Impact of the Spread of COVID-19 on Business Activities and Performance
First written in FY2020. 8 of 19 entries say "Restated". Latest entry: FY2026.
The Takigami Steel Construction moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2025: 7 of 24 companies on the "Worse" side.
11 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「If declines in order quantities and other factors substantially exceed expectations because of soaring raw material, labor and other costs or unforeseen circumstances such as a novel infectious disease, business performance may be affected.」
The risk description was reframed from the business-activity restriction risk specific to COVID-19 to a more general risk description, including declines in order quantities resulting from unforeseen circumstances such as novel infectious diseases. - FY2026-H1RestatedAnnual report
「During the current interim consolidated accounting period, there has been no emergence of any of the major risks that management recognizes as potentially having a material effect on the financial position, operating results or cash flows of the consolidated companies among the matters concerning the business and financial condition described in this interim report, nor any significant change in the risks described under “Business and Other Risks” in the securities report for the previous fiscal year.」
No material changes were identified in the impact of the spread of COVID-19 on business activities and performance. - FY2025RestatedAnnual report
「During the current interim consolidated accounting period, there has been no emergence of any of the major risks that management recognizes as potentially having a material effect on the financial position, operating results or cash flows of the consolidated companies among the matters concerning the business and financial condition described in this interim report, nor any significant change in the risks described under “Business and Other Risks” in the securities report for the previous fiscal year.」
Following the interim report, no material changes were identified in the key risks associated with the spread of COVID-19. - FY2025-H1RestatedAnnual report
「During the current interim consolidated accounting period, there has been no emergence of any of the major risks that management recognizes as potentially having a material effect on the financial position, operating results or cash flows of the consolidated companies among the matters concerning the business and financial condition described in this interim report, nor any significant change in the risks described under “Business and Other Risks” in the securities report for the previous fiscal year.」
No material changes were identified in the impact of the spread of COVID-19 on business activities and performance. - FY2024MitigatedAnnual report
「During the current consolidated fiscal year, Japan's economy began to regain vitality as it overcame the COVID-19 pandemic, economic activity continued to normalize, and the economy returned to a gradual recovery trend.」
The description changed from restrictions on business activities caused by COVID-19 to a description stating that the economy was overcoming the pandemic and economic activity was beginning to normalize. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
No material changes were identified in the impact of the spread of COVID-19 on business activities and performance. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
No material changes were identified in the impact of the spread of COVID-19 on business activities and performance. - FY2024-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
No material changes were identified in the impact of the spread of COVID-19 on business activities and performance. - FY2023Minor impact on core businesses, but lingering effects on machine-tool manufacturingAnnual report
「Regarding the impact of the COVID-19 pandemic on the Group during the current consolidated fiscal year, the steel structure manufacturing business experienced no particular impact on factory operations or worksites, and factory operating rates remained high. In the other segments, the direct impact on the materials sales and transportation businesses was minor. In the machine-tool manufacturing business, however, production adjustments in the automotive industry continued because of the semiconductor shortage, which was primarily attributable to the pandemic, and other factors, resulting in a significant continuing impact on business performance, as in the previous fiscal year.」
The direct impact on steel structure manufacturing, materials sales and transportation was considered minor, while the impact of production adjustments in the automotive industry caused by the semiconductor shortage and other factors remained in the machine-tool manufacturing business. - FY2023-Q3RestatedAnnual report
「There were no material changes in the assumptions concerning COVID-19 described in the previous fiscal year's annual securities report under Additional Information, Accounting Estimates Related to the Impact of COVID-19.」
No material changes were identified in the assumptions underlying accounting estimates related to COVID-19. - FY2023-Q2RestatedAnnual report
