Decline in Customer Visits, Construction Delays and Performance Impact Due to COVID-19
First written in FY2020. 4 of 11 entries say "Softened", first in FY2023. Latest entry: FY2024.
Amg Holdings moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
4 other companies' latest entry also says "Softened".
- FY2024SoftenedAnnual report
「During the fiscal year, Japan's economy continued on a gradual recovery trend as social and economic activity normalized from the COVID-19 pandemic, supported by the recovery in inbound demand and improvements in the employment environment.」
The description has changed from constraints on social and economic activity caused by the COVID-19 pandemic to normalization, recovery in inbound demand and improvements in the employment environment. - FY2024-Q3SoftenedAnnual report
「During the cumulative third quarter, Japan's economy continued on a gradual recovery trend as social and economic activity normalized from the COVID-19 pandemic, supported by the recovery in inbound demand and improvements in the employment environment.」
Social and economic activity is normalizing from the COVID-19 pandemic, and recovery in inbound demand and improvements in the employment environment are also noted. The wording further eases the previously stated constraints on economic activity caused by the infection. - FY2024-Q1SoftenedAnnual report
「During the cumulative first quarter, Japan's economy continued on a gradual recovery trend as social and economic activity normalized from the COVID-19 pandemic.」
The description has changed from a focus on conditions including restrictions on movement related to COVID-19 to stating that social and economic activity is normalizing and the economy is recovering. - FY2023SoftenedAnnual report
「During the fiscal year, Japan's economy saw restrictions on movement related to COVID-19 gradually eased, and social and economic activity began to return to normal.」
The description has changed to state that restrictions on movement related to COVID-19 have been gradually eased and that social and economic activity is beginning to return to normal. At the same time, the infection continues to be cited as a risk factor, including the risk of process delays. - FY2023-Q1RestatedAnnual report
「In addition, factors such as the continued implementation of infection-control measures related to COVID-19, the situation in Ukraine, utility costs and prices associated with the weaker yen, and concerns over rising interest rates may affect consumer sentiment.」
The company continues to state that the ongoing implementation of infection-control measures related to COVID-19 and the situation in Ukraine could affect consumer sentiment. - FY2022-Q3RestatedAnnual report
「Demand for newly built detached homes remains firm, but the outlook remains uncertain due to concerns about a resurgence of COVID-19, price increases and construction delays caused by shortages of products and materials, and other factors.」
While describing demand for built-for-sale detached homes as firm, the company cites concerns about a resurgence of COVID-19, price increases caused by shortages of products and materials, and construction delays, and continues to characterize the outlook as uncertain. - FY2022-Q2WorsenedAnnual report
「Demand for newly built detached homes remains firm, but the outlook remains uncertain due to concerns about a resurgence of COVID-19, price increases and construction delays caused by shortages of products and materials, and other factors.」
While describing demand for built-for-sale detached homes as firm, the company cites concerns about a resurgence of COVID-19, price increases caused by shortages of products and materials, and construction delays, and continues to characterize the outlook as uncertain. - FY2021-Q3WorsenedAnnual report
「After the state of emergency issued in April 2020 was lifted, conditions gradually recovered and sales progressed as initially scheduled. However, a state of emergency was reissued in Aichi and Gifu prefectures in January 2021, making the outlook uncertain.」
In addition to stating that customer visits and sales recovered after the state of emergency was lifted, the company states that the reissuance of the state of emergency in Aichi and Gifu prefectures has made the outlook uncertain. - FY2021-Q2RestatedAnnual report
「With the spread of COVID-19, customer visits were forced to decline substantially as a result of reduced business hours, voluntary suspension of sales visits and work-from-home arrangements, among other measures. However, visits have gradually begun to recover since the state of emergency was lifted.」
The company continues to describe the substantial decline in customer visits caused by reduced business hours, voluntary suspension of sales visits and work-from-home arrangements in response to the spread of the infection, as well as the gradual recovery after the state of emergency was lifted. - FY2021-Q1MaterialisedAnnual report
「With the spread of COVID-19, customer visits were forced to decline substantially as a result of reduced business hours, voluntary suspension of sales visits and work-from-home arrangements, among other measures. However, visits have gradually begun to recover since the state of emergency was lifted.」
The company implemented measures including reduced business hours, voluntary suspension of sales visits and work-from-home arrangements due to COVID-19, and customer visits actually declined substantially. It also states that visits have gradually begun to recover since the state of emergency was lifted. - FY2020MaterialisedAnnual report
「In the condominium development business, revenue is recognized when properties are handed over to customers rather than when sales contracts are executed. Accordingly, if the spread of COVID-19 causes delays in construction or handovers, revenue may not be recognized, potentially affecting the performance of the Group.」
The company states that customer visits declined substantially from April onward due to the spread of COVID-19. It identifies the impact on performance through delays in construction and handovers as a new risk.