Business and Financial Impact of the Spread of COVID-19
First written in FY2020. 4 of 14 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2024.
The Kodensha 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: 103 of 175 companies on the "Worse" side.
38 other companies' latest entry also says "Dropped".
- FY2024DroppedAnnual report
「The market environment surrounding the company progressed steadily, supported by the continued recovery trend in private-sector construction investment, the development of large-scale development and renovation projects, and the continued strength of the electrical and piping materials markets.」
References to the business and financial impact of COVID-19 have been removed from the list of major business risks, and the business performance explanation states that the market environment progressed steadily. - FY2023RestatedAnnual report
「Accordingly, from the second quarter of the current fiscal year, the company has judged that the impact of COVID-19 on the Group's operating results, financial condition, and other factors is minor.」
The company continues to judge that the impact of COVID-19 on operating results and financial condition is minor as infection-control measures continue. - FY2023-Q3RestatedAnnual report
「The Group is implementing efficient business operations, including rigorous hygiene management, staggered shifts, staggered working hours, and teleworking, and assesses that the risks associated with employees being suspended from work due to infection, office closures, and worksite closures caused by large-scale clusters at customer sites and other locations have been declining. Accordingly, from the second quarter of the current fiscal year, the Group has judged that the impact of COVID-19 on its operating results, financial condition, and other factors is minor.」
The company continues to judge that the impact of COVID-19 on operating results and financial condition is minor, as infection-control measures have reduced the risks of employee infections, office closures, and worksite closures. - FY2023-Q2MitigatedAnnual report
「To prevent the spread of infection, the Group is implementing efficient business operations, including rigorous hygiene management, staggered shifts, staggered working hours, and teleworking, and assesses that the risks associated with employees being suspended from work due to infection, office closures, and worksite closures caused by large-scale clusters at customer sites and other locations have been declining. Accordingly, the Group judges that the impact of COVID-19 on its operating results, financial condition, and other factors is minor.」
The company assesses that measures including hygiene management, staggered shifts, staggered working hours, and teleworking have reduced the risks of employee infections and worksite closures, and judges that the impact of COVID-19 on operating results and financial condition is minor. - FY2023-Q1WorsenedAnnual report
「Although some positive signs have emerged, including the development of large-scale redevelopment and renovation projects, a full-scale recovery from the COVID-19 pandemic has yet to materialize. Uncertainty over the outlook due to geopolitical risks, higher crude oil prices, soaring material and component prices caused by the weaker yen, and supply constraints resulting from semiconductor shortages also continued, making conditions difficult overall.」
A full-scale recovery from the COVID-19 pandemic has yet to materialize, while supply constraints and price increases continue. In terms of results, net sales declined 1.8% year on year and the operating loss was ¥462 million, indicating that difficult market conditions, including the impact of COVID-19, are continuing. - FY2022WorsenedAnnual report
「Although there have been signs of recovery driven by the effects of various measures and other factors, the impact of COVID-19 remains significant. In addition, the outlook remains uncertain due to factors including the situation in Ukraine, and the outlook for economic recovery continues to lack clarity.」
The company states that the impact of COVID-19 remains significant and that the outlook for economic recovery continues to lack clarity. In addition to the prolonged pandemic, the situation in Ukraine has become an additional source of uncertainty. - FY2022-Q3WorsenedAnnual report
「Although there have been signs of recovery driven by the effects of various policies and other factors, the renewed spread of infection due to COVID-19 variants continues to cloud the outlook for economic recovery.」
The company states that the renewed spread of infection due to variants continues to cloud the outlook for economic recovery. In additional information, the assumption for the recovery of socioeconomic activity has also been revised from during fiscal 2021 to during fiscal 2022. - FY2022-Q2RestatedAnnual report
「Although there have been signs of recovery, including the full-scale rollout of vaccinations in Japan, repeated declarations of a state of emergency continue to cloud the outlook for economic recovery.」
The company refers to signs of recovery driven by vaccinations and other factors, while stating that repeated declarations of a state of emergency continue to cloud the outlook for economic recovery. - FY2022-Q1RestatedAnnual report
「However, in addition to higher labor costs caused by the labor shortage and surging material prices due to higher copper prices, the timing of the end of the COVID-19 pandemic remains uncertain. If construction work is suspended or postponed and conditions diverge from the assumptions above, this could affect the Group's results and financial condition.」
The timing of the end of the pandemic remains uncertain, and the company continues to disclose the possibility that interruptions and postponements of construction and other factors could affect operating results and financial condition. - FY2021MaterialisedAnnual report
「Economic activity declined sharply as the spread of COVID-19 continued, creating a difficult situation.」
Restrictions on sales activities and the postponement or reduction of capital expenditure plans due to the spread of COVID-19 affected actual results. Net sales were ¥32,424 million and operating income was ¥1,223 million, both below the year-earlier period. - FY2021-Q3MaterialisedAnnual report
「For the nine-month period of the current third quarter, net sales were ¥22,726 million, operating income was ¥593 million, ordinary income was ¥664 million, and net income attributable to owners of the parent was ¥425 million, all below the year-earlier period due to the decline in repair and maintenance work and large-scale projects, the contraction of sales activities resulting from the spread of COVID-19, and other factors.」
The contraction of sales activities resulting from the spread of COVID-19 affected actual results, and net sales, operating income, ordinary income, and quarterly net income attributable to owners of the parent were all below the year-earlier period. - FY2021-Q2MaterialisedAnnual report
「As a result, consolidated results for the cumulative second quarter period fell below the year-earlier period, with net sales of ¥14,460 million, operating income of ¥254 million, ordinary income of ¥302 million and quarterly profit attributable to owners of the parent of ¥193 million, owing to declines in repair and maintenance work and large projects and the contraction in sales activities caused by the spread of COVID-19.」
The contraction of sales activities resulting from the spread of COVID-19 affected actual results, and net sales, operating income, ordinary income, and quarterly net income attributable to owners of the parent were all below the year-earlier period. - FY2021-Q1MaterialisedAnnual report
「In addition to the decline in repair and maintenance work and large-scale projects, restrictions on sales activities resulting from the spread of COVID-19 affected results. Net sales were ¥5,949 million, down 14.2% year on year, while profit was affected by the decline in net sales and project fluctuations, resulting in an operating loss of ¥283 million, an ordinary loss of ¥259 million, and a quarterly net loss attributable to owners of the parent of ¥193 million.」
Restrictions on sales activities resulting from the spread of COVID-19 affected actual results. Net sales declined 14.2% year on year, while the operating loss was ¥283 million, the ordinary loss was ¥259 million, and the quarterly net loss attributable to owners of the parent was ¥193 million. - FY2020First statedAnnual report
「To prevent the spread of infection, the Group is implementing efficient business operations, including rigorous hygiene management, staggered shifts, staggered working hours, and teleworking. However, further spread of infection could affect the Group's operating results and financial condition through employees being suspended from work due to infection, office closures, or the closure of worksites if large-scale clusters occur at customer sites or other locations.」
The company identifies the impact of the spread of COVID-19 on employees, offices, and customer worksites as a new major risk. Although the impact on operating results for the current fiscal year is described as minor, the company anticipates an impact from possible revisions to customers' investment plans and other factors.