Impact of COVID-19 on construction projects and demand
First written in FY2020. 4 of 12 entries say "Worsened", first in FY2021-Q1. Latest entry: FY2024-Q1.
Otani Kogyo 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 2024: 6 of 26 companies on the "Worse" side.
12 other companies' latest entry also says "Dropped".
- FY2024-Q1DroppedAnnual report
「During the cumulative first quarter under review, Japan's economy is expected to continue recovering moderately, supported by improvements in employment and income conditions and the effects of various policies. However, as global monetary tightening continues, a downturn in overseas economies poses a risk of putting downward pressure on Japan's economy. Close attention must also be paid to the effects of rising prices and volatility in financial and capital markets.」
The economic overview for the current quarter no longer explicitly mentions COVID-19, waves of infection, variants or the timing of containment, which had been described through the previous quarter. - FY2023SoftenedAnnual report
「In the Japanese economy during the fiscal year, economic conditions are expected to recover, helped in part by the effects of various policies under the “with-COVID” environment.」
The detailed descriptions previously provided regarding infection numbers, variants and the timing of containment have been removed, and the wording has been softened to a general economic-environment description of “with COVID.” - FY2023-Q3Decline in infections during the eighth wave alongside concerns about new variantsAnnual report
「Regarding the impact of COVID-19, the number of infections in the eighth wave has begun to decline, and discussions are under way regarding mask-wearing guidance and the classification of the disease under the Infectious Diseases Control Law. However, new variants have been identified, and it remains difficult to predict when the situation will be brought under control.」
While a decline in infections during the eighth wave and reviews of systems and measures were indicated, the identification of new variants means that the difficulty of predicting when the situation will be brought under control continues. - FY2023-Q2Improving infection trends alongside concerns about an eighth waveAnnual report
「Regarding the impact of COVID-19, the number of infections has declined after passing the peak of the seventh wave, and policies such as easing border control measures and nationwide travel subsidies are being advanced. However, concerns about an eighth wave remain, and the outlook continues to be uncertain as to when the situation will be brought under control.」
Improvement factors such as the seventh wave passing its peak, a decline in infections, and the easing of border control measures were indicated, while concerns about an eighth wave and uncertainty over when the situation will be brought under control remain. - FY2023-Q1MitigatedAnnual report
「Regarding the impact of COVID-19, although the number of infections, which had been declining, has risen since late June and it remains difficult to predict when the situation will be brought under control, the Company believes that the impact on its results is minor.」
Although the increase in infections and the difficulty of predicting when the situation will be brought under control continue, the Company considers the impact on its results to be minor, and its assessment of the impact on results has become less negative than the downside concerns regarding the impact of COVID-19 through the previous quarter. - FY2022-Q3WorsenedAnnual report
「Regarding the impact of COVID-19, the rapid nationwide spread of the Omicron variant led to the reapplication of priority preventive measures in several cities, among other developments, and it remains difficult to predict when the situation will be brought under control.」
The rapid spread of the Omicron variant and the application of priority preventive measures in several cities were described, and the difficulty of predicting when the infection would be brought under control continues. - FY2022-Q2Improving infection trends alongside downside risksAnnual report
「During the cumulative second quarter, Japan’s economy was expected to recover, supported by the effects of various government policies and an improvement in overseas economies as measures to prevent the spread of infection were implemented and vaccinations promoted. However, close attention must be paid to the increasing downside risk arising from domestic and overseas infection trends and their impact through supply chains. Regarding the impact of COVID-19, the declaration of a state of emergency in place since April is expected to be lifted and various restrictions gradually eased as the number of infections declines, but the outlook remains uncertain and it is still difficult to predict when the situation will be brought under control.」
While the decline in infections, the lifting of the state of emergency, and the expected easing of restrictions were indicated, downside risks from domestic and overseas infection trends and through supply chains, as well as uncertainty over when the situation will be brought under control, continue to be disclosed. - FY2022-Q1WorsenedAnnual report
「Although highly transmissible variants continue to spread, vaccination is becoming more widespread, and it remains difficult to predict when the situation will be brought under control.」
While the spread of vaccinations was noted, the continued spread of highly transmissible variants and the ongoing difficulty of predicting when the infection would be brought under control were indicated. - FY2021MitigatedAnnual report
「The construction industry remained in a difficult situation, with measures such as suspending construction taken in some areas due to the impact of COVID-19. Construction has now resumed under sufficient preventive measures. As the impact of COVID-19 is expected to be minor under these circumstances, the Company has not provided any specific disclosure regarding its impact.」
Although construction stoppages occurred in the construction industry, construction has resumed under sufficient preventive measures, and the Company expects the impact of COVID-19 to be minor. - FY2021-Q3WorsenedAnnual report
「However, it is necessary to pay close attention to the risk that the impact of the spread of the infection on the domestic and global economies could cause them to deteriorate, and to monitor the effects of fluctuations in the financial and capital markets. Regarding the impact of COVID-19, it remains difficult to predict when the situation will be brought under control, as repeated declarations of a state of emergency have been issued in several cities due to pressure on medical systems caused by an increase in newly reported infections.」
The increase in newly reported infections, pressure on medical systems, and reissuance of declarations of a state of emergency in several cities were described, highlighting the difficulty of predicting when the infection would be brought under control and the downside risk to the domestic and global economies. - FY2021-Q1WorsenedAnnual report
「The global spread of COVID-19 continues, and it remains difficult to predict when the situation will be brought under control, with a second wave still a concern.」
The continued global spread of infection, concerns about a second wave, and the difficulty of predicting when the situation will be brought under control were explicitly stated, underscoring the uncertainty of COVID-19 risk. - FY2020First statedAnnual report
「Meanwhile, in the construction industry, measures such as suspending construction have been taken to prevent the spread of infection. In addition to some projects being subject to revisions to their start dates, scale, or schedules, as well as postponement or cancellation of plans, the outlook has become uncertain due to the postponement of the Tokyo Olympic and Paralympic Games.」
The Company described, for the first time as a separate risk, the situation in which COVID-19 had led to construction stoppages, revisions to project start dates, scale, and schedules, and the postponement or cancellation of plans for construction projects.