Risk of Business Impacts from the Spread of COVID-19
First written in FY2020. 5 of 13 entries say "Reframed", first in FY2022-Q1. Latest entry: FY2026.
Taikisha 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.
27 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「The occurrence of natural disasters such as earthquakes, tsunamis, and wind and flood damage, or pandemics such as infectious diseases, in regions where the Group operates may result in losses and affect the operating results and other aspects of the Group's business.」
The risk assessment has been generalized from the specific risk of the spread of COVID-19 to the broader risk of large-scale natural disasters, including natural disasters, accidents, and infectious diseases. - FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new major risks or significant changes to the business risks described in the annual securities report that management recognized as potentially having a material effect on the financial position, operating results, or cash flows of the consolidated companies, among the matters concerning business conditions and financial matters described in this Semiannual Report.」
The disclosure states that there has been no occurrence or significant change in the major risk related to the impact of the spread of COVID-19 on the business. - FY2023-Q3RestatedAnnual report
「During the first nine months of the current fiscal year, the global economy remained uncertain despite progress in balancing measures to prevent the spread of COVID-19 with economic activity, due to soaring resource prices associated with the protracted Ukraine crisis, policy rate hikes accompanying accelerating inflation in Europe and the United States, and rising tensions between the United States and China.」
While the situation continues to involve efforts to balance infection control and economic activity, external factors including soaring resource prices, inflation, interest rate hikes, and tensions in U.S.-China relations are also listed. - FY2023-Q2ReframedAnnual report
「During the first six months of the current fiscal year, the global economy remained uncertain despite progress in balancing measures to prevent the spread of COVID-19 with economic activity, due to soaring resource prices associated with the protracted Ukraine crisis, policy rate hikes accompanying accelerating inflation in Europe and the United States, and rising tensions between the United States and China.」
The description of infections shifted to a situation in which infection control and economic activity are being pursued together, while new external factors, including soaring resource prices, inflation, interest rate hikes, and tensions in U.S.-China relations, were also listed, updating the risk profile. - FY2023-Q1ReframedAnnual report
「During the first nine months of the current fiscal year, the global economy remained uncertain despite progress in balancing measures to prevent the spread of COVID-19 with economic activity, due to soaring resource prices and logistics costs against the backdrop of heightened tensions in Ukraine and strengthened economic sanctions against Russia, as well as supply-chain disruptions.」
While the impact of the spread of infections on economic activity is described in terms of progress toward balancing infection control and economic activity, uncertainty remains in overseas markets due to the effects of the infections. The risk assessment has shifted to include geopolitical factors, resource prices, logistics, and supply chain factors. - FY2022RestatedAnnual report
「The spread of COVID-19 may affect the operating results and other aspects of the Group's business due to harm to employees, delays in procuring construction materials, and suspension of construction work.」
The impact of the spread of infections on employees, material procurement, construction schedules, and operating performance continues to be disclosed as a major risk. - FY2022-Q3ReframedAnnual report
「During the nine-month period ended the current third quarter, economic activity remained subject to certain constraints as the global spread of COVID-19 continued, but the economy maintained its recovery trend as vaccines became widely available, particularly in advanced economies. …Meanwhile, the situation remained unstable due to the prolonged U.S.-China trade friction, rising resource prices, and supply shortages of components, including semiconductors, which affected the economy.」
The disclosure stated that economic activity remained constrained by the spread of infections, while advanced economies maintained their recovery trend as vaccines became widely available. It described an unstable environment in which infections, trade friction, rising resource prices, and component supply shortages coexisted. - FY2022-Q2WorsenedAnnual report
「During the six-month period ended the current second quarter, advanced economies such as Europe and the United States showed broader signs of recovery as COVID-19 vaccinations progressed, but uncertainty over the outlook increased due to the resurgence of infections, soaring raw material prices, and semiconductor shortages.」
While advanced economies were described as recovering due to vaccinations, uncertainty increased because of renewed infections, soaring raw material prices, and semiconductor shortages. The pace of recovery in Southeast Asia also slowed due to renewed infections. - FY2022-Q1ReframedAnnual report
「During the first quarter of the current consolidated fiscal year, the global economy showed signs of recovery as economic activity gradually resumed in the United States and Europe with the progress of COVID-19 vaccinations, although risks remained, including renewed infections caused by variants and volatility in financial and capital markets. In Asia, the spread of infections was contained in China and corporate activity remained steady, while in Southeast Asia the pace of recovery declined sharply as infections spread.」
In the United States and Europe, economic activity resumed as vaccinations progressed, while the risk of renewed infections caused by variants remained. In Southeast Asia, the pace of recovery declined due to the spread of infections. The disclosure shifted to a description in which improvements and deterioration coexisted across regions. - FY2021-Q3WorsenedAnnual report
「Although signs of a recovery were seen from the second quarter onward as economic activity resumed, the outlook remains uncertain, including the impact of renewed infections on economic activity.」
While a recovery associated with the resumption of economic activity was indicated, the impact of renewed infections on economic activity and uncertainty over the outlook persisted. In terms of operating performance, orders received, completed construction revenue, and profit were below the same period of the previous year. - FY2021-Q2WorsenedAnnual report
「During the six-month period ended the current second quarter, the global economy deteriorated significantly in the first quarter due to the spread of the novel coronavirus, followed by signs of a recovery as economic activity resumed in the second quarter. However, the outlook remains uncertain. More recently, the risk of renewed restrictions on activity has increased as infections have begun to spread again.」
While the disclosure described signs of a recovery as economic activity resumed, it also stated that the risk of renewed restrictions on activity had increased due to the resurgence of infections. In terms of operating performance, orders received, completed construction revenue, and profit were below the same quarter of the previous year. - FY2021-Q1MaterialisedAnnual report
「During the first quarter of the current consolidated fiscal year, the global economy deteriorated significantly as demand declined both in Japan and overseas due to the spread of the novel coronavirus.」
The potential impact of the spread of the novel coronavirus identified in the previous fiscal year was described as an actual market environment characterized by declining demand in Japan and overseas and economic deterioration. Declines in domestic and overseas completed construction revenue and profit were also disclosed. - FY2020First statedAnnual report
「The spread of the novel coronavirus (COVID-19), which became apparent in early 2020, has increased the likelihood of an impact on the operating results and other aspects of the Group's business due to harm to employees, delays in procuring construction materials, and suspension of construction work.」
The spread of the novel coronavirus was identified as a new major risk, with potential impacts on employees, material procurement, construction schedules, and operating performance. The disclosure states that the spread itself became apparent in early 2020.