Impact of COVID-19 Spread on Orders, Construction Progress and Business Performance

「During the current cumulative second quarter, Japan's economy was expected to continue its gradual recovery as socioeconomic activity normalized following the transition of COVID-19 to a Category V infectious disease, although」

「During the second quarter of the current consolidated cumulative period, the Japanese economy is expected to recover as the impact of COVID-19 weakens and social and economic activity moves toward normalization. However, it remains necessary to continue closely monitoring infection levels and the emergence of variants, rising raw material prices due to the prolonged situation in Ukraine and the rapid depreciation of the yen, supply-side constraints such as shortages of various materials, and volatility in financial and capital markets, among other factors.」

「Japan's economy during the current cumulative first quarter remains in a difficult situation due to the impact of COVID-19. Although economic activity is moving toward normalization while attention is being paid to the infection situation and the emergence of variants, economic recovery is expected.」

「The Comsys Group continued its business activities by thoroughly implementing COVID-19 infection-prevention measures and using telework, among other measures.」

「The Comsys Group continued its business activities while working to thoroughly implement COVID-19 infection-prevention measures, as it did in the previous fiscal year.」

「Although the outlook remains uncertain due to the prolonged impact of COVID-19 on economies in Japan and overseas, the Comsys Group will continue to conduct business activities while giving sufficient consideration to the safety and health of employees, including those of partner companies.」

「During the current cumulative first three quarters, the Company was initially affected by COVID-19, including a decline in order opportunities due to reduced socioeconomic activity and extensions to construction periods. However, as a result of continuing business activities while working to protect the health of employees, including those of partner companies, and implementing infection-prevention measures, results have gradually recovered.」

「The COVID-19 pandemic caused a decline in order opportunities due to reduced socioeconomic activity, temporary restrictions on access to construction sites and extensions to construction periods due to delayed delivery of construction materials. However, the Company continued its business activities while giving full consideration to the health of employees, including those of partner companies, and implementing infection-prevention measures. As the impact also diminished in the latter half of the period, results have gradually begun to recover.」

「Against this backdrop, during the three months ended 30 June, we continued business activities while paying close attention to the health of employees, including those of partner companies, and preventing the spread of infection. However, the business was affected by the spread of the infectious disease through a decline in order opportunities resulting from reduced socioeconomic activity, temporary restrictions on access to construction sites, and extended construction periods due to delays in the delivery of construction materials. Orders received fell 7.0% year on year to ¥129,939 million, while net sales declined 6.4% to ¥104,703 million. In terms of earnings, operating profit decreased 26.9% to ¥3,637 million, and profit attributable to owners of the parent fell 17.6% to ¥2,891 million.」