Impact of the COVID-19 pandemic on businesses and projects
First written in FY2020. 5 of 11 entries say "Restated". Latest entry: FY2024-Q1.
0 other companies' latest entry also says "Mitigated".
- FY2024-Q1MitigatedAnnual report
「During the nine months ended the first quarter of the current consolidated fiscal year, the global economy showed signs of normalization as the impact of COVID-19 became limited, while」
The company states that the impact of COVID-19 has become limited and the economy is showing signs of normalization. The impact of the infectious disease on business and economic activity is indicated as becoming limited compared with the previous period. - FY2023Reduced impact of infectious diseases alongside the risk of new variantsAnnual report
「Although COVID-19 is subsiding globally, the emergence of new variants or new infectious diseases could affect the execution of the group’s engineering business.」
The disclosure indicates that COVID-19 is subsiding globally and its impact is becoming limited, while the impact of new variants and new infectious diseases on business execution remains a risk. - FY2023-Q3Expectations for normalization following China’s policy shift and concerns over the spread of infectionAnnual report
「China is expected to see economic activity normalize following its major shift away from its “zero-COVID” policy, while risks from the spread of infection are also a concern.」
The disclosure has shifted from the stagnation of consumption and production caused by China’s previous COVID-19 control measures to the coexistence of expectations for economic normalization following China’s shift away from its zero-COVID policy and the risk of infections spreading. - FY2023-Q1Stagnation caused by China’s COVID-19 control measuresAnnual report
「In addition, the stagnation of consumption and production in China caused by its COVID-19 control measures, which entail economic costs, and worsening US-China relations over Taiwan will be downside factors for the global economy.」
While normalization of economic and social activity is progressing in connection with COVID-19, the company newly identifies the stagnation of consumption and production caused by China’s COVID-19 control measures as a downside factor for the global economy. - FY2022-Q3RestatedAnnual report
「Although the environment and infrastructure business has been affected to some extent by COVID-19, capital investment in various renewable energy facilities in Japan and overseas as SDG- and ESG-related investments is expected, and the entire Group will focus on achieving the order intake target of ¥280 billion for the current fiscal year.」
Although the impact of COVID-19 on the business environment remains, investment in renewable energy and moves to resume investment plans are emerging, and the company continues to explain that it expects the order environment to improve. - FY2022-Q2Resumption of investment despite continuing impactAnnual report
「As part of the business environment for our group, customers in the plant business held back on capital investment plans last fiscal year due to the COVID-19 pandemic. In the current fiscal year, some companies have begun to resume their investment plans, and, with prices for some petrochemical products having risen, inquiries for petrochemical-related facilities are gradually increasing in Japan, India, China and elsewhere.」
Although the impact of restrained capital investment due to COVID-19 remains, companies are resuming their investment plans and inquiries for petrochemical-related facilities are increasing, indicating signs of improvement in the business environment. - FY2022-Q1RestatedAnnual report
「In the plant business, customers had been holding back on capital investment plans due to the impact of the COVID-19 pandemic and the shift in policy toward carbon neutrality. More recently, however, demand for some petrochemical products has increased globally and prices have risen, resulting in a gradual increase in inquiries for petrochemical-related facilities.」
Although customers continue to restrain capital investment because of COVID-19 and other factors, the company states that inquiries for petrochemical-related facilities are gradually increasing. - FY2021-Q3RestatedAnnual report
「In the plant solutions sector, the COVID-19 pandemic has affected customers, including through reviews of their investment plans and delays in final investment decisions.」
Customers’ reviews of investment plans and delays in final investment decisions due to the impact of COVID-19 continued into the third quarter under review. - FY2021-Q2RestatedAnnual report
「In the plant solutions sector, the COVID-19 pandemic and other factors have affected customers, including through reviews of their investment plans and delays in final investment decisions.」
Customers’ reviews of investment plans and delays in final investment decisions due to COVID-19 and other factors continued into the second quarter under review. - FY2021-Q1RestatedAnnual report
「In the plant solutions sector, the COVID-19 pandemic and other factors have affected customers, including through reviews of their investment plans and delays in final investment decisions.」
The COVID-19 issue continues to result in customers reviewing their investment plans and delaying final investment decisions. The impact on the business and orders described in the previous year continued into the first quarter under review. - FY2020First statedAnnual report
「The COVID-19 issue has delayed construction progress and had other effects on some projects held by the company, and the company has incorporated an expected increase in related costs. In addition, the decline in crude oil prices resulting from the COVID-19 issue has led customers to review or postpone their investment plans, and a certain impact on new orders is expected.」
The spread of COVID-19 has been identified as a new risk, with impacts including construction delays and higher related costs for some projects, as well as customers’ reviews and postponements of investment plans. Some projects have already been affected.