Construction Delays and Deterioration in the Order Environment Due to COVID-19
First written in FY2020. 5 of 8 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2024: 6 of 27 companies on the "Worse" side.
13 other companies' latest entry also says "Dropped".
- FY2024DroppedAnnual report
「As the normalisation of socioeconomic activity progressed following the end of the COVID-19 pandemic, both domestic and external demand recovered. Against a backdrop of strong corporate earnings, orders remained strong, particularly for industrial facility projects, resulting in an increase in the value of construction orders received.」
The previously prominent disclosure of the risk of construction delays and deterioration in the order environment due to COVID-19 has disappeared from the major risks for the current fiscal year, while the normalization of economic activity is noted. - FY2024-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The Company states that there have been no new developments or material changes regarding the risk of construction delays and deterioration in the order environment due to COVID-19. - FY2023MitigatedAnnual report
「Although the effects of COVID-19 remained, economic activity moved toward normalization as infection-control measures were balanced with social activities and restrictions on activities were eased.」
While stating that the effects of COVID-19 remained, the disclosure describes the easing of restrictions on activities and the normalization of economic activity, with less direct reference to the previously disclosed construction delays and deterioration in the order environment. - FY2022-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The Company states that there have been no new developments or material changes regarding the risk of construction delays and deterioration in the order environment due to COVID-19. - FY2022-Q2RestatedAnnual report
「No new business or other risks arose during the six months ended 30 September. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The Company states that there have been no new developments or material changes regarding the risk of construction delays and deterioration in the order environment due to COVID-19. - FY2021-Q2RestatedAnnual report
「During the second quarter of the current consolidated fiscal year-to-date period, there were no newly arising business or other risks. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The Company states that there have been no new developments or material changes regarding the risk of construction delays and deterioration in the order environment due to COVID-19. - FY2021-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The Company states that there have been no new developments or material changes regarding the risk of construction delays and deterioration in the order environment due to COVID-19. - FY2020MaterialisedAnnual report
「In response to the spread of COVID-19, the Company has made the safety of customers, business partners and employees its top priority and has implemented thorough infection-control measures, including temporarily closing construction sites, reducing commuting frequency through telework, staggered working hours and rotating shifts, and distributing disinfectant and masks to employees and sites under construction. The impact on the Group's business is expected to include lower net sales resulting from construction delays caused by the temporary closure of some construction sites. In addition, as personal consumption weakens due to calls for restraint on economic activity, capital investment is expected to be curtailed and the order environment in the construction industry is expected to become more challenging.」
The disclosure describes the temporary closure of some sites due to the spread of COVID-19, along with construction delays and deterioration in the order environment resulting from restrained capital investment.