Risk of Reduced Real Estate Transactions and Operational Disruption Due to the Spread of COVID-19
First written in FY2020. 3 of 10 entries say "Materialised", first in FY2021-Q2. Latest entry: FY2023-Q2.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2023-Q2MitigatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, performance remained solid as negotiations for projects conducted face to face progressed and efforts were made to increase the number of recurring projects. As a result, segment revenue was ¥111.062 million, up 47.0% year on year, and segment profit was ¥6.001 million, compared with a segment loss of ¥2.414 million in the same period of the previous year.」
In the real estate auction business, face-to-face negotiations for projects progressed, and efforts to increase recurring projects helped drive a 47.0% year-on-year increase in revenue and a return to segment profitability. The results indicated that the impact of restrictions on sales activities due to the spread of COVID-19 was easing. - FY2023-Q1MitigatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, performance remained solid as negotiations for projects conducted face to face progressed and efforts were made to increase the number of recurring projects.」
In the real estate auction business, face-to-face negotiations for projects progressed, and performance remained solid, supported by efforts to increase recurring projects. The results indicated that the impact of restrictions on sales activities due to the spread of COVID-19 was easing. - FY2022-Q3MitigatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the easing of restrictions on sales activities related to COVID-19 increased the number of settlements through auctions, including large-scale transactions. As a result, segment revenue was ¥478.472 million, up 192.7% year on year, and segment profit was ¥174.494 million, up 1,259.5%.」
Against the backdrop of easing restrictions on sales activities related to COVID-19, the number of auction settlements increased, and revenue and segment profit substantially exceeded the year-earlier levels. - FY2022-Q2WorsenedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, restrictions on sales activities continued to result from the spread of COVID-19, delaying project progress, while settlements through auctions remained sluggish. As a result, segment revenue was ¥75.534 million, down 47.2% year on year, and the segment recorded a loss of ¥2.414 million, compared with segment profit of ¥23.830 million in the same period of the previous year.」
The impact of restrictions on sales activities due to the spread of COVID-19 continued, with delays in project progress and sluggish auction settlements. Revenue fell 47.2% year on year, and the segment moved from profit in the previous year to a loss. - FY2022-Q1MaterialisedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, restrictions on sales activities continued to result from the spread of COVID-19, delaying project progress, while settlements through auctions remained sluggish. As a result, segment revenue was ¥67.467 million, down 48.0% year on year, and segment profit was ¥19.894 million, down 53.3%.」
Restrictions on sales activities caused by the spread of COVID-19 continued to result in delays in project progress and sluggish settlements in real estate auctions. Segment revenue fell 48.0% and profit fell 53.3%. - FY2021MaterialisedAnnual report
「During the current consolidated fiscal year, restrictions on sales activities caused by the spread of COVID-19 delayed the progress of projects, and settlements through auctions remained sluggish. As a result, segment revenue was ¥187.367 million, down 62.5% year on year, and segment profit was ¥5.358 million, down 94.7%.」
Restrictions on sales activities caused by the spread of COVID-19 became apparent over the full year as delays in real estate auction projects and sluggish settlements, leading to substantial declines in revenue and profit. - FY2021-Q3WorsenedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, restrictions on sales activities caused by the spread of COVID-19 delayed the progress of projects, and settlements through auctions remained sluggish. As a result, segment revenue was ¥163.479 million, down 48.8% year on year, and segment profit was ¥12.835 million, down 79.3%.」
The impact of restrictions on sales activities due to the spread of COVID-19 continued, resulting in delays in project progress and sluggish auction settlements. Segment revenue fell 48.8% and profit fell 79.3%, quantifying a greater impact than in the previous quarter. - FY2021-Q2MaterialisedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, restrictions on sales activities caused by the spread of COVID-19 delayed the progress of projects, and settlements through auctions remained sluggish. As a result, segment revenue was ¥143.059 million, down 32.0% year on year, and segment profit was ¥23.830 million, down 26.2%.」
Restrictions on sales activities associated with the spread of COVID-19 materialized as delays in project progress and sluggish settlements in real estate auctions, while revenue and segment profit fell below the year-earlier levels. The impact on the group as a whole was described as limited. - FY2021-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, the impact of the stagnation in economic activity associated with the spread of COVID-19 on our group’s business performance was limited. However, if the recovery from the COVID-19 shock is delayed and negative economic growth continues for an extended period, the impact on our group’s business performance could become apparent from the second quarter onward.」
Although the impact on business performance was considered limited as of the first quarter, the Company continued to indicate that the effects could become apparent from the second quarter onward if the economic recovery is delayed and negative growth persists over an extended period. - FY2020First statedAnnual report
「If COVID-19 continues to spread over an extended period, the resulting decline in transactions involving real estate, including housing loans, and business disruptions caused by employees contracting the virus could affect the Company’s business performance, financial position and growth strategy.」
The Company disclosed as a new risk the possibility that the prolonged spread of COVID-19 could reduce real estate transactions and disrupt operations if employees contract the virus, affecting business performance, financial position and growth strategy.