Credit, Market and Business Continuity Risks Associated with the Spread of COVID-19
First written in FY2020. 10 of 13 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2020: 11 of 30 companies on the "Worse" side.
10 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「During the current interim consolidated accounting period, there were no material changes to the matters concerning "Business and Other Risks" described in the annual securities report for the previous fiscal year, nor any events relating to those matters.」
The company stated that there were no material changes or developments concerning credit, market and business continuity risks associated with COVID-19 and other factors. - FY2025-H1RestatedAnnual report
「During the current interim consolidated accounting period, there were no material changes to the matters concerning "Business and Other Risks" described in the annual securities report for the previous fiscal year, nor any events relating to those matters.」
The company stated that there were no material changes or developments concerning credit, market and business continuity risks associated with COVID-19 and other factors. - FY2024-Q2RestatedAnnual report
「There have been no material changes to the assumptions used in accounting estimates concerning the impact of COVID-19 and other factors from the information described under “Material Accounting Estimates” in the annual securities report for the previous consolidated fiscal year. These assumptions are uncertain, and if the impact of COVID-19 and other factors exceeds the assumed range, it may affect future business performance.」
The company stated that there were no material changes to the assumptions used in accounting estimates concerning COVID-19 and other factors, and continues to describe the potential impact on business performance if the effects exceed the assumed range. - FY2024-Q1RestatedAnnual report
「There have been no material changes to the assumptions used in accounting estimates concerning the impact of COVID-19 and other factors from the information described under “Material Accounting Estimates” in the annual securities report for the previous consolidated fiscal year. These assumptions are uncertain, and if the impact of COVID-19 and other factors exceeds the assumed range, it may affect future business performance.」
The company stated that there were no material changes to the assumptions used in accounting estimates concerning COVID-19 and other factors, and continues to describe the potential impact on business performance if the effects exceed the assumed range. - FY2023-Q3RestatedAnnual report
「There have been no material changes to the assumptions used in accounting estimates concerning the impact of COVID-19 from the information described under “Material Accounting Estimates” in the annual securities report for the previous consolidated fiscal year. These assumptions are uncertain, and if the impact of the spread of COVID-19 exceeds the assumed range, it may affect future business performance.」
While there were no material changes to the assumptions used in accounting estimates concerning COVID-19, the company continues to describe the potential impact on business performance if the effects exceed expectations. - FY2023-Q2RestatedAnnual report
「There have been no material changes to the assumptions used in accounting estimates concerning the impact of COVID-19 from the information described under “Material Accounting Estimates” in the annual securities report for the previous consolidated fiscal year. These assumptions are uncertain, and if the impact of the spread of COVID-19 exceeds the assumed range, it may affect future business performance.」
While there were no material changes to the assumptions used in accounting estimates concerning COVID-19, the company continues to describe the potential impact on business performance if the effects exceed expectations. - FY2023-Q1RestatedAnnual report
「There have been no material changes to the assumptions used in accounting estimates concerning the impact of COVID-19 from the information described under “Material Accounting Estimates” in the annual securities report for the previous consolidated fiscal year. These assumptions are uncertain, and if the impact of the spread of COVID-19 exceeds the assumed range, it may affect future business performance.」
While there were no material changes to the assumptions used in accounting estimates concerning COVID-19, the company continues to describe the potential impact on business performance if the effects exceed expectations. - FY2022-Q2RestatedAnnual report
「There have been no material changes to the assumptions used in accounting estimates concerning the impact of COVID-19 from the information described under “Material Accounting Estimates” in the annual securities report for the previous consolidated fiscal year. These assumptions are uncertain, and if the impact of the spread of COVID-19 exceeds the assumed range, it may affect future business performance.」
While there were no material changes to the assumptions used in accounting estimates concerning COVID-19, the company continues to describe the potential impact on business performance if the effects exceed expectations. - FY2022-Q1Updated timeline for the assumed resolution of the outbreakAnnual report
「No material changes have been made since the previous consolidated fiscal year to the assumptions used in accounting estimates concerning the spread of COVID-19. We assume that the spread of COVID-19 will have a certain impact, mainly on the credit risk of loans and other assets, and may reduce borrowers' repayment capacity. However, on the assumption that the outbreak will gradually subside during the current consolidated fiscal year and that the increase in credit-related costs will not be material, we have recognized an allowance for loan losses. This assumption is uncertain, and if the impact of the spread of COVID-19 is prolonged, it may affect business performance.」
While stating that there were no material changes to the assumptions used in accounting estimates, the company described the assumed resolution of the outbreak as occurring “during the current consolidated fiscal year.” - FY2021-Q3WorsenedAnnual report
「No material changes have been made since the previous consolidated fiscal year to the assumptions used in accounting estimates concerning the spread of COVID-19. We assume that the spread of COVID-19 will have a certain impact, mainly on the credit risk of loans and other assets, and may reduce debtors' repayment capacity. However, on the assumption that the outbreak will gradually subside through the following consolidated fiscal year and that the increase in credit-related costs will not be material, we have recognized an allowance for loan losses. This assumption is uncertain, and if the impact of the spread of COVID-19 is prolonged, it may affect business performance.」
While there were no material changes to the assumptions used in accounting estimates, the assumed timeline for the outbreak to subside changed from “during the current consolidated fiscal year” in the previous quarter to “through the following consolidated fiscal year.” - FY2021-Q2RestatedAnnual report
「No material changes have been made since the previous consolidated fiscal year to the assumptions used in accounting estimates concerning the spread of COVID-19. We assume that the spread of COVID-19 will have a certain impact, mainly on the credit risk of loans and other assets, and may reduce debtors' repayment capacity. However, on the assumption that the outbreak will gradually subside during the current consolidated fiscal year and that the increase in credit-related costs will not be material, we have recognized an allowance for loan losses. This assumption is uncertain, and if the impact of the spread of COVID-19 is prolonged, it may affect business performance.」
While there were no material changes to the assumptions used in accounting estimates concerning COVID-19, the company continues to describe the potential impact on credit risk and business performance if the effects are prolonged. - FY2021-Q1RestatedAnnual report
「No material changes have been made since the previous consolidated fiscal year to the assumptions used in accounting estimates concerning the spread of COVID-19. We assume that the spread of COVID-19 will have a certain impact, mainly on the credit risk of loans and other assets, and may reduce debtors' repayment capacity. However, we have recognized an allowance for loan losses on the assumption that the increase in credit-related costs will not be material. This assumption is uncertain, and if the impact of the spread of COVID-19 is prolonged, it may affect business performance.」
While there were no material changes to the assumptions used in accounting estimates concerning COVID-19, the company continues to describe the potential impact on credit risk and business performance if the effects are prolonged. - FY2020First statedAnnual report
「These risks have not materialized at this point, but multiple risks could materialize, including deterioration in the financial condition of borrowers affected by requests to refrain from going out and other measures (credit risk), a decline in stock markets and disruption in financial markets (market-related risk), and the risk that the spread of COVID-19 within the Bank could make business continuity difficult.」
The spread of COVID-19 was described as a new material risk, with the possibility of a combined occurrence of deterioration in borrowers' credit quality, market disruption and difficulty maintaining business continuity within the Bank. The company stated that the risk had not materialized at the time.