Impact of COVID-19 on the Construction Market and Sales Activities
First written in FY2020. 6 of 10 entries say "Mitigated", first in FY2022-Q1. Latest entry: FY2024.
The whole theme swung hardest in 2024: 6 of 14 companies on the "Worse" side.
4 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「During the consolidated fiscal year, the Japanese economy showed a gradual normalization of economic activity as COVID-19 was reclassified as a Class 5 infectious disease and activity restrictions were lifted.」
The Company stated that economic activity normalized as COVID-19 was reclassified as a Class 5 infectious disease and activity restrictions were lifted. - FY2023-Q3MitigatedAnnual report
「The Company eased activity restrictions imposed due to the impact of COVID-19 and resumed sales activities, resulting in higher travel expenses, exhibition costs, promotion-related expenses and other costs, and lower profit year on year.」
The Company has continued operating with activity restrictions related to COVID-19 eased and sales activities resumed. At the same time, the resulting increase in travel expenses, exhibition costs, promotion-related expenses and other costs reduced profit. - FY2023-Q2MitigatedAnnual report
「The Company eased activity restrictions imposed due to the impact of COVID-19 and resumed sales activities, resulting in higher travel expenses, exhibition costs and other expenses, and higher revenue but lower profit.」
The Company stated that it eased activity restrictions imposed due to the impact of COVID-19 and resumed sales activities. While activity restrictions were being eased, the resulting increase in travel expenses, exhibition costs and other expenses reduced profit. - FY2023-Q1MitigatedAnnual report
「Revenue and profit increased as sales activities that had been restricted due to the impact of COVID-19 were gradually resumed, resulting in higher travel expenses and exhibition costs.」
The Company stated that it gradually resumed sales activities that had been restricted due to COVID-19, indicating that activity restrictions were being eased. At the same time, travel expenses and exhibition costs increased as activities resumed. - FY2022MitigatedAnnual report
「The impact of COVID-19 on the business activities of the Group during the consolidated fiscal year was limited. Accordingly, accounting estimates for the consolidated fiscal year were made based on the assumption that the impact of COVID-19 would be minor.」
While the Company considers the impact of COVID-19 on business activities during the year to have been limited and minor, it stated that uncertainty over future impacts remains. - FY2022-Q1MitigatedAnnual report
「In the cumulative first quarter of the previous consolidated fiscal year, performance in the segment struggled partly because activities were curtailed and sales activities were restricted as the spread of COVID-19 continued. In the cumulative first quarter of the current consolidated fiscal year, however, restrictions on sales activities were limited,」
The Company stated that, compared with the restrictions on sales activities in the same period of the previous year, restrictions on sales activities were limited in the current quarter. - FY2021RestatedAnnual report
「The impact of COVID-19 on the business activities of the Group during the consolidated fiscal year was limited. Accordingly, accounting estimates for the consolidated fiscal year were made based on the assumption that the impact of COVID-19 would be minor. However, the impact of the spread of COVID-19 remains subject to many uncertainties and may affect the Group's financial position and operating results in the future.」
While indicating that the impact on business activities during the year was limited and minor, the Company reaffirmed the uncertainty surrounding the spread of infection and the possibility of an impact on its future financial position and operating results. - FY2021-Q2RestatedAnnual report
「In the first-quarter consolidated accounting period, growth in performance was limited due to the spread of COVID-19, but in the second-quarter consolidated accounting period, sales, particularly of the housing business's main products, were supported by selections under the IT Introduction Subsidy, and performance remained broadly flat year on year.」
While reaffirming that the spread of COVID-19 limited the pace of performance growth in the first quarter, the Company stated that IT implementation subsidies supported sales in the second quarter. - FY2021-Q1MaterialisedAnnual report
「During the cumulative first-quarter period under review, restrictions on sales activities, including voluntary curtailment of activities following the declaration of a state of emergency amid the spread of COVID-19, contributed to sluggish year-on-year sales and a revenue decline in the Housing Business Division, whose main products are design CAD systems related to wooden housing and which accounts for a significant share of sales in the segment.」
The Company stated that restrictions on activities and sales activities accompanying the spread of COVID-19 actually occurred and contributed to lower revenue in the Housing Division. - FY2020MaterialisedAnnual report
「In the construction industry, the recent decline in new housing starts and the issuance of states of emergency accompanying the spread of COVID-19 led to the continued partial suspension of construction work at sites across Japan. However, the impact on results for the consolidated fiscal year was limited. Meanwhile, the operating environment remained solid, supported by steady government construction investment and other factors throughout the year, as well as demand for IT products to address labor shortages at construction sites.」
The Company stated that the spread of COVID-19 led to the partial suspension of construction work at sites and restrictions on sales activities. At the same time, it said the impact on results for the consolidated fiscal year was limited.