Business restrictions and demand contraction caused by COVID-19
First written in FY2020. 5 of 13 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024DroppedAnnual reportThe business and other risks and operating environment disclosures in the FY2024 filing do not identify COVID-19 as a standalone risk.
- FY2023-Q3Further extension of the outlook for the end of the outbreakAnnual report
「Although the spread of COVID-19 has caused a sharp contraction in economic activity and worsened economic conditions, the Group experienced restrictions on business activities, including requests to refrain from travel and working from home, to prevent the spread of infection, but there was no material impact on results for the third quarter of the current consolidated cumulative period. Regarding results for the current consolidated fiscal year, some construction work is expected to be postponed due to the spread of COVID-19, but the Company assumes that the impact on results is immaterial at present, based on the prospect that the outbreak will end in fiscal 2023.」
Restrictions on business activities, including requests to refrain from travel and working from home, continue, and some construction work is expected to be postponed. The outlook for the end of the outbreak was pushed back further, from fiscal 2022 previously to fiscal 2023, while the Company states that there was no material impact on results for the third quarter of the cumulative period. - FY2023-Q2RestatedAnnual report
「Although the spread of COVID-19 has caused a sharp contraction in economic activity and worsened economic conditions, the Group experienced restrictions on business activities, including requests to refrain from travel and working from home, to prevent the spread of infection, but there was no material impact on results for the second quarter of the current consolidated cumulative period.」
Although restrictions on business activities, including requests to refrain from travel and working from home, continue, the Company states that there was no material impact on results for the second quarter of the cumulative period. - FY2023-Q1RestatedAnnual report
「Although the spread of COVID-19 has caused a sharp contraction in economic activity and worsened economic conditions, the Group experienced restrictions on business activities, including requests to refrain from travel and working from home, to prevent the spread of infection, but there was no material impact on results for the first quarter of the current consolidated cumulative period.」
Although restrictions on business activities, including requests to refrain from travel and working from home, continue, the Company states that there was no material impact on first-quarter results for the current fiscal year. - FY2022Extension of the assumed timing for the end of the outbreakAnnual report
「Regarding results for the following consolidated fiscal year, some construction work is expected to be postponed due to the spread of COVID-19, but the Company assumes that the impact on results is immaterial at present, based on the prospect that the outbreak will end in fiscal 2022.」
The impact of the infection continues to be expected to manifest as postponements of some construction work, and the outlook for the end of the outbreak was pushed back from fiscal 2021 in the previous fiscal year to fiscal 2022. - FY2022-Q3RestatedAnnual report
「Although the spread of COVID-19 has caused a sharp contraction in economic activity and worsened economic conditions, the Group experienced restrictions on business activities, including requests to refrain from travel and working from home, to prevent the spread of infection, but there was no material impact on results for the third quarter of the current consolidated cumulative period.」
Although restrictions on business activities, including requests to refrain from travel and working from home, continue, the Company states that there was no material impact on results for the third quarter of the cumulative period. - FY2022-Q2RestatedAnnual report
「Although the spread of COVID-19 has caused a sharp contraction in economic activity and worsened economic conditions, the Group experienced restrictions on business activities, including requests to refrain from travel and working from home, to prevent the spread of infection, but there was no material impact on results for the second quarter of the current consolidated cumulative period.」
Although restrictions on business activities, including requests to refrain from travel and working from home, continue, the Company states that there was no material impact on results for the second quarter of the cumulative period. - FY2022-Q1RestatedAnnual report
「Although the spread of COVID-19 has caused a sharp contraction in economic activity and worsened economic conditions, the Group experienced restrictions on business activities, including requests to refrain from travel and working from home, to prevent the spread of infection, but there was no material impact on results for the first quarter of the current consolidated cumulative period.」
Although restrictions on business activities, including requests to refrain from travel and working from home, continue, the Company states that there was no material impact on first-quarter results. - FY2021MaterialisedAnnual report
「Although the spread of COVID-19 has caused a sharp contraction in economic activity and worsened economic conditions, the Group experienced restrictions on business activities, including requests to refrain from travel and working from home, to prevent the spread of infection, but there was no material impact on results for the current consolidated fiscal year. Regarding results for the following consolidated fiscal year, some construction work is expected to be postponed due to the spread of COVID-19, but the Company assumes that the impact on results is immaterial at present, based on the prospect that the outbreak will end in fiscal 2021.」
Although restrictions on business activities due to requests to refrain from travel and working from home and postponement of some construction work occurred, the Company states that there was no material impact on results for the current fiscal year. It assumes some postponements in the following fiscal year and bases its outlook on an immaterial impact. - FY2021-Q3Business continuity and recovery in construction progress amid the resurgence of infectionsAnnual report
「In Japan, emergency economic measures by the government led to signs of a gradual recovery as economic activity resumed. However, infections spread again toward year-end, becoming a factor weighing on the overall economy and creating an uncertain outlook.」
Infections spread again toward year-end and weighed on the overall economy. However, periodic maintenance work proceeded with infection-prevention measures and other precautions, and projects that had been extended were completed in the third quarter. The Company states in the business and other risks section that there were no new risks or material changes. - FY2021-Q2WorsenedAnnual report
「The impact of COVID-19 actually emerged in the temporary suspension and postponement of some construction work and the postponement of completion of a large-scale periodic maintenance project. Because the project period was extended, the large-scale periodic maintenance project scheduled for completion in the second quarter was instead scheduled for completion in the third quarter, resulting in a substantial decline in completed construction revenue compared with the second-quarter earnings forecast. In the additional information section of the previous fiscal year's annual securities report, the Company had assumed that the outbreak would end during 2020. In light of current conditions, it now assumes that the impact will continue through the current consolidated fiscal year.」
The impact of COVID-19 actually emerged as the temporary suspension and postponement of some construction work and the delayed completion of a large-scale periodic maintenance project. The assumed period of impact was changed from through 2020 to the premise that it would continue through the current consolidated fiscal year. - FY2021-Q1MaterialisedAnnual report
「Regarding the impact of COVID-19 in the first quarter, some business activities were restricted, including working from home and refraining from business travel to prevent the spread of infection, but there were no suspensions or cancellations of construction work that materially affected results. Regarding results for the current consolidated fiscal year, some construction work is expected to be postponed due to the spread of COVID-19, but the Company assumes that the impact on results is immaterial at present, based on the prospect that the outbreak will end during 2020.」
Restrictions on business activities, including working from home and refraining from business travel, and postponement of some construction work actually occurred due to COVID-19. However, there were no suspensions or cancellations of construction work that materially affected results, and the Company assumes that the impact will be immaterial. - FY2020First statedAnnual report
「The global spread of COVID-19 is expected to have a substantial impact on the economy. While there is no clear prospect of a complete end to the spread of the infection, the Group recognizes that it faces business risks including the suspension, cancellation or postponement of construction work and difficulty securing construction workers.」
The pandemic was identified as a standalone business risk for the first time. Although restrictions such as requests to refrain from travel and working from home arose as infections spread, the Company stated that there was no material impact on results for the fiscal year.