Deterioration in the economic and business environment due to the spread of COVID-19
First written in FY2020. 5 of 17 entries say "Softened", first in FY2022-Q1. Latest entry: FY2025.
Kyowanissei moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
58 other companies' latest entry also says "Dropped".
- FY2025DroppedAnnual report
「During the fiscal year, Japan's economy continued to recover gradually.」
In the new securities report's economic overview and business and other risks, the deterioration in the economic and business environment caused by the spread of COVID-19 was not identified as a major theme. - FY2024RestatedAnnual report
「The negative impact of COVID-19, which was reclassified under the Infectious Diseases Control Act as a Class 5 disease in May, eased, and economic activity continued to recover gradually.」
The disclosure indicated that the negative impact of COVID-19 on the economic and business environment had eased and that economic activity continued to recover gradually. - FY2024-Q3SoftenedAnnual report
「The negative impact of COVID-19, which was reclassified under the Infectious Diseases Control Act as a Class 5 disease, eased. Although some weakness remained in economic and social activity, the economy continued to recover gradually.」
The disclosure changed to state that the negative impact of COVID-19 had eased and that economic and social activity continued to recover gradually. The wording of the risk was further softened from the deterioration in the economic and business environment caused by the disease through the previous quarter. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter, COVID-19 was reclassified under the Infectious Diseases Control Act as a Class 5 disease in May. As economic and social activity normalized, the economy continued to recover gradually.」
Regarding COVID-19, the disclosure continued to note the Class 5 reclassification, the normalization of economic and social activity and the economic recovery from the previous quarter. - FY2024-Q1SoftenedAnnual report
「In May, COVID-19 was reclassified under the Infectious Diseases Control Act as a Class 5 disease. As efforts to normalize economic and social activity progressed, the economy continued to recover gradually. Personal consumption recovered, particularly in dining out and accommodation services, and capital investment also showed signs of recovery against a backdrop of improving corporate earnings.」
Regarding the deterioration in the economic and business environment caused by the spread of COVID-19, the disclosure noted the Class 5 reclassification, the normalization of economic and social activity, and the recovery in personal consumption and capital investment, further softening the wording from the deterioration phase. - FY2023SoftenedAnnual report
「As measures against COVID-19 progressed, economic activity continued to recover gradually from the beginning of the fiscal year.」
Regarding the deterioration in the economic and business environment caused by the spread of COVID-19, the disclosure noted progress in infection-control measures and the recovery in economic activity, softening the wording from the deterioration phase through the previous fiscal year. - FY2023-Q3SoftenedAnnual report
「During the cumulative third quarter, efforts to balance preventing the spread of COVID-19 with economic activity continued, and the economy continued to recover gradually.」
The description of COVID-19 changed from the previous quarter's reference to a renewed spread of infections to a statement that efforts to balance infection prevention with economic activity and the economic recovery were continuing. - FY2023-Q2Renewed spread of infections alongside economic recoveryAnnual report
「During the cumulative second quarter, COVID-19 infections surged again from July onward. However, as employment conditions began to recover, personal consumption recovered mainly in face-to-face services such as dining out and accommodation, while capital investment also increased gradually against a backdrop of improving corporate earnings.」
While the renewed spread of COVID-19 was disclosed, the recovery in personal consumption, corporate earnings and capital investment was also noted, indicating that the spread of infections and economic recovery were occurring concurrently. - FY2023-Q1MitigatedAnnual report
「During the cumulative first quarter, Japan's economy showed signs of moving gradually toward normalization as measures against COVID-19 progressed and the spread of the Omicron variant eased.」
The disclosure described progress in measures against COVID-19, a lull in the spread of the Omicron variant and signs of economic activity moving toward normalization. However, uncertainties such as the disappearance of inbound demand remained. - FY2022MitigatedAnnual report
「Irrigation work, including green-space irrigation facilities, and renovation work, including drainage pipe lining, which were significantly affected by the spread of COVID-19 in the previous fiscal year, improved substantially.」
Irrigation and renovation work, which were significantly affected by the spread of COVID-19 in the previous fiscal year, were described as having improved substantially in the current fiscal year. - FY2022-Q2MitigatedAnnual report
「Irrigation work, including landscaping irrigation systems, which had been heavily affected by the spread of COVID-19 in the previous fiscal year, improved substantially.」
The irrigation business, which was significantly affected by the spread of COVID-19 in the previous fiscal year, was described as having improved substantially. However, concerns about a sixth wave remained for the economy as a whole. - FY2022-Q1SoftenedAnnual report
