Impact of the Spread of COVID-19 on Orders Received and Construction Progress
First written in FY2020. 2 of 13 entries say "Worsened", first in FY2021-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2024: 6 of 16 companies on the "Worse" side.
8 other companies' latest entry also says "Dropped".
- FY2026DroppedAnnual report
「During the period, Japan’s economy continued on a path of moderate growth, despite the impact of U.S. tariff policies and other factors, supported by the effects of various policies.」
This filing does not explicitly cite the spread of COVID-19 in connection with order intake or construction progress risks, and instead attributes the economic environment to the impact of U.S. tariff policies and other factors. - FY2024-Q2ReframedAnnual report
「During the second quarter, the Japanese economy continued to recover moderately, supported by improvements in employment and income conditions and the effects of various policies.」
Where the impact of the spread of COVID-19 had previously been stated explicitly, this filing frames the situation as a moderate economic recovery supported by improvements in employment and income conditions and the effects of policies. It separately cites downside risks from international conditions and monetary tightening. - FY2023-Q3Economic recovery and downside risks both citedAnnual report
「During the third quarter, the Japanese economy continued to recover moderately as socioeconomic activity normalized under living with COVID-19, supported in part by the effects of various policies. Looking ahead, downside risks to the economy have emerged, including soaring raw material prices, supply constraints and sharp exchange-rate fluctuations amid the continued Russian invasion of Ukraine and global monetary tightening, and the impact on the order environment will need to be monitored closely.」
While socioeconomic activity continued to normalize and the economy recover moderately under living with COVID-19, the filing also cites downside risks from geopolitical factors, monetary tightening, raw material prices, supply constraints and exchange-rate fluctuations. - FY2023-Q2Recovery trend and downside risks both citedAnnual report
「The following provides an overview of the financial position, operating results and cash flows of the Group during the second quarter (collectively, the “operating results, etc.”), together with management’s recognition, analysis and consideration of the Group’s operating results, etc. from management’s perspective. During the second quarter, the Japanese economy continued to recover moderately as COVID-19 countermeasures progressed and the country moved toward a new phase of living with COVID-19.」
The filing states that the economy continued to recover moderately as COVID-19 countermeasures progressed and the country moved toward living with COVID-19. It also cites downside risks from the situation in Ukraine, supply constraints, soaring raw material prices and yen depreciation. - FY2023-Q1Recovery trend and downside risks both citedAnnual report
「During the first quarter, the Japanese economy continued to recover as COVID-19 countermeasures progressed and restrictions on activities were eased.」
While stating that the economic recovery has continued as COVID-19 countermeasures progressed and restrictions on activities were eased, the filing continues to identify the impact of the external environment, including COVID-19, as an area requiring close monitoring. - FY2022Recovery trend and downside risks both citedAnnual report
「Although the Japanese economy during the period showed some weakness due to the impact of COVID-19, signs of recovery continued, supported by the effects of various policies and improvements in overseas economies. At the same time, concerns remain over the impact of soaring prices for resources and other commodities and supply chain disruptions.」
While citing an economic recovery despite the impact of COVID-19, the filing continues to express concern over downside risks from soaring resource prices and supply chain disruptions. - FY2022-Q3Recovery trend and downside risks both citedAnnual report
「During the third quarter, the difficult conditions caused by the impact of COVID-19 gradually eased, and signs of recovery emerged. In the construction industry, public investment remained at a high level but weakened, while private capital investment showed signs of stalling in its recovery. Looking ahead, downside risks to the economy from a renewed spread of infections in Japan and overseas, supply chain disruptions and soaring raw material prices remain, and the impact on the order environment will need to be monitored closely.」
While the difficult conditions caused by COVID-19 gradually eased and signs of recovery emerged, the filing continues to cite downside risks from a stalled recovery, a renewed spread of infections, supply chain disruptions and soaring raw material prices. - FY2022-Q2Recovery trend and downside risks both citedAnnual report
「During the second quarter, the Japanese economy remained in a difficult situation due to the impact of COVID-19, but signs of recovery continued, albeit at a slower pace. In the construction industry, public investment remained firm while private investment was recovering, and these trends are expected to continue as vaccination has progressed. At the same time, concerns over a renewed spread of infections in Japan and overseas and downside risks to the economy resulting from supply chain disruptions remain, and the impact on the future order environment will need to be monitored closely.」
While signs of recovery in the economy and private investment were seen despite the impact of COVID-19, the filing cites downside risks to the economy and order environment from the slower pace of recovery, a renewed spread of infections and supply chain disruptions. - FY2022-Q1MitigatedAnnual report
「During the first quarter, the Japanese economy remained in a difficult situation due to the impact of COVID-19, but signs of recovery continued. In the construction industry, public investment remained firm and private investment was recovering, and these trends are expected to continue as vaccination progresses. However, concerns remain that the economy could lose momentum again if infections worsen, and the impact on the order environment will need to be monitored closely.」
Although the impact of COVID-19 and uncertainty over the outlook continue, signs of recovery have emerged in the economy and private investment, indicating partial improvement from the deterioration seen through the previous quarter. The risk of a renewed worsening in infections remains. - FY2021-Q3WorsenedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the Japanese economy remained difficult as the impact of the spread of COVID-19 continued and corporate earnings declined substantially, although some signs of recovery were seen. In the construction industry as well, companies were cancelling or postponing capital investment due to deteriorating earnings and growing uncertainty about the outlook, and order-intake conditions were likely to deteriorate further, requiring close monitoring.」
It states that, in addition to the prolonged spread of COVID-19, corporate earnings could decline significantly, capital investment could be cancelled or postponed, and the order environment could deteriorate further, underscoring the severity of business environment risks. - FY2021-Q2RestatedAnnual report
「At present, the Group's construction projects on hand have progressed smoothly since the beginning of the fiscal year, and the impact of the spread of COVID-19 on operating performance and other matters has been limited. Looking ahead, although the prolonged spread has resulted in some customers cancelling or postponing capital investment plans, many uncertainties remain.」
While the impact on current operating performance is described as limited due to progress on construction projects on hand, the filing continues to describe the prolonged spread, customers' cancellation or postponement of capital investment and uncertainty about the outlook. - FY2021-Q1WorsenedAnnual report
「During the first quarter of the current fiscal year, the Japanese economy remained difficult to forecast. Although there were moves toward reopening the economy, including the lifting of the state of emergency, corporate earnings deteriorated rapidly as the impact of the spread of COVID-19 continued. In the construction industry, public investment remained firm, but deterioration in corporate earnings and growing uncertainty about the outlook had begun to result in the cancellation or postponement of capital investment, and order-intake conditions were likely to deteriorate further, requiring close monitoring.」
The filing states that corporate earnings deteriorated rapidly as the spread of COVID-19 continued, cancellations and postponements of capital investment began to emerge, and order-intake conditions were likely to deteriorate further. Existing risks related to order intake and construction progress have become concrete. - FY2020First statedAnnual report
「The current business environment remains difficult to forecast, as the spread of COVID-19 is extremely serious and construction progress and order intake are likely to deteriorate.」
The spread of COVID-19 was described for the first time as a separate risk that could affect construction progress, order intake and operating performance. Although the spread itself had occurred, the filing also stated that its impact on construction projects under way during the current consolidated fiscal year was limited.