Economic and Logistics Disruptions Caused by COVID-19
First written in FY2020. 5 of 15 entries say "Softened", first in FY2023-Q1. Latest entry: FY2025.
Taiyo Kisokogyo moved to the "Worse" side of this theme in 2020, 1 year before the typical company in this theme (2021).
4 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Natural-disaster hazard risks, including earthquakes, floods and wildfires associated with climate change, and pandemic risks, including coronavirus infections (risks that cannot be directly controlled)」
The report continues to describe pandemic risks, including COVID-19, as risks that cannot be directly controlled. - FY2024-Q3SoftenedAnnual report
「During the cumulative nine-month period under review, economic activity was expected to continue recovering gradually as a result of various government policies.」
The current management performance discussion does not describe specific impacts from the economic and logistics disruption caused by COVID-19. Instead, it states that economic activity is expected to recover gradually as a result of various government policies. - FY2024-Q2SoftenedAnnual report
「During the cumulative six-month period under review, constraints on economic activity caused by the COVID-19 pandemic moved toward resolution, and a gradual recovery was expected to continue as employment and income conditions improved.」
The discussion of constraints on economic activity caused by COVID-19 has shifted from its previous focus on severe impacts to expectations for an economic recovery as the constraints move toward resolution. - FY2024-Q1RestatedAnnual report
「During the cumulative three-month period under review, personal consumption and capital investment in Japan recovered gradually, helped by the effects of various policies while living with the virus, and corporate earnings showed gradual improvement.」
The report continues to recognize that, under the COVID-19 pandemic, personal consumption, capital investment and corporate earnings are recovering while living with the virus. - FY2023SoftenedAnnual report
「During the fiscal year under review, Japan's economy showed signs of recovery in personal consumption and capital investment, supported in part by various policies amid the COVID-19 pandemic. Although some industries continued to show weakness in corporate earnings, they improved overall, and the economy recovered gradually.」
The discussion of the economic stagnation caused by the pandemic has shifted from rapid declines and challenging conditions to a recovery in the economy while living with the virus. However, the possibility of construction work being suspended or postponed due to the spread of infections remains a risk. - FY2023-Q3SoftenedAnnual report
「During the cumulative nine-month period under review, Japan's economy is expected to recover gradually, helped by the effects of various government policies amid the COVID-19 pandemic.」
The discussion of the economy under COVID-19 has shifted from its severe impact to expectations for a gradual economic recovery while living with the virus. - FY2023-Q1SoftenedAnnual report
「During the cumulative three-month period under review, Japan's economy is expected to recover as economic activity normalizes through comprehensive measures against COVID-19 and the effects of various government policies take hold.」
The discussion of COVID-19 has shifted from its effects, including declines in corporate earnings and personal consumption and business interruptions, to expectations for the normalization and recovery of economic activity on the assumption that measures against the pandemic are in place. - FY2022RestatedAnnual report
「Japan's economy has shown signs of recovery amid the challenging conditions caused by COVID-19. …However, sufficient attention must be paid to downside risks arising from the impact of the pandemic, supply-side constraints and trends in raw material prices,」
The report continues to describe the challenging economic conditions caused by COVID-19 and downside risks, including supply constraints and raw material prices. - FY2022-Q2WorsenedAnnual report
「However, the spread of the infection created difficult conditions, including problems procuring materials, extended construction periods, postponements of orders for private-sector capital-investment-related projects and competition for orders.」
The report states that COVID-19 continues to have specific effects on material procurement, construction schedules, orders for private-sector construction and competition for orders. - FY2022-Q1MaterialisedAnnual report
「The construction industry has been affected by COVID-19, with the spread of infections causing difficulties in procuring materials, delays to construction schedules and reviews of project start dates,」
The report states that COVID-19 has had specific effects on material procurement, construction schedules and reviews of project start dates. - FY2021WorsenedAnnual report
「The Company has sales offices nationwide and performs foundation construction at sites throughout Japan. If COVID-19 or a similar infectious disease spreads domestically, resulting in circumstances such as the suspension or postponement of construction work or the closure of sales offices, the Company's business performance and financial position could be adversely affected.」
COVID-19 is explicitly identified as a risk to business continuity, in addition to its impact on the economy and logistics, because of possible effects such as the suspension or postponement of construction work and the closure of sales offices. - FY2021-Q3MaterialisedAnnual report
「During the cumulative nine-month period under review, Japan's economy remained challenging as corporate earnings and personal consumption declined rapidly amid the impact of the COVID-19 pandemic.」
The report states that corporate earnings and personal consumption declined rapidly due to COVID-19 and that challenging economic conditions have continued. - FY2021-Q2MaterialisedAnnual report
「During the cumulative six-month period under review, Japan's economy became uncertain as corporate earnings and personal consumption declined rapidly due to the spread of COVID-19.」
The report describes the actual impact of the spread of COVID-19, with corporate earnings and personal consumption declining rapidly and the economic outlook becoming uncertain. - FY2021-Q1MaterialisedAnnual report
「Although corporate performance and employment conditions continued to recover in the first half, COVID-19 spread rapidly both domestically and overseas in the second half, severely affecting economic conditions. As a result, the economic outlook was extremely uncertain.」
Regarding COVID-19, which was identified as a new risk in the previous period, the report describes its actual development, namely its rapid spread in Japan and overseas and its severe impact on economic conditions. It also continues to express concern about a renewed spread of infections and continued economic uncertainty. - FY2020First statedAnnual report
「Private investment is also expected to be significantly affected as COVID-19 has become a global outbreak described as a pandemic. Delays in the arrival of equipment, materials and parts from China are currently occurring, and we believe the global logistics disruption caused by the pandemic will have a widespread impact. Although it is currently difficult to predict the duration and scale of the impact, a challenging business environment is expected.」
The global spread of COVID-19 and the resulting economic impact and logistics disruption are described as new risks. Delays in the arrival of equipment, materials and parts from China are stated to be occurring at present.