Logistics Demand and Operating Risks Resulting from COVID-19
First written in FY2020. 5 of 14 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024MitigatedAnnual report
「Japan's economy was also on a gradual recovery track, while automobile production recovered as the shortage of automotive semiconductors eased, and supply chains continued to normalize.」
The previous impacts, centered on activity restrictions and cancellations of testing operations caused by COVID-19, receded, while the recovery in automobile production and normalization of supply chains were described. - FY2024-Q3MitigatedAnnual report
「During the first nine months of the current fiscal year, the Japanese economy was on a path toward gradual recovery as socioeconomic activity normalized following COVID-19's reclassification to Category 5. However, the outlook for the economy remained uncertain due to geopolitical risks surrounding the situations in Ukraine and the Middle East.」
The company described the normalization of social and economic activity and a gradual recovery after COVID-19 was reclassified as a Class 5 infectious disease, and continued to state that the previous restrictions on activity and impact on demand from the pandemic were easing. However, uncertainty due to geopolitical risks remains. - FY2024-Q1MitigatedAnnual report
「(Testing business) Revenue was ¥539.4 million, up 6.1% year on year, mainly due to a recovery in business volumes. Operating profit was ¥71.5 million, up 78.0% year on year, due to the effect of higher revenue and improved operating efficiency.」
The situation changed from the previous fiscal year, when cancellations and delays in testing operations caused by COVID-19 reduced revenue. During the current quarter, revenue and profit increased as testing volumes recovered. - FY2023-Q3RestatedAnnual report
「(Testing business) Due to cancellations and delays in testing operations, revenue was ¥1,549.2 million, down 3.9% year on year. Operating profit was ¥144.6 million, down 46.5% year on year, due mainly to increases in personnel and outsourcing costs.」
Continued cancellations and delays in testing operations continued to appear as business burdens related to the impact of COVID-19, resulting in lower revenue and lower profit in the testing business. - FY2023-Q2RestatedAnnual report
「(Testing business) Due to cancellations and delays in testing operations caused by COVID-19, revenue was ¥1,019.8 million, down 1.6% year on year.」
Cancellations and delays in testing operations caused by COVID-19 continued to materialize as factors behind the decline in revenue in the testing business. - FY2023-Q1RestatedAnnual report
「(Testing business) Due to cancellations and delays in testing operations caused by COVID-19, revenue was ¥508.6 million, down 1.1% year on year.」
Cancellations and delays in testing operations caused by COVID-19 continued to materialize as actual factors behind the decline in revenue, reaffirming the business impact of this risk. - FY2022-Q3RestatedAnnual report
「Under these circumstances, revenue for our group's third-quarter cumulative consolidated period was ¥14,656 million, up 9.1% year on year, due mainly to a recovery in business volumes.」
Despite the continuing impact of COVID-19 and concerns about variants, revenue continued to increase as business volumes recovered, and the easing of the impact on logistics demand that became apparent in the previous fiscal year continued. - FY2022-Q2MitigatedAnnual report
「Under these circumstances, revenue for our group's second-quarter cumulative consolidated period was ¥9,461 million, up 10.5% year on year, due mainly to a recovery in business volumes.」
Despite the continuing impact of COVID-19 and restrictions on social and economic activity, business volumes recovered and revenue rose 10.5% year on year. - FY2022-Q1MitigatedAnnual report
「Under these circumstances, revenue for our group's first-quarter cumulative consolidated period was ¥4,757 million, up 16.1% year on year, due mainly to a recovery in business volumes.」
Although the impact of COVID-19 and restrictions on economic activity continued, business volumes recovered and revenue rose 16.1% year on year. The impact on logistics demand that became apparent in the previous fiscal year shifted toward easing during the current quarter. - FY2021WorsenedAnnual report
「Looking ahead, the severe economic impact of the global spread of COVID-19 has yet to subside, and the environment surrounding the company remains extremely uncertain and is its greatest concern. In particular, the stagnation of production-related cargo, the group's core business, is making its impact on the group's operations apparent.」
The company stated for the full year that the prolonged impact of COVID-19 and the stagnation of production-related cargo had become apparent as business impacts. - FY2021-Q3WorsenedAnnual report
「During the third-quarter cumulative consolidated period, Japan's economy remained in an extremely difficult situation as the global spread of COVID-19 continued to have a prolonged impact. Economic activity gradually resumed as a result of various government measures, and the economy showed signs of a gradual recovery. However, infections spread again as winter began, and the outlook for the economy remained uncertain amid worsening employment conditions and corporate performance. Under these operating conditions, our group also saw cargo volumes decline in Japan and overseas due to the spread of COVID-19. Revenue for the third-quarter cumulative consolidated period was ¥13,439 million, down 10.8% year on year.」
The prolonged impact of COVID-19, its renewed spread during winter, and worsening employment and corporate performance were described. The business impact also continued in the form of lower cargo volumes in Japan and overseas and a 10.8% decline in revenue. - FY2021-Q2RestatedAnnual report
「Under these operating conditions, our group also saw cargo volumes decline in Japan and overseas due to the spread of COVID-19. Revenue for the second-quarter cumulative consolidated period was ¥8,563 million, down 15.6% year on year.」
The decline in cargo volumes caused by the spread of COVID-19 continued during the cumulative second-quarter period, materializing as a 15.6% decline in revenue. - FY2021-Q1WorsenedAnnual report
「Under these operating conditions, our group also saw cargo volumes decline in Japan and overseas due to the spread of COVID-19. Revenue for the first-quarter cumulative consolidated period was ¥4,097 million, down 19.2% year on year.」
The impact of COVID-19 anticipated at the end of the previous fiscal year materialized in the current quarter as lower cargo volumes in Japan and overseas and a 19.2% decline in revenue. - FY2020MaterialisedAnnual report
「The economic impact of the spread of COVID-19 has been worsening daily. As factory shutdowns and lower operating rates at automotive-related manufacturers, which account for more than 50% of consolidated revenue, continue for an extended period, all segments are expected to be affected. However, as the timing of containment remains unforeseeable, it is currently difficult to predict when recovery will occur.」
The company stated that all segments were affected in the fourth quarter by the spread of COVID-19, and identified as a risk the impact on all segments if factory shutdowns and lower operating rates at automotive-related manufacturers were prolonged. It also provided the structural figure that these manufacturers account for more than 50% of consolidated revenue.