The Executive General Manager of the Corporate Planning and Control Division is designated as the officer in charge of monitoring risks facing the Kurita Group and promoting risk management. The officer seeks to regularly analyze and assess risks facing Kurita Water Industries and Kurita Group companies, and to continue monitoring risks to prevent problems from materializing.
The following are summaries of major foreseeable risks present in the business environments in which the Kurita Group operates.
Forward-looking statements herein are based on judgments made by management as of March 31, 2021.
1. Impact of the COVID-19 Pandemic
With the global COVID-19 pandemic showing no signs of subsiding, countries and regions worldwide are implementing various measures to prevent the spread of infection and the collapse of healthcare systems, including calls to stay at home and requests for businesses to close temporarily or reduce operating hours, mainly in the food service sector. These measures are being implemented intermittently, and this situation is likely to continue until vaccination uptake becomes widespread. Due to uncertainties regarding the duration of the pandemic and the outlook for the global economy, lower capacity utilization at customer plants, decisions by customers to postpone capital expenditure plans and delays to the Group’s business activities could impact the Group’s financial results. Instead of requiring employees to physically attend business offices, customers’ plants or other worksites, the Group is using digital technologies to add remote capabilities to business-critical processes and constructing backup systems at manufacturing sites to support business continuity. The Group has also formulated COVID-19 response guidelines and implemented measures to prevent the spread of infection, contributing to the continued operation of customer businesses and the maintenance of social and industrial infrastructure.
1. Impact of the COVID-19 Pandemic
With the global COVID-19 pandemic showing no signs of subsiding, countries and regions worldwide are implementing various measures to prevent the spread of infection and the collapse of healthcare systems, including calls to stay at home and requests for businesses to close temporarily or reduce operating hours, mainly in the food service sector. These measures are being implemented intermittently, and this situation is likely to continue until vaccination uptake becomes widespread. Due to uncertainties regarding the duration of the pandemic and the outlook for the global economy, lower capacity utilization at customer plants, decisions by customers to postpone capital expenditure plans and delays to the Group’s business activities could impact the Group’s financial results. Instead of requiring employees to physically attend business offices, customers’ plants or other worksites, the Group is using digital technologies to add remote capabilities to business-critical processes and constructing backup systems at manufacturing sites to support business continuity. The Group has also formulated COVID-19 response guidelines and implemented measures to prevent the spread of infection, contributing to the continued operation of customer businesses and the maintenance of social and industrial infrastructure.
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