Impact of COVID-19 on Business Activities and Human Resources
First written in FY2020. 4 of 9 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2024-Q3.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024-Q3MitigatedAnnual report
「As COVID-19 was downgraded to Category 5 and restrictions on movement were eased, the recovery in demand for business and tourism, including inbound tourism, led to an increase in railway passengers and growing momentum among transportation companies to resume capital investment in safety and security equipment.」
The company stated that the downgrade of COVID-19 to Category 5 and the easing of movement restrictions had led to signs of recovery in railway passenger numbers and capital investment by transportation companies. - FY2022MaterialisedAnnual report
「During the consolidated fiscal year, operations were affected by the postponement of orders resulting from customers restraining investment amid the spread of COVID-19, and by delays in product delivery dates and construction periods caused by disruptions in parts supplies and logistics, among other factors,」
The restraint on customer investment, postponement of orders, disruptions in parts supplies and logistics, and delays in product delivery dates and construction periods associated with the pandemic actually affected performance in FY2022. - FY2022-Q3MaterialisedAnnual report
「For the nine months ended Q3, the extension of construction periods and other factors related to COVID-19 resulted in revenue of ¥35,693 million, down 1.8% year on year; operating profit of ¥87 million, down 58.1%; ordinary profit of ¥190 million, down 39.8%; and quarterly net profit attributable to owners of the parent of ¥114 million, down 44.6%.」
Extensions of construction periods and other factors resulting from the pandemic materialized as factors behind the declines in sales and profit in the nine-month cumulative period. - FY2022-Q2RestatedAnnual report
「In the oil, chemical and gas fields, construction projects for maintaining and managing facilities in the chemical and gas fields progressed as planned. However, sales remained sluggish due to delayed recovery in domestic demand in the oil field as a result of COVID-19 and a decline in projects to renovate aging facilities.」
The delayed recovery in domestic demand caused by COVID-19 continued to be reflected in weak sales in the oil field. - FY2021MaterialisedAnnual report
「However, the downturn in the industrial machinery and transportation industries and other factors resulting from COVID-19, the postponement of major renewal construction projects in the Industrial and Transportation fields to the following fiscal year, delays in the progress of some construction projects, and the transfer of all shares of 八洲電子ソリューションズ株式会社 and its removal from the scope of consolidation caused performance to fall below the previous consolidated fiscal year.」
The downturn in the industrial machinery and transportation industries caused by the pandemic, the postponement of major renewal construction projects to the following fiscal year, and delays in construction progress materialized as factors behind the full-year declines in sales and profit. - FY2021-Q3WorsenedAnnual report
「Under these circumstances, the business environment surrounding our Group, which mainly serves the steel, oil and transportation industries, remains challenging as weak domestic demand persists. We are working to strengthen our solution engineering capabilities and the earnings power of Group companies, while conducting our business to minimize the impact on performance.」
The company stated that, amid the continuing impact of COVID-19, the prolonged weakness in domestic demand had created a difficult business environment, particularly in the steel, oil and transportation industries. - FY2021-Q2WorsenedAnnual report
「Due to the downturn in the industrial machinery and transportation industries and other factors resulting from the impact of COVID-19, as well as the effect of transferring all shares of 八洲電子ソリューションズ株式会社 and removing it from the scope of consolidation, sales were ¥24.107 billion, down 19.4% year on year, and the operating loss was ¥19 million, compared with operating profit of ¥122 million in the same period of the previous year.」
In addition to the construction delays described in the previous quarter, the impact of the pandemic was extended to include the downturn in the industrial machinery and transportation industries and other factors, resulting in deteriorating performance including an operating loss. The performance figures also include the effects of the share transfer and removal from the scope of consolidation. - FY2021-Q1MaterialisedAnnual report
「For the three months ended Q1, revenue was ¥11,080 million, down 18.1% year on year; operating profit was ¥21 million, down 86.7%; ordinary profit was ¥58 million, down 71.3%; and quarterly net profit attributable to owners of the parent was ¥42 million, down 64.0%, due mainly to delays in construction progress caused by COVID-19 and the effects of transferring all shares in 八洲電子ソリューションズ株式会社 and excluding it from the scope of consolidation.」
Delays in construction progress caused by COVID-19 actually occurred, affecting business activities and performance in the form of lower sales and lower profit year on year. - FY2020First statedAnnual report
「The prolonged impact of the global spread of COVID-19 on the global economy could have a significant impact on the Group’s business activities as a whole, while employee infections and other factors could have a significant impact on its human resources, potentially affecting the Group’s financial position and operating results.」
COVID-19 was explicitly identified for the first time as a standalone major risk, with the potential impacts on the prolonged weakness in the global economy, business activities and human resources described.