Business Impact of the Spread of COVID-19
First written in FY2020. 9 of 14 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2024.
Japan Insulation moved to the "Worse" side of this theme in 2021, 1 year after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 103 of 145 companies on the "Worse" side.
35 other companies' latest entry also says "Dropped".
- FY2024DroppedAnnual report
「We will appropriately assess the impact of infectious diseases on our business and on the safety and health of all stakeholders, including our officers and employees, and respond accordingly.」
There is no disclosure specifically identifying COVID-19 as affecting the business; instead, it has been replaced by a general infectious-disease crisis management policy. - FY2023MitigatedAnnual report
「During the consolidated fiscal year, Japan's economy showed signs of recovery as activity restrictions were eased while the COVID-19 pandemic moved toward containment.」
The disclosure described the pandemic as moving toward containment and activity restrictions as being eased, positioning the previous impact on the business as having moderated. - FY2023-Q3MitigatedAnnual report
「While the economy is gradually recovering, partly due to measures to control infectious diseases and the easing of movement restrictions, risks remain that a downturn in overseas economies could weigh on Japan's economy. In addition, conditions requiring attention to the impact of surging raw material and fuel prices, supply-side constraints, and fluctuations in financial and capital markets continue.」
An economic recovery was reported against the backdrop of measures to control infectious diseases and the easing of movement restrictions. However, some areas still require more time for demand to recover. - FY2023-Q2MaterialisedAnnual report
「Revenue increased year on year as demand for fireproofing materials continued to recover.」
Although demand has been recovering from the pandemic, sales demand has not been considered fully normalized, and a partial recovery was reported while the existing impact continued. - FY2023-Q1MaterialisedAnnual report
「Demand in the sales division remained below pre-pandemic levels.」
Although sales demand is recovering, it has not returned to pre-pandemic levels, and the impact of the infectious disease on the business continues. - FY2022MaterialisedAnnual report
「Although sales of both fireproofing materials and thermal insulation materials had not recovered to pre-pandemic levels, revenue was flat year on year.」
The full-year results stated that sales of fireproofing materials and thermal insulation materials had not recovered to pre-pandemic levels due to the impact of COVID-19. - FY2022-Q3MaterialisedAnnual report
「Within our group, sales of interior finishing materials in the sales division gradually recovered, but demand for fireproofing materials and thermal insulation materials remained sluggish due to the impact of COVID-19.」
While demand for fireproofing materials and thermal insulation materials remained sluggish due to the impact of COVID-19, sales of interior finishing materials gradually recovered. - FY2022-Q2MaterialisedAnnual report
「Demand in the sales division remained sluggish due to the impact of COVID-19.」
Weak demand in the sales division due to COVID-19 continued into the second quarter, and intermittent production stoppages associated with movement restrictions also occurred in Vietnam. - FY2022-Q1MaterialisedAnnual report
「Demand in the sales division remained sluggish due to the impact of COVID-19.」
Weak demand in the sales division due to COVID-19 continued into the first quarter, and the impact on the business was confirmed in the results. - FY2021MaterialisedAnnual report
「Sales declined because sales of our core products, including calcium silicate boards for fireproofing, interior finishing materials and molded products, remained sluggish due to the impact of COVID-19 and other factors.」
The annual results confirmed sluggish product sales and lower revenue due to the impact of COVID-19, with the impact continuing. - FY2021-Q3MaterialisedAnnual report
「Demand for some of the products sold by our group in Japan and overseas continued to decline, while construction activity remained solid.」
Demand for some products sold in Japan and overseas continued to decline due to the impact of the spread of COVID-19. In the construction-related business, construction periods were extended and plans were revised. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter of the fiscal year, Japan's economy remained in a severe situation due to the impact of COVID-19. Although signs of a recovery have recently emerged, the situation remains difficult to predict.」
The severe economic conditions and uncertain outlook resulting from COVID-19 continue. - FY2021-Q1MaterialisedAnnual report
「At this point, our business has not been significantly affected, as interruptions to construction projects at customers and other parties have been limited. However, demand has declined at some customers served by part of our sales division, and we remain unable to rule out the possibility of a further spread of COVID-19. We therefore believe that the extent of the impact remains difficult to predict.」
While the impact of construction interruptions has been limited, demand has declined at some customers, and uncertainty over the impact of a renewed spread of infections continues. - FY2020First statedAnnual report
「In the construction divisions of the building and plant businesses, interruptions or cancellations of construction due to the spread of COVID-19, or future revisions to companies' capital investment plans, could affect the business and operating results of our group.」
States that although the spread of COVID-19 occurred, no significant impact on the company's business was observed during the consolidated fiscal year.