Risk of Deterioration in Economic and Real Estate Market Conditions Due to the COVID-19 Pandemic
First written in FY2020-Q2. 6 of 10 entries say "Restated". Latest entry: FY2023.
1 other company's latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「Following the easing of activity restrictions as COVID-19 subsided, social and economic activity, which had been stagnant for an extended period, has picked up.」
The disclosure states that the impact of activity restrictions and economic stagnation associated with COVID-19 has eased as the pandemic subsided and activity restrictions were relaxed. However, the risk of a new infectious disease outbreak continues to be disclosed. - FY2023-Q3RestatedAnnual report
「There have been no material changes to the accounting estimates concerning the impact of COVID-19 and the assumptions used in those estimates, as described under “Significant Accounting Estimates” in the annual securities report for the previous consolidated fiscal year.」
The disclosure explains that there have been no material changes to the accounting estimates and assumptions concerning COVID-19. - FY2023-Q1RestatedAnnual report
「There have been no material changes to the accounting estimates concerning the impact of COVID-19 and the assumptions used in those estimates, as described under “Significant Accounting Estimates” in the annual securities report for the previous consolidated fiscal year.」
The disclosure explains that there have been no material changes to the accounting estimates and assumptions concerning COVID-19. - FY2022-Q3RestatedAnnual report
「There have been no material changes to the accounting estimates concerning the impact of COVID-19 and the assumptions used in those estimates, as described under “Significant Accounting Estimates” in the annual securities report for the previous consolidated fiscal year. However, because estimates of when COVID-19 will subside and other factors remain uncertain, they may affect our financial position and operating results in the future.」
The disclosure explains that there have been no material changes to the accounting estimates and assumptions concerning COVID-19, while uncertainty regarding when the pandemic will subside and other factors continues. - FY2022-Q2RestatedAnnual report
「There have been no material changes to the accounting estimates concerning the impact of COVID-19 and the assumptions used in those estimates, as described under “Significant Accounting Estimates” in the annual securities report for the previous consolidated fiscal year. However, because estimates of when COVID-19 will subside and other factors remain uncertain, they may affect our financial position and operating results in the future.」
The disclosure explains that there have been no material changes to the accounting estimates and assumptions concerning COVID-19, while uncertainty regarding when the pandemic will subside and other factors continues. - FY2022-Q1RestatedAnnual report
「There have been no material changes to the accounting estimates concerning the impact of COVID-19 and the assumptions used in those estimates, as described under “Significant Accounting Estimates” in the annual securities report for the previous consolidated fiscal year. However, because estimates of when COVID-19 will subside and other factors remain uncertain, they may affect our financial position and operating results in the future.」
The disclosure states that there have been no material changes to the accounting estimates and assumptions concerning COVID-19, while uncertainty remains regarding when the pandemic will subside and other factors. - FY2021RestatedAnnual report
「Although we believe that the spread of COVID-19 also represents a new business opportunity for our group, there is no assurance that the business opportunity will materialize or continue in the future.」
The disclosure continues to cover both the adverse impact of infectious diseases on economic and business activity and the view that demand for detached houses represents a business opportunity. - FY2020MaterialisedAnnual report
「The global spread of COVID-19, including in Japan, and infection-prevention measures implemented by governments have had a serious adverse impact on economic activity. As the outlook for economic conditions remains highly uncertain, the global economic downturn may continue for an extended period.」
The serious adverse impact of infectious diseases on economic activity continued to be disclosed as a risk, including the possibility of falling rents, deterioration in the sales market, activity restrictions and supply chain disruptions. - FY2020-Q3MaterialisedAnnual report
「The global spread of COVID-19, including in Japan, and infection-prevention measures implemented by governments have had a serious adverse impact on economic activity. As the outlook for economic conditions remains highly uncertain, the global economic downturn may continue for an extended period.」
The disclosure specified the possibility of a serious adverse impact of COVID-19 on economic activity, deterioration in the real estate market, activity restrictions and supply chain disruptions. - FY2020-Q2MaterialisedAnnual report
「If an infectious disease for which no treatment has been established, such as COVID-19, were to spread, causing a prolonged economic downturn due to weakened consumer sentiment, it could affect our group's business performance and financial position.」
The risk of an economic downturn caused by an infectious disease outbreak was newly disclosed as a business risk. The same filing explained that falling rents and deterioration in the sales market accompanying the spread of COVID-19 led to an impairment loss of ¥1,887 million in the income-producing real estate business.