Impact of COVID-19 Spread on Housing Demand and Sales Activities
First written in FY2021-Q1. 4 of 10 entries say "Worsened", first in FY2021-Q2. Latest entry: FY2024-Q1.
Sanyo Homes moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
1 other company's latest entry also says "Mitigated".
- FY2024-Q1MitigatedAnnual report
「Economic and social activity has continued to recover, partly as a result of COVID-19 being reclassified as a Class 5 infectious disease in May 2023.」
It stated that economic and social activity was recovering, against the backdrop of COVID-19 being reclassified as a Class 5 infectious disease. - FY2023-Q2RestatedAnnual report
「There have been no material changes to the assumptions described in the previous fiscal year’s annual securities report, including assumptions regarding the future spread and containment of COVID-19.」
It reconfirmed that there had been no material changes to the accounting assumptions concerning the spread and timing of the subsiding of COVID-19. - FY2023-Q1RestatedAnnual report
「There have been no material changes to the assumptions described in the previous fiscal year’s annual securities report, including assumptions regarding the future spread and containment of COVID-19.」
It stated that there had been no material changes to the accounting assumptions concerning the spread and timing of the subsiding of COVID-19. - FY2022WorsenedAnnual report
「If infectious diseases and other conditions become widespread and cause a pandemic, construction could be suspended or significantly delayed depending on the disruption of supply chains and the details of government measures, and sales activities could also be affected. Such events could affect the operating results and financial position of our group. Regarding the current spread of COVID-19, we will continue to monitor its impact and take necessary measures.」
For infectious disease risk, specific transmission channels were identified as risk items, including supply-chain disruptions, construction suspensions and significant delays, and impacts on sales activities. - FY2022-Q3WorsenedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, Japan's economy showed signs of a gradual recovery, partly reflecting the effects of vaccination, as states of emergency and priority preventive measures related to COVID-19 were lifted. However, the outlook remains uncertain, including because the spread of the new Omicron variant has been observed.」
While states of emergency and other measures have been lifted and the economy has shown signs of recovery, uncertainty about the outlook has continued due to the spread of the Omicron variant. - FY2022-Q1WorsenedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, Japan's economy showed signs of improvement, including a recovery in exports as some overseas economies improved. However, the re-expansion of COVID-19 caused by variants led to the implementation in some areas of states of emergency and priority preventive measures, resulting in a decline centered on personal consumption in some areas. The outlook therefore remains uncertain.」
The re-expansion of the pandemic due to variants, together with states of emergency and other measures, has resulted in a continued decline centered on personal consumption and an uncertain outlook. - FY2021Expectation of a prolonged pandemic impact; no impact on earningsAnnual report
「Approximately one year has passed since the spread of COVID-19 began, and accounting estimates are being made based on plans that reflect actual results to date. As a result, there is no impact on profit or loss for the current consolidated fiscal year.」
Accounting estimates were made based on actual results while assuming a prolonged pandemic, and it states that there is no impact on profit or loss for the current period. - FY2021-Q3Expectation of prolonged pandemic impact and reduced impact amountAnnual report
「Previously, accounting estimates were made on the assumption that conditions would generally recover within the fiscal year. Although the convergence period is now expected to extend beyond the fiscal year, the estimated impact is smaller than initially expected. Accordingly, there have been no material changes to the accounting estimates.」
It states that the expected timing for the COVID-19 pandemic to subside has been extended beyond the fiscal year, while the estimated impact is smaller than initially expected and there has been no material change to the accounting estimates. - FY2021-Q2WorsenedAnnual report
「The state of emergency declared in April in response to COVID-19 was lifted in May, and domestic economic activity has gradually resumed and is recovering, supported in part by various government support measures. However, the outlook remains uncertain, as the effects of COVID-19 are expected to persist for an extended period. In the housing industry, conditions have been recovering since the lifting of the state of emergency, but housing demand remains uncertain because of factors including the impact on personal consumption of deteriorating corporate earnings.」
The effects of the infectious disease are expected to persist for an extended period, and housing demand remains uncertain because of factors including the impact on personal consumption of deteriorating corporate earnings. - FY2021-Q1First statedAnnual report
「Along with the decline in willingness to purchase homes caused by the spread of COVID-19, conventional sales activities at exhibition venues and model rooms have been significantly affected. The future impact of this infectious disease remains highly uncertain, including the extent of its spread and when it will subside, and if actual conditions diverge from these assumptions, the Group's future financial condition and operating results could be affected.」
The company stated that the spread of COVID-19 had actually caused a decline in willingness to purchase homes and affected conventional sales activities at exhibition venues and model rooms. It also stated that there was a high degree of uncertainty regarding the spread of the infection and when it would subside.