Impact of COVID-19 on the Economy and Housing Market
First written in FY2020-Q3. 10 of 17 entries say "Restated". Latest entry: FY2024.
Shinto moved to the "Worse" side of this theme in 2020, 1 year before the typical company in this theme (2021).
6 other companies' latest entry also says "Dropped".
- FY2024DroppedAnnual report
「During the fiscal year, the Japanese economy remained uncertain, as resource prices surged amid an unstable global situation, including depressed consumer sentiment due to inflation, the rapid and prolonged depreciation of the yen, and the protracted situation in Ukraine.」
In its discussion of the economy, housing market and key risks for the fiscal year, the company no longer explicitly cites the direct impact of COVID-19 on the economy and housing market, shifting its focus to inflation, yen depreciation, surging resource prices and international conditions. - FY2024-Q3RestatedAnnual report
「During the nine months ended September, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the prior fiscal year.」
The company states that there have been no significant changes in existing business and other risks, including COVID-19. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter period, Japan's economy showed signs of moving toward normalization as COVID-19 was reclassified to Category 5. However, the economic outlook remained uncertain due to weak consumer sentiment caused by rising prices, the rapid depreciation of the yen, and soaring resource prices resulting from the unstable global situation, including the prolonged Russia-Ukraine situation.」
While COVID-19 has been reclassified as a Class 5 infectious disease and progress is being made toward normalizing economic activity, uncertainty due to inflation, surging resource prices and other factors persists. - FY2024-Q1SoftenedAnnual report
「During the cumulative first quarter period, Japan's economy showed signs of moving toward normalization as COVID-19 was reclassified to Category 5. However, the economic outlook remained uncertain due to weak consumer sentiment caused by rising prices, the rapid depreciation of the yen, and soaring resource prices against the backdrop of the prolonged Russia-Ukraine situation.」
The company describes the transition of COVID-19 to a Class 5 infectious disease and progress toward normalizing economic activity, with less emphasis than before on the spread of infection and restrictions on activity. However, uncertainty remains due to inflation, surging resource prices and other factors. - FY2023RestatedAnnual report
「In the housing market, according to the Construction Starts Statistical Survey Report published by the Ministry of Land, Infrastructure, Transport and Tourism, total new housing starts, including condominiums, declined from the previous fiscal year. Although policies such as preferential mortgage interest rates have reduced the burden associated with acquiring a home, owner-occupied housing starts, an indicator for detached housing, also declined by more than 10% from the previous fiscal year due to the prolonged COVID-19 pandemic and higher housing prices resulting from the weaker yen and surging resource prices. Conditions therefore remain difficult.」
The prolonged COVID-19 pandemic, together with rising housing prices and other factors, continued to weigh on the housing market and affected sales through a decline in owner-occupied housing starts. - FY2023-Q3RestatedAnnual report
「Regarding the impact of COVID-19 on our business, we will continue to closely monitor developments.」
States that the company will continue to closely monitor the impact of COVID-19 on its business. - FY2023-Q2RestatedAnnual report
「Regarding the impact of COVID-19 on our business, we will continue to closely monitor developments.」
The company states that it will continue to monitor the business impact of COVID-19. It also states that there have been no significant changes in business and other risks. - FY2022WorsenedAnnual report
「During the fiscal year, the Japanese economy remained subject to concerns about the impact of COVID-19, as the effects of the pandemic persisted and infections caused by new variants continued to spread.」
The company stated that the impact of COVID-19 had persisted and that infections caused by variants had spread. Personal consumption and housing starts remained sluggish due to the pandemic and other factors, continuing to affect business results. - FY2022-Q3RestatedAnnual report
「There has been no change in the information regarding the impact of COVID-19 described in the additional information section of the 58th Fiscal Year Annual Securities Report filed on 28 September 2021. However, the impact may differ from our assumptions depending on how the infection spreads in the future and when it subsides.」
Although the company states that the additional information regarding COVID-19 remains unchanged, it continues to disclose the possibility that outcomes may differ from its assumptions depending on the future spread of the infection and when it subsides. - FY2022-Q2RestatedAnnual report
