Risks to Supply Chains, Construction Volumes and Project Schedules Arising from COVID-19
First written in FY2020. 9 of 14 entries say "Restated". Latest entry: FY2025.
Taihei Dengyo moved to the "Worse" side of this theme in 2023, 3 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
38 other companies' latest entry also says "Dropped".
- FY2025DroppedAnnual report
「3 【Business and Other Risks】」
The FY2025 list of major risks does not identify supply chain, construction volume and construction period risks associated with COVID-19 as separate items. - FY2025-H1RestatedAnnual report
「No new business or other risks arose during the current interim consolidated accounting period. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
States that there have been no new or material changes in existing risks, including supply chain, construction volume and construction period risks associated with COVID-19. - FY2024-Q3SoftenedAnnual report
「During the third quarter of the current fiscal year, Japan's economy was experiencing a moderate recovery as socioeconomic activity normalized with the end of the COVID-19 pandemic, supported by a recovery in personal consumption and improving employment conditions.」
The wording has changed from the previous description centered on restrictions on socioeconomic activity resulting from COVID-19 to wording describing the end of the pandemic and the normalization of socioeconomic activity. - FY2024-Q1SoftenedAnnual report
「During the first quarter of the current fiscal year, Japan's economy was transitioning into the post-COVID period, with socioeconomic activity moving toward normalization and inbound demand increasing further as a result of the weak yen. The economy is recovering moderately, led by domestic demand.」
The wording has changed from the previous description centered on restrictions on socioeconomic activity resulting from the spread of COVID-19 to wording describing the transition to the post-COVID period and the normalization of economic activity. - FY2023-Q3SoftenedAnnual report
「Restrictions on socioeconomic activity resulting from the spread of COVID-19 are expected to be almost entirely lifted. Although responding to rising prices and economic activity in Japan and overseas taking advantage of the weak yen are urgent priorities, the economy is expected to recover only moderately.」
States that restrictions on socioeconomic activity resulting from the spread of COVID-19 are expected to be almost entirely lifted, changing from the previous wording based on the assumption that restrictions would continue. Meanwhile, the accounting estimates continue to state that the timing of the end of the pandemic is uncertain and that future effects are possible. - FY2023-Q2RestatedAnnual report
「In its accounting estimates, our Group assumed that the effects of COVID-19 would continue for the time being and made its best estimates based on information available at this stage, while recognizing that the effects were minor. However, as the timing of the end of the COVID-19 pandemic remains uncertain, future developments could have a material effect on the amounts recognized in the consolidated financial statements for the second quarter of the current fiscal year and thereafter.」
While recognizing that the current effects of the infectious disease are minor, continues to explain that the timing of its end is uncertain and that it could have a material effect on future financial statements. - FY2023-Q1RestatedAnnual report
「In its accounting estimates, our Group assumed that the effects of COVID-19 would continue for the time being and made its best estimates based on information available at this stage, while recognizing that the effects were minor. However, as the timing of the end of the COVID-19 pandemic remains uncertain, future developments could have a material effect on the amounts recognized in the consolidated financial statements for the first quarter of the current fiscal year and thereafter.」
While recognizing that the current effects of the infectious disease are minor, continues to explain that the timing of its end is uncertain and that it could have a material effect on future consolidated financial statements. - FY2022RestatedAnnual report
「In its accounting estimates, our Group assumed that the effects of COVID-19 would continue for the time being and made its best estimates based on information available at this stage, recognizing that the effects were minor. However, as the timing of the end of the COVID-19 pandemic remains uncertain, future developments could have a material effect on the amounts recognized in the consolidated financial statements for the next consolidated fiscal year and thereafter.」
While recognizing that the current effects of the infectious disease are minor, continues to state that the timing of its end is uncertain and that it could affect future financial statements. - FY2022-Q3RestatedAnnual report
「In its accounting estimates, our Group assumed that the effects of COVID-19 would continue for the time being and made its best estimates based on information available at this stage, while recognizing that the effects were minor. However, as the timing of the end of the COVID-19 pandemic remains uncertain, future developments could have a material effect on the amounts recognized in the consolidated financial statements for the third quarter of the current fiscal year and thereafter.」
While recognizing that the effects of the infectious disease are currently minor, continues to explain that the timing of its end is uncertain and that it could have a material effect on future consolidated financial statements. - FY2022-Q1RestatedAnnual report
「In its accounting estimates, our Group assumed that the effects of COVID-19 would continue for the time being and made its best estimates based on information available at this stage, while recognizing that the effects were minor. However, as the timing of the end of the COVID-19 pandemic remains uncertain, future developments could have a material effect on the amounts recognized in the consolidated financial statements for the first quarter of the current fiscal year and thereafter.」
While recognizing that the effects of the infectious disease are currently minor, continues to explain that the timing of its end is uncertain and that it could have a material effect on future consolidated financial statements. - FY2021-Q3RestatedAnnual report
「In its accounting estimates, our Group assumed that the effects of COVID-19 would continue for the time being and made its best estimates based on information available at this stage, while recognizing that the effects were minor. However, as the timing of the end of the COVID-19 pandemic remains uncertain, future developments could have a material effect on the amounts recognized in the consolidated financial statements for the third quarter of the current fiscal year and thereafter.」
While recognizing that the effects of COVID-19 are currently minor, continues to explain that the timing of its end is uncertain and that it could have a material effect on future consolidated financial statements. - FY2021-Q2RestatedAnnual report
「In its accounting estimates, our Group assumed that the effects of COVID-19 would continue for the time being and made its best estimates based on information available at this stage, while recognizing that the effects were minor. However, as the timing of the end of the COVID-19 pandemic remains uncertain, future developments could have a material effect on the amounts recognized in the consolidated financial statements for the second quarter of the current fiscal year and thereafter.」
While recognizing that the effects of COVID-19 are currently minor, continues to explain that the timing of its end is uncertain and that it could have a material effect on future consolidated financial statements. - FY2021-Q1RestatedAnnual report
「In its accounting estimates, our Group assumed that the effects of COVID-19 would continue for the time being and made its best estimates based on information available at this stage, while recognizing that the effects were minor. However, as the timing of the end of the COVID-19 pandemic remains uncertain, future developments could have a material effect on the amounts recognized in the consolidated financial statements for the first quarter of the current fiscal year and thereafter.」
While currently recognizing the effects of COVID-19 as minor, continues to state that the timing of its end is uncertain and that it could have a material effect on future consolidated financial statements. - FY2020First statedAnnual report
「The spread of infectious diseases gives rise to the following risks: ① delays in the supply chain resulting from the implementation of policies such as lockdowns and restrictions on going out; ② a decline in construction volume due to reduced customer capital investment and cost-cutting; and ③ significant delays in construction periods caused by outbreaks of clusters.」
For the first time in the current fiscal year, separately identifies supply chain delays, lower construction volume resulting from reduced customer capital investment, and construction period delays caused by clusters associated with COVID-19 as business risks.