Risk of disruptions to procurement and sales due to the spread of COVID-19
First written in FY2020. 3 of 15 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2024-Q3.
The whole theme swung hardest in 2020: 102 of 175 companies on the "Worse" side.
- FY2024-Q3MitigatedAnnual report
「During the cumulative third quarter, the Japanese economy showed a gradual recovery as social and economic activity normalized following the transition of COVID-19 to a Class 5 infectious disease.」
The disclosure states that the transition of COVID-19 to a Class 5 infectious disease advanced the normalization of social and economic activity and supported an economic recovery. The environment surrounding the risk of disruptions to sourcing and sales due to the infectious disease has changed from the conditions under the former activity restrictions. - FY2024-Q2Normalization continued as restrictions and other measures were easedAnnual report
「During the cumulative second quarter, the Japanese economy showed a gradual recovery as social and economic activity normalized following the easing of restrictions on activities and restrictions on overseas travel related to COVID-19.」
The disclosure states that the easing of restrictions on activities and overseas travel related to the infectious disease advanced the normalization of social and economic activity and supported an economic recovery. - FY2024-Q1Normalization continued as restrictions on activities were easedAnnual report
「During the cumulative first quarter, the Japanese economy entered a gradual recovery trend as social and economic activity normalized following the easing of restrictions on activities related to COVID-19.」
The disclosure states that the easing of restrictions on activities related to COVID-19 advanced the normalization of social and economic activity and supported a gradual economic recovery. - FY2023Improvement in the sales environment as restrictions on activities were easedAnnual report
「During the fiscal year, the Japanese economy showed signs of a gradual recovery as various restrictions on activities related to COVID-19 were eased.」
The disclosure continued to describe the risk of disruptions to sourcing and sales due to the infectious disease, while stating that the easing of restrictions on activities led to an economic recovery and more opportunities for product demonstrations and sales. - FY2023-Q3Economic activity continued to normalize as restrictions on activities were easedAnnual report
「During the cumulative third quarter, although the impact of COVID-19 remained, economic activity gradually moved toward normalization as various restrictions on activities were eased.」
The disclosure states that, although the impact of COVID-19 remained, economic activity moved toward normalization as various restrictions on activities were eased. - FY2023-Q2Easing activity restrictions coexisted with a renewed increase in infectionsAnnual report
「During the cumulative second quarter, the Japanese economy saw COVID-19 cases resume an upward trend following the emergence of new variants, but various activity restrictions had been eased since March and economic activity showed signs of returning to normal.」
Cases increased again due to new variants, while activity restrictions were eased and economic activity showed signs of returning to normal. Risks associated with the spread of infections and factors supporting an improved sales environment coexisted. - FY2023-Q1Easing activity restrictions coexisted with a renewed spread of infectionsAnnual report
「During the cumulative first quarter, the Japanese economy saw COVID-19 cases resume an upward trend following the emergence of new variants, but various activity restrictions were eased and economic activity showed signs of returning to normal.」
The disclosure describes a renewed increase in cases due to new variants, while activity restrictions were eased and economic activity showed signs of returning to normal. Risks associated with the spread of infections and factors supporting an improved sales environment coexisted. - FY2022RestatedAnnual report
「At the end of fiscal 2019, a novel infectious disease spread worldwide, temporarily halting economic activity in major sourcing countries such as the United States, Italy and China. We have sought to mitigate the impact on business performance by securing several months' worth of inventory. However, if the global spread of the disease accelerates again and economic activity in major sourcing countries is halted by lockdowns or other measures, it may become difficult to secure products. In Japan, if business partners remain closed and remote working continues for an extended period due to a state of emergency, demand for cleaning and opportunities for product demonstrations may decline, causing sales to stagnate and adversely affecting our business performance.」
The risks of difficulty securing products due to the suspension of economic activity in major sourcing countries, and of lower cleaning demand and fewer demonstration opportunities due to prolonged closures and remote working among domestic business partners, remain in place. - FY2022-Q3Economic reopening alongside new variants and supply constraintsAnnual report
