Rebound decline following the consumption tax increase and a cooling of construction demand after the Tokyo Olympics
First written in FY2019. 3 of 5 entries say "Materialised", first in FY2020-Q3. Latest entry: FY2022-Q3.
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- FY2022-Q3MaterialisedAnnual report
「Orders for waterworks-related construction and electrical equipment maintenance declined because construction was curtailed during the Tokyo Olympic and Paralympic Games. Meanwhile, a major project involving the underground installation of conduits under Tokyo Electric Power Grid Co., Ltd.'s capital investment plan was completed, and irrigation projects improved significantly after orders were frozen or postponed in the previous fiscal year due to the spread of COVID-19.」
The curtailment of construction during the Tokyo Olympic and Paralympic Games actually resulted in lower order volumes for waterworks-related construction and electrical equipment maintenance. Meanwhile, irrigation projects improved significantly from the order freezes and cancellations in the previous fiscal year. - FY2022-Q1WorsenedAnnual report
「In some regions, construction was curtailed during the Tokyo Olympic and Paralympic Games.」
Regarding the impact related to the Tokyo Olympic and Paralympic Games, the description included not only cooling demand but also the specific impact channel of construction curtailment in some regions during the Games. - FY2021-Q2MaterialisedAnnual report
「In the gas pipeline business, construction progress on replacement and renewal work for aging pipelines advanced because the Tokyo Olympic and Paralympic Games, originally scheduled for this summer, were postponed and construction continued during the state of emergency. This raised the possibility that gas operators could reach their capital investment budgets ahead of schedule. At the same time, new gas pipeline construction declined because sales activities to switch customers from other fuels to city gas were suspended, leaving the outlook for business performance uncertain.」
The postponement of the Tokyo Olympic and Paralympic Games became a reality, and the gas pipeline business was described as facing both a decline in new gas pipeline construction associated with the suspension of sales activities to switch customers from other fuels to city gas and the possibility of reaching capital investment budgets ahead of schedule. - FY2020-Q3MaterialisedAnnual report
「Personal consumption temporarily declined in October due to a rebound from advance demand before the consumption tax increase and the impact of a major typhoon. It subsequently recovered, supported by continued signs of improvement from rising wage income reflecting better employment conditions, as well as the effects of measures to offset the tax increase, including point rebates for cashless payments and the introduction of premium shopping vouchers, and overall remained on a moderate recovery trend.」
The rebound decline following the consumption tax increase anticipated in the previous fiscal year actually occurred as a temporary decline in personal consumption in October. The impact of a major typhoon was also noted at the same time. - FY2019First statedAnnual report
「In addition to advance demand ahead of the consumption tax rate increase and the subsequent rebound decline, a cooling of construction demand after the Tokyo Olympic and Paralympic Games, and intensifying competition among operators as the liberalization of electricity and gas retailing progresses in the energy industry are expected.」
The rebound decline following the consumption tax rate increase and the cooling of construction demand after the Tokyo Olympic and Paralympic Games were presented for the first time as independent risk factors affecting the future business environment.