Credit deterioration caused by infectious diseases, geopolitical risks, logistics disruptions, and inflation
First written in FY2023-Q3. 2 of 3 entries say "Worsened", first in FY2023. Latest entry: FY2026.
Chugin Financial Group moved to the "Worse" side of this theme in 2023.
0 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The outlook for the global economy has become uncertain due to global inflation and heightened geopolitical risks. In Japan, monetary normalization has progressed alongside improved corporate performance, rising prices and rising wages, but uncertainty surrounding monetary policy and corporate performance has increased due to the situation in the Middle East.」
In addition to the existing risks of inflation and geopolitical risks, the company explicitly identifies US tariffs, the situations in Ukraine and the Middle East, and uncertainty surrounding monetary policy and corporate performance. - FY2023WorsenedAnnual report
「In addition, the outlook for the global economy has become uncertain due to concerns about prolonged global inflation and monetary tightening, concerns about economic deglobalization resulting from heightened geopolitical risks, and instability in overseas financial systems.」
In addition to the existing risks of infectious diseases, logistics disruptions and inflation, the company has added prolonged monetary tightening, deglobalization and instability in overseas financial systems as risk factors. - FY2023-Q3First statedAnnual report
「There is a risk that the financial condition of counterparties will deteriorate more than expected due to the effects of reduced economic activity resulting from the COVID-19 pandemic and logistics disruptions and inflation caused by heightened geopolitical risks, forcing an increase in non-performing loans and credit costs.」
The company identifies the effects of infectious diseases, the situation in Ukraine, economic sanctions, logistics disruptions and inflation on counterparties and credit costs.