Impact of COVID-19 on Construction Demand and Business Activities
First written in FY2020. 9 of 14 entries say "Restated". Latest entry: FY2024-Q2.
The whole theme swung hardest in 2024: 6 of 14 companies on the "Worse" side.
4 other companies' latest entry also says "Mitigated".
- FY2024-Q2MitigatedAnnual report
「During the first six months of the current fiscal year, Japan's economy gradually moved toward normalization of economic activity as COVID-19 was reclassified as a Class 5 disease.」
The company indicates that economic activity has moved toward normalization following the reclassification of COVID-19 as a Class 5 disease, and that the impact of the disease on business activities has relatively diminished. - FY2024-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there have been no new occurrences or significant changes in business and other risks, including COVID-19. - FY2023SoftenedAnnual report
「The impact of the spread of COVID-19 involves many uncertainties, and if circumstances change going forward, this could affect accounting estimates for the fiscal year following the next consolidated fiscal year and thereafter.」
Regarding the impact of COVID-19, the company assumes that the impact will continue for a certain period for accounting purposes, but that its impact on business activities will be limited. The emphasis of the disclosure has therefore weakened from the previous focus on the materialization of business-impact risks. - FY2023-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company continues to state that there have been no new occurrences or significant changes in business and other risks, including COVID-19. - FY2023-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there have been no new occurrences or significant changes in business and other risks, including COVID-19. - FY2023-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there have been no new occurrences or significant changes in business and other risks, including COVID-19. - FY2022RestatedAnnual report
「However, construction work was suspended or postponed in some areas due to the impact of shortages of components and other factors, and a full-scale recovery was not achieved.」
While housing starts had begun to trend upward, construction suspensions and postponements caused by component shortages occurred, and the company indicated that a full-scale recovery had not been achieved. - FY2022-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there have been no new occurrences or significant changes in business and other risks, including COVID-19. - FY2022-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there have been no new occurrences or significant changes in business and other risks, including COVID-19. - FY2022-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there have been no new occurrences or significant changes in business and other risks, including COVID-19. In terms of performance, it describes signs of recovery compared with the construction suspensions and delays of the previous year. - FY2021-Q3RestatedAnnual report
「During the first nine months of the current fiscal year, revenue declined due to the impact of construction-site suspensions and delays caused by the spread of COVID-19, as well as a decline in new housing starts.」
Construction-site suspensions and delays caused by COVID-19 continued to occur and, together with the decline in new housing starts, became factors behind the revenue decrease. - FY2021-Q2MaterialisedAnnual report
「During the first six months of the current fiscal year, revenue declined due to the impact of construction-site suspensions and delays caused by the spread of COVID-19, as well as a decline in new housing starts.」
Construction-site suspensions and delays caused by COVID-19 continued to occur and, together with the decline in new housing starts, became factors behind the revenue decrease. - FY2021-Q1MaterialisedAnnual report
「During the first quarter of the current fiscal year, revenue declined due to the impact of construction-site suspensions and delays caused by the spread of COVID-19, as well as a decline in new housing starts. Consolidated revenue for our group was ¥8,794 million, a decrease of ¥525 million, or 5.6%, from the same quarter of the previous year.」
Construction-site suspensions and delays caused by COVID-19, which had been described as a possibility in the previous fiscal year, actually occurred and, together with the decline in new housing starts, became factors behind the revenue decrease. - FY2020First statedAnnual report
「In the construction industry, which is related to the business of our group, an economic downturn caused by COVID-19 could reduce residential construction and investment in building equipment, potentially affecting the performance of our group. In addition, in mid-April 2020, it was reported that, in response to the government's declaration of a state of emergency, some construction companies would suspend construction work nationwide until early May 2020. If construction work were to stagnate as such suspensions and other developments, along with delays caused by shortages of construction materials, spread across the country, this could affect the performance of our group.」
COVID-19 was described for the first time as a standalone risk, with potential impacts on performance from lower residential construction and equipment investment, construction suspensions and delays, and shortages of construction materials. While the impact on performance for the current fiscal year is described as minor, the economic impact going forward is considered difficult to predict.