Impact of COVID-19 on Customers and the Business Environment
First written in FY2020. 5 of 15 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2026DroppedAnnual reportThis filing contains no separate description of the current impact of COVID-19 on the business and customers or the risk of prolonged effects, which had been described through the previous fiscal year.
- FY2024SoftenedAnnual report
「During the current consolidated fiscal year (1 April 2023 to 31 March 2024), Japan's economy moved toward normalisation as restrictions on activities in response to COVID-19 ended.」
The filing states that economic activity normalised as restrictions on activities in response to COVID-19 ended, indicating that the constraints on social and economic activity caused by the infection had become less significant than before. - FY2024-Q3SoftenedAnnual report
「Restrictions on activities in response to COVID-19 ended, and economic activity moved toward normalisation.」
The filing states that restrictions on activities in response to COVID-19 ended and economic activity moved toward normalisation, indicating that the constraints on social and economic activity caused by the infection had become less significant than before. - FY2024-Q1SoftenedAnnual report
「During the first quarter of the current fiscal year, Japan's economy remained on a gradual recovery trend as restrictions on activities in response to COVID-19 eased and social and economic activity moved toward normalisation.」
The filing describes the easing of restrictions on activities in response to COVID-19 and a recovery trend toward normalisation of social and economic activity, shifting from the previous description of infection-related constraints toward a reduced impact. - FY2023-Q3RestatedAnnual report
「During the first 3 quarters of the current fiscal year, restrictions on social and economic activity resulting from COVID-19 eased and efforts toward normalisation progressed, but the outlook remained uncertain.」
The Company continues to recognise that restrictions on social and economic activity due to the infection have eased and activity is moving toward normalisation, while the economic outlook remains uncertain. - FY2023-Q2WorsenedAnnual report
「During the first 2 quarters of the current fiscal year, restrictions on social and economic activity resulting from the spread of COVID-19 eased through vaccination and other measures, and efforts toward normalisation progressed. However, the emergence of the seventh wave left the outlook uncertain.」
The filing states that, in addition to the normalisation and recovery seen through the previous quarter, the emergence of the seventh wave made the outlook uncertain. - FY2023-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, Japan's economy remained in a difficult situation due to the impact of COVID-19, but signs of recovery emerged as efforts to normalise social and economic activity progressed.」
The filing states that difficult economic conditions due to COVID-19 continued, while social and economic activity was normalising and signs of recovery were emerging. - FY2022Infection impact continues; full-year decline narrowsAnnual report
「Delays in construction completion and handover due to the spread of COVID-19 and other factors have continued at some housing businesses and developers that are customers. As a result, the number of housing warranty services during the current consolidated fiscal year declined 1.9% from the previous consolidated fiscal year.」
Delays in construction completion and handover at some customers due to the spread of COVID-19 and other factors have continued, but the full-year decline in housing warranty service cases was 1.9% from the previous consolidated fiscal year. - FY2022-Q3Infection impact continues; decline in warranty services narrowsAnnual report
「Delays in construction completion and handover due to the spread of COVID-19 and other factors have continued at some housing businesses and developers that are customers. As a result, the number of housing warranty services during the first 3 quarters of the current fiscal year declined 8.1% year on year.」
Delays in construction completion and handover at some customers due to the spread of COVID-19 and other factors have continued, but the decline in housing warranty service cases narrowed from 17.9% year on year to 8.1%. - FY2022-Q2RestatedAnnual report
「Delays in construction completion and handover due to the spread of COVID-19 and other factors have continued at some housing businesses and developers. As a result, the number of housing warranty services during the second quarter of the current fiscal year declined 17.9% year on year.」
The filing states that delays in construction completion and handover at some customers due to the spread of COVID-19 and other factors have continued, leading to a decline in housing warranty service cases. - FY2022-Q1RestatedAnnual report
「Delays in construction completion and handover due to the spread of COVID-19 and other factors have continued at some housing businesses and developers. As a result, the number of housing warranty services during the first quarter of the current fiscal year declined 17.9% year on year.」
The filing states that delays in construction completion and handover at some customers due to the spread of the infection and other factors have continued, and describes their impact on the decline in housing warranty service cases. - FY2021RestatedAnnual report
「The Group assumes the occurrence of natural disasters such as earthquakes, typhoons and floods, accidents such as fires, acts of terrorism and war, and infectious disease outbreaks. We are working to avoid impacts on our business by implementing the necessary safety measures and establishing systems for confirming the safety of employees and others. However, if a large-scale natural disaster, accident or prolonged infectious disease outbreak beyond our assumptions occurs, it may affect the Group’s business performance and other matters.」
The risk of a prolonged infection affecting the business has been reorganised as a principal risk, alongside natural disasters and other events. - FY2021-Q2MitigatedAnnual report
「The impact of the spread of COVID-19 on the Group's business and other operations is limited at this time. However, if the situation becomes more serious than before, it may affect the Group's business and other operations.」
The impact of the infection is described as limited at this time, and cases of delayed construction completion and handover are declining, while the risk of an impact if the situation worsens remains. - FY2021-Q1MaterialisedAnnual report
「In the housing-related industry, which is a major business field of the Group, new housing starts remained on a declining trend. Cases of delays in construction work and handovers increased due to delays in the manufacture and distribution of housing components, visitor numbers at housing showrooms and other venues fell sharply, and sales activities to secure new orders stalled.」
The filing states that delays in construction completion and handover, a substantial decline in visits to housing showrooms and stagnation in sales activities for new orders are actually occurring in the housing-related industry as the infection spreads. - FY2020First statedAnnual report
「The Group has taken measures including promoting telework, and no event affecting business operations has occurred at this time. However, if the pandemic spreads further, housing-related businesses that are customers of the Group may experience a deterioration in cash flow due to a rapid worsening of business confidence and a decline in new construction orders, as well as delays in construction work caused by delays in the production and delivery of building and construction materials. If these risks materialise, resulting in a decline in existing business partners or an inability to win new orders, the Group's operating results and financial position may be affected.」
The filing identifies, for the first time as a separate item, the principal risks of a decline in customer orders, material delays, construction delays, worsening cash flow, a decline in business partners and difficulty securing new orders as the infection spreads, while stating that no impact on business operations has occurred at this time.