Downside Risk to Domestic and Overseas Economies from COVID-19
First written in FY2020-Q2. 9 of 16 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2019: 15 of 41 companies on the "Worse" side.
1 other company's latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「The company recognized that COVID-19, which had thrown the world into turmoil since spring 2020, had been completely brought under control.」
The company’s assessment changed to reflect that the current business impact of COVID-19 had subsided. However, it stated that the possibility of mutated or novel viruses, supply-chain disruptions and construction delays remained. - FY2024-Q2RestatedAnnual report
「During the first six months of the fiscal year, there were no newly emerging business or other risks. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company stated that there were no new business or other risks, or material changes, related to the impact of COVID-19 on its business. - FY2024-Q1RestatedAnnual report
「During the first quarter of the fiscal year, there were no newly emerging business or other risks. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company stated that there were no new business or other risks, or material changes, related to the impact of COVID-19 on its business. - FY2023-Q3RestatedAnnual report
「Regarding the impact of COVID-19 on our business, we will continue to closely monitor developments.」
The company reconfirmed its stance of continuing to closely monitor the impact of COVID-19 on its business. - FY2023-Q2MitigatedAnnual report
「During the cumulative second quarter of the fiscal year (from 1 October 2022 to 31 March 2023), Japan's economy showed signs of improvement across economic activity, including private consumption and capital investment, as restrictions were eased with the decline in COVID-19 infections, but」
The decline in COVID-19 infections and the easing of restrictions led to signs of improvement across economic activity, including private consumption and capital investment. The company will continue to closely monitor the impact on its business. - FY2023-Q1MitigatedAnnual report
「Regarding the impact of the spread of COVID-19 on business performance, we were concerned that construction schedules could be affected, for example by clusters occurring mainly at maintenance work sites, resulting in delays in the timing of sales recognition. However, no such material event occurred during the cumulative first quarter of the fiscal year, and there was no significant impact.」
No material event, such as a cluster occurring during maintenance work, occurred during the quarter, and there was no significant impact on business performance. However, the possibility of impacts from schedule changes and access restrictions remains. - FY2022-Q3RestatedAnnual report
「Regarding the impact of COVID-19 on our business, we will continue to closely monitor developments.」
The company reconfirmed its policy of continuing to closely monitor the impact of COVID-19 on its business. - FY2022-Q2RestatedAnnual report
「Regarding the impact of COVID-19 on our business, we will continue to closely monitor developments.」
The company reconfirmed its policy of continuing to closely monitor the impact of COVID-19 on its business. - FY2022-Q1RestatedAnnual report
「The impact of the spread of COVID-19 on business performance is expected to emerge mainly in maintenance work. Given the nature of the business, it is highly unlikely that the work itself will disappear, but performance could be negatively affected if changes to construction schedules defer the timing of sales recognition, or if restrictions or limitations on access to customer worksites to prevent the spread of infection reduce work efficiency and worsen profitability for some customers.」
The company continued to describe the possibility that COVID-19 could delay maintenance work schedules and restrict access to worksites, worsening work efficiency and profitability. - FY2021MaterialisedAnnual report
「However, our overseas transactions have been affected to some extent, particularly in sales activities. Specific examples include the impact on order plans from delays to new plant construction projects in overseas areas where infections are spreading, and lost order opportunities because the dispatch of maintenance engineers to overseas power plants was put on hold.」
The actual impact of COVID-19 included delays to new overseas plant projects, the suspension of engineer dispatches and lost order opportunities. - FY2021-Q3RestatedAnnual report
「The impact of the spread of COVID-19 on business performance is expected to emerge mainly in maintenance work. Given the nature of the business, it is highly unlikely that the work itself will disappear, but performance could be negatively affected if changes to construction schedules defer the timing of sales recognition, or if restrictions or limitations on access to customer worksites to prevent the spread of infection reduce work efficiency and worsen profitability for some customers.」
The company continued to indicate that COVID-19 could delay maintenance work schedules and restrict access to worksites, worsening work efficiency and profitability. - FY2021-Q2RestatedAnnual report
「The impact of the spread of COVID-19 on business performance is expected to emerge mainly in maintenance work. Given the nature of the business, it is highly unlikely that the work itself will disappear, but performance could be negatively affected if changes to construction schedules defer the timing of sales recognition, or if restrictions or limitations on access to customer worksites to prevent the spread of infection reduce work efficiency and worsen profitability for some customers.」
The company continued to indicate that COVID-19 could delay maintenance work schedules and restrict access to worksites, worsening work efficiency and profitability. While stating that there were no new business or other risks, it said that the impact would be closely monitored. - FY2021-Q1WorsenedAnnual report
「The impact of the spread of COVID-19 on business performance is expected to emerge mainly in maintenance work. Given the nature of the business, it is highly unlikely that the work itself will disappear, but performance could be negatively affected if changes to construction schedules defer the timing of sales recognition, or if restrictions or limitations on access to customer worksites to prevent the spread of infection reduce work efficiency and worsen profitability for some customers.」
The company specified that COVID-19 could cause delays in maintenance work schedules and restrictions or limitations on access to customer worksites, resulting in delays in sales recognition and deterioration in work efficiency and profitability. The actual impact on business performance was described as a possibility. - FY2020MitigatedAnnual report
「Our group has reached this point without experiencing any material impact on business operations by implementing measures to contain the spread of infection throughout the group at an early stage.」
The company explained that early measures in response to COVID-19 had avoided any material impact on business operations. However, future risks from the spread of infection and its impact on business partners remain. - FY2020-Q3RestatedAnnual report
「During the first nine months of the fiscal year (from 1 October 2019 to 30 June 2020), Japan's economy had continued on a moderate recovery trend, despite the need to remain mindful of the effects of uncertainty in overseas economies, including the Chinese economy and the outcome of the UK's withdrawal from the EU, against a backdrop of improving corporate earnings and employment conditions. However, the situation changed completely as a result of COVID-19, and the domestic and overseas economies became subject to significant downside risk.」
We reconfirmed the downside risk to the domestic and overseas economies from COVID-19 and the reversal from the previous recovery trend. - FY2020-Q2First statedAnnual report
「However, the situation has changed completely as a result of the impact of COVID-19, and we are now in a position where close attention must be paid to downside risks to the domestic and overseas economies.」
The previously gradual recovery trend has given way to the newly identified downside risk to the domestic and overseas economies from COVID-19.