Risk of Changes in Orders and Supply Chains Due to COVID-19
First written in FY2020. 4 of 15 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2024-Q3.
Nippo 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: 113 of 177 companies on the "Worse" side.
36 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「During the first 3 quarters of the fiscal year under review, continued inflation accompanying global monetary tightening and the slowdown in the Chinese economy exerted broad downward pressure on overseas economies. Meanwhile, Japan's economy remained on a gradual recovery path, as personal consumption and capital investment continued to increase following the easing of various COVID-19 restrictions and progress toward normalization of socioeconomic activity.」
The easing of various COVID-19 restrictions and the normalization of socioeconomic activity continued to be indicated, while the previous impact centered on restrictions on personal movement and stagnation in economic activity remained weaker. - FY2024-Q2RestatedAnnual report
「The Japanese economy continued on a moderate recovery trend, as personal consumption and capital investment increased following the easing of various COVID-19 restrictions and progress toward the normalization of socioeconomic activity.」
The easing of restrictions related to infectious diseases and the normalization of socioeconomic activity continued to be indicated, while the previous impact centered on restrictions on personal movement and stagnation in economic activity remained weaker. - FY2024-Q1SoftenedAnnual report
「Regarding the external environment during the first quarter of the fiscal year, various restrictions related to COVID-19 were eased and socioeconomic activity moved toward normalization. The overall economy remained on a moderate recovery trend, with signs of a recovery in personal consumption and capital investment.」
The easing of various COVID-19 restrictions and the normalization of socioeconomic activity were indicated, while the description shifted toward a weakening of the previous impact centered on restrictions on personal movement and stagnation in economic activity. - FY2023-Q3MaterialisedAnnual report
「The segment operated with strong orders for wiring-board materials for telecommunications base stations and servers, the dry-film business at the Vietnam plant and the carrier business for wafer polishing at the Okinawa plant, while being affected by smartphone-related materials, which had entered an adjustment phase, and supply-chain disruptions caused by China's lockdowns.」
Supply-chain disruptions associated with infectious diseases and China's lockdowns continued to have an actual impact on businesses involving smartphone-related materials and other products. - FY2023-Q2MaterialisedAnnual report
「The business environment surrounding the Group was affected by supply-chain disruptions caused by the spread of COVID-19 and shortages of semiconductors and electronic components, resulting in significant fluctuations in production plans by industry, region and customer. In addition, the yen depreciated sharply, resource prices rose substantially and logistics costs increased, leaving the Group operating in circumstances where it was impossible to accurately forecast the outlook for its business performance.」
The effects of supply-chain disruptions and shortages continued to emerge in actual results as significant fluctuations in production plans by industry, region and customer. In Electronics, the impact of supply-chain disruptions caused by China's lockdowns was also described. - FY2023-Q1MaterialisedAnnual report
「During the cumulative first quarter of the consolidated fiscal year, the Group's business environment was affected by disruptions to supply chains caused by the spread of the novel coronavirus disease and shortages of semiconductors and electronic components. Production plans fluctuated significantly by industry, region and customer, while the rapid depreciation of the yen, soaring resource prices and higher logistics costs also made it impossible to accurately foresee the outlook for business performance.」
Supply-chain disruptions associated with infectious diseases actually emerged in the business environment during the quarter as significant fluctuations in production plans by industry, region and customer. - FY2022RestatedAnnual report
「In response to this risk, we will continue basic infection-control measures such as wearing masks, gargling and disinfecting hands, while working under normal conditions to adjust supply and demand in coordination with customers and partner companies and to level out production through inventory holdings.」
The risks of lockdowns and the scaling back or suspension of production activities due to infectious diseases remain, with basic infection-control measures, supply-demand adjustment and production leveling through inventory holdings serving as countermeasures. - FY2022-Q3Recovery production coexisting with the impact of the infectious diseaseAnnual report
