COVID-19-Related Disruption to the Housing Materials Supply Chain
First written in FY2020. 4 of 12 entries say "Restated". Latest entry: FY2025.
0 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Although we procure directly from domestic companies, some of the parts used by those companies in completing their products may be imported from China and other overseas markets.」
The risks of interruptions or delays in the supply of construction materials due to imported components and pandemics, and the continued responses through substitute products and diversified procurement channels, remain relevant. - FY2024-Q1MitigatedAnnual report
「In terms of profit, the gradual easing of the recent upward trend in timber prices led to an improvement in the gross profit margin as higher procurement costs overall were appropriately passed through to prices.」
The upward trend in timber prices has gradually eased, and price pass-through has been implemented, resulting in an improvement in the gross profit margin of the custom-home business. However, the effects of construction-period adjustments continue. - FY2023RestatedAnnual report
「Although we procure directly from domestic companies, some of the parts used by those companies in completing their products may be imported from China and other overseas markets.」
The risks of interruptions or delays in the supply of construction materials due to imported components and pandemics, and the continued responses through substitute products and diversified procurement channels, remain relevant. - FY2023-Q3MitigatedAnnual report
「By taking measures on a case-by-case basis in response to shortages of construction materials, delivery delays, and price increases caused by the wood shock, we were able to limit the increase in the cost ratio to a slight rise year on year, contributing to a reduction in the operating loss.」
The company explains that, by taking measures on a case-by-case basis in response to shortages of construction materials, delivery delays, and price increases, it limited the rise in the cost ratio in the custom-home business and reduced the operating loss. - FY2023-Q2RestatedAnnual report
「In the construction industry, housing construction remained challenging due to the effects of the so-called “wood shock,” caused by increased overseas demand for housing timber, as well as soaring resource prices and supply shortages against the backdrop of Russia’s invasion of Ukraine.」
Soaring resource prices and supply shortages against the backdrop of the wood shock and the situation in Ukraine continue to make conditions for housing construction challenging. - FY2023-Q1WorsenedAnnual report
「In the construction industry, housing construction remained challenging due to the effects of the so-called “wood shock,” caused by increased overseas demand for housing timber, as well as soaring resource prices and supply shortages against the backdrop of Russia’s invasion of Ukraine.」
In addition to the supply-chain disruption and delivery delays caused by COVID-19, soaring resource prices and supply shortages related to the situation in Ukraine have emerged, expanding the risk factors affecting housing supply. - FY2022MaterialisedAnnual report
「The operating environment for housing supply remains challenging, as soaring timber prices and shortages known as the “wood shock,” driven by tight timber supply and demand, and supply-chain disruption and breakdown caused by the spread of COVID-19 have led to apparent delivery delays for housing equipment and other products.」
Soaring timber prices, supply shortages, and supply-chain disruption and breakdown have resulted in actual delivery delays for housing equipment and other products. - FY2022-Q2WorsenedAnnual report
「During the six-month period ended in the second quarter, while stagnation caused by the resurgence of COVID-19 continued, expectations for an economic recovery strengthened against a backdrop of progress in vaccinations, the effects of various policies, and improvement in overseas economies. At the same time, it remained necessary to closely monitor the increasing risks to production activity from developments in COVID-19 in Japan and overseas and disruptions to supply chains, among other factors, and the outlook remained uncertain.」
The increased risks to production activity from COVID-19 and supply-chain disruption are explicitly stated, and uncertainty about the outlook continues. - FY2022-Q1RestatedAnnual report
「The global spread of COVID-19 has had various effects, including factory shutdowns and production adjustments caused by supply-chain disruption, as well as delivery delays, and we expect the uncertain situation to continue.」
Risks including COVID-19-related supply-chain disruption, factory shutdowns and production adjustments, and delivery delays continue. - FY2021MitigatedAnnual report
「Regarding the procurement of construction materials, we will diversify procurement channels as necessary, including the use of substitute products, to ensure stable supplies.」
Although the risk of COVID-19-related supply-chain disruption continues, the company identifies the use of substitute products, diversification of procurement channels, and securing liquidity through long-term financing as countermeasures. - FY2021-Q1WorsenedAnnual report
「The global spread of COVID-19 has had various effects, including factory shutdowns and production adjustments caused by supply-chain disruption, as well as delivery delays, and we expect the uncertain situation to continue.」
The effects of COVID-19-related supply-chain disruption have been specified, including factory shutdowns, production adjustments, and delivery delays, while uncertainty about the outlook continues. - FY2020First statedAnnual report
「In the housing industry in which we operate, the spread of COVID-19 disrupted the supply chain from China, at one point making it impossible to obtain housing materials such as toilets and system kitchens. We were able to overcome the situation by using substitute products and with the cooperation of our business partners.」
The company explains that the supply of housing materials from China was actually halted due to COVID-19. Although it responded with substitute products and the cooperation of business partners, some sales were carried forward to the following fiscal year because of delays in securing materials.