Economic and Business Impact of the Spread of COVID-19
First written in FY2020. 3 of 13 entries say "Restated". Latest entry: FY2024-Q3.
A&A Material moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
4 other companies' latest entry also says "Mitigated".
- FY2024-Q3MitigatedAnnual report
「During the nine months ended 31 December of the current fiscal year, the Japanese economy improved as the impact of COVID-19 diminished and capital investment and personal consumption recovered, with social and economic activity normalizing and the economy entering a gradual recovery trend.」
It described the diminishing impact of COVID-19, normalization of economic activity, and recovery in capital investment and personal consumption, indicating that the economic impact of the infection was easing. - FY2024-Q2MitigatedAnnual report
「During the six months ended 30 September of the current fiscal year, the classification of COVID-19 was shifted to Category 5, and personal consumption and capital investment showed signs of recovery as economic activity normalized, with the economy continuing to recover gradually.」
It explained that the shift of COVID-19 to Category 5 and the normalization of economic activity led to a recovery in personal consumption and capital investment, and that the economy was gradually recovering. - FY2024-Q1MitigatedAnnual report
「During the three months ended 30 June of the current fiscal year, the Japanese economy was gradually recovering as restrictions on movement associated with the spread of COVID-19 were eased and economic activity normalized.」
It described the easing of restrictions on movement, normalization of economic activity, and a gradual recovery in the economy, explaining that the economic impact of the infection was easing compared with the previous fiscal year. - FY2023-Q2RestatedAnnual report
「During the six-month period ended in the second quarter of the fiscal year, Japan's economy maintained a moderate recovery trend despite the continuing impact of the novel coronavirus. However, uncertainty over the economic outlook remained high due to soaring resource prices resulting from Russia's invasion of Ukraine and volatility in financial and capital markets, leaving no room for complacency.」
It reconfirmed the coexistence of a continuing impact and a recovery: the infection's impact continued while the economy maintained a gradual recovery trend, and uncertainty about the outlook remained high. - FY2023-Q1The continued impact of the infection alongside a recoveryAnnual report
「During the three-month period ended in the first quarter of the fiscal year, Japan's economy remained uncertain despite some moderate signs of recovery as the effects of the novel coronavirus continued. The economy was affected by the global rise in resource and raw-material prices resulting from Russia's invasion of Ukraine and other factors, as well as a sharp depreciation of the yen caused by volatility in financial and capital markets.」
While economic activity was gradually recovering as a result of measures against the infection, it explained that the infection's impact itself continued and that the outlook remained uncertain because of higher resource and raw material prices and a sharp weakening of the yen. - FY2022-Q3Expectations for normalization after restrictions are lifted alongside concerns over the renewed spread of variantsAnnual report
「During the nine-month period ended in the third quarter of the fiscal year, the lifting of repeatedly issued states of emergency and priority preventive measures was expected to normalise economic activity as vaccinations spread and infection-control measures were implemented in response to the spread of the novel coronavirus. However, the outlook remains uncertain, with concerns including the renewed spread of infections caused by new variant strains and soaring raw-material prices.」
While the situation shifted toward expectations for normalization of economic activity following the lifting of states of emergency and other measures, it explained that uncertainty about the outlook remained because of the renewed spread of infections caused by new variants. - FY2022-Q2Signs of recovery alongside uncertainty caused by the fifth waveAnnual report
「During the six months ended 30 September of the current fiscal year, the Japanese economy showed signs of a recovery in economic activity as COVID-19 vaccinations progressed, but the outlook remained uncertain as the fifth wave struck and extensions of states of emergency and the application of priority preventive measures continued.」
While recognizing signs of a recovery in economic activity accompanying the rollout of vaccinations, it said that uncertainty surrounding the outlook for COVID-19 continued because of the fifth wave and states of emergency. - FY2022-Q1RestatedAnnual report
「During the three-month period ended in the first quarter of the fiscal year, vaccinations began while the novel coronavirus continued to spread, but economic activity remained severely restricted due to the reissuance of the state of emergency and the application of priority preventive measures, leaving the outlook uncertain.」
It explained that the spread of COVID-19, restrictions on economic activity resulting from states of emergency and other measures, and uncertainty about the outlook continued. - FY2021WorsenedAnnual report
「As a result, revenue for the current consolidated fiscal year was ¥37,204 million, including ¥19,139 million in completed construction revenue, down 13.0% from the previous fiscal year; operating profit was ¥1,470 million, down 53.8%; ordinary profit was ¥1,578 million, down 49.9%; and profit attributable to owners of the parent was ¥727 million, down 63.5%.」
Although telework and other measures were implemented in response to the infection, its impact was reflected in the full-year results as declines of 13.0% in revenue, 53.8% in operating profit, 49.9% in ordinary profit, and 63.5% in net profit. - FY2021-Q3RestatedAnnual report
「We promoted improvements in productivity and corporate value by actively adopting telework to reduce expenses and increase operational productivity, but this was insufficient to offset the economic downturn caused by COVID-19. For the nine months ended 31 December of the current fiscal year, revenue was ¥25,806 million, including ¥12,559 million in completed construction revenue, down 12.1% year on year; operating profit was ¥775 million, down 65.6%; ordinary profit was ¥873 million, down 62.0%; and profit attributable to owners of the parent was ¥314 million, down 78.4%.」
Although telework and other measures were implemented, the economic downturn caused by the infection continued to affect results, as reflected in declines in revenue, operating profit, ordinary profit, and net profit. - FY2021-Q2WorsenedAnnual report
「As measures to address COVID-19, we prioritized the safety and health of customers, other stakeholders, and group employees, and reduced face-to-face activities by holding meetings and conducting sales activities remotely. We also pursued cost reductions by adopting telework and promoted improvements in corporate value. However, these measures were insufficient to offset the economic downturn caused by COVID-19. For the six months ended 30 September of the current fiscal year, revenue was ¥18,292 million, including ¥9,769 million in completed construction revenue, down 9.8% year on year; operating profit was ¥525 million, down 67.5%; ordinary profit was ¥584 million, down 64.4%; and profit attributable to owners of the parent was ¥128 million, down 88.3%.」
Although telework and other measures and cost reductions were implemented, they could not offset the economic downturn caused by COVID-19, with the impact expanding into declines in revenue, operating profit, ordinary profit, and quarterly profit attributable to owners of the parent. - FY2021-Q1MaterialisedAnnual report
「As measures to address COVID-19, we prioritized the safety and health of customers, other stakeholders, and group employees, and implemented measures including refraining from face-to-face sales activities, telework, and staggered working hours, while promoting improvements in corporate value through higher production efficiency and cost-cutting measures. However, these measures were insufficient to offset the impact of COVID-19,」
It explained that although measures including refraining from sales activities and telework were implemented in response to COVID-19, they were insufficient to offset the impact on performance, indicating that the risk had materialized as an actual business impact. - FY2020First statedAnnual report
「The timing of the containment of COVID-19 remains uncertain, and its impact on economic activity cannot currently be forecast. The spread of COVID-19 may also affect the performance and financial position of our group.」
It has separately identified, for the first time, the risk that the uncertain timing of the containment of COVID-19 makes its impact on economic activity, performance, and financial position impossible to forecast.