Business Suspensions and Declining Demand Due to COVID-19
First written in FY2020. 5 of 8 entries say "Softened", first in FY2021-Q2. Latest entry: FY2024-Q2.
Daiwa House Industry moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 88 of 125 companies on the "Worse" side.
14 other companies' latest entry also says "Softened".
- FY2024-Q2SoftenedAnnual report
「As economic and social activity normalized following the reclassification of COVID-19 as a Category 5 infectious disease in May 2023, inbound demand also recovered against a backdrop of yen depreciation, and personal consumption and corporate capital investment began to recover, with a gradual recovery trend continuing.」
The normalization of economic and social activity following the reclassification of COVID-19 as a Category 5 infectious disease and the recovery in inbound demand were noted, further easing the previously recognized business impact. - FY2023SoftenedAnnual report
「The business environment is recovering. In particular, the hotel and sports club operations, which were heavily affected by COVID-19, have almost returned to pre-pandemic conditions over the past year.」
It was stated that the impact of COVID-19 on the hotel and sports club businesses had almost returned to pre-pandemic conditions, further easing the recognition of the risk. - FY2022SoftenedAnnual report
「Despite the continuing impact of COVID-19, revenue reached a record high due to the capture of new demand associated with the new normal, increased sales of developed properties and the expansion of the overseas detached housing business.」
Although the impact of COVID-19 remained, revenue reached a record high through the capture of new demand, sales of developed properties and expansion of the overseas detached housing business, partially easing the recognition of business impacts reported through the previous fiscal year. - FY2022-Q3WorsenedAnnual report
「In the home improvement center business, Royal Home Center Co., Ltd. continued to see weak sales of daily necessities and consumables due to the pullback in demand related to the spread of COVID-19, while delays in deliveries of housing equipment products affected merchandise sales and renovation work. In the fitness club business, Sports Club NAS Co., Ltd. continued operating while implementing thorough infection-control measures, but the emergence of variants delayed the recovery in membership. In the accommodation business, Daiwa Resort Co., Ltd. saw occupancy rates trending upward as domestic lodging demand gradually recovered, but conditions remained difficult.」
The decline following the pandemic-driven demand surge, delays in deliveries of housing equipment products, delayed recovery in fitness club membership due to variants and weak lodging demand were reported as continuing. - FY2021-Q3SoftenedAnnual report
「At the end of the third-quarter consolidated accounting period, although the impact of COVID-19 remained, we judged that its resolution would come sooner than expected and that its impact on the Group's business had been less severe than initially expected.」
Although the impact of COVID-19 continued, the Group indicated that its resolution was expected sooner than initially anticipated and that its impact on the business had eased relative to initial expectations. - FY2021-Q2SoftenedAnnual report
「At the end of the second-quarter consolidated accounting period, although the impact of COVID-19 remained, we judged that its resolution would come sooner than expected and that its impact on the Group's business had been less severe than initially expected.」
Although the impact of COVID-19 continued, the Group indicated that its resolution was expected sooner than initially anticipated and that its business impact had eased. The impact nevertheless remained, with cumulative revenue down 9.8% year on year and operating profit down 25.5%. - FY2021-Q1WorsenedAnnual report
「However, due to the impact of COVID-19, revenue for the first-quarter cumulative consolidated period was ¥892,981 million, down 12.3% from the same period of the previous year; operating profit was ¥61,468 million, down 33.5%; ordinary profit was ¥61,415 million, down 34.3%; and quarterly net profit attributable to owners of the parent was ¥32,933 million, down 49.4%. COVID-19-related loss: ¥7,561 million」
The impact of COVID-19 was reflected in lower consolidated revenue and profit, with the declines in revenue, operating profit and net profit, as well as COVID-19-related losses of ¥7,561 million, disclosed. - FY2020MaterialisedAnnual report
「Following the state of emergency declared in April 2020 in response to the spread of COVID-19, the Group closed offices and housing exhibition venues nationwide, as well as some commercial facilities, hotels and sports clubs, affecting its business activities, including order intake, production and sales.」
Infection-related risks materialized through the closure of offices, housing exhibition venues, commercial facilities, hotels and sports clubs, as well as their impact on order intake, production and sales activities.