Impact of COVID-19 on Orders, Supply, Demand and Business Performance
First written in FY2020. 7 of 12 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2023SoftenedAnnual report
「The group will continue to implement infection-control measures in accordance with guidelines issued by the government, the Ministry of the Environment and other authorities. However, if another spread of infections were to result in prolonged reductions in sales activities and orders, delays in the delivery of equipment and other items for construction projects due to supply chain instability, and associated construction delays, this could affect the group's business performance, financial condition and other matters.」
The company describes the impact of COVID-19 not as an ongoing event, but as a conditional risk that could become apparent if infections spread again. - FY2023-Q3RestatedAnnual report
「Although the Japanese economy during the cumulative first nine months of the current consolidated fiscal year continued to be affected by COVID-19,」
The company continues to recognize that the impact of COVID-19 is ongoing. - FY2023-Q1RestatedAnnual report
「The company is concerned about the arrival of the seventh wave of COVID-19 infections.」
The company continues to recognize that the renewed spread of COVID-19 and its impact on the order environment and economic activity are uncertain. - FY2022RestatedAnnual report
「However, the company has been unable to forecast when the COVID-19 pandemic will end because of the sixth wave of infections caused by the highly transmissible Omicron variant and the subsequent slowing in the decline in the number of infections.」
The company continues to state that the timing of the end of the pandemic is uncertain and that reduced sales activities, delivery delays and construction delays could become prolonged. - FY2022-Q3RestatedAnnual report
「Meanwhile, the impact of the COVID-19 pandemic on order-taking activities, as well as the impact of shortages of housing construction materials and soaring raw material prices caused by the lumber shock, on new housing starts and sales profit remains uncertain.」
The company continues to recognize as uncertain the impact of COVID-19 on order-taking activities and the impact of the lumber shock through material shortages and soaring raw material prices. - FY2022-Q2RestatedAnnual report
「Meanwhile, the impact of the COVID-19 pandemic on order-taking activities, as well as the impact of shortages of housing construction materials and soaring raw material prices caused by the lumber shock, on new housing starts and sales profit remains uncertain.」
The company continues to recognize as uncertain the impact of COVID-19 on order-taking activities and the impact of the lumber shock through material shortages and soaring raw material prices. - FY2022-Q1RestatedAnnual report
「Meanwhile, the impact of the COVID-19 pandemic on order-taking activities, as well as the impact of shortages of housing construction materials and soaring raw material prices caused by the lumber shock, on new housing starts and sales profit remains uncertain.」
The company continues to identify the impact of COVID-19 on order-taking activities as an uncertain business factor. - FY2021WorsenedAnnual report
「The company is concerned about a downturn in business performance due to lower orders caused by reduced sales activities, delays in the delivery of equipment and other items for construction projects caused by supply chain instability, postponed handovers due to the resulting delays and the lumber shock, and a temporary decline in purchasing appetite due to lower consumer income and other factors.」
In addition to reduced sales activities and orders and delivery delays caused by the infection, the company identified the lumber shock as a new factor that could postpone handovers, broadening the scope of the risks disclosed. - FY2021-Q3RestatedAnnual report
「Because the group was unable to conduct active sales activities while the state of emergency declared by the government in April 2020 due to the spread of COVID-19 was in effect, the value of order contracts in April and May of the first quarter of the current consolidated fiscal year fell well below the level recorded in the same period of the previous year. However, sales activities returned to normal from June, and the order level recovered to above the level of the same period of the previous year.」
The company continued to describe the pattern of an actual impact from the state of emergency, with the value of order contracts in April and May falling substantially below the previous-year level, followed by a recovery in the order level to above the level of the same period of the previous year from June onward. - FY2021-Q2MitigatedAnnual report
「Because the group was unable to conduct active sales activities while the government-declared state of emergency related to COVID-19 was in effect, the value of order contracts in April and May of the cumulative first six months of the current consolidated fiscal year fell well below the level recorded in the same period of the previous year. However, sales activities returned to normal from June, and the level of orders recovered to above the level of the same period of the previous year.」
Although the state of emergency resulted in the value of order contracts in April and May falling substantially below the previous-year level, the company stated that the order level recovered to above the level of the same period of the previous year after sales activities resumed in June. - FY2021-Q1MaterialisedAnnual report
「The state of emergency declarations in April and May made normal business activities impossible, significantly affecting the real estate industry and heightening concern over the business.」
Regarding the COVID-19 risks anticipated in the previous fiscal year, including reduced sales activities, the company described the actual impact of being unable to conduct normal sales activities due to the state of emergency. - FY2020First statedAnnual report
「The company expects a decline in orders due to reduced sales activities, delays in the delivery of equipment and other items for construction projects caused by supply chain instability, resulting in postponed handovers, and a temporary decline in purchasing appetite due to lower consumer income and other factors. Business performance is expected to deteriorate in the following consolidated fiscal year.」
For the first time, the company organized the specific risks posed by COVID-19, including lower orders due to reduced sales activities, postponed handovers due to delays in equipment deliveries, and weaker purchasing appetite due to lower incomes. As of the filing date, it stated that lower orders and other effects of reduced sales activities had already occurred, while the impact on performance for the current period was minor.