「At present, the impact of the spread of COVID-19 has not materialized. However, if infections spread again and greater restrictions are required, sales activities for newly built detached homes may be suspended and construction starts postponed, potentially causing further declines in new gas equipment installation work and TES work. In irrigation work, orders may be frozen or cancelled if golf course attendance falls sharply as it did last fiscal year. Renovation work involving work at private residences, including drainage pipe lining, may also be forced to suspend construction.」
While the current quarter indicates that the business impact of the spread of COVID-19, which became apparent in the previous fiscal year, has not materialized, the potential impact of a renewed spread of infections continues to be disclosed. - FY2021WorsenedAnnual report
「Due to the spread of COVID-19, sales activities for newly built detached homes were suspended and construction starts were postponed, resulting in declines in new gas equipment installation work and TES work. In irrigation work, the sharp decline in golf course attendance during the state of emergency led to the freezing or cancellation of budgets for planned projects. In addition, renovation work involving work at private residences was forced to suspend construction.」
The full-year business results reflected suspended sales activities, postponed construction starts, fewer projects, the freezing or cancellation of planned projects and the suspension of renovation work due to the spread of COVID-19. - FY2021-Q3WorsenedAnnual report
「In addition, due in part to the impact of the spread of COVID-19, orders received during the period amounted to ¥25,200 million, down ¥1,255 million, or 4.7%, year on year, and the order backlog stood at ¥18,115 million, down ¥145 million, or 0.8%, year on year. Moreover, the reissuance of the state of emergency declaration may prolong the difficult order environment. In the gas pipeline business, construction progress on the replacement of aging pipes advanced because construction continued during the state of emergency, raising the possibility that gas operators may reach their capital expenditure budgets earlier than expected. The outlook for business performance therefore remains uncertain.」
The impact of the spread of COVID-19 became apparent in a 4.7% decline in orders received and a 0.8% decline in the order backlog. The reissuance of the state of emergency declaration was also indicated as potentially causing further deterioration in the order environment, while gas operators may reach their capital expenditure budgets earlier than expected. - FY2021-Q2WorsenedAnnual report
「In addition, as a result of the spread of COVID-19, housing starts for newly built detached homes remained on a declining trend, while orders for large-scale renovation projects decreased. In irrigation work, the sharp decline in golf course attendance led to the freezing or cancellation of planned projects. Consequently, orders received during the period amounted to ¥16,836 million, down ¥1,129 million, or 6.3%, year on year, and the order backlog stood at ¥17,912 million, down ¥103 million, or 0.6%, year on year. If delays in starting construction and weak sales of newly built detached homes continue, housing starts may decline further. In irrigation work, the freezing of orders may continue if golf course attendance does not recover. In renovation work, some projects already ordered have begun to be carried over into the next fiscal year, and construction plans are being revised.」
The impact of the spread of COVID-19 continued across the new-home, renovation and irrigation businesses in the form of fewer orders, frozen plans and suspended construction, extending to declines in orders received and the order backlog, as well as the carryover of projects already ordered and the revision of plans. - FY2021-Q1MaterialisedAnnual report
「As a result of the spread of COVID-19, housing starts for newly built detached homes remained on a declining trend, while orders for large-scale renovation projects decreased. In irrigation work, the sharp decline in golf course attendance led to the freezing or cancellation of planned projects. Consequently, orders received during the period amounted to ¥8,991 million, down ¥524 million, or 5.5%, year on year, and the order backlog stood at ¥18,860 million, down ¥441 million, or 2.3%, year on year.」
The impact of the spread of COVID-19 on renovation, plant maintenance and irrigation work materialized in the form of suspended construction, fewer orders, the freezing or cancellation of planned projects, a 5.5% decline in orders received and a 2.3% decline in the order backlog. - FY2020First statedAnnual report
「However, from March onward, the spread of COVID-19 caused corporate earnings, which had remained strong, to deteriorate in both the manufacturing and non-manufacturing sectors due to a sharp decline in exports, a decrease in inbound consumption and the spread of calls for self-restraint. Personal consumption also fell sharply, particularly in leisure-related areas such as dining out and travel, as the government called for people to refrain from holding large events and requested business closures, prompting a widespread movement to avoid non-essential and non-urgent outings. The outlook has therefore become even more uncertain.」
The impact of the spread of COVID-19 on corporate earnings, personal consumption and the uncertain outlook was first described as an external-environment risk arising as of the end of the fiscal year.