Risk of Stagnant Real Estate Transactions and Economic Deterioration Due to COVID-19
First written in FY2020-Q3. 4 of 18 entries say "Restated". Latest entry: FY2026.
Tsukuruba moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
11 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Continued rapid price increases could affect personal consumption through lower purchasing power and deteriorating consumer sentiment, creating a risk of a downturn in the economy. The impact of volatility in financial and capital markets and other factors must also continue to be monitored closely.」
The Company continues to identify reduced purchasing power caused by rapidly rising prices, deteriorating consumer sentiment and volatility in the financial and capital markets, rather than infectious diseases, as downside economic factors. - FY2026-H1Explicit Recognition of the Risk of Lower Purchasing Power Due to Rising PricesAnnual report
「Continued rapid price increases could affect personal consumption through lower purchasing power and deteriorating consumer sentiment, creating a risk of a downturn in the economy. The impact of volatility in financial and capital markets and other factors must also continue to be monitored closely.」
While indicating that the economy was expected to remain firm, the company specifically identified lower purchasing power and deteriorating consumer sentiment caused by rapid price increases, as well as volatility in financial and capital markets, as downside factors. - FY2025-H1Additional trade-policy risks and continued uncertainty in overseas economiesAnnual report
「However, there are risks that a downturn in overseas economies, including the impact of continued high interest rates in Europe and the United States and the continued stagnation of China's real estate market, could put downward pressure on Japan's economy. In addition, close attention must be paid to the impact of rising prices, policy developments in the United States, including trade policy, the situation in the Middle East and volatility in financial and capital markets.」
While stating that the economy was recovering moderately, the company identified high interest rates in Europe and the United States, stagnation in China's real estate market, rising prices, the situation in the Middle East, volatility in financial and capital markets, and policy developments in the United States, including trade policy, as sources of uncertainty. - FY2024Easing impact of infectious diseases, but uncertainty continues in overseas economies and financial marketsAnnual report
「However, there are risks that a downturn in overseas economies, including the impact of continued high interest rates in Europe and the United States and the continued stagnation of China's real estate market, could put downward pressure on the economy. These risks, together with rising prices, the situation in the Middle East and volatility in financial and capital markets, need to be closely monitored.」
While the impact of infectious diseases on economic activity is no longer prominent, overseas economies, interest rates, prices, the situation in the Middle East and volatility in financial and capital markets continue to be sources of uncertainty. - FY2024-Q1Economic recovery alongside new external sources of uncertaintyAnnual report
「During the cumulative first quarter on a consolidated basis, the economy recovered moderately, led by personal consumption. Looking ahead, a continued moderate recovery is expected as the employment and income environment improves, supported by the effects of various government policies. However, a downturn in overseas economies, including global monetary tightening and concerns about the outlook for the Chinese economy, poses risks of downward pressure on economic conditions, and rising prices, the situation in the Middle East and volatility in financial and capital markets also require close monitoring.」
The filing described an economic recovery led by personal consumption and an improvement in the employment and income environment, while also citing global monetary tightening, concerns about the outlook for the Chinese economy, rising prices, the situation in the Middle East and volatility in financial and capital markets as new sources of uncertainty. - FY2023Easing impact of infectious diseases, but uncertainty continues due to monetary tightening and other factorsAnnual report
「During the fiscal year, COVID-19 was reclassified as a Category 5 infectious disease, the same category as seasonal influenza, on 8 May 2023, and economic and social activity moved toward normalization. However, a downturn in overseas economies, including global monetary tightening and concerns about the outlook for the Chinese economy, also posed risks of downward pressure on economic conditions」
While COVID-19 was reclassified as a Category 5 infectious disease and economic and social activity moved toward normalization, the filing continued to cite global monetary tightening, concerns about the outlook for the Chinese economy, rising prices and volatility in financial and capital markets as sources of uncertainty. - FY2023-Q3RestatedAnnual report
「During the third quarter, economic and social activity moved toward normalization, including the decision to transition COVID-19 to Category 5 infectious disease status, the same category as seasonal influenza, from 8 May 2023. However, uncertainty about the outlook continued due to the impact of a downturn in overseas economies against a backdrop of global monetary tightening, the Bank of Japan's decision at its monetary policy meeting on 20 December 2022 to raise the fluctuation range for long-term interest rates, rising prices and supply-side constraints.」
The filing described the receding impact of the infectious disease and the normalization of economic and social activity, while continuing to cite global monetary tightening, a downturn in overseas economies, the widening of the long-term interest rate fluctuation range, rising prices and supply constraints as sources of uncertainty. - FY2023-Q2Easing impact of infectious diseases alongside monetary-tightening and higher-interest-rate risksAnnual report
「During the cumulative second quarter, economic and social activity moved toward normalization, including the decision to transition COVID-19 to Category 5 infectious disease status, the same category as seasonal influenza, from 8 May 2023. However, uncertainty about the outlook continued due to the impact of a downturn in overseas economies against a backdrop of global monetary tightening, the Bank of Japan's decision at its monetary policy meeting on 20 December 2022 to raise the fluctuation range for long-term interest rates from 0.25% to 0.5%, rising prices and supply-side constraints.」
