Risks to Housing Demand, Operations and Business Performance from the Spread of COVID-19
First written in FY2021-Q1. 5 of 8 entries say "Restated". Latest entry: FY2023.
Wood One moved to the "Worse" side of this theme in 2022, 2 years after the typical company in this theme (2020).
The whole theme swung hardest in 2024: 6 of 27 companies on the "Worse" side.
3 other companies' latest entry also says "Softened".
- FY2023SoftenedAnnual report
「Although COVID-19 was reclassified as a Category V infectious disease in May 2023, a renewed spread of infections could cause economic activity to stagnate and affect the Group's financial position and operating results.」
Although the legal classification of COVID-19 was changed to Category V, the risk of economic activity stagnating in the event of a renewed spread remains. - FY2023-Q3RestatedAnnual report
「In the overseas business, production at the New Zealand subsidiary was constrained by the spread of COVID-19 in the country and labor shortages, in addition to disruptions in ocean transport and other factors. However, sales increased partly because of the effect of revisions to selling prices.」
Although production constraints caused by the spread of COVID-19 and labor shortages continued at the New Zealand subsidiary, sales increased as a result of revised selling prices. - FY2022-Q3MaterialisedAnnual report
「Local COVID-19 countermeasures were strengthened in August, forcing the factory to suspend production for approximately 2 weeks, but production resumed on 3 September.」
The New Zealand subsidiary actually suspended production for approximately 2 weeks due to strengthened infection-control measures, but resumed production on 3 September. - FY2022-Q2RestatedAnnual report
「The impact of the spread of COVID-19 during the current second-quarter cumulative consolidated period is described in “2. Management's Discussion and Analysis of Financial Position, Operating Results and Cash Flows, (1) Overview of Operating Results for the Current Period.” Depending on developments going forward, it may affect the Group's financial position, operating results, and other matters.」
The company continues to recognize the possibility that future developments in the course of COVID-19 may affect its financial position and operating results. - FY2022-Q1RestatedAnnual report
「The impact of the spread of COVID-19 during the current first-quarter cumulative consolidated period is described in “2. Management's Discussion and Analysis of Financial Position, Operating Results and Cash Flows, (1) Overview of Operating Results for the Current Period.” Depending on developments going forward, it may affect the Group's financial position, operating results, and other matters.」
The company continues to recognize the impact of COVID-19 and the possibility that future developments may affect its financial position and operating results. - FY2021-Q3RestatedAnnual report
「Starts of owner-occupied homes and built-for-sale detached homes, the Group's main sales areas, also decreased from the same period of the previous year. Orders received by housing companies had been recovering since around August 2020, but the spread of infections believed to represent a third wave from November onward has made the extent of the future downturn in the domestic housing market and the timing of a further recovery uncertain. Depending on the spread of COVID-19, the subsidiaries in each country may again face operating restrictions and other measures.」
The company continues to recognize the decline in housing starts caused by COVID-19, uncertainty over the timing of a recovery in the domestic market, and the possibility of renewed operating restrictions at overseas subsidiaries. - FY2021-Q2RestatedAnnual report
「In the housing industry, the number of new housing starts declined partly because of the spread of COVID-19, and starts of owner-occupied homes and built-for-sale detached homes, the Group's main sales areas, also decreased from the same period of the previous year. Orders received by housing companies have been recovering since August, but the extent of the future downturn in the domestic housing market and the timing of a further recovery remain uncertain. Depending on the spread of COVID-19, the subsidiaries in each country may again be subject to operating restrictions.」
The company continues to recognize the decline in housing starts and uncertainty in the domestic market caused by COVID-19, as well as the possibility of renewed operating restrictions at overseas subsidiaries. - FY2021-Q1First statedAnnual report
「In the housing industry, the number of new housing starts declined partly because of the spread of COVID-19, and starts of owner-occupied homes and built-for-sale detached homes, the Group's main sales areas, also decreased from the same period of the previous year. The extent of the future downturn in the domestic housing market and the timing of its recovery remain uncertain. The overseas subsidiaries temporarily suspended production at the request of the governments of their respective countries, but the New Zealand subsidiary resumed production on 28 April 2020 and the Philippine subsidiary gradually resumed production from 16 May 2020; both are currently operating normally. Depending on the spread of the infection in each country, operations may again be subject to restrictions, and the impact on consolidated earnings remains uncertain.」
The spread of COVID-19 actually resulted in fewer housing starts, delays in construction and topping-out work at building sites, and temporary production suspensions at overseas subsidiaries. Although production has resumed, the possibility of renewed operating restrictions and the timing of a recovery in the domestic housing market remain uncertain.