「During the cumulative third quarter under review, the number of COVID-19 infections in Japan declined as vaccinations became more widespread, and economic activity began to reopen in stages following the lifting of the state of emergency in October. Meanwhile, corporate activity was affected by the emergence of new variants, higher raw material prices, semiconductor shortages, surging crude oil and transportation costs, shortages of shipping containers, and other factors, and the outlook remained uncertain.」
The disclosure describes the gradual reopening of economic activity as vaccination coverage expanded and the state of emergency was lifted, while also stating that the impact on corporate activity and uncertainty have persisted due to new variants and supply and logistics constraints. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter, Japan’s economy remained in a difficult situation. Although some economic activity showed signs of recovery due to the spread of vaccinations and other factors, the end of the COVID-19 pandemic remained unforeseeable.」
The company has stated that some economic activity recovered as vaccination coverage increased, while the end of the COVID-19 pandemic remained unforeseeable and difficult economic conditions continued. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter under review, Japan's economy remained in difficult conditions due to the resurgence of COVID-19 infections. Although some signs of a recovery in corporate earnings and capital investment emerged after the lifting of the first state of emergency last year as a result of various policies, the outlook became extremely uncertain due to the reissuance of the state of emergency, delays in vaccinations in Japan, the emergence of variant strains, and other factors.」
The risk of economic activity stagnating and affecting procurement and sales conditions due to the renewed spread of infection and the re-declaration of a state of emergency continues. - FY2021MaterialisedAnnual report
「In the building maintenance industry as well, demand for cleaning declined because of temporary closures of commercial facilities, teleworking and working from home. In addition, the suspension of training sessions for users by distributors nationwide meant that conditions were not in place to actively propose new maintenance solutions, resulting in sluggish sales overall.」
The company has stated that sluggish sales caused by the closure of commercial facilities, telework, reduced demand for cleaning services and the cancellation of training sessions due to the spread of infection actually occurred. - FY2021-Q3MaterialisedAnnual report
「During the cumulative third quarter under review, personal consumption, employment conditions, and corporate capital investment deteriorated due to the spread of COVID-19. Although some signs of a recovery in economic activity emerged as a result of various economic measures and other factors, the state of emergency was declared again in Japan in January following a global resurgence in infections from this winter, and the outlook became extremely uncertain.」
The company has stated that COVID-19 infections were spreading again and that a state of emergency had been re-declared in Japan, indicating that the risk of an ongoing deterioration in the sales environment due to the spread of infection was actually occurring. - FY2021-Q1MaterialisedAnnual report
「Opportunities for demonstrations declined because some business partners closed or refrained from sales activities under the state of emergency. The Company was also affected by the postponement or cancellation of various trade shows and other events.」
Regarding the risk of sluggish sales associated with the spread of COVID-19, the company states that reduced opportunities for demonstrations due to closures and voluntary business suspensions by domestic customers, as well as the postponement or cancellation of trade shows, actually occurred. It does not state that difficulty securing procured products occurred during the quarter. - FY2020First statedAnnual report
「At the end of fiscal 2019, a novel infectious disease had spread worldwide, temporarily halting economic activity in the United States, Italy, China and other countries that are major sources of procurement for the group. The group sought to mitigate the impact on its business performance by securing several months of inventory. However, if a further global spread of infection causes economic activity to stop in major procurement countries because of lockdowns or other measures, it may become difficult to secure products. In addition, if a state of emergency is declared in Japan and the suspension of business by customers is prolonged, sales may decline and adversely affect the group’s business performance.」
The company has described the fact that economic activity had already been temporarily suspended in major procurement countries and presented a measure to mitigate the impact by securing several months of inventory. It has separately identified for the first time as risks the difficulty of securing products and sluggish sales resulting from another global spread of infection, lockdowns in procurement countries and prolonged closures of domestic customers.