Limited scope of COVID-19’s impact on business
First written in FY2021-Q3. 1 of 5 entries say "Materialised", first in FY2022-Q3. Latest entry: FY2024.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
38 other companies' latest entry also says "Dropped".
- FY2024DroppedAnnual reportNo description of the business impact of COVID-19 can be found in the FY2024 sections on business performance or business and other risks.
- FY2023MitigatedAnnual report
「In FY2022, the impact of COVID-19 on business performance remained limited. In FY2023 as well, no impact on orders received or sales has emerged at this stage, and there have been no particular problems with the procurement of raw materials.」
The explanation has changed from the description of sluggish economic activity through the previous quarter to a full-year statement that the impact on business performance was limited and that no problems had emerged in orders received, sales or raw-material procurement. However, the possibility of construction delays or cancellations in the future remains. - FY2023-Q1WorsenedAnnual report
「Despite an unstable economic environment, including the impact of COVID-19, the situation in Russia and Ukraine, the yen's depreciation and rising prices, including energy costs, projects were steadily brought forward, mainly in the port, RC and underground businesses. Order intake increased by ¥431 million from the same period of the previous year to ¥3,928 million.」
The previous explanation that the impact had remained minimal has changed, with the Company now explicitly identifying the impact of COVID-19 as a factor behind the uncertain economic environment. - FY2022-Q3MaterialisedAnnual report
「During the cumulative third-quarter period, there were downside factors, including sluggish economic activity resulting from the impact of COVID-19. At the same time, large projects in the port and RC fields were awarded one after another from the beginning of the fiscal year. Orders received decreased by ¥579 million year on year to ¥10,345 million, while sales increased by ¥125 million to ¥7,793 million.」
Previously, the Company stated that the impact of COVID-19 had remained minimal, but this time it stated that sluggish economic activity and other factors had in fact been downside factors. - FY2021-Q3First statedAnnual report
「During the cumulative third-quarter period, large port and RC projects were awarded one after another from the beginning of the fiscal year, while the impact of COVID-19 remained minimal. As a result, orders received increased by ¥1,430 million year on year to ¥10,925 million, and sales increased by ¥1,042 million to ¥7,667 million.」
The Company stated that the impact of COVID-19 remained minimal during the cumulative third-quarter period.