Business and Financial Impact of the Spread of COVID-19
First written in FY2020. 4 of 10 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2023RestatedAnnual report
「During the consolidated fiscal year, the operating companies タイ丸建㈱ in Thailand and 瑞馬丸建(安徽)工程支護科技有限公司 in China were on a recovery trend from the COVID-19 pandemic but were affected by delays in construction progress.」
The company explains that, although the impact of the infection is on a recovery trend, the overseas business continues to be affected by delays in construction progress. - FY2023-Q3RestatedAnnual report
「Although the operating companies in Thailand and China are on a recovery trend from the COVID-19 pandemic, they continued to be affected by delays in construction progress and postponed project starts.」
Although the impact of COVID-19 is said to be on a recovery trend, the overseas business continues to be affected by delays in construction progress and postponed construction starts. - FY2023-Q2MaterialisedAnnual report
「Although the overseas operating companies, タイ丸建㈱ in Thailand and 瑞馬丸建（安徽）工程支護科技有限公司 in China, were on a recovery trend from the COVID-19 pandemic, they continued to be affected by postponed construction starts and delays in construction progress, resulting in difficult profitability conditions.」
Although COVID-19 is said to be on a recovery trend, the overseas business continues to be affected by postponed construction starts and delays in construction progress, which have emerged as difficult profitability conditions. - FY2022RestatedAnnual report
「After taking measures against COVID-19, our group is conducting business activities at broadly the same level as under normal conditions. As of the end of the consolidated fiscal year under review, we have made accounting estimates based on the assumption that the impact of COVID-19 on construction demand from the following consolidated fiscal year onward will be minor.」
Although the impact of the infection remains, the company is conducting activities at broadly the same level as under normal conditions after taking countermeasures and assumes that the impact on construction demand from the following fiscal year onward will be minor. - FY2022-Q3Partial recovery alongside concerns about variantsAnnual report
「During the first 3 quarters of the consolidated fiscal year under review (1 April 2021 to 31 December 2021), Japan's economy was affected by COVID-19, while vaccination progressed and some signs of recovery were seen in corporate earnings and capital investment. However, concerns remain that the emergence of new variants could lead to another spread or prolongation of the infection, and the outlook is expected to remain uncertain.」
The company describes some recovery in corporate earnings and capital investment as vaccination progresses, while indicating concerns about another spread or prolongation of the infection due to new variants and continued uncertainty over the outlook. - FY2022-Q1WorsenedAnnual report
「During the first quarter of the consolidated fiscal year under review (1 April 2021 to 30 June 2021), Japan's economy remained under the impact of COVID-19 and continued to face difficult conditions, despite some signs of recovery in corporate earnings and capital investment. The possibility of another spread of the infection due to variants remains a concern, and the outlook is extremely uncertain.」
The impact of COVID-19 has continued, with concerns about another spread of the infection due to variants and an extremely uncertain outlook. - FY2021-Q3RestatedAnnual report
「In the construction industry to which our group belongs, the impact of the infection on construction progress has been limited, but moves to postpone or suspend new construction starts and development plans have begun to emerge, raising concerns about intensifying competition for orders due to a decline in projects.」
Regarding COVID-19, the company continues to express concern that, although the impact on construction progress is limited, postponements and suspensions of new construction starts and development plans will reduce projects and intensify competition for orders. - FY2021-Q2WorsenedAnnual report
「In the construction industry to which our group belongs, the impact of the infection on construction progress has been limited, but new projects have declined as new construction starts and development plans have been suspended or postponed, raising concerns about intensifying competition for orders.」
Regarding COVID-19, the company newly specifies concerns that, although the impact on construction progress is limited, the suspension or postponement of new construction starts and development plans will reduce new projects and intensify competition for orders. - FY2021-Q1MaterialisedAnnual report
「During the first quarter of the consolidated fiscal year under review (1 April 2020 to 30 June 2020), Japan's economy remained in difficult conditions as the spread of COVID-19 placed significant constraints on socioeconomic activity. Economic activity is gradually resuming following the lifting of the state of emergency at the end of May, but the possibility of a second wave remains a concern, leaving the outlook extremely uncertain. In the construction industry to which our group belongs, the impact of the spread of COVID-19 and the postponement of the Olympic and Paralympic Games on construction progress was limited during the period under review, and conditions remained firm. However, concerns remain about the impact of further spread of the infection on new construction starts and development plans.」
The company states that socioeconomic activity was in fact constrained by the spread of COVID-19. While it considers the impact on the construction industry during the period under review to have been limited, it is concerned about the impact of further spread of the infection on new construction starts and development plans. - FY2020First statedAnnual report
「It has also become necessary to prepare for the possibility that the impact of the spread of COVID-19 from 2020 onward may be prolonged.」
The company has for the first time separately identified the impact of a prolonged spread of COVID-19 on construction demand, operating performance, financial condition and cash flow.