「There has been no change in the information regarding the impact of COVID-19 described in the additional information section of the 58th Fiscal Year Annual Securities Report filed on 28 September 2021. However, the impact may differ from our assumptions depending on how the infection spreads in the future and when it subsides.」
Although the company states that the additional information regarding COVID-19 remains unchanged, it continues to disclose the possibility that outcomes may differ from its assumptions depending on the spread of the infection and when it subsides. - FY2022-Q1RestatedAnnual report
「There has been no change in the information regarding the impact of COVID-19 described in the additional information section of the 58th Fiscal Year Annual Securities Report filed on 28 September 2021. However, the impact may differ from our assumptions depending on how the infection spreads in the future and when it subsides.」
Although the company states that the additional information regarding COVID-19 remains unchanged, it continues to disclose the possibility that outcomes may differ from its assumptions depending on the spread of the infection and when it subsides. - FY2021MaterialisedAnnual report
「Regarding our operating results for the fiscal year, net sales decreased by ¥482 million to ¥5,013 million. In the housing market, personal consumption fell substantially and new housing starts declined significantly due to the higher consumption tax rate and the spread of COVID-19, among other factors. As a result, sales of products decreased by ¥450 million and construction sales by ¥144 million.」
The decline in personal consumption and new housing starts caused by the spread of COVID-19 and other factors was reflected in actual results as decreases of ¥450 million in product sales and ¥144 million in construction sales. - FY2021-Q3RestatedAnnual report
「There has been no change in the information regarding the impact of COVID-19 described in the additional information section of the 57th Fiscal Year Annual Securities Report filed on 28 September 2020. However, the impact may differ from our assumptions depending on how the infection spreads in the future and when it subsides.」
Although the company states that the additional information regarding COVID-19 remains unchanged, it continues to disclose the possibility that outcomes may differ from its assumptions depending on the future spread of the infection and when it subsides. - FY2021-Q2RestatedAnnual report
「There has been no change in the information regarding the impact of COVID-19 described in the additional information section of the 57th Fiscal Year Annual Securities Report filed on 28 September 2020. However, the impact may differ from our assumptions depending on how the infection spreads in the future and when it subsides.」
Although the company states that the additional information regarding COVID-19 remains unchanged, it continues to disclose the possibility that outcomes may differ from its assumptions depending on the future spread of the infection and when it subsides. - FY2021-Q1WorsenedAnnual report
「There has been no change in the information regarding the impact of COVID-19 described in the additional information section of the 57th Fiscal Year Annual Securities Report filed on 28 September 2020. However, the impact may differ from our assumptions depending on how the infection spreads in the future and when it subsides.」
Although the company states that the additional information from the previous fiscal year remains unchanged, it continues to indicate that outcomes may differ from its assumptions depending on the spread of the infection and when it subsides. Restrictions on economic activity during the quarter and the impact on the housing market were also identified, indicating that risk uncertainty persists. - FY2020MaterialisedAnnual report
「Regarding our operating results for the fiscal year, net sales decreased by ¥526 million to ¥5,495 million. In the housing market, personal consumption fell substantially and new housing starts declined significantly due to the higher consumption tax rate and the spread of COVID-19, among other factors. As a result, sales of products decreased by ¥307 million, sales of merchandise by ¥70 million and other sales by ¥151 million.」
The decline in personal consumption and new housing starts associated with the spread of COVID-19 affected actual sales, resulting in a combined ¥526 million decrease in product, merchandise and other sales. - FY2020-Q3First statedAnnual report
「In addition, COVID-19 continues to spread globally, increasing uncertainty about the outlook. In the housing market, new housing starts declined against a backdrop of the reaction to front-loaded demand ahead of the consumption tax increase, the higher consumption tax rate and weaker consumer sentiment due to the impact of COVID-19.」
The global spread of COVID-19, along with the resulting decline in consumer sentiment and new housing starts, is identified for the first time in this filing as a standalone risk theme.