Risk of Declining Orders and Adverse Impact on Business Performance Due to the Spread of COVID-19
First written in FY2020. 7 of 12 entries say "Mitigated", first in FY2022-Q1. Latest entry: FY2024-Q2.
56 other companies' latest entry also says "Mitigated".
- FY2024-Q2MitigatedAnnual report
「With COVID-19 reclassified under the legal framework as a Category 5 disease, restrictions on activities were eased and socioeconomic activity moved toward normalization. Personal consumption and capital investment recovered, and the economy underwent a gradual recovery.」
The reclassification of COVID-19 as a Category 5 disease and the easing of restrictions on activities advanced the normalization of socioeconomic activity, and the disclosure indicates that the pandemic’s impact on the economy and orders eased compared with previously. - FY2023MitigatedAnnual report
「During the current consolidated fiscal year, Japan’s economy showed signs of moving toward a normalization of economic activity as restrictions on activities related to COVID-19 were gradually eased.」
The disclosure describes the easing of restrictions on activities and progress toward the normalization of economic activity, indicating that the impact of the pandemic on economic activity and orders eased compared with the previous fiscal year. - FY2023-Q2MitigatedAnnual report
「During the second quarter of the current fiscal year, Japan's economy showed signs of recovery in personal consumption, capital investment and employment conditions as economic activity and restrictions on behaviour related to COVID-19 were eased.」
The disclosure states that, as restrictions on activities related to the pandemic were eased, personal consumption, capital investment and employment conditions showed signs of recovery. - FY2022MitigatedAnnual report
「Japan’s economy during the current consolidated fiscal year continued to show signs of recovery, although difficult conditions caused by COVID-19 remained.」
The disclosure describes a recovery in the economy and increases in consolidated revenue and profit, although difficult conditions caused by the pandemic remained. - FY2022-Q3MitigatedAnnual report
「In the cumulative third quarter of the fiscal year, consolidated results increased in both revenue and profit year on year, as the severe conditions caused by COVID-19 gradually eased and signs of a recovery emerged in the Japanese economy.」
The disclosure states that, as the severe conditions caused by the pandemic gradually eased, consolidated revenue and profit both increased year on year. - FY2022-Q2MitigatedAnnual report
「Revenue for the first six months of the current fiscal year was ¥98,382 million, up 24.2% year on year; ordinary profit was ¥2,767 million, up 73.4%; and net income attributable to owners of the parent was ¥1,704 million, up 73.9%.」
Although the impact of COVID-19 remained severe, consolidated revenue, ordinary profit and net income attributable to owners of the parent all increased year on year. - FY2022-Q1MitigatedAnnual report
「Consolidated results for the first quarter of the current fiscal year remained under difficult conditions due to the impact of COVID-19, but recovered from the previous year, resulting in year-on-year increases in both revenue and profit.」
Although the impact of COVID-19 was still described as severe, results recovered from the previous year, with consolidated revenue and profit both increasing year on year. - FY2021MaterialisedAnnual report
「In the transportation segment, handling volumes increased due to contract work at a new center in the Kanto area, the opening of a new sales office in the Tohoku area, and the year-round operation of distribution centers for daily necessities and interior products. However, deliveries of beverages overall and the movement of products between locations declined substantially due to the impact of COVID-19, resulting in lower revenue.」
The risk of lower orders and handling volumes resulting from the spread of the pandemic materialized in a substantial decline in beverage deliveries and inter-location transfers, as well as a 4.0% year-on-year decline in revenue from the transportation and warehousing business. - FY2021-Q3WorsenedAnnual report
「In making accounting estimates for the Group’s fiscal year ending March 2021, including future cash flows in impairment accounting for fixed assets and the recoverability of deferred tax assets, we had assumed that orders would decline because economic activity would be conducted under severe restrictions due to the state of emergency declared by the government in the first quarter and requests by local governments to refrain from going out, followed by a recovery from the second half of the fiscal year ending March 2021. However, following a further review in light of current conditions, we changed the assumption to one under which the impact of the pandemic would continue until around the end of the current consolidated fiscal year, and made the accounting estimates accordingly.」
With respect to the impact of the pandemic, the assumption of a recovery from the second half of the fiscal year ending March 2021 was changed, and accounting estimates were made on the assumption that the impact would continue until around the end of the current consolidated fiscal year. - FY2021-Q2MaterialisedAnnual report
「Although it is difficult to accurately predict how the COVID-19 pandemic will spread or when it will subside, economic activity in the Group’s fiscal year ending March 2021 was conducted under severe restrictions due to the state of emergency declared by the government in the first quarter and requests by local governments to refrain from going out. We therefore assumed that orders would decline and recover from the second half of the fiscal year ending March 2021, and made accounting estimates concerning future cash flows in impairment accounting for fixed assets and the recoverability of deferred tax assets, among other matters.」
The decline in orders resulting from COVID-19 actually occurred, and accounting estimates were made on the assumption of a recovery from the second half of the fiscal year ending March 2021. - FY2021-Q1MaterialisedAnnual report
「Visitor numbers at housing exhibition centers remained at 90% below the previous year from April to May, creating a challenging environment, and the number of orders received by スウェーデンハウス㈱ declined year on year.」
The risk of lower orders resulting from the spread of COVID-19 materialized in the form of a 90% year-on-year decline in housing exhibition center visitors and a year-on-year decline in the number of orders received. - FY2020First statedAnnual report
「The decline in orders resulting from the spread of COVID-19 may affect the Group’s business performance and other matters.」
The decline in orders resulting from the spread of COVID-19 was identified separately from natural disasters and other matters as a new business risk. Additional information states that orders declined in the fiscal year ending March 2021 and that accounting estimates were made on the assumption of a recovery from the second half of that fiscal year.