Impact of the Spread of COVID-19 on Business Operations and Financial Performance
First written in FY2020. 5 of 14 entries say "Worsened", first in FY2021-Q2. Latest entry: FY2026.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2026DroppedAnnual report
「During the consolidated fiscal year under review, personal consumption showed signs of recovery against a backdrop of improvements in the employment and income environment, while capital investment remained firm, supported by improved corporate earnings and demand for investment in digitalization and labor-saving measures.」
The business and operating impact of the spread of COVID-19, which had been described through the previous fiscal year, was not explicitly mentioned in this filing's descriptions of the business environment or business operations. - FY2024MitigatedAnnual report
「During the consolidated fiscal year under review, Japan's economy continued to recover gradually as the transition of COVID-19 to Category V progressed and the employment and income environment improved.」
The filing described the transition of COVID-19 to Category V and a gradual recovery in economic activity, while descriptions of the business impact of the spread of the virus became less prominent. - FY2024-Q1MitigatedAnnual report
「There were also positive factors, including pent-up demand following the COVID-19 pandemic and an easing of the semiconductor shortage, and efforts toward the normalization of economic activity and social life accelerated. The economy continued to recover gradually, although at a moderate pace.」
The description changed from the downward pressure on economic activity caused by the spread of COVID-19 to a description of the normalization and gradual recovery of economic activity and social life, supported by pent-up demand and an easing of the semiconductor shortage. - FY2023-Q3MaterialisedAnnual report
「Due to a decline in users at each facility resulting from the impact of COVID-19, revenue was ¥266 million, down 9.0% year on year.」
The impact of COVID-19 appeared in actual results as a decline in users at nursing care facilities, a 9.0% year-on-year decrease in revenue, and an operating loss of ¥22 million. - FY2023-Q2MaterialisedAnnual report
「The impact of COVID-19 led to declines in users and operating days, resulting in revenue of ¥174 million, down 10.8% year on year.」
The impact of the spread of COVID-19 appeared in actual results as a decline in users and operating days in the nursing care business and a 10.8% year-on-year decrease in revenue. - FY2023-Q1MaterialisedAnnual report
「Due to fewer residents in housing for older people and service-linked housing for older people, as well as the impact of the spread of COVID-19, revenue was ¥81 million, down 14.5% year on year.」
The impact of the spread of COVID-19 continued to appear in actual results as a decline in residents and revenue in the nursing care business. - FY2022-Q3The continued risk of the virus spreading alongside an economic recoveryAnnual report
「It appears necessary to continue closely monitoring infection trends, including those involving new variants.」
The filing described an economic recovery following the lifting of the state of emergency, while stating that infection trends involving new variants would continue to require close monitoring. - FY2022-Q2WorsenedAnnual report
「During the cumulative consolidated second quarter under review, Japan's economy was affected by a rapid increase in COVID-19 cases and record heavy and prolonged rainfall, as well as shortages and price increases for materials such as metals, lumber, and semiconductors. The economy, which had been beginning to recover gradually, consequently remained temporarily stalled.」
The rapid increase in COVID-19 cases was identified as a factor causing the economy to stall. The factory equipment-related and IT-related businesses also struggled, partly as a result of the spread of the virus. - FY2022-Q1WorsenedAnnual report
「Although there are expectations that the expansion of vaccination will normalize economic activity, there are also signs of an increase in infections due to the spread of variants, and Japan's economy remains in a situation of considerable uncertainty.」
While expressing expectations for normalization through vaccination, the filing also described signs of an increase in infections due to variants and continued uncertainty about the outlook. - FY2021WorsenedAnnual report
「In Japan as well, the prolonged spread of the virus has had a significant impact on a wide range of industries through restrictions on business activities, including business closures and reduced operating hours, as well as restrictions on the movement of people, and continues to have a significant impact on politics and the economy through further economic stagnation and worsening employment conditions.」
The prolonged spread of the virus was described as continuing to have a broad impact in the form of restrictions on business activities, restrictions on the movement of people, economic stagnation, and worsening employment conditions. - FY2021-Q3WorsenedAnnual report
「During the cumulative third quarter under review, Japan's economy remained in a severe situation, with the recovery outlook still unclear as the spread of the novel coronavirus disease led to deteriorating corporate earnings and a decline in employment.」
The impact of COVID-19 was described as creating severe conditions, with corporate earnings deteriorating, employment continuing to decline, and no clear prospect of an economic recovery. Impacts in individual businesses included construction delays, a decline in large-scale projects, and the suspension of outsourced operations. - FY2021-Q2WorsenedAnnual report
「The civil engineering and construction industry, to which our group primarily belongs, was also heavily affected. Although public infrastructure development, including dams, expressways and bridges, continued, project delays and cancellations were observed, leaving the industry facing many challenges.」
The impact of COVID-19 also reached the civil engineering and construction industry, affecting actual business operations through delays and cancellations of public infrastructure projects. - FY2021-Q1MaterialisedAnnual report
「As a result, net sales for the cumulative first quarter of the current consolidated fiscal year were ¥2,360 million, down 1.4% year on year. In terms of earnings, the operating loss was ¥23 million, compared with operating profit of ¥9 million in the same period of the previous year, and the ordinary loss was ¥6 million, compared with ordinary profit of ¥24 million. The quarterly net loss attributable to owners of the parent was ¥42 million, compared with a quarterly net loss attributable to owners of the parent of ¥4 million in the same period of the previous year.」
The spread of COVID-19, which had been identified as a risk in the previous fiscal year, had an actual impact in the form of a rapid deterioration in the domestic economy, construction interruptions and delays, lower revenue and earnings in major businesses, and company-wide operating and ordinary losses. - FY2020First statedAnnual report
「The Group has multiple business sites, and if an abnormal situation such as a pandemic like the spread of COVID-19 or a large-scale natural disaster occurs, business operations may become difficult and adversely affect performance.」
The spread of COVID-19 was explicitly identified as a new risk that could make it difficult to operate businesses at multiple locations and affect performance. The impact on results for the fiscal year was described as negligible.