Risk of lower construction investment and work stoppages due to the spread of COVID-19
First written in FY2020. 6 of 14 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2025-H1.
Nishimatsu Construction moved to the "Worse" side of this theme in 2020, 4 years before the typical company in this theme (2024).
The whole theme swung hardest in 2024: 6 of 14 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new major risks or significant changes to the business risks described in the annual securities report that management recognized as potentially having a material effect on the financial position, operating results, or cash flows of the consolidated companies, among the matters concerning business conditions and financial matters described in this Semiannual Report.」
No material changes were identified regarding the risk of reduced construction investment and work stoppages due to the spread of COVID-19. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
No material changes were identified regarding the risk of reduced construction investment and work stoppages due to the spread of COVID-19. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
No material changes were identified regarding the risk of reduced construction investment and work stoppages due to the spread of COVID-19. - FY2023-Q3MitigatedAnnual report
「COVID-19-related expenses 10 -」
COVID-19-related expenses were not recorded in the cumulative third quarter of the current fiscal year, down from ¥10 million in the cumulative same period of the previous fiscal year, reducing the impact on expenses. - FY2023-Q2MitigatedAnnual report
「COVID-19-related expenses 10 －」
COVID-19-related expenses were not recorded in the cumulative second quarter of the current fiscal year, down from ¥10 million in the same quarter of the previous fiscal year, reducing the impact on expenses. - FY2023-Q1MitigatedAnnual report
「COVID-19-related expenses 10 －」
COVID-19-related expenses were not recorded in the first quarter of the current fiscal year, down from ¥10 million in the same quarter of the previous fiscal year, reducing the impact on expenses. - FY2022-Q3MitigatedAnnual report
「COVID-19-related expenses 641 10」
COVID-19-related expenses decreased from ¥641 million in the cumulative same period of the previous fiscal year to ¥10 million. The impact on the business will continue to be closely monitored. - FY2022-Q2MaterialisedAnnual report
「COVID-19-related expenses 375 10」
COVID-19-related expenses of ¥10 million were recorded as extraordinary losses in the cumulative second quarter of the current fiscal year. Although this was down from ¥375 million in the same quarter of the previous fiscal year, the impact of the spread of the infection continued to arise as expenses. - FY2022-Q1MaterialisedAnnual report
「COVID-19-related expenses 353 10」
COVID-19-related expenses of ¥10 million were recorded as extraordinary losses in the first quarter of the current fiscal year. Although this was down from ¥353 million in the first quarter of the previous fiscal year, the impact of the spread of the infection continued to arise as expenses. - FY2021MaterialisedAnnual report
「Although gains on the sale of investment securities were recorded as extraordinary income, profit attributable to owners of the parent decreased by ¥1,554 million year on year, or 8.3%, to ¥17,166 million, mainly because provisions for compensation for completed construction, losses on the sale of fixed assets and COVID-19-related expenses were recorded as extraordinary losses.」
COVID-19-related expenses of ¥684 million were recorded as extraordinary losses, and the impact of the spread of the infection materialized as higher expenses and lower annual profit. - FY2021-Q3MaterialisedAnnual report
「Although gains on the sale of investment securities were recorded as extraordinary income, profit attributable to owners of the parent decreased by ¥4,012 million year on year, or 28.6%, to ¥10,017 million, mainly because COVID-19-related expenses were recorded as extraordinary losses.」
COVID-19-related expenses of ¥641 million were recorded as extraordinary losses, and profit attributable to owners of the parent decreased 28.6% year on year. The impact of the spread of the infection continued to materialize as higher expenses and lower profit. - FY2021-Q2MaterialisedAnnual report
「Profit attributable to owners of the parent decreased by ¥2,582 million year on year, or 34.0%, to ¥5,012 million, mainly because COVID-19-related expenses were recorded as extraordinary losses.」
COVID-19-related expenses of ¥375 million were recorded as extraordinary losses, and profit attributable to owners of the parent decreased 34.0% year on year. The impact of the spread of the infection continued to materialize as higher expenses and lower profit. - FY2021-Q1MaterialisedAnnual report
「The impact of the spread of COVID-19 on the business will continue to be closely monitored. Profit attributable to owners of the parent decreased by ¥1,371 million year on year, or 45.1%, to ¥1,666 million, mainly because COVID-19-related expenses were recorded as extraordinary losses. COVID-19-related expenses 353」
COVID-19-related expenses of ¥353 million were recorded as extraordinary losses, and profit attributable to owners of the parent decreased 45.1% year on year. The impact of the spread of the infection materialized as higher expenses and lower profit. - FY2020First statedAnnual report
「The spread of COVID-19 is expected to have a serious impact on the global and domestic economies. If that impact extends to domestic and overseas construction investment, the Group's business performance could be materially affected, including through a decline in the amount of construction work orders received.」
The spread of COVID-19 was described for the first time as a separate major risk, together with the possibility that close monitoring would remain necessary in the following period and the responses implemented through the BCP task force, infection prevention measures and teleworking. It was also stated that additional costs due to the temporary suspension of certain construction projects arose after the settlement date.