Impact of COVID-19 on the Economy and Construction Industry
First written in FY2021-Q1. 3 of 14 entries say "Mitigated", first in FY2023. Latest entry: FY2025-H1.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
50 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company explains that, including the impact of COVID-19 on the economy and construction industry, there have been no material changes to its existing business and other risks. - FY2024MitigatedAnnual report
「The impact of COVID-19 has become limited at present as the number of infected people has declined, but the possibility of another wave of infections or the emergence of a new infectious disease cannot be ruled out. The company considers this a risk that could affect business performance and other matters through deterioration in the business environment.」
While maintaining the assessment that the current impact of the pandemic is limited, the company continues to identify the possibility of renewed spread or a new infectious disease as a low-frequency, high-impact risk. - FY2024-Q1MitigatedAnnual report
「During the cumulative first quarter of the fiscal year, the Japanese economy was gradually recovering as the COVID-19 pandemic moved toward containment, but uncertainty continued due to factors including soaring resource and raw material prices resulting from the prolonged situation in Ukraine.」
The description has changed to state that COVID-19 is moving toward containment and that the economy is recovering moderately. Uncertainty remains, however, due to the prolonged situation in Ukraine and soaring resource and raw-material prices. - FY2023MitigatedAnnual report
「The impact of COVID-19 has become limited at present as the number of infected people has declined, but the possibility of another wave of infections or the emergence of a new infectious disease cannot be ruled out. The company considers this a risk that could affect business performance and other matters through deterioration in the business environment.」
The current impact of the pandemic was assessed as limited as the number of infected people declined. At the same time, the possibility of renewed spread or a new infectious disease remains an ongoing risk. - FY2023-Q3Economic recovery alongside continued pandemic and geopolitical factorsAnnual report
「During the cumulative third quarter of the fiscal year, the Japanese economy was gradually recovering, but its outlook remained uncertain due to factors including the effects of COVID-19 and rising prices resulting from Russia's prolonged invasion of Ukraine.」
While the impact of price increases caused by the pandemic and the situation in Ukraine continues, the company has added the assessment that the economy is “recovering moderately.” - FY2023-Q2WorsenedAnnual report
「During the cumulative second quarter of the fiscal year, the Japanese economy remained uncertain about its outlook due to factors including rising prices and the depreciation of the yen resulting from the impact of COVID-19 and the prolonged situation in Ukraine.」
Amid continuing uncertainty caused by the pandemic and the situation in Ukraine, rising prices and the weakening yen have been added as new specific factors affecting the business environment. - FY2023-Q1Greater uncertainty from the pandemic and geopolitical factorsAnnual report
「During the cumulative first quarter of the fiscal year, the Japanese economy remained uncertain about its outlook due to the effects of the spread of COVID-19 around the world, Russia's invasion of Ukraine and the economic sanctions imposed on Russia by governments worldwide.」
While continuing to recognize the economic impact of the spread of COVID-19 around the world, the company also cites the impact of Russia's invasion of Ukraine and economic sanctions, characterizing the outlook as uncertain. - FY2022-Q3Recurrence of severe economic conditions caused by the pandemicAnnual report
「During the cumulative third quarter of the current fiscal year, the Japanese economy repeatedly experienced severe conditions caused by COVID-19.」
The wording changed from the previous quarter's description that “signs of recovery continued, although weakness increased in some areas” to an expression stating that severe conditions caused by the pandemic have recurred. - FY2022-Q2WorsenedAnnual report
「During the cumulative second quarter of the current fiscal year, the Japanese economy remained in a severe condition due to the impact of COVID-19. Although signs of recovery continued, weakness increased in some areas.」
Although signs of recovery continued amid the pandemic, the description changed from “some weakness has been observed” in the previous quarter to “weakness increased in some areas.” In the construction industry, concerns were also expressed regarding soaring construction-material prices and the pandemic's impact on employment conditions. - FY2022-Q1Continued economic recovery amid the pandemic, with pockets of weaknessAnnual report
「Although signs of recovery have continued while conditions remain severe due to the impact of COVID-19, some weakness has been observed.」
The company states that, although the economy remains in a severe condition due to the pandemic, signs of recovery have continued. At the same time, some weakness has been observed, and concerns continue regarding the pandemic's impact on construction costs and employment conditions. - FY2021Higher-probability infectious-disease risk and explicit mitigation measuresAnnual report
「The possibility that infections could spread among the Group and its business partners cannot be ruled out, and conditions may fluctuate significantly depending on when COVID-19 subsides and other factors. The company considers this a risk that could lead to declines in orders, sales and profit.」
While continuing to recognize the impact of the pandemic on the economy and construction industry, the company assessed the current impact as limited during the fiscal year and identified the possibility of further infection spread as a high risk. Its response measures include diversifying and expanding orders for alternative projects and procurement channels. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, the Japanese economy remained in a severe condition due to the impact of COVID-19, although signs of recovery were also evident. In the construction industry, public investment was progressing steadily, but housing construction remained weak, and concerns continued regarding the pandemic's impact on construction costs and employment conditions.」
The company continues to recognize that the economy remains in a severe condition due to the pandemic, while also seeing signs of recovery. In the construction industry, housing construction remains weak, and concerns continue regarding the pandemic's impact on construction costs and employment conditions. - FY2021-Q2Signs of recovery in the economy amid the pandemicAnnual report
「During the cumulative second quarter of the current fiscal year, the Japanese economy remained in a severe condition due to the impact of COVID-19, although signs of recovery have recently emerged.」
The assessment changed from the “extremely severe condition” in the first quarter to a recognition that, while conditions remain severe, “signs of recovery have also emerged.” In the construction industry, housing construction remains weak, and concerns continue regarding the pandemic's impact on construction costs and employment conditions. - FY2021-Q1First statedAnnual report
「Japan’s economy during the first quarter of the current consolidated cumulative period is in an extremely severe condition due to the impact of COVID-19. In the construction industry, housing construction is expected to remain weak, construction costs are trending downward, and concerns continue regarding the impact of the infectious disease on employment conditions, including the working-age population and number of employed persons.」
The disclosure describes the deterioration of Japan’s economy due to COVID-19 as an existing condition and identifies its effects on housing construction, construction costs, the working-age population and employment as impacts on the construction industry.