Project Start Delays Caused by COVID-19 and Business Impact
First written in FY2020-Q3. 5 of 13 entries say "Worsened", first in FY2020. Latest entry: FY2023.
T&S Group 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 2020: 23 of 48 companies on the "Worse" side.
11 other companies' latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「Although COVID-19 was downgraded to a Class 5 infectious disease, if infections spread rapidly again, causing delays in project start dates and lost opportunities to win new projects, our business performance may be affected.」
Following the downgrading of COVID-19 to a Class 5 infectious disease, the disclosure identifies delays in project starts and lost opportunities to win new projects in the event of a renewed spread as conditional risks, rather than describing current impacts. This represents a reduction from the previous disclosures of continuing impacts. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter period, the Japanese economy showed a gradual recovery under various “with-COVID” policies, although weakness was seen in some areas, including a decline in the production of electronic components and devices.」
The disclosure states that the economy was recovering under “with-COVID” policies, while some weakness remained, including a decline in the production of electronic components and devices. There was no material change from the previous quarter. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter period, the Japanese economy showed a gradual recovery under various “with-COVID” policies, although weakness was seen in some areas, including a decline in the production of electronic components and devices.」
The disclosure states that the economy was recovering under “with-COVID” policies, while some weakness remained, including a decline in the production of electronic components and devices. There was no material change from the previous quarter. - FY2023-Q1MitigatedAnnual report
「During the cumulative first quarter period, the Japanese economy showed a gradual recovery under various “with-COVID” policies, although weakness was seen in some areas, including a decline in the production of electronic components and devices.」
The disclosure states that the economy was recovering under “with-COVID” policies, indicating that the impact had eased from the previous disclosures centered on restrictions on socioeconomic activity due to the spread of infections. At the same time, some weakness remains, including a decline in the production of electronic components and devices. - FY2022RestatedAnnual report
「As of the filing date, we had not experienced any termination of staffing contracts or cancellation of contracted projects as a direct result of COVID-19. However, delays in project start dates and lost opportunities to win new projects have resulted from restrictions on in-person sales activities and other factors. If the spread of infections or other developments affects people’s lives and the economic environment, our business performance may be affected.」
The disclosure states that no contract terminations or project cancellations occurred, while delays in project start dates and lost opportunities to win new projects continued. - FY2022-Q3WorsenedAnnual report
「During the cumulative third quarter period, the Japanese economy remained in an uncertain situation, with a rapid spread of COVID-19, semiconductor supply shortages and rising resource prices.」
In addition to the previous disclosure regarding uncertainty over when the outbreak would subside, the company describes a “rapid spread” of COVID-19, indicating that external-environment risks have intensified. No direct business impact is described. The risk has, however, materialized in the form of an actual spread of infections. - FY2022-Q2MitigatedAnnual report
「During the cumulative second quarter period, the Japanese economy showed signs of recovery following the nationwide lifting of priority preventive measures. However, the timing of the end of COVID-19 remained unforeseeable, and uncertainty about the outlook continued, including supply shortages of semiconductors and rising resource prices.」
The disclosure describes an economic recovery following the nationwide lifting of priority preventive measures, indicating that the impact had eased from the previous restrictions on socioeconomic activity. At the same time, it states that the timing of the end of COVID-19 remains uncertain. - FY2022-Q1WorsenedAnnual report
「During the cumulative first quarter period, the Japanese economy remained in a difficult situation as the nationwide spread of COVID-19 led to an expansion in the areas subject to priority preventive measures. Although the effects of various policies and the full-scale start of vaccinations raised expectations for the normalization of socioeconomic activity, the timing of the end of COVID-19 remained unforeseeable due in part to the emergence of new variants, and uncertainty about the outlook continued.」
The disclosure states that difficult economic conditions and uncertainty over when the outbreak would subside continued as the areas subject to priority preventive measures expanded, and that the emergence of new variants added another risk factor. It does not describe any direct impact on the company’s business. - FY2021-Q3WorsenedAnnual report
「During the cumulative third quarter period, the Japanese economy remained in a difficult situation as the nationwide spread of COVID-19 led to an expansion in the areas subject to states of emergency and priority preventive measures. Although the effects of various policies, improvement in overseas economies and the full-scale start of vaccinations raised expectations for the normalization of socioeconomic activity, the timing of the end of COVID-19 remained unforeseeable, and uncertainty about the outlook continued.」
The disclosure states that the areas subject to states of emergency and other measures expanded as the infection spread nationwide, and that difficult economic conditions and uncertainty over when the outbreak would subside continued. It does not describe any direct business impact on the company. - FY2021-Q2WorsenedAnnual report
「The issuance of states of emergency and priority preventive measures restricted socioeconomic activity again, interrupting the move toward economic normalization. In corporate activities, the use of remote work and online meetings has become established and expanded. In addition, with the rapid progress of digital transformation (DX), the importance of IT and the shift toward IT-enabled operations continue to grow. Although the economy continues to show signs of recovery, supported by the effects of various policies and improvement in overseas economies, weakness is increasing in some areas, and continued attention is required regarding the risk of an economic downturn and the impact on the employment environment.」
The disclosure describes renewed restrictions on socioeconomic activity resulting from states of emergency and other measures, as well as increasing weakness in some areas of the economy, indicating that external-environment risks have become more concrete than in the previous quarter. At the same time, it does not state that the company has experienced a direct business impact. - FY2021-Q1MitigatedAnnual report
「During the cumulative first quarter period, we did not experience any direct impact of COVID-19 on our business. However, the risk of an economic downturn resulting from renewed outbreaks in Japan and overseas, as well as the impact on the employment environment, remains a matter requiring continued attention.」
The disclosure states that there was no direct impact on the business during the quarter, indicating that the impact had eased from the previously disclosed delays in project starts and actual lost opportunities. At the same time, an economic downturn resulting from renewed outbreaks and the impact on the employment environment continue to be identified as risks. - FY2020WorsenedAnnual report
「However, delays in project start dates and lost opportunities to win new projects have resulted from restrictions on in-person sales activities and other factors, and the impact of COVID-19 on the economy and our business performance remains a matter requiring close attention.」
In addition to the previously disclosed delays in project start dates, the disclosure states that lost opportunities to win new projects have also occurred, indicating that the impact has broadened. - FY2020-Q3MaterialisedAnnual report
「During the cumulative third quarter period, we did not experience any termination of staffing contracts or cancellation of contracted projects as a direct result of COVID-19. However, project start dates have been delayed due to restrictions on in-person sales activities and other factors, and the impact of COVID-19 remains an issue requiring continued attention.」
The disclosure states that no contract terminations or project cancellations occurred, while delays in project start dates due to restrictions on in-person sales activities did occur.