Impact of COVID-19 on Construction Demand and Business Performance
First written in FY2020. 9 of 14 entries say "Mitigated", first in FY2021-Q2. Latest entry: FY2024-Q2.
The whole theme swung hardest in 2024: 6 of 27 companies on the "Worse" side.
9 other companies' latest entry also says "Mitigated".
- FY2024-Q2MitigatedAnnual report
「During the first six months of the fiscal year, Japan's economy showed signs of recovery in personal consumption, capital investment and employment conditions as social activity became more active in the post-COVID environment.」
Although the impact of COVID-19 remains in the background, the increased level of post-COVID social activity has eased its impact on the economy and business environment compared with the previous fiscal year. - FY2024-Q1MitigatedAnnual report
「During the first quarter of the fiscal year, Japan's economy showed signs of recovery in personal consumption, capital investment and employment conditions as social activity became more active following the reclassification of COVID-19 to Category 5.」
Although the impact of COVID-19 remains, social activity became more active following the reclassification to Category 5, and business sentiment showed signs of recovery. - FY2023RestatedAnnual report
「Although there are signs that the impact of COVID-19 is moving toward an end, conditions remain unpredictable regarding future developments.」
Although there are signs that the impact of COVID-19 is moving toward an end, the company continues to disclose the risks of business-site closures, restrictions on business activity, production stoppages and construction delays resulting from a renewed spread of infections. - FY2023-Q2MitigatedAnnual report
「During the first six months of the fiscal year, Japan's economy continued to show a gradual recovery in business sentiment, supported by various policies aimed at a new stage of living with COVID-19, although the impact of COVID-19 remained.」
Although the impact of COVID-19 remains, business sentiment continued to recover with policies for living with COVID-19 and other measures, easing the impact on performance compared with the previous fiscal year. - FY2023-Q1MitigatedAnnual report
「During the first quarter of the fiscal year, Japan's economy showed signs of recovery in business sentiment as restrictions on social activity were eased, although the impact of COVID-19 remained.」
Although the impact of COVID-19 remains, business sentiment showed signs of recovery as restrictions on social activity were eased, easing the impact on performance compared with the previous fiscal year. - FY2022MitigatedAnnual report
「Although some stability has recently emerged as social and economic activity has recovered, the outlook remains extremely uncertain and the business environment remains unpredictable.」
Although uncertainty in the business environment due to COVID-19 remains, the recovery in social and economic activity, construction demand and revenue from core products eased the impact on performance compared with the previous fiscal year. - FY2022-Q3MitigatedAnnual report
「Total construction investment in the construction industry, the main supplier of the company's products, was ¥38.9 trillion from April to December 2021, down 0.1% year on year and showing signs of stagnation, although demand was seen mainly in the private sector. Against this backdrop, revenue remained firm, driven mainly by the company's core products, wedge-lock scaffolding and next-generation scaffolding. In the logistics equipment division, revenue increased as demand for transportation equipment and large-scale warehouse-related products rose with the recovery in economic and corporate activity.」
Although uncertainty about the outlook due to COVID-19 and the risk of variant strains continued, construction demand, core products and demand for logistics equipment recovered, easing the impact on performance compared with the previous fiscal year. - FY2022-Q2MitigatedAnnual report
「According to the Ministry of Land, Infrastructure, Transport and Tourism's “Construction Comprehensive Statistics,” total construction investment in the construction industry, the main supplier of the company's products, was ¥20.1 trillion from April to August 2021, up 1.1% year on year, showing signs of recovery centered on private-sector demand.」
Although various restrictions due to COVID-19 continued, construction investment increased 1.1% year on year and revenue from core products recovered, easing the impact of COVID-19 on performance compared with the previous fiscal year. - FY2022-Q1MitigatedAnnual report
「According to the Ministry of Land, Infrastructure, Transport and Tourism's “Construction Comprehensive Statistics,” total construction investment in the construction industry, the main supplier of the company's products, was ¥7.9 trillion from April to May 2021, up 0.3% year on year, showing resilient activity centered on public works. Against this backdrop, revenue remained firm, driven mainly by the company's core products, wedge-lock scaffolding and next-generation scaffolding. In the logistics equipment division, demand for transportation equipment increased as economic and corporate activity began to recover.」
Although restrictions on social activity due to COVID-19 and caution over variant strains continued, construction investment remained resilient, revenue from core products recovered, and demand for logistics equipment increased, easing the impact on performance compared with the previous fiscal year. - FY2021WorsenedAnnual report
「As a result, revenue for the consolidated fiscal year was ¥13,885 million, down 18.7% year on year, operating profit was ¥1,853 million, down 16.2%, profit before tax was ¥1,784 million, down 16.6%, and profit for the fiscal year attributable to owners of the parent was ¥1,231 million, down 16.0%.」
The impact of the suspension and postponement of construction work and investment projects due to COVID-19 extended to full-year performance, resulting in year-on-year declines in revenue, operating profit and profit for the fiscal year. - FY2021-Q3RestatedAnnual report
「The construction industry, a customer for the Company’s manufactured products, was affected by work stoppages and postponements at construction sites and subdued new investment amid uncertainty about the outlook after the state of emergency was declared in April 2020. Following its lifting, however, firm construction demand was seen, particularly in public works.」
Although the suspension and postponement of construction work and restraint on new investment due to COVID-19 continued to be disclosed, resilient construction demand, particularly for public works, was seen after the state of emergency was lifted, with no significant change from the previous quarter's assessment. - FY2021-Q2MitigatedAnnual report
「The construction industry, a customer for the Company’s manufactured products, was affected by work stoppages and postponements at construction sites and subdued new investment amid uncertainty about the outlook after the declaration of a state of emergency. Following the lifting of the declaration, however, firm construction demand exceeding expectations was seen, particularly in public works.」
Although the suspension and postponement of construction work and restraint on new investment due to COVID-19 continued, construction demand, particularly for public works, exceeded expectations after the state of emergency was lifted, partially easing the impact on construction demand compared with the previous quarter's expectations. - FY2021-Q1WorsenedAnnual report
「The construction industry, a customer for the Company’s manufactured products, was affected by work stoppages and postponements at construction sites following the government’s declaration of a state of emergency, as well as subdued new investment amid uncertainty about the outlook.」
The suspension and postponement of construction work and restraint on new investment due to COVID-19 continued and expanded, and revenue in the first quarter decreased 36.1% year on year. - FY2020MaterialisedAnnual report
「Meanwhile, as COVID-19 spread globally from January 2020, a state of emergency was declared nationwide in Japan, resulting in the suspension or postponement of construction work and the postponement of new investment projects in the construction industry.」
The company identified for the first time the suspension or postponement of construction work and new investment projects due to COVID-19 as risks, and stated that a decline in revenue caused by reduced economic activity and lower customer investment in temporary construction materials actually occurred in the fourth quarter of the fiscal year.