Risk of declining demand and business interruption due to COVID-19
First written in FY2020. 4 of 12 entries say "Mitigated", first in FY2022-Q3. Latest entry: FY2024-Q3.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024-Q3MitigatedAnnual report
「During the cumulative third quarter of the fiscal year, the impact of the spread of the novel coronavirus disease was subsiding, but the economic environment remained uncertain due to continued inflation and significant yen depreciation amid sharp changes in overseas conditions, including the invasion of Ukraine and growing signs of a slowdown in China's economy. However, signs that economic activity was gradually becoming more vibrant began to emerge as a result of government measures prioritizing economic activity and the recovery in inbound demand.」
Signs emerged that economic activity would become more active as the impact of COVID-19 subsided and the government's policies prioritizing economic activity and the recovery in inbound demand took effect. However, it did not state that the impact of the infection had been completely eliminated. - FY2024-Q1MitigatedAnnual report
「As COVID-19 was downgraded to Category V in May 2023 and restrictions on domestic activities and entry from overseas were eased, among other measures, social activity moved toward normalization and signs of a resumption in economic activity also emerged.」
It described a move toward the normalization and resumption of social and economic activity following the transition of COVID-19 to Category V and the easing of domestic activity restrictions and overseas entry restrictions. It did not state that the impact of the infection had been completely eliminated. - FY2023-Q2RestatedAnnual report
「Although uncertainty remains over domestic economic sentiment, current conditions are expected to benefit from more active economic activity as a result of the easing of restrictions on activities following a review of COVID-19 countermeasures.」
It reaffirmed expectations that economic activity would become more active as restrictions on activities were eased, although uncertainty over economic sentiment caused by COVID-19 remained. - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter under review, Japan's economy gradually began to recover as moves to revitalize social and economic activity emerged, although the impact of the spread of COVID-19 continued.」
It reaffirmed the view that, although the impact of COVID-19 continued, moves to revitalize social and economic activity had begun to emerge and the economy was gradually recovering. - FY2022MitigatedAnnual report
「However, although changes in overseas conditions remain difficult to predict, domestic COVID-19 countermeasures have gradually progressed, moves to stimulate economic activity have strengthened, and a path toward economic recovery has begun to emerge.」
Although the impact of the infection and uncertainty over overseas conditions remained, the document described progress in infection-control measures, the revitalization of economic activity, and a path toward economic recovery. - FY2022-Q3MitigatedAnnual report
「During the cumulative third quarter of the fiscal year, the prolonged spread of the novel coronavirus disease continued to have a substantial impact on various industries both domestically and overseas, and business sentiment remained uncertain. However, as measures against COVID-19 progressed, including vaccinations and the development of therapeutic drugs, momentum toward the gradual revitalization of economic activity strengthened, and signs of a partial path to economic recovery began to emerge.」
Although the impact of the infection on the economy continued, it states that progress in COVID-19 countermeasures had begun to point to more active economic activity and a path toward a partial economic recovery. It does not state that the impact had been eliminated. - FY2022-Q2Expectations for a pickup driven by vaccination and the easing of restrictions on activityAnnual report
「During the cumulative second quarter of the fiscal year, the Japanese economy remained weak as various restrictions continued due to the spread of the novel coronavirus disease. Although uncertainty remains in overall business sentiment, a gradual economic recovery is expected as progress in vaccinations brings benefits such as the easing of restrictions on activity.」
Although restrictions caused by COVID-19 and sluggish economic sentiment continued, expectations were expressed for an economic recovery as vaccination progressed and restrictions on activities were eased. - FY2022-Q1Partial signs of improvement amid continued weaknessAnnual report
「During the cumulative first quarter under review, Japan's economy remained sluggish as various restrictions on social and economic activity continued due to the spread of COVID-19. Although overall economic sentiment is expected to remain difficult to recover for some time, signs of improvement have begun to emerge in some industries due to external factors, including the recovery trend in overseas economic activity, and economic activity is expected to continue adapting to this environment.」
It states that restrictions on social and economic activity and sluggish economic sentiment continued amid the COVID-19 pandemic, while signs of improvement began to emerge in some industries due to factors including the recovery of overseas economies. The situation is presented as a partial recovery amid continued sluggishness, rather than the elimination of the impact. - FY2021-Q3MaterialisedAnnual report
「The small- and medium-sized project segment declined as it was affected by postponed construction and cancelled plans for hotels and commercial facilities, primarily due to a sharp decline in inbound tourism demand and a downturn in tourism-related businesses.」
The sharp decline in inbound tourism demand associated with COVID-19 and the downturn in tourism-related businesses materialized as postponed construction and cancelled plans for hotels and commercial facilities, as well as lower sales to small- and medium-sized projects. By contrast, projects for large-scale developments and logistics facilities were described as proceeding largely as planned. - FY2021-Q2Transition toward recovery and continuing impactAnnual report
「During the cumulative second quarter of the fiscal year, domestic production and consumption remained substantially weak amid the COVID-19 pandemic. However, as economic activity overseas, particularly in China, gradually began to recover, economic activity, including in export-related industries, began to move toward recovery.」
Although economic activity was said to have begun moving toward recovery, domestic production and consumption remained substantially weak, while lower sales volumes and declining market prices resulted in lower revenue and earnings. The impact of the COVID-19 pandemic on business has continued. - FY2021-Q1MaterialisedAnnual report
「During the first quarter of the current consolidated cumulative period, Japan's economy remained in an extremely difficult situation as social and economic activity rapidly stagnated amid the COVID-19 pandemic. Net sales amounted to ¥46.237 billion, down 15.5% year on year, due to lower sales volumes and declining market prices in the steel products sales business, as well as a decrease in completed construction projects in the construction contracting business.」
The continued stagnation of social and economic activity due to COVID-19 materialized as a 15.5% decline in net sales, accompanied by lower sales volumes, declining market prices and fewer completed construction projects. The business risks section also stated that there were no new risks or material changes. - FY2020First statedAnnual report
「As the impact of COVID-19 has continued for an extended period and further deterioration in the domestic and overseas economies is a concern, the business environment surrounding the company is expected to remain difficult due to the following factors: ・Delays in procurement from suppliers ・Decline in sales due to poor performance among customers, particularly export-related companies ・Suspension, delays and cancellation of construction work ・Decline in steel product market prices due to weak demand ・Increased risk of bad debts resulting from deterioration in customers' performance」
For COVID-19, the company listed procurement delays, lower sales, suspension, delays and cancellations of construction work, market-price declines, and increased bad-debt risk. Although it described the impact on performance as limited, it stated that new orders had begun to decline and that delivery and construction schedules were being delayed.