「In the machine-tool manufacturing business, the automotive industry remains in an uncertain outlook because of structural changes in the market resulting from the shift toward carbon neutrality, as well as parts shortages and higher material costs caused by the COVID-19 pandemic.」
The impact of COVID-19 continues to be cited as a factor contributing to the uncertain outlook for the machine-tool manufacturing business through parts shortages and higher material costs. - FY2022Differences in impact by business segmentAnnual report
「The impact of the COVID-19 pandemic on the Group during the current consolidated fiscal year is described by business segment.」
The disclosure states that the direct impact on steel structure manufacturing, materials sales and transportation was minor, while the impact remained in machine-tool manufacturing because production adjustments in the automotive industry caused by the semiconductor shortage and other factors continued. - FY2022-Q3MaterialisedAnnual report
「In the transportation business, transaction volumes declined significantly because of the impact of the COVID-19 pandemic and other factors from the beginning of the period. The impact was particularly pronounced in intra-Group transactions involving both bridge and steel-frame transportation, resulting in performance falling substantially below the level required for profitability.」
The impact of COVID-19 continued to appear in actual performance as lower transaction volumes in bridge and steel-frame transportation and results falling below the profitability threshold. - FY2022-Q2MaterialisedAnnual report
「In the materials sales business, the impact of the COVID-19 pandemic continued in all three divisions: thick plate, reinforcing steel and building materials, and leveling.」
The impact of COVID-19 continued in the materials sales business and appeared in performance as lower transaction volumes in the thick plate division, sluggish performance in the leveling division, and lower transportation transactions. - FY2022-Q1MaterialisedAnnual report
「In the steel structure manufacturing business, total orders received during the first quarter of the current consolidated fiscal year amounted to ¥2.6 billion, down ¥3.86 billion, or 59.7%, year on year. Regarding quarterly earnings, the company implemented measures including adjustments to working hours against the backdrop of the state of emergency declared in response to the COVID-19 pandemic from early spring, while factory operations remained at the same level as in the corresponding period of the previous year.」
The company adjusted working hours against the backdrop of the state of emergency declared in response to the COVID-19 pandemic. Factory operations were at roughly the same level as in the corresponding period of the previous year, while orders received in the steel structure manufacturing business fell 59.7% year on year. - FY2021-Q3MaterialisedAnnual report
「Although the impact of COVID-19 continued, the factory operating rate, which had remained low through the first half, gradually recovered, and this trend is expected to continue.」
Although the impact of the pandemic continued, the factory operating rate, which had declined, gradually recovered. Lower order volumes and sales volumes resulting from the spread of COVID-19 also appeared in actual results for the transportation, materials sales and machine-tool manufacturing businesses. - FY2021-Q2MaterialisedAnnual report
「Although the decline in the factory operating rate and other factors resulting from COVID-19 increased the fixed-cost ratio of manufacturing costs, design changes were recorded for certain expressway projects. As a result, completed construction revenue was ¥6,450 million, up ¥470 million, or 7.9%, year on year, and operating profit was ¥6 million, compared with an operating loss of ¥260 million in the same period of the previous year.」
The decline in factory operating rates and the burden of manufacturing costs caused by COVID-19 continued, affecting operating losses in the materials sales business and lower orders and operating losses in the machine-tool manufacturing business. - FY2021-Q1MaterialisedAnnual report
「Because factory utilization was held at approximately 50% due to measures to prevent COVID-19 and other factors, production volume declined substantially, and the allocation of common costs, including overhead, pushed up fabrication costs.」
The risk associated with the spread of COVID-19 actually affected business activities and performance through restrictions on factory operating rates, lower production volumes, higher manufacturing costs, lower material sales volumes and losses in the machine-tool manufacturing business. - FY2020First statedAnnual report
「To mitigate the risks associated with the recent spread of COVID-19, we promptly formulated a response policy and implemented various measures, including staggered working hours, shift work involving teleworking and leave of absence, and a general ban on business travel. These measures may affect business performance by restricting production activities at our head office factory and business activities at erection sites and elsewhere.」
Restrictions on business activities and their impact on performance arising from the spread of COVID-19 were described as a new key risk. Although the impact on the segments for the fiscal year was considered minor, the possibility of restrictions on business activities was indicated.