Impact of COVID-19 on Construction Demand and Production Activity
First written in FY2020. 10 of 15 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2024: 6 of 16 companies on the "Worse" side.
8 other companies' latest entry also says "Dropped".
- FY2025DroppedAnnual reportThe FY2025 risk disclosures do not identify the impact of COVID-19 on construction demand and production activity as a standalone risk.
- FY2024-Q2SoftenedAnnual report
「During the cumulative second-quarter period, social and economic activity normalized and inbound demand and other forms of demand recovered markedly following the reclassification of COVID-19 to Class 5 under Japan’s Infectious Diseases Control Law. However, concerns remain about a slowdown in the global economy against a backdrop of worldwide inflation and monetary tightening in various countries, and the outlook remains uncertain.」
The company describes the normalization of social and economic activity and the recovery in demand following the reclassification of COVID-19 to Class 5, indicating that the previous impacts of the disease are easing. At the same time, concerns about a slowdown in the global economy remain. - FY2024-Q1RestatedAnnual report
「During the cumulative first-quarter period from 1 April 2023 to 30 June 2023, the Japanese economy remained uncertain due to factors including exchange-rate fluctuations, slowing overseas economies, higher resource prices and the situation in Ukraine, although the impact of COVID-19 was easing.」
Although the company states that the impact of COVID-19 is easing, it indicates that uncertainty in the business environment, including infectious diseases, continues. - FY2023SoftenedAnnual report
「Although the impact of COVID-19 is easing, because our business often involves installation during the final process of building construction, construction delays caused by COVID-19 may still affect our business.」
The wording that the impact of COVID-19 is easing has been added, but the risks of impacts on construction delays, office building demand and signage demand continue. - FY2023-Q3RestatedAnnual report
「The timing of the end of the COVID-19 pandemic remains unknown, and we believe that the uncertain situation regarding its impact on the company will continue. We will continue to closely monitor its impact on the business environment and strive to respond appropriately.」
The company maintains its view that the timing of the end of the COVID-19 pandemic is unknown and that the uncertain situation regarding its impact on the company will continue. - FY2023-Q2RestatedAnnual report
「The timing of the end of the COVID-19 pandemic remains unknown, and we believe that the uncertain situation regarding its impact on the company will continue. We will continue to closely monitor its impact on the business environment and strive to respond appropriately.」
The company maintains its view that the timing of the end of the COVID-19 pandemic is unknown and that the uncertain situation regarding its impact on the company will continue. - FY2023-Q1RestatedAnnual report
「The timing of the end of the COVID-19 pandemic remains unknown, and we believe that the uncertain situation regarding its impact on the company will continue. We will continue to closely monitor its impact on the business environment and strive to respond appropriately.」
The company maintains its view that the timing of the end of the COVID-19 pandemic is unknown and that the uncertain situation regarding its impact on the company will continue. - FY2022WorsenedAnnual report
「In addition, if a cluster occurs within the company or the spread of infections in the Hiroshima region reaches a level requiring the company to suspend operations, production slowdowns or business constraints could arise and materially affect the company’s financial position, business performance and other matters.」
Regarding COVID-19 risks, the company explicitly identifies the possibility of suspension of operations and production slowdowns due to an internal cluster or the spread of infections in the region, in addition to the previously cited impacts on construction delays and office demand. - FY2022-Q3RestatedAnnual report
「Although nationwide urban redevelopment and other construction trends affecting the company’s business performance continue, the prolonged spread of infections has in practice led to temporary construction stoppages and postponements, revisions to capital investment plans and other developments, and the uncertain situation continues.」
The impacts of construction work stoppages and postponements, revisions to capital investment plans and other factors associated with the prolonged COVID-19 pandemic continue. - FY2022-Q1RestatedAnnual report
「Although nationwide urban redevelopment and other projects continued, construction trends affecting our business results remained unpredictable as the prolonged spread of COVID-19 resulted in construction work being temporarily suspended or postponed and capital investment plans being reviewed.」
The impacts of construction work stoppages and postponements, revisions to capital investment plans and other factors associated with the prolonged COVID-19 pandemic continue. - FY2021RestatedAnnual report
「In addition, as many companies adopted remote working under the government’s state of emergency declaration as infections spread, and as everyday life and working practices are expected to be reviewed going forward, this could affect long-term demand for office buildings and, in turn, demand for the signage business.」
The company continues to identify as risks the impacts of COVID-19 on construction delays, long-term office building demand, production slowdowns and business constraints. - FY2021-Q3RestatedAnnual report
「There have likewise been no material changes to the matters described in “Impact of COVID-19.”」
The company states that there have been no material changes from the previous fiscal year in the matters described regarding the impact of COVID-19 on construction demand and production activities. - FY2021-Q2RestatedAnnual report
「There have likewise been no material changes to the matters described in “Impact of COVID-19.”」
The company states that there have been no material changes from the previous fiscal year in the matters described regarding the impact of COVID-19 on construction demand and production activities. - FY2021-Q1RestatedAnnual report
「There have likewise been no material changes to the matters described in “Impact of COVID-19.”」
The company states that there have been no material changes from the previous fiscal year in the matters described regarding the impact of COVID-19 on construction demand and production activities. - FY2020MaterialisedAnnual report
「Because our business often involves installation during the final process of building construction, some construction sites temporarily halted work as COVID-19 spread, so there is a possibility of short-term impacts from construction delays.」
The company states that some construction sites actually temporarily halted work as COVID-19 spread. It also indicates the potential for spillover effects on future construction demand, production slowdowns and business constraints.