Impact of COVID-19 on Housing Demand and Business Performance
First written in FY2021. 5 of 8 entries say "Restated". Latest entry: FY2024-Q3.
0 other companies' latest entry also says "Mitigated".
- FY2024-Q3MitigatedAnnual report
「As COVID-19 was reclassified under the law as a Class 5 infectious disease and economic and social activity moved toward normalization, the economy continued on a moderate recovery trend.」
The Company stated that COVID-19 had been reclassified as a Class 5 infectious disease and that economic and social activity had moved toward normalization. - FY2023RestatedAnnual report
「In Japan, restrictions on activities imposed due to the impact of COVID-19 were gradually eased, and normal economic activity was beginning to return.」
Although the impact of COVID-19 remained in the background, the Company also cited the easing of restrictions on activities and the normalization of economic and social activity. - FY2023-Q2RestatedAnnual report
「Although the impact of COVID-19 continued, economic and social activity moved toward normalization, and signs of a recovery emerged.」
The Company cited both the continuing impact of COVID-19 and the normalization of economic and social activity, while stating that there had been no material changes in business and other risks. - FY2022RestatedAnnual report
「If COVID-19 spreads further under these circumstances, or if the national or local governments impose restrictions on going out or issue requests for voluntary restraint, personal and property damage, business suspensions and delays, and a decline in customer traffic could occur.」
The Company continued to disclose the risk of business suspensions and delays and a decline in customer traffic resulting from the spread of infections, restrictions on going out and requests for voluntary restraint. - FY2022-Q3RestatedAnnual report
「A further resurgence of COVID-19 infections could affect the Group's business and other operations, and its business performance and financial condition, depending on when the pandemic subsides and how other circumstances develop.」
The Company continued to disclose the potential impact of a resurgence in infections on business performance and financial condition. It stated that there had been no material changes in business and other risks. - FY2022-Q2WorsenedAnnual report
「A further resurgence of COVID-19 infections could affect the Group's business and other operations, and its business performance and financial condition, depending on when the pandemic subsides and how other circumstances develop.」
The potential impact on business performance and financial condition continued to be cited against a backdrop of a resurgence in infections and the issuance of a state of emergency. - FY2022-Q1RestatedAnnual report
「New housing starts in the related owner-occupied housing category came to 103.4% of the previous fiscal year, while starts of detached subdivision homes came to 95.8%. Although the contraction in social and economic activity due to COVID-19 had an impact, owner-occupied housing starts turned positive year on year as staying at home and teleworking became more widespread.」
The impact of COVID-19 continued, but the Company also reported increased demand for owner-occupied housing driven by staying at home and the spread of teleworking, showing both sides of the impact. - FY2021First statedAnnual report
「New housing starts nationwide came to 90.1% of the previous fiscal year. The Group's principal business is the construction of newly built detached homes. New housing starts in the related owner-occupied housing category came to 90.4% of the previous fiscal year, while starts of detached subdivision homes came to 88.6%. As social and economic activity contracted amid the spread of COVID-19, new housing starts continued to trend below the previous fiscal year.」
The Company acknowledged the decline in new housing starts in the market while explaining that no material impact on the Group had arisen.