Decline in Housing Demand and Restrictions on Business Activities Due to COVID-19
First written in FY2021-Q1. 4 of 12 entries say "Restated". Latest entry: FY2024-Q3.
Takara Standard moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
0 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「During the nine-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
States that there have been no new developments or material changes concerning the risk of declining housing demand and restrictions on sales activities due to COVID-19. - FY2024-Q1RestatedAnnual report
「During the three-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
States that there have been no new developments or material changes concerning the risk of declining housing demand and restrictions on sales activities due to COVID-19. - FY2023-Q3MitigatedAnnual report
「During the nine months ended the third quarter of the consolidated fiscal year, the Japanese economy showed signs of recovery, mainly in personal consumption, as social activity recovered from the effects of COVID-19. However, the outlook remained uncertain due to the prolonged surge in resource and energy prices and the slowdown in overseas economies.」
The disclosure describes the recovery of social activity from the COVID-19 crisis and a rebound in personal consumption. The impact of infection-related declines in housing demand and restrictions on sales activities has eased from the severe conditions of the previous fiscal year, although the outlook remains uncertain. - FY2023-Q2MitigatedAnnual report
「During the six months ended the second quarter of the consolidated fiscal year, the Japanese economy showed signs of recovery, mainly in personal consumption, as social activity recovered from the effects of COVID-19. However, the outlook remained uncertain due to the prolonged surge in resource and energy prices and rapid yen depreciation.」
The disclosure describes the recovery of social activity from the COVID-19 crisis and a rebound in personal consumption. The impact of infection-related declines in housing demand and restrictions on sales activities has eased from the severe conditions of the previous fiscal year, although the outlook remains uncertain. - FY2023-Q1WorsenedAnnual report
「During the six months ended the first quarter of the consolidated fiscal year, the Japanese economy showed signs of recovery, mainly in personal consumption, as social and economic activity normalized. However, the outlook remained uncertain due to surging resource and energy prices, rapid yen depreciation and the recent resurgence of COVID-19 infections.」
Although social activity is returning to normal, the disclosure refers to a renewed spread of COVID-19, again emphasizing infection-related risks compared with the assessment at the end of the previous fiscal year that the impact was limited. - FY2022ReframedAnnual report
「At present, although the infection has a certain impact on forecasts of future business conditions and other factors, we have determined that its impact on business activities is limited and that it will not have a material impact going forward.」
The disclosure has shifted from describing past sales restrictions and supply delays caused by the infection to assessing the impact for the current period as limited, while retaining the possibility of economic deterioration, factory shutdowns and supply delays during a renewed spread of infection as risks. - FY2022-Q3WorsenedAnnual report
「During the nine months ended the third quarter of the consolidated fiscal year, the Japanese economy showed signs of recovery as economic activity resumed following progress in COVID-19 vaccinations and the lifting of the state of emergency in October. However, the timing of the end of the pandemic remained unforeseeable, with infections from a new variant spreading rapidly, leaving the outlook uncertain.」
While economic activity is resuming, the disclosure cites a rapid increase in infections due to new variants and uncertainty over when COVID-19 will be contained, indicating that infection-related risks are persisting and expanding. - FY2022-Q2RestatedAnnual report
「Although the number of new infections has continued to decline and the state of emergency has been lifted, the timing of the containment of COVID-19 remains unforeseeable, and the outlook remains uncertain.」
Although infections have declined and the state of emergency has been lifted, the timing of the containment of the infection remains unforeseeable, and business-environment risks from the infection persist. - FY2022-Q1RestatedAnnual report
「During the six months ended the first quarter of the consolidated fiscal year, the Japanese economy showed signs of recovery, mainly in exports, but the outlook became uncertain as the state of emergency was reissued in April and there was still no sign that the COVID-19 pandemic was coming to an end.」
There is still no sign that the infection is coming under control, and the outlook remains uncertain. Meanwhile, housing starts and renovation demand exceeded the previous year, and quarterly performance has recovered. - FY2021-Q3MaterialisedAnnual report
「Although performance for the current third-quarter consolidated accounting period was trending toward recovery, the impact of COVID-19 through the cumulative second quarter was significant, and performance for the current cumulative third-quarter consolidated period was as follows.」
Although signs of recovery emerged in the third-quarter accounting period, the impact of COVID-19 through the cumulative second quarter was significant and was reflected as a factor behind the cumulative decline in revenue and profit. - FY2021-Q2WorsenedAnnual report
「With the global spread of COVID-19, the group implemented measures from April 2020 under the state of emergency to prevent the spread of infection, including the temporary closure of showrooms, reduced opening hours, cancellation of events such as exhibitions, and making remote work the general rule for employees. In terms of product supply, delays in supply from some overseas suppliers resulted in delayed delivery of the company’s products and suspension of order taking. The timing of the containment of COVID-19 remains uncertain, and depending on how the situation develops, the group’s results may be further affected by a prolonged slump in sales due to weaker consumer sentiment and factory shutdowns resulting from the spread of infection.」
The impact of the infection has expanded from showroom closures and sales restrictions to delays in supply from overseas suppliers, delayed deliveries and suspension of order taking. The disclosure also identifies the possibility of a prolonged sales slump and factory shutdowns, indicating a broader range of potential impacts. - FY2021-Q1First statedAnnual report
「The group continued its business while implementing measures to prevent the spread of infection, prioritizing the safety of customers, other stakeholders and employees. However, it was forced to impose significant restrictions on sales activities, including the temporary closure of showrooms nationwide for more than one month under the state of emergency and the continued cancellation of promotional events such as exhibitions.」
The global spread of COVID-19 has led to declines in housing starts and renovation demand, the temporary closure of showrooms for more than one month, and restrictions on sales activities due to the cancellation of exhibitions and other events. Additional information states that there have been no material changes to the accounting estimates and assumptions concerning the impact of the infection.