Construction Delays and Declining Demand Due to COVID-19
First written in FY2020. 6 of 17 entries say "Restated". Latest entry: FY2026.
Kimura Kohki moved to the "Worse" side of this theme in 2026, 6 years after the typical company in this theme (2020).
The whole theme swung hardest in 2024: 7 of 30 companies on the "Worse" side.
4 other companies' latest entry also says "Softened".
- FY2026SoftenedAnnual report
「The spread of an infectious disease such as COVID-19 could disrupt the Company's operations because of difficulties in securing personnel, disruptions in the supply chain for raw materials and other items, and other measures taken to contain the spread of infection.」
The risk is framed as a general infectious disease risk rather than the current business impact of COVID-19, reducing the prominence of COVID-19-specific effects. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter, Japan's economy was on a gradual recovery trend, as economic activity normalised following the COVID-19 pandemic and capital investment and personal consumption showed signs of recovery.」
It reconfirms that economic activity is normalising following the COVID-19 pandemic and that capital investment and personal consumption are recovering. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter, the Japanese economy saw a recovery in demand for capital investment aimed at strengthening domestic production capacity amid the normalization of economic activity following the reclassification of COVID-19 as a Class 5 infectious disease and the review of supply chains.」
The transition of COVID-19 to Category 5 and the normalisation of economic activity have progressed, reconfirming that the prominence of the pandemic's impact on the business has diminished. - FY2024-Q1SoftenedAnnual report
「During the cumulative first quarter, the Japanese economy saw a recovery in demand for capital investment as economic activity normalized following the reclassification of COVID-19 as a Class 5 infectious disease and production capacity returned to Japan.」
The transition of COVID-19 to Category 5 under Japan's infectious disease classification and the normalisation of economic activity are explicitly stated, further reducing the prominence of business impacts from the spread of infection and restrictions on activities. - FY2023SoftenedAnnual report
「Japan's economy has gradually moved toward normalisation of socioeconomic activity as COVID-19 has subsided, but the business environment remains uncertain because higher raw material and energy prices, supply constraints on electronic components and materials, and sharp foreign-exchange fluctuations have had a significant impact.」
COVID-19 subsiding and the normalisation of socioeconomic activity are described as factors supporting recovery, and the prominence of the pandemic's impact on the business has weakened compared with before. Procurement and foreign-exchange risks remain, however. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter, socioeconomic activity in Japan continued to normalise as restrictions on activities related to COVID-19 were eased.」
It reconfirms that restrictions on activities related to COVID-19 have been eased and socioeconomic activity is normalising. - FY2023-Q2The Seventh Wave and the Normalisation of Socioeconomic Activity CoexistingAnnual report
「During the cumulative second quarter, Japan's economy saw a sharp increase in infections during the seventh wave of COVID-19, but socioeconomic activity normalised as restrictions on activities were eased, and personal consumption showed signs of a gradual recovery.」
While the sharp increase in infections caused by the seventh wave continued, the easing of restrictions, normalisation of socioeconomic activity and gradual recovery in personal consumption were also described, indicating that infection risks and the recovery in economic activity coexisted. - FY2023-Q1Eased Restrictions on Activities and Continuing Concerns About a Resurgence of InfectionsAnnual report
「During the cumulative first quarter, restrictions on activities in Japan related to COVID-19 were eased, but uncertainty about the outlook continued because of concerns about a resurgence of infections caused by variants, supply constraints on semiconductors and other components in the supply chain, and soaring raw material and resource prices.」
While restrictions on activities in Japan were eased, concerns about a resurgence of infections caused by variants remained, and uncertainty about the outlook continued. - FY2022RestatedAnnual report
「Going forward, although the impact of COVID-19 is expected to continue, economic activity is believed to gradually return to normal.」
It reconfirms the previous view that, while the impact of COVID-19 will continue, economic activity is expected to normalise. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter, Japan's economy remained uncertain as the impact of COVID-19 persisted, but signs of recovery began to emerge as economic activity gradually resumed following progress in vaccinations and the lifting of states of emergency, along with increased economic activity overseas.」
While uncertainty due to the impact of COVID-19 continued, signs of recovery resulting from vaccinations and the resumption of economic activity were also described, reconfirming the previous situation of an ongoing impact alongside partial recovery. - FY2022-Q2Impact continues, partial recoveryAnnual report
「During the cumulative second quarter, Japan's economy remained uncertain because of the impact of COVID-19. However, conditions emerged in which some industries were expected to recover, supported by progress in vaccinations and a gradual recovery in overseas economies, particularly in Europe and the United States.」
While uncertainty due to the impact of COVID-19 continued, the Company also described some recovery supported by progress in vaccinations and a recovery in overseas economies, presenting both the ongoing impact and partial improvement. - FY2022-Q1WorsenedAnnual report
「During the cumulative first quarter, Japan's economy remained in an unpredictable situation as the spread of COVID-19 had not yet subsided and its impact on economic activity continued for an extended period. Although a full recovery in economic activity is expected as vaccination progresses, the situation remains uncertain even in light of developments in countries that are further ahead.」
The impact of COVID-19 continued for an extended period, with revenue during the cumulative first quarter down 19.3% year on year and operating profit down 37.7%. Although orders showed signs of increasing, the impact on revenue continued. - FY2021WorsenedAnnual report
「The business environment surrounding the Company was affected by restrictions on intercompany visits, interruptions and postponements of capital investment, and extensions to construction schedules due to COVID-19. …As a result, net sales for the period were ¥10,525.608 million, down 13.2% year on year, and operating profit was ¥1,399.265 million, down 26.9%.」
The impact of COVID-19 on corporate visits, capital investment and construction continued throughout the fiscal year, resulting in a 13.2% year-on-year decline in revenue and a 26.9% decline in operating profit. - FY2021-Q3WorsenedAnnual report
「The third wave of COVID-19 infections had reached levels exceeding those of the first wave, while postponements and reductions in the scale of corporate capital investment were also being seen, leaving the economy in an uncertain situation.」
The third wave of infections and postponed and downsized capital investment are described, and revenue during the cumulative third quarter declined 7.5% year on year because of COVID-19. The impact of the risk continued, while the external environment also deteriorated. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter, Japan's economy remained in a difficult situation as the impact of COVID-19 continued for an extended period. Although economic activity gradually resumed and some signs of recovery emerged, the Company needs to monitor developments in corporate capital investment, as the order environment may become more challenging because of postponements and reductions in scale.」
The impact of COVID-19 has continued for an extended period, and the possibility remains that the order environment will deteriorate because of postponed and downsized capital investment. At the same time, the Company explains that the impact on quarterly revenue was limited because of the resumption of economic activity and revenue from small-scale projects. - FY2021-Q1MaterialisedAnnual report
「During the cumulative first quarter, Japan's economy was significantly constrained by the global spread of COVID-19. As a result, corporate earnings and personal consumption declined, and uncertainty about the economic outlook increased. Orders showed a slowing trend due in part to stagnation in negotiations for construction projects.」
The restriction of corporate activities due to COVID-19 and stagnation in negotiations for construction projects, together with the resulting slowdown in orders, were actually reported during the quarter. Accounting estimates were also made on the assumption that the impact would continue through the fiscal year ending March 2021. - FY2020First statedAnnual report
「From around January 2020, the COVID-19 crisis spread rapidly worldwide, affecting Japan as well, and signs of an overall economic slowdown began to emerge.」
A slowdown in orders emerged during the period, and the Company expects future effects from interruptions and delays in construction work and the downsizing and postponement of capital investment plans.