Suspension of Operations, Extended Construction Periods and Impact on Performance Due to the Expansion of COVID-19
First written in FY2020-Q1. 6 of 13 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2024: 6 of 19 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no material changes in the matters described in this semiannual report concerning the status of operations, financial position and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The report stated that there were no material changes to business and other risks, including the impact of an infectious disease pandemic on business activities. - FY2024-H1RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no material changes in the matters described in this semiannual report concerning the status of operations, financial position and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The report stated that there were no material changes to business and other risks, including the impact of an infectious disease pandemic on business activities. - FY2023RestatedAnnual report
「If an infectious disease or other pandemic occurs on a scale exceeding expectations, resulting in changes to the allocation or scale of public works expenditures during the preparation or execution of national or local government budgets, or if administrative authorities request the temporary suspension of business activities due to the spread of the infection, this could affect our group’s financial position and operating results.」
The risk, previously limited to COVID-19, was reiterated as the risk that a pandemic involving an infectious disease or other cause could lead to changes in public works expenditures and requests to suspend activities. - FY2023-Q3MitigatedAnnual report
「During the cumulative third quarter of the fiscal year, Japan’s economy was progressing toward normalization of social and economic activity as restrictions on behavior imposed due to COVID-19 were eased.」
The report stated that restrictions on behavior associated with COVID-19 had been eased and social and economic activity was moving toward normalization. However, it did not state that infectious disease risk overall had been eliminated. - FY2022ReframedAnnual report
「⑦ Impact of an infectious disease pandemic on business activities」
The previous COVID-19 risk was restructured as the risk that an infectious disease pandemic in general could lead to changes in the allocation or scale of public works expenditures and requests to suspend business activities. - FY2022-Q3RestatedAnnual report
「During the third quarter of the current consolidated cumulative period, the difficult situation caused by the effects of the novel coronavirus disease was gradually improving and signs of recovery were emerging. However, the economic outlook remained uncertain due to higher resource prices resulting from Russia's invasion of Ukraine, volatility in the financial and capital markets, and rising prices.」
While stating that the severe economic conditions caused by COVID-19 had gradually improved, the report reiterated uncertainty about the outlook, including infection risk. - FY2021-Q3RestatedAnnual report
「Revenue was only marginally affected by COVID-19」
The explanation that the impact of COVID-19 on revenue was limited was reiterated. Meanwhile, the report stated that the overall economy faced downside risk from a renewed spread of infections. - FY2021-Q2RestatedAnnual report
「Revenue was only marginally affected by the spread of COVID-19」
The explanation that the impact of the spread of COVID-19 on revenue was limited was reiterated. - FY2021-Q1MitigatedAnnual report
「Revenue was only marginally affected by the spread of COVID-19」
In contrast to the revenue decline caused by business suspensions and project delays described in the previous fiscal year, the report explained that the impact of the spread of COVID-19 on revenue during the first quarter was limited. However, it did not state that the infection risk itself had been eliminated. - FY2020WorsenedAnnual report
「However, if, due to the implementation of economic measures in response to the spread of COVID-19, public works expenditures are reallocated or reduced in scale during the preparation or execution of national or local government budgets, or if administrative authorities request the temporary suspension of activities due to the spread of the infection, this could affect our group’s financial position and operating results.」
For COVID-19 risk, the potential impact was described as extending beyond business suspensions and project delays to changes in the allocation or scale of public works expenditures and requests from administrative authorities to suspend activities. - FY2020-Q3MitigatedAnnual report
「Although the impact of COVID-19 on revenue remained limited, revenue decreased by ¥287 million to ¥16,494 million, down 1.7% year on year, due mainly to lower revenue from disaster prevention and mitigation-related services, including responses to the July 2018 heavy rains, and services relating to the design and maintenance of infrastructure facilities. In addition, the interruption of overseas-related projects and postponement of completion dates in response to measures to prevent the spread of COVID-19, together with lower revenue from disaster prevention and mitigation-related services, including responses to the July 2018 heavy rains, and services relating to the design and maintenance of infrastructure facilities, caused revenue to decrease by ¥925 million year on year to ¥5,262 million, down 15.0% year on year, while segment profit decreased by ¥268 million to ¥684 million, down 28.1% year on year, due mainly to the decline in revenue.」
Although the impact of COVID-19 on overall results was described as limited, the interruption of overseas-related projects and postponement of completion dates continued, and the report did not state that the impact had been uniformly eliminated. - FY2020-Q2MaterialisedAnnual report
「Due mainly to the suspension of overseas-related operations and postponement of completion dates in response to the spread of COVID-19, as well as a decline in disaster prevention and mitigation-related work, including responses to the July 2018 heavy rains, revenue decreased by ¥174 million year on year to ¥4,514 million, down 3.7%. Segment profit decreased by ¥100 million to ¥851 million, down 10.5%, due mainly to lower revenue.」
The interruption and postponement of completion dates for overseas-related projects accompanying the spread of COVID-19 materialized as lower revenue and lower profit in the construction consulting business. - FY2020-Q1MaterialisedAnnual report
「The economy deteriorated rapidly due to the impact of the spread of COVID-19, and uncertainty about the economic outlook could not be dispelled. Revenue decreased by ¥601 million to ¥5,663 million, down 9.6% year on year, as the completion of certain projects for which revenue had been expected to be recognized during the cumulative first quarter was postponed due to the temporary suspension of ongoing projects and extensions to project schedules in response to measures to prevent the spread of COVID-19.」
The report stated that, in addition to the economic deterioration accompanying the spread of COVID-19, ongoing projects were temporarily suspended, project schedules were extended and completion dates were postponed, resulting in a decline in revenue.