Order and Operating Risks Arising from COVID-19
First written in FY2020. 7 of 15 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024MitigatedAnnual report
「In the current fiscal year, following the reclassification of COVID-19 as a Class 5 infectious disease, economic activity continued to normalize, supported by a recovery in inbound demand and personal consumption and progress in corporate production activity, and the economy followed a moderate recovery trend.」
The company stated that economic activity continued to normalize following the reclassification of COVID-19 as a Class 5 infectious disease, indicating that the previously identified business-environment risks from the pandemic were easing. - FY2024-Q3MitigatedAnnual report
「During the cumulative third-quarter period, economic conditions recovered moderately as the country continued to emerge from the pandemic and economic and social activity returned to normal, while」
The company described progress in emerging from the pandemic and normalizing economic and social activity, indicating that the business-environment risks from COVID-19 were easing compared with before. - FY2024-Q1RestatedAnnual report
「During the first quarter cumulative period, there were no material changes in the occurrence of major risks among those relating to the business and accounting conditions described in this quarterly report that management recognizes could materially affect the company's financial position, results of operations, or cash flows, or in the business and other risks described in the securities report for the previous fiscal year.」
The company stated that there had been no occurrence of, or material change in, the major risks, including order and operating risks arising from COVID-19. - FY2023MitigatedAnnual report
「In the current fiscal year, Japan's economy showed signs of recovery as restrictions on economic activity related to COVID-19 were eased, while」
The description changed to state that restrictions on economic activity related to COVID-19 had been eased and that the economy was showing signs of recovery. - FY2023-Q3RestatedAnnual report
「During the third quarter cumulative period, there were no material changes in the occurrence of major risks among those relating to the business and accounting conditions described in this quarterly report that management recognizes could materially affect the company's financial position, results of operations, or cash flows, or in the business and other risks described in the securities report for the previous fiscal year.」
The company stated that there had been no occurrence of, or material change in, the major risks, including order and operating risks arising from COVID-19. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter period, Japan's housing market saw signs of a recovery in new housing starts as the effects of the spread of COVID-19 continued, but did not achieve a full-fledged market recovery.」
Although the housing market has shown signs of recovery while the impact of COVID-19 continues, the company stated that it has not reached a full-scale recovery. - FY2023-Q1RestatedAnnual report
「During the first quarter cumulative period, there were no material changes in the occurrence of major risks among those relating to the business and accounting conditions described in this quarterly report that management recognizes could materially affect the company's financial position, results of operations, or cash flows, or in the business and other risks described in the securities report for the previous fiscal year.」
The company stated that there had been no occurrence of, or material change in, the major risks related to orders and operations arising from COVID-19. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter, sales of the Company's core products, building materials for new homes and building materials for home renovations, exceeded those of the same period of the previous year but struggled to grow, despite housing starts remaining firm, partly due to the continuing impact of COVID-19, and the difficult operating environment continues.」
The impact of COVID-19 continues, and although sales of the main products exceeded the same period of the previous year, growth has stalled. The company stated that the challenging operating environment persists. - FY2022-Q2RestatedAnnual report
「Although sales of the Company's core products, building materials for new homes and building materials for home renovations, exceeded those of the same period of the previous year, they struggled to grow amid a difficult environment in which sales visits were challenging due to the continuing impact of COVID-19, and the difficult operating environment continues.」
Although the company continued to face difficulties conducting in-person sales activities due to COVID-19, revenue from its main products exceeded the same period of the previous year. - FY2022-Q1RestatedAnnual report
「Although sales of the Company's core products, building materials for new homes and building materials for home renovations, exceeded those of the same period of the previous year, they did not grow, amid a continuing difficult operating environment as housing starts declined due to the declining birthrate and aging population, compounded by the ongoing impact of COVID-19.」
The company reaffirmed that the sales environment for its main products remains challenging as the impact of COVID-19 continues from the previous period. Meanwhile, revenue exceeded the same period of the previous year. - FY2021WorsenedAnnual report
「The impact of COVID-19 on the company as a whole during the fiscal year was present in both sales and production.」
The description changed from the previous year's statement that the impact on the company as a whole was minor in both sales and production to a statement that there was an impact across the company in both areas during the fiscal year. - FY2021-Q3WorsenedAnnual report
「Japan's housing materials market was also severely affected by COVID-19, with new housing starts falling sharply and extremely difficult conditions continuing. Signs of a recovery began to emerge from August onward as economic activity resumed, but infections were trending upward toward winter and uncertainty over the outlook continued.」
Housing starts declined sharply as a result of the pandemic, and the extremely challenging market environment continues. Although there have been signs of recovery since August, the company described a trend toward rising infections and continued uncertainty about the outlook heading into winter. - FY2021-Q2WorsenedAnnual report
「Japan's housing materials market was also severely affected by COVID-19, with new housing starts falling sharply and extremely difficult conditions continuing. Signs of a recovery began to emerge from August onward as economic activity resumed, but uncertainty over the outlook continued.」
The impact of COVID-19 emerged as a sharp decline in housing starts and an extremely challenging market environment. Despite signs of recovery from August onward, uncertainty about the outlook remains. - FY2021-Q1WorsenedAnnual report
「During the cumulative first quarter, sales were weak for the Company's core products, building materials for new detached homes and building materials for home renovations, as they were significantly affected by the spread of COVID-19 amid major changes in the surrounding business environment, resulting in sales well below the same period of the previous year.」
Regarding the impact of COVID-19 on orders described in the previous fiscal year, the company stated that both main products were significantly affected by the spread of the infection in the first quarter and fell substantially below the same period of the previous year. - FY2020First statedAnnual report
「From February onward, a mood of restraint stemming from the impact of COVID-19 spread, accelerating the decline in orders for renovation building materials, and overall results fell below the same period of the previous year. However, the impact of COVID-19 on the company as a whole during the fiscal year was minor in both sales and production.」
For the first time, the company explicitly identified declining orders due to customers' difficulty maintaining business activities and lower operating rates at the company as major risks from COVID-19. Although the pandemic accelerated the decline in orders for renovation building materials, its overall impact on sales and production was described as minor.