Impact of COVID-19 on business and order conditions
First written in FY2020. 5 of 11 entries say "Restated". Latest entry: FY2026.
Nankai Tatsumura Construction moved to the "Worse" side of this theme in 2023, 2 years after the typical company in this theme (2021).
The whole theme swung hardest in 2024: 6 of 16 companies on the "Worse" side.
3 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「If an unforeseen major earthquake or accompanying tsunami, a natural disaster such as a typhoon-related wind or flood disaster, an infectious disease outbreak, social disruption due to other factors, or another event causes the business activities of the group or its major business partners to stop or impedes business continuity, the group's performance may be affected.」
The company has reorganised the disclosure from a standalone COVID-19 risk into a comprehensive business continuity risk covering infectious disease outbreaks together with natural disasters, social disruption and other events. - FY2024-Q1SoftenedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, Japan's economy was on a recovery trend as restrictions on social activities were eased following the reclassification of COVID-19 as a Class 5 infectious disease.」
The company now states that restrictions on social activities were eased following the reclassification of COVID-19 as a Class 5 infectious disease and that the economy was on a recovery trend. It also states that there were no significant changes in business and other risks. - FY2023-Q1RestatedAnnual report
「There have been no material changes to the accounting estimates concerning the spread of COVID-19 described under Additional Information in the annual securities report for the previous consolidated fiscal year.」
The company continues to state that there have been no significant changes from the previous consolidated fiscal year in the accounting estimates associated with the spread of COVID-19. - FY2022RestatedAnnual report
「The company recognises that COVID-19 had a certain degree of impact on business activities during the consolidated fiscal year and states that continued attention is required regarding orders and performance.」
The company restates the certain degree of impact of COVID-19 on business activities and the need for continued monitoring of orders and performance. - FY2022-Q3RestatedAnnual report
「The company recognises that COVID-19 had a certain degree of impact on business activities during the cumulative third quarter of the consolidated fiscal year and states that continued attention is required regarding orders and performance.」
The company repeats its disclosure of a certain degree of impact from COVID-19 on business activities and the need for continued monitoring of orders and performance. - FY2022-Q2RestatedAnnual report
「The company recognises that COVID-19 had a certain degree of impact on business activities during the cumulative second quarter of the consolidated fiscal year and states that continued attention is required regarding orders and performance.」
The company repeats its disclosure of a certain degree of impact from COVID-19 on business activities and the need for continued monitoring of orders and performance. - FY2022-Q1RestatedAnnual report
「The company recognises that COVID-19 had a certain degree of impact on business activities during the cumulative first quarter of the consolidated fiscal year and states that continued attention is required regarding orders and performance.」
The company discloses a certain degree of impact from COVID-19 on business activities and the need for continued monitoring of orders and performance. - FY2021-Q3MaterialisedAnnual report
「The impact of the spread of COVID-19 on orders and performance is becoming apparent, and the company will continue to monitor developments closely.」
The company has moved from its previous disclosure of a potential impact to reporting that the impact of COVID-19 on orders and performance is becoming apparent. - FY2021-Q2MaterialisedAnnual report
「During the cumulative second quarter of the consolidated fiscal year, some construction projects were suspended or postponed due to the spread of COVID-19, but the impact on performance was limited. However, the order environment has become increasingly challenging, and the company will continue to monitor developments closely.」
The company states that some construction projects were actually suspended or postponed due to the impact of COVID-19. At the same time, it describes the impact on performance for the current period as limited. - FY2021-Q1Minor impact in the current period; assumptions regarding the impact from the following period onwardAnnual report
「The impact of COVID-19 on performance during the cumulative first quarter of the consolidated fiscal year was minor. However, continued attention is required regarding developments in the disease both in Japan and overseas, and considerable uncertainty remains over how it will spread and when it will subside, making it difficult at present to reasonably quantify the impact on the group's performance.」
While the impact on first-quarter performance is described as minor, the company continues to state that uncertainty regarding developments in the disease and the timing of its subsidence is high, making it impossible to reasonably quantify the future impact on performance. - FY2020First statedAnnual report
「The spread of COVID-19 may affect the performance of the group if construction work is suspended or delayed, but it is difficult to reasonably quantify the impact on performance.」
COVID-19 was disclosed as a standalone risk factor, and while temporary suspensions and other disruptions occurred on some construction projects, the impact on performance for the current consolidated fiscal year was described as minor.