Business and Credit Risks from COVID-19
First written in FY2022-Q3. 3 of 9 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
- FY2024DroppedAnnual report
「Against a backdrop of changing customer needs in the post-COVID environment, a prolonged yen depreciation against the US dollar, and elevated US policy interest rates, uncertainty about the outlook continues.」
The previous standalone assumptions regarding the timing of COVID-19 subsiding and its impact on the allowance for loan losses are no longer disclosed and are instead treated as changes in the post-COVID environment. - FY2024-Q3SoftenedAnnual report
「Here as well, the more-than-three-year struggle with COVID-19 is coming to an end, and the normalization of economic activity and the recovery of visitor flows to tourist destinations have become apparent.」
The description of COVID-19 has changed from the previous assumptions regarding the timing of the pandemic’s subsiding and the economic recovery to a description of the struggle with the pandemic coming to an end and economic activity and visitor flows to tourist destinations recovering. - FY2024-Q1SoftenedAnnual report
「In Japan, as COVID-19 has peaked, signs of economic activity normalizing are beginning to emerge in various areas.」
The description of COVID-19 has changed from the previous assumptions regarding the timing of the pandemic’s subsiding and the economic recovery to a description of the pandemic having peaked and economic activity entering a normalization phase. - FY2023SoftenedAnnual report
「In Japan, COVID-19 was moved to Category V in May this year, and the normalization of economic activity is expected to accelerate.」
The description of COVID-19 has changed from the previous assumptions regarding the timing of the pandemic’s subsiding and the economic recovery to the transition to Category V and the normalization of economic activity. COVID-19 continues to be cited as a factor affecting the outlook for borrowers’ performance. - FY2023-Q3RestatedAnnual report
「The Group assumes that the COVID-19 pandemic will subside during fiscal 2022 and that a full-scale recovery in economic activity will occur during fiscal 2023, and has assumed that COVID-19 will have a certain impact on the credit risk associated with loans and other assets of its consolidated subsidiary, 株式会社北國銀行. Based on these assumptions, the Group determines borrower classifications using information currently available and estimates the allowance for loan losses.」
The Group has maintained its assumptions that COVID-19 will subside during fiscal 2022 and that a full-scale recovery in economic activity will occur during fiscal 2023, as well as its estimate of the allowance for loan losses based on those assumptions. - FY2023-Q2RestatedAnnual report
「The Group assumes that the COVID-19 pandemic will subside during fiscal 2022 and that a full-scale recovery in economic activity will occur during fiscal 2023, and has assumed that COVID-19 will have a certain impact on the credit risk associated with loans and other assets of 株式会社北國銀行. Based on these assumptions, the Group determines borrower classifications using information currently available and estimates the allowance for loan losses.」
The Group has maintained its assumptions that COVID-19 will subside during fiscal 2022 and that a full-scale recovery in economic activity will occur during fiscal 2023, as well as its estimate of the allowance for loan losses based on those assumptions. - FY2023-Q1RestatedAnnual report
「The Group assumes that the COVID-19 pandemic will subside during fiscal 2022 and that a full-scale recovery in economic activity will occur during fiscal 2023, and has assumed that COVID-19 will have a certain impact on the credit risk associated with loans and other assets of 株式会社北國銀行. Based on these assumptions, the Group determines borrower classifications using information currently available and estimates the allowance for loan losses.」
The Group has maintained its previous assumptions that COVID-19 will subside during fiscal 2022 and that a full-scale recovery in economic activity will occur during fiscal 2023, and reflects the impact on credit risk associated with loans and other assets in its estimate of the allowance for loan losses. - FY2022WorsenedAnnual report
「The Group assumes that the COVID-19 pandemic will subside during fiscal 2022 and that a full-scale recovery in economic activity will occur during fiscal 2023, and has assumed that COVID-19 will have a certain impact on the credit risk associated with loans of its consolidated subsidiary, 株式会社北國銀行.」
The assumptions were changed from the pandemic subsiding during fiscal 2021 to fiscal 2022, and from a full-scale recovery in economic activity during fiscal 2022 to fiscal 2023. - FY2022-Q3First statedAnnual report
「The Group assumes that the COVID-19 pandemic will subside during fiscal 2021 and that a full-scale recovery in economic activity will occur during fiscal 2022, and has assumed that COVID-19 will have a certain impact on the credit risk associated with loans and other assets of 株式会社北國銀行. These assumptions are uncertain, and if the future situation surrounding COVID-19 or its impact on the economy differs from these assumptions, the amount of losses may increase or decrease.」
The Group describes its assumptions regarding the timing of the pandemic’s subsiding and the economic recovery, their impact on credit risk, and the uncertainty of those assumptions.