「During the first 3 quarters of the fiscal year under review, the business environment surrounding our Group was characterized by movement restrictions imposed in the countries where we operate due to the spread of COVID-19, while customers proceeded with recovery production to meet strong demand. However, the global issue of shortages of semiconductors and electronic components slowed this momentum.」
While movement restrictions were imposed in various countries, customers were advancing recovery production, and signs of recovery from the impact of the infectious disease were observed. However, shortages of supplies continued to dampen the momentum. - FY2022-Q2WorsenedAnnual report
「During the six months ended the second quarter of the current fiscal year, the business environment surrounding the Group was affected at manufacturing sites in various countries by production adjustments at its major customers, automotive-parts and printer manufacturers, amid shortages of semiconductors and electronic components resulting from the spread of COVID-19.」
The infectious disease-related risk, which had been considered limited in the previous quarter, continued to have an actual impact at manufacturing sites in various countries through customer production adjustments caused by shortages of semiconductors and electronic components. - FY2022-Q1Limited overall impact; some businesses continued to be affectedAnnual report
「During the cumulative first quarter of the consolidated fiscal year, the Group was concerned about production cuts resulting from shortages of synthetic resin raw materials and semiconductor supplies and the spread of the novel coronavirus disease, but fortunately the impact was limited.」
While the overall impact of the infectious disease on production activity was considered limited, orders in the medical and precision equipment business continued to decline due to production stoppages by major customers, and the disclosure noted that part of the impact continued. - FY2021Recovery trend and continuing risk of renewed spreadAnnual report
「The mobility and medical and precision equipment businesses were affected by production cuts at business partners due to the spread of COVID-19, but showed a recovery trend toward the latter half of the fiscal year.」
While the impact of production cuts at business partners remained, a recovery trend emerged in the latter half of the fiscal year, and the Company assumed that the recovery trend would continue into the following fiscal year. However, the infectious disease risk itself continued to be listed as a risk item. - FY2021-Q3Partial recovery and continuing impactAnnual report
「During the 3rd quarter cumulative consolidated period, the business environment surrounding the Group deteriorated in 2 of its 3 business domains, mobility, meaning automotive parts, and medical and precision equipment, due to the spread of COVID-19. During the 3rd quarter, economic activity showed signs of recovery, although the recovery lacked strength, supported by economic measures implemented by governments in various countries. However, concerns remained over a renewed spread and prolonged impact of the infectious disease, and the outlook remained uncertain.」
While economic activity showed signs of recovery, the mobility and medical and precision equipment domains deteriorated, and concerns over a renewed and prolonged spread of the infectious disease continued. The disclosure presented both partial recovery from the impact and continuing risks. - FY2021-Q2WorsenedAnnual report
「During the 2nd quarter cumulative consolidated period, the business environment surrounding the Group was significantly affected by the economic stagnation caused by the spread of COVID-19.」
The continuing impact of economic stagnation caused by the infectious disease materialized across multiple businesses as production cuts by automakers and automotive parts manufacturers and office automation equipment manufacturers, and declining orders for automotive components, printer-related parts and other products. On a consolidated basis, the Company recorded an operating loss of ¥21 million and a quarterly net loss attributable to owners of the parent of ¥901 million. - FY2021-Q1MaterialisedAnnual report
「The performance of this business was affected by production cuts at automakers resulting from the spread of COVID-19, and progressed amid the impact of declining orders for automotive-related parts at both domestic and overseas plants.」
The risk of declining orders due to the infectious disease identified in the previous fiscal year materialized during the quarter as production cuts by automakers and declining orders for automotive-related parts at domestic and overseas plants. - FY2020First statedAnnual report
「If the containment of COVID-19 takes time, or if changes in economic recovery after containment and in supply chains result in a decline or disappearance in demand for products handled by the Group, this could affect the Group's performance.」
The prolonged containment of COVID-19 and the resulting decline or disappearance in product demand due to the state of economic recovery and supply chain changes were identified as new business risks. The impact on the fiscal year was considered minor.