Impact of COVID-19 on construction, sales and demand
First written in FY2020. 10 of 16 entries say "Restated". Latest entry: FY2025.
1 other company's latest entry also says "Dropped".
- FY2025DroppedAnnual report
「The performance of our group may be affected by various risks, both currently and in the future, as follows.」
In this year's business and other risks, the impact of COVID-19 on construction, sales and demand is not identified as a separate theme. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period under review, there were no significant changes in the matters described in this interim report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no material changes to business and other risks, including the impact of COVID-19 on construction, sales and demand. - FY2024-Q3RestatedAnnual report
「In the real estate industry in which the Group operates, housing market conditions remained firm, supported by continued low interest rates resulting from policy support and growing interest in housing due to remote work during the COVID-19 pandemic. However, as noted above, construction costs remain high due to soaring raw material and energy prices, and the outlook remains uncertain.」
While stating that housing market conditions remain firm against the backdrop of eased or revised restrictions on economic activity caused by the pandemic and remote work, the company continues to describe elevated construction costs and uncertainty over the outlook due to higher raw material and energy prices. - FY2024-Q2RestatedAnnual report
「In the real estate industry in which the Group operates, housing market conditions remained firm, supported by continued low interest rates resulting from policy support and growing interest in housing due to remote work during the COVID-19 pandemic. However, as noted above, construction costs remain high due to soaring raw material and energy prices, and the outlook remains uncertain.」
While stating that housing market conditions remain firm against the backdrop of eased restrictions on economic activity caused by the pandemic and remote work, the company continues to describe elevated construction costs and uncertainty over the outlook due to higher raw material and energy prices. - FY2024-Q1RestatedAnnual report
「In the real estate industry in which the Group operates, housing market conditions remained firm, supported by continued low interest rates resulting from policy support and growing interest in housing due to remote work during the COVID-19 pandemic. However, as noted above, construction costs remain high due to soaring raw material and energy prices, and the outlook remains uncertain.」
While stating that housing market conditions remain firm against the backdrop of eased restrictions on economic activity caused by the pandemic, the company continues to describe elevated construction costs and uncertainty over the outlook due to higher raw material and energy prices. - FY2023RestatedAnnual report
「While restrictions on and reviews of economic activity in response to COVID-19 are progressing, global monetary tightening continues amid the prolonged situation in Ukraine, and rapid yen depreciation has caused raw material and energy prices to rise, leaving the outlook uncertain.」
While indicating an easing of restrictions on economic activity caused by the pandemic, the company continues to describe uncertainty over the outlook due to higher raw material and energy prices and other factors. - FY2023-Q3RestatedAnnual report
「During the third quarter of the current consolidated cumulative period, restrictions on economic activity related to COVID-19 were eased and reviewed, while the outlook remained uncertain due to soaring raw material prices and supply shortages caused by the rapid depreciation of the yen as global monetary tightening continued amid the prolonged situation in Ukraine.」
The company states that restrictions on and reviews of economic activity in response to COVID-19 are progressing, while uncertainty over the outlook continues. - FY2023-Q2Restrictions on economic activity caused by the pandemic easedAnnual report
「During the second quarter of the current consolidated cumulative period, restrictions on economic activity related to COVID-19 were eased and reviewed, while the outlook remained uncertain due to soaring raw material prices and supply shortages caused by the rapid depreciation of the yen as global monetary tightening continued amid the prolonged situation in Ukraine.」
The company states that restrictions on and reviews of economic activity in response to COVID-19 are progressing, while uncertainty over the outlook continues because of higher raw material prices, supply shortages and other factors. - FY2022-Q3WorsenedAnnual report
「During the third quarter of the current consolidated cumulative period, expectations for an economic recovery increased after the state of emergency declared in response to COVID-19 was lifted. However, conditions remain difficult due to the renewed spread of infections, including following the emergence of highly transmissible new variants, as well as soaring crude oil prices.」
While indicating expectations for a recovery after the lifting of the state of emergency, the company refers to a renewed spread of infections caused by new variants, and the risks to construction, sales and demand from COVID-19 continue. - FY2022-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period, constraints on social and economic activity caused by the spread of COVID-19 continued, and a full-scale resumption of economic activity had not yet been achieved. Although a recovery is expected as COVID-19 vaccinations progress, conditions remained difficult.」
The company continues to describe the difficult environment surrounding construction, sales and demand as restrictions on social and economic activity caused by COVID-19 continue. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, constraints on social and economic activity caused by the spread of COVID-19 led to deterioration in corporate earnings and the employment environment in Japan. Although a recovery is expected as COVID-19 vaccinations progress, conditions remained difficult.」
The company continues to describe the impact of COVID-19 on social and economic activity, corporate earnings and employment conditions, as well as the severe business environment. - FY2021RestatedAnnual report
「During the current consolidated fiscal year, Japan's economy has been in an extremely severe situation, as restrictions on social and economic activity caused by the spread of COVID-19 have led to deterioration in corporate earnings and employment conditions.」
The company continues to describe the impact of COVID-19 on economic activity, employment and income conditions, and consumer sentiment, as well as uncertainty over the outlook. At the same time, it describes the real estate industry as being on a gradual recovery trajectory, supported by housing demand driven by low interest rates and remote work. - FY2021-Q3WorsenedAnnual report
「During the third quarter of the current consolidated cumulative period, economic activity was temporarily constrained under the state of emergency declared to prevent the spread of COVID-19, while corporate earnings and personal consumption slowed. Although signs of a gradual recovery emerged after the state of emergency was lifted, conditions again became difficult and unpredictable as infections spread, and the outlook remains uncertain in light of future developments in infections in Japan and overseas.」
The renewed spread of COVID-19 has again highlighted difficult conditions surrounding economic activity, corporate earnings and private consumption, and the risks to construction, sales and demand from the pandemic continue. - FY2021-Q2RestatedAnnual report
「There have been no material changes to the assumptions, including those concerning the future spread and timing of containment of COVID-19, described in the section “Accounting Estimates Concerning the Impact of the Spread of COVID-19” under “Additional Information” in the securities report for the previous consolidated fiscal year.」
The company states that there have been no material changes to the assumptions underlying accounting estimates, including the future spread of COVID-19 and the timing of its containment. The severe business environment and uncertainty over the outlook caused by the pandemic continue. - FY2021-Q1WorsenedAnnual report
「During the first quarter of the current consolidated cumulative period, Japan's economic activity was constrained by requests for self-restraint and other measures accompanying the spread of COVID-19. Corporate earnings and personal consumption slowed sharply, and the outlook became extremely uncertain amid concerns over a second wave of infections.」
The company explicitly refers to restrictions on economic activity, a rapid slowdown in corporate earnings and private consumption, and concerns about a second wave of COVID-19, stating that the previously disclosed risks to construction, sales and demand are continuing and becoming more serious. - FY2020First statedAnnual report
「The spread of COVID-19 temporarily disrupted construction in our group because of shortages of housing equipment and other factors, but conditions have now recovered. In sales, however, properties under negotiation did not proceed to contract because of concerns about future livelihoods, making it difficult at this stage to make a reasonable earnings forecast.」
The company identifies shortages of housing equipment and construction disruptions caused by COVID-19, as well as properties under negotiation failing to reach contract in sales, as new business risks. It assumes a degree of sales recovery from October 2020, but states that prolonged impacts or a further spread of infection could affect performance.