Regional Economic and Credit Risks Resulting from the Spread of COVID-19
First written in FY2020. 9 of 13 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 11 of 30 companies on the "Worse" side.
5 other companies' latest entry also says "Dropped".
- FY2024DroppedAnnual report
「If the scale or duration of this risk is substantial, it may increase credit risk and market risk through deterioration in economic conditions and customers' business conditions.」
COVID-19 is no longer presented as a separate major risk, and infectious diseases and pandemics have been generalized under "risks such as disasters." - FY2023MitigatedAnnual report
「In addition, no significant impact of COVID-19 on the Bank Group's performance for the current consolidated fiscal year has been observed. Going forward, the Bank judges that the impact on economic activity in its operating regions will be limited, as the effects of the spread of COVID-19 are gradually easing and the disease has been reclassified as a Category 5 infectious disease.」
The Bank indicates that no significant impact of COVID-19 on performance for the current fiscal year has been observed and that its future impact on regional economies is expected to be limited. - FY2023-Q3RestatedAnnual report
「The uncertainty surrounding these assumptions is high, and changes in the spread of infections or in social or economic conditions could affect performance from the current consolidated fiscal year onward.」
The Bank has reaffirmed its risk assessment that the assumptions concerning the timing of the end of COVID-19 and its impact on regional economies are highly uncertain and could affect performance. - FY2023-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no material changes to the accounting estimates of the Bank Group or the key assumptions used in those estimates, as described in the "Significant Accounting Estimates" section of the annual securities report for the previous consolidated fiscal year. As it will take a considerable period of time for COVID-19 to be brought under control, the Bank assumes that economic activity in its operating regions will be affected to a certain extent. The uncertainty surrounding these assumptions is high, and changes in the spread of infections or in social or economic conditions could affect performance from the current consolidated fiscal year onward.」
The Bank continues to assume that bringing COVID-19 under control will take a considerable period of time and that regional economies will be affected to a certain extent. It has reaffirmed that the uncertainty surrounding the assumption is high. - FY2022RestatedAnnual report
「If the effects of COVID-19 persist and customers' business conditions deteriorate significantly due to a contraction in economic activity in Japan and the regions that form the Bank's operating base, the Bank's performance could be adversely affected through higher-than-expected credit-related costs and increased market risk.」
The prolonged impact of COVID-19, deterioration in regional economic conditions and customers' business conditions, and the potential increases in credit-related costs and market risk continue to be identified as major risks. - FY2022-Q3RestatedAnnual report
「During the first 3 quarters of the current consolidated cumulative period, there were no material changes to the accounting estimates of the Bank Group or the key assumptions used in those estimates, as described in the "Significant Accounting Estimates" section of the annual securities report for the previous consolidated fiscal year. As it will take a considerable period of time for COVID-19 to be brought under control, the Bank assumes that economic activity in its operating regions will be affected to a certain extent. The uncertainty surrounding these assumptions is high, and changes in the spread of infections or in social or economic conditions could affect performance from the current consolidated fiscal year onward.」
The Bank continues to use the assumption concerning the timing of the end of COVID-19 and its impact on regional economies, and has reaffirmed its risk assessment that the assumption is highly uncertain and could affect performance. - FY2022-Q2RestatedAnnual report
「The uncertainty surrounding these assumptions is high, and changes in the spread of infections or in social or economic conditions could affect performance from the current consolidated fiscal year onward.」
The Bank has reaffirmed its risk assessment that the assumptions concerning the timing of the end of COVID-19 and its impact on regional economies are highly uncertain and could affect performance. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no material changes to the accounting estimates of the Bank Group or the key assumptions used in those estimates, as described in the "Significant Accounting Estimates" section of the annual securities report for the previous consolidated fiscal year. As it will take a considerable period of time for COVID-19 to be brought under control, the Bank assumes that economic activity in its operating regions will be affected to a certain extent. The uncertainty surrounding these assumptions is high, and changes in the spread of infections or in social or economic conditions could affect performance from the current consolidated fiscal year onward.」
The Bank continues to assume that bringing COVID-19 under control will take a considerable period of time and that economic activity in its operating regions will be affected to a certain extent. It has reaffirmed that the uncertainty surrounding the assumptions is high. - FY2021RestatedAnnual report
「If the effects of COVID-19 persist and customers' business conditions deteriorate significantly due to a contraction in economic activity in Japan and the regions that form the Bank's operating base, the Bank's performance could be adversely affected through higher-than-expected credit-related costs and increased market risk.」
The deterioration of regional economic conditions and customers' business conditions resulting from prolonged COVID-19 impacts, and the potential increases in credit-related costs and market risk, continue to be identified as major risks. - FY2021-Q3RestatedAnnual report
「During the first 3 quarters of the current consolidated cumulative period, there were no material changes to the accounting estimates of the Bank Group or the assumptions used in those estimates, as described in the "Additional Information" section of the annual securities report for the previous consolidated fiscal year. Although the spread of COVID-19 and the resulting stagnation of economic activity could affect credit risks associated with loans and other assets, the Bank Group calculates its allowance for loan losses based on the assumption that conditions will gradually return to normal from the second half of the current consolidated fiscal year onward and that the impact on borrowers' repayment capacity will be limited. The uncertainty surrounding these assumptions is high, and changes in the spread of infections or in social or economic conditions could affect performance from the current consolidated fiscal year onward.」
While there have been no material changes to the assumption that the impact of COVID-19 on credit risk will be limited, the high uncertainty surrounding that assumption has been reaffirmed. - FY2021-Q2RestatedAnnual report
「During the current interim consolidated accounting period, there were no material changes to the accounting estimates of the Bank Group or the assumptions used in those estimates, as described in the "Additional Information" section of the annual securities report for the previous consolidated fiscal year. Although the spread of COVID-19 and the resulting stagnation of economic activity could affect credit risks associated with loans and other assets, the Bank Group calculates its allowance for loan losses based on the assumption that conditions will gradually return to normal from the second half of the current consolidated fiscal year onward and that the impact on borrowers' repayment capacity will be limited. The uncertainty surrounding these assumptions is high, and changes in the spread of infections or in social or economic conditions could affect performance from the current consolidated fiscal year onward.」
While there have been no material changes to the assumption that the impact of COVID-19 on credit risk will be limited, the high uncertainty surrounding that assumption has been reaffirmed. - FY2021-Q1WorsenedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no material changes to the assumptions used in the accounting estimates of the Bank Group, as described in the "Additional Information" section of the annual securities report for the previous consolidated fiscal year. Although the spread of COVID-19 and the resulting stagnation of economic activity could affect credit risks associated with loans and other assets, the Bank Group calculates its allowance for loan losses based on the assumption that conditions will gradually return to normal from the second half of the current consolidated fiscal year onward and that the impact on borrowers' repayment capacity will be limited. The uncertainty surrounding these assumptions is high, and changes in the spread of infections or in social or economic conditions could affect performance for the current consolidated fiscal year.」
The allowance for loan losses is calculated on the assumption that the impact of COVID-19 on credit risk will be limited, while the high uncertainty surrounding that assumption is explicitly noted. - FY2020First statedAnnual report
「If COVID-19 becomes widespread in Japan and the regions where the bank operates, and customers’ business conditions deteriorate significantly because of a contraction in economic activity, the bank’s results could be adversely affected through higher-than-expected credit-related expenses and increased market risk.」
The spread of COVID-19 and the resulting contraction in economic activity are identified as major new risks that could affect performance through customers’ business conditions, credit-related expenses, and market risk.