.8% in the second half. In addition, it thoroughly implemented measures at each site to prevent the introduction and transmission of the virus, including installing thermometers, partitions and photocatalytic deodorising devices and applying antiviral coatings.」
Although the risks of a prolonged and renewed spread of COVID-19 remained, the company continued to reduce office attendance and use telework, staggered commuting, hygiene equipment and antiviral measures. Overseas production sites also continued operating except during lockdown periods. - FY2022-Q3WorsenedAnnual report
「Meanwhile, although various problems, including higher resource prices, component shortages and logistics disruptions resulting from the renewed spread of COVID-19, continued for an extended period, capital investment and production activity generally remained steady.」
The company described the reopening of economic activity as vaccination progressed and restrictions on activity were eased, while also reporting that the resulting increases in resource prices, component shortages and prolonged logistics disruptions continued. - FY2022-Q2MitigatedAnnual report
「During the cumulative first half of the current consolidated fiscal year, economic conditions in Japan and overseas remained such that the containment of COVID-19 was still unforeseeable. Nevertheless, the economy recovered gradually as vaccination progressed and restrictions on activity were eased, with signs of recovery in capital investment and production activity across the manufacturing sector.」
While stating that the containment of COVID-19 remained unforeseeable, the company reported signs of recovery in the economy, capital investment and production activity as vaccination progressed and restrictions on activity were eased. - FY2022-Q1WorsenedAnnual report
「Although COVID-19 was spreading again in Japan and elsewhere around the world and its containment remained unforeseeable, economic activity had recovered from a year earlier in major Western countries and China, where vaccination had progressed ahead of other regions.」
The company described the renewed spread of COVID-19 and the uncertainty surrounding its containment, while explaining that economic activity had recovered in China and major Western countries where vaccination had progressed. quantified=false, materialized=true - FY2021MitigatedAnnual report
「At domestic sales offices, the company continued operations while thoroughly implementing safety measures such as telework and staggered commuting. During the state of emergency, it sought to limit human mobility with a target attendance rate of 20%, and its attendance rates were 39.1% in the first half and 46.5% in the second half.」
Although the impact of COVID-19 continued, the company implemented telework, staggered commuting, reduced office attendance and hygiene measures at overseas locations. It stated that infections were limited to 2 at KAGA ELECTRONICS CO.,LTD., 14 at domestic group companies, 0 in China and Asia, 30 in Europe and 20 in the Americas. - FY2021-Q3MitigatedAnnual report
「Demand has been recovering from its low point in the first quarter of the consolidated fiscal year. In the three months of the third quarter of the current consolidated fiscal year, revenue recovered to approximately the previous year’s level, while all profit items from gross profit onward returned to growth.」
Although the effects of weaker demand and operating suspensions caused by COVID-19 continued, demand recovered from its low point in the first quarter. In the three months of the third quarter, revenue was approximately at the previous year’s level and profit items returned to growth. - FY2021-Q2RestatedAnnual report
「The company has made estimates based on the assumption that the impact of the spread of COVID-19 will continue through the end of the current consolidated fiscal year and recover gradually from the following fiscal year onward. However, because the impact of the unprecedented spread of COVID-19 contains uncertainties, actual results may differ from these estimates.」
The company continued to state its assumption that the impact of COVID-19 would continue through the end of the current consolidated fiscal year and that actual future results could differ from this assumption. - FY2021-Q1First statedAnnual report
「The impact of consumption weakening and, in the manufacturing sector, some factories being forced to suspend operations as a result of measures such as lockdowns imposed in various countries in response to the spread of COVID-19」
The spread of COVID-19, lockdowns in various countries, factory shutdowns and weaker consumption materially affected first-quarter performance. Revenue declined 23.2% year on year, while revenue in the electronic components business declined 27.9%. The company also stated that its accounting estimates assumed the impact would continue through the end of the fiscal year and recover gradually from the following fiscal year onward, while noting the possibility of a variance from actual results.