Business and earnings impacts of COVID-19
First written in FY2020. 7 of 17 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2020: 102 of 175 companies on the "Worse" side.
- FY2026RestatedAnnual report
「Although the impact of the risk of infectious disease outbreaks, including COVID-19, on the economic outlook and the future of the Group remains uncertain, prolonged contraction in Japan's construction industry and restrained capital investment by business partners due to the spread of infectious diseases could affect the Group's financial position and operating results.」
The risk of infectious disease outbreaks, including COVID-19, and the potential impact on construction demand and capital investment continue to be described. - FY2024MitigatedAnnual report
「During the current consolidated fiscal year, Japan's economy has been gradually recovering, supported by solid capital investment underpinned by the transition of COVID-19 to a Category V infectious disease and high levels of corporate earnings.」
A recovery in the domestic economy was described against the backdrop of the transition of COVID-19 to a Category V disease and the resumption of economic activity. Meanwhile, the risk of the spread of infectious diseases itself remains a risk item. - FY2024-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period, Japan's economy recovered gradually, supported by firm domestic demand accompanying the transition of COVID-19 to a Category V disease and the resumption of economic activity, but」
The recovery in domestic demand accompanying the transition of COVID-19 to a Category V disease and the resumption of economic activity continues to be described. - FY2024-Q1MitigatedAnnual report
「During the first quarter of the current consolidated cumulative period, Japan's economy has been gradually recovering, mainly on domestic demand, due to the easing of activity restrictions related to COVID-19 and the transition of COVID-19 to a Category V disease, but uncertainty about the outlook remains amid concerns over a slowdown in the global economy resulting from the prolonged Russia-Ukraine situation and global monetary tightening.」
The easing of activity restrictions related to COVID-19 and the transition to Category V are described as supporting a gradual recovery in the economy, centered on domestic demand. Meanwhile, uncertainty in the global economy remains. - FY2023MitigatedAnnual report
「Regarding the impact of COVID-19, taxable income for future fiscal years is estimated based on the assumption that the impact will be limited, as efforts are made to balance infection prevention with social and economic activity.」
The assumption regarding the impact of COVID-19 in assessing the recoverability of deferred tax assets has shifted to the view that the impact will be limited. - FY2023-Q3MitigatedAnnual report
「In the building materials and paving materials businesses, private-sector construction demand, which had contracted during the pandemic, remained on a steady trend as restrictions on economic activity were eased, while productivity improvements, including in sales, also contributed, resulting in revenue and profit both exceeding the same quarter of the previous year.」
As restrictions on economic activity were eased, the recovery in private-sector construction demand, which had contracted during the pandemic, continued and emerged as higher revenue and earnings in the building materials and paving materials businesses. - FY2023-Q2MitigatedAnnual report
「In the building materials and paving materials businesses, private-sector construction demand, which had contracted during the pandemic, remained on a steady trend as restrictions on economic activity were eased, resulting in revenue and profit both exceeding the same quarter of the previous year.」
Private-sector construction demand, which had contracted during the pandemic, recovered as restrictions on economic activity were eased, resulting in higher revenue and earnings in the building materials and paving materials businesses. - FY2023-Q1MitigatedAnnual report
「In the building materials and paving materials businesses, private-sector construction demand, which had contracted during the pandemic, recovered as restrictions on economic activity were eased, resulting in revenue and profit both exceeding the same quarter of the previous year.」
Private-sector construction demand, which had contracted because of COVID-19, recovered as restrictions on economic activity were eased, resulting in improved performance in the building materials and paving materials businesses. - FY2022MaterialisedAnnual report
「In addition, although the outlook for the economy and the future impact on the Group remain uncertain because COVID-19 is ongoing, prolonged government policies on public works, contraction in the construction industry and restrained capital investment by business partners could affect the Group's results.」
The effects of construction delays caused by the continuing pandemic, labor shortages and the impact on the capital investment environment persisted and emerged as lower revenue and earnings in the building materials and paving materials businesses. - FY2022-Q3MaterialisedAnnual report
「In the construction materials and paving materials business, sales and profit fell below the same quarter of the previous year, partly because the continued spread of COVID-19 and a labor shortage delayed some construction work.」
Partial construction delays caused by the continuing spread of COVID-19 continued to emerge as factors behind lower revenue and earnings in the building materials and paving materials businesses. - FY2022-Q2MaterialisedAnnual report
「In the building materials and paving materials businesses, revenue and profit both fell below the same quarter of the previous year, due in part to construction delays caused by the spread of COVID-19 and adverse weather conditions.」
Construction delays caused by COVID-19 continued to emerge as factors behind lower revenue and earnings in the building materials and paving materials businesses. - FY2022-Q1MaterialisedAnnual report
「In the Building Materials and Paving Materials Business, sales and profit were both below those of the same quarter of the previous year because of the impact of construction delays in some projects caused by the spread of COVID-19 and adverse weather conditions.」
Delays to some construction projects caused by COVID-19 emerged as factors behind lower revenue and earnings in the building materials and paving materials businesses. - FY2021WorsenedAnnual report
「The future direction of the economy and the future impact of COVID-19 on the Group remain uncertain, including the possible reissuance of a state of emergency as infections from variants spread. However, if the government’s public works policies, the contraction of the construction industry, and customers’ restraint on capital investment persist, the Group’s performance may be affected.」
The risk of infection remains, with the potential emergence of variants and the possibility of another declaration of a state of emergency, while the prolonged and uncertain nature of the impact is being emphasized. - FY2021-Q3MaterialisedAnnual report
「In the building materials and paving materials business, both revenue and profit fell below those of the same quarter of the previous year due to delays and cancellations of some construction projects caused by the spread of COVID-19 and adverse weather conditions.」
Delays and cancellations of some construction projects caused by the spread of COVID-19 actually emerged as factors behind declines in revenue and profit in the building materials and paving materials business. - FY2021-Q2MaterialisedAnnual report
「In the building materials and paving materials business, revenue fell below that of the same quarter of the previous year due in part to delays in some construction projects caused by the spread of COVID-19, while segment profit and loss improved slightly from the same quarter of the previous year.」
Delays in some construction projects caused by COVID-19 actually emerged as a factor behind the decline in revenue in the building materials and paving materials business during the quarter. quantified is false, materialized is true. - FY2021-Q1MaterialisedAnnual report
「In the building materials and paving materials business, revenue fell below that of the same quarter of the previous year due in part to delays in some construction projects caused by COVID-19, while segment profit and loss improved from the same quarter of the previous year.」
Delays in some construction projects caused by COVID-19 actually emerged as a factor behind the decline in revenue in the building materials and paving materials business. In accounting terms, the Company assumed that social disruption would largely subside by the middle of the fiscal year ending March 2021. - FY2020First statedAnnual report
「The future impact on the Group of the spread of COVID-19, for which WHO issued an emergency declaration in January 2020, is uncertain. However, if the government’s public works policies, the contraction of the construction industry, and customers’ restraint on capital investment persist, the Group’s performance may be affected.」
The spread of COVID-19 was disclosed for the first time as a standalone risk. The disclosure indicates the potential impact on public works, the construction industry and customers’ capital investment, as well as the potential impact on performance.