Stagnation in marine equipment orders and prolonged construction periods due to COVID-19
First written in FY2021-Q3. 5 of 12 entries say "Mitigated", first in FY2022-Q3. Latest entry: FY2026.
The whole theme swung hardest in 2024: 3 of 9 companies on the "Worse" side.
1 other company's latest entry also says "Restated".
- FY2026RestatedAnnual report
「If a new infectious disease, such as a novel strain of influenza or COVID-19, spreads in the regions where the Group operates, the resulting suspension of economic and business activity could affect the Group's business performance.」
The company continues to address the risk that a large-scale infectious disease, such as a novel strain of influenza or COVID-19, could suspend economic and business activity, with responses including an emergency task force. - FY2024ReframedAnnual report
「If a new infectious disease, such as a novel strain of influenza or COVID-19, spreads in the regions where the Group operates, the resulting suspension of economic and business activity could affect the Group's business performance.」
The risk has been recast from the stated actual impact of COVID-19 on sales and economic activity as a general risk of a large-scale infectious disease, assuming the spread of a new infectious disease. The company states that the likelihood is low and the impact is medium, and describes measures including responses by an emergency task force. - FY2023MitigatedAnnual report
「During the consolidated fiscal year, progress in balancing COVID-19 countermeasures with economic activity led to signs of a recovery in socioeconomic activity in the global economy.」
The company stated that progress in balancing COVID-19 countermeasures with economic activity led to a recovery in socioeconomic activity. - FY2023-Q3MitigatedAnnual report
「In Japan, although the number of infections was trending upward with the arrival of the eighth wave of COVID-19, the easing of restrictions on activity led to further progress in normalising economic and social activity.」
The company reported an increase in infections due to the eighth wave, while stating that the easing of restrictions on activity advanced the normalisation of economic and social activity, indicating that the pandemic's impact on economic activity had eased to some extent. - FY2023-Q2MitigatedAnnual report
「In Japan, although the seventh wave of COVID-19 arrived during the summer, the risk of severe illness gradually declined, partly due to progress in vaccinations, and the impact on economic activity diminished.」
The company stated that although the seventh wave arrived, the risk of severe illness and the impact on economic activity declined as vaccinations progressed, among other factors, indicating that the impact of COVID-19 risk had eased to some extent. - FY2023-Q1RestatedAnnual report
「During the first-quarter consolidated cumulative period, the global economy showed signs of a gradual recovery as major Western countries made progress in balancing infection-control measures with economic activity in response to the prolonged COVID-19 pandemic.」
Although the COVID-19 pandemic continued for an extended period, major Western countries made progress in balancing infection-control measures with economic activity, and the global economy showed signs of a gradual recovery, according to the company. - FY2022MitigatedAnnual report
「During the consolidated fiscal year, the global economy recovered to some extent as the spread of vaccines, mainly in developed countries, led to the easing of restrictions on activity related to COVID-19. However, infections continued to resurge in some regions, and disruptions to logistics and supply chains were also observed in some areas.」
The company reported some economic recovery as vaccines became more widely available and restrictions on activity were eased, while resurgent infections and disruptions to logistics and supply chains persisted. - FY2022-Q3MitigatedAnnual report
「The Group's domestic and overseas sales activities during the third-quarter consolidated cumulative period were affected by the economic downturn caused by COVID-19, and revenue remained sluggish through the second-quarter consolidated cumulative period. However, near-term demand entered a recovery trend during the third-quarter consolidated accounting period.」
The impact of the economic downturn caused by COVID-19 continued through the second quarter, while near-term demand entered a recovery trend during the third-quarter accounting period, according to the company. - FY2022-Q2RestatedAnnual report
「The Group's domestic and overseas sales activities during the second-quarter consolidated cumulative period remained sluggish, and revenue was affected by the economic downturn caused by COVID-19, but signs emerged that demand in the immediate term had bottomed out.」
The company stated that the economic downturn caused by COVID-19 continued to affect domestic and overseas sales activities and revenue, while signs emerged that near-term demand had bottomed out. - FY2022-Q1RestatedAnnual report
「Domestic and overseas sales activities during the first-quarter consolidated cumulative period remained somewhat sluggish due to the impact of the economic downturn caused by COVID-19.」
The company stated that the economic downturn caused by COVID-19 continued to affect domestic and overseas sales activities during the quarter. - FY2021MaterialisedAnnual report
「By market segment, in the land-based business, the postponement of capital investment plans and construction delays on certain projects for buildings and factories in Japan, a decline in new district heating and cooling plants in the Tokyo metropolitan area, and the postponement of building maintenance due to COVID-19 became factors contributing to lower revenue. In the marine business, although the company was affected by stagnation in new orders due to COVID-19 and slower construction to even out shipyard operating hours, the marine business as a whole performed steadily because of unplanned orders for marine exhaust-gas valves.」
The company states that the effects of COVID-19, including postponed capital investment, construction delays, stagnant orders and slower construction, actually occurred in multiple markets. - FY2021-Q3First statedAnnual report
「However, during the third-quarter consolidated accounting period, signs emerged in the marine business of stagnation in new orders due to the impact of COVID-19 and a trend toward slower construction, meaning that construction periods were extended beyond the original delivery deadlines to even out shipyard operating hours. We expect this trend to continue for the time being.」
In the marine business, stagnation in new orders and a trend toward slower construction have emerged in practice and are expected to continue for the time being.