Business environment and business continuity risks arising from COVID-19
First written in FY2020. 3 of 9 entries say "Reframed", first in FY2021-Q2. Latest entry: FY2023.
Hazama Ando 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 2020: 120 of 172 companies on the "Worse" side.
19 other companies' latest entry also says "Reframed".
- FY2023ReframedAnnual report
「If an infectious disease spreads, business performance and other matters may be affected by the temporary suspension of some company functions or construction work, as well as declines in construction orders resulting from deterioration in the business environment.」
Risks including COVID-19 have been generalized as the spread of infectious diseases, with temporary suspensions of company operations and construction work and declines in orders described as transmission channels for the impact. - FY2022-Q3WorsenedAnnual report
「During the third quarter of the fiscal year under review, Japan's economy showed signs of recovery from the effects of COVID-19, but conditions remained uncertain as the risk of infection from new variants increased. Looking ahead, it will be necessary to closely monitor the effects of the downside risk from a renewed spread of infection and financial and capital market volatility and other factors.」
The company explicitly identifies the increased risk of infection from new variants and the downside risk from a resurgence of infections. - FY2022-Q2ReframedAnnual report
「Looking ahead, a recovery is expected as the effects of various policies and improvements in overseas economies take hold while infection-control measures are thoroughly implemented and vaccinations progress, but it will be necessary to closely monitor the effects of domestic and overseas infection trends and financial and capital market volatility and other factors.」
The company’s risk assessment has shifted to one that continues to warn of an economic downturn caused by infectious diseases while also citing expectations for an economic recovery resulting from progress in vaccination and infection-control measures. - FY2022-Q1WorsenedAnnual report
「In addition, as a renewed spread of COVID-19 has recently become apparent, it is necessary to continue thoroughly implementing measures to prevent the spread of infection and closely monitor the impact of infection trends on domestic and overseas economies, financial and capital markets, and other areas.」
With regard to COVID-19, in addition to the previous focus on the impact of its spread, the company explicitly identifies the recent resurgence and its impact on the domestic and overseas economies and financial and capital markets. - FY2021RestatedAnnual report
「If an infectious disease spreads, business performance and other matters may be affected by the temporary suspension of some company functions or construction work, as well as declines in construction orders resulting from deterioration in the business environment.」
The temporary suspension of company operations and construction work and the decline in orders caused by the spread of infectious diseases continue to be identified as business and other risks. - FY2021-Q3WorsenedAnnual report
「Looking ahead, while continuing to take measures to prevent the spread of infection, it will be necessary to pay close attention to the increasing risk of downside in domestic and overseas economies due to the spread of infection and to closely monitor the effects of financial and capital market volatility and other factors.」
With regard to COVID-19, the company explicitly identifies the increased downside risk from the spread of infections in Japan and overseas. - FY2021-Q2ReframedAnnual report
「Looking ahead, a recovery is expected to continue as the level of social and economic activity is raised while measures are taken to prevent the spread of infection, but it will be necessary to closely monitor the effects of domestic and overseas infection trends and financial and capital market volatility and other factors.」
The wording has been reorganized from a focus on the impact of infectious diseases on the domestic and overseas economies to language emphasizing developments in infectious diseases in Japan and overseas themselves and volatility in the financial and capital markets. - FY2021-Q1RestatedAnnual report
「It remains necessary to pay close attention to the impact of infectious diseases on the domestic and overseas economies and to volatility in the financial and capital markets.」
The impact of COVID-19 on the domestic and overseas economies remains a major matter requiring attention. - FY2020First statedAnnual report
「The spread of COVID-19 may worsen the business environment and affect business performance and other matters.」
For the first time, COVID-19 is explicitly identified as a standalone major risk. In practice, some construction work has been suspended, order forecasts have become more difficult, and deliveries of housing equipment from China have been delayed.