Construction Suspensions, Financial Strain and Impact on Business Activities Caused by COVID-19
First written in FY2020. 6 of 15 entries say "Mitigated", first in FY2023-Q1. Latest entry: FY2025.
S E moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2024: 6 of 25 companies on the "Worse" side.
5 other companies' latest entry also says "Reframed".
- FY2025ReframedAnnual report
「The Group has introduced rules for thorough infection-prevention measures and enabling employees to work from home, and has taken measures to limit opportunities for infection. However, if circumstances arise, such as an outbreak of infection exceeding expectations, that cause business activities to be suspended or lifestyles to change, this could adversely affect the Group's performance and the continuity of its business activities.」
The wording has been revised from an explanation of impacts specific to COVID-19 to a discussion of risks and responses relating generally to the occurrence and spread of infectious diseases. - FY2024-Q3MitigatedAnnual report
「In the architecture and civil engineering markets closely related to our Group, public-sector construction has remained at the high levels seen in recent years, private-sector capital investment has finally begun to show signs of recovery, and local economic activity in Asia and Africa is gradually returning to pre-COVID-19 levels.」
It is stated that economic activity is normalizing as measures to control the infection are relaxed and that local economic activity in Asia and Africa is recovering, indicating that direct constraints on business activities have eased somewhat. - FY2024-Q1MitigatedAnnual report
「During the nine-month period ended in the first quarter, restrictions on local activities resulting from the spread of COVID-19 ended, and projects received had progressed smoothly.」
It is stated that restrictions on overseas local activities had ended and that projects received had progressed smoothly, indicating that business activity constraints caused by the infection had eased further. - FY2023MitigatedAnnual report
「Most restrictions and special measures related to COVID-19 have now been lifted, and economic activity is moving toward normalization.」
Restrictions on activities and special measures related to the infection have largely ended, easing direct constraints on business activities. However, the impact of supply chain disruptions and higher raw material prices remains. - FY2023-Q3MitigatedAnnual report
「During the nine-month period ended in the third quarter, restrictions on local activities resulting from the spread of COVID-19 had largely been lifted.」
It is stated that restrictions on overseas local activities had largely been lifted, and that business activity constraints caused by the infection had eased somewhat. However, the impact on performance from the decline in beginning-of-period order backlog and higher expenses remains. - FY2023-Q2MitigatedAnnual report
「In the architecture and civil engineering markets closely related to our group, government construction projects have remained firm, signs of a recovery in private-sector capital spending have emerged, and local economic activity in Asia and Africa is gradually resuming.」
Business activity constraints caused by COVID-19 have eased somewhat as restrictions on activities have been relaxed and local economic activity has resumed. However, it is also stated that impacts remain in each business. - FY2023-Q1MitigatedAnnual report
「During the first quarter of the fiscal year under review, restrictions on local activities due to the spread of COVID-19 had largely been lifted.」
The company states that restrictions on overseas activities had largely been lifted, indicating that constraints on business activity caused by COVID-19 had eased in part. However, the decline in opening order backlogs and the impact on overseas operations remain. - FY2022RestatedAnnual report
「The risks described above under [Risks attributable to the external environment] are materializing due to the spread of COVID-19. Although there have been short-term fluctuations due to the emergence of variants and other factors, vaccinations are progressing, the situation is moving toward containment, and economic activity is also recovering.」
While reduced demand in the construction and overseas markets and the impact on corporate activity caused by COVID-19 continue, the company also describes progress in vaccinations and the recovery of economic activity. - FY2022-Q3RestatedAnnual report
「During the nine-month cumulative period of the fiscal year under review, although there was an impact from the resurgence of COVID-19 infections, conditions in some countries allowed local activities to resume.」
While the impact of COVID-19 on overseas activities remains, activities have resumed in some countries. - FY2022-Q1RestatedAnnual report
「During the three months ended June 30, overseas operations remained suspended due to the spread of COVID-19, and there was no significant change in the business environment.」
Although the suspension of overseas activities due to COVID-19 continues, the company states that there has been no major change in the conditions of the overseas consulting business. - FY2021WorsenedAnnual report