While economic and social activity moved toward normalization, including the policy to reclassify COVID-19 as a Category 5 infectious disease, the filing cited global monetary tightening, a downturn in overseas economies, rising prices, supply constraints and the Bank of Japan's decision to raise the fluctuation range for long-term interest rates from 0.25% to 0.5% as sources of uncertainty. - FY2023-Q1Easing impact of infectious diseases, but uncertainty continues due to monetary tightening and other factorsAnnual report
「During the cumulative first quarter, COVID-19 peaked in August, after which the number of infected people declined and economic and social activity moved toward normalization. However, uncertainty about the outlook continued due to the impact of a downturn in overseas economies against a backdrop of global monetary tightening, rising prices and supply-side constraints.」
The filing described the decline in the number of infected people and the normalization of economic and social activity, while newly citing global monetary tightening, a downturn in overseas economies, rising prices and supply constraints as sources of uncertainty. - FY2022-Q3Infections decline, but uncertainty continuesAnnual report
「During the cumulative third quarter, the number of people infected with COVID-19 reached a record high in February due to the spread of variants and subsequently declined, but remained at a higher level than in the previous year. In addition, domestic and overseas economic conditions remained uncertain due to the impact of global interest rate increases, including those in the United States, on financial markets.」
The number of infected people declined after reaching a record high in February due to the spread of variants, but remained above the previous year's level. The outlook for economic conditions remained uncertain, compounded by the impact of global interest rate increases. - FY2022-Q2WorsenedAnnual report
「During the cumulative second quarter, COVID-19 had been contained in November and December, but variants began to spread from January onward. Domestic and overseas economic conditions remained uncertain due to sluggish personal consumption and stalled economic activity.」
The filing stated that variants had actually begun to spread from January onward, while sluggish personal consumption, stalled economic activity and uncertainty about the outlook continued. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter, COVID-19 initially spread rapidly, but the number of infected people declined in September, and all states of emergency had been lifted by the end of September. Although signs of a recovery in consumption activity emerged after the lifting of the state of emergency, uncertainty about the outlook had not been dispelled due to concerns about a renewed spread of variants of the infectious disease.」
The filing described the decline in the number of infected people, the lifting of the state of emergency and signs of a recovery in consumption activity, while continuing to note concerns about a renewed spread of variants and uncertainty about the outlook. - FY2021SoftenedAnnual report
「As of the filing date, COVID-19 was moving toward containment as vaccination coverage progressed.」
Although the number of properties supplied and the impact on personal consumption and economic activity continued during the fiscal year, the company assumed, as of the filing date, that the spread of the infectious disease would be contained through vaccination and that there would be no material impact from the following fiscal year onward. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter, domestic economic conditions remained uncertain due to sluggish personal consumption and stalled economic activity resulting from the spread of COVID-19, the declaration of a state of emergency and the application of priority preventive measures to prevent the spread of the disease.」
The filing continued to describe the impact of the spread of the infectious disease, the state of emergency and priority preventive measures on personal consumption and economic activity, as well as uncertainty about the outlook. It stated that there had been no material changes in business and other risks. - FY2021-Q2WorsenedAnnual report
「During the cumulative second quarter, domestic and overseas economic conditions remained uncertain due to sluggish personal consumption and stalled economic activity resulting from the spread of COVID-19 and the reissuance of a state of emergency in January 2021.」
The filing described the reissuance of the state of emergency in January 2021 due to the renewed spread of the infectious disease and its impact on personal consumption and economic activity, indicating continued uncertainty surrounding the infectious disease risk. - FY2021-Q1WorsenedAnnual report
「Although signs of a recovery in production and consumption activity emerged as a result of various government policies following the lifting of the state of emergency, uncertainty about the outlook has increased amid concerns about a renewed spread of the infectious disease.」
The filing stated that uncertainty about the outlook had increased due to concerns about a renewed spread of the infectious disease as its impact continued. - FY2020MaterialisedAnnual report
「From the cumulative third quarter onward, the number of transactions closed declined substantially in the short term due to requests to refrain from going out and the partial suspension of business operations associated with the spread of COVID-19.」
Requests to refrain from going out and business suspensions due to the infectious disease were reflected in the actual results as a decline in the number of transactions closed by cowcamo. - FY2020-Q3First statedAnnual report
「If the spread of a highly contagious infectious disease for which no treatment has been established, such as COVID-19, leads to government requests to refrain from going out, stagnation in real estate transactions or a prolonged economic downturn caused by weaker consumer sentiment, our performance may be affected.」
The company newly identified infectious-disease risk, stating that restrictions on going out, stalled real estate transactions and economic deterioration had begun affecting its business at the time of filing.