Risk of Declining Demand, Operational Restrictions and Supply Chain Disruptions Due to COVID-19
First written in FY2020. 2 of 9 entries say "Worsened", first in FY2021-Q1. Latest entry: FY2024.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024DroppedAnnual report
「The principal risks are as follows.」
The list of major risks for the current fiscal year does not identify declines in demand, operational restrictions or supply chain disruption caused by COVID-19 itself as standalone items. The fading of pandemic-related special demand is instead listed as part of the business environment. - FY2023MitigatedAnnual report
「During the current consolidated fiscal year, the business environment surrounding the group became active in domestic markets related to construction and power infrastructure, as economic activity normalised following the easing of restrictions on activities related to COVID-19 and momentum toward a decarbonised society increased.」
Domestic economic activity normalised as restrictions on activities were eased, and markets related to construction and power infrastructure became active. However, the pandemic itself remained a major risk. - FY2023-Q1Domestic economic normalisation alongside overseas infection-control restrictionsAnnual report
「During the first quarter of the fiscal year, Japan’s economy showed signs of recovery as social and economic activity normalized. However, overseas, the situation remained unpredictable as the Russia-Ukraine conflict was prolonged and lockdowns were imposed in Shanghai, China, under the zero-COVID policy, while elevated raw material and logistics prices, yen depreciation, and global supply chain disruptions continued.」
Although socioeconomic activity was normalising and recovering domestically, infection-related restrictions overseas, including the lockdown in Shanghai, China, and supply chain disruptions continued. - FY2022-Q3WorsenedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, Japan's economy showed signs of economic normalisation as COVID-19 vaccinations expanded, but remained in an uncertain situation due to the spread of new variants and other factors.」
Although vaccinations were driving moves toward normalisation, the spread of new variants again increased uncertainty regarding the impact of the pandemic on demand and business activity. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, Japan's economy remained in an uncertain situation, despite signs of economic normalisation from the expanding rollout of vaccines, due to supply chain stagnation and the impact of COVID-19.」
Although vaccinations and moves toward economic normalisation were under way, supply chain stagnation and the impact of COVID-19 continued, and the economic environment remained uncertain. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, Japan's economy continued to recover from the stagnation caused by the spread of COVID-19, but the situation remained uncertain due to the renewed spread of infections in Japan.」
Although signs of recovery from the economic stagnation caused by the spread of COVID-19 emerged, the uncertain situation continued as infections again spread domestically. - FY2021-Q2MitigatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, Japan's economy remained stagnant due to the impact of the spread of COVID-19. Although the business environment began to recover gradually as economic activity resumed after the state of emergency was lifted, difficult conditions continued in areas such as production activity and capital investment.」
The business environment was said to be gradually recovering as economic activity resumed after the state of emergency was lifted. However, difficult conditions continued in production activity and capital investment. - FY2021-Q1WorsenedAnnual report
「As COVID-19 spread worldwide, a state of emergency was declared nationwide in Japan, and the real economy stagnated as demand fell sharply.」
Regarding the COVID-19 risk disclosed at the end of the previous fiscal year, the company stated that a nationwide state of emergency, a sharp decline in demand and stagnation of the real economy had actually occurred. - FY2020MaterialisedAnnual report
「Depending on how the spread of infections develops, the group's financial condition and operating results could be materially affected by restrictions on business activities resulting from a shrinking market, supply chain disruptions, shutdowns of the group or its business partners, and closures of business locations.」
COVID-19 was listed as a standalone major risk for the first time. The company explained that impacts had already emerged, including closures of construction sites, supply chain disruption and postponement of construction work.