Impact of the COVID-19 pandemic on business activities and results
First written in FY2020. 5 of 7 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2022.
New Constructor's Network moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 119 of 169 companies on the "Worse" side.
45 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The spread of COVID-19 has created an uncertain outlook for the business environment surrounding our group.」
It continued to state that, as the epidemic has not subsided, business activities may be suspended or fail to progress as planned. - FY2022-Q2MaterialisedAnnual report
「During the second quarter, construction-site progress was delayed by the continued issuance of declarations of a state of emergency and the emergence of timber shortages and price increases, known as the wood shock. However, we maintained a stable supply of timber, and shipments using the SE Construction Method totalled 716 projects, broadly in line with plan and down 6.4% year on year.」
In addition to the continued declarations of a state of emergency, timber shortages and price increases delayed progress at construction sites. It states that shipments were broadly in line with plan because of the stable supply of timber. - FY2022-Q1MaterialisedAnnual report
「Although we were affected by the declaration of a state of emergency and the wood shock, we minimised delivery delays by maintaining a stable supply of timber. Shipments using the SE Construction Method totalled 344 projects, down 2.8% year on year.」
It states that declarations of a state of emergency due to COVID-19 affected the business environment, but that delivery delays in the housing sector were minimised. - FY2021MaterialisedAnnual report
「Loss related to event cancellations This represents losses arising from the cancellation of various events and other measures taken to prevent the spread of COVID-19.」
Event cancellations due to the spread of COVID-19 continued, resulting in the recognition of an extraordinary loss of ¥10 million. - FY2021-Q3MaterialisedAnnual report
「The outlook remains uncertain due to the impact of COVID-19, including the cancellation of scheduled seminars and restrictions on sales activities.」
The cancellation of events and restrictions on sales activities due to COVID-19 continued into the third quarter. A ¥10 million loss related to event cancellations was recorded as an extraordinary loss in the quarterly consolidated income statement. - FY2021-Q1MaterialisedAnnual report
「The outlook remains uncertain due to the impact of COVID-19, including the cancellation of scheduled seminars and restrictions on sales activities.」
The cancellation of seminars and restrictions on sales activities due to COVID-19 actually occurred. A ¥10 million loss related to event cancellations was also recorded in the quarterly consolidated income statement. - FY2020First statedAnnual report
「The global spread of COVID-19 has created an uncertain outlook for the business environment surrounding our group. If the spread of the infection leads to lockdowns, restrictions on going out or similar measures, our group's business activities may be temporarily suspended or fail to progress as planned.」
It identified the uncertainty in the business environment caused by the outbreak of COVID-19 as a new risk. However, the impact on the consolidated fiscal year was judged to be immaterial.