Deterioration in the Economic and Operating Environment Due to COVID-19
First written in FY2021-Q1. 5 of 14 entries say "Mitigated", first in FY2022-Q3. Latest entry: FY2025.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2025SoftenedAnnual report
「Natural disasters such as earthquakes, wind and flood damage, and criminal activity could damage the bank’s tangible assets and otherwise disrupt its business activities, as could outbreaks of infectious diseases and other events.」
The description has shifted from the specific reference to COVID-19 used previously to a general description of infectious disease risks associated with natural disasters and other events. - FY2024-Q3MitigatedAnnual report
「During the nine-month period ended 31 December 2023 (1 April 2023 to 31 December 2023), the Japanese economy saw continued normalisation of social and economic activity following the COVID-19 pandemic.」
The normalisation of social and economic activity following the COVID-19 pandemic continued, and the description of the pandemic's impact on the economic and operating environment continued to indicate an improvement. - FY2024-Q2MitigatedAnnual report
「During the six-month period ended 30 September 2023 (1 April 2023 to 30 September 2023), the Japanese economy saw continued normalisation of social and economic activity following the COVID-19 pandemic, and economic conditions recovered moderately.」
The text describes the normalisation of social and economic activity following the COVID-19 pandemic and a gradual recovery in economic conditions, indicating that the impact of the pandemic on the economic and operating environment was improving. - FY2024-Q1MitigatedAnnual report
「Although economic activity showed signs of a gradual recovery, supported by a recovery in personal consumption and capital investment and improving business conditions as the economy normalised after the COVID-19 pandemic,」
The text describes improving business conditions and a gradual recovery in economic activity as the economy normalised after the COVID-19 pandemic, indicating an improvement from the restrictions on economic activity imposed due to the pandemic. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter from 1 April 2022 to 31 December 2022, Japan's economy gradually recovered as social activity moved toward normalization, despite the impact of the renewed spread of COVID-19.」
While the renewed spread of COVID-19 continued, the company described the normalization of social activity and a gradual economic recovery, with no material change in its risk assessment from the prior quarter. - FY2023-Q2MitigatedAnnual report
「During the cumulative second quarter, Japan's economy gradually recovered as social activity moved toward normalization, despite a renewed domestic spread of COVID-19.」
The description changed to state that, despite a renewed spread of COVID-19, social activity was moving toward normalization and the economy was gradually recovering. - FY2023-Q1RestatedAnnual report
「The end of the COVID-19 pandemic remains unforeseeable, and difficult conditions continue.」
While noting the easing of activity restrictions and the containment of infections, the company continues to identify the unforeseeable end of the COVID-19 pandemic and its impact on the economic environment as risks. - FY2022RestatedAnnual report
「In addition to concerns about the impact of the spread and prolonged duration of COVID-19 on economic activity, the company expects a shift toward a declining population trend and further progress toward a declining birthrate and an aging population over the medium to long term, including as the proportion of older people in the population rises.」
While noting a temporary recovery resulting from vaccinations and the easing of restrictions on activity, the company continues to identify the renewed spread and prolonged duration of COVID-19 and its impact on economic activity as risks. - FY2022-Q3MitigatedAnnual report
「During the first 9 months of the current third quarter consolidated period (1 April 2021 to 31 December 2021), Japan's economy showed signs of recovery as the severe conditions caused by COVID-19 gradually eased, but the outlook remained uncertain due to supply constraints for raw materials and globally higher resource prices.」
The company states that difficult conditions caused by COVID-19 gradually eased and that the economy showed signs of recovery. However, risks from supply constraints and rising resource prices continue to cloud the outlook. - FY2022-Q2WorsenedAnnual report
「During the cumulative second quarter from 1 April 2021 to 30 September 2021, Japan's economy showed some signs of recovery, but remained in difficult conditions as the renewed spread of COVID-19 restricted economic activity.」
The company states that economic activity was restricted by the renewed spread of COVID-19 and difficult conditions continued. At the same time, it expresses expectations for a return to normal as vaccinations progress. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter, Japan's economy showed signs of recovery in exports and corporate production, but COVID-19 had yet to be brought under control and the economic outlook remained uncertain.」
The company continues to explain that, although some recovery was seen in exports and corporate production, COVID-19 had yet to be brought under control and the economic outlook remained uncertain. - FY2021-Q3WorsenedAnnual report
「During the cumulative third quarter from 1 April 2020 to 31 December 2020, Japan's economy suffered a severe blow as the spread of COVID-19 restricted social and economic activity. Although some signs of an economic recovery emerged as a result of various government economic measures, the end of the pandemic remained unforeseeable due to renewed infections, and uncertainty and a lack of visibility regarding the outlook increased further.」
The company states that restrictions on social and economic activity and the severe impact on the economy caused by COVID-19 continued, while renewed infections further increased uncertainty and a lack of visibility regarding the outlook. - FY2021-Q2MaterialisedAnnual report
「The economy contracted sharply as the COVID-19 pandemic spread. Following the lifting of the state of emergency, social and economic activity gradually resumed, and some signs of a moderate recovery emerged as a result of various policy measures, but conditions remain difficult.」
The company states that the economic downturn and difficult economic environment caused by COVID-19 continued during the interim period. - FY2021-Q1First statedAnnual report
「During the cumulative first quarter, Japan's economy entered a recession as the government's declaration of a state of emergency in response to the spread of COVID-19 led to tighter requests for people to refrain from going out and for businesses to suspend operations, restricting personal life and corporate activity.」
The company states that the spread of COVID-19, the declaration of a state of emergency, and requests to refrain from going out and suspend operations restricted personal life and corporate activity and caused an economic downturn. It states that there were no material changes to the assumptions used for accounting estimates from the prior fiscal year.