Impact of the COVID-19 Pandemic on the Economy, Assets and Operations
First written in FY2020. 7 of 11 entries say "Restated". Latest entry: FY2024-Q1.
The whole theme swung hardest in 2020: 12 of 31 companies on the "Worse" side.
10 other companies' latest entry also says "Restated".
- FY2024-Q1RestatedAnnual report
「There have been no material changes to the assumptions, including those regarding the future spread and timing of containment of COVID-19, described under “Significant Accounting Estimates” in the annual securities report for the previous consolidated fiscal year.」
It reconfirms that there have been no significant changes from the previous fiscal year's report in the assumptions underlying accounting estimates related to COVID-19. - FY2023MitigatedAnnual report
「Although the impact of COVID-19 is subsiding, the assumptions described in ② above involve a high degree of uncertainty, and if the infection situation or its impact on the economic environment changes, additional losses may arise in the consolidated financial statements for the following consolidated fiscal year.」
It indicated that the impact of COVID-19 was subsiding, while stating that uncertainty remained in the accounting estimates. - FY2023-Q3RestatedAnnual report
「There have been no material changes to the assumptions, including those regarding the future spread and timing of containment of COVID-19, described under “Significant Accounting Estimates” in the annual securities report for the previous consolidated fiscal year.」
The Company reaffirmed that there were no material changes from the previous fiscal year in the assumptions underlying accounting estimates regarding the impact of COVID-19. - FY2023-Q2RestatedAnnual report
「There have been no material changes to the assumptions, including those regarding the future spread and timing of containment of COVID-19, described under “Significant Accounting Estimates” in the annual securities report for the previous consolidated fiscal year.」
It states that there have been no significant changes from the previous fiscal year in the assumptions underlying accounting estimates related to the impact of COVID-19. - FY2022WorsenedAnnual report
「The impact of COVID-19 has been prolonged, and there are no signs that it is subsiding.」
In addition to the prolonged pandemic, it continues to disclose the possibility of deterioration in borrowers' business conditions and declines in securities prices, and states that uncertainty remains in the estimate of the allowance for loan losses. - FY2022-Q3WorsenedAnnual report
「Meanwhile, infections with the Omicron variant of COVID-19 have been spreading rapidly worldwide, and the likelihood has increased that tighter restrictions on activities will put downward pressure on economic activity.」
It describes the rapid global spread of the Omicron variant of COVID-19, along with concerns about tighter restrictions on activities and downward pressure on economic activity. Meanwhile, it states that there have been no significant changes in the assumptions used for accounting estimates. - FY2022-Q2RestatedAnnual report
「There have been no material changes to the assumptions, including those regarding the future spread and timing of containment of COVID-19, described under “Significant Accounting Estimates” in the annual securities report for the previous consolidated fiscal year.」
It reconfirms that there have been no significant changes from the previous fiscal year's report in the assumptions underlying accounting estimates related to COVID-19. - FY2021RestatedAnnual report
「In addition, it remains extremely difficult to accurately predict how COVID-19 will spread in the future or when it will subside.」
It continues to identify deterioration in borrowers' business conditions due to the spread of the infection, declines in securities prices and impacts on operations as significant risks, and incorporates an impact lasting approximately the next year into its estimate of the allowance for loan losses. - FY2021-Q2RestatedAnnual report
「There have been no material changes to the assumptions described in the “Additional Information” section of the previous consolidated fiscal year's securities report, including assumptions regarding the future spread and eventual containment of COVID-19.」
It reconfirms that there have been no significant changes from the previous fiscal year's report in the assumptions underlying accounting estimates related to COVID-19. - FY2021-Q1RestatedAnnual report
「There have been no material changes to the assumptions described in the “Additional Information” section of the previous consolidated fiscal year's securities report, including assumptions regarding the future spread and eventual containment of COVID-19.」
It states that there have been no significant changes from the previous fiscal year's report in the assumptions underlying accounting estimates related to COVID-19. - FY2020First statedAnnual report
「The impact of COVID-19 has been widespread, and it remains extremely difficult to accurately predict how it will spread in the future or when it will subside.」
It independently identified downward pressure on economic activity, deterioration in the financial condition of borrowers, declines in securities prices and disruption to operations as cross-cutting risks for the first time. It assumes that the impact on the allowance for loan losses will continue for approximately the next year.