Impact of the spread of COVID-19 on housing and retail demand and economic activity
First written in FY2020. 5 of 15 entries say "Restated". Latest entry: FY2024-Q3.
Kimura moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
19 other companies' latest entry also says "Softened".
- FY2024-Q3SoftenedAnnual report
「As the transition to the post-COVID period has progressed, economic activity has moved toward normalization and signs of an economic recovery have emerged, while」
The description of the impact of COVID-19 on economic activity has changed to state that the transition to the post-COVID period and normalization of economic activity have progressed. - FY2024-Q2SoftenedAnnual report
「During the first six months of the current consolidated fiscal year, Japan's economy entered a recovery trend as economic activity normalized following the reclassification of COVID-19 as a Category 5 disease under the Infectious Diseases Control Law.」
The disclosure refers to the reclassification of COVID-19 as a Category 5 disease under the Infectious Diseases Control Law and the normalization of economic activity and recovery trend, indicating a less severe assessment of the impact than previously. - FY2024-Q1SoftenedAnnual report
「During the first quarter of the current consolidated fiscal year, Japan's economy made progress toward normalizing economic activity as restrictions imposed due to COVID-19 were eased.」
The disclosure refers to the easing of restrictions related to COVID-19 and progress toward normalizing economic activity, indicating a less severe assessment of the impact than previously. - FY2023SoftenedAnnual report
「During the current consolidated fiscal year, Japan's economy moved toward normalization as restrictions on activity imposed due to the impact of COVID-19 were eased and demand gradually recovered, while」
Although the infection continues to affect economic activity, the disclosure now refers to the easing of restrictions and recovery in demand, indicating a less severe assessment of the impact than previously. - FY2023-Q3RestatedAnnual report
「The impact of the spread of COVID-19 during the first nine months of the third quarter of the current consolidated fiscal year is described in "2. Analysis of Financial Position, Operating Results and Cash Flows by Management, (1) Financial Position and Operating Results," but depending on developments going forward, it may affect the financial position and operating results of the Group.」
The company continues to disclose the potential impact on results from the spread of COVID-19. - FY2023-Q2RestatedAnnual report
「Going forward, the impact of the spread of COVID-19 on results is expected to be limited; however, if the infection continues and spreads further, it may have a material impact on future results and other matters.」
The company continues to assess that the impact of the infection is expected to remain limited at present, while it may have a material impact on results and other matters if the infection becomes prolonged and spreads further. - FY2023-Q1RestatedAnnual report
「Going forward, the impact of the spread of COVID-19 on results is expected to be limited; however, if the infection continues and spreads further, it may have a material impact on future results and other matters.」
While continuing to disclose the potential impact on results from the infection becoming prolonged and spreading further, the company currently expects the impact to remain limited. - FY2022RestatedAnnual report
「The global spread of COVID-19 has had a significant impact on the Japanese economy. The spread of vaccinations has reduced the risk of severe illness, but the number of cases has not yet begun to decline, and uncertainty continues.」
While acknowledging that vaccinations have reduced the risk of severe illness, the company continues to identify the plateauing number of cases and the potential impact on the economy as key risks. - FY2022-Q2RestatedAnnual report
「The spread of COVID-19 may affect new housing starts and reduce net sales, but it had no material impact on results for the first six months of the current consolidated fiscal year. Going forward, the impact of the spread of COVID-19 on results is expected to be limited; however, if the infection continues and spreads further, it may have a material impact on future results and other matters.」
The company continues to disclose the potential impact of the spread of the infection, while maintaining its assessment that there was no material impact on results for the quarter and that the future impact is expected to remain limited. - FY2022-Q1MitigatedAnnual report
「The spread of COVID-19 may affect new housing starts and reduce net sales, but it had no material impact on results for the first quarter of the current consolidated fiscal year. Going forward, the impact of the spread of COVID-19 on results is expected to be limited; however, if the infection continues and spreads further, it may have a material impact on future results and other matters.」
Although the risk of the infection becoming prolonged and spreading further remains, the company states that there was no material impact on results for the quarter and expects the future impact to remain limited. - FY2021WorsenedAnnual report
「The global spread of COVID-19 has had a significant impact on the Japanese economy. With vaccination progressing more slowly than in other countries, there is still no clear prospect of containing the infection, and uncertainty about the outlook continues.」
The impact of the infection is expected to continue throughout the fiscal year and is explicitly identified as a key risk, including delays in vaccinations and the lack of a clear prospect of containment. - FY2021-Q3WorsenedAnnual report
「The impact of the spread of COVID-19 during the first nine months of the third quarter of the current consolidated fiscal year is described in "2. Analysis of Financial Position, Operating Results and Cash Flows by Management, (1) Financial Position and Operating Results," but depending on developments going forward, it may affect the financial position and operating results of the Group.」
As the impact of the prolonged spread of the infection continues to affect the housing market and scaffolding rental business, the company continues to explicitly disclose the potential impact on its financial position and operating results depending on how the situation develops. - FY2021-Q2WorsenedAnnual report
「The impact of the spread of COVID-19 during the first six months of the second quarter of the current consolidated fiscal year is described in "2. Analysis of Financial Position, Operating Results and Cash Flows by Management, (1) Financial Position and Operating Results," but depending on developments going forward, it may affect the financial position and operating results of the Group.」
The company continues to explicitly state that the ongoing impact of the spread of COVID-19 may affect its financial position and operating results depending on future developments. The effects on restrictions on economic activity and on the housing market and scaffolding rental business have also become more specific. - FY2021-Q1MaterialisedAnnual report
「The impact of the spread of COVID-19 during the first quarter of the current consolidated fiscal year is described in "2. Analysis of Financial Position, Operating Results and Cash Flows by Management, (1) Financial Position and Operating Results," but depending on developments going forward, it may affect the financial position and operating results of the Group.」
Regarding the spread of COVID-19, which first emerged as a major risk in the previous fiscal year, the current quarter's disclosure described actual impacts including a rapid slowdown in personal consumption, deterioration in housing market conditions and weak renovation demand. However, the impact on the current quarter's results was said to have been contained to a certain level. quantified is false, materialized is true. - FY2020First statedAnnual report
「The declaration of a state of emergency accompanying the spread of COVID-19 has had a significant impact on the Japanese economy. Although the timing of containment remains uncertain, the contraction in economic activity caused by calls for self-restraint continued for a certain period, making a substantial decline in corporate earnings and personal income unavoidable.」
The company identified the spread of COVID-19 and the contraction in economic activity caused by the state of emergency as new major risks and described their potential impact on housing investment, wholesale sales, personal consumption and retail sales.