Stagnation in economic activity caused by COVID-19 and declining demand across businesses
First written in FY2021-Q1. 4 of 11 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2020: 112 of 175 companies on the "Worse" side.
17 other companies' latest entry also says "Softened".
- FY2023SoftenedAnnual report
「If an infectious disease spreads or becomes prevalent in the future, it may affect the financial condition and business results of the Company Group.」
The discussion shifted from the recent impact of COVID-19 on business results to the risks and responses associated with future infectious disease outbreaks in general. - FY2023-Q3RestatedAnnual report
「In contract manufacturing of functional materials, sales increased as demand for in-store sales recovered because the impact of COVID-19 was less pronounced than in the same period of the previous year.」
The impact of COVID-19 was less severe than in the same period of the previous year, and the recovery in demand for sales through stores has continued. - FY2023-Q2MitigatedAnnual report
「Revenue increased as demand for sales through stores recovered because the impact of COVID-19 was less severe than in the same period of the previous year.」
The impact of COVID-19 on demand for sales through stores was less severe than in the same period of the previous year, and demand for contract manufacturing of functional materials recovered. - FY2023-Q1MitigatedAnnual report
「Revenue increased as demand for sales through stores recovered because the impact of COVID-19 was less severe than in the same period of the previous year.」
The impact of COVID-19 on demand for sales through stores was less severe than in the same period of the previous year, and demand for contract manufacturing of functional materials recovered. - FY2022-Q3Overall impact reduced; one-off costs incurred in VietnamAnnual report
「Although the impact of COVID-19 on business activity has declined from the same period of the previous year, restrictions such as movement controls and lockdowns were tightened in Vietnam from July through October last year to address COVID-19. This significantly affected conventional production activities in responding to the restrictions, and substantial one-off costs were recorded. The restrictions have since been eased.」
The overall impact of COVID-19 declined from the same period of the previous year, but tighter restrictions in Vietnam affected production activities and resulted in one-off costs. The restrictions have since been eased. - FY2022-Q2Reduced overall impact; costs incurred due to restrictions in VietnamAnnual report
「Although economic activity has been constrained by the spread of COVID-19, its impact on revenue has declined from the same period of the previous year due to enhanced infection-prevention measures and increased online business meetings. In Vietnam, however, restrictions such as movement controls and lockdowns to address COVID-19 were tightened from July this year, and substantial response costs were recorded.」
While infection-prevention measures and online business meetings reduced the overall impact on revenue from the same period of the previous year, restrictions such as movement controls and lockdowns were tightened in Vietnam from July, resulting in substantial response costs. - FY2022-Q1MitigatedAnnual report
「Although economic activity has been constrained by the quasi-emergency measures to prevent the spread of disease and the state of emergency declarations implemented and issued in response to COVID-19, the impact has declined from the same period of the previous year due to enhanced infection-prevention measures and increased online business meetings.」
Although economic constraints resulting from the quasi-emergency measures to prevent the spread of disease and the state of emergency declarations continue, their impact declined from the same period of the previous year due to enhanced infection-prevention measures and increased online business meetings. - FY2021RestatedAnnual report
「The global impact of COVID-19 has created an uncertain outlook for the business environment surrounding the Company Group.」
The uncertainty caused by COVID-19 was explicitly identified as a risk for the year, and infection-prevention measures such as working from home, staggered working hours and web conferences are continuing. - FY2021-Q3RestatedAnnual report
「COVID-19 has still not been brought under control at this time, but business activity is moving toward recovery.」
Although COVID-19 has not been brought under control, business activity is moving toward recovery. - FY2021-Q2RestatedAnnual report
「COVID-19 has still not been brought under control at this time, but business activity is gradually moving toward recovery.」
Although COVID-19 has not been brought under control and effects such as reduced customer operations continue, business activity is gradually moving toward recovery. - FY2021-Q1First statedAnnual report
「Although economic activity has been affected by COVID-19, the Company Group has continued to implement various measures and investments in each business segment under these conditions. Revenue from the resin and electronics-related business declined 26.3% year on year to ¥1,263 million due to lower demand resulting from the impact of COVID-19.」
The stagnation of economic activity due to COVID-19 was explicitly mentioned for the first time, with actual effects emerging across multiple segments, including lower demand for resin and electronics, reduced customer operations in the energy business, and fewer orders for non-residential properties such as hotels in the housing equipment business.