Impact of the Novel Coronavirus Disease (COVID-19) on Business Activities, Housing Demand and Supply Chains
First written in FY2020. 5 of 15 entries say "Mitigated", first in FY2023-Q1. Latest entry: FY2025.
The whole theme swung hardest in 2020: 102 of 175 companies on the "Worse" side.
- FY2025ReframedAnnual report
「If an infectious disease such as a novel influenza virus spreads globally in the future, restrictions on social activity may affect our group's operating results and financial position.」
The description was reorganised from the impact of past infectious diseases, mainly COVID-19, into a general risk of future outbreaks, including novel influenza and other diseases. - FY2024-Q3RestatedAnnual report
「During the third nine-month consolidated period under review, the Japanese economy continued to recover moderately, driven by the normalisation of economic activity following the reclassification of COVID-19 as a Category V infectious disease and improvements in employment and income conditions.」
We maintain the view that economic activity continues to normalise following the reclassification of COVID-19 as a Category V infectious disease. - FY2024-Q1MitigatedAnnual report
「During the first three-month consolidated period under review, the Japanese economy continued to recover moderately as the normalisation of economic activity progressed following the reclassification of COVID-19 as a Category V infectious disease.」
The reclassification of COVID-19 as a Category V infectious disease advanced the normalisation of economic activity, easing its impact on business activity and housing demand. - FY2023MitigatedAnnual report
「COVID-19 was classified as a Category V infectious disease under the Infectious Diseases Control Act, reducing the risk that the spread of infection would cause economic activity to stagnate.」
It states that the classification of COVID-19 as a Category V infectious disease reduced the risk of economic activity stagnating due to the spread of infection. - FY2023-Q3MitigatedAnnual report
「During the third nine-month consolidated period under review, the Japanese economy continued to recover moderately as normalisation progressed following the impact of COVID-19.」
Economic normalisation progressed as the impact of COVID-19 eased, further reducing its impact on socioeconomic activity. - FY2023-Q2MitigatedAnnual report
「During the second three-month consolidated period under review, the Japanese economy continued to recover moderately as the impact of COVID-19 eased and the normalisation of socioeconomic activity progressed.」
It states that the economic impact of COVID-19 eased and the normalisation of socioeconomic activity progressed. - FY2023-Q1MitigatedAnnual report
「During the first three-month consolidated period under review, the Japanese economy continued to recover moderately as the impact of the spread of COVID-19 eased.」
As the economic impact of the spread of COVID-19 eased, the economy continued to recover moderately. - FY2022Assumption that the impact on earnings will remain limited despite the continuing effects of infectionsAnnual report
「At present, we assume that the impact of COVID-19 on the earnings of our group is limited and that there will be no material impact from the following consolidated fiscal year onward. However, if the impact of COVID-19 becomes more severe, it may affect our financial position and operating results from the following consolidated fiscal year onward.」
While maintaining the risk of a resurgence in infections, we assume for accounting purposes that the impact on earnings will be limited from the following fiscal year onward. - FY2022-Q3Infections improving, but supply constraints continuingAnnual report
「Economic and social activity gradually moved toward normalization as domestic infections subsided from autumn last year onward.」
After the difficult conditions caused by the fifth wave of infections, domestic infections subsided and economic and social activity moved toward normalisation. However, lumber prices remain elevated and supplies of housing equipment remain unstable, so risks have not been eliminated uniformly. - FY2022-Q2WorsenedAnnual report
「The situation raised concerns about further impacts on personal consumption and companies’ economic activity, as the number of people infected with COVID-19 reached a record high in August and the regions subject to states of emergency and priority preventive measures were expanded nationwide.」
Uncertainty surrounding business activity and housing demand increased as the number of infections reached a record high in August and the regions subject to states of emergency and other measures expanded nationwide. - FY2022-Q1RestatedAnnual report
「During the cumulative first-quarter consolidated period under review, Japan’s economy remained uncertain. Following fiscal 2020, when GDP posted its worst negative growth in the postwar period due to the spread of COVID-19, states of emergency were declared in multiple regions from April this year onward because of the spread of infection, raising concerns about further effects on personal consumption and companies’ economic activity.」
The uncertain operating environment caused by COVID-19 continued, with states of emergency declared in multiple regions and concerns about impacts on personal consumption and corporate activity. - FY2021-Q3WorsenedAnnual report
「The situation remained unpredictable, with a marked resurgence in infections from mid-November last year.」
The resurgence in infections became pronounced from mid-November last year, increasing uncertainty surrounding business activity and housing demand due to COVID-19. - FY2021-Q2RestatedAnnual report
「The housing industry also faced a challenging operating environment, particularly during the state of emergency, due to restrictions on business activities and customers refraining from going out, while new housing starts declined substantially year on year amid concerns about a resurgence of infections and worsening employment conditions.」
The Company described a challenging operating environment, with restrictions on business activity due to COVID-19, customers’ refraining from going out, and a continued sharp decline in new housing starts. - FY2021-Q1MaterialisedAnnual report
「The housing industry also faced an extremely challenging operating environment due to restrictions on business activities and customers refraining from going out as the novel coronavirus spread.」
The effects of restrictions on business activity due to COVID-19, customers’ refraining from going out, declines in orders and sales, and impacts on the supply chain and demand for building materials actually emerged during the quarter. - FY2020First statedAnnual report
「Order-taking activities will be constrained by restrictions on business activity accompanying the spread of COVID-19 and customers’ refraining from going out. If restrictions on social activity are prolonged because the spread of infection does not subside, or if the economy deteriorates significantly as infections spread, the Group’s operating results and financial position may be affected.」
COVID-19 was identified for the first time as an independent major risk. The disclosure indicates the possibility of slower customer activity, constraints on order-taking activities, and delivery delays due to the supply chain.