Risk of Operational and Earnings Impacts from the Spread of COVID-19 and Other Infectious Diseases
First written in FY2020. 4 of 11 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2024-Q2.
Sds Holdings 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: 103 of 175 companies on the "Worse" side.
16 other companies' latest entry also says "Softened".
- FY2024-Q2SoftenedAnnual report
「As the classification of COVID-19 under the Infectious Diseases Act was changed to Category 5, economic activity has normalised and the economy is gradually recovering.」
The Company describes the transition of COVID-19 to Category 5 and the normalization of economic activity and recovery in the economy, indicating a less severe assessment of the operating environment than the previous description of the impact of infection spread on results. However, it does not expressly state that the impact of the infection has disappeared. - FY2023-Q3RestatedAnnual report
「There have been no material changes to the assumptions described in the securities report for the previous consolidated fiscal year, including assumptions concerning the timing of the containment of COVID-19.」
The Company states that there have been no significant changes from the assumptions made in the previous fiscal year regarding when COVID-19 would be brought under control and related matters. - FY2023-Q1RestatedAnnual report
「The impact of the COVID-19 pandemic on customers’ capital investment needs remains significant, and the number of projects with undetermined order and construction schedules remains considerable.」
The company continues to disclose the impact of the COVID-19 pandemic on customers’ capital investment needs and the situation in which a considerable number of projects have undetermined order and construction schedules. - FY2022WorsenedAnnual report
「Accordingly, although the Company expects a recovery trend from the next consolidated fiscal year onward, it has assumed that the impact will continue through the fiscal year ending March 2023 and has examined future cash flow under the going-concern assumption and made accounting estimates.」
While the effects of COVID-19, including lower orders, continue, the assumption that the effects would continue has been extended from the fiscal year ending March 2022 to the fiscal year ending March 2023. - FY2022-Q3MaterialisedAnnual report
「During the third quarter consolidated cumulative period, we focused on the energy-saving-related business, but sales performance declined significantly from the same period of the previous year due to the impact of COVID-19.」
The significant decline in sales attributable to the impact of COVID-19 continues. - FY2022-Q1RestatedAnnual report
「Under the理念 that it contributes to the global environment and society through energy solutions, our group continues to operate with planning, design, sales, construction, and consulting related to energy-saving equipment as its core activities. However, the impact of the spread of COVID-19 on customers' demand for capital investment remains significant, and a considerable number of projects have undetermined order and construction dates.」
The company continues to disclose that the impact of the COVID-19 pandemic on customers’ capital investment needs remains significant and that a considerable number of projects have undetermined order and construction schedules. - FY2021WorsenedAnnual report
「The Company has been affected by declining orders and other factors as a result of the rapid deterioration in domestic and overseas economic conditions accompanying the spread of COVID-19. Under these circumstances, the timing of the containment of COVID-19 remains uncertain, making it extremely difficult to predict its impact on economic activity. Accordingly, although the Group expects to trend toward recovery from the next consolidated fiscal year onward, it has assumed that the impact will continue through the fiscal year ending March 2022 when considering future cash flows related to the going concern assumption and making accounting estimates.」
The impact of COVID-19 has continued in the form of declining orders, and cash flow and accounting estimates have been prepared on the assumption that the impact will continue through the fiscal year ending March 2022. The timing of the impact’s convergence remains uncertain. - FY2021-Q3MaterialisedAnnual report
「During the third quarter consolidated cumulative period, we focused on the energy-saving-related business, but sales performance declined significantly from the same period of the previous year due to the impact of COVID-19.」
The significant decline in sales attributable to the impact of COVID-19 continues. Revenue was ¥534 million, down ¥962 million year on year, while the exclusion of a consolidated subsidiary was also cited as a factor behind the decline in revenue. - FY2021-Q2MaterialisedAnnual report
「The Group has been affected by a decline in orders and other factors because of the rapid deterioration of economic conditions in Japan and overseas accompanying the spread of COVID-19. In this environment, the timing of the containment of COVID-19 remains uncertain and it has become extremely difficult to forecast its impact on economic activity. Accordingly, although the company expects a recovery trend from the following fiscal year onward, it has assumed that the impact will continue through the fiscal year ending March 2021 and has examined future cash management related to the going concern assumption and accounting estimates on that basis.」
The impact of COVID-19 actually emerged in the form of declining orders, and cash flow and accounting estimates have been prepared on the assumption that the impact will continue through the fiscal year ending March 2021. Revenue was ¥253 million, down ¥853 million year on year. - FY2021-Q1MaterialisedAnnual report
「Amid these circumstances, the group continues to develop its business under the principle of contributing to the global environment and society through energy solutions, with planning, design, sales, construction and consulting related to energy-saving facilities as its core activities. However, the impact of the COVID-19 pandemic on customers' demand for capital investment and delays in the construction timing of certain projects due to customer circumstances, together with the exclusion of エールケンフォー, formerly a consolidated subsidiary, from the scope of consolidation, resulted in a reduction in business scale. As a result, net sales for the first quarter of the current consolidated fiscal year were ¥118 million, a decrease of ¥414 million, or 77.8%, from the same period of the previous year.」
The spread of COVID-19 directly affected customers' capital investment needs and project construction schedules, and sales declined 77.8% year on year. The previously stated possibility of operational and earnings impacts from the spread of the infection materialized as lower customer investment, project delays and lower earnings. - FY2020First statedAnnual report
「In particular, in response to the global spread of the novel coronavirus, we established a COVID-19 task force headed by the Representative Director and President. We are working to minimize the impact through measures including prioritizing employee safety and health through telework, a ban on business travel and daily temperature checks; securing masks, disinfectant and other supplies; and implementing BCP measures in the event of an infection.」
The Company newly identified the possibility that the spread of COVID-19 and other infectious diseases could cause operational shutdowns and adversely affect operating performance and financial condition. It established a task force and implemented telework, a business-travel ban, temperature checks, procurement of supplies and BCP measures.