Impact of COVID-19 on Business Operations, Credit and Markets
First written in FY2022-Q3. 6 of 10 entries say "Restated". Latest entry: FY2025.
Okinawa Financial Group moved to the "Worse" side of this theme in 2025, 4 years after the typical company in this theme (2021).
The whole theme swung hardest in 2020: 12 of 31 companies on the "Worse" side.
3 other companies' latest entry also says "Softened".
- FY2025SoftenedAnnual report
「An outbreak of an infectious disease, such as COVID-19 or a novel influenza virus, could disrupt business continuity by increasing the number of infected officers and employees of the Group, among other effects.」
Although infectious disease risk continues to be disclosed, it is now presented as general infectious disease outbreak risk rather than in terms of its credit impact on specific industry portfolios or assumptions regarding allowance for loan losses. - FY2024-Q3RestatedAnnual report
「Although the direct economic impact of the spread of COVID-19 has decreased compared with the past, the company assumes that the economic impact attributable to COVID-19 will continue for a certain period, including as COVID-19 relief financing begins to enter the nationwide principal repayment phase. Based on this assumption, the company assumes that the credit risk associated with loans and other assets to certain industry portfolios of the Group will be materially affected.」
While assuming that the direct economic impact of infectious diseases has diminished, we continue to assume that the impact will persist for a certain period, including due to the start of principal repayments on funds provided for countermeasures, and will affect the credit risk of specific industry portfolios. - FY2024-Q2RestatedAnnual report
「Although the direct economic impact of the spread of COVID-19 has decreased compared with the past, the company assumes that the economic impact attributable to COVID-19 will continue for a certain period, including as COVID-19 relief financing begins to enter the nationwide principal repayment phase. Based on this assumption, the company assumes that the credit risk associated with loans and other assets to certain industry portfolios of the Group will be materially affected.」
While assuming that the direct economic impact of infectious diseases has diminished, we continue to assume that the impact will persist for a certain period, including due to the start of principal repayments on funds provided for countermeasures, and will affect the credit risk of specific industry portfolios. - FY2024-Q1RestatedAnnual report
「Although the direct economic impact of the spread of COVID-19 has decreased compared with the past, the company assumes that the economic impact attributable to COVID-19 will continue for a certain period, including as COVID-19 relief financing begins to enter the nationwide principal repayment phase. Based on this assumption, the company assumes that the credit risk associated with loans and other assets to certain industry portfolios of the Group will be materially affected.」
While assuming that the direct economic impact of infectious diseases has diminished, we continue to assume that the impact will persist for a certain period, including due to the start of principal repayments on funds provided for countermeasures, and will affect the credit risk of specific industry portfolios. - FY2023SoftenedAnnual report
「Although the direct economic impact of the spread of COVID-19 has decreased compared with the past, the company assumes that the economic impact attributable to COVID-19 will continue for a certain period, including as COVID-19 relief financing begins to enter the nationwide principal repayment phase.」
While recognizing that the direct economic impact of the pandemic has diminished, the company assumes that its effects will continue for a certain period as principal repayments on relief financing begin. - FY2023-Q3RestatedAnnual report
「The company expects the economic impact of the spread of COVID-19 to persist for an extended period. Based on this assumption, it assumes that the credit risk associated with loans and other assets to certain portfolios of the Group will be materially affected.」
The company continues to assume that the economic impact of COVID-19 will persist for an extended period and materially affect the credit risk of certain portfolios. - FY2023-Q2RestatedAnnual report
「The company expects the economic impact of the spread of COVID-19 to persist for an extended period. Based on this assumption, it assumes that the credit risk associated with loans and other assets to certain portfolios of the Group will be materially affected.」
The company continues to assume that the economic impact of COVID-19 will persist for an extended period and materially affect the credit risk of certain portfolios. - FY2023-Q1RestatedAnnual report
「The company expects the economic impact of the spread of COVID-19 to persist for an extended period. Based on this assumption, it assumes that the credit risk associated with loans and other assets to certain portfolios of the Group will be materially affected.」
The company continues to assume that the economic impact of COVID-19 will persist for an extended period and materially affect the credit risk of certain portfolios. - FY2022MaterialisedAnnual report
「Based on this assumption, the company assumes that the credit risk associated with loans and other assets to certain industry portfolios of the Group will be materially affected.」
The company assumed that the economic impact of the pandemic would materially affect credit risk in certain industries and reflected this in an additional provision for loan losses. - FY2022-Q3First statedAnnual report
「Although difficult conditions continued due to the impact of COVID-19, there were signs of recovery in some areas.」
While the pandemic has already affected the economy and economic conditions within the prefecture, it also indicates the potential for increases in business continuity, credit, market and liquidity risks.