Impact of COVID-19 on Construction Demand, Production and Supply, and Receivables Collection
First written in FY2020. 3 of 6 entries say "Materialised", first in FY2021. Latest entry: FY2022-Q2.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2022-Q2MaterialisedAnnual report
「New construction plans have declined as a result of the infection, and uncertainty about the outlook continues.…Net sales for the cumulative second quarter of the current consolidated fiscal year were ¥10.043 billion, down 10.4% year on year.」
The decline in new construction plans caused by COVID-19 continued, and cumulative second-quarter net sales also declined 10.4% year on year. - FY2022-Q1MaterialisedAnnual report
「New construction plans have declined as a result of the infection, and uncertainty about the outlook continues. Net sales for the cumulative first quarter of the current consolidated fiscal year were ¥4.747 billion, down 12.0% year on year.」
The decline in new construction plans caused by the infection continued, and net sales also declined 12.0% year on year. The effects of the infection have become apparent in construction demand and operating results. - FY2021MaterialisedAnnual report
「According to the Ministry of Land, Infrastructure, Transport and Tourism's Survey Report on Building Starts Statistics, total floor area of building starts declined 10.8% year on year in fiscal 2020, reflecting the effects of COVID-19, including the cancellation of construction plans and a decline in new construction plans. These effects also gradually became apparent at our group after the second half of the fiscal year began.」
The effects of the infection became apparent in practice through declines in floor area of building starts, cancellations and declines in construction plans, and lower sales of domestic and overseas products. - FY2021-Q3WorsenedAnnual report
「During the first nine months of the consolidated fiscal year under review, corporate earnings deteriorated significantly as COVID-19 spread worldwide, and conditions remained extremely difficult. In the building materials industry, uncertainty continued to increase as construction plans were cancelled or postponed as a result of the pandemic, and challenging conditions continued without room for complacency.」
The company describes a significant deterioration in corporate earnings caused by COVID-19 and increasing uncertainty in the industry due to the cancellation and postponement of construction plans. - FY2021-Q2WorsenedAnnual report
「During the first half of the consolidated fiscal year under review, all economic activity was restricted by the global spread of COVID-19, causing the economy to contract sharply, and conditions remained extremely difficult. In the building materials industry, uncertainty about the outlook continued amid concerns that the domestic economic downturn would restrain construction investment.」
The recession caused by COVID-19 has continued, raising concerns that the domestic recession will restrain construction investment. - FY2020First statedAnnual report
「Our group operates in the building materials industry, and the following developments related to COVID-19 could affect our group's operating results and financial condition. ・If economic activity stagnates as COVID-19 spreads, revenue may decline because of sluggish construction demand. ・If employees at production sites become infected and the infection spreads within those sites, production and shipments may be disrupted. ・If the supply chain is disrupted by the effects of the infection, operating results may be affected by delays or suspension of product supplies to customers. ・If the financial condition of our group's customers deteriorates as a result of the infection and they become unable to continue operations, our group may have difficulty collecting its trade receivables.」
For COVID-19, the company has, for the first time, specifically listed multiple channels of impact covering construction demand, production and shipments, the supply chain, and collection of receivables from customers. It states that there was no impact on fiscal 2020 operating results.