Impact of COVID-19 on Orders Received, Construction Projects and Business Performance
First written in FY2020. 5 of 11 entries say "Restated". Latest entry: FY2024.
Shin Nippon Air Technologies moved to the "Worse" side of this theme in 2024, 3 years after the typical company in this theme (2021).
The whole theme swung hardest in 2024: 6 of 14 companies on the "Worse" side.
2 other companies' latest entry also says "Reframed".
- FY2024ReframedAnnual report
「The Group regards the spread of new infectious diseases as a risk, and this may have a material impact on the Group’s financial condition, business performance and other matters through stagnation in order-taking activities, postponement or cancellation of projects in hand, and extensions to construction periods due to the closure of construction sites.」
The previous infectious-disease risk centered on COVID-19 has been generalized as the risk of “the spread of new infectious diseases,” while the impact channels involving order-taking, projects in hand and construction-site closures continue to be disclosed. - FY2024-Q1MitigatedAnnual report
「COVID-19 was reclassified as a Category V infectious disease, and socioeconomic activity is moving toward normalization, but」
Regarding COVID-19, the company describes its reclassification as a Category V infectious disease and socioeconomic activity moving toward normalization, indicating a less adverse impact environment than before. - FY2023-Q3RestatedAnnual report
「Restrictions related to COVID-19 have been eased and socioeconomic activity is moving toward normalization, but」
Regarding COVID-19, the company continues to describe eased restrictions and socioeconomic activity moving toward normalization. - FY2023-Q2MitigatedAnnual report
「Restrictions related to COVID-19 have been eased and socioeconomic activity is moving toward normalization, but」
Regarding COVID-19, the company describes eased restrictions and socioeconomic activity moving toward normalization, indicating a less adverse impact environment than before. It states that there have been no material changes to the risks themselves. - FY2022-Q3WorsenedAnnual report
「During the first 3 quarters of the consolidated fiscal year, Japan's economy remained subject to restrictions on economic activity and weak personal consumption resulting from COVID-19. Although signs of a recovery emerged in some areas owing to the spread of vaccinations and other factors, the outlook remained uncertain because of the spread of new variants.」
Regarding infectious-disease risk, the company describes signs of partial recovery from vaccinations alongside uncertainty over the outlook due to the spread of new variants. - FY2022-Q2RestatedAnnual report
「During the first 6 months of the current second quarter, Japan’s economy remained affected by restrictions on economic activity and weak personal consumption due to COVID-19. Although some signs of recovery emerged amid expectations that the spread of the disease would subside as vaccinations became more widespread, the outlook remained uncertain.」
The company continues to recognize restrictions on economic activity and weak personal consumption caused by COVID-19, while also noting expectations of a decline in the spread of the disease as vaccinations become more widespread and signs of recovery in some areas. - FY2022-Q1RestatedAnnual report
「During the first quarter of the consolidated fiscal year, Japan's economy remained affected by restrictions on economic activity and weak personal consumption resulting from COVID-19. Although signs of a recovery emerged in some areas, the outlook remained uncertain.」
The company continues to recognize an uncertain outlook as restrictions on economic activity and weak personal consumption caused by COVID-19 persist. It states that there have been no material changes to business and other risks. - FY2021ReframedAnnual report
「Although the Group has implemented measures to prevent the spread of infectious diseases, the spread of COVID-19 and other infectious diseases may have a material impact on the Group’s financial condition, business performance and other matters through stagnation in order-taking activities, postponement or cancellation of projects in hand, and extensions to construction periods due to the closure of construction sites.」
The infectious-disease risk has been broadened from COVID-19 alone to “COVID-19 and other infectious diseases,” with the impact on order-taking, projects in hand and construction-site closures formally organized as risk items. - FY2021-Q3RestatedAnnual report
「Economic activity gradually resumed after the lifting of the state of emergency in May 2020, and signs of a gradual recovery emerged. However, COVID-19 infections were beginning to spread again as winter approached, and the outlook remained highly uncertain, with the situation allowing no room for complacency.」
The company continues to recognize the risk of a resurgence of infectious diseases and uncertainty over the outlook. It states that there have been no material changes to business and other risks. - FY2021-Q1RestatedAnnual report
「Following the lifting of the government’s state of emergency declaration, economic activity has resumed and signs of recovery have emerged, but concerns about a second wave remain and the situation continues to require close monitoring.」
The company continues to recognize forward-looking risks from COVID-19, including concerns about a second wave. It states that there have been “no material changes” to business and other risks. - FY2020First statedAnnual report
「The spread of COVID-19 may have a material impact on the Group’s financial condition, business performance and other matters through disruptions to order-taking activities, postponement or cancellation of construction projects already secured, and extensions to construction periods due to the closure of construction sites.」
The company has newly identified the impact of COVID-19 on order-taking activities, secured construction projects, construction sites, construction periods, financial condition and business performance as major risks.