Uncertainty Regarding the Spread of COVID-19 and the Timing of Its Subsidence
First written in FY2021-Q1. 7 of 11 entries say "Restated". Latest entry: FY2024-Q1.
The Nanto Bank moved to the "Worse" side of this theme in 2020, 5 years before the typical company in this theme (2025).
The whole theme swung hardest in 2025: 2 of 9 companies on the "Worse" side.
66 other companies' latest entry also says "Restated".
- FY2024-Q1RestatedAnnual report
「There have been no material changes to the accounting estimates concerning the impact of COVID-19 or to the assumptions used in those estimates, as described under “Significant Accounting Estimates” in the annual securities report for the previous consolidated fiscal year.」
It was reconfirmed that there have been no material changes from the previous fiscal year in the accounting estimates and assumptions concerning 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 was reconfirmed that there have been no material changes from the previous fiscal year in the accounting assumptions, including the future spread and containment timing of COVID-19. - FY2023-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 was reconfirmed that there have been no material changes from the previous fiscal year’s annual securities report in the accounting assumptions, including the future spread and containment timing of COVID-19. - FY2022RestatedAnnual report
「The timing of the containment of COVID-19 remains uncertain」
Uncertainty regarding the timing of the containment of COVID-19 continues to be disclosed as a risk. - FY2022-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.」
It was reconfirmed that there have been no material changes from the previous fiscal year in the accounting assumptions, including the future spread and containment timing of COVID-19. - 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 was reconfirmed that there have been no material changes from the previous fiscal year in the accounting assumptions, including the future spread and containment timing of COVID-19. - FY2022-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 was reconfirmed that there have been no material changes from the previous fiscal year’s annual securities report in the accounting assumptions, including the future spread and containment timing of COVID-19. - FY2021WorsenedAnnual report
「COVID-19 has continued to spread in successive waves, including the third and fourth waves, due to the emergence of variants, and the outlook remains uncertain.」
Regarding COVID-19, the renewed spread of the third and fourth waves due to variants and downward pressure on the tourism and food-service industries were disclosed. - FY2021-Q3WorsenedAnnual report
「In the “Additional Information” section of the annual securities report for the previous consolidated fiscal year, we had assumed that “the economic impact of the spread of COVID-19 would continue for approximately the next year.” However, regarding the assumptions concerning the impact of COVID-19, we have revised this to assume that the impact will continue for a certain period under a state of emergency declared in 10 prefectures and metropolitan areas, including our bank’s operating area.」
Regarding the economic impact of COVID-19, the assumption was changed from the previous expectation that it would “continue for approximately the next year” to an assumption that it would continue for a certain period under the state of emergency. The impact on credit risk during the quarter was described as limited due to economic measures by the national and local governments. - FY2021-Q2WorsenedAnnual report
「Although personal consumption has begun to recover as economic activity, which was initially subject to significant restrictions, has gradually been relaxed, concerns remain about a renewed spread of infections and a prolonged containment period, and the outlook remains uncertain.」
Regarding COVID-19, concerns about a renewed spread of infections and a prolonged containment period are expressly stated, and uncertainty about the economic outlook continues. - FY2021-Q1First statedAnnual report
「There were no material changes to the assumptions described in the Additional Information section of the prior consolidated annual securities report, including assumptions regarding how COVID-19 would spread and when it would end.」
The disclosure states that there have been no material changes from the previous fiscal year’s annual securities report in the accounting assumptions, including the future spread and containment timing of COVID-19.