Risk of construction delays and demand contraction due to the spread of COVID-19
First written in FY2020. 9 of 14 entries say "Restated". Latest entry: FY2026.
Tanaken moved to the "Worse" side of this theme in 2021, 1 year after the typical company in this theme (2020).
The whole theme swung hardest in 2024: 6 of 23 companies on the "Worse" side.
13 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「However, if a new infectious disease emerges and the company's employees or on-site workers become infected, the company's business development, financial condition and operating performance may be affected by delays to construction schedules resulting from work stoppages, and by the contraction of operations or postponement of construction by the company's major customers resulting from stagnation in economic activity accompanying the spread of the infectious disease.」
The company continues to disclose the risks of work stoppages and construction delays, and customers' business contraction and construction postponements, resulting from new infectious diseases without limiting the risk to COVID-19. - FY2025RestatedAnnual report
「If a new infectious disease emerges and the company's employees or on-site workers become infected, the company's business development, financial condition and operating performance may be affected by delays to construction schedules resulting from work stoppages, and by the contraction of operations or postponement of construction by the company's major customers resulting from stagnation in economic activity accompanying the spread of the infectious disease.」
The company continues to disclose the risks of work stoppages and construction delays, and customers' business contraction and construction postponements, resulting from new infectious diseases without limiting the risk to COVID-19. - FY2025-H1RestatedAnnual report
「During the interim accounting period, there were no significant changes in the occurrence of the major risks that management recognizes could materially affect the company’s financial position, financial performance, and cash flows, or in the matters described as “Business Risks” in the annual securities report for the previous fiscal year.」
The company states that there have been no significant changes to its key risks, including work stoppages and construction delays caused by infectious diseases, and customers' postponement of construction work. - FY2023ReframedAnnual report
「However, if a new infectious disease emerges and the company's employees or on-site workers become infected, the company's business development, financial condition and operating performance may be affected by delays to construction schedules resulting from work stoppages, and by the contraction of operations or postponement of construction by the company's major customers resulting from stagnation in economic activity accompanying the spread of the infectious disease.」
The wording has been broadened from the previous risk of COVID-19 to the risks of work stoppages and construction delays, and customers' business contraction and construction postponements, resulting from new infectious diseases generally. - FY2023-Q3RestatedAnnual report
「The company will continue to monitor the impact of the spread of COVID-19 on its operating results and financial position.」
The company says it will continue to closely monitor the impact of COVID-19 on its operating performance and financial condition. It states that no significant impact on performance was seen during the cumulative third quarter. - FY2023-Q1RestatedAnnual report
「The company will continue to monitor the impact of the spread of COVID-19 on its operating results and financial position.」
The company will continue to monitor the impact of COVID-19 on its operating results and financial position. It states that no significant impact on results had been observed during the cumulative period of the quarter. - FY2022RestatedAnnual report
「However, if a new variant emerges and employees or workers at construction sites become infected, construction could be suspended and schedules delayed, while stagnating economic activity due to the spread of COVID-19 could lead major customers to contract their businesses or postpone construction projects, potentially affecting the company's business operations, financial position and operating results.」
The company continues to disclose the risks of construction suspensions and schedule delays caused by new variants, as well as business contraction and construction postponements by major customers. At the same time, it states that no material impact on results had occurred to date. - FY2022-Q3WorsenedAnnual report
「Although the threat posed by COVID-19 remained substantial, moves to gradually resume economic activity had been gaining momentum. However, in addition to concerns about the spread of the Omicron variant,」
While referring to moves to resume economic activity, the company newly identifies concerns about the spread of the Omicron variant, providing greater detail on the severity of the external environment surrounding COVID-19. It also states that no significant impact on results had been observed during the cumulative period of the quarter. - FY2022-Q2RestatedAnnual report
「The company will continue to monitor the impact of the spread of COVID-19 on its operating results and financial position.」
The company will continue to monitor the impact of COVID-19 on its operating results and financial position. It also states that no significant impact on results had been observed during the cumulative second-quarter period. - FY2022-Q1WorsenedAnnual report
「Although vaccination against COVID-19 is expected to bring the pandemic under control, the emergence of mutated variants that could pose new threats has led to concerns about another state of emergency being declared, while the potential impact of holding the Tokyo Olympic and Paralympic Games under these conditions is also a concern, leaving the impact on the domestic economy and corporate earnings uncertain.」
In addition to expectations that vaccination will bring the pandemic under control, the company identifies the emergence of mutated variants, the reissuance of a state of emergency and concerns about the impact of the Tokyo Olympic and Paralympic Games as new external factors. It also states that no significant impact on results for the quarter had been observed. - FY2021-Q3WorsenedAnnual report
「The rapid spread of the third wave of COVID-19 has continued to create a situation in which the end of the pandemic is not in sight, including the possibility that a state of emergency could be declared again, and difficult conditions are expected to continue for the time being.」
The disclosure describes the third wave of COVID-19, the spread of infections, the reissuance of a state of emergency and the lack of visibility on the end of the pandemic, providing greater detail on the severity of the external environment. - FY2021-Q2RestatedAnnual report
「The company will continue to monitor the impact of the spread of COVID-19 on its operating results and financial position.」
The company will continue to monitor the impact of COVID-19 on its operating results and financial position. It states that no significant impact on results had been observed on a cumulative basis for the quarter. - FY2021-Q1RestatedAnnual report
「The company will continue to monitor the impact of the spread of COVID-19 on its operating results and financial position.」
The company will continue to monitor the impact of COVID-19 on its operating results and financial position. No material changes in key risks or significant impact on results for the quarter are disclosed. - FY2020First statedAnnual report
「However, if employees or workers at construction sites become infected in the future, causing construction to be suspended and schedules to be significantly delayed, or if customers scale back their businesses or postpone construction projects because economic activity stagnates as COVID-19 spreads, this could affect the company's business operations, financial position and operating results.」
The company identifies construction suspensions and schedule delays caused by COVID-19 infections, as well as customers' business contraction and construction postponements caused by stagnating economic activity, as new key risks. It also states that no significant impact on results had been observed as of the end of the fiscal year.