Impact of COVID-19 on Sales, Demand and Industrial Activity
First written in FY2020. 9 of 15 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2024.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024MitigatedAnnual report
「Following the classification of COVID-19 as a Category 5 infectious disease on 8 May 2023, the Group changed its policy to implement infection-control measures in line with conditions.」
The response to infectious disease risk changed from the previous approach centered on suspending sales activities during the spread of infections to a policy of implementing infection-control measures in line with conditions after the reclassification as a Category 5 infectious disease. - FY2024-Q3MitigatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, Japan's economy recovered gradually, supported in part by a recovery in inbound demand following the classification of COVID-19 as a Category 5 infectious disease.」
The explanation states that the economy has been recovering gradually since COVID-19 was reclassified as a Category 5 infectious disease, indicating that the external environment has changed from the sales constraints caused by the spread of infections. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, Japan's economy recovered gradually, supported in part by a recovery in inbound demand following the classification of COVID-19 as a Category 5 infectious disease.」
The company reaffirmed its explanation that the economy has been recovering gradually since COVID-19 was reclassified as a Category 5 infectious disease. - FY2024-Q1MitigatedAnnual report
「However, conditions remained uncertain, including soaring resource and energy prices and rising raw material prices resulting from the yen's depreciation.」
The disclosure states that COVID-19 was classified as a Category 5 infectious disease and that the economy recovered gradually, indicating that the main external factors had shifted from sales constraints caused by the spread of infections to soaring resource and energy prices and rising raw material prices. - FY2023-Q3MaterialisedAnnual report
「Regarding sales during the cumulative third quarter of the current consolidated fiscal year, the HS Business Division in particular experienced temporary constraints on face-to-face sales activities as the seventh wave of COVID-19 infections spread after July 2022 and recorded the highest number of infections to date.」
The seventh wave of COVID-19 infections occurred in practice, temporarily restricting face-to-face sales during house visits in the HS Business Division. - FY2023-Q2MaterialisedAnnual report
「Regarding sales during the cumulative second quarter of the current consolidated fiscal year, the HS Business Division in particular experienced temporary constraints on face-to-face sales activities as the seventh wave of COVID-19 infections began in July 2022 and recorded the highest number of infections to date.」
The seventh wave of COVID-19 infections occurred in practice, resulting in temporary constraints on face-to-face sales activities in the HS Business Division. - FY2023-Q1RestatedAnnual report
「Amid these social conditions, the Group continued its business while maintaining thorough measures to prevent COVID-19 infections and seeking to strengthen and expand each business platform.」
The company reaffirmed its policy of continuing business while maintaining thorough measures to prevent COVID-19 infections. It stated that there had been no significant changes in business and other risks. - FY2022-Q3MaterialisedAnnual report
「In the HS Business Division, the company refrained from new door-to-door sales activities in areas covered by the state of emergency and priority preventive measures issued in response to the spread of COVID-19, while conducting normal sales activities in other areas after implementing thorough infection-control measures.」
The impact of COVID-19 continued to appear in actual sales activities as the suspension of new door-to-door sales activities in the affected areas. Meanwhile, normal sales activities were conducted in other areas subject to infection-control measures. - FY2022-Q2MaterialisedAnnual report
「In the HS Business Division, the company refrained from new door-to-door sales activities in areas covered by the state of emergency and priority preventive measures issued in response to the spread of COVID-19, while conducting normal sales activities in other areas after implementing thorough infection-control measures.」
The impact of COVID-19 continued as the suspension of new door-to-door sales activities in areas covered by the state of emergency and priority preventive measures. Meanwhile, normal sales activities were conducted in other areas under infection-control measures. - FY2022-Q1MaterialisedAnnual report
「In the HS Business Division, the company refrained from new door-to-door sales activities in areas covered by the state of emergency and priority preventive measures issued in response to the spread of COVID-19, while conducting normal sales activities in other areas after implementing thorough infection-control measures.」
The impact of COVID-19 continued as the suspension of new door-to-door sales activities in areas covered by the state of emergency and priority preventive measures. Meanwhile, normal sales activities were conducted in other areas under infection-control measures. - FY2021MaterialisedAnnual report
「In terms of sales, the SE Business Division began selling solar power generation systems for self-consumption this fiscal year following revisions to the FIT scheme, but revenue declined because this could not offset the decrease in construction of solar power generation systems with land, which had performed well in the previous fiscal year. Sales activities primarily targeting corporate customers in each business division were also affected by the broader stagnation of customer companies' business activities due to the spread of COVID-19. Although sales activities targeting individuals were affected by the voluntary suspension of activities, the company resumed normal operations after the state of emergency was lifted, implementing thorough infection-control measures, and limited the impact by responding to demand for home maintenance during the pandemic.」
The impact of COVID-19 appeared throughout the fiscal year as stagnation in the activities of customer companies in sales targeting corporate customers and the suspension of sales activities targeting individuals. The impact was mitigated by resuming normal operations under infection-control measures and responding to demand for home maintenance. - FY2021-Q3MaterialisedAnnual report
「The spread of COVID-19 also affected sales activities primarily targeting corporate customers in each business division, due to the broader stagnation of the business activities of customer companies.」
The impact of stagnating corporate activity due to COVID-19 emerged in sales activities targeting corporate customers across the business divisions. It also led to delays in SE's sales of self-consumption systems and to suspended sales activities and difficulty making contact in the HS and ES divisions. - FY2021-Q2MaterialisedAnnual report
「Although construction of solar power generation systems with land included, which had continued from the previous fiscal year, remained strong, sales efforts for new projects in the SE business division were delayed partly due to the spread of COVID-19, resulting in lower solar power generation system revenue. As a result, net sales were ¥5,399 million, down 3.7% year on year.」
The impact of the spread of COVID-19 emerged as delays in sales activities for new projects in the SE Business Division and a 3.7% year-on-year decline in revenue. In the HS Business Division, the company also reported suspending new sales activities during the state of emergency. - FY2021-Q1MaterialisedAnnual report
「In the HS Business Division, following the declaration of a state of emergency due to the spread of COVID-19, the company refrained from new sales activities in the affected areas and responded to customer inquiries. As a result, termite control and prevention services decreased 7.0% year on year, while foundation repairs and building reinforcement work decreased 14.5%. Consequently, sales amounted to ¥2,854 million, down 3.2% year on year.」
The COVID-19 risk newly disclosed in the previous fiscal year materialized as the suspension of new sales activities in areas covered by the state of emergency and declines in the HS Business Division's main products and revenue. - FY2020First statedAnnual report
「However, if the effects of the prolonged spread of infections, including constraints on sales activities, weakening corporate appetite for capital investment, and declining domestic industrial activity, continue, they may affect the performance and financial condition of the Group.」
The company disclosed the impact of COVID-19 on performance and financial condition through constraints on sales activities, weakening appetite for capital investment, and declining domestic industrial activity as a new risk.