Impact of COVID-19 on the Operating Environment and Supply Chain
First written in FY2020. 6 of 10 entries say "Restated". Latest entry: FY2024-Q1.
The whole theme swung hardest in 2025: 5 of 16 companies on the "Worse" side.
19 other companies' latest entry also says "Mitigated".
- FY2024-Q1MitigatedAnnual report
「The normalization of economic and social activity progressed as restrictions on activities to prevent the spread of COVID-19 were eased, including the disease's reclassification to Class 5.」
It was disclosed that the normalization of economic and social activity progressed following COVID-19's reclassification to Class 5 and the easing of restrictions on activities. - FY2023-Q1RestatedAnnual report
「Although restrictions on activities to counter COVID-19 were eased and signs of a return to normal economic activity emerged, the outlook remains uncertain due to the acceleration in resource and energy price increases caused by the situation in Ukraine, the rapid depreciation of the yen and the impact of lockdowns in China under its zero-COVID policy.」
While restrictions on activities were eased and economic activity moved toward normalization, uncertainty in the business environment, including the effects of the infection, was said to be continuing. - FY2022RestatedAnnual report
「Assuming that the effects of the spread of COVID-19 would continue for a certain period, the company estimated future cash flows used to assess impairment losses on fixed assets and reflected the estimates in its accounting.」
The assumption that the effects of the infection would continue for a certain period, and their continued reflection in the assessment of impairment of fixed assets, were disclosed. - FY2022-Q3RestatedAnnual report
「The economy showed signs of recovery following the lifting of those measures from October onward, but the outlook remains uncertain, with a new variant showing signs of spreading.」
The economy showed signs of recovery after the lifting of the state of emergency and other measures, while uncertainty persisted due to signs of a new variant spreading. - FY2022-Q2RestatedAnnual report
「During the six-month period ended September 2021, the Japanese economy remained in a difficult situation due to the impact of COVID-19. Although the effects of policies aimed at curbing the spread of infections, including efforts to promote vaccination, are expected to support an economic recovery, the outlook remains uncertain.」
The difficult economic conditions and uncertain outlook caused by the infection continued, while expectations were expressed for the effects of policies such as vaccination. - FY2022-Q1RestatedAnnual report
「The economic outlook remains uncertain due to the emergence of highly transmissible variants and repeated measures to contain infections.」
Uncertainty in the business environment due to infection variants and measures to contain infections continued. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter under review, Japan's economy was in an extremely severe situation from the beginning of the period because of the rapid stagnation of social and economic activity caused by the spread of COVID-19. Although economic conditions showed signs of recovery from the summer onward as economic activity resumed, there were still no signs that COVID-19 was coming to an end, and the outlook for the economy remained uncertain.」
The stagnation of social and economic activity caused by the infection was identified as an ongoing risk, while signs of an economic recovery emerged from the summer onward. - FY2021-Q2MaterialisedAnnual report
「In the construction and housing-related industries, which are the Group's principal related industries, some construction projects were suspended or delayed in the first quarter. Through the second quarter, the postponement of new project starts expanded amid uncertainty over private construction investment plans, and the decline in construction floor area started continued to exceed 10% year on year, making conditions increasingly difficult.」
The impact of the spread of the infection continued and expanded, taking the form of construction work stoppages and delays, postponement of new construction starts and a year-on-year decline of more than 10% in the total floor area of building starts. - FY2021-Q1MaterialisedAnnual report
「In the construction and housing-related industries, which are the Group's principal related industries, some construction projects were suspended or delayed, while voluntary restrictions aimed at preventing the spread of infection across a broad range of industries, including retail and food services, became a major constraint on business activity.」
The impact of COVID-19 spread to the business in the form of construction work stoppages and delays, lower rental utilization rates and reduced customer willingness to invest. - FY2020First statedAnnual report
「The operating environment surrounding the construction equipment and rental-related businesses has been changing rapidly due to the spread of COVID-19, including the postponement of the Tokyo Olympic and Paralympic Games and discussions concerning the suspension of construction work by major general contractors. It is difficult to estimate the impact of lower equipment utilization at the temporary equipment rental companies that are our customers. In the housing equipment and electronic equipment-related businesses, disruption in China’s supply chain has been resolved, but it remains difficult to estimate the impact of restrictions on business activities along major sales channels.」
The postponement of the Games, construction suspensions, lower rental-equipment utilization and restrictions on sales-channel activities were identified as new risks arising from the pandemic.