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Suruga Bank (8358) · RiskRestated

Impact of COVID-19

First written in FY2020. 11 of 13 entries say "Restated". Latest entry: FY2024-Q3.

13entries
5years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2021-Q1 – FY2023-Q3RestatedFY2024-Q1 – FY2024-Q32020: 220202021: 320212022: 320222023: 420232024: 1
Same theme, other companies
Credit, Market and Bank Integration Risks Arising from COVID-19A theme 38 companies write about · 38 as a headwind · 0 as a tailwind

The whole theme swung hardest in 2020: 12 of 31 companies on the "Worse" side.

10 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 38 companies compared. The sentences above are computed from all 38.
Full recordFilings, disclosures and news, newest first
  1. FY2024-Q3RestatedAnnual report

    「We have made no material changes to the assumptions, including the economic impact of COVID-19, described under “Significant Accounting Estimates” in the annual securities report for the previous fiscal year. These assumptions involve uncertainty. If the status of COVID-19 or its economic impact changes from the initial assumptions, this may affect results from the fourth quarter of the fiscal year ending March 2024 onward.」

    While there have been no material changes to the accounting assumptions related to COVID-19, the company continues to disclose their uncertainty and the possibility of an impact on results from the fourth quarter onward.
  2. FY2024-Q2RestatedAnnual report

    「We assume that the economic impact of COVID-19 will gradually subside, but particularly expect it to affect the credit risk associated with loans and other assets.」

    The company continues to assume that the economic impact of COVID-19 will gradually subside and discloses the possibility of an impact on credit risk and the uncertainty of the assumptions.
  3. FY2024-Q1RestatedAnnual report

    「We have made no material changes to the assumptions, including the economic impact of COVID-19, described under “Significant Accounting Estimates” in the annual securities report for the previous fiscal year. These assumptions involve uncertainty. If the status of COVID-19 or its economic impact changes from the initial assumptions, this may affect results from the second quarter of the fiscal year ending March 2024 onward.」

    While there have been no material changes to the accounting assumptions related to COVID-19, the company continues to disclose their uncertainty and the possibility of an impact on results from the second quarter of the fiscal year ending March 2024 onward.
  4. FY2023SoftenedAnnual report

    「Although there have been developments toward containing COVID-19, including its reclassification as a Class 5 infectious disease, the impact on economic and social activity remains uncertain. Credit-related expenses may increase due to rising delinquencies resulting from lower customer income and deteriorating financial conditions, falling real estate prices, and responses to requests for changes to repayment terms.」

    While describing developments toward containing COVID-19, including its reclassification as a Class 5 infectious disease, the company continues to disclose the possibility of impacts on customer delinquencies, real estate prices and credit-related expenses.
  5. FY2023-Q3RestatedAnnual report

    「We have made no material changes to the assumptions, including the economic impact of the spread of COVID-19, described under “Significant Accounting Estimates” in the annual securities report for the previous fiscal year. These assumptions involve a high degree of uncertainty. If the spread of COVID-19 or its economic impact changes from the initial assumptions, this may affect results from the fourth quarter of the fiscal year ending March 2023 onward.」

    While there have been no material changes to the accounting assumptions related to COVID-19, the company continues to disclose their uncertainty and the possibility of an impact on results from the fourth quarter onward.
  6. FY2023-Q2RestatedAnnual report

    「However, these assumptions involve a high degree of uncertainty. If the spread of COVID-19 or its economic impact changes from the initial assumptions, it may affect results after the interim consolidated accounting period under review. There have been no material changes to the assumptions, including the economic impact of the spread of COVID-19, described under “Significant Accounting Estimates” in the previous fiscal year's securities report.」

    Although there have been no material changes in the accounting assumptions concerning the impact of COVID-19, the company continues to disclose the uncertainty of the assumptions and their potential impact on results.
  7. FY2023-Q1RestatedAnnual report

    「The company has made no material changes to the assumptions, including the economic impact of the spread of COVID-19, described under “Significant Accounting Estimates” in the previous fiscal year's securities report. These assumptions involve a high degree of uncertainty. If the spread of COVID-19 or its economic impact changes from the initial assumptions, it may affect results from the second quarter of the fiscal year ending March 2023 onward.」

    Although there have been no material changes in the accounting assumptions concerning COVID-19, the company continues to disclose their uncertainty and the potential impact on results from the second quarter of the fiscal year ending March 2023 onward.
  8. FY2022RestatedAnnual report

    「As the impact of COVID-19 continues worldwide, Japan also continues to face stagnation in economic and social activity and concerns about an economic recession.」

    The company continues to identify the persistence of the pandemic, declining customer income and deteriorating financial condition, rising delinquency, falling real estate prices and the potential increase in credit-related expenses as risks.
  9. FY2022-Q2RestatedAnnual report

    「The company has made no material changes to the assumptions, including the economic impact of the spread of COVID-19, described under “Significant Accounting Estimates” in the previous fiscal year's securities report.」

    The company reiterates that there have been no material changes in the accounting assumptions concerning the economic impact of COVID-19. It continues to disclose their high uncertainty and the potential impact on results.
  10. FY2022-Q1RestatedAnnual report

    「The company has made no material changes to the assumptions, including the economic impact of the spread of COVID-19, described under “Significant Accounting Estimates” in the previous fiscal year's securities report.」

    Although there have been no material changes in the accounting assumptions concerning COVID-19, the company continues to disclose their uncertainty and the potential impact on results from the second quarter of the fiscal year ending March 2022 onward.
  11. FY2021-Q3RestatedAnnual report

    「There have been no material changes in the accounting estimates concerning the impact of COVID-19 during the third quarter of the current consolidated accounting period or in the assumptions used for those estimates from the information provided in the “Additional Information” section of the previous fiscal year's securities report. These assumptions involve a high degree of uncertainty. If the spread of COVID-19 or its economic impact changes from the initial assumptions, it may affect results from the fourth quarter of the fiscal year ending March 2021 onward.」

    Although there have been no material changes in the accounting estimates and assumptions concerning COVID-19, the company continues to disclose their uncertainty and the potential impact on results from the fourth quarter onward.
  12. FY2021-Q1RestatedAnnual report

    「This assumption involves a high degree of uncertainty. If the spread of COVID-19 or its economic impact changes from the initial assumptions, it may affect results from the second quarter of the fiscal year ending March 2021 onward.」

    Although there have been no material changes from the previous fiscal year's securities report in the accounting estimates and assumptions concerning COVID-19, the company continues to disclose the uncertainty of these assumptions and their potential impact on future results.
  13. FY2020MaterialisedAnnual report

    「As the COVID-19 pandemic has not yet ended, our sales structure is focused on supporting existing customers affected by COVID-19, primarily in Shizuoka and Kanagawa prefectures, while we continue to monitor conditions such as delinquency.」

    Assuming that the spread of COVID-19 will continue and existing customers will remain affected, the company discloses the potential impact on delinquency, credit-related expenses, new loan origination amounts and other factors across several business areas.
Moved together

"Recognition of impairment losses on operating stores" moved the same way as this thread, in the same document, in 2 of its 13 moves.

2★1
  1. ★This thread
  2. 1Recognition of impairment losses on operating stores2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

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Impact of COVID-19 | Suruga Bank Ltd. (8358) | Komori