Business Continuity and Credit Risk Arising from Large-Scale Disasters and Infectious Disease Outbreaks
First written in FY2017. 2 of 6 entries say "Restated". Latest entry: FY2025.
1 other company's latest entry also says "Restated".
- FY2025RestatedAnnual report
「Major disasters such as the Tokai Earthquake may adversely affect performance through losses caused by damage to the Bank Group and increased credit risk resulting from deterioration in the performance of counterparties.」
The risk of major disasters affecting operations and the creditworthiness of counterparties continues to be disclosed. - FY2022MitigatedAnnual report
「Specific measures included reducing the number of employees commuting through telework, installing shields to prevent droplet transmission at branch counters, ensuring social distancing in branch lobbies and ATM areas, and maintaining business continuity through split operations among head-office employees.」
Business continuity measures addressing infectious disease risk included telework, droplet prevention, social distancing and split operations. - FY2021MitigatedAnnual report
「As COVID-19 spread, the Bank established a task force headed by the President and worked to prevent infection among customers, officers and employees, and their families, as well as to prevent further spread of the disease. It also implemented measures to maintain banking operations necessary for the functioning of society.」
Although infectious disease risk continued, measures including the establishment of a task force, staggered shifts, telework, droplet-prevention shields and split operations were implemented. - FY2020MaterialisedAnnual report
「In the near term, the global spread of COVID-19 has begun to affect not only tourism, a major industry in Yamanashi Prefecture, but also supply chains in manufacturing and other industries, and concerns remain about its potential impact on consumption and production activity going forward.」
The risk previously described as the possibility of an infectious disease outbreak was updated to state that the global spread of COVID-19 and its impact on the real economy had actually occurred. - FY2018RestatedAnnual report
「Major disasters such as the Tokai Earthquake may adversely affect performance through losses caused by damage to the Bank Group and increased credit risk resulting from deterioration in the performance of counterparties. If an infectious disease such as a new strain of influenza becomes widespread, the Bank's performance may be adversely affected by the need to scale back operations due to increased absenteeism among officers and employees of the Bank Group, as well as by increased credit risk resulting from deterioration in counterparties' performance due to adverse effects on economic activity.」
The impact of major disasters and infectious disease outbreaks on business continuity and credit risk continues to be disclosed. - FY2017First statedAnnual report
「Major disasters such as the Tokai Earthquake may adversely affect performance through losses caused by damage to the Bank Group and increased credit risk resulting from deterioration in the performance of counterparties. If an infectious disease such as a new strain of influenza becomes widespread, the Bank's performance may be adversely affected by the need to scale back operations due to increased absenteeism among officers and employees of the Bank Group, as well as by increased credit risk resulting from deterioration in counterparties' performance due to adverse effects on economic activity.」
The disclosure indicates that major disasters and infectious disease outbreaks may affect performance through damage to the Bank, absenteeism, reduced operations and deterioration in counterparties' performance.