「In the architectural hardware and overseas businesses affected by COVID-19, the company reviewed the plan on the assumption that the impact was highly likely to continue into fiscal 2021 and fiscal 2022.」
The company determined that the impact of COVID-19 was highly likely to continue into subsequent fiscal years in the architectural hardware and overseas businesses, and reflected this in its review of the Medium-Term Management Plan. - FY2021-Q3RestatedAnnual report
「The impact of COVID-19 can be broadly divided into the following 2 categories: 1. sales being deferred to later periods due to construction suspensions, and declines in sales and other revenue due to construction cancellations 2. declines in sales and other revenue due to stagnation of local economic activity and travel restrictions in overseas operations As of 12 February 2021, the date of submission of the quarterly securities report, impacts were occurring mainly in private-sector construction and overseas operations. As the spread and containment of the infection remain impossible to predict, it is currently difficult to determine whether the effects represent a permanent loss of demand or merely a deferral of sales. The company is carefully monitoring the period and magnitude of the impact. However, the manufacturing and sales business for construction materials, which is expected to drive the Medium-Term Management Plan, remains strong, and we believe there is no need to immediately revise the plan's strategy or the levels of its key target indicators. 」
The company continues to describe the impact of COVID-19 in 2 categories: sales impacts from construction suspensions and cancellations, and sales impacts from stagnation of economic activity and travel restrictions in overseas operations. While stating that the period and magnitude of the impact and whether demand has been permanently lost remain difficult to determine, it says that the key indicators of the Medium-Term Management Plan will not be immediately revised because the construction materials business remains strong. - FY2021-Q2WorsenedAnnual report
「The impact of COVID-19 can be broadly divided into the following 2 categories: 1. sales being deferred to later periods due to construction suspensions, and declines in sales and other revenue due to construction cancellations; and 2. declines in sales and other revenue due to stagnation of local economic activity and travel restrictions in overseas operations. As of 12 November 2020, the date of submission of the quarterly securities report, impacts were occurring mainly in private-sector construction and overseas operations. As the spread and containment of the infection remain impossible to predict, it is currently difficult to determine whether the effects represent a permanent loss of demand or merely a deferral of sales. The company is carefully monitoring the period and magnitude of the impact.」
The impact of COVID-19 is categorized into 2 types: sales impacts from construction suspensions and cancellations, and sales impacts from stagnation of economic activity and travel restrictions in overseas operations. The period and magnitude of the impact, and whether demand has been permanently lost, remain difficult to determine. - FY2021-Q1MaterialisedAnnual report
「The impact of the spread of COVID-19 on the group has mainly taken the form of sales being deferred to later periods due to construction suspensions and lower sales due to construction cancellations, particularly in private-sector construction. As the spread and containment of the infection remain impossible to predict, the company is carefully monitoring the period and magnitude of the impact. As a result, net sales for the first quarter of the fiscal year under review were broadly in line with the previous year in the manufacturing and sales business for construction materials and the repair and reinforcement construction business, both of which remained strong. However, due to the impact of lower demand caused by construction suspensions and other factors in the architectural hardware field following the spread of COVID-19, as well as delays in overseas activities in the construction consulting business, net sales declined to ¥4,885 million, down 12.5% year on year.」
The impact of COVID-19 has materialized as sales being deferred or declining due to suspensions and cancellations of private-sector construction, quantified as a 12.5% year-on-year decrease in consolidated net sales. - FY2020First statedAnnual report
「Regarding the risks described above under [Risks attributable to the external environment], the spread of COVID-19 may increase the likelihood that each risk will materialize. At present, however, the impact has been limited to temporary construction suspensions and similar effects. Although there may be some impact on the fiscal year's profit and loss, we believe there is no need to revise the Medium-Term Management Plan's strategy or target indicator levels.」
Although COVID-19 has already caused impacts such as temporary construction suspensions, the company indicates that it does not currently intend to revise the target levels of the Medium-Term